ShutterstockFRA:S3T -28.51%72 Gross Margin % is 52.41% as of Mar. 2026, which is 11% below its 10-year median of 58.91. GuruFocus rates FRA:S3T with a GF Score™ of 72/100 and a GF Value™ of €26.81 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 497 Interactive Media companies, Shutterstock ranks worse than 53.92% on this metric.
Shutterstock Inc gross margin has been in long-term decline. The average rate of decline per year is -1.5%.
The historical rank and industry rank for Shutterstock's Gross Margin % or its related term are showing as below:
FRA:S3T'
s Gross Margin % Range Over the Past 10 Years
Min: 57.05 Med: 58.91 Max: 64.1
Current: 57.66
During the past 13 years, the highestGross Margin % of Shutterstock was 64.10%. The lowest was 57.05%. And the median was 58.91%.
FRA:S3T's Gross Margin % is ranked worse than 53.92% of 497
companies
in the Interactive Media industry
Industry Median: 62.58
vs FRA:S3T: 57.66
Shutterstock had a gross margin of 52.41% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Shutterstock was -1.50% per year.
Shutterstock (FRA:S3T) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Shutterstock had a gross margin of 52.41% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Shutterstock Gross Margin % Related Terms
Shutterstock Gross Margin % Historical Data
* Premium members only.
The historical data trend for Shutterstock's Gross Margin % 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.
FRA:S3T vs NRDS, CARS, MAX: Gross Margin % Comparison
For the Internet Content & Information subindustry, Shutterstock's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Shutterstock's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Shutterstock's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Shutterstock (FRA:S3T) has a Gross Margin % of 52.41% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shutterstock and its competitors. This is 11% below median its historical median of 58.91. Over the past decade, Shutterstock's Gross Margin % has ranged from 57.05 to 64.10. According to the industry distribution chart, Shutterstock ranks #268 out of 497 companies in the Interactive Media industry, placing it in the top 53.9%.
Is Shutterstock's Gross Margin % too high?
Shutterstock's current Gross Margin % of 52.41% is 11% below median its 10-year median of 58.91. Over the past 10 years, this metric has ranged from a low of 57.05 to a high of 64.10. The Interactive Media industry median Gross Margin % is 62.58. Shutterstock's value of 52.41% is 16.3% below this industry median. Based on the distribution chart, Shutterstock ranks #268 out of 497 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Shutterstock has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shutterstock's Gross Margin % compare to NRDS and CARS?
According to the Interactive Media industry distribution chart, Shutterstock ranks #268 out of 497 companies for Gross Margin %. This places Shutterstock in the lower half of its industry. The industry median Gross Margin % is 62.58. Shutterstock's value of 52.41% is 16.3% below this benchmark. Historically, Shutterstock's own Gross Margin % has ranged from 57.05 to 64.10 over the past decade. While the company's 10-year median is 58.91 vs. the industry median of 62.58, Shutterstock has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Interactive Media company?
The median Gross Margin % among Interactive Media companies is 62.58, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shutterstock's current Gross Margin % of 52.41% is 16.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Shutterstock and its competitors. For the Interactive Media industry, the median Gross Margin % is 62.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shutterstock's current Gross Margin % is 52.41%, which is 11% below median its own 10-year median of 58.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shutterstock stock overvalued right now?
Based on GuruFocus' analysis, Shutterstock (FRA:S3T) is currently considered Possible Value Trap. The stock's GF Value™ is €26.81, compared to a current price of €8.60 — trading 67.9% below its estimated fair value. The current Gross Margin % is 52.41%, which is 11% below median its 10-year median of 58.91 and 16.3% below the Interactive Media industry median of 62.58. Shutterstock's overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Shutterstock (FRA:S3T), the current Gross Margin % is 52.41% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shutterstock (FRA:S3T) Overvalued in 2026?
Based on GuruFocus' analysis, Shutterstock stock appears to be undervalued.
The current stock price of €8.60 is trading 67.9% below its estimated GF Value™ of €26.81.
GuruFocus considers Shutterstock to be Possible Value Trap.
Key valuation signals for FRA:S3T:
Gross Margin %: 52.41% (11% below median its 10-year median of 58.91)
GF Value™: €26.81 vs. price of €8.60 (67.9% below fair value)
Industry Position: 16.3% below the Interactive Media median (#268 of 497)
No single metric tells the full story. See the FRA:S3T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
72GF Score
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