FY2025 · ended Dec 31, 2025 · Revenue $3.34B, -2.3% YoY · Filed Feb 27, 2026
Matson, Inc. (MATX) files with the SEC under industry code 4400, Water Transportation. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $3.3 billion and net income of $444.8 million. Free cash flow was $153.7 million. As of Sep 30, 2026 it held $221.9 million in cash and investments and $747.1 million in total debt.
Revenue (TTM)
$3.69B
+9.2% vs year-ago TTM
Net income (TTM)
$538.50M
+25.3% vs year-ago TTM
Operating cash flow (TTM)
$637.50M
+17.0% vs year-ago TTM
Free cash flow
$153.70M
-66.4% vs prior year
EPS (TTM)
$17.58
+34.1% vs year-ago TTM
Dividend per share
$1.40
+6.1% vs prior year
Shares outstanding
30.44M
-7.4% vs prior year
Net cash
$-525.20M
as of Sep 30, 2026
Operating margin
16.8%
FY 2026
Company profile
- Industry
- Water Transportation (SIC 4400)
- Listed as
- MATX (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- HI
- Headquarters
- Honolulu, HI
- SEC filer status
- Large accelerated filer
- SEC CIK
- 3453
- Former names
- Matson, Inc. (until Nov 5, 2026); ALEXANDER & BALDWIN INC (until Jun 25, 2012)
Other Water Transportation companies
- Royal Caribbean Cruises Ltd RCL
- Carnival Corp Ltd. CCL
- Viking Holdings Ltd VIK
- Norwegian Cruise Line Holdings Ltd. NCLH
- Kirby Corp KEX
- International Seaways, Inc. INSW
- Golar LNG Ltd GLNG
- Tidewater Inc TDW
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.4B | $3.1B | $4.3B | $3.9B |
| Operating income | $499.8M | $551.3M | $342.8M | $1.4B | $1.2B |
| Net income | $444.8M | $476.4M | $297.1M | $1.1B | $927.4M |
| Diluted EPS | $13.81 | $13.93 | $8.32 | $27.07 | $21.47 |
| Operating cash flow | $547.1M | $767.8M | $510.5M | $1.3B | $984.1M |
| Free cash flow | $153.7M | $457.7M | — | — | — |
| Total assets | $4.6B | $4.6B | $4.3B | $4.3B | $3.7B |
| Stockholders' equity | $2.8B | $2.7B | $2.4B | $2.3B | $1.7B |
| Cash and investments | $141.9M | $266.8M | $134.0M | $249.8M | $282.4M |
| Total debt | $776.2M | $799.1M | $776.3M | $1.0B | $1.1B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 5, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 4, 2026 | Nov 4, 2026 |
| 10-Q | Quarterly report | Aug 4, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 3, 2026 | Aug 3, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 15, 2026 | Jul 15, 2026 |
| 10-Q | Quarterly report | May 5, 2026 | Mar 31, 2026 |
All 1002 Matson, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.