Matson (MATX) AI Stock Analysis

• Market Cap: $5.22B
• Dividend Yield: 1.13%
• Average Volume (3M): 280.49K
• Price to Earnings (P/E): 12.8
• Beta (1Y): 1.01
• Revenue Growth: 1.88%
• EPS Growth: 9.30%
• Country: US
• Employees: 4,356
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 4.24
• Shares Outstanding: 31,180,035
• 10 Day Avg. Volume: 202,891
• 30 Day Avg. Volume: 280,490
• PEG Ratio: 0.14
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 1.33
• P/FCF Ratio: 9.93
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: 1.70
• Enterprise Value/Gross Profit: 7.30
• Enterprise Value/Ebitda: 6.92
• 1Y Price Target: $190.00
• Price Target Upside: 74.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 11.2
• Revenue Forecast (FY): $3.34B

• Rating: 68 Neutral
• Price Target: $170.00 ▲(55.76% Upside)
• Action: Downgraded Date: 01/23/26
• Date: Action: Downgraded 01/23/26

The score reflects strong underlying profitability and a conservative balance sheet, offset by weakening revenue/free-cash-flow trends and cautious earnings guidance tied to China-service softness. Technicals show a strong uptrend but are very overbought, while valuation is supportive due to the low P/E despite a modest dividend yield.

Positive Factors

Strong Cash Flows

Strong cash flows indicate Matson's ability to fund operations and investments without relying heavily on external financing, supporting long-term growth.

Healthy Balance Sheet

A healthy balance sheet with low leverage enhances financial stability and flexibility, enabling Matson to navigate industry challenges effectively.

Strategic Positioning

Strategic positioning in key markets like the Pacific region strengthens Matson's competitive advantage and supports sustained market leadership.

Negative Factors

Decline in China Service Volume

A significant decline in China service volume reflects challenges in maintaining market share and revenue in a key segment, impacting overall growth.

Decreased Operating Income

A decrease in operating income suggests potential difficulties in cost management and profitability, which could hinder long-term financial performance.

Free Cash Flow Decline

A decline in free cash flow growth may limit Matson's ability to invest in growth opportunities and manage financial obligations, affecting future performance.

Matson Business Overview & Revenue Model

Company Description

Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment 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 container stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, the company offers vessel management and container transshipment services. Its Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. The company serves the U.S. military, freight forwarders, retailers, consumer goods, automobile 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.

How the Company Makes Money

Matson generates revenue primarily through its ocean transportation and logistics services. The company's key revenue streams include freight transportation for containerized cargo, which accounts for a significant portion of its earnings, particularly in the Hawaii and Alaska markets. Additionally, Matson earns income through logistics services that encompass inland transportation, warehousing, and distribution. The company has established strategic partnerships with various stakeholders, including shipping agents and logistics providers, enhancing its service offerings and expanding its market reach. Seasonal demand fluctuations, especially for goods transported to Hawaii, and contracts with government and commercial customers also play a crucial role in its revenue generation.

Matson Financial Statement Overview

Summary

Solid profitability and financial stability (TTM net margin 12.70%, EBIT margin 16.19%, low debt-to-equity 0.27, ROE 16.23%), but growth is weakening with TTM revenue down (-2.36%) and free cash flow growth declining (-22.64%).

Income Statement

Matson's income statement shows a mixed performance. The company has experienced a decline in revenue growth recently, with a -2.36% TTM revenue growth rate, indicating potential challenges in maintaining sales momentum. However, profitability remains strong with a net profit margin of 12.70% and an EBIT margin of 16.19% in the TTM, suggesting efficient cost management. The gross profit margin has decreased slightly to 23.29% in the TTM, which may indicate rising costs or pricing pressures. Overall, while profitability metrics are solid, the negative revenue growth is a concern.

Balance Sheet

Matson's balance sheet is relatively strong, with a low debt-to-equity ratio of 0.27 in the TTM, indicating prudent financial leverage. The return on equity is healthy at 16.23%, reflecting effective use of shareholder funds to generate profits. The equity ratio stands at 58.42%, suggesting a solid capital structure with a good proportion of assets financed by equity. Overall, the balance sheet reflects financial stability and a conservative approach to debt management.

Cash Flow

The cash flow statement reveals some challenges, with a significant decline in free cash flow growth of -22.64% in the TTM, which could impact future investment capabilities. However, the operating cash flow to net income ratio is strong at 1.01, indicating good cash generation relative to net income. The free cash flow to net income ratio is also robust at 0.77, suggesting that the company is generating sufficient cash to cover its earnings. Despite the recent decline in free cash flow, the overall cash flow position remains relatively healthy.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.38B	3.42B	3.09B	4.34B	3.93B	2.38B
Gross Profit	787.80M	855.90M	623.90M	1.53B	1.37B	479.00M
EBITDA	830.80M	916.00M	690.50M	1.68B	1.45B	494.30M
Net Income	429.70M	476.40M	297.10M	1.06B	927.40M	193.10M
Balance Sheet
Total Assets	4.60B	4.60B	4.29B	4.33B	3.69B	2.90B
Cash, Cash Equivalents and Short-Term Investments	92.70M	266.80M	134.00M	249.80M	282.40M	14.40M
Total Debt	719.00M	749.00M	725.00M	910.70M	1.06B	1.00B
Total Liabilities	1.91B	1.94B	1.89B	2.03B	2.03B	1.94B
Stockholders Equity	2.69B	2.65B	2.40B	2.30B	1.67B	961.20M
Cash Flow
Free Cash Flow	334.90M	457.70M	262.10M	1.06B	658.80M	237.50M
Operating Cash Flow	542.80M	767.80M	510.50M	1.27B	984.10M	429.80M
Investing Cash Flow	-363.70M	-336.10M	-338.20M	-729.30M	-323.40M	-177.00M
Financing Cash Flow	-359.10M	-301.20M	-289.70M	-576.60M	-392.70M	-261.50M

Matson Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 109.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MATX, the sentiment is Positive. The current price of 109.14 is below the 20-day moving average (MA) of 162.07, below the 50-day MA of 142.46, and below the 200-day MA of 114.90, indicating a bullish trend. The MACD of 6.60 indicates Positive momentum. The RSI at 67.77 is Neutral, neither overbought nor oversold. The STOCH value of 84.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MATX.

Matson Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAC	81 Outperform	$1.98B	4.04	13.70%	3.64%	3.82%	-13.73%
KEX	79 Outperform	$6.86B	20.27	10.53%	―	1.59%	3.35%
CMRE	76 Outperform	$2.06B	6.00	16.57%	2.94%	-29.82%	-16.77%
MATX	68 Neutral	$5.22B	12.75	16.38%	1.13%	1.88%	9.30%
SBLK	67 Neutral	$2.81B	47.06	2.50%	1.59%	-13.87%	-82.48%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ZIM	62 Neutral	$3.50B	3.49	25.25%	20.35%	1.63%	-30.30%

Matson Corporate Events

Matson to Present at Stephens 2025 Investment Conference

Matson, Inc. announced its participation in the Stephens 2025 Annual Investment Conference in Nashville, Tennessee, on November 18, 2025, where it will present an overview of the company and respond to questions. The presentation will highlight Matson’s strategic positioning in the Pacific, its premium service offerings, and its financial strength, including a new vessel program and significant stock repurchases. These initiatives underscore Matson’s commitment to maintaining strong market positions and returning capital to shareholders, while leveraging growth opportunities in ocean transportation and logistics services.

The most recent analyst rating on (MATX) stock is a Buy with a $142.00 price target. To see the full list of analyst forecasts on Matson stock, see the MATX Stock Forecast page.