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Side-by-side financial comparison of Shutterstock, Inc. (SSTK) and Texas Pacific Land Corporation (TPL). Click either name above to swap in a different company.

Shutterstock, Inc. is the larger business by last-quarter revenue ($220.2M vs $211.6M, roughly 1.0× Texas Pacific Land Corporation). Texas Pacific Land Corporation runs the higher net margin — 58.3% vs -7.3%, a 65.6% gap on every dollar of revenue. On growth, Texas Pacific Land Corporation posted the faster year-over-year revenue change (13.9% vs -12.0%). Over the past eight quarters, Texas Pacific Land Corporation's revenue compounded faster (10.2% CAGR vs 1.4%).

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...

The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km2) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas. It was previously organized as a publicly traded trust taxed as a corporation, and operated under the name Texas Pacific Land Trust.

SSTK vs TPL — Head-to-Head

Bigger by revenue
SSTK
SSTK
1.0× larger
SSTK
$220.2M
$211.6M
TPL
Growing faster (revenue YoY)
TPL
TPL
+25.9% gap
TPL
13.9%
-12.0%
SSTK
Higher net margin
TPL
TPL
65.6% more per $
TPL
58.3%
-7.3%
SSTK
Faster 2-yr revenue CAGR
TPL
TPL
Annualised
TPL
10.2%
1.4%
SSTK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SSTK
SSTK
TPL
TPL
Revenue
$220.2M
$211.6M
Net Profit
$-16.0M
$123.3M
Gross Margin
55.8%
Operating Margin
-1.1%
70.5%
Net Margin
-7.3%
58.3%
Revenue YoY
-12.0%
13.9%
Net Profit YoY
-1021.0%
4.2%
EPS (diluted)
$-0.47
$-8.59

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
SSTK
SSTK
TPL
TPL
Q4 25
$220.2M
$211.6M
Q3 25
$260.1M
$203.1M
Q2 25
$267.0M
$187.5M
Q1 25
$242.6M
$196.0M
Q4 24
$250.3M
$185.8M
Q3 24
$250.6M
$173.6M
Q2 24
$220.1M
$172.3M
Q1 24
$214.3M
$174.1M
Net Profit
SSTK
SSTK
TPL
TPL
Q4 25
$-16.0M
$123.3M
Q3 25
$13.4M
$121.2M
Q2 25
$29.4M
$116.1M
Q1 25
$18.7M
$120.7M
Q4 24
$-1.4M
$118.4M
Q3 24
$17.6M
$106.6M
Q2 24
$3.6M
$114.6M
Q1 24
$16.1M
$114.4M
Gross Margin
SSTK
SSTK
TPL
TPL
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
SSTK
SSTK
TPL
TPL
Q4 25
-1.1%
70.5%
Q3 25
12.5%
73.4%
Q2 25
13.0%
76.6%
Q1 25
4.2%
76.6%
Q4 24
5.3%
76.7%
Q3 24
7.2%
73.4%
Q2 24
9.4%
77.3%
Q1 24
7.8%
78.1%
Net Margin
SSTK
SSTK
TPL
TPL
Q4 25
-7.3%
58.3%
Q3 25
5.1%
59.7%
Q2 25
11.0%
61.9%
Q1 25
7.7%
61.6%
Q4 24
-0.6%
63.7%
Q3 24
7.0%
61.4%
Q2 24
1.6%
66.5%
Q1 24
7.5%
65.7%
EPS (diluted)
SSTK
SSTK
TPL
TPL
Q4 25
$-0.47
$-8.59
Q3 25
$0.37
$5.27
Q2 25
$0.82
$5.05
Q1 25
$0.53
$5.24
Q4 24
$-0.04
$5.14
Q3 24
$0.50
$4.63
Q2 24
$0.10
$4.98
Q1 24
$0.45
$4.97

Balance Sheet & Financial Strength

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

Metric
SSTK
SSTK
TPL
TPL
Cash + ST InvestmentsLiquidity on hand
$178.2M
$144.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$581.0M
$1.5B
Total Assets
$1.4B
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SSTK
SSTK
TPL
TPL
Q4 25
$178.2M
$144.8M
Q3 25
$165.5M
$531.8M
Q2 25
$116.4M
$543.9M
Q1 25
$112.2M
$460.4M
Q4 24
$111.3M
$369.8M
Q3 24
$131.4M
$533.9M
Q2 24
$74.9M
$894.7M
Q1 24
$71.8M
$837.1M
Stockholders' Equity
SSTK
SSTK
TPL
TPL
Q4 25
$581.0M
$1.5B
Q3 25
$594.4M
$1.4B
Q2 25
$586.2M
$1.3B
Q1 25
$547.2M
$1.2B
Q4 24
$518.4M
$1.1B
Q3 24
$522.9M
$1.1B
Q2 24
$520.4M
$1.2B
Q1 24
$541.3M
$1.1B
Total Assets
SSTK
SSTK
TPL
TPL
Q4 25
$1.4B
$1.6B
Q3 25
$1.4B
$1.5B
Q2 25
$1.4B
$1.4B
Q1 25
$1.3B
$1.4B
Q4 24
$1.3B
$1.2B
Q3 24
$1.3B
$1.2B
Q2 24
$1.0B
$1.3B
Q1 24
$1.0B
$1.3B

Cash Flow & Capital Efficiency

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

Metric
SSTK
SSTK
TPL
TPL
Operating Cash FlowLast quarter
$36.2M
$113.7M
Free Cash FlowOCF − Capex
$25.9M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$123.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SSTK
SSTK
TPL
TPL
Q4 25
$36.2M
$113.7M
Q3 25
$78.4M
$154.6M
Q2 25
$26.8M
$120.9M
Q1 25
$25.2M
$156.7M
Q4 24
$8.0M
$126.6M
Q3 24
$-11.6M
$118.6M
Q2 24
$28.0M
$98.3M
Q1 24
$8.3M
$147.2M
Free Cash Flow
SSTK
SSTK
TPL
TPL
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
SSTK
SSTK
TPL
TPL
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
SSTK
SSTK
TPL
TPL
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
SSTK
SSTK
TPL
TPL
Q4 25
0.92×
Q3 25
5.86×
1.28×
Q2 25
0.91×
1.04×
Q1 25
1.35×
1.30×
Q4 24
1.07×
Q3 24
-0.66×
1.11×
Q2 24
7.71×
0.86×
Q1 24
0.51×
1.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SSTK
SSTK

Segment breakdown not available.

TPL
TPL

Water Serviceand Operations Segment$98.2M46%
Water Sales And Royalties$60.7M29%
Produced Water Royalties$33.5M16%
Easementand Sundry$20.6M10%

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