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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $757.80M | - | $880.10M | $830.50M | $782.00M | - | $962.00M | $847.40M | $722.10M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $77.50M | - | $72.30M | $74.40M | $73.40M | - | $72.30M | $77.10M | $73.40M | - |
| Total Operating Expenses | ($623.90M) | - | ($654.30M) | $646.90M | $612.20M | - | $719.70M | $722.80M | $685.20M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $61.40M | - | $161.00M | $113.00M | $82.10M | - | $242.30M | $124.60M | $36.90M | - |
| Interest Expense | $1.60M | - | $1.80M | $1.70M | $2.20M | - | $1.80M | $2.10M | $2.20M | - |
| Income Tax | $11.30M | - | $34.20M | $27.00M | $19.90M | - | $53.70M | $29.90M | $9.20M | - |
| Net Income | $56.60M | - | $134.70M | $94.70M | $72.30M | - | $199.10M | $113.20M | $36.10M | - |
| EPS - Basic | $1.86 | - | $4.28 | $2.95 | $2.20 | - | $5.98 | $3.34 | $1.05 | - |
| EPS - Diluted | $1.85 | - | $4.24 | $2.92 | $2.18 | - | $5.89 | $3.31 | $1.04 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $100.10M | $141.90M | $92.70M | $59.10M | $122.00M | $266.80M | $270.30M | $168.20M | $25.90M | $134.00M |
| Accounts Receivable | $257.90M | $256.80M | $278.10M | $289.10M | $270.70M | $268.90M | $311.10M | $308.00M | $302.80M | $279.40M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $436.40M | $471.90M | $447.10M | $424.50M | $468.00M | $609.60M | $651.80M | $546.20M | $512.00M | $602.30M |
| Total Assets | $4.58B | $4.64B | $4.60B | $4.48B | $4.53B | $4.60B | $4.44B | $4.27B | $4.22B | $4.29B |
| Current Liabilities | $529.90M | $527.40M | $540.60M | $546.90M | $546.40M | $560.40M | $577.70M | $584.50M | $530.50M | $562.30M |
| Long-term Debt | $302.20M | $312.10M | $321.50M | $331.50M | $340.90M | $350.80M | $360.20M | $370.00M | $379.40M | $389.30M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.73B | $2.76B | $2.69B | $2.62B | $2.63B | $2.65B | $2.56B | $2.40B | $2.37B | $2.40B |
| Retained Earnings | $2.43B | $2.44B | $2.38B | $2.31B | $2.33B | $2.34B | $2.25B | $2.10B | $2.08B | $2.09B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $94.00M | - | - | - | $89.00M | - | - | - | $36.60M | - |
| Investing Cash Flow | ($36.80M) | - | - | - | ($129.40M) | - | - | - | ($59.00M) | - |
| Financing Cash Flow | ($99.00M) | - | - | - | ($104.40M) | - | - | - | ($85.70M) | - |
| CapEx | $48.30M | - | $83.20M | $69.80M | $55.30M | - | - | - | - | - |
| Free Cash Flow | $45.70M | - | - | - | $33.70M | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 8.1% | - | 18.3% | 13.6% | 10.5% | - | 25.2% | 14.7% | 5.1% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 7.5% | - | 15.3% | 11.4% | 9.2% | - | 20.7% | 13.4% | 5.0% | - |
| Free cash flow margin | 6.0% | - | - | - | 4.3% | - | - | - | - | - |
| FCF / Net income | 0.81 | - | - | - | 0.47 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.2% | - | 8.2% | 9.0% | 9.4% | - | 7.5% | 9.1% | 10.2% | - |
| Effective tax rate | 16.6% | - | 20.2% | 22.2% | 21.6% | - | 21.2% | 20.9% | 20.3% | - |
| Return on assets | 1.2% | - | 2.9% | 2.1% | 1.6% | - | 4.5% | 2.6% | 0.9% | - |
| Return on equity | 2.1% | - | 5.0% | 3.6% | 2.7% | - | 7.8% | 4.7% | 1.5% | - |
| Return on invested capital | 1.7% | - | 4.3% | 3.0% | 2.2% | - | 6.5% | 3.6% | 1.1% | - |
| Liquidity | ||||||||||
| Current ratio | 0.82 | 0.89 | 0.83 | 0.78 | 0.86 | 1.09 | 1.13 | 0.93 | 0.97 | 1.07 |
| Quick ratio | 0.82 | 0.89 | 0.83 | 0.78 | 0.86 | 1.09 | 1.13 | 0.93 | 0.97 | 1.07 |
| Cash ratio | 0.19 | 0.27 | 0.17 | 0.11 | 0.22 | 0.48 | 0.47 | 0.29 | 0.05 | 0.24 |
| Leverage | ||||||||||
| Debt / Equity | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.15 | 0.16 | 0.16 |
| Debt / Assets | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 38.4x | - | 89.4x | 66.5x | 37.3x | - | 134.6x | 59.3x | 16.8x | - |
| Equity multiplier | 1.68 | 1.68 | 1.71 | 1.71 | 1.72 | 1.73 | 1.74 | 1.78 | 1.78 | 1.79 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | - | 0.19 | 0.19 | 0.17 | - | 0.22 | 0.20 | 0.17 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 124d | - | 115d | 127d | 126d | - | 118d | 133d | 153d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 88.6x | - | 23.3x | 38.1x | 58.8x | - | 24.2x | 39.6x | 108.1x | - |
| P / B | 1.8x | - | 1.2x | 1.4x | 1.6x | - | 1.9x | 1.9x | 1.6x | - |
| P / S | 6.6x | - | 3.6x | 4.3x | 5.4x | - | 5.0x | 5.3x | 5.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -3.1% | - | -8.5% | -2.0% | 8.3% | - | 16.3% | 9.6% | 2.5% | - |
| Revenue CAGR (3y) | 2.4% | - | -7.6% | -13.0% | -12.5% | - | -3.5% | -1.1% | 0.5% | - |
| Revenue CAGR (5y) | 1.3% | - | 6.4% | 9.6% | 8.8% | - | 11.0% | 8.7% | 6.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -25.2% | - | -33.6% | -9.3% | 122.5% | - | 83.4% | 28.9% | -4.7% | - |
| Net income growth (YoY) | -21.7% | - | -32.3% | -16.3% | 100.3% | - | 66.1% | 40.1% | 6.2% | - |
| EPS growth (YoY) | -15.1% | - | -28.0% | -11.8% | 109.6% | - | 73.2% | 46.5% | 10.6% | - |
| EPS CAGR (3y) | 25.3% | - | -14.9% | -32.5% | -35.8% | - | -3.4% | -3.7% | -19.5% | - |
| EPS CAGR (5y) | -1.4% | - | 21.1% | 30.9% | 89.2% | - | 47.6% | 50.4% | 29.1% | - |
| FCF growth (YoY) | 35.6% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.7% | 4.0% | 5.2% | 9.2% | 10.9% | 10.5% | 7.0% | 4.7% | 4.6% | 4.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.34B totalOcean Transportation Segment$2.74B · 81.8%
Logistics Services Segment$609.00M · 18.2%
Product / service
$3.34B totalOcean Transportation$2.74B · 81.8%
Logistics$609.00M · 18.2%
Peer comparison
Same SIC group: Water Transportation
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 |