Matson Inc Financials
This page shows Matson Inc (MATX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Post-peak profitability held up better than revenue, but heavier reinvestment sharply reduced the cash left over in FY2025.
From FY2023 to FY2025, net income rose from$297.1M to$444.8M even though revenue remained far below the FY2022 peak, so the business did not simply give back earnings in lockstep with sales normalization. The bigger FY2025 change was cash conversion: operating cash flow of$547.1M still covered profit, but free cash flow fell to$153.7M as capex climbed to$393.4M , meaning reinvestment absorbed much more of the cash the business generated.
FY2025 capital returns ran ahead of internally generated surplus cash: buybacks plus dividends totaled
The balance sheet shows a liquidity versus solvency split. Current ratio slipped below 1.0x to 0.9x and cash dropped to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Matson Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Matson Inc has an operating margin of 14.9%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 74/100, reflecting efficient cost management and pricing power. This is down from 16.1% the prior year.
Matson Inc's revenue declined 2.3% year-over-year, from $3.4B to $3.3B. This contraction results in a growth score of 46/100.
Matson Inc carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.
Matson Inc's current ratio of 0.89 is below the typical benchmark, resulting in a score of 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Matson Inc has a free cash flow margin of 4.6%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.
Matson Inc earns a strong 16.1% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 67/100. This is down from 18.0% the prior year.
Matson Inc scores 3.78, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.2B) relative to total liabilities ($1.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Matson Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Matson Inc generates $1.23 in operating cash flow ($547.1M OCF vs $444.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Matson Inc earns $73.5 in operating income for every $1 of interest expense ($499.8M vs $6.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Matson Inc generated $3.3B in revenue in fiscal year 2025. This represents a decrease of 2.3% from the prior year.
Matson Inc's EBITDA was $660.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.6% from the prior year.
Matson Inc reported $444.8M in net income in fiscal year 2025. This represents a decrease of 6.6% from the prior year.
Matson Inc earned $13.81 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 0.9% from the prior year.
Cash & Balance Sheet
Matson Inc generated $153.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 66.4% from the prior year.
Matson Inc held $141.9M in cash against $312.1M in long-term debt as of fiscal year 2025.
Matson Inc paid $1.40 per share in dividends in fiscal year 2025. This represents an increase of 6.1% from the prior year.
Matson Inc had 30M shares outstanding in fiscal year 2025. This represents a decrease of 7.4% from the prior year.
Margins & Returns
Matson Inc's operating margin was 14.9% in fiscal year 2025, reflecting core business profitability. This is down 1.2 percentage points from the prior year.
Matson Inc's net profit margin was 13.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.
Matson Inc's ROE was 16.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.8 percentage points from the prior year.
Capital Allocation
Matson Inc spent $303.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 52.3% from the prior year.
Matson Inc invested $393.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 26.9% from the prior year.
