Matson, Inc. (MATX) Financial Statements
Industry: Water Transportation
In fiscal 2025, Matson reported revenue of $3.34B, down 2.3% from $3.42B the year before. Net income was $444.8M (a 13.3% net margin), or $13.81 per diluted share. Gross margin was 14.9% and operating margin was 14.9%. Operating activities generated $547.1M of cash, leaving $153.7M of free cash flow. At fiscal year end, Matson held $4.64B in total assets against $1.88B in total liabilities, including $141.9M of cash and equivalents.
Open the full interactive Matson financials → Quarterly statements, key ratios, valuation history and price charts.
Matson Key Stats
| Share Price | $235.22 |
|---|---|
| Market Cap | $7.13B |
| P/E Ratio | 17.0 |
| Revenue YoY Growth | -2.3% |
| 52-Week Range | $89.28 – $238.60 |
| Shares Outstanding | 30.1 million (basic, 2026 Q2) |
Matson Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.38B | $3.93B | $4.34B | $3.09B | $3.42B | $3.34B |
| Cost of Goods Sold | $2.10B | $2.74B | $2.99B | $2.75B | $2.87B | $2.84B |
| Gross Profit | $280.3M | $1.19B | $1.35B | $342.8M | $551.3M | $499.8M |
| Operating Income | $280.3M | $1.19B | $1.35B | $342.8M | $551.3M | $499.8M |
| Pre-Tax Income | $259.0M | $1.17B | $1.35B | $373.0M | $599.4M | $533.8M |
| Income Tax | $65.9M | $243.9M | $288.4M | $75.9M | $123.0M | $89.0M |
| Net Income | $193.1M | $927.4M | $1.06B | $297.1M | $476.4M | $444.8M |
| Diluted EPS | $4.44 | $21.47 | $27.07 | $8.32 | $13.93 | $13.81 |
Matson Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $880.1M | $851.9M | $757.8M | $969.4M |
| Net Income | $134.7M | $143.1M | $56.6M | $129.4M |
| Diluted EPS | $4.24 | $4.44 | $1.85 | $4.27 |
Matson Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.4M | $282.4M | $249.8M | $134.0M | $266.8M | $141.9M |
| Current Assets | $305.9M | $704.5M | $759.6M | $602.3M | $609.6M | $471.9M |
| Total Assets | $2.90B | $3.69B | $4.33B | $4.29B | $4.60B | $4.64B |
| Current Liabilities | $511.5M | $612.4M | $581.6M | $562.3M | $560.4M | $527.4M |
| Total Long-Term Debt | $744.8M | $614.7M | $504.6M | $429.0M | $390.5M | $351.8M |
| Total Liabilities | $1.94B | $2.03B | $2.03B | $1.89B | $1.94B | $1.88B |
| Shareholders' Equity | $961.2M | $1.67B | $2.30B | $2.40B | $2.65B | $2.76B |
Matson Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $429.8M | $984.1M | $1.27B | $510.5M | $767.8M | $547.1M |
| Cash From Investing | -$177.0M | -$323.4M | -$729.3M | -$338.2M | -$336.1M | -$265.6M |
| Cash From Financing | -$261.5M | -$392.7M | -$576.6M | -$289.7M | -$301.2M | -$406.4M |
| Free Cash Flow | — | — | — | — | $457.7M | $153.7M |
Figures from Matson's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Matson financials page for every line item.
Matson Company Profile
| Ticker | MATX |
|---|---|
| Exchange | NYSE |
| Industry | Water Transportation |
| Headquarters | Honolulu, Hawaii |
| Incorporated in | Hawaii |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000003453 |
Frequently Asked Questions
What was Matson's revenue in fiscal 2025?
Matson (MATX) reported revenue of $3.34B for fiscal 2025.
What is Matson's annual revenue history?
Matson's annual revenue by fiscal year: 2020: $2.38B; 2021: $3.93B; 2022: $4.34B; 2023: $3.09B; 2024: $3.42B; 2025: $3.34B.
What was Matson's net income in fiscal 2025?
Matson reported net income of $444.8M for fiscal 2025.
What was Matson's earnings per share (EPS) in fiscal 2025?
Matson's diluted EPS was $13.81 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Matson generate in fiscal 2025?
Matson generated $153.7M of free cash flow in fiscal 2025.
What was Matson's revenue last quarter?
In its most recent reported quarter (2026 Q2), Matson reported revenue of $969.4M.
How much debt does Matson have?
Matson reported $351.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Matson are outstanding?
Matson reported a weighted average of 30.1 million basic shares outstanding in 2026 Q2.
What is Matson's market cap?
Based on its latest closing price, Matson (MATX) has a market capitalization of about $7.13B.
When does Matson's fiscal year end?
Matson's fiscal year end, as registered with the SEC, is December 31.
Where is Matson headquartered?
Matson lists its business address in Honolulu, Hawaii in its SEC filings.