Matson, Inc. (MATX) Income Statement
MATX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMATX revenue and net income
Where MATX's revenue goes
2025Each bar shows an amount and its share of revenue. MATX kept 13.3% of revenue as net income.
MATX profit margins
MATX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.3% | −8.3% | +7.0% | +5.9% |
| Gross profit | −11.0% | −20.8% | +9.7% | +7.3% |
| Operating income | −15.4% | −28.4% | +13.0% | +9.1% |
| Net income | −6.6% | −25.2% | +18.2% | +15.8% |
| EPS (diluted) | −0.7% | −19.5% | +25.7% | +17.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MATX quarterly EPS vs estimates
Matson beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 3, 2026 (estimate $6.09).
MATX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.34B | $3.42B | $3.09B | $4.34B | $3.93B | $2.38B | $2.20B | $2.22B | $2.05B | $1.94B |
| Cost of revenue | $2.58B | $2.57B | $2.47B | $2.81B | $2.56B | $1.90B | $1.88B | $1.88B | $1.72B | $1.62B |
| Gross profit | $761.4M | $855.9M | $623.9M | $1.53B | $1.37B | $479.0M | $325.1M | $347.8M | $325.9M | $322.5M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $294.1M | $303.6M | $283.3M | $261.0M | $236.5M | $225.0M | $216.8M | $220.8M | $208.5M | $185.1M |
| Total operating expenses | $294.1M | $303.6M | $283.3M | $261.0M | $236.5M | $225.0M | $216.8M | $220.8M | $206.8M | $185.1M |
| Operating income | $467.3M | $552.3M | $340.6M | $1.27B | $1.13B | $254.0M | $108.3M | $127.0M | $119.1M | $138.8M |
| Interest income | $31.7M | $48.3M | $33.1M | $8.2M | $0 | $0 | $22.5M | $18.7M | $24.2M | $24.1M |
| Interest expense | $17.0M | $7.5M | $12.2M | $18.0M | $22.6M | $27.4M | $22.5M | $18.7M | $24.2M | $24.1M |
| Income before taxes | $533.8M | $599.4M | $373.0M | $1.35B | $1.17B | $259.0M | $107.8M | $147.7M | $125.2M | $130.5M |
| Income taxes | $89.0M | $123.0M | $75.9M | $288.4M | $243.9M | $65.9M | $25.1M | $38.7M | −$105.8M | $49.1M |
| Net income | $444.8M | $476.4M | $297.1M | $1.06B | $927.4M | $193.1M | $82.7M | $109.0M | $231.0M | $81.4M |
| EBITDA | $850.7M | $893.7M | $669.4M | $1.66B | $1.43B | $476.1M | $290.0M | $260.8M | $250.6M | $248.0M |
| EPS (diluted) | $13.94 | $14.04 | $8.38 | $26.71 | $21.62 | $4.44 | $1.92 | $2.54 | $1.78 | $1.85 |
| Gross margin | 22.8% | 25.0% | 20.2% | 35.3% | 34.8% | 20.1% | 14.8% | 15.6% | 15.9% | 16.6% |
| Operating margin | 14.0% | 16.1% | 11.0% | 29.3% | 28.8% | 10.7% | 4.9% | 5.7% | 5.8% | 7.1% |
| Net margin | 13.3% | 13.9% | 9.6% | 24.5% | 23.6% | 8.1% | 3.8% | 4.9% | 11.3% | 4.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $969.4M | $757.8M | $851.9M | $880.1M | $830.5M | $782.0M | $890.3M | $962.0M | $847.4M | $722.1M | $788.9M | $827.5M |
| Cost of revenue | $737.3M | $623.9M | $640.5M | $661.1M | $650.4M | $631.1M | $652.5M | $654.3M | $646.9M | $612.2M | $644.4M | $624.1M |
| Gross profit | $232.1M | $133.9M | $211.4M | $219.0M | $180.1M | $150.9M | $237.8M | $307.7M | $200.5M | $109.9M | $144.5M | $203.4M |
| Sales, general & admin | $78.0M | $77.5M | $77.0M | $67.3M | $74.4M | $75.4M | $80.8M | $72.3M | $77.1M | $73.4M | $73.3M | $72.6M |
