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Side-by-side financial comparison of Shutterstock, Inc. (SSTK) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.

Shutterstock, Inc. is the larger business by last-quarter revenue ($220.2M vs $208.0M, roughly 1.1× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs -7.3%, a 23.5% gap on every dollar of revenue. On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-10.9% vs -12.0%). Shutterstock, Inc. produced more free cash flow last quarter ($25.9M vs $-74.1M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% CAGR vs -3.2%).

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...

Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.

SSTK vs VRTS — Head-to-Head

Bigger by revenue
SSTK
SSTK
1.1× larger
SSTK
$220.2M
$208.0M
VRTS
Growing faster (revenue YoY)
VRTS
VRTS
+1.1% gap
VRTS
-10.9%
-12.0%
SSTK
Higher net margin
VRTS
VRTS
23.5% more per $
VRTS
16.3%
-7.3%
SSTK
More free cash flow
SSTK
SSTK
$100.0M more FCF
SSTK
$25.9M
$-74.1M
VRTS
Faster 2-yr revenue CAGR
SSTK
SSTK
Annualised
SSTK
1.4%
-3.2%
VRTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SSTK
SSTK
VRTS
VRTS
Revenue
$220.2M
$208.0M
Net Profit
$-16.0M
$33.9M
Gross Margin
55.8%
Operating Margin
-1.1%
19.1%
Net Margin
-7.3%
16.3%
Revenue YoY
-12.0%
-10.9%
Net Profit YoY
-1021.0%
-14.2%
EPS (diluted)
$-0.47
$5.15

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
VRTS
VRTS
Q4 25
$220.2M
$208.0M
Q3 25
$260.1M
$216.4M
Q2 25
$267.0M
$210.5M
Q1 25
$242.6M
$217.9M
Q4 24
$250.3M
$233.5M
Q3 24
$250.6M
$227.0M
Q2 24
$220.1M
$224.4M
Q1 24
$214.3M
$222.0M
Net Profit
SSTK
SSTK
VRTS
VRTS
Q4 25
$-16.0M
$33.9M
Q3 25
$13.4M
$31.3M
Q2 25
$29.4M
$42.7M
Q1 25
$18.7M
$28.1M
Q4 24
$-1.4M
$39.5M
Q3 24
$17.6M
$49.1M
Q2 24
$3.6M
$26.0M
Q1 24
$16.1M
$37.9M
Gross Margin
SSTK
SSTK
VRTS
VRTS
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
VRTS
VRTS
Q4 25
-1.1%
19.1%
Q3 25
12.5%
21.7%
Q2 25
13.0%
21.5%
Q1 25
4.2%
16.8%
Q4 24
5.3%
21.7%
Q3 24
7.2%
24.3%
Q2 24
9.4%
19.7%
Q1 24
7.8%
14.5%
Net Margin
SSTK
SSTK
VRTS
VRTS
Q4 25
-7.3%
16.3%
Q3 25
5.1%
14.5%
Q2 25
11.0%
20.3%
Q1 25
7.7%
12.9%
Q4 24
-0.6%
16.9%
Q3 24
7.0%
21.6%
Q2 24
1.6%
11.6%
Q1 24
7.5%
17.1%
EPS (diluted)
SSTK
SSTK
VRTS
VRTS
Q4 25
$-0.47
$5.15
Q3 25
$0.37
$4.65
Q2 25
$0.82
$6.12
Q1 25
$0.53
$4.05
Q4 24
$-0.04
$4.65
Q3 24
$0.50
$5.71
Q2 24
$0.10
$2.43
Q1 24
$0.45
$4.10

