Saturday 17 October 2026 Export MATX’s income statement to Excel — free account

Matson, Inc.

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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Market cap: $7.1B
P/E: 15.5×
Fwd P/E: 13.4×
Dividend yield: 0.62%
F-score: 5/9
Altman Z: 3.06
Beneish M: −2.55
Dividend safety: 86/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 26.18

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	12	—	9	3	1	9	1	—

Insider Ownership 3.02%

Capital & Financial Ratios $m

Market Cap 7,080.00

Revenue 3,459.20

Net Income 463.80

Free Cash Flow 119.20

Net Debt 213.10

Current Ratio 0.89

Debt/Equity 0.12

P/E ratio 15.54

Fwd P/E 13.40

P/S ratio 2.04

P/B ratio 2.54

Past 5Y EPS Growth 25.48%

This Y EPS Growth 19.15%

Next Y EPS Growth 2.14%

Next Y revenue growth 10.75%

Next 5Y EPS Growth 8.49%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 72.58%

10-year low 10-year high

P/S against its own 10 years 99.71%

10-year low 10-year high

P/B against its own 10 years 73.57%

10-year low 10-year high

EV/Sales against its own 10 years 99.71%

10-year low 10-year high

EV/FCF against its own 10 years 93.48%

10-year low 10-year high

Dividends

Payout Ratio 0.10

Annual Dividend Rate 1.46

Annual Dividend Yield 0.62%

	total	individual payouts
2027	Powerpack
2026	1.10	0.36 0.36 0.38
2025	1.40	0.34 0.34 0.36 0.36
2024	1.32	0.32 0.32 0.34 0.34
2023	1.26	0.31 0.31 0.32 0.32
2022	1.22	0.30 0.30 0.31 0.31
2021	1.06	0.23 0.23 0.30 0.30
2020	0.90	0.22 0.22 0.23 0.23
2019	0.86	0.21 0.21 0.22 0.22
2018	0.82	0.20 0.20 0.21 0.21
2017	0.78	0.19 0.19 0.20 0.20
2016	0.74	0.18 0.18 0.19 0.19

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	134	267	142	119
Receivables	279	269	257	335
Inventory	—	—	—	—
Other	—	—	—	—
	602	610	472	536

	2023	2024	2025	Q'26
Payables	278	269	245	298
ST’ Debt	40	40	40	40
Other	108	123	114	133
	562	560	527	604

Compound Annual Growth %

	10y	5y	3y
Sales	5.90%	7.01%	(8.34%)
Cash Flow	8.35%	4.94%	(24.51%)
Earnings	15.75%	18.16%	(25.23%)
Book Value	19.87%	23.48%	6.30%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	758	969	—	—	—
’25	782	831	880	852	3,345
’24	722	847	962	890	3,422
’23	705	773	828	789	3,095
’22	1,166	1,261	1,115	802	4,343
’21	712	875	1,072	1,267	3,925
’20	514	524	645	700	2,383

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	94	138	—	—	—
’25	89	106	176	177	547
’24	37	308	249	175	768
’23	97	150	153	111	511
’22	274	417	411	169	1,272
’21	123	116	345	401	984
’20	69	72	130	159	430

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	46	(70)	—	—	—
’25	0	20	92	51	163
’24	(16)	239	190	51	464
’23	49	59	91	52	263
’22	228	385	363	86	1,064
’21	86	53	199	322	661
’20	48	58	70	78	253

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.85	4.27	—	—	—
’25	2.18	2.92	4.24	4.60	13.81
’24	1.04	3.31	5.89	3.80	13.93
’23	0.94	2.26	3.40	1.78	8.32
’22	8.23	9.49	6.89	2.10	27.07
’21	1.99	3.71	6.53	9.39	21.47
’20	0.09	0.76	1.63	1.96	4.44

