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Matson (MATX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Matson
NYSE•Industrials•Marine Shipping
$234.75-0.87(<0.01%)After hours
Market Cap
$7.09B
P/E
15.3x
P/S
2.1x
P/B
2.6x

Matson, Inc., together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The company offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia; and transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, household goods, livestock, seafood, general sustenance cargo, e-commerce related goods, garments, consumer electronics, footwear, retail merchandise, and other merchandise. It also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo, inland transportation, container equipment maintenance, and other terminal services on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska terminal locations of Anchorage, Kodiak, and Dutch Harbor. In addition, the company provides multimodal transportation brokerage of domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload (LCL), and expedited freight services; LCL consolidation and freight forwarding services; warehousing, trans-loading, value-added packaging and distribution services; purchase order management, booking services, and non-vessel operating common carrier freight forwarding services. It serves the U.S. military, freight forwarders and non-vessel owning common carriers, retailers and consumer goods manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

B

How this company scores

GoodMetricSide Score: 65/100

Strongest: Cash & Earnings Quality (20/25); weakest: Growth (8/25).

Profitability19/25
Growth8/25
Balance Sheet & Red Flags18/25
Cash & Earnings Quality20/25
Strengths
Rising free cash flowStrong marginsHigh ROELow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.3x5y range 3.6x – 15.3x
P/E 15.3x · above its 20-quarter median

Currently above its 20-quarter median.

P/S · 2.1x5y range 0.9x – 2.1x
P/S 2.1x · above its 20-quarter median

Currently above its 20-quarter median.

P/B · 2.6x5y range 1.2x – 4.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 9.4% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.5x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume
Market Cap $7.09B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$3.46B
0%
Q. Revenue
$969.40M
17%
TTM EBITDA
$672.40M
7%
TTM Op. Income
$525.00M
10%
Q. Op. Income
$158.90M
41%
TTM Net Income
$463.80M
6%
Q. Net Income
$129.40M
37%
EPS
$4.3
46%
Shares Out.
$30.10M
7Q
$3.46B in TTM revenue declined 0.2% YoY, reaching $969.40M last quarter. TTM EBITDA of $672.40M and TTM operating income of $525.00M show growth is flowing through to the bottom line. TTM net income of $463.80M means revenue is converting into profit. Over the past year, TTM revenue is down 0% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
90.7%
1%
EBITDA Margin
16.4%
20%
Op. Margin
16.4%
20%
Net Margin
13.3%
17%
Op. margin of 16.4% is up 2.8% YoY — cost efficiency is improving. Net margin at 13.3% and gross margin of 90.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 20% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
15.3x
4Q
P/S Ratio
2.1x
3Q
P/B Ratio
2.6x
3Q
At 15.3x P/E, the stock trades within typical market levels. P/S of 2.1x and P/B of 2.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$4.71B
5%
Cash
$119.30M
102%
Long-Term Debt
$292.70M
7Q
Book Value
$2.77B
6%
D/E Ratio
0.1
7Q
Debt/EBITDA
1.8
37%
With $4.71B in assets and $292.70M in long-term debt, D/E is 0.1and book value is $2.77B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$137.60M
30%
TTM Free Cash Flow
$310.50M
3Q
FCF Margin
9.0%
3Q
FCF / Net Income
0.7
3Q
TTM FCF of $310.50M on $137.60M in operating cash flow. The FCF / Net Income ratio of 0.7x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.

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· above its 20-quarter median

Currently above its 20-quarter median.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Watch for further erosion.