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Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. Shutterstock's Degree of Operating Leverage for the quarter that ended in Mar. 2025 was -2.29. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Shutterstock's Degree of Operating Leverage or its related term are showing as below:
The historical data trend for Shutterstock's Degree of Operating Leverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Shutterstock Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Degree of Operating Leverage | Get a 7-Day Free Trial |
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130.02 | 1.61 | -1.97 | 6.12 | -5.67 |
Shutterstock Quarterly Data | ||||||||||||||||||||
Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | Mar25 | |
Degree of Operating Leverage | Get a 7-Day Free Trial |
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0.64 | -9.87 | -16.28 | -5.67 | -2.29 |
For the Internet Content & Information subindustry, Shutterstock's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Interactive Media industry and Communication Services sector, Shutterstock's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Shutterstock's Degree of Operating Leverage falls into.
Shutterstock's Degree of Operating Leverage for the quarter that ended in Mar. 2025 is calculated as:
Degree of Operating Leverage | = | % Change in EBIT** | / | % Change in Revenue |
= | ( 79.15 (Mar. 2025) / 103.632 (Mar. 2024) - 1 ) | / | ( 963.567 (Mar. 2025) / 873.622 (Mar. 2024) - 1 ) | |
= | -0.2362 | / | 0.103 | |
= | -2.29*** |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Shutterstock (NYSE:SSTK) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Thank you for viewing the detailed overview of Shutterstock's Degree of Operating Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Jarrod Yahes | officer: Chief Financial Officer | 425 W. 53RD STREET, PH1, NEW YORK NY 10119 |
Paul J. Hennessy | director | C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118 |
John Caine | officer: Global Head of eCommerce | 350 FIFTH AVE, 20TH FLOOR, NEW YORK NY 10118 |
Jonathan Oringer | director, 10 percent owner, officer: Chief Executive Officer | C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118 |
Steven Ciardiello | officer: Chief Accounting Officer | 269 HANCE ROAD, FAIR HAVEN NJ 07704 |
Deirdre Mary Bigley | director | 109 INWOOD AVENUE, MONTCLAIR NJ 07043 |
Peter Silvio | officer: Chief Technology Officer | C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118 |
Stan Pavlovsky | director, officer: Chief Executive Officer | 3316 LINCOLN AVE NE, RENTON WA 98056 |
Thomas R Evans | director | 11760 US HIGHWAY ONE, SUITE 200, NORTH PALM BEACH FL 33408 |
Alfonse L Upshaw | director | 350 FIFTH AVENUE, 21ST FL, NEW YORK NY 10118 |
Abraham Moshe Muchnick | officer: Chief Product Officer | C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118 |
Rachna Bhasin | director | 1855 GRIFFIN ROAD, B454, DANIA BEACH FL 33004 |
Martin Brodbeck | officer: Chief Technology Officer | 26 BLAIR ROAD, ARMONK NY 10504 |
Louis Weiss | officer: Chief Marketing Officer | C/O VITAMIN SHOPPE, 2101 91ST STREET, NORTH BERGEN NJ 07047 |
Jeffrey Kane Weiser | officer: Chief Marketing Officer | 314 S. GLENROY AVENUE, LOS ANGELES CA 90049 |
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