MATX Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $757.8M-11.0% | $851.9M-3.2% | $880.1M+6.0% | $830.5M+6.2% | $782.0M-12.2% | $890.3M-7.5% | $962.0M+13.5% | $847.4M |
| Cost of Revenue | $285.4M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $472.4M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $77.5M+0.6% | $77.0M+14.4% | $67.3M-9.5% | $74.4M-1.3% | $75.4M-6.7% | $80.8M+11.8% | $72.3M-6.2% | $77.1M |
| Operating Income | $61.4M-57.3% | $143.7M-10.7% | $161.0M+42.5% | $113.0M+37.6% | $82.1M-44.3% | $147.5M-39.1% | $242.3M+94.5% | $124.6M |
| Interest Expense | $1.6M0.0% | $1.6M-11.1% | $1.8M+5.9% | $1.7M0.0% | $1.7M+21.4% | $1.4M-22.2% | $1.8M-14.3% | $2.1M |
| Income Tax | $11.3M+43.0% | $7.9M-76.9% | $34.2M+26.7% | $27.0M+35.7% | $19.9M-34.1% | $30.2M-43.8% | $53.7M+79.6% | $29.9M |
| Net Income | $56.6M-60.4% | $143.1M+6.2% | $134.7M+42.2% | $94.7M+31.0% | $72.3M-43.5% | $128.0M-35.7% | $199.1M+75.9% | $113.2M |
| EPS (Diluted) | $1.85 | N/A | $4.24+45.2% | $2.92+33.9% | $2.18 | N/A | $5.89+77.9% | $3.31 |
MATX Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.6B-1.1% | $4.6B+0.7% | $4.6B+2.7% | $4.5B-1.0% | $4.5B-1.5% | $4.6B+3.4% | $4.4B+3.9% | $4.3B |
| Current Assets | $436.4M-7.5% | $471.9M+5.5% | $447.1M+5.3% | $424.5M-9.3% | $468.0M-23.2% | $609.6M-6.5% | $651.8M+19.3% | $546.2M |
| Cash & Equivalents | $100.1M-29.5% | $141.9M+53.1% | $92.7M+56.9% | $59.1M-51.6% | $122.0M-54.3% | $266.8M-1.3% | $270.3M+60.7% | $168.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $327.8M0.0% | $327.8M0.0% | $327.8M0.0% | $327.8M0.0% | $327.8M0.0% | $327.8M0.0% | $327.8M0.0% | $327.8M |
| Total Liabilities | $1.9B-1.3% | $1.9B-1.9% | $1.9B+2.6% | $1.9B-1.6% | $1.9B-2.6% | $1.9B+3.1% | $1.9B+0.5% | $1.9B |
| Current Liabilities | $529.9M+0.5% | $527.4M-2.4% | $540.6M-1.2% | $546.9M+0.1% | $546.4M-2.5% | $560.4M-3.0% | $577.7M-1.2% | $584.5M |
| Long-Term Debt | $302.2M-3.2% | $312.1M-2.9% | $321.5M-3.0% | $331.5M-2.8% | $340.9M-2.8% | $350.8M-2.6% | $360.2M-2.6% | $370.0M |
| Total Equity | $2.7B-1.0% | $2.8B+2.6% | $2.7B+2.7% | $2.6B-0.6% | $2.6B-0.7% | $2.7B+3.7% | $2.6B+6.6% | $2.4B |
| Retained Earnings | $2.4B-0.3% | $2.4B+2.4% | $2.4B+3.0% | $2.3B-0.8% | $2.3B-0.3% | $2.3B+3.8% | $2.3B+7.3% | $2.1B |
MATX Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $94.0M-46.9% | $176.9M+0.7% | $175.6M+66.3% | $105.6M+18.7% | $89.0M-49.1% | $174.7M-29.7% | $248.6M-19.3% | $307.9M |
| Capital Expenditures | $48.3M-64.1% | $134.7M+61.9% | $83.2M-3.6% | $86.3M-3.3% | $89.2M-28.9% | $125.4M+110.4% | $59.6M-14.6% | $69.8M |
| Free Cash Flow | $45.7M+8.3% | $42.2M-54.3% | $92.4M+378.8% | $19.3M+9750.0% | -$200K-100.4% | $49.3M-73.9% | $189.0M-20.6% | $238.1M |
| Investing Cash Flow | -$36.8M-26.0% | -$29.2M+44.9% | -$53.0M+1.9% | -$54.0M+58.3% | -$129.4M-1.6% | -$127.3M-63.8% | -$77.7M-7.8% | -$72.1M |
| Financing Cash Flow | -$99.0M-0.5% | -$98.5M-10.7% | -$89.0M+22.3% | -$114.5M-9.7% | -$104.4M-95.9% | -$53.3M+22.5% | -$68.8M+26.3% | -$93.4M |
| Dividends Paid | $11.0M-1.8% | $11.2M-1.8% | $11.4M+3.6% | $11.0M-2.7% | $11.3M0.0% | $11.3M-0.9% | $11.4M+3.6% | $11.0M |
| Share Buybacks | $52.8M-31.9% | $77.5M+18.5% | $65.4M-30.1% | $93.5M+39.8% | $66.9M+111.0% | $31.7M-33.0% | $47.3M-35.0% | $72.8M |
MATX Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 8.1%-8.8pp | 16.9%-1.4pp | 18.3%+4.7pp | 13.6%+3.1pp | 10.5%-6.1pp | 16.6%-8.6pp | 25.2%+10.5pp | 14.7% |
