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Matson, Inc.

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
$4.56B
P/E (TTM)
10.7
13.2
Dividend Yield
1.0%
52W High
$154.23
52W Low
$86.97
52W Range
88%
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)

Matson, Inc.MATX
$3.38B
+1.9%
UniFirst CorporationUNF
$2.45B
+0.4%
Hafnia LimitedHAFN
$2.22B
-27.6%

Gross Margin (Latest Quarter)

McGrath RentCorpMGRC
46.5%
+0.0pp
Safe Bulkers, Inc.SB
39.4%
-5.0pp
Corporación América Airports S.A.CAAP
37.4%
+6.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MATX$4.56B10.716.2%15.6%
CAAP$4.24B23.012.8%26.3%
UNF$3.86B26.26.5%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
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EPS:-
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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%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 1, 2025|
    Revenue: $830.50M-2.0%
    |
    EPS: $2.95-11.7%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $782.00M+8.3%
    |
    EPS: $2.20+109.5%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $3.42B+10.6%
    |
    EPS: $14.14+67.9%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $962.00M+16.3%
    |
    EPS: $5.98+74.9%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $847.40M+9.6%
    |
    EPS: $3.34+46.5%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $722.10M+2.5%
    |
    EPS: $1.05+11.7%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 23, 2024|
    Revenue: $3.09B-28.7%
    |
    EPS: $8.42-69.1%
    Beat