Matson, Inc. MATX

Industrials SIC 4400 - Water Transportation NAICS Transportation and Warehousing › Water Transportation derived NYSE

Matson, Inc., a holding company incorporated in the State of Hawaii, and its subsidiaries ("Matson" or the "Company"), is a leading provider of ocean transportation and logistics services. The Company consists of two segments, Ocean Transportation and Logistics.

Ocean Transportation: Matson's Ocean Transportation business is conducted through Matson Navigation Company, Inc. ("MatNav"), a wholly-owned subsidiary of Matson, Inc. Founded in 1882, MatNav provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia. MatNav also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia. In addition, subsidiaries of MatNav provide stevedoring, refrigerated cargo services, inland transportation and other terminal services for MatNav in Hawaii and Alaska.

Last close 228.64 2026-10-23
Market cap $6.84B 2026-06-30 share count
52-week range 94.19 - 240.87

Valuation FY2025 figures against the last close

P/S2.0x
P/E16.6x
P/FCF44.5x
EV/EBITDA10.9x
Dividend yield0.7%
Diluted EPS13.81

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.34B$3.42B$3.09B$4.34B$3.93B$2.38B$2.20B$2.22B$2.05B$1.94B
SG&A $294.1M$303.6M$283.3M$261.0M$236.5M$225.0M$216.8M$220.8M$206.8M$183.1M
Total operating expenses -$2.58B-$2.57B-$2.47B$2.81B$2.74B$2.10B$2.07B$2.06B$1.90B$1.78B
Operating income $499.8M$551.3M$342.8M$1.35B$1.19B$280.3M$129.1M$163.8M$147.3M$156.7M
Interest expense $6.8M$7.5M$12.2M$18.0M$22.6M$27.4M$22.5M$18.7M$24.2M$24.1M
Pre-tax income $533.8M$599.4M$373.0M$1.35B$1.17B$259.0M$107.8M$147.7M$125.2M$130.5M
Income tax $89.0M$123.0M$75.9M$288.4M$243.9M$65.9M$25.1M$38.7M$105.8M$49.1M
Net income $444.8M$476.4M$297.1M$1.06B$927.4M$193.1M$82.7M$109.0M$231.0M$81.4M
EPS, basic 13.9914.148.4227.2821.674.481.932.555.381.89
EPS, diluted 13.8113.938.3227.0721.474.441.912.535.351.87
Shares, diluted (wtd. avg.) 32.2M34.2M35.7M39.3M43.2M43.5M43.3M43.0M43.2M43.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $141.9M$266.8M$134.0M$253.7M$287.7M$19.7M$28.4M$24.5M$19.8M$13.9M
Receivables $256.8M$268.9M$279.4M$268.5M$343.7M$253.4M$205.9M$223.7M$194.6M$189.5M
Total current assets $471.9M$609.6M$602.3M$759.6M$704.5M$305.9M$289.6M$318.4M$266.0M$274.2M
Property, plant and equipment $2.50B$2.26B$2.09B$1.96B$1.88B$1.69B$1.60B$1.37B$1.17B$949.2M
Goodwill $327.8M$327.8M$327.8M$327.8M$327.8M$327.8M$327.8M$327.8M$327.8M$323.7M
Other intangibles $146.6M$159.4M$176.4M$174.9M$181.1M$192.0M$202.9M$214.0M$225.2M$236.6M
Total assets $4.64B$4.60B$4.29B$4.33B$3.69B$2.90B$2.85B$2.43B$2.25B$2.02B
Accounts payable $244.9M$268.5M$277.9M$255.6M$308.4M$283.1M$235.7M$246.8M$175.1M$170.5M
Short-term debt $39.7M$39.7M$39.7M$76.9M$65.0M$59.2M$48.4M$42.1M$30.8M$31.8M
Total current liabilities $527.4M$560.4M$562.3M$581.6M$612.4M$511.5M$436.7M$370.8M$286.3M$277.6M
Long-term debt $312.1M$350.8M$389.3M$427.7M$549.7M$685.6M$910.0M$814.3M$826.3M$707.1M
Retained earnings $2.44B$2.34B$2.09B$1.99B$1.35B$658.1M$504.2M$460.0M$380.5M$196.6M
Total equity $2.76B$2.65B$2.40B$2.30B$1.67B$961.2M$805.7M$755.3M$677.2M$494.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $547.1M$767.8M$510.5M$1.27B$984.1M$429.8M$248.8M$305.0M$224.9M$157.8M
Depreciation and amortisation $147.4M$135.4M$124.4M$123.5M$117.1M$97.1M$86.3M$94.4M$101.2M$97.1M
Stock-based compensation $22.7M$26.5M$23.8M$18.3M$19.3M$18.8M$11.3M$12.1M$11.1M$11.2M
Capital expenditure $393.4M$310.1M$248.4M$209.3M————$307.0M$179.4M
Investing cash flow -$265.6M-$336.1M-$338.2M-$729.3M-$323.4M-$177.0M-$306.9M-$260.3M-$276.9M-$320.7M
Financing cash flow -$406.4M-$301.2M-$289.7M-$576.6M-$392.7M-$261.5M$62.0M-$40.0M$57.9M$151.3M
Dividends paid $44.9M$44.8M$45.0M$48.0M$45.9M$39.2M$37.2M$35.4M$33.8M$32.2M
Buybacks $303.3M$199.1M$155.2M$397.0M$198.3M———$19.3M$38.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-020944.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 1.9B Net income, FY2016: 81.4M Revenue, FY2017: 2B Net income, FY2017: 231M Revenue, FY2018: 2.2B Net income, FY2018: 109M Revenue, FY2019: 2.2B Net income, FY2019: 82.7M Revenue, FY2020: 2.4B Net income, FY2020: 193.1M Revenue, FY2021: 3.9B Net income, FY2021: 927.4M Revenue, FY2022: 4.3B Net income, FY2022: 1.1B Revenue, FY2023: 3.1B Net income, FY2023: 297.1M Revenue, FY2024: 3.4B Net income, FY2024: 476.4M Revenue, FY2025: 3.3B Net income, FY2025: 444.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.94B $2.05B $2.22B $2.20B $2.38B $3.93B $4.34B $3.09B $3.42B $3.34B
Gross profit — — — — — — — — — —
Net income $81.4M $231.0M $109.0M $82.7M $193.1M $927.4M $1.06B $297.1M $476.4M $444.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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