| Net Margin | 7.5%-9.3pp | 16.8%+1.5pp | 15.3%+3.9pp | 11.4%+2.2pp | 9.3%-5.1pp | 14.4%-6.3pp | 20.7%+7.3pp | 13.4% |
| Return on Equity | 2.1%-3.1pp | 5.2%+0.2pp | 5.0%+1.4pp | 3.6%+0.9pp | 2.8%-2.1pp | 4.8%-3.0pp | 7.8%+3.1pp | 4.7% |
| Return on Assets | 1.2%-1.9pp | 3.1%+0.2pp | 2.9%+0.8pp | 2.1%+0.5pp | 1.6%-1.2pp | 2.8%-1.7pp | 4.5%+1.8pp | 2.6% |
| Current Ratio | 0.82-0.1 | 0.89+0.1 | 0.83+0.1 | 0.78-0.1 | 0.86-0.2 | 1.09-0.0 | 1.13+0.2 | 0.93 |
| Debt-to-Equity | 0.110.0 | 0.110.0 | 0.120.0 | 0.130.0 | 0.130.0 | 0.130.0 | 0.14-0.0 | 0.15 |
| FCF Margin | 6.0%+1.1pp | 5.0%-5.5pp | 10.5%+8.2pp | 2.3%+2.4pp | -0.0%-5.6pp | 5.5%-14.1pp | 19.7%-8.5pp | 28.1% |
Note: The current ratio is below 1.0 (0.89), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Matson Inc's annual revenue?
Matson Inc (MATX) reported $3.3B in total revenue for fiscal year 2025. This represents a -2.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Matson Inc's revenue growing?
Matson Inc (MATX) revenue declined by 2.3% year-over-year, from $3.4B to $3.3B in fiscal year 2025.
Is Matson Inc profitable?
Yes, Matson Inc (MATX) reported a net income of $444.8M in fiscal year 2025, with a net profit margin of 13.3%.
What is Matson Inc's EBITDA?
Matson Inc (MATX) had EBITDA of $660.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Matson Inc have?
As of fiscal year 2025, Matson Inc (MATX) had $141.9M in cash and equivalents against $312.1M in long-term debt.
What is Matson Inc's operating margin?
Matson Inc (MATX) had an operating margin of 14.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Matson Inc's net profit margin?
Matson Inc (MATX) had a net profit margin of 13.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Matson Inc pay dividends?
Yes, Matson Inc (MATX) paid $1.40 per share in dividends during fiscal year 2025.
What is Matson Inc's return on equity (ROE)?
Matson Inc (MATX) has a return on equity of 16.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Matson Inc's free cash flow?
Matson Inc (MATX) generated $153.7M in free cash flow during fiscal year 2025. This represents a -66.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Matson Inc's operating cash flow?
Matson Inc (MATX) generated $547.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Matson Inc's total assets?
Matson Inc (MATX) had $4.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Matson Inc's capital expenditures?
Matson Inc (MATX) invested $393.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Matson Inc's current ratio?
Matson Inc (MATX) had a current ratio of 0.89 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Matson Inc's debt-to-equity ratio?
Matson Inc (MATX) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Matson Inc's return on assets (ROA)?
Matson Inc (MATX) had a return on assets of 9.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Matson Inc's Altman Z-Score?
Matson Inc (MATX) has an Altman Z-Score of 3.78, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Matson Inc's Piotroski F-Score?
Matson Inc (MATX) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Matson Inc's earnings high quality?
Matson Inc (MATX) has an earnings quality ratio of 1.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Matson Inc cover its interest payments?
Matson Inc (MATX) has an interest coverage ratio of 73.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Matson Inc?
Matson Inc (MATX) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.