Shutterstock (SSTK)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	35,932	36,355	47,159	93,547	110,269	118,321	112,942	82,374	76,103	85,943	78,932	88,941	91,883	100,876	107,429	96,962	71,766	50,240	32,592	16,904
Revenue (ttm)	US$ in thousands	932,869	902,216	882,354	872,467	875,466	876,879	847,509	842,783	826,489	812,053	802,190	789,207	770,112	745,582	716,961	685,134	665,050	650,477	644,873	646,683
Net profit margin		3.85%	4.03%	5.34%	10.72%	12.60%	13.49%	13.33%	9.77%	9.21%	10.58%	9.84%	11.27%	11.93%	13.53%	14.98%	14.15%	10.79%	7.72%	5.05%	2.61%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $35,932K ÷ $932,869K
= 3.85%

The net profit margin of Shutterstock has shown fluctuations over the periods from March 31, 2020, to December 31, 2024. The margin varied from a low of 2.61% in March 31, 2020, to a high of 14.98% in June 30, 2021, indicating a significant improvement in profitability during that period. However, the margin declined thereafter, reaching 3.85% by December 31, 2024.

The company's profitability peaked in the first half of 2021, but it faced challenges in maintaining this level of profitability in the subsequent periods. Despite some fluctuations, the net profit margin generally stayed in the range of around 9% to 15% from March 31, 2021, to June 30, 2023. The margins started to decrease in the latter half of 2023 and continued to decline into 2024.

The decreasing trend in net profit margin from June 30, 2023, to December 31, 2024, may suggest that the company faced challenges in managing its costs or experienced declining revenues during this period. It will be important for Shutterstock to closely monitor its cost structure and revenue streams to improve profitability and sustain its financial performance in the future.