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US ocean shipping company providing container freight between the US mainland, Hawaii, Alaska, Guam and the South Pacific, plus a logistics arm.
US ocean shipping company providing container freight between the US mainland, Hawaii, Alaska, Guam and the South Pacific, plus a logistics arm.
Earns mostly from Jones Act lanes, where only US-built, US-owned and US-crewed ships may carry cargo between US ports, shielding Hawaii, Alaska and Guam routes from foreign competition and bringing steady volumes of consumer goods. The fast China-to-California service depends instead on trans-Pacific freight rates and swung sharply in the pandemic. Matson Logistics adds trucking and warehousing.
Moat: narrow (regulatory licence, installed base). Jones Act protection gives near-exclusive US-flag access to Hawaii/Alaska trade lanes.
Headquarters: Honolulu, Hawaii, USA · Founded: 1882 · Employees: 4,170
Size Matson (MATX) is a United States Industrials company (Marine Shipping) with a market value of $6.34B, the 1023rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $211.93 on 6 Nov 2026.
Performance Over six months the shares gained 16.0%, against +10.2% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 0.2% over the last twelve months (peer median +5.2%); the operating margin is 14.4% (peer median 17.1%).
Valuation It trades at 10.9× forward earnings against a peer median of 7.3× (4th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.4 points above its cost of capital (11.2% WACC).
Short interest Short interest is 5.7% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.46B | $3.34B | $3.42B | $3.09B | $4.34B |
| Revenue growth | — | -2% | +11% | -29% | — |
| Gross profit | $796M | $761M | $856M | $624M | $1.53B |
| EBITDA | $790M | $790M | $861M | $646M | $1.58B |
| Net income | $464M | $445M | $476M | $297M | $1.06B |
| Free cash flow | $108M | $152M | $458M | $262M | $1.06B |
| Capital expenditure | $474M | $393M | $311M | $261M | $211M |
| Total debt | $332M | $727M | $749M | $725M | $911M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Matson MATX | $6.34B | +16% | 0% | 14% | 10.9× | 11.8% |
| COSCO SHIPPING 1919.HK | $38.5B | +20% | -5% | 13% | 6.0× | -8.7% |
| ZIM Integrated Shipping Services ZIM | $3.37B | +5% | -25% | 6% | 3.7× | 2.7% |
| Evergreen Marine Corp(taiwan) 2603.TW | $16.1B | +28% | -20% | 15% | 5.0× | -9.1% |
| Yang Ming Marine Transport 2609.TW | $6.03B | +14% | -22% | 6% | 6.5× | n/a |
| Hapag-Lloyd HLAG.DE | $25.1B | +11% | -9% | 2% | 18.5× | 34.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MATX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | -6.0% | 10th lowest of 21 |
| 6-month return | +16.0% | +10.2% | 9th highest of 21 |
| Distance from 52-week high | -12.0% | -15.2% | 5th highest of 21 |
| Revenue growth (TTM) | -0.2% | +5.2% | 9th lowest of 20 |
| Operating margin | 14.4% | 17.1% | 10th lowest of 21 |
| Forward P/E | 10.9× | 7.3× | 4th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 11.8% | -1.1% | 2nd most demanding of 17 |
| Growth delivered (Del g) | +7.0% | +11.3% | 2nd lowest of 17 |
| Hurdle (Req g minus delivered) | +4.8 pp | -13.9 pp | 2nd most demanding of 17 |
| ROIC minus cost of capital | +2.4 pp | +0.7 pp | 8th highest of 21 |
| EV / EBITDA | 8.2× | 6.3× | 6th most expensive of 15 |
| Net debt / EBITDA | 0.3× | 1.0× | 7th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Matson MATX | United States | $6.34B | +16% | 0% | 14% | 10.9× | 11.8% | +7.0% |
| Kirby KEX | United States | $6.39B | -15% | +8% | 14% | 14.6× | 6.2% | +9.2% |
| Yang Ming Marine Transport 2609.TW | Taiwan | $6.03B | +14% | -22% | 6% | 6.5× | n/a | n/a |
| Wallenius Wilhelmsen WAWI.OL | Norway | $7.58B | +29% | -11% | 25% | 10.4× | -6.6% | +21.0% |
| Wan Hai Lines 2615.TW | Taiwan | $9.12B | +40% | -14% | 22% | 5.8× | -12.0% | +11.4% |
| COSCO Shipping Specialized Carriers 600428.SS | China | $4.40B | +25% | +37% | 19% | 8.9× | -17.9% | +27.0% |
| Ningbo Zhoushan Port 601018.SS | China | $10.4B | -4% | +12% | 16% | n/a | -7.3% | +7.6% |
| COSCO SHIPPING Development 601866.SS | China | $3.87B | -10% | -3% | 13% | 3.8× | n/a | n/a |
| Kawasaki Kisen Kaisha 9107.T | Japan | $11.0B | +17% | +11% | 8% | 9.4× | 7.3% | +10.2% |
| Hoegh Autoliners HAUTO.OL | Norway | $3.64B | +20% | -4% | 30% | 9.6× | -0.1% | +16.4% |
| ZIM Integrated Shipping Services ZIM | United States | $3.37B | +5% | -25% | 6% | 3.7× | 2.7% | +11.6% |
| COSCO SHIPPING Energy Transportation 1138.HK | Hong Kong | $12.8B | -22% | +22% | 31% | 4.7× | 0.5% | +7.1% |
| OOIL 0316.HK | Hong Kong | $12.8B | +10% | -8% | 10% | 5.9× | -2.3% | +3.6% |
| Star Bulk Carriers SBLK | United States | $2.99B | 0% | +6% | 28% | 5.7× | -0.1% | +8.5% |
| Shenzhen Yan Tian Port 000088.SZ | China | $2.97B | +2% | +19% | 12% | 16.5× | 21.8% | +10.1% |
| Shanghai Jinjiang Shipping (Group) 601083.SS | China | $2.75B | +17% | +11% | 24% | 11.3× | -18.7% | +15.2% |
| Danaos DAC | United States | $2.70B | +10% | +2% | 48% | 5.3× | -8.7% | +17.7% |
| Mitsui O.s.k. Lines 9104.T | Japan | $15.0B | +10% | +20% | 6% | 7.3× | n/a | n/a |
| HMM 011200.KS | South Korea | $15.3B | +8% | -5% | 11% | 9.7× | -1.8% | +11.2% |
| Capital Tankers CAPT.OL | Norway | $2.57B | +45% | n/a | 37% | 7.3× | n/a | n/a |
| SITC International 1308.HK | Hong Kong | $15.8B | +34% | +5% | 34% | 10.7× | -0.4% | +15.3% |