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Side-by-side financial comparison of Shutterstock, Inc. (SSTK) and Strategic Education, Inc. (STRA). Click either name above to swap in a different company.
Strategic Education, Inc. is the larger business by last-quarter revenue ($305.9M vs $220.2M, roughly 1.4× Shutterstock, Inc.). Strategic Education, Inc. runs the higher net margin — 10.7% vs -7.3%, a 18.0% gap on every dollar of revenue. On growth, Strategic Education, Inc. posted the faster year-over-year revenue change (0.8% vs -12.0%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $25.9M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% CAGR vs -1.0%).
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...
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
SSTK vs STRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $220.2M | $305.9M |
| Net Profit | $-16.0M | $32.8M |
| Gross Margin | 55.8% | — |
| Operating Margin | -1.1% | 13.4% |
| Net Margin | -7.3% | 10.7% |
| Revenue YoY | -12.0% | 0.8% |
| Net Profit YoY | -1021.0% | 10.3% |
| EPS (diluted) | $-0.47 | $1.48 |
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.
| Q1 26 | — | $305.9M | ||
| Q4 25 | $220.2M | $323.2M | ||
| Q3 25 | $260.1M | $319.9M | ||
| Q2 25 | $267.0M | $321.5M | ||
| Q1 25 | $242.6M | $303.6M | ||
| Q4 24 | $250.3M | $311.5M | ||
| Q3 24 | $250.6M | $306.0M | ||
| Q2 24 | $220.1M | $312.3M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-16.0M | $37.9M | ||
| Q3 25 | $13.4M | $26.6M | ||
| Q2 25 | $29.4M | $32.3M | ||
| Q1 25 | $18.7M | $29.7M | ||
| Q4 24 | $-1.4M | $25.3M | ||
| Q3 24 | $17.6M | $27.7M | ||
| Q2 24 | $3.6M | $29.9M |
| Q1 26 | — | — | ||
| 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 26 | — | 13.4% | ||
| Q4 25 | -1.1% | 16.0% | ||
| Q3 25 | 12.5% | 11.6% | ||
| Q2 25 | 13.0% | 14.2% | ||
| Q1 25 | 4.2% | 13.1% | ||
| Q4 24 | 5.3% | 11.6% | ||
| Q3 24 | 7.2% | 11.9% | ||
| Q2 24 | 9.4% | 13.4% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | -7.3% | 11.7% | ||
| Q3 25 | 5.1% | 8.3% | ||
| Q2 25 | 11.0% | 10.1% | ||
| Q1 25 | 7.7% | 9.8% | ||
| Q4 24 | -0.6% | 8.1% | ||
| Q3 24 | 7.0% | 9.1% | ||
| Q2 24 | 1.6% | 9.6% |
| Q1 26 | — | $1.48 | ||
| Q4 25 | $-0.47 | $1.65 | ||
| Q3 25 | $0.37 | $1.15 | ||
| Q2 25 | $0.82 | $1.37 | ||
| Q1 25 | $0.53 | $1.24 | ||
| Q4 24 | $-0.04 | $1.05 | ||
| Q3 24 | $0.50 | $1.15 | ||
| Q2 24 | $0.10 | $1.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $178.2M | $150.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $581.0M | $1.6B |
| Total Assets | $1.4B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.3M | ||
| Q4 25 | $178.2M | $148.1M | ||
| Q3 25 | $165.5M | $172.6M | ||
| Q2 25 | $116.4M | $164.9M | ||
| Q1 25 | $112.2M | $182.6M | ||
| Q4 24 | $111.3M | $184.0M | ||
| Q3 24 | $131.4M | $222.1M | ||
| Q2 24 | $74.9M | $256.2M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $581.0M | $1.6B | ||
| Q3 25 | $594.4M | $1.7B | ||
| Q2 25 | $586.2M | $1.7B | ||
| Q1 25 | $547.2M | $1.6B | ||
| Q4 24 | $518.4M | $1.7B | ||
| Q3 24 | $522.9M | $1.7B | ||
| Q2 24 | $520.4M | $1.7B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $1.0B | $2.2B |
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 | $36.2M | $87.4M |
| Free Cash FlowOCF − Capex | $25.9M | $77.3M |
| FCF MarginFCF / Revenue | 11.8% | 25.3% |
| Capex IntensityCapex / Revenue | 4.7% | — |
| Cash ConversionOCF / Net Profit | — | 2.66× |
| TTM Free Cash FlowTrailing 4 quarters | $123.8M | $173.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $87.4M | ||
| Q4 25 | $36.2M | $39.2M | ||
| Q3 25 | $78.4M | $60.1M | ||
| Q2 25 | $26.8M | $31.2M | ||
| Q1 25 | $25.2M | $67.7M | ||
| Q4 24 | $8.0M | $15.9M | ||
| Q3 24 | $-11.6M | $51.5M | ||
| Q2 24 | $28.0M | $24.3M |
| Q1 26 | — | $77.3M | ||
| Q4 25 | $25.9M | $27.0M | ||
| Q3 25 | $68.0M | $49.3M | ||
| Q2 25 | $15.5M | $20.4M | ||
| Q1 25 | $14.4M | $57.3M | ||
| Q4 24 | $-952.0K | $4.7M | ||
| Q3 24 | $-26.3M | $42.1M | ||
| Q2 24 | $18.9M | $13.6M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | 11.8% | 8.3% | ||
| Q3 25 | 26.1% | 15.4% | ||
| Q2 25 | 5.8% | 6.3% | ||
| Q1 25 | 6.0% | 18.9% | ||
| Q4 24 | -0.4% | 1.5% | ||
| Q3 24 | -10.5% | 13.8% | ||
| Q2 24 | 8.6% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 3.8% | ||
| Q3 25 | 4.0% | 3.4% | ||
| Q2 25 | 4.2% | 3.4% | ||
| Q1 25 | 4.5% | 3.4% | ||
| Q4 24 | 3.6% | 3.6% | ||
| Q3 24 | 5.9% | 3.1% | ||
| Q2 24 | 4.1% | 3.4% |
| Q1 26 | — | 2.66× | ||
| Q4 25 | — | 1.03× | ||
| Q3 25 | 5.86× | 2.26× | ||
| Q2 25 | 0.91× | 0.97× | ||
| Q1 25 | 1.35× | 2.27× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | -0.66× | 1.86× | ||
| Q2 24 | 7.71× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SSTK
Segment breakdown not available.
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
