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Matson, Inc.
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$7.3B
Market Cap
8.9
P/E
0.58
PEG
12.3%
ROCE
16.4%
ROE
0.26
D/E
14.3%
OPM
0.0%
% from 52W High
92
α RS
🔍 MATX is showing a high-conviction setup because it matches 7 of 39 tracked screener presets, Sector RRG has Industrials in the Improving quadrant with the trail still strengthening, and RS Rating is 92 (top decile vs market). Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 7/39 · Industrials in Improving quadrant · RS Rating 92
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🌏 Global Investor Returns
Currency-adjusted total returns for MATX including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

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.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding MATX
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 12.4K $2.0M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Matson Q1 OI $61.4M; raises FY2026 outlook to exceed 2025 levels.
Revenue & Profitability
Consolidated operating income was $61.4 million, down $20.7 million year-over-year. Ocean transportation operating income decreased $19 million, while logistics operating income decreased $1.7 million. Net income was $56.6 million, with diluted EPS of $1.85. The effective tax rate was 16.6% (down from 21.6%), and diluted weighted shares outstanding decreased 7.8% year-over-year. Cash flow from operations for trailing twelve months was $552.1 million.
Outlook
Management expects a more traditional seasonal pattern in the China trades, with freight demand strengthening post-Lunar New Year and continuing through peak season. Hawaii and Alaska volumes are expected to be comparable to 2025 levels, with Hawaii's economy supported by construction but weighed down by weak tourism. The Iran conflict has elevated fuel prices, but the company expects full recovery of fuel costs by year-end, with most recovery occurring in Q3.
Growth Drivers
Key growth drivers include e-commerce, e-goods (data center servers), and garments in the China service, along with air-to-ocean freight conversions. The Thailand feeder service (launched December 2025) has exceeded expectations. Management expects Q2 2026 container volumes to be higher year-over-year due to tariff-related declines in April 2025. Full-year volumes are expected to be moderately higher than 2025.
Balance Sheet & CapEx
Full-year 2026 maintenance CapEx is guided at $150 million-$170 million. New vessel construction milestone payments are expected to be $400 million for the year, with $213 million due in Q2. As of March 31, the Capital Construction Fund covered 93% of remaining obligations. Drydocking payments are forecasted at $45 million for the year. Depreciation and amortization are expected to approximate $210 million.
Margins
Management expects fuel price volatility to cause a lag in recovery in Q2 but anticipates full recovery by year-end, preventing margin erosion. Logistics margins remain under pressure in brokerage and intermodal, but disciplined pricing and procurement are expected to help the segment approach 2025 operating income levels. Consolidated operating income is guided to modestly exceed 2025, with Q2 and Q3 being the strongest quarters.
Key Risks
Key risks include the Iran conflict causing fuel price volatility and a lag in surcharge recovery (expected to impact Q2). Tariff uncertainties remain a factor, though management views them as largely behind us. Geopolitical tensions could disrupt trade. The company also faces risks from competitor drydocking and lower demand in Hawaii due to weak international tourism and persistent inflation.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-03
Q2 results exceeded expectations, led by strong China service and higher freight rates. Full-year guidance was raised, with operating income projected to surpass 2025, supported by resilient demand and ongoing Southeast Asia expansion.
Q1 2026 Q1 2026 2026-05-04
Q1 2026 saw strong post-Lunar New Year demand in China, offsetting weaker domestic volumes. Full year operating income outlook was raised, with most fuel cost recovery expected by Q3. Capital returns and new vessel investments remain robust.
Q4 2025 Q4 2025 2026-02-24
Fourth-quarter results exceeded expectations, with strong China service demand and premium rates, though full-year operating income declined due to earlier trade volatility. 2026 guidance anticipates stable performance, continued capital returns, and expansion in Southeast Asia.
Q3 2025 Q3 2025 2025-11-04
Q3 saw lower operating income and net income year-over-year, mainly from reduced China volumes and rates, but domestic lanes showed resilience. A new U.S.-China trade deal suspends port entry fees and reduces tariffs, improving outlook. Strong cash flow supports ongoing vessel investments.
Q2 2025 Q2 2025 2025-07-31
Q2 2025 results exceeded expectations despite trade volatility, with higher Hawaii and Alaska volumes offsetting declines in China and Guam. Full-year outlook was raised, though muted peak season and lower China volumes are expected. Cost controls, share buybacks, and new credit facility strengthened financials.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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