Matson, Inc. (MATX) AI Stock Analysis

Established in 1882 and based in Honolulu, Hawaii, Matson, Inc. delivers ocean transportation and logistics solutions through two main operating segments: Ocean Transportation and Logistics. The Ocean Transportation segment provides freight shipping services to Hawaii, Alaska, Guam, and Micronesian islands, handling dry containers, refrigerated goods, automobiles, building materials, and retail merchandise. It also runs expedited routes connecting China to Long Beach, California, and various South Pacific destinations. The Logistics segment provides multimodal transportation brokerage, including domestic and international rail intermodal, long-haul and regional trucking, warehousing, supply chain management, and freight forwarding. The company serves retailers, consumer goods manufacturers, automobile firms, and the U.S. military.

Over a five-year period from FY2020 to FY2025, Matson generated a revenue compound annual growth rate of 7.0%. Annual revenue reached $4.34B in FY2022 with net income of $1.06B, before normalizing to $3.09B in FY2023. In FY2024, revenue climbed 10.6% to $3.42B with net income of $476.4M, then dipped 2.3% in FY2025 to $3.34B with net income of $444.8M and diluted EPS of $13.94. Gross margin stood at 22.8% and operating margin was 14.0% in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue grew 16.7% year-over-year, while quarterly earnings expanded 46.2%.

As of June 30, 2026, Matson held $119.3M in cash and short-term investments against total debt of $716.4M, resulting in net debt of $597.1M. Shareholders' equity was $2.77B, with a debt-to-equity ratio of 0.26 and a current ratio of 0.89. In FY2025, operating cash flow was $545.0M and free cash flow was $153.7M. Capital allocation in FY2025 included $393.4M in capital expenditures, $303.3M used for share buybacks, and $44.9M in dividends paid. Its share count has decreased 27.9% over five years.

At a last close of $234.99, Matson carries a market cap of $7.03B and an enterprise value of $7.23B. The stock trades at a trailing P/E of 15.8x, below the 24.8x median of its US-listed Industrials peers, while its forward P/E of 19.2x sits above the peer median of 17.2x. Its enterprise value to EBITDA ratio is 8.4x compared to the peer median of 13.9x, and its price-to-sales multiple is 2.0x versus the 1.5x peer median. Matson's 1-year return of 152.7% and 5-year return of 202.3% both outpaced the S&P 500 returns of 16.8% and 83.0% across the same periods.

Matson pays a quarterly dividend with an annual forward payout of $1.52 per share, representing a dividend yield of 0.65% and a payout ratio of 9.8%. The company has paid consecutive dividends for 42 years. Its dividend grew at an annualized rate of 9.2% over five years, with its most recent ex-dividend date on August 6, 2026.

Wall Street coverage consists of 3 Strong Buy ratings and 1 Buy rating, with 0 Hold, Sell, or Strong Sell recommendations. The mean price target is $276.75, representing a 17.8% upside compared to the last close of $234.99. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $3.70B and EPS of $16.45, reflecting 19.1% EPS growth. Matson has beaten EPS estimates in each of the last 4 quarters, and its next earnings release is scheduled for November 3, 2026.

This page is an AI-written research summary of Matson, Inc. (MATX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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