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Stocks · Industrials · Water Transportation

Matson, Inc.

MATX Clue Score46
United States Fiscal year ends December CIK 0000003453
$225.67 -0.93% Close, 9 Oct 2026
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Price $225.67 +172.98% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,941.6Operating income156.7Net income81.4EPS, diluted1.87Fiscal year 2017Revenue2,046.9 +5.4%Operating income147.3Net income231.0 +183.8%EPS, diluted5.35 +186.1%Fiscal year 2018Revenue2,222.8 +8.6%Operating income163.8Net income109.0 −52.8%EPS, diluted2.53 −52.7%Fiscal year 2019Revenue2,203.1 −0.9%Operating income129.1Net income82.7 −24.1%EPS, diluted1.91 −24.5%Fiscal year 2020Revenue2,383.3 +8.2%Operating income280.3Net income193.1 +133.5%EPS, diluted4.44 +132.5%Fiscal year 2021Revenue3,925.3 +64.7%Operating income1,187.5Net income927.4 +380.3%EPS, diluted21.47 +383.6%Fiscal year 2022Revenue4,343.0 +10.6%Operating income1,353.6Net income1,063.9 +14.7%EPS, diluted27.07 +26.1%Fiscal year 2023Revenue3,094.6 −28.7%Operating income342.8Net income297.1 −72.1%EPS, diluted8.32 −69.3%Fiscal year 2024Revenue3,421.8 +10.6%Operating income551.3Net income476.4 +60.4%EPS, diluted13.93 +67.4%Fiscal year 2025Revenue3,344.5 −2.3%Operating income499.8Net income444.8 −6.6%EPS, diluted13.81 −0.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,941.6 2,046.9 2,222.8 2,203.1 2,383.3 3,925.3 4,343.0 3,094.6 3,421.8 3,344.5
Growth +5.4% +8.6% −0.9% +8.2% +64.7% +10.6% −28.7% +10.6% −2.3%
Operating income 156.7 147.3 163.8 129.1 280.3 1,187.5 1,353.6 342.8 551.3 499.8
Net income 81.4 231.0 109.0 82.7 193.1 927.4 1,063.9 297.1 476.4 444.8
Growth +183.8% −52.8% −24.1% +133.5% +380.3% +14.7% −72.1% +60.4% −6.6%
EPS, diluted 1.87 5.35 2.53 1.91 4.44 21.47 27.07 8.32 13.93 13.81
Growth +186.1% −52.7% −24.5% +132.5% +383.6% +26.1% −69.3% +67.4% −0.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin8.1%Net margin4.2%Free cash flow margin−1.1%Fiscal year 2017Operating margin7.2%Net margin11.3%Free cash flow margin−4.0%Fiscal year 2018Operating margin7.4%Net margin4.9%Fiscal year 2019Operating margin5.9%Net margin3.8%Fiscal year 2020Operating margin11.8%Net margin8.1%Fiscal year 2021Operating margin30.3%Net margin23.6%Fiscal year 2022Operating margin31.2%Net margin24.5%Free cash flow margin24.5%Fiscal year 2023Operating margin11.1%Net margin9.6%Free cash flow margin8.5%Fiscal year 2024Operating margin16.1%Net margin13.9%Free cash flow margin13.4%Fiscal year 2025Operating margin14.9%Net margin13.3%Free cash flow margin4.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 8.1% 7.2% 7.4% 5.9% 11.8% 30.3% 31.2% 11.1% 16.1% 14.9%
Net margin 4.2% 11.3% 4.9% 3.8% 8.1% 23.6% 24.5% 9.6% 13.9% 13.3%
Free cash flow margin −1.1% −4.0% n/a n/a n/a n/a 24.5% 8.5% 13.4% 4.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow157.8Capital expenditure−179.4Free cash flow−21.6Buybacks−38.0Dividends paid−32.2Fiscal year 2017Operating cash flow224.9Capital expenditure−307.0Free cash flow−82.1Buybacks−19.3Dividends paid−33.8Fiscal year 2018Operating cash flow305.0Dividends paid−35.4Fiscal year 2019Operating cash flow248.8Dividends paid−37.2Fiscal year 2020Operating cash flow429.8Dividends paid−39.2Fiscal year 2021Operating cash flow984.1Buybacks−198.3Dividends paid−45.9Fiscal year 2022Operating cash flow1,271.9Capital expenditure−209.3Free cash flow1,062.6Buybacks−397.0Dividends paid−48.0Fiscal year 2023Operating cash flow510.5Capital expenditure−248.4Free cash flow262.1 −75.3%Buybacks−155.2Dividends paid−45.0Fiscal year 2024Operating cash flow767.8Capital expenditure−310.1Free cash flow457.7 +74.6%Buybacks−199.1Dividends paid−44.8Fiscal year 2025Operating cash flow547.1Capital expenditure−393.4Free cash flow153.7 −66.4%Buybacks−303.3Dividends paid−44.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 157.8 224.9 305.0 248.8 429.8 984.1 1,271.9 510.5 767.8 547.1
Capital expenditure −179.4 −307.0 n/a n/a n/a n/a −209.3 −248.4 −310.1 −393.4
Free cash flow −21.6 −82.1 n/a n/a n/a n/a 1,062.6 262.1 457.7 153.7
Growth −75.3% +74.6% −66.4%
Buybacks −38.0 −19.3 n/a n/a n/a −198.3 −397.0 −155.2 −199.1 −303.3
Dividends paid −32.2 −33.8 −35.4 −37.2 −39.2 −45.9 −48.0 −45.0 −44.8 −44.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash13.9Total debt738.9Net cash (debt)−725.0Shareholders’ equity494.9Debt to equity1.49Fiscal year 2017Cash19.8Total debt857.1Net cash (debt)−837.3Shareholders’ equity677.2Debt to equity1.27Fiscal year 2018Cash19.6Total debt856.4Net cash (debt)−836.8Shareholders’ equity755.3Debt to equity1.13Fiscal year 2019Cash21.2Total debt958.4Net cash (debt)−937.2Shareholders’ equity805.7Debt to equity1.19Fiscal year 2020Cash14.4Total debt744.8Net cash (debt)−730.4Shareholders’ equity961.2Debt to equity0.77Fiscal year 2021Cash282.4Total debt614.7Net cash (debt)−332.3Shareholders’ equity1,667.4Debt to equity0.37Fiscal year 2022Cash249.8Total debt504.6Net cash (debt)−254.8Shareholders’ equity2,296.9Debt to equity0.22Fiscal year 2023Cash134.0Total debt429.0Net cash (debt)−295.0Shareholders’ equity2,400.7Debt to equity0.18Fiscal year 2024Cash266.8Total debt390.5Net cash (debt)−123.7Shareholders’ equity2,652.0Debt to equity0.15Fiscal year 2025Cash141.9Total debt351.8Net cash (debt)−209.9Shareholders’ equity2,759.0Debt to equity0.13
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 13.9 19.8 19.6 21.2 14.4 282.4 249.8 134.0 266.8 141.9
Total debt 738.9 857.1 856.4 958.4 744.8 614.7 504.6 429.0 390.5 351.8
Net cash (debt) −725.0 −837.3 −836.8 −937.2 −730.4 −332.3 −254.8 −295.0 −123.7 −209.9
Shareholders’ equity 494.9 677.2 755.3 805.7 961.2 1,667.4 2,296.9 2,400.7 2,652.0 2,759.0
Debt to equity 1.49 1.27 1.13 1.19 0.77 0.37 0.22 0.18 0.15 0.13

