analyzeportfolio
NYSE · Industrials

Matson, Inc. (MATX)

As-reported financials and SEC filings for Matson, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Matson, Inc.

Matson, Inc. provides ocean transportation and logistics services. The company operates in two main segments: ocean transportation and logistics services, serving customers who require shipping and supply chain solutions. It offers container shipping, terminal operations, and related logistics services primarily in the Pacific region.

Snapshot

Revenue
$3.34B
Revenue growth (YoY)
-2.3%
Net income
$444.8M
Diluted EPS
$13.81
Gross margin
—
Operating margin
14.9%
Net margin
13.3%
FCF margin
4.6%
ROE
16.1%
net income / fiscal-year-end equity
P/E
15.8×
trailing when available, otherwise FY EPS
Market cap
$7.08B
Long-term debt / equity
0.11×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Matson

  • Revenue fell 2.3% to $3.3B in FY2025, slower than the 10.6% the year before.
  • Operating margin is 14.9% in FY2025, -15.3 pp against 30.3% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $969M, up 16.7% from Q2 FY2025.
  • Free cash flow was $154M in FY2025, 4.6% of revenue.
  • Net income fell 6.6% to $445M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Matson’s fundamentals sit among the 668 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin14.9%
77th percentile of 598
Net margin13.3%
82nd percentile of 630
FCF margin4.6%
48th percentile of 546
Revenue growth (YoY)-2.3%
27th percentile of 652
ROE16.1%
75th percentile of 590
P/E15.8×
28th percentile of 406
Long-term debt / equity0.11×
18th percentile of 403
Short interest4.47d
68th percentile of 661

No reported insider purchases (code P) in the last 90 days; 21 insider sales totaling $9.6M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
6
5 trimmed, 1 exited
Combined position
$115.1M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$60.3M313.8KAdded
Citadel AdvisorsquantQ2 2026$21.6M112.3KReduced
D. E. ShawquantQ2 2026$12.3M63.9KReduced
AQR Capital ManagementquantQ2 2026$9.5M49.6KReduced
Two Sigma InvestmentsquantQ2 2026$6.9M35.8KReduced
Bridgewater AssociatesQ2 2026$4.1M21.3KAdded
Gotham Asset ManagementQ2 2026$434,0552.3KReduced

No longer held by: Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
21
$9.6M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-29
filed 2026-10-01
Matthew J. CoxChairman & CEOSell6.0K$222.73$1.3M
2026-09-29
filed 2026-10-01
Matthew J. CoxChairman & CEOSell2.5K$221.52$553K
2026-09-29
filed 2026-10-01
Matthew J. CoxChairman & CEOSell752$223.72$168K
2026-09-29
filed 2026-10-01
Matthew J. CoxChairman & CEOSell705$220.32$155K
2026-08-28
Matthew J. CoxChairman & CEOSell6.1K$223.22$1.4M
2026-08-28
Matthew J. CoxChairman & CEOSell3.4K$223.91$771K
2026-08-28
Matthew J. CoxChairman & CEOSell442$225.05$99K
2026-08-24
Vic S. Angoco Jr.Executive Vice PresidentSell1.0K$221.98$231K
2026-08-24
Vic S. Angoco Jr.Executive Vice PresidentSell670$222.81$149K
2026-08-24
Vic S. Angoco Jr.Executive Vice PresidentSell582$224.09$130K
2026-08-19
filed 2026-08-20
Peter T. HeilmannEVP, Chief Admin. Officer & GCSell5.0K$220.15$1.1M
2026-08-19
filed 2026-08-20
Christopher A. ScottEVP & Chief Commercial OfficerSell600$219.90$132K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.5M
settled 2026-09-30
Change vs prior
+8.9%
vs previous settlement
Days to cover
4.47
at avg daily volume
Avg daily volume
341.2K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-301.5M+8.9%4.47
2026-09-151.4M+26.8%4.92
2026-08-311.1M+3.5%5.02
2026-08-141.1M+9.8%3.27
2026-07-31972.7K+7.5%3.08
2026-07-15904.6K+1.9%2.71
2026-06-30888.0K-10.3%2.58
2026-06-15989.6K+6.0%3.85

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$3.34B$3.42B$3.09B$4.34B$3.93B
Gross profit—————
Operating income$499.8M$551.3M$342.8M$1.35B$1.19B
Net income$444.8M$476.4M$297.1M$1.06B$927.4M
Diluted EPS$13.81$13.93$8.32$27.07$21.47

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$141.9M$266.8M$134.0M$249.8M$282.4M
Current assets$471.9M$609.6M$602.3M$759.6M$704.5M
Total assets$4.64B$4.60B$4.29B$4.33B$3.69B
Current liabilities$527.4M$560.4M$562.3M$581.6M$612.4M
Long-term debt$312.1M$350.8M$389.3M$427.7M$549.7M
Total liabilities
Total equity$2.76B$2.65B$2.40B$2.30B$1.67B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$547.1M$767.8M$510.5M$1.27B$984.1M
Capital expenditure$393.4M$310.1M$248.4M$209.3M—
Free cash flow—

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$969.4M16.7%$129.4M$4.27
Q1 FY2026$757.8M-3.1%$56.6M$1.85
Q4 FY2025-4.3%
Q3 FY2025$880.1M-8.5%$134.7M$4.24
Q2 FY2025$830.5M-2.0%$94.7M$2.92
Q1 FY2025$782.0M8.3%$72.3M$2.18
Q4 FY202412.9%
Q3 FY2024$962.0M16.3%$199.1M$5.89

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryWater Transportation
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2017
SEC CIK3453

Selected SEC filings

10-Q2026-08-04
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-07-15
View on EDGAR →
8-K2026-05-04
View on EDGAR →
8-K2026-04-27
View on EDGAR →

Largest Industrials peers

All Industrials companies →

Monitor MATX

Get an alert when Matson files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor MATX free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.