MATX
Matson, Inc.
Next earnings Jul 29, 2026 · consensus $3.72 EPS, $902M rev
Last earnings -1.6% on 2026-05-04
$194.49
▼ -0.96%$194.49▲ +78.93%
over 1Y
L $87.40EODHDH $201.94
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-1.0%
1W-1.2%
1M+5.6%
3M+23.3%
YTD+57.9%
1Y+78.9%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 9 analysts
Strong Buy
Jones Act shipping franchise with protected lanes, debt-light balance sheet and heavy buybacks holding EPS flat at a cheap 13.8x.
The read
The fundamentals carry the rating, but the price is rich (~40% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Matson operates protected Jones Act ocean-transportation lanes (Hawaii, Alaska, Guam) plus expedited China services and a logistics segment, giving it a structurally defensible niche in U.S. domestic shipping. FY2025 was a normalization year against the pandemic super-cycle: revenue eased 2.3% to $3.34B and net income declined 6.6% to $445M, but that is well off the unsustainable 2022 peak ($4.34B revenue, $1.06B net income) and roughly in line with the steadier $476M earned in FY2024. Ocean Transportation generated $455.6M of operating income and Logistics $44.2M. Margins remain healthy (14.9% operating, 13.3% net) and ROE is a solid 16.1%.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.93B | $4.34B | $3.09B | $3.42B | $3.34B |
| Gross profit | — | — | — | — | — |
| Operating income | $1.19B | $1.35B | $343M | $551M | $500M |
| Net income | $927M | $1.06B | $297M | $476M | $445M |
| Diluted EPS | $21.47 | $27.07 | $8.32 | $13.93 | $13.81 |
| Net margin | 23.6% | 24.5% | 9.6% | 13.9% | 13.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.13B
EV / EBITDA10.0
EV / Sales1.8
EV / FCF39.9
P / FCF38.5
PEG (trailing)—
Earnings yield7.5%
FCF yield2.6%
Quality & risk
ROIC (est.)12.7%
Free cash flow$154M
Total debt$352M
Net cash-$210M
Piotroski F-Score5/8
Capital returns
Buyback yield5.1%
Dividend yield (est.)0.8%
Shareholder yield5.9%
Shares Δ YoY-7.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-092026-06-11open ↗4Period ending 2026-06-082026-06-09open ↗4Period ending 2026-06-082026-06-09open ↗144Filing2026-06-08open ↗144Filing2026-06-08open ↗4Period ending 2026-05-282026-05-29open ↗144Filing2026-05-28open ↗4Period ending 2026-05-202026-05-21open ↗144Filing2026-05-20open ↗4Period ending 2026-05-142026-05-15open ↗4Period ending 2026-05-142026-05-15open ↗4Period ending 2026-05-122026-05-14open ↗
Frequently asked
- Is Matson, Inc. (MATX) a buy?
- MATX currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Jones Act shipping franchise with protected lanes, debt-light balance sheet and heavy buybacks holding EPS flat at a cheap 13.8x.
- What is MATX's fair value?
- A Modified-Graham model based on MATX's SEC fundamentals estimates a fair value of about $117.39. It is an estimate from reported earnings, not a price target.
- Is MATX overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, MATX currently appears overvalued relative to its SEC-grounded earnings power.
- What is Matson, Inc.'s quality score?
- MATX scores 69.68627450980391/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000003453, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/21/2026, 8:55:26 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.