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Side-by-side financial comparison of Forestar Group Inc. (FOR) and Shutterstock, Inc. (SSTK). Click either name above to swap in a different company.

Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $220.2M, roughly 1.2× Shutterstock, Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -7.3%, a 12.9% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -12.0%). Shutterstock, Inc. produced more free cash flow last quarter ($25.9M vs $-157.1M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% CAGR vs -9.6%).

Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...

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...

FOR vs SSTK — Head-to-Head

Bigger by revenue
FOR
FOR
1.2× larger
FOR
$273.0M
$220.2M
SSTK
Growing faster (revenue YoY)
FOR
FOR
+21.0% gap
FOR
9.0%
-12.0%
SSTK
Higher net margin
FOR
FOR
12.9% more per $
FOR
5.6%
-7.3%
SSTK
More free cash flow
SSTK
SSTK
$183.0M more FCF
SSTK
$25.9M
$-157.1M
FOR
Faster 2-yr revenue CAGR
SSTK
SSTK
Annualised
SSTK
1.4%
-9.6%
FOR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FOR
FOR
SSTK
SSTK
Revenue
$273.0M
$220.2M
Net Profit
$15.4M
$-16.0M
Gross Margin
20.1%
55.8%
Operating Margin
7.6%
-1.1%
Net Margin
5.6%
-7.3%
Revenue YoY
9.0%
-12.0%
Net Profit YoY
-6.7%
-1021.0%
EPS (diluted)
$0.30
$-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.

