Saturday 17 October 2026
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Matson, Inc.
MATX Industrials Marine Shipping
Matson, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, down 2.26% from fiscal 2024. In the quarter to June 2026, revenue grew 16.7%, EPS grew 45.8%, free cash flow fell 455.1% and total debt fell 10.5%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
234.45
2.41
−1.02%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
8.77 | 9.47 | 13.37 | 2.32 | 4.12 | 12.69 | 21.25 | 12.61 | 5.67 | 19.29 |
Piotroski F-Score |
5 | 9 | 5 | 7 | 9 | 6 | 4 | 5 | 4 | 5 |
Altman Z-Score |
3.06 | 3.27 | 2.90 | 3.45 | 3.81 | 2.13 | 1.62 | 1.87 | 1.84 | 1.96 |
P/S ratio |
1.17 | 1.33 | 1.29 | 0.56 | 0.98 | 1.03 | 0.79 | 0.62 | 0.65 | 0.80 |
P/FCF ratio |
24.24 | 9.82 | 15.88 | 2.29 | 5.83 | 9.71 | 0.00 | 34.10 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
3.91 | 3.97 | 3.51 | 5.05 | 4.38 | 1.44 | 0.96 | 1.40 | 1.38 | 1.17 |
Beneish M-Score |
(2.55) | (2.85) | (2.21) | (2.72) | (2.25) | (2.79) | (2.78) | (2.75) | (2.44) | (2.52) |
P/Operating CF |
22.21 | 26.01 | 35.76 | 14.39 | 9.61 | 15.44 | 25.53 | 13.40 | 16.99 | 22.12 |
Dividend Safety Score |
86 | — | — | — | — | — | — | — | — | — |
P/B ratio |
1.42 | 1.71 | 1.66 | 1.06 | 2.31 | 2.55 | 2.17 | 1.81 | 1.95 | 3.14 |
Price to Tangible BV |
1.72 | 2.10 | 2.10 | 1.36 | 3.33 | 5.56 | 6.35 | 6.40 | 10.66 | 0.00 |
EV/Sales |
1.24 | 1.36 | 1.38 | 0.62 | 1.07 | 1.34 | 1.22 | 0.99 | 1.06 | 1.17 |
EV/EBITDA |
5.17 | 5.57 | 6.82 | 1.64 | 2.93 | 6.78 | 9.25 | 8.54 | 8.70 | 8.98 |
EV/Operating CF |
7.57 | 6.08 | 8.38 | 2.12 | 4.25 | 7.41 | 10.79 | 7.23 | 9.61 | 14.45 |
EV/FCF |
25.53 | 10.08 | 17.05 | 2.53 | 6.34 | 12.60 | (46.19) | 54.96 | (26.25) | (119.37) |
Quick Ratio |
0.76 | 0.96 | 0.74 | 0.89 | 1.02 | 0.52 | 0.52 | 0.66 | 0.75 | 0.73 |
Current Ratio |
0.89 | 1.09 | 1.07 | 1.31 | 1.15 | 0.60 | 0.66 | 0.86 | 0.93 | 0.99 |
Net Debt/EBITDA |
0.26 | 0.15 | 0.47 | 0.15 | 0.23 | 1.55 | 3.23 | 3.24 | 3.37 | 2.86 |
Debt/Assets |
7.59% | 8.50% | 9.99% | 11.65% | 16.64% | 25.68% | 33.68% | 35.24% | 38.07% | 36.66% |
Debt/Equity |
0.13 | 0.15 | 0.18 | 0.22 | 0.37 | 0.77 | 1.19 | 1.13 | 1.27 | 1.49 |
Asset Turnover |
0.72 | 0.77 | 0.72 | 1.08 | 1.19 | 0.83 | 0.84 | 0.95 | 0.96 | 1.05 |
Operating CF/Net income |
1.23 | 1.61 | 1.72 | 1.20 | 1.06 | 2.23 | 3.01 | 2.80 | 0.97 | 1.94 |
Capex/Depreciation |
(1.28) | (1.06) | (0.87) | (0.71) | (1.35) | (0.93) | (1.90) | (2.81) | (3.04) | (1.82) |
Interest Coverage |
73.50 | 73.51 | 28.10 | 75.20 | 52.54 | 10.23 | 5.74 | 8.76 | 6.09 | 6.50 |
| 16.44% | 18.86% | 12.65% | 53.67% | 70.56% | 21.86% | 10.60% | 15.22% | 39.42% | 17.22% | |
| 9.64% | 10.72% | 6.89% | 26.52% | 28.13% | 6.72% | 3.14% | 4.66% | 10.83% | 4.42% | |
ROIC |
10.52% | 12.41% | 7.95% | 33.15% | 37.11% | 10.36% | 4.63% | 6.43% | 6.08% | 8.03% |
Return on Tangible Assets |
18.20% | 20.62% | 13.95% | 49.70% | 47.07% | 13.01% | 5.70% | 8.29% | 20.17% | 8.61% |
Average Days of Receivables |
28.03 | 28.68 | 32.95 | 22.57 | 31.96 | 38.81 | 34.11 | 36.73 | 34.70 | 35.62 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
8.79% | 8.87% | 9.15% | 6.01% | 6.03% | 9.44% | 9.84% | 9.93% | 10.10% | 9.43% |
Intangible Assets out of Total Assets |
