MediaAlpha vs Shutterstock
MediaAlpha reported revenue of $1.1 billion in fiscal 2025, about the same as Shutterstock's $990 million in fiscal 2025. MediaAlpha's revenue grew 28.8% in its latest year, and Shutterstock's grew 5.8%. MediaAlpha had an operating margin of 2.0%, against 7.6% at Shutterstock. Free cash flow was $65 million at MediaAlpha and $124 million at Shutterstock.
Side by side
| MediaAlpha | Shutterstock | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.1B | $990M |
| Revenue growth | 28.8% | 5.8% |
| Revenue growth a year, last 5 years | 13.7% | 8.2% |
| Gross margin | 15.1% | 58.9% |
| Operating margin | 2.0% | 7.6% |
| Net margin | 2.3% | 4.6% |
| Free cash flow | $65M | $124M |
| Free cash flow margin | 5.9% | 12.5% |
| Return on capital | 23.3% | 6.7% |
| Net debt to EBITDA | 4.2x | 0.6x |
| Dividends and buybacks | $47M | $46M |
| Change in diluted share count | 25.9% | 1.7% |
| Last close | $14.20 | $2.97 |
| P/E at the last close | 7.8× | — |
| Insider trades, last 12 months | — | — |
| Piotroski F-score | 4 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
MediaAlphaShutterstock
Operating margin
Percent of revenue
MediaAlphaShutterstock
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MediaAlphaShutterstock
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the MediaAlpha and Shutterstock pages.