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Matson, Inc.

NYSE•MATX
CEO: Mr. Matthew J. Cox
Sector: Industrials
Industry: Marine Shipping
Listing Date: 1973-05-03
Matson, Inc., together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, it offers vessel management and container transshipment services. The Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. It serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.
Contact Information
1411 Sand Island Parkway, Honolulu, HI, 96819, United States
808-848-1211
www.matson.com
Market Cap
$4.89B
P/E (TTM)
10.9
13.6
Dividend Yield
0.9%
52W High
$177.51
52W Low
$86.97
52W Range
77%
Rank28Top 16.1%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$851.90M+0.00%
4-Quarter Trend

EPS

$4.61+0.00%
4-Quarter Trend

FCF

$87.70M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Declined Modestly Net Income reached $444.8M USD in 2025, a 6.6% decrease from $476.4M USD in 2024, driven by lower Ocean Transportation income.
Ocean Revenue Fell Slightly Total Operating Revenue was $3.34B USD in 2025, down 2.3% from $3.42B USD in 2024, mainly due to China volume contraction.
SSAT Joint Venture Rebounds SSAT investment contributed $32.5M USD income in 2025, reversing the $1.0M USD loss recorded in the prior year period.
Dividend Payout Increased Cash dividends per share declared totaled $1.40 USD for 2025, an increase from $1.32 USD paid out in 2024.

Risk Factors

Jones Act Regulatory Uncertainty Repeal or amendment of the Jones Act could allow lower-cost foreign competitors entry into critical Hawaii and Alaska trades.
Fuel Price Volatility Risk Fuel remains a significant operating expense; inability to fully recover costs via surcharges may adversely affect profit margins.
Geopolitical Trade Tensions Macroeconomic shifts, tariffs, and geopolitical instability across major trade lanes could reduce demand for services.
Cybersecurity System Exposure Extensive reliance on IT systems and third-party providers exposes operations to potential breaches, disruptions, and reputational harm.

Outlook

2026 Operating Income Approach Full year 2026 Ocean Transportation operating income expected to approach 2025 levels, with normal seasonality returning.
Fleet Renewal Capital Spending Estimated total capital expenditures for 2026 range from $575M to $595M, funding new Aloha Class vessels construction.
Logistics Income Expected Stable Logistics operating income for full year 2026 is projected to approach $44.2M USD, matching 2025 performance levels.
New Vessels Deployment Planned Three new dual-fuel Aloha Class containerships are expected delivery starting Q1 2027, adding 15,000 container capacity.

Peer Comparison

Revenue (TTM)

SEB stock ticker logoSEB
$9.75B
+7.1%
BWLP stock ticker logoBWLP
$3.63B
+2.3%
MATX stock ticker logoMATX
$3.34B
-2.3%

Gross Margin (Latest Quarter)

MGRC stock ticker logoMGRC
48.0%
+0.0pp
KAI stock ticker logoKAI
43.9%
+0.5pp
SB stock ticker logoSB
42.0%
-5.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MATX$4.89B10.916.6%15.3%
SEB$4.77B9.710.1%22.1%
UNF$4.75B32.26.5%2.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.9%
Moderate Growth
4Q Net Income CAGR
25.6%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 4, 2026
|
EPS:$1.66
|
Revenue:$782.60M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data