Matson
Moves Pacific ocean freight and extends it through asset-light logistics networks.
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Profile
Carries containerized freight across Hawaii, Alaska, Guam, Micronesia, and expedited Asia–Southern California routes, while selling brokerage, forwarding, warehousing, and supply-chain services. Ocean transportation supplies most of the business, with core domestic routes governed by Jones Act requirements.
Runs ocean freight networks linking the U.S. West Coast with Hawaii, Alaska, Guam, and Micronesia, plus expedited China-to-Long Beach services and routes serving Okinawa and South Pacific islands. Ocean Transportation also includes stevedoring, refrigerated cargo, inland transport, and terminal activities, supported by a stake in a West Coast terminal joint venture.
Extends that network through an asset-light Logistics segment spanning rail intermodal and highway brokerage, freight forwarding, warehousing, distribution, and supply-chain management across North America and Asia. Fixed schedules, dedicated terminal access, and fast transpacific cargo availability underpin the service model. The Hawaii and Alaska trades operate under the Jones Act, while China service depends on transpacific demand and customers paying a premium for speed and reliability.
Company facts
Categories
Key statistics
Year to date +81.3% · Average volume (30d) 276.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Stephens | Reiterate | Overweight | $213 | $260 | |
| Jan 21, 2026 | Stephens | Target | $160 | $213 | ||
| Jan 8, 2026 | Wolfe Research | Target | $134 | $167 | ||
| Nov 7, 2025 | Wolfe Research | Upgrade | Peer Perform | Outperform | ||
| Jul 18, 2025 | Jefferies | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $3.79 | $4.27 | +12.7% | $893.9M | $969.4M | +8.4% | +2.89% |
| May 4, 2026Q1 FY26 | $1.65 | $1.85 | +12.1% | $777.6M | $757.8M | −2.5% | +9.62% |
| Feb 24, 2026Q4 FY25 | $3.69 | $4.60 | +24.7% | $847.3M | $851.9M | +0.5% | +1.83% |
| Nov 4, 2025Q3 FY25 | $3.25 | $4.24 | +30.5% | $837.4M | $880.1M | +5.1% | +11.97% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $782.0M | $830.5M | $880.1M | $851.9M | $757.8M | $969.4M | |
| Gross profit | $150.9M | $180.1M | $219.0M | $211.4M | $133.9M | $232.1M | |
| Operating income | $75.5M | $105.7M | $151.7M | $134.4M | $56.4M | $158.9M | |
| Net income | $72.3M | $94.7M | $134.7M | $143.1M | $56.6M | $129.4M | |
| Diluted EPS | $2.18 | $2.92 | $4.24 | $4.60 | $1.85 | $4.27 | |
| Gross margin | 19.3% | 21.7% | 24.9% | 24.8% | 17.7% | 23.9% | |
| Operating margin | 9.7% | 12.7% | 17.2% | 15.8% | 7.4% | 16.4% |
Fiscal years (4-quarter sums)FY21 $3.93B · FY22 $4.34B · FY23 $3.09B · FY24 $3.42B · FY25 $3.34B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $119.3M · Total debt $716.4M · Total assets $4.71B · Shareholders' equity $2.77B
Dividends
Raised for 36 straight years — most recently to $0.38 from $0.36 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 6, 2026 | Aug 6 | Sep 3 | $0.38 | raised from $0.36 |
| May 7, 2026 | May 7 | Jun 4 | $0.36 | |
| Feb 5, 2026 | Feb 5 | Mar 5 | $0.36 | |
| Nov 6, 2025 | Nov 6 | Dec 4 | $0.36 | |
| Aug 7, 2025 | Aug 7 | Sep 4 | $0.36 | raised from $0.34 |
| May 8, 2025 | May 8 | Jun 5 | $0.34 | |
| Feb 6, 2025 | Feb 6 | Mar 6 | $0.34 | |
| Nov 7, 2024 | Nov 7 | Dec 5 | $0.34 |
Ownership
Shares outstanding 30.26M · Float 29.52M · 97.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.96M | 16.38% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.00M | 6.59% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.94M | 6.42% | 13F | Aug 11, 2026 |
| American Century Companies Inc | 1.76M | 5.82% | 13F | Aug 12, 2026 |
| Stowers Institute for Medical Research | 1.76M | 5.80% | 13G | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2026 | Matthew J. Cox | director, officer: Chairman & CEO | −10,000 | $223.54 |
| Aug 24, 2026 | Vic S. Jr Angoco | officer: Executive Vice President | −2,293 | $222.76 |
| Aug 19, 2026 | Christopher A. Scott | officer: EVP & Chief Commercial Officer | −600 | $219.90 |
| Aug 19, 2026 | Peter T. Heilmann | officer: EVP, Chief Admin. Officer & GC | −5,000 | $220.15 |
| Aug 13, 2026 | Jason Lee Taylor | officer: Senior Vice President | −1,961 | $217.00 |
Peers
- ZIM
China-West Coast container rival in Matson's premium lane
- C.H. Robinson Worldwide
Large broker and forwarder named against Matson Logistics
- Hub Group
Intermodal and logistics peer named in Matson's filing
- RXO
Tech-enabled brokerage rival to Matson Logistics
- J.B. Hunt
Asset-invested intermodal and brokerage competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Matson | $224.31 | +0.03% | $6.79B | 15.0 | 13.4 | 2.0 | +16.7% |
| ZIM | $27.79 | +1.26% | $3.31B | 23.7 | 2.7 | 0.5 | +8.9% |
| C.H. Robinson Worldwide | $150.39 | −0.03% | $17.73B | 28.7 | 21.9 | 1.0 | +19.3% |
| Hub Group | $39.61 | −0.01% | $2.40B | 29.5 | 37.0 | 0.9 | −1.0% |
| RXO | $21.91 | +0.05% | $3.61B | — | 64.3 | 0.6 | +25.0% |
| J.B. Hunt | $261.03 | −0.02% | $24.51B | 37.0 | 29.5 | 1.9 | +19.4% |
| Median | 29.1 | 29.5 | 0.9 | +19.3% |