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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and Shutterstock, Inc. (SSTK). Click either name above to swap in a different company.
Shutterstock, Inc. is the larger business by last-quarter revenue ($220.2M vs $132.7M, roughly 1.7× Emerald Holding, Inc.). Shutterstock, Inc. runs the higher net margin — -7.3% vs -22.8%, a 15.5% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -12.0%). Shutterstock, Inc. produced more free cash flow last quarter ($25.9M vs $11.7M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...
EEX vs SSTK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $220.2M |
| Net Profit | $-30.2M | $-16.0M |
| Gross Margin | — | 55.8% |
| Operating Margin | -11.8% | -1.1% |
| Net Margin | -22.8% | -7.3% |
| Revenue YoY | 24.3% | -12.0% |
| Net Profit YoY | -692.2% | -1021.0% |
| EPS (diluted) | $-0.15 | $-0.47 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $132.7M | $220.2M | ||
| Q3 25 | $77.5M | $260.1M | ||
| Q2 25 | $105.5M | $267.0M | ||
| Q1 25 | $147.7M | $242.6M | ||
| Q4 24 | $106.8M | $250.3M | ||
| Q3 24 | $72.6M | $250.6M | ||
| Q2 24 | $86.0M | $220.1M | ||
| Q1 24 | $133.4M | $214.3M |
| Q4 25 | $-30.2M | $-16.0M | ||
| Q3 25 | $-14.4M | $13.4M | ||
| Q2 25 | $-1.4M | $29.4M | ||
| Q1 25 | $15.3M | $18.7M | ||
| Q4 24 | $5.1M | $-1.4M | ||
| Q3 24 | $-11.1M | $17.6M | ||
| Q2 24 | $-2.8M | $3.6M | ||
| Q1 24 | $11.0M | $16.1M |
| Q4 25 | — | 55.8% | ||
| Q3 25 | — | 60.6% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | — | 58.4% | ||
| Q4 24 | — | 55.1% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.5% | ||
| Q1 24 | — | 58.8% |
| Q4 25 | -11.8% | -1.1% | ||
| Q3 25 | -10.1% | 12.5% | ||
| Q2 25 | 9.7% | 13.0% | ||
| Q1 25 | 24.2% | 4.2% | ||
| Q4 24 | 19.5% | 5.3% | ||
| Q3 24 | -6.5% | 7.2% | ||
| Q2 24 | 7.4% | 9.4% | ||
| Q1 24 | 18.2% | 7.8% |
| Q4 25 | -22.8% | -7.3% | ||
| Q3 25 | -18.6% | 5.1% | ||
| Q2 25 | -1.3% | 11.0% | ||
| Q1 25 | 10.4% | 7.7% | ||
| Q4 24 | 4.8% | -0.6% | ||
| Q3 24 | -15.3% | 7.0% | ||
| Q2 24 | -3.3% | 1.6% | ||
| Q1 24 | 8.2% | 7.5% |
| Q4 25 | $-0.15 | $-0.47 | ||
| Q3 25 | $-0.07 | $0.37 | ||
| Q2 25 | $-0.01 | $0.82 | ||
| Q1 25 | $0.08 | $0.53 | ||
| Q4 24 | $0.01 | $-0.04 | ||
| Q3 24 | $-0.05 | $0.50 | ||
| Q2 24 | $-0.03 | $0.10 | ||
| Q1 24 | $0.00 | $0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $100.9M | $178.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $581.0M |
| Total Assets | $1.2B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $178.2M | ||
| Q3 25 | $95.4M | $165.5M | ||
| Q2 25 | $156.4M | $116.4M | ||
| Q1 25 | $276.8M | $112.2M | ||
| Q4 24 | $194.8M | $111.3M | ||
| Q3 24 | $188.9M | $131.4M | ||
| Q2 24 | $193.2M | $74.9M | ||
| Q1 24 | $186.8M | $71.8M |
| Q4 25 | $338.8M | $581.0M | ||
| Q3 25 | $369.5M | $594.4M | ||
| Q2 25 | $389.4M | $586.2M | ||
| Q1 25 | $392.1M | $547.2M | ||
| Q4 24 | $385.9M | $518.4M | ||
| Q3 24 | $391.1M | $522.9M | ||
| Q2 24 | $407.6M | $520.4M | ||
| Q1 24 | $-90.7M | $541.3M |
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $1.1B | $1.0B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.3M | $36.2M |
| Free Cash FlowOCF − Capex | $11.7M | $25.9M |
| FCF MarginFCF / Revenue | 8.8% | 11.8% |
| Capex IntensityCapex / Revenue | 0.5% | 4.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $123.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $36.2M | ||
| Q3 25 | $1.8M | $78.4M | ||
| Q2 25 | $15.9M | $26.8M | ||
| Q1 25 | $12.6M | $25.2M | ||
| Q4 24 | $20.6M | $8.0M | ||
| Q3 24 | $9.1M | $-11.6M | ||
| Q2 24 | $9.8M | $28.0M | ||
| Q1 24 | $7.3M | $8.3M |
| Q4 25 | $11.7M | $25.9M | ||
| Q3 25 | $1.5M | $68.0M | ||
| Q2 25 | $15.8M | $15.5M | ||
| Q1 25 | $12.4M | $14.4M | ||
| Q4 24 | $19.9M | $-952.0K | ||
| Q3 24 | $9.0M | $-26.3M | ||
| Q2 24 | $9.6M | $18.9M | ||
| Q1 24 | $7.0M | $-6.2M |
| Q4 25 | 8.8% | 11.8% | ||
| Q3 25 | 1.9% | 26.1% | ||
| Q2 25 | 15.0% | 5.8% | ||
| Q1 25 | 8.4% | 6.0% | ||
| Q4 24 | 18.6% | -0.4% | ||
| Q3 24 | 12.4% | -10.5% | ||
| Q2 24 | 11.2% | 8.6% | ||
| Q1 24 | 5.2% | -2.9% |
| Q4 25 | 0.5% | 4.7% | ||
| Q3 25 | 0.4% | 4.0% | ||
| Q2 25 | 0.1% | 4.2% | ||
| Q1 25 | 0.1% | 4.5% | ||
| Q4 24 | 0.7% | 3.6% | ||
| Q3 24 | 0.1% | 5.9% | ||
| Q2 24 | 0.2% | 4.1% | ||
| Q1 24 | 0.2% | 6.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.86× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | 0.82× | 1.35× | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | -0.66× | ||
| Q2 24 | — | 7.71× | ||
| Q1 24 | 0.66× | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
SSTK
Segment breakdown not available.