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	28.79	21.63	27.73	31.40	23.75	55.73	58.30	56.51	100.50	86.97	Analyst estimates 2026–2028 Powerpack
	High	43.24	37.32	41.96	42.16	62.00	94.54	125.34	114.55	169.12	154.23
People
People	Employees	1,925	1,947	2,007	1,988	4,149	4,259	4,288	4,315	4,356	4,170
	Revenue/emp, $m	1.01	1.05	1.11	1.11	0.57	0.92	1.01	0.72	0.79	0.80
Income, $m
Income, $m	Revenue	1,942	2,047	2,223	2,203	2,383	3,925	4,343	3,095	3,422	3,345
	Gross margin, %	16.69	15.92	15.65	14.76	20.10	34.84	35.26	20.16	25.01	22.77
	EBT	131	125	148	108	259	1,171	1,352	373	599	534
	EBT margin, %	6.72	6.12	6.64	4.89	10.87	29.84	31.14	12.05	17.52	15.96
	Net income	81	231	109	83	193	927	1,064	297	476	445
	Depreciation	97	101	94	161	190	239	292	284	287	300
Per share, $
Per share, $	Revenue	45.05	47.71	52.06	51.47	55.30	91.71	111.36	87.67	101.54	105.17
	Earnings	1.87	5.41	2.55	1.93	4.48	21.67	27.28	8.42	14.14	13.99
	Cash flow	3.66	5.24	7.14	5.81	9.97	22.99	32.61	14.46	22.78	17.20
	Capex	(4.10)	(7.16)	(6.20)	(7.17)	(4.11)	(7.56)	(5.34)	(7.00)	(9.03)	(12.08)
	Free cash flow	(0.44)	(1.92)	0.94	(1.36)	5.87	15.44	27.28	7.46	13.76	5.12
	Book value	11.48	15.79	17.69	18.82	22.30	38.96	58.89	68.01	78.69	86.76
	Shares, m	43	43	43	43	43	43	39	35	34	32
Valuation, ×
Valuation, ×	P/E	19.29	5.67	12.61	21.25	12.69	4.12	2.32	13.37	9.47	8.77
	P/S	0.80	0.65	0.62	0.79	1.03	0.98	0.56	1.29	1.33	1.17
	P/B	3.14	1.95	1.81	2.17	2.55	2.31	1.06	1.66	1.71	1.42
	EV/Sales	1.17	1.06	0.99	1.22	1.34	1.07	0.62	1.38	1.36	1.24
	EV/FCF	(119.37)	(26.25)	54.96	(46.19)	12.60	6.34	2.53	17.05	10.08	25.53
Cash, $m
Cash, $m	Operating cash flow	158	225	305	249	430	984	1,272	511	768	547
	Capex	(177)	(307)	(265)	(307)	(177)	(323)	(208)	(247)	(304)	(384)
	Free cash flow	(19)	(82)	40	(58)	253	661	1,064	263	464	163
Balance, $m
Balance, $m	Working capital	(3)	(20)	(52)	(147)	(206)	92	178	40	49	(55)
	Total debt	739	857	856	958	745	615	505	429	391	352
	Net debt	725	837	837	937	730	332	255	295	124	210
	Shareholders’ equity	495	677	755	806	961	1,667	2,297	2,401	2,652	2,759
Returns, %
Returns, %	ROA	4.42	10.83	4.66	3.14	6.72	28.13	26.52	6.89	10.72	9.64
	ROIC	8.03	6.08	6.43	4.63	10.36	37.11	33.15	7.95	12.41	10.52
	ROE	17.22	39.42	15.22	10.60	21.86	70.56	53.67	12.65	18.86	16.44

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KEX Kirby Corporation	$7.2B	20.9×	20.0×	+7.83% (above 0%: growing)	0.00%	−78.14% (below 0%: shrinking)	31.53%	13.27%	Compare
MATX Matson, Inc.	$7.1B	15.5×	13.4×	+16.72% (above 0%: growing)	+45.76% (above 0%: growing)	−455.10% (below 0%: shrinking)	23.94%	16.39%
HAFN Hafnia Limited	$5.4B	7.6×	—	+47.21% (above 0%: growing)	+273.33% (above 0%: growing)	+193.17% (above 0%: growing)	37.79%	34.33%	Compare
ZIM ZIM Integrated Shipping Services Ltd.	$3.6B	25.2×	— (loss-making)	+8.86% (above 0%: growing)	+178.95% (above 0%: growing)	−9.51% (below 0%: shrinking)	14.32%	8.10%	Compare
ECO Okeanis Eco Tankers Corp.	$3.4B	8.4×	4.2×	+239.40% (above 0%: growing)	+602.38% (above 0%: growing)	+196.66% (above 0%: growing)	80.71%	74.97%	Compare
SBLK Star Bulk Carriers Corp.	$3.1B	10.9×	7.5×	+44.46% (above 0%: growing)	+433,233.33% (above 0%: growing)	+25.84% (above 0%: growing)	56.88%	43.38%	Compare
DAC Danaos Corporation	$2.9B	5.3×	4.7×	+4.66% (above 0%: growing)	+16.81% (above 0%: growing)	−81.11% (below 0%: shrinking)	72.84%	48.38%	Compare
NMM Navios Maritime Partners LP	$2.5B	5.7×	4.1×	+25.22% (above 0%: growing)	+147.01% (above 0%: growing)	+252.84% (above 0%: growing)	65.58%	39.64%	Compare
SFL SFL Corporation Ltd.	$1.9B	25.8×	29.6×	+4.25% (above 0%: growing)	+2,400.00% (above 0%: growing)	−18.32% (below 0%: shrinking)	63.23%	32.49%	Compare
Median of peers	$3.3B	9.6×	6.1×	+17.04%	+226.14%	+8.17%	60.05%	36.99%

All 38 Marine Shipping stocks →

Matson, Inc. (MATX) key facts

Concern: Matson, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, down 2.26% from fiscal 2024.
Concern: Net income was $444.8 million, or $13.99 per share (basic), a net margin of 13.3%.
Matson, Inc. (MATX) is a Marine Shipping company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, MATX traded at $234.45, a market capitalization of $7.1 billion.
At that price the stock trades at 15.5× trailing-twelve-month earnings and 2.0× sales; its P/E is higher than 73% of its own readings over the past ten years.
Matson, Inc. pays an annual dividend of $1.46 per share, a yield of 0.62%, with a payout ratio of 9.76%.
Return on equity was 16.4% and debt-to-equity 0.12.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.06 (safe zone) for fiscal 2025.