MATX · Matson, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · MATX

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$3.34B	$3.42B	$3.09B	$4.34B	$3.93B	$2.38B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$294.10M	$303.60M	$283.30M	$261.00M	$236.50M	$225.00M
Total Operating Expenses	($2.58B)	$2.57B	$2.75B	$2.99B	$2.74B	$2.10B
D&A	$147.40M	$135.40M	$124.40M	$123.50M	$117.10M	$114.90M
Operating Income	$499.80M	$551.30M	$342.80M	$1.35B	$1.19B	$280.30M
Interest Expense	$6.80M	$7.50M	$12.20M	$18.00M	$22.60M	$27.40M
Income Tax	$89.00M	$123.00M	$75.90M	$288.40M	$243.90M	$65.90M
Net Income	$444.80M	$476.40M	$297.10M	$1.06B	$927.40M	$193.10M
EPS - Basic	$13.99	$14.14	$8.42	$27.28	$21.67	$4.48
EPS - Diluted	$13.81	$13.93	$8.32	$27.07	$21.47	$4.44

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$141.90M	$266.80M	$134.00M	$249.80M	$282.40M	$14.40M
Accounts Receivable	$256.80M	$268.90M	$279.40M	$268.50M	$343.70M	$253.40M
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	$471.90M	$609.60M	$602.30M	$759.60M	$704.50M	$305.90M
Total Assets	$4.64B	$4.60B	$4.29B	$4.33B	$3.69B	$2.90B
Current Liabilities	$527.40M	$560.40M	$562.30M	$581.60M	$612.40M	$511.50M
Long-term Debt	$312.10M	$350.80M	$389.30M	$427.70M	$549.70M	$685.60M
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$2.76B	$2.65B	$2.40B	$2.30B	$1.67B	$961.20M
Retained Earnings	$2.44B	$2.34B	$2.09B	$1.99B	$1.35B	$658.10M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$547.10M	$767.80M	$510.50M	$1.27B	$984.10M	$429.80M
Investing Cash Flow	($265.60M)	($336.10M)	($338.20M)	($729.30M)	($323.40M)	($177.00M)
Financing Cash Flow	($406.40M)	($301.20M)	($289.70M)	($576.60M)	($392.70M)	($261.50M)
CapEx	$393.40M	$310.10M	-	-	-	-
Free Cash Flow	$153.70M	$457.70M	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	14.9%	16.1%	11.1%	31.2%	30.3%	11.8%
EBITDA margin	19.4%	20.1%	15.1%	34.0%	33.2%	16.6%
Net margin	13.3%	13.9%	9.6%	24.5%	23.6%	8.1%
Free cash flow margin	4.6%	13.4%	-	-	-	-
FCF / Net income	0.35	0.96	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	8.8%	8.9%	9.2%	6.0%	6.0%	9.4%
Effective tax rate	16.7%	20.5%	20.3%	21.3%	20.8%	25.4%
Return on assets	9.6%	10.4%	6.9%	24.6%	25.1%	6.7%
Return on equity	16.1%	18.0%	12.4%	46.3%	55.6%	20.1%
Return on invested capital	13.6%	14.6%	9.8%	39.1%	42.4%	12.7%
Liquidity
Current ratio	0.89	1.09	1.07	1.31	1.15	0.60
Quick ratio	0.89	1.09	1.07	1.31	1.15	0.60
Cash ratio	0.27	0.48	0.24	0.43	0.46	0.03
Leverage
Debt / Equity	0.11	0.13	0.16	0.19	0.33	0.71
Debt / Assets	0.07	0.08	0.09	0.10	0.15	0.24
Debt / EBITDA	0.48	0.51	0.83	0.29	0.42	1.73
Interest coverage	73.5x	73.5x	28.1x	75.2x	52.5x	10.2x
Equity multiplier	1.68	1.73	1.79	1.89	2.21	3.02
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.72	0.74	0.72	1.00	1.06	0.82
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	28d	29d	33d	23d	32d	39d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	8.9x	9.7x	13.2x	2.3x	4.2x	12.8x
P / B	1.4x	1.7x	1.6x	1.1x	2.3x	2.6x
P / S	1.2x	1.3x	1.3x	0.6x	1.0x	1.0x
EV / EBITDA	6.4x	6.8x	8.9x	1.8x	3.2x	8.0x
Growth
Revenue growth (YoY)	-2.3%	10.6%	-28.7%	10.6%	64.7%	8.2%
Revenue CAGR (3y)	-8.3%	-4.5%	9.1%	25.4%	26.4%	5.2%
Revenue CAGR (5y)	7.0%	9.2%	9.8%	16.2%	15.1%	4.8%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-9.3%	60.8%	-74.7%	14.0%	323.7%	117.1%
Net income growth (YoY)	-6.6%	60.4%	-72.1%	14.7%	380.3%	133.5%
EPS growth (YoY)	-0.9%	67.4%	-69.3%	26.1%	383.6%	132.5%
EPS CAGR (3y)	-20.1%	-13.4%	23.3%	142.0%	104.0%	-6.1%
EPS CAGR (5y)	25.5%	48.8%	26.9%	38.2%	63.3%	13.7%
FCF growth (YoY)	-66.4%	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	4.0%	10.5%	4.5%	37.8%	73.5%	19.3%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$3.34B total

Ocean Transportation Segment$2.74B · 81.8%

Logistics Services Segment$609.00M · 18.2%

Product / service

$3.34B total

Ocean Transportation$2.74B · 81.8%

Logistics$609.00M · 18.2%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Water Transportation

Company	Revenue (last FY)	Net margin	ROE
INSW	$843.30M	36.7%	15.3%
KEX	$3.36B	10.5%	10.5%
RCL	$17.93B	23.8%	42.5%
TDW	$1.35B	24.7%	24.5%
NCLH	-	-	19.2%

Comparing Matson against the 5 most active filers in the same SIC group.

Dividends

$1.44/share trailing 12 months · +5.9% YoY

Ex-date	Per share
May 7, 2026	$0.3600
Feb 5, 2026	$0.3600
Nov 6, 2025	$0.3600
Aug 7, 2025	$0.3600
May 8, 2025	$0.3400
Feb 6, 2025	$0.3400
Nov 7, 2024	$0.3400
Aug 1, 2024	$0.3400
May 8, 2024	$0.3200
Feb 7, 2024	$0.3200
Nov 8, 2023	$0.3200
Aug 2, 2023	$0.3200
May 10, 2023	$0.3100
Feb 8, 2023	$0.3100
Nov 9, 2022	$0.3100
Aug 3, 2022	$0.3100
May 11, 2022	$0.3000
Feb 9, 2022	$0.3000
Nov 9, 2021	$0.3000
Aug 4, 2021	$0.3000
May 5, 2021	$0.2300
Feb 10, 2021	$0.2300
Nov 10, 2020	$0.2300
Aug 5, 2020	$0.2300