Matson, Inc. (MATX) Stock Analysis
Industrials · Marine Shipping · NYSE
Matson, Inc. (MATX) posted $3.34B in revenue for fiscal 2025 (down 2.3% year over year), at a 13.3% net margin, and has compounded revenue about 7.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Matson, Inc.
Matson, Inc. has grown revenue from $1.94B to $3.34B over the last 10 fiscal years, compounding about 7% a year. The most recent year was down 2.3%, so growth has cooled from its longer-run pace.
Net margin sits at 13.3%, down 0.6 points year over year. It carries about $400.90M of total debt.
At today's valuation the market is pricing in roughly 16.5% annual free-cash-flow growth. The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Matson, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Matson, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $81.40M | $231.00M | $109.00M | $82.70M | $193.10M | $927.40M | $1.06B | $297.10M | $476.40M | $444.80M |
| Net margin | 4.2% | 11.3% | 4.9% | 3.8% | 8.1% | 23.6% | 24.5% | 9.6% | 13.9% | 13.3% |
Source: Matson, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
Matson, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 24.5% to 13.3% over ~3 years — profitability is compressing.
What growth is priced into MATX stock?
At today's market cap of $5.85B, Matson, Inc. is priced for free-cash-flow growth of about 16.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $153.70M from the FY ending 2025-12-31). For comparison, revenue 7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Matson, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Matson, Inc. financial history by metric
Compare Matson, Inc. with peers
About Matson, Inc.
Matson, Inc., together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The company offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia; and transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, household goods, livestock, seafood, general sustenance cargo, e-commerce related goods, garments, consumer electronics, footwear, retail merchandise, and other merchandise. It also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo, inland transportation, container equipment maintenance, and other terminal services on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska terminal locations of Anchorage, Kodiak, and Dutch Harbor. In addition, the company provides multimodal transportation brokerage of domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload (LCL), and expedited freight services; LCL consolidation and freight forwarding services; warehousing, trans-loading, value-added packaging and distribution services; purchase order management, booking services, and non-vessel operating common carrier freight forwarding services. It serves the U.S. military, freight forwarders and non-vessel owning common carriers, retailers and consumer goods manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.
Matson, Inc. — frequently asked questions
What is Matson, Inc.'s revenue?
Matson, Inc. (MATX) reported revenue of $3.34B for fiscal year 2025, down 2.3% from the prior year, according to its SEC filings.
Is Matson, Inc. profitable?
Yes. MATX earned net income of $444.80M in fiscal 2025, a net margin of 13.3%.
What is MATX's P/E ratio?
Matson, Inc. trades at a price-to-earnings ratio of about 14.3 based on the latest data in our nightly-refreshed cache.
How fast is Matson, Inc. growing?
MATX's revenue grew at roughly 7.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Matson, Inc. have?
As of fiscal year 2025, MATX carried roughly $400.90M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Matson, Inc.'s market cap?
Matson, Inc. (MATX) has a market capitalization of about $5.85B, based on the latest data in our nightly-refreshed cache.
When does Matson, Inc.'s fiscal year end?
MATX's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into MATX stock?
At today's market cap of $5.85B, Matson, Inc. is priced for free-cash-flow growth of about 16.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $153.70M from the FY ending 2025-12-31). For comparison, revenue 7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Matson, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.