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
Market Cap
$4.56B
P/E (TTM)
10.7
13.2
Dividend Yield
1.0%
52W High
$154.23
52W Low
$86.97
52W Range
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
Q3 2025 Data
Revenue
$880.10M-8.51%
4-Quarter Trend
EPS
$4.28-28.43%
4-Quarter Trend
FCF
$90.30M-52.04%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Q3 Net Income Declines Net Income for three months $134.7M, reflecting 32.3% decrease versus prior year period results.
Ocean Transport Profitability Falls Ocean Transportation operating income $147.4M, down 35.0% due to lower China volume and freight rates.
Operating Cash Flow Decreases Nine months operating cash flow $370.2M, a decrease of $222.9M compared to prior year period.
Share Repurchase Activity Repurchased 615,000 common shares during the third quarter 2025 for total cost of $66.4M.
Risk Factors
China Volume Declines China container volume dropped 12.8% in Q3 2025 due to trade uncertainty and lower freight rates.
Fuel Price Volatility Risk Fuel price increases and uncertainty in collecting surcharges may adversely affect Ocean Transportation segment profits.
Jones Act Application Risk Repeal or waiver of the Jones Act could allow lower cost foreign competitors entry into key markets.
Key Customer Dependency Business relies heavily on key customer relationships; loss or damage adversely affects revenue and overall business.
Outlook
Full Year Tax Rate Guidance Full year 2025 effective tax rate expected to be approximately 22.0 percent, up from 20.2 percent in Q3.
Hawaii Volume Outlook Stable Full year 2025 Hawaii volume expected comparable to 2024 levels, reflecting modest economic growth outlook.
Q4 Operating Income Lower Consolidated operating income expected approximately 30 percent lower for Q4 2025 versus Q4 2024 results.
Capital Expenditure Forecast Full year 2025 capital expenditures forecast includes $248M for new vessel construction and $45M for dry-docking.
Peer Comparison
Revenue (TTM)
$3.38B
UNF$2.45B
HAFN$2.22B
Gross Margin (Latest Quarter)
46.5%
39.4%
37.4%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| MATX | $4.56B | 10.7 | 16.2% | 15.6% |
| CAAP | $4.24B | 23.0 | 12.8% | 26.3% |
| UNF | $3.86B | 26.2 | 6.5% | 2.8% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.4%
Flat Growth
4Q Net Income CAGR
1.7%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 23, 2026
EPS:-
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 5, 2025|Revenue: $880.10M-8.5%|EPS: $4.28-28.4%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 1, 2025|Revenue: $830.50M-2.0%|EPS: $2.95-11.7%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 6, 2025|Revenue: $782.00M+8.3%|EPS: $2.20+109.5%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 28, 2025|Revenue: $3.42B+10.6%|EPS: $14.14+67.9%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 31, 2024|Revenue: $962.00M+16.3%|EPS: $5.98+74.9%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 2, 2024|Revenue: $847.40M+9.6%|EPS: $3.34+46.5%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 1, 2024|Revenue: $722.10M+2.5%|EPS: $1.05+11.7%MeetForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 23, 2024|Revenue: $3.09B-28.7%|EPS: $8.42-69.1%Beat