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Side-by-side financial comparison of JBG SMITH Properties (JBGS) 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 $127.6M, roughly 1.7× JBG SMITH Properties). Shutterstock, Inc. runs the higher net margin — -7.3% vs -35.7%, a 28.4% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -12.0%). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% CAGR vs -6.3%).

JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.

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...

JBGS vs SSTK — Head-to-Head

Bigger by revenue
SSTK
SSTK
1.7× larger
SSTK
$220.2M
$127.6M
JBGS
Growing faster (revenue YoY)
JBGS
JBGS
+9.6% gap
JBGS
-2.5%
-12.0%
SSTK
Higher net margin
SSTK
SSTK
28.4% more per $
SSTK
-7.3%
-35.7%
JBGS
Faster 2-yr revenue CAGR
SSTK
SSTK
Annualised
SSTK
1.4%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
SSTK
SSTK
Revenue
$127.6M
$220.2M
Net Profit
$-45.5M
$-16.0M
Gross Margin
55.8%
Operating Margin
-47.5%
-1.1%
Net Margin
-35.7%
-7.3%
Revenue YoY
-2.5%
-12.0%
Net Profit YoY
24.0%
-1021.0%
EPS (diluted)
$-0.76
$-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
JBGS
JBGS
SSTK
SSTK
Q4 25
$127.6M
$220.2M
Q3 25
$123.9M
$260.1M
Q2 25
$126.5M
$267.0M
Q1 25
$120.7M
$242.6M
Q4 24
$130.8M
$250.3M
Q3 24
$136.0M
$250.6M
Q2 24
$135.3M
$220.1M
Q1 24
$145.2M
$214.3M
Net Profit
JBGS
JBGS
SSTK
SSTK
Q4 25
$-45.5M
$-16.0M
Q3 25
$-28.6M
$13.4M
Q2 25
$-19.2M
$29.4M
Q1 25
$-45.7M
$18.7M
Q4 24
$-59.9M
$-1.4M
Q3 24
$-27.0M
$17.6M
Q2 24
$-24.4M
$3.6M
Q1 24
$-32.3M
$16.1M
Gross Margin
JBGS
JBGS
SSTK
SSTK
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%
Operating Margin
JBGS
JBGS
SSTK
SSTK
Q4 25
-47.5%
-1.1%
Q3 25
-27.5%
12.5%
Q2 25
-18.4%
13.0%
Q1 25
-44.7%
4.2%
Q4 24
-53.6%
5.3%
Q3 24
-22.4%
7.2%
Q2 24
-24.3%
9.4%
Q1 24
-30.1%
7.8%
Net Margin
JBGS
JBGS
SSTK
SSTK
Q4 25
-35.7%
-7.3%
Q3 25
-23.1%
5.1%
Q2 25
-15.2%
11.0%
Q1 25
-37.9%
7.7%
Q4 24
-45.8%
-0.6%
Q3 24
-19.8%
7.0%
Q2 24
-18.0%
1.6%
Q1 24
-22.2%
7.5%
EPS (diluted)
JBGS
JBGS
SSTK
SSTK
Q4 25
$-0.76
$-0.47
Q3 25
$-0.48
$0.37
Q2 25
$-0.29
$0.82
Q1 25
$-0.56
$0.53
Q4 24
$-0.70
$-0.04
Q3 24
$-0.32
$0.50
Q2 24
$-0.27
$0.10
Q1 24
$-0.36
$0.45

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
SSTK
SSTK
Cash + ST InvestmentsLiquidity on hand
$75.3M
$178.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$581.0M
Total Assets
$4.4B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
SSTK
SSTK
Q4 25
$75.3M
$178.2M
Q3 25
$64.4M
$165.5M
Q2 25
$61.4M
$116.4M
Q1 25
$81.3M
$112.2M
Q4 24
$145.8M
$111.3M
Q3 24
$137.0M
$131.4M
Q2 24
$163.5M
$74.9M
Q1 24
$220.5M
$71.8M
Stockholders' Equity
JBGS
JBGS
SSTK
SSTK
Q4 25
$1.2B
$581.0M
Q3 25
$1.2B
$594.4M
Q2 25
$1.3B
$586.2M
Q1 25
$1.6B
$547.2M
Q4 24
$1.8B
$518.4M
Q3 24
$1.9B
$522.9M
Q2 24
$2.0B
$520.4M
Q1 24
$2.1B
$541.3M
Total Assets
JBGS
JBGS
SSTK
SSTK
Q4 25
$4.4B
$1.4B
Q3 25
$4.4B
$1.4B
Q2 25
$4.5B
$1.4B
Q1 25
$4.7B
$1.3B
Q4 24
$5.0B
$1.3B
Q3 24
$5.2B
$1.3B
Q2 24
$5.3B
$1.0B
Q1 24
$5.4B
$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
JBGS
JBGS
SSTK
SSTK
Operating Cash FlowLast quarter
$73.3M
$36.2M
Free Cash FlowOCF − Capex
$25.9M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$123.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
SSTK
SSTK
Q4 25
$73.3M
$36.2M
Q3 25
$8.9M
$78.4M
Q2 25
$18.8M
$26.8M
Q1 25
$12.9M
$25.2M
Q4 24
$129.4M
$8.0M
Q3 24
$26.4M
$-11.6M
Q2 24
$23.8M
$28.0M
Q1 24
$37.0M
$8.3M
Free Cash Flow
JBGS
JBGS
SSTK
SSTK
Q4 25
$25.9M
Q3 25
$68.0M
Q2 25
$15.5M
Q1 25
$14.4M
Q4 24
$-952.0K
Q3 24
$-26.3M
Q2 24
$18.9M
Q1 24
$-6.2M
FCF Margin
JBGS
JBGS
SSTK
SSTK
Q4 25
11.8%
Q3 25
26.1%
Q2 25
5.8%
Q1 25
6.0%
Q4 24
-0.4%
Q3 24
-10.5%
Q2 24
8.6%
Q1 24
-2.9%
Capex Intensity
JBGS
JBGS
SSTK
SSTK
Q4 25
4.7%
Q3 25
4.0%
Q2 25
4.2%
Q1 25
4.5%
Q4 24
3.6%
Q3 24
5.9%
Q2 24
4.1%
Q1 24
6.7%
Cash Conversion
JBGS
JBGS
SSTK
SSTK
Q4 25
Q3 25
5.86×
Q2 25
0.91×
Q1 25
1.35×
Q4 24
Q3 24
-0.66×
Q2 24
7.71×
Q1 24
0.51×

Financial Flow Comparison

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

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