Shutterstock (SSTK)

Pretax margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	122,468	128,917	128,443	99,775	91,037	96,640	89,921	101,756	104,736	122,980	130,739	118,885	89,523	65,786	41,255	22,215	24,916	32,984	36,252	31,204
Revenue (ttm)	US$ in thousands	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	649,328	645,029	637,492	631,122
Pretax margin		13.99%	14.70%	15.16%	11.84%	11.01%	11.90%	11.21%	12.89%	13.60%	16.49%	18.24%	17.35%	13.46%	10.11%	6.40%	3.44%	3.84%	5.11%	5.69%	4.94%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $122,468K ÷ $875,466K
= 13.99%

Shutterstock Inc's pretax margin has shown some variability over the past eight quarters, ranging from 11.00% to 15.18%. In Q4 2023, the pretax margin was 14.00%, slightly lower than the previous quarter's 14.73%. Despite this slight decrease, the company has generally maintained pretax margins above 11%, indicating consistent profitability. It is essential for Shutterstock Inc to monitor and manage costs effectively to sustain or improve pretax margins in the future.