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,941.6 2,046.9 2,222.8 2,203.1 2,383.3 3,925.3 4,343.0 3,094.6 3,421.8 3,344.5
Growth +5.4% +8.6% −0.9% +8.2% +64.7% +10.6% −28.7% +10.6% −2.3%
183.1 206.8 220.8 216.8 225.0 236.5 261.0 283.3 303.6 294.1
156.7 147.3 163.8 129.1 280.3 1,187.5 1,353.6 342.8 551.3 499.8
Growth −6.0% +11.2% −21.2% +117.1% +323.7% +14.0% −74.7% +60.8% −9.3%
130.5 125.2 147.7 107.8 259.0 1,171.3 1,352.3 373.0 599.4 533.8
49.1 −105.8 38.7 25.1 65.9 243.9 288.4 75.9 123.0 89.0
81.4 231.0 109.0 82.7 193.1 927.4 1,063.9 297.1 476.4 444.8
Growth +183.8% −52.8% −24.1% +133.5% +380.3% +14.7% −72.1% +60.4% −6.6%
Per share
1.89 5.38 2.55 1.93 4.48 21.67 27.28 8.42 14.14 13.99
1.87 5.35 2.53 1.91 4.44 21.47 27.07 8.32 13.93 13.81
Growth +186.1% −52.7% −24.5% +132.5% +383.6% +26.1% −69.3% +67.4% −0.9%
43.1 42.9 42.7 42.8 43.1 42.8 39.0 35.3 33.7 31.8
43.5 43.2 43.0 43.3 43.5 43.2 39.3 35.7 34.2 32.2
Growth −0.7% −0.5% +0.7% +0.5% −0.7% −9.0% −9.2% −4.2% −5.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.0% a year over five years, and earnings per share grew 25.5% a year.
  • The diluted share count fell 26.0% in five years, so buybacks did some of the work per share.
  • Operating margin is up 3.2 points on five years ago, at 14.9%.
  • Profitable in every one of the 10 years on file.