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Side-by-side financial comparison of Shutterstock, Inc. (SSTK) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $220.2M, roughly 1.5× Shutterstock, Inc.). Shutterstock, Inc. runs the higher net margin — -7.3% vs -12.9%, a 5.6% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -12.0%). Shutterstock, Inc. produced more free cash flow last quarter ($25.9M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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...
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
SSTK vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $220.2M | $340.0M |
| Net Profit | $-16.0M | $-13.9M |
| Gross Margin | 55.8% | — |
| Operating Margin | -1.1% | -17.2% |
| Net Margin | -7.3% | -12.9% |
| Revenue YoY | -12.0% | -0.4% |
| Net Profit YoY | -1021.0% | -131.0% |
| EPS (diluted) | $-0.47 | $-0.41 |
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.
| Q4 25 | $220.2M | $340.0M | ||
| Q3 25 | $260.1M | $337.7M | ||
| Q2 25 | $267.0M | $319.2M | ||
| Q1 25 | $242.6M | $237.4M | ||
| Q4 24 | $250.3M | $341.5M | ||
| Q3 24 | $250.6M | $292.3M | ||
| Q2 24 | $220.1M | $270.7M | ||
| Q1 24 | $214.3M | $228.1M |
| Q4 25 | $-16.0M | $-13.9M | ||
| Q3 25 | $13.4M | $33.5M | ||
| Q2 25 | $29.4M | $34.0M | ||
| Q1 25 | $18.7M | $2.8M | ||
| Q4 24 | $-1.4M | $44.8M | ||
| Q3 24 | $17.6M | $28.8M | ||
| Q2 24 | $3.6M | $22.7M | ||
| Q1 24 | $16.1M | $11.9M |
| 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% | — |
| Q4 25 | -1.1% | -17.2% | ||
| Q3 25 | 12.5% | 13.6% | ||
| Q2 25 | 13.0% | 14.5% | ||
| Q1 25 | 4.2% | 2.2% | ||
| Q4 24 | 5.3% | 15.3% | ||
| Q3 24 | 7.2% | 12.8% | ||
| Q2 24 | 9.4% | 10.4% | ||
| Q1 24 | 7.8% | 6.0% |
| Q4 25 | -7.3% | -12.9% | ||
| Q3 25 | 5.1% | 9.9% | ||
| Q2 25 | 11.0% | 10.6% | ||
| Q1 25 | 7.7% | 1.2% | ||
| Q4 24 | -0.6% | 13.1% | ||
| Q3 24 | 7.0% | 9.9% | ||
| Q2 24 | 1.6% | 8.4% | ||
| Q1 24 | 7.5% | 5.2% |
| Q4 25 | $-0.47 | $-0.41 | ||
| Q3 25 | $0.37 | $0.98 | ||
| Q2 25 | $0.82 | $0.99 | ||
| Q1 25 | $0.53 | $0.08 | ||
| Q4 24 | $-0.04 | $1.32 | ||
| Q3 24 | $0.50 | $0.85 | ||
| Q2 24 | $0.10 | $0.67 | ||
| Q1 24 | $0.45 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $581.0M | $1.7B |
| Total Assets | $1.4B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $178.2M | $299.3M | ||
| Q3 25 | $165.5M | $274.8M | ||
| Q2 25 | $116.4M | $233.7M | ||
| Q1 25 | $112.2M | $181.0M | ||
| Q4 24 | $111.3M | $279.3M | ||
| Q3 24 | $131.4M | $179.8M | ||
| Q2 24 | $74.9M | $208.1M | ||
| Q1 24 | $71.8M | $216.5M |
| Q4 25 | $581.0M | $1.7B | ||
| Q3 25 | $594.4M | $1.8B | ||
| Q2 25 | $586.2M | $1.8B | ||
| Q1 25 | $547.2M | $1.7B | ||
| Q4 24 | $518.4M | $1.7B | ||
| Q3 24 | $522.9M | $1.7B | ||
| Q2 24 | $520.4M | $1.7B | ||
| Q1 24 | $541.3M | $1.7B |
| Q4 25 | $1.4B | $5.1B | ||
| Q3 25 | $1.4B | $5.8B | ||
| Q2 25 | $1.4B | $4.7B | ||
| Q1 25 | $1.3B | $4.5B | ||
| Q4 24 | $1.3B | $4.4B | ||
| Q3 24 | $1.3B | $4.6B | ||
| Q2 24 | $1.0B | $4.2B | ||
| Q1 24 | $1.0B | $3.8B |
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 | $-664.3M |
| Free Cash FlowOCF − Capex | $25.9M | $-680.1M |
| FCF MarginFCF / Revenue | 11.8% | -200.0% |
| Capex IntensityCapex / Revenue | 4.7% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $123.8M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $-664.3M | ||
| Q3 25 | $78.4M | $-948.1M | ||
| Q2 25 | $26.8M | $-238.5M | ||
| Q1 25 | $25.2M | $-281.1M | ||
| Q4 24 | $8.0M | $129.4M | ||
| Q3 24 | $-11.6M | $-202.0M | ||
| Q2 24 | $28.0M | $-237.8M | ||
| Q1 24 | $8.3M | $38.4M |
| Q4 25 | $25.9M | $-680.1M | ||
| Q3 25 | $68.0M | $-950.4M | ||
| Q2 25 | $15.5M | $-241.0M | ||
| Q1 25 | $14.4M | $-284.7M | ||
| Q4 24 | $-952.0K | $116.4M | ||
| Q3 24 | $-26.3M | $-204.0M | ||
| Q2 24 | $18.9M | $-241.7M | ||
| Q1 24 | $-6.2M | $35.2M |
| Q4 25 | 11.8% | -200.0% | ||
| Q3 25 | 26.1% | -281.5% | ||
| Q2 25 | 5.8% | -75.5% | ||
| Q1 25 | 6.0% | -120.0% | ||
| Q4 24 | -0.4% | 34.1% | ||
| Q3 24 | -10.5% | -69.8% | ||
| Q2 24 | 8.6% | -89.3% | ||
| Q1 24 | -2.9% | 15.4% |
| Q4 25 | 4.7% | 4.6% | ||
| Q3 25 | 4.0% | 0.7% | ||
| Q2 25 | 4.2% | 0.8% | ||
| Q1 25 | 4.5% | 1.5% | ||
| Q4 24 | 3.6% | 3.8% | ||
| Q3 24 | 5.9% | 0.7% | ||
| Q2 24 | 4.1% | 1.4% | ||
| Q1 24 | 6.7% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 5.86× | -28.34× | ||
| Q2 25 | 0.91× | -7.02× | ||
| Q1 25 | 1.35× | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | -0.66× | -7.01× | ||
| Q2 24 | 7.71× | -10.49× | ||
| Q1 24 | 0.51× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