| Total operating expenses | $73.2M | $77.5M | $77.0M | $67.3M | $74.4M | $75.4M | $80.8M | $72.3M | $77.1M | $73.4M | $73.3M | $72.6M |
| Operating income | $158.9M | $56.4M | $134.4M | $151.7M | $105.7M | $75.5M | $157.0M | $235.4M | $123.4M | $36.5M | $71.2M | $130.8M |
| Interest income | — | $6.1M | $6.7M | $7.6M | $8.0M | $9.4M | $10.3M | $10.4M | $18.8M | $8.8M | $9.8M | $9.3M |
| Interest expense | $1.6M | $1.6M | $1.6M | $1.8M | $1.7M | $1.7M | $1.4M | $1.8M | $2.1M | $2.2M | $2.4M | $2.4M |
| Income before taxes | $163.9M | $67.9M | $151.0M | $168.9M | $121.7M | $92.2M | $158.2M | $252.8M | $143.1M | $45.3M | $84.3M | $140.2M |
| Income taxes | $34.5M | $11.3M | $7.9M | $34.2M | $27.0M | $19.9M | $30.2M | $53.7M | $29.9M | $9.2M | $21.9M | $20.3M |
| Net income | $129.4M | $56.6M | $143.1M | $134.7M | $94.7M | $72.3M | $128.0M | $199.1M | $113.2M | $36.1M | $62.4M | $119.9M |
| EBITDA | $242.7M | $145.4M | $229.8M | $244.8M | $197.0M | $169.0M | $229.6M | $326.5M | $217.7M | $118.6M | $156.8M | $211.1M |
| EPS (diluted) | $4.27 | $1.85 | $4.60 | $4.24 | $2.92 | $2.18 | $3.80 | $5.89 | $3.31 | $1.04 | $1.78 | $3.40 |
| Gross margin | 23.9% | 17.7% | 24.8% | 24.9% | 21.7% | 19.3% | 26.7% | 32.0% | 23.7% | 15.2% | 18.3% | 24.6% |
| Operating margin | 16.4% | 7.4% | 15.8% | 17.2% | 12.7% | 9.7% | 17.6% | 24.5% | 14.6% | 5.1% | 9.0% | 15.8% |
| Net margin | 13.3% | 7.5% | 16.8% | 15.3% | 11.4% | 9.2% | 14.4% | 20.7% | 13.4% | 5.0% | 7.9% | 14.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MATX's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MATX financial results
In fiscal year 2025 (ended December 31, 2025), Matson reported revenue of $3.3 billion, down 2.3% from the year before. It had net income of $444.8 million (down 6.6%), a net profit margin of 13.3%. Diluted earnings per share came to $13.94. Over five years revenue grew at an average rate of 7.0% a year.
See the MATX stock overview for the latest quote and news, or the MATX chart for price history and technical indicators.
MATX income statement FAQ
What is Matson's annual revenue?
Matson reported total revenue of $3.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 2.3% from $3.4 billion the previous year.
Is Matson profitable?
Yes. Matson reported net income of $444.8 million in fiscal 2025, a net profit margin of 13.3%; its operating margin was 14.0%.
What is Matson's gross margin?
Matson's gross margin was 22.8% in fiscal 2025: for every $100 of revenue, Matson kept $23 after the direct cost of its products and services.
How fast is Matson growing?
Revenue grew 7.0% a year on average over the last five fiscal years, from $2.4 billion to $3.3 billion.
What are Matson's earnings per share?
Matson earned $13.94 per diluted share in fiscal 2025, compared with $14.04 a year earlier.
When will Matson report its next earnings?
Matson is expected to report results for the quarter ending September 30, 2026 on November 3, 2026.
When does Matson's fiscal year end?
Matson's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.