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MARKETS / NYSE / Industrials / Water transportation / MATX
NYSE · WATER TRANSPORTATION · LARGE CAP

Matson, Inc. MATX

18 fiscal years on record · USD · FY2025 reported · SEC filings only
12 YEARS OF DIVIDEND GROWTH
$3.3B
▼ 2.3% YoY
$444.8M
▼ 6.6% YoY
$153.7M
▼ 66.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Matson, Inc. provides ocean transportation and logistics services. As of December 31, 2025, Matson had 4,170 employees worldwide, of which 161 were based in international locations and 2,843 were covered by collective bargaining agreements with unions. The Company consists of two segments, Ocean Transportation and Logistics. Ocean Transportation, conducted through MatNav, provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia. The Company's 10 largest Ocean Transportation customers account for approximately 19 percent of its Ocean Transportation revenue. Logistics, conducted through Matson Logistics, extends the geographic reach of Matson's transportation network throughout North America and Asia, providing multimodal transportation brokerage, less-than-container-load consolidation and freight forwarding, warehousing, trans-loading and distribution, and supply chain management services. MatNav was founded in 1882.

Written from the business description in Matson, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.3B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.3 · Net income 0.4
2B4B
2008201120142017202020232025
Compound annual growth
−8.3%
+7.0%
+5.9%
+6.1%
−25.2%
+18.2%
+15.8%
+11.1%
−20.1%
+25.5%
+19.4%
+13.0%
+4.7%
+9.2%
+7.2%
+0.7%
−7.9%
+54.8%
+26.4%
+13.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.0% a year over the five years to FY2025 — but profit grew faster: net income at +18.2%, earnings per share at +25.5%.

The share count fell from 0.04B to 0.03B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 14.9% · Net 13.3%
5%10%15%
200820162025
ROE
FY2025 · ROE 16.4%
20%40%60%
200820162025
Three returns, three denominators.
Gross margin114.8%
Operating margin14.9%
Net margin13.3%
EBITDAUSD 647.2M

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders

USD 348.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.2
0.5B1.0B
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 44.9 · Net buybacks 303.3
200M400MDividendsNet buybacks
2008201120142017202020232025
Dividends paidUSD 44.9M
Net buybacksUSD 303.3M
Share of profit78.3%
Consecutive raises12 years

USD 44.9M in dividends and USD 303.3M in buybacks — 78% of the year's profit went back to shareholders.

Total assetsUSD 4.6B
EquityUSD 2.8B
CashUSD 141.9M
Gross debtUSD 351.8M
Net debtUSD 209.9M
Current ratio0.89×

Net debt stands at 8% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
MATX, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B3.33.43.14.33.92.42.22.22.01.91.91.71.61.61.51.41.41.9
Operating income $B0.50.60.31.41.20.30.10.20.10.20.20.10.10.10.10.10.00.1
EBITDA $B0.60.70.51.51.30.40.20.30.20.30.30.20.20.20.20.20.10.2
Income tax $B0.10.10.10.30.20.10.00.0−0.10.00.10.10.00.00.00.00.00.1
Net income $B0.40.50.31.10.90.20.10.10.20.10.10.10.10.00.00.10.00.1
Free cash flow $B0.20.50.31.1◌◌◌◌−0.1−0.00.20.10.20.10.10.10.10.2
EPS, diluted $13.8113.938.3227.0721.474.441.912.535.351.872.341.631.251.080.812.221.083.19
Dividend / sh $1.401.321.261.221.060.900.860.820.780.740.700.660.620.931.261.261.261.23
Payout %10915552045321540304150861555711839
ROE %16.418.912.653.770.621.910.615.239.417.225.320.217.46.53.08.34.112.3
Shares out B0.030.030.030.040.040.040.040.040.040.040.040.040.040.040.040.040.04◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityWater Transportation
Listed onNYSE
Incorporated inHawaii
Fiscal year endsDecember 31
Data on record since2008

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