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Side-by-side financial comparison of KILROY REALTY CORP (KRC) and Shutterstock, Inc. (SSTK). Click either name above to swap in a different company.

KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $220.2M, roughly 1.2× Shutterstock, Inc.). KILROY REALTY CORP runs the higher net margin — 6.3% vs -7.3%, a 13.6% gap on every dollar of revenue. On growth, KILROY REALTY CORP posted the faster year-over-year revenue change (-5.0% vs -12.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $25.9M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% CAGR vs -1.2%).

Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.

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...

KRC vs SSTK — Head-to-Head

Bigger by revenue
KRC
KRC
1.2× larger
KRC
$272.2M
$220.2M
SSTK
Growing faster (revenue YoY)
KRC
KRC
+7.1% gap
KRC
-5.0%
-12.0%
SSTK
Higher net margin
KRC
KRC
13.6% more per $
KRC
6.3%
-7.3%
SSTK
More free cash flow
KRC
KRC
$424.4M more FCF
KRC
$450.3M
$25.9M
SSTK
Faster 2-yr revenue CAGR
SSTK
SSTK
Annualised
SSTK
1.4%
-1.2%
KRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KRC
KRC
SSTK
SSTK
Revenue
$272.2M
$220.2M
Net Profit
$17.1M
$-16.0M
Gross Margin
55.8%
Operating Margin
-1.1%
Net Margin
6.3%
-7.3%
Revenue YoY
-5.0%
-12.0%
Net Profit YoY
-73.7%
-1021.0%
EPS (diluted)
$0.11
$-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
KRC
KRC
SSTK
SSTK
Q4 25
$272.2M
$220.2M
Q3 25
$279.7M
$260.1M
Q2 25
$289.9M
$267.0M
Q1 25
$270.8M
$242.6M
Q4 24
$286.4M
$250.3M
Q3 24
$289.9M
$250.6M
Q2 24
$280.7M
$220.1M
Q1 24
$278.6M
$214.3M
Net Profit
KRC
KRC
SSTK
SSTK
Q4 25
$17.1M
$-16.0M
Q3 25
$162.3M
$13.4M
Q2 25
$79.6M
$29.4M
Q1 25
$43.7M
$18.7M
Q4 24
$65.0M
$-1.4M
Q3 24
$57.7M
$17.6M
Q2 24
$54.5M
$3.6M
Q1 24
$55.7M
$16.1M
Gross Margin
KRC
KRC
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
KRC
KRC
SSTK
SSTK
Q4 25
-1.1%
Q3 25
12.5%
Q2 25
13.0%
Q1 25
4.2%
Q4 24
5.3%
Q3 24
7.2%
Q2 24
9.4%
Q1 24
7.8%
Net Margin
KRC
KRC
SSTK
SSTK
Q4 25
6.3%
-7.3%
Q3 25
58.0%
5.1%
Q2 25
27.4%
11.0%
Q1 25
16.1%
7.7%
Q4 24
22.7%
-0.6%
Q3 24
19.9%
7.0%
Q2 24
19.4%
1.6%
Q1 24
20.0%
7.5%
EPS (diluted)
KRC
KRC
SSTK
SSTK
Q4 25
$0.11
$-0.47
Q3 25
$1.31
$0.37
Q2 25
$0.57
$0.82
Q1 25
$0.33
$0.53
Q4 24
$0.50
$-0.04
Q3 24
$0.44
$0.50
Q2 24
$0.41
$0.10
Q1 24
$0.42
$0.45

Balance Sheet & Financial Strength

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

Metric
KRC
KRC
SSTK
SSTK
Cash + ST InvestmentsLiquidity on hand
$179.3M
$178.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.4B
$581.0M
Total Assets
$10.9B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRC
KRC
SSTK
SSTK
Q4 25
$179.3M
$178.2M
Q3 25
$372.4M
$165.5M
Q2 25
$193.1M
$116.4M
Q1 25
$146.7M
$112.2M
Q4 24
$165.7M
$111.3M
Q3 24
$625.4M
$131.4M
Q2 24
$835.9M
$74.9M
Q1 24
$855.0M
$71.8M
Stockholders' Equity
KRC
KRC
SSTK
SSTK
Q4 25
$5.4B
$581.0M
Q3 25
$5.5B
$594.4M
Q2 25
$5.4B
$586.2M
Q1 25
$5.4B
$547.2M
Q4 24
$5.4B
$518.4M
Q3 24
$5.4B
$522.9M
Q2 24
$5.4B
$520.4M
Q1 24
$5.4B
$541.3M
Total Assets
KRC
KRC
SSTK
SSTK
Q4 25
$10.9B
$1.4B
Q3 25
$11.0B
$1.4B
Q2 25
$10.9B
$1.4B
Q1 25
$10.9B
$1.3B
Q4 24
$10.9B
$1.3B
Q3 24
$11.4B
$1.3B
Q2 24
$11.5B
$1.0B
Q1 24
$11.6B
$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
KRC
KRC
SSTK
SSTK
Operating Cash FlowLast quarter
$566.3M
$36.2M
Free Cash FlowOCF − Capex
$450.3M
$25.9M
FCF MarginFCF / Revenue
165.4%
11.8%
Capex IntensityCapex / Revenue
42.6%
4.7%
Cash ConversionOCF / Net Profit
33.10×
TTM Free Cash FlowTrailing 4 quarters
$833.0M
$123.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRC
KRC
SSTK
SSTK
Q4 25
$566.3M
$36.2M
Q3 25
$176.6M
$78.4M
Q2 25
$143.7M
$26.8M
Q1 25
$136.9M
$25.2M
Q4 24
$541.1M
$8.0M
Q3 24
$176.3M
$-11.6M
Q2 24
$88.7M
$28.0M
Q1 24
$167.9M
$8.3M
Free Cash Flow
KRC
KRC
SSTK
SSTK
Q4 25
$450.3M
$25.9M
Q3 25
$148.7M
$68.0M
Q2 25
$118.4M
$15.5M
Q1 25
$115.6M
$14.4M
Q4 24
$440.8M
$-952.0K
Q3 24
$147.2M
$-26.3M
Q2 24
$69.5M
$18.9M
Q1 24
$151.9M
$-6.2M
FCF Margin
KRC
KRC
SSTK
SSTK
Q4 25
165.4%
11.8%
Q3 25
53.1%
26.1%
Q2 25
40.9%
5.8%
Q1 25
42.7%
6.0%
Q4 24
153.9%
-0.4%
Q3 24
50.8%
-10.5%
Q2 24
24.7%
8.6%
Q1 24
54.5%
-2.9%
Capex Intensity
KRC
KRC
SSTK
SSTK
Q4 25
42.6%
4.7%
Q3 25
10.0%
4.0%
Q2 25
8.7%
4.2%
Q1 25
7.9%
4.5%
Q4 24
35.0%
3.6%
Q3 24
10.1%
5.9%
Q2 24
6.8%
4.1%
Q1 24
5.7%
6.7%
Cash Conversion
KRC
KRC
SSTK
SSTK
Q4 25
33.10×
Q3 25
1.09×
5.86×
Q2 25
1.81×
0.91×
Q1 25
3.13×
1.35×
Q4 24
8.32×
Q3 24
3.06×
-0.66×
Q2 24
1.63×
7.71×
Q1 24
3.01×
0.51×

Financial Flow Comparison

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

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