📊 MATX Key Takeaways
Is Matson, Inc. (MATX) a Good Investment?
Matson operates a capital-intensive water transportation business facing revenue headwinds (-2.3% YoY) with flat net income and extremely weak capital returns (ROE 2.1%, ROA 1.2%). While the company maintains adequate debt service capability and positive free cash flow, structural profitability challenges and emerging liquidity pressures (current ratio 0.82x) suggest limited upside without operational improvement.
Matson’s fundamentals are strong overall, with solid operating and net margins, high returns on equity and assets, and very low leverage supported by exceptional interest coverage. Revenue was slightly down year over year and free cash flow is modest relative to sales because capital spending is elevated, but earnings stability and balance sheet strength suggest the business remains fundamentally healthy. The main question is whether the company can sustain profitability and convert more operating cash into durable free cash flow through the cycle.
Why Buy Matson, Inc. Stock? MATX Key Strengths
- Strong interest coverage ratio of 10.1x provides substantial debt service cushion
- Conservative capital structure with low debt-to-equity of 0.13x and ability to deleverage
- Positive free cash flow of $45.7M despite revenue decline demonstrates operational cash generation
- Strong profitability with 14.9% operating margin and 13.3% net margin despite a slight revenue decline
- Healthy balance sheet with low debt-to-equity of 0.13x and very strong 81.9x interest coverage
- Solid cash generation from operations at $547.1M, supporting reinvestment and financial flexibility
MATX Stock Risks: Matson, Inc. Investment Risks
- Revenue declining 2.3% YoY with flat net income indicates loss of pricing power or volume in cyclical industry downturn
- Critically low returns on capital (ROE 2.1%, ROA 1.2%) suggest inefficient deployment of $4.6B asset base
- Current ratio of 0.82x below 1.0 indicates near-term liquidity pressure despite $100M cash position
- Capital-intensive business model (CapEx $48.3M) limits free cash flow conversion relative to asset base
- Revenue declined 2.3% year over year, which may indicate softer demand or cyclical pressure
- Current and quick ratios of 0.89x suggest tighter short-term liquidity than ideal
- High capital expenditures are compressing free cash flow, reducing cash conversion and increasing execution risk
Key Metrics to Watch
- Revenue trajectory and pricing trends in container and bulk shipping markets
- Return on equity and asset efficiency improvements as key capital allocation measure
- Current and quick ratio recovery above 1.0x to address liquidity concerns
- Free cash flow generation relative to capital expenditures
- Revenue trend and operating margin stability
Matson, Inc. (MATX) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
MATX Profit Margin, ROE & Profitability Analysis
MATX vs Transportation Sector: How Matson, Inc. Compares
How Matson, Inc. compares to Transportation sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Matson, Inc. Stock Overvalued? MATX Valuation Analysis 2026
Based on fundamental analysis, Matson, Inc. has mixed fundamental signals relative to the Transportation sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Matson, Inc. Balance Sheet: MATX Debt, Cash & Liquidity
MATX Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Matson, Inc.'s revenue has declined by 13% over the 5-year period, indicating business contraction. The most recent EPS of $8.32 reflects profitable operations.
MATX Revenue Growth, EPS Growth & YoY Performance
MATX Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $757.8M | $56.6M | $1.85 |
| Q3 2025 | $880.1M | $36.1M | $4.24 |
| Q2 2025 | $830.5M | $36.1M | $2.92 |
| Q1 2025 | $722.1M | $36.1M | $1.04 |
| Q3 2024 | $827.5M | $34.0M | $3.40 |
| Q2 2024 | $773.4M | $34.0M | $2.26 |
| Q1 2024 | $704.8M | $34.0M | $0.94 |
| Q3 2023 | $827.5M | $34.0M | $3.40 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Matson, Inc. Dividends, Buybacks & Capital Allocation
MATX SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Matson, Inc. (CIK: 0000003453)
📋 Recent SEC Filings
❓ Frequently Asked Questions about MATX
What is the AI rating for MATX?
Matson, Inc. (MATX) has a Combined AI Rating of BUY from Claude (HOLD) and ChatGPT (BUY) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MATX's key strengths?
Claude: Strong interest coverage ratio of 10.1x provides substantial debt service cushion. Conservative capital structure with low debt-to-equity of 0.13x and ability to deleverage. ChatGPT: Strong profitability with 14.9% operating margin and 13.3% net margin despite a slight revenue decline. Healthy balance sheet with low debt-to-equity of 0.13x and very strong 81.9x interest coverage.
What are the risks of investing in MATX?
Claude: Revenue declining 2.3% YoY with flat net income indicates loss of pricing power or volume in cyclical industry downturn. Critically low returns on capital (ROE 2.1%, ROA 1.2%) suggest inefficient deployment of $4.6B asset base. ChatGPT: Revenue declined 2.3% year over year, which may indicate softer demand or cyclical pressure. Current and quick ratios of 0.89x suggest tighter short-term liquidity than ideal.
What is MATX's revenue and growth?
Matson, Inc. reported revenue of $757.8M.
Does MATX pay dividends?
Matson, Inc. pays dividends, with $11.0M distributed to shareholders in the trailing twelve months.
Where can I find MATX SEC filings?
Official SEC filings for Matson, Inc. (CIK: 0000003453) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MATX's EPS?
Matson, Inc. has a diluted EPS of $1.85.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MATX a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Matson, Inc. has a BUY rating with 76% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is MATX stock overvalued or undervalued?
Valuation metrics for MATX: ROE of 2.1% (sector avg: 18%), net margin of 7.5% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy MATX stock in 2026?
Our dual AI analysis gives Matson, Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MATX's free cash flow?
Matson, Inc.'s operating cash flow is $94.0M, with capital expenditures of $48.3M. FCF margin is 6.0%.
How does MATX compare to other Transportation stocks?
Vs Transportation sector averages: Net margin 7.5% (avg: 10%), ROE 2.1% (avg: 18%), current ratio 0.82 (avg: 1).