Matson (MATX) Financials

$111.72 +2.53 (+2.32%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$111.75 +0.03 (+0.03%)

As of 04:08 AM Eastern

Annual Income Statements for Matson

This table shows Matson's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	476	297	1,064	927	193	83	109	231	81	103
Consolidated Net Income / (Loss)	476	297	1,064	927	193	83	109	231	81	103
Net Income / (Loss) Continuing Operations	476	297	1,064	927	193	83	109	231	81	103
Total Pre-Tax Income	599	373	1,352	1,171	259	108	148	125	131	178
Total Operating Income	551	343	1,354	1,188	280	129	164	147	157	196
Total Gross Profit	856	624	1,532	1,368	479	325	348	326	324	375
Total Revenue	3,422	3,095	4,343	3,925	2,383	2,203	2,223	2,047	1,942	1,885
Operating Revenue	3,422	3,095	4,343	3,925	2,383	2,203	2,223	2,047	1,942	1,885
Total Cost of Revenue	2,566	2,471	2,812	2,558	1,904	1,878	1,875	1,721	1,618	1,510
Total Operating Expenses	305	281	178	180	199	196	184	179	167	179
Selling, General & Admin Expense	304	283	261	237	225	217	221	207	183	195
Other Operating Expenses / (Income)	1.00	-2.20	-83	-56	-26	-21	-37	-28	-16	-17
Total Other Income / (Expense), net	48	30	-1.30	-16	-21	-21	-16	-22	-26	-19
Interest Expense	7.50	12	18	23	27	23	19	24	24	19
Interest & Investment Income	48	36	8.20	0.00	0.00	-	-	-	-	-
Other Income / (Expense), net	7.30	6.40	8.50	6.40	6.10	1.20	2.60	2.10	-2.10	-
Income Tax Expense	123	76	288	244	66	25	39	-106	49	75
Basic Earnings per Share	$14.14	$8.42	$27.28	$21.67	$4.48	$1.93	$2.55	$5.38	$1.89	$2.37
Weighted Average Basic Shares Outstanding	33.70M	35.30M	39M	42.80M	43.10M	42.80M	42.70M	42.90M	43.10M	43.50M
Diluted Earnings per Share	$13.93	$8.32	$27.07	$21.47	$4.44	$1.91	$2.53	$5.35	$1.87	$2.34
Weighted Average Diluted Shares Outstanding	34.20M	35.70M	39.30M	43.20M	43.50M	43.30M	43M	43.20M	43.50M	44M
Weighted Average Basic & Diluted Shares Outstanding	32.86M	34.50M	36.11M	40.88M	43.44M	43.04M	42.70M	42.90M	43.10M	43.50M
Cash Dividends to Common per Share	$1.32	$1.26	$1.22	$1.06	$0.90	$0.86	$0.82	$0.78	$0.74	$0.70

This table shows Matson's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	72	128	199	113	36	62	120	81	34	78	266
Consolidated Net Income / (Loss)	72	128	199	113	36	62	120	81	34	78	266
Net Income / (Loss) Continuing Operations	72	128	199	113	36	62	120	81	34	78	266
Total Pre-Tax Income	92	158	253	143	45	84	140	104	44	98	334
Total Operating Income	82	148	242	125	37	75	132	97	39	93	335
Total Gross Profit	151	238	308	201	110	145	203	169	107	161	376
Total Revenue	782	890	962	847	722	789	828	773	705	802	1,115
Operating Revenue	782	890	962	847	722	789	828	773	705	802	1,115
Total Cost of Revenue	631	653	654	647	612	644	624	605	598	641	738
Operating Cost of Revenue	631	-	-	-	-	-	-	-	-	-	738
Total Operating Expenses	69	90	65	76	73	69	71	72	69	68	41
Selling, General & Admin Expense	75	81	72	77	73	73	73	71	67	69	65
Other Operating Expenses / (Income)	-6.60	9.50	-6.90	-1.20	-0.40	-4.10	-1.30	1.40	1.80	-1.00	-23
Total Other Income / (Expense), net	10	11	11	19	8.40	9.00	8.10	7.60	5.50	5.40	-1.20
Interest Expense	1.70	1.40	1.80	2.10	2.20	2.40	2.40	2.90	4.50	3.70	5.00
Interest & Investment Income	9.40	10	10	19	8.80	9.80	9.30	8.70	8.20	6.90	1.30
Other Income / (Expense), net	2.40	1.80	1.90	1.80	1.80	1.60	1.20	1.80	1.80	2.20	2.50
Income Tax Expense	20	30	54	30	9.20	22	20	24	10	20	68
Basic Earnings per Share	$2.20	$3.77	$5.98	$3.34	$1.05	$1.78	$3.42	$2.28	$0.94	$2.50	$6.95
Weighted Average Basic Shares Outstanding	32.80M	33.70M	33.30M	33.90M	34.40M	35.30M	35.10M	35.50M	36.10M	39M	38.30M
Diluted Earnings per Share	$2.18	$3.69	$5.89	$3.31	$1.04	$1.72	$3.40	$2.26	$0.94	$2.46	$6.89
Weighted Average Diluted Shares Outstanding	33.20M	34.20M	33.80M	34.20M	34.60M	35.70M	35.30M	35.70M	36.30M	39.30M	38.60M
Weighted Average Basic & Diluted Shares Outstanding	32.64M	32.86M	33.21M	33.58M	34.17M	34.50M	34.93M	35.29M	35.86M	36.11M	37.78M
Cash Dividends to Common per Share	$0.34	-	$0.34	$0.32	$0.32	-	-	$0.31	$0.31	-	-