Balance Sheet & Financial Strength

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

Metric
SSTK
SSTK
VRTS
VRTS
Cash + ST InvestmentsLiquidity on hand
$178.2M
Total DebtLower is stronger
$390.0M
Stockholders' EquityBook value
$581.0M
$934.0M
Total Assets
$1.4B
$4.3B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SSTK
SSTK
VRTS
VRTS
Q4 25
$178.2M
Q3 25
$165.5M
Q2 25
$116.4M
Q1 25
$112.2M
Q4 24
$111.3M
Q3 24
$131.4M
Q2 24
$74.9M
Q1 24
$71.8M
Total Debt
SSTK
SSTK
VRTS
VRTS
Q4 25
$390.0M
Q3 25
$390.6M
Q2 25
$231.3M
Q1 25
$231.7M
Q4 24
$232.1M
Q3 24
$237.5M
Q2 24
$247.6M
Q1 24
$253.0M
Stockholders' Equity
SSTK
SSTK
VRTS
VRTS
Q4 25
$581.0M
$934.0M
Q3 25
$594.4M
$918.7M
Q2 25
$586.2M
$896.4M
Q1 25
$547.2M
$893.7M
Q4 24
$518.4M
$897.5M
Q3 24
$522.9M
$889.0M
Q2 24
$520.4M
$868.7M
Q1 24
$541.3M
$871.7M
Total Assets
SSTK
SSTK
VRTS
VRTS
Q4 25
$1.4B
$4.3B
Q3 25
$1.4B
$3.9B
Q2 25
$1.4B
$3.7B
Q1 25
$1.3B
$3.7B
Q4 24
$1.3B
$4.0B
Q3 24
$1.3B
$3.6B
Q2 24
$1.0B
$3.6B
Q1 24
$1.0B
$3.5B
Debt / Equity
SSTK
SSTK
VRTS
VRTS
Q4 25
0.42×
Q3 25
0.43×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.26×
Q3 24
0.27×
Q2 24
0.29×
Q1 24
0.29×

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
VRTS
VRTS
Operating Cash FlowLast quarter
$36.2M
$-67.2M
Free Cash FlowOCF − Capex
$25.9M
$-74.1M
FCF MarginFCF / Revenue
11.8%
-35.6%
Capex IntensityCapex / Revenue
4.7%
3.3%
Cash ConversionOCF / Net Profit
-1.99×
TTM Free Cash FlowTrailing 4 quarters
$123.8M
$100.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SSTK
SSTK
VRTS
VRTS
Q4 25
$36.2M
$-67.2M
Q3 25
$78.4M
$108.3M
Q2 25
$26.8M
$75.8M
Q1 25
$25.2M
$-3.8M
Q4 24
$8.0M
$1.8M
Q3 24
$-11.6M
$69.1M
Q2 24
$28.0M
$70.0M
Q1 24
$8.3M
$-34.5M
Free Cash Flow
SSTK
SSTK
VRTS
VRTS
Q4 25
$25.9M
$-74.1M
Q3 25
$68.0M
$106.9M
Q2 25
$15.5M
$74.2M
Q1 25
$14.4M
$-6.8M
Q4 24
$-952.0K
$-3.8M
Q3 24
$-26.3M
$68.7M
Q2 24
$18.9M
$68.6M
Q1 24
$-6.2M
$-36.5M
FCF Margin
SSTK
SSTK
VRTS
VRTS
Q4 25
11.8%
-35.6%
Q3 25
26.1%
49.4%
Q2 25
5.8%
35.2%
Q1 25
6.0%
-3.1%
Q4 24
-0.4%
-1.6%
Q3 24
-10.5%
30.3%
Q2 24
8.6%
30.6%
Q1 24
-2.9%
-16.4%
Capex Intensity
SSTK
SSTK
VRTS
VRTS
Q4 25
4.7%
3.3%
Q3 25
4.0%
0.7%
Q2 25
4.2%
0.7%
Q1 25
4.5%
1.4%
Q4 24
3.6%
2.4%
Q3 24
5.9%
0.2%
Q2 24
4.1%
0.6%
Q1 24
6.7%
0.9%
Cash Conversion
SSTK
SSTK
VRTS
VRTS
Q4 25
-1.99×
Q3 25
5.86×
3.45×
Q2 25
0.91×
1.77×
Q1 25
1.35×
-0.13×
Q4 24
0.04×
Q3 24
-0.66×
1.41×
Q2 24
7.71×
2.69×
Q1 24
0.51×
-0.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SSTK
SSTK

Segment breakdown not available.

VRTS
VRTS

Open End Funds$68.9M33%
Retail Separate Accounts$51.3M25%
Institutional Accounts$39.6M19%
Administration And Shareholder Service Fees$18.4M9%
Closed End Funds$15.9M8%
Distribution And Service Fees$12.3M6%

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