0.10 | 0.11 | 0.12 | 0.12 | 0.14 | 0.18 | 0.19 | 0.22 | 0.25 | 0.28 |
Share Based Compensation of Revenue |
0.68% | 0.77% | 0.77% | 0.42% | 0.49% | 0.79% | 0.51% | 0.54% | 0.54% | 0.58% |
Graham Net Nets |
(0.36) | (0.29) | (0.32) | (0.52) | (0.34) | (0.67) | (1.00) | (0.99) | (0.99) | (0.80) |
Graham Number |
165.79 | 158.79 | 113.64 | 188.77 | 138.42 | 47.47 | 28.52 | 31.79 | 43.96 | 21.98 |
Earnings Yield |
11.40% | 10.56% | 7.48% | 43.03% | 24.28% | 7.88% | 4.71% | 7.93% | 17.63% | 5.18% |
Free Cash Flow Yield |
4.13% | 10.19% | 6.30% | 43.65% | 17.15% | 10.30% | (3.33%) | 2.93% | (6.22%) | (1.23%) |
Revenue per Share |
105.17 | 101.54 | 87.67 | 111.36 | 91.71 | 55.30 | 51.47 | 52.06 | 47.71 | 45.05 |
Operating CF per Share |
17.20 | 22.78 | 14.46 | 32.61 | 22.99 | 9.97 | 5.81 | 7.14 | 5.24 | 3.66 |
Capex per Share |
(12.08) | (9.03) | (7.00) | (5.34) | (7.56) | (4.11) | (7.17) | (6.20) | (7.16) | (4.10) |
Free Cash Flow per Share |
5.12 | 13.76 | 7.46 | 27.28 | 15.44 | 5.87 | (1.36) | 0.94 | (1.92) | (0.44) |
Cash per Share |
4.46 | 7.92 | 3.80 | 6.41 | 6.60 | 0.33 | 0.50 | 0.46 | 0.46 | 0.32 |
Shareholders Equity per Share |
86.76 | 78.69 | 68.01 | 58.89 | 38.96 | 22.30 | 18.82 | 17.69 | 15.79 | 11.48 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
86.76 | 78.69 | 68.01 | 58.89 | 38.96 | 22.30 | 18.82 | 17.69 | 15.79 | 11.48 |
Free Cash Flow |
162.80 | 463.60 | 263.30 | 1,063.80 | 660.70 | 252.80 | (58.10) | 40.10 | (82.30) | (19.10) |
Working Capital |
(55.50) | 49.20 | 40.00 | 178.00 | 92.10 | (205.60) | (147.10) | (52.40) | (20.30) | (3.40) |
Capital Expenditures |
(384.30) | (304.20) | (247.20) | (208.10) | (323.40) | (177.00) | (306.90) | (264.90) | (307.20) | (176.90) |
Net Current Asset Value |
(1,404.70) | (1,333.80) | (1,291.60) | (1,273.50) | (1,321.20) | (1,633.50) | (1,750.10) | (1,356.70) | (1,308.40) | (1,246.40) |
EV/EBIT |
8.28 | 8.47 | 12.48 | 1.99 | 3.52 | 11.37 | 20.79 | 13.46 | 14.67 | 14.55 |
Capex to Sales |
0.11 | 0.09 | 0.08 | 0.05 | 0.08 | 0.07 | 0.14 | 0.12 | 0.15 | 0.09 |
Price to Operating Income |
7.86 | 8.24 | 11.62 | 1.80 | 3.24 | 8.76 | 13.53 | 8.35 | 8.98 | 9.92 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.12 | 0.13 | 0.14 | 0.15 | 0.13 | 0.11 | 0.10 | 0.07 | 0.09 | 0.10 |
Cash ROIC |
5.01% | 14.01% | 8.88% | 34.86% | 25.76% | 14.69% | (3.25%) | 2.46% | (5.30%) | (1.53%) |
Accounts Receivable Turnover |
12.72 | 12.48 | 11.30 | 14.19 | 13.15 | 10.38 | 10.26 | 10.63 | 10.66 | 10.16 |
Accounts Payable Turnover |
10.06 | 9.39 | 9.26 | 9.97 | 8.65 | 7.34 | 7.78 | 8.89 | 9.96 | 9.65 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
34.61 | 38.19 | 41.05 | 33.18 | 44.01 | 54.26 | 45.81 | 48.04 | 37.14 | 38.47 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
262.85 | 274.15 | 273.95 | 306.10 | 298.55 | 229.65 | 214.80 | 209.15 | 192.05 | 191.15 |
Average Payables |
256.70 | 273.20 | 266.75 | 282.00 | 295.75 | 259.40 | 241.25 | 210.95 | 172.80 | 167.70 |
Average Assets |
4,615.50 | 4,445.00 | 4,312.30 | 4,011.55 | 3,296.85 | 2,873.00 | 2,637.90 | 2,341.00 | 2,133.55 | 1,842.65 |
Average Common Equity |
2,705.50 | 2,526.35 | 2,348.80 | 1,982.15 | 1,314.30 | 883.45 | 780.50 | 716.25 | 586.05 | 472.75 |
Columns are period end dates