Matson, Inc. income statement
In fiscal 2025, Matson, Inc. reported revenue of $3.34bn, down 2.3% on the year before, operating income of $500m (a 14.9% margin) and net income of $445m, or $13.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,392 | 1,371 | 1,463 | 1,560 | 1,637 | 1,714 | 1,885 | 1,942 | 2,047 | 2,223 | 2,203 | 2,383 | 3,925 | 4,343 | 3,095 | 3,422 | 3,345 | 3,459 |
| Selling, general and administrative | 154 | 113 | 113 | 120 | 133 | 147 | 195 | 183 | 207 | 221 | 217 | 225 | 237 | 261 | 283 | — | — | — |
| General and administrative | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 304 | 294 | 300 |
| Operating income | 34 | 125 | 79 | 97 | 100 | 140 | 196 | 157 | 147 | 164 | 129 | 280 | 1,188 | 1,354 | 343 | 551 | 500 | 525 |
| Interest expense | 25 | 8 | 8 | 12 | 14 | 17 | 19 | 24 | 24 | 19 | 23 | 27 | 23 | 18 | 12 | 8 | 7 | 7 |
| Income before tax | 12 | 117 | 71 | 85 | 86 | 123 | 178 | 131 | 125 | 148 | 108 | 259 | 1,171 | 1,352 | 373 | 599 | 534 | 552 |
| Income tax | 5 | 47 | 25 | 33 | 32 | 52 | 75 | 49 | −106 | 39 | 25 | 66 | 244 | 288 | 76 | 123 | 89 | 88 |
| Net income | 44 | 92 | 34 | 46 | 54 | 71 | 103 | 81 | 231 | 109 | 83 | 193 | 927 | 1,064 | 297 | 476 | 445 | 464 |
| Diluted EPS | $1.08 | $2.22 | $0.81 | $1.08 | $1.25 | $1.63 | $2.34 | $1.87 | $5.35 | $2.53 | $1.91 | $4.44 | $21.47 | $27.07 | $8.32 | $13.93 | $13.81 | $14.95 |
| Diluted shares (average) | 41m | 42m | 42m | 43m | 43m | 43m | 44m | 44m | 43m | 43m | 43m | 44m | 43m | 39m | 36m | 34m | 32m | 31m |
| EBITDA | 139 | 196 | 150 | 169 | 170 | 210 | 280 | 254 | 249 | 258 | 230 | 395 | 1,305 | 1,477 | 467 | 687 | 647 | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 962 | 890 | 782 | 831 | 880 | 852 | 758 | 969 |
| Selling, general and administrative | 72 | — | — | — | — | — | — | — |
| General and administrative | — | 81 | 75 | 74 | 67 | 77 | 78 | 78 |
| Operating income | 242 | 148 | 82 | 113 | 161 | 144 | 61 | 159 |
| Interest expense | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Income before tax | 253 | 158 | 92 | 122 | 169 | 151 | 68 | 164 |
| Income tax | 54 | 30 | 20 | 27 | 34 | 8 | 11 | 35 |
| Net income | 199 | 128 | 72 | 95 | 135 | 143 | 57 | 129 |
| Diluted EPS | $5.89 | $3.80 | $2.18 | $2.92 | $4.24 | $4.53 | $1.85 | $4.27 |
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