Shutterstock (SSTK)

Return on equity (ROE)

		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
Total stockholders’ equity	US$ in thousands	518,350	522,915	520,412	541,275	527,094	531,963	519,507	476,534	447,482	430,583	429,093	444,423	468,482	474,896	465,334	440,504	421,925	390,240	343,500	327,727
ROE		6.93%	6.95%	9.06%	17.28%	20.92%	22.24%	21.74%	17.29%	17.01%	19.96%	18.40%	20.01%	19.61%	21.24%	23.09%	22.01%	17.01%	12.87%	9.49%	5.16%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $35,932K ÷ $518,350K
= 6.93%

Shutterstock's return on equity (ROE) has experienced fluctuations over the past few years. The ROE is a measure of a company's profitability relative to the shareholders' equity, indicating how effectively the company is utilizing its equity to generate profits.

From March 2020 to June 2021, Shutterstock's ROE shows a consistent upward trend, increasing from 5.16% to a peak of 23.09%, reflecting improved efficiency in generating profit from shareholder investments. However, from September 2021 to December 2024, there is a subsequent decline in ROE, dropping to as low as 6.93% by the end of December 2024.

Shutterstock's ROE performance suggests periods of strong profitability followed by challenges in maintaining high returns relative to equity. The downward trend in ROE in the latter period might indicate issues with cost management, declining profitability, or less efficient use of shareholder equity. Further analysis of the company's financial and operational performance would be necessary to understand the factors contributing to these fluctuations in ROE.