Shutterstock, Inc. — Earnings Quality Grade C
SSTK · Communication Services
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 42 days, change +4 days YoY
AR growth 18.3% exceeds revenue growth 5.8%
Revenue 5.8%, CFFO 410.6%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -3.7% vs revenue 5.8%. Normal
SG&A/Gross Profit = 70.6%, exceeds 70%
Gross margin 58.9%, change +1.3pp. Stable
Cash Flow Quality
CFFO/NI = 3.66. Profits backed by cash
FCF $0.1B, FCF/NI = 2.58
Accruals ratio = -8.9%. Low accruals
Cash $0.2B covers 61% of debt $0.3B
Balance Sheet Health
Goodwill+Intangibles $0.8B = 136% of equity. Over 50%
Debt/EBITDA = 1.6x. Healthy
Other assets 11.6% vs revenue 5.8%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.78 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25