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SSTK (Shutterstock) Degree of Operating Leverage : -2.29 (As of Mar. 2025)


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What is Shutterstock Degree of Operating Leverage?

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:

SSTK's Degree of Operating Leverage is ranked better than
76.42% of 547 companies
in the Interactive Media industry
Industry Median: 1.03 vs SSTK: -2.29

Shutterstock Degree of Operating Leverage Historical Data

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.

* Premium members only.

Shutterstock Degree of Operating Leverage Chart

Shutterstock Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Degree of Operating Leverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 -9.87 -16.28 -5.67 -2.29

Competitive Comparison of Shutterstock's Degree of Operating Leverage

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.


Shutterstock's Degree of Operating Leverage Distribution in the Interactive Media Industry

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.


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Shutterstock Degree of Operating Leverage Calculation

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.


Shutterstock Degree of Operating Leverage Related Terms

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.


Shutterstock Business Description

Traded in Other Exchanges
Address
350 Fifth Avenue, 20th Floor, New York, NY, USA, 10118
Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include licenses for Images, Footage, Music, 3 Dimensional, and Generative AI content. Data, Distribution, and Service offerings address customer demand for products and services that are beyond its Content licenses. The company generates the majority of its revenue from Content offerings. Geographically the company generates the majority of its revenue from the Domestic market, but also has its presence in Europe and Rest of the Countries.
Executives
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