Revenue
FOR
FOR
SSTK
SSTK
Q4 25
$273.0M
$220.2M
Q3 25
$670.5M
$260.1M
Q2 25
$390.5M
$267.0M
Q1 25
$351.0M
$242.6M
Q4 24
$250.4M
$250.3M
Q3 24
$551.3M
$250.6M
Q2 24
$318.4M
$220.1M
Q1 24
$333.8M
$214.3M
Net Profit
FOR
FOR
SSTK
SSTK
Q4 25
$15.4M
$-16.0M
Q3 25
$86.9M
$13.4M
Q2 25
$32.9M
$29.4M
Q1 25
$31.6M
$18.7M
Q4 24
$16.5M
$-1.4M
Q3 24
$81.5M
$17.6M
Q2 24
$38.7M
$3.6M
Q1 24
$45.0M
$16.1M
Gross Margin
FOR
FOR
SSTK
SSTK
Q4 25
20.1%
55.8%
Q3 25
22.3%
60.6%
Q2 25
20.4%
60.3%
Q1 25
22.6%
58.4%
Q4 24
22.0%
55.1%
Q3 24
23.9%
58.3%
Q2 24
22.5%
58.5%
Q1 24
24.9%
58.8%
Operating Margin
FOR
FOR
SSTK
SSTK
Q4 25
7.6%
-1.1%
Q3 25
16.9%
12.5%
Q2 25
11.2%
13.0%
Q1 25
11.6%
4.2%
Q4 24
8.7%
5.3%
Q3 24
19.7%
7.2%
Q2 24
16.2%
9.4%
Q1 24
17.6%
7.8%
Net Margin
FOR
FOR
SSTK
SSTK
Q4 25
5.6%
-7.3%
Q3 25
13.0%
5.1%
Q2 25
8.4%
11.0%
Q1 25
9.0%
7.7%
Q4 24
6.6%
-0.6%
Q3 24
14.8%
7.0%
Q2 24
12.2%
1.6%
Q1 24
13.5%
7.5%
EPS (diluted)
FOR
FOR
SSTK
SSTK
Q4 25
$0.30
$-0.47
Q3 25
$1.70
$0.37
Q2 25
$0.65
$0.82
Q1 25
$0.62
$0.53
Q4 24
$0.32
$-0.04
Q3 24
$1.59
$0.50
Q2 24
$0.76
$0.10
Q1 24
$0.89
$0.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FOR
FOR
SSTK
SSTK
Cash + ST InvestmentsLiquidity on hand
$211.7M
$178.2M
Total DebtLower is stronger
$793.2M
Stockholders' EquityBook value
$1.8B
$581.0M
Total Assets
$3.2B
$1.4B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOR
FOR
SSTK
SSTK
Q4 25
$211.7M
$178.2M
Q3 25
$379.2M
$165.5M
Q2 25
$189.2M
$116.4M
Q1 25
$174.3M
$112.2M
Q4 24
$132.0M
$111.3M
Q3 24
$481.2M
$131.4M
Q2 24
$359.2M
$74.9M
Q1 24
$416.2M
$71.8M
Total Debt
FOR
FOR
SSTK
SSTK
Q4 25
$793.2M
Q3 25
$802.7M
Q2 25
$872.8M
Q1 25
$872.5M
Q4 24
$806.8M
Q3 24
$706.4M
Q2 24
$706.1M
Q1 24
$705.7M
Stockholders' Equity
FOR
FOR
SSTK
SSTK
Q4 25
$1.8B
$581.0M
Q3 25
$1.8B
$594.4M
Q2 25
$1.7B
$586.2M
Q1 25
$1.6B
$547.2M
Q4 24
$1.6B
$518.4M
Q3 24
$1.6B
$522.9M
Q2 24
$1.5B
$520.4M
Q1 24
$1.5B
$541.3M
Total Assets
FOR
FOR
SSTK
SSTK
Q4 25
$3.2B
$1.4B
Q3 25
$3.1B
$1.4B
Q2 25
$3.1B
$1.4B
Q1 25
$3.0B
$1.3B
Q4 24
$3.0B
$1.3B
Q3 24
$2.8B
$1.3B
Q2 24
$2.7B
$1.0B
Q1 24
$2.6B
$1.0B
Debt / Equity
FOR
FOR
SSTK
SSTK
Q4 25
0.44×
Q3 25
0.45×
Q2 25
0.52×
Q1 25
0.53×
Q4 24
0.50×
Q3 24
0.44×
Q2 24
0.47×
Q1 24
0.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FOR
FOR
SSTK
SSTK
Operating Cash FlowLast quarter
$-157.0M
$36.2M
Free Cash FlowOCF − Capex
$-157.1M
$25.9M
FCF MarginFCF / Revenue
-57.5%
11.8%
Capex IntensityCapex / Revenue
0.0%
4.7%
Cash ConversionOCF / Net Profit
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$93.0M
$123.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOR
FOR
SSTK
SSTK
Q4 25
$-157.0M
$36.2M
Q3 25
$256.3M
$78.4M
Q2 25
$15.8M
$26.8M
Q1 25
$-19.8M
$25.2M
Q4 24
$-450.0M
$8.0M
Q3 24
$119.2M
$-11.6M
Q2 24
$-61.7M
$28.0M
Q1 24
$-59.2M
$8.3M
Free Cash Flow
FOR
FOR
SSTK
SSTK
Q4 25
$-157.1M
$25.9M
Q3 25
$255.6M
$68.0M
Q2 25
$15.0M
$15.5M
Q1 25
$-20.5M
$14.4M
Q4 24
$-952.0K
Q3 24
$118.4M
$-26.3M
Q2 24
$-62.3M
$18.9M
Q1 24
$-59.8M
$-6.2M
FCF Margin
FOR
FOR
SSTK
SSTK
Q4 25
-57.5%
11.8%
Q3 25
38.1%
26.1%
Q2 25
3.8%
5.8%
Q1 25
-5.8%
6.0%
Q4 24
-0.4%
Q3 24
21.5%
-10.5%
Q2 24
-19.6%
8.6%
Q1 24
-17.9%
-2.9%
Capex Intensity
FOR
FOR
SSTK
SSTK
Q4 25
0.0%
4.7%
Q3 25
0.1%
4.0%
Q2 25
0.2%
4.2%
Q1 25
0.2%
4.5%
Q4 24
0.0%
3.6%
Q3 24
0.1%
5.9%
Q2 24
0.2%
4.1%
Q1 24
0.2%
6.7%
Cash Conversion
FOR
FOR
SSTK
SSTK
Q4 25
-10.19×
Q3 25
2.95×
5.86×
Q2 25
0.48×
0.91×
Q1 25
-0.63×
1.35×
Q4 24
-27.27×
Q3 24
1.46×
-0.66×
Q2 24
-1.59×
7.71×
Q1 24
-1.32×
0.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

SSTK
SSTK

Segment breakdown not available.

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