Shutterstock (SSTK)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 122,468 | 91,037 | 104,736 | 89,523 | 24,916 |
| Revenue | US$ in thousands | 875,466 | 826,488 | 770,112 | 669,753 | 651,063 |
| Pretax margin | 13.99% | 11.01% | 13.60% | 13.37% | 3.83% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $122,468K ÷ $875,466K
= 13.99%
Shutterstock Inc's pretax margin has shown a positive trend over the past five years. The company's pretax margin increased from 3.83% in 2019 to 14.00% in 2023, indicating a significant improvement in profitability. This upward trajectory suggests that Shutterstock Inc has been able to manage its costs effectively and/or increase its revenue generation. The pretax margin performance in 2023 outperformed the margins in the preceding years, reaching its highest point during this period. This improvement in pretax margin reflects positively on the company's ability to generate profits before accounting for taxes, making it a key indicator of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023