MATX Financials Matson, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 7.0% per year over the past 5 years.
Net income has grown faster than revenue (18.2% vs 7.0% per year).
Operating margin has expanded, at 14.9% in the latest year.
Free cash flow has declined 47.5% per year over the past 5 years.

Financial health

Total debt ($401M) exceeds cash ($142M); net debt is $259M.
Total debt has grown slower than revenue (-13.3% vs 7.0% per year).
Operating income covered interest expense 74× in the latest year.
Total debt is 0.8× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 10.1% of earnings and 29.2% of free cash flow.
The dividend has grown 2.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$3.3B	$445M	0.0%	14.9%	$154M	$401M	$142M
2024	$3.4B	$476M	0.0%	16.1%	$458M	$441M	$267M
2023	$3.1B	$297M	0.0%	11.1%	$262M	$480M	$134M
2022	$4.3B	$1.1B	0.0%	31.2%	$1.1B	$594M	$250M
2021	$3.9B	$927M	0.0%	30.3%	—	$694M	$282M
2020	$2.4B	$193M	0.0%	11.8%	—	$819M	$14M
2019	$2.2B	$83M	0.0%	5.9%	—	$1.0B	$21M
2018	$2.2B	$109M	0.0%	7.4%	—	$899M	$20M
2017	$2.0B	$231M	0.0%	7.2%	-$82M	$857M	$20M
2016	$1.9B	$81M	0.0%	8.1%	-$22M	$739M	$14M
2015	—	$103M	—	—	$178M	$430M	$26M
2014	—	$71M	—	—	—	$374M	$293M
2013	—	$54M	—	—	—	$286M	$115M
2012	—	$46M	—	—	—	$319M	$20M
2011	—	$34M	—	—	$39M	$198M	$10M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$758M	$57M	0.0%	8.1%	$46M	$391M	$100M
Dec '25	$852M	$143M	0.0%	16.9%	$42M	$401M	$142M
Sep '25	$880M	$135M	0.0%	18.3%	$92M	$411M	$93M
Jun '25	$831M	$95M	0.0%	13.6%	$19M	$421M	$59M
Mar '25	$782M	$72M	0.0%	10.5%	-$200000	$431M	$122M
Dec '24	$890M	$128M	0.0%	16.6%	$49M	$441M	$267M
Sep '24	$962M	$199M	0.0%	25.2%	$189M	$450M	$270M
Jun '24	$847M	$113M	0.0%	14.7%	$238M	$460M	$168M
Mar '24	$722M	$36M	0.0%	5.1%	-$19M	$470M	$26M
Dec '23	$789M	$62M	0.0%	9.5%	—	$480M	$134M
Sep '23	$828M	$120M	0.0%	16.0%	—	$490M	$157M
Jun '23	$773M	$81M	0.0%	12.5%	—	$504M	$122M
Mar '23	$705M	$34M	0.0%	5.5%	—	$523M	$89M
Dec '22	$802M	$78M	0.0%	11.6%	—	$594M	$250M
Sep '22	$1.1B	$266M	0.0%	30.1%	—	$589M	$243M
Jun '22	$1.3B	$381M	0.0%	39.1%	—	$662M	$609M
Mar '22	$1.2B	$339M	0.0%	37.1%	—	$680M	$393M
Dec '21	$1.3B	$395M	0.0%	37.5%	—	$694M	$282M
Sep '21	$1.1B	$283M	0.0%	35.3%	—	$712M	$76M
Jun '21	$875M	$163M	0.0%	24.4%	—	$727M	$17M

Valuation over time

How the market has priced MATX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 1.7× (Mar '23) to 13.4× (Jun '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 1.8× (Jun '26).
The dividend yield has fallen from 2.7% (Mar '23) to 0.8% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MATX growing its revenue and profit?

Over the past 5 years, Matson, Inc.'s revenue has grown 7.0% per year, and net income grown 18.2% per year. These are computed facts, not advice.

How much debt does MATX have?

As of FY2025, Matson, Inc. reported $401M of total debt against $142M of cash; operating income covered interest expense 74×.

What is MATX's profit margin?

In FY2025, gross margin was —, operating margin 14.9%, and net margin 13.3%.

What is MATX's P/E ratio?

As of Jun '26, Matson, Inc. traded at a price-to-earnings ratio of about 13.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.