This table details how cash moves in and out of Matson's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	131	-117	-34	268	-8.70	3.90	4.70	5.90	-12	-268
Net Cash From Operating Activities	768	511	1,272	984	430	249	305	225	158	245
Net Cash From Continuing Operating Activities	768	511	1,272	984	430	249	305	225	158	245
Net Income / (Loss) Continuing Operations	476	297	1,064	927	193	83	109	231	81	103
Consolidated Net Income / (Loss)	476	297	1,064	927	193	83	109	231	81	103
Depreciation Expense	153	142	139	136	115	100	94	101	97	83
Amortization Expense	161	167	178	128	100	95	37	46	39	23
Non-Cash Adjustments To Reconcile Net Income	39	22	-19	-91	-25	14	15	3.40	-1.80	13
Changes in Operating Assets and Liabilities, net	-62	-118	-90	-116	47	-44	49	-157	-58	23
Net Cash From Investing Activities	-336	-338	-729	-323	-177	-307	-260	-277	-321	-64
Net Cash From Continuing Investing Activities	-336	-338	-729	-323	-177	-307	-260	-277	-321	-64
Purchase of Property, Plant & Equipment	-215	-196	-147	-310	-105	-91	-63	-55	-85	-47
Acquisitions	-0.80	-12	-3.00	0.00	-	-	-	-	-113	-29
Sale of Property, Plant & Equipment	5.90	1.20	1.20	1.90	15	3.40	136	-0.20	-	-
Other Investing Activities, net	-127	-132	-581	-15	-88	-219	-338	-222	-123	12
Net Cash From Financing Activities	-301	-290	-577	-393	-262	62	-40	58	151	-449
Net Cash From Continuing Financing Activities	-301	-290	-577	-393	-262	62	-40	58	151	-449
Repayment of Debt	-40	-77	-112	-438	-1,190	-520	-965	-353	-1,152	-1,077
Repurchase of Common Equity	-199	-155	-397	-198	0.00	0.00	-	-19	-38	-4.90
Payment of Dividends	-45	-45	-48	-46	-39	-37	-35	-34	-32	-31
Other Financing Activities, net	-18	-13	-20	-14	-5.60	-3.10	-4.60	-7.40	-5.60	-2.00
Cash Interest Paid	5.90	11	16	19	-	22	18	24	22	18
Cash Income Taxes Paid	-27	7.50	215	242	10	-24	5.20	2.60	16	40

This table details how cash moves in and out of Matson's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-145	-5.90	102	142	-108	-24	35	34	-161	7.00	-368
Net Cash From Operating Activities	89	175	249	308	37	111	153	150	97	169	411
Net Cash From Continuing Operating Activities	89	175	249	308	37	111	153	150	97	169	411
Net Income / (Loss) Continuing Operations	72	128	199	113	36	62	120	81	34	78	266
Consolidated Net Income / (Loss)	72	128	199	113	36	62	120	81	34	78	266
Depreciation Expense	41	38	38	39	38	34	36	36	36	34	35
Amortization Expense	41	38	41	41	41	41	39	42	46	45	44
Non-Cash Adjustments To Reconcile Net Income	-0.80	119	-104	5.10	19	113	-27	-30	-33	121	-44
Changes in Operating Assets and Liabilities, net	-64	-148	74	110	-97	-138	-15	21	14	-109	111
Net Cash From Investing Activities	-129	-127	-78	-72	-59	-68	-69	-48	-154	-36	-614
Net Cash From Continuing Investing Activities	-129	-127	-78	-72	-59	-68	-69	-48	-154	-36	-614
Purchase of Property, Plant & Equipment	-23	-70	-58	-33	-54	-60	-60	-40	-36	-34	-45
Sale of Property, Plant & Equipment	0.20	1.50	1.20	0.90	2.30	1.10	-	-0.20	0.30	0.80	-0.40
Other Investing Activities, net	-107	-59	-20	-40	-7.10	-8.50	-9.00	-8.10	-106	-3.70	-566
Net Cash From Financing Activities	-104	-53	-69	-93	-86	-68	-49	-68	-105	-126	-165
Net Cash From Continuing Financing Activities	-104	-53	-69	-93	-86	-68	-49	-68	-105	-126	-165
Repayment of Debt	-10	-9.70	-10	-9.80	-10	-9.70	-12	-14	-41	-14	-65
Repurchase of Common Equity	-67	-32	-47	-73	-47	-47	-26	-43	-40	-100	-88
Payment of Dividends	-11	-11	-11	-11	-11	-11	-11	-11	-11	-11	-12
Other Financing Activities, net	-16	-0.60	-	0.20	-17	-0.10	-	-0.10	-12	-0.50	-0.10
Cash Interest Paid	1.70	0.60	1.80	3.00	0.50	1.50	2.50	2.10	5.00	2.60	5.20
Cash Income Taxes Paid	1.60	59	29	-115	1.10	13	24	1.50	-30	2.80	0.70

This table presents Matson's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,595	4,295	4,330	3,693	2,901	2,845	2,430	2,252	2,016	1,670
Total Current Assets	610	602	760	705	306	290	318	266	274	278
Cash & Equivalents	267	134	250	282	14	21	20	20	14	26
Accounts Receivable	269	279	269	344	253	206	224	195	190	193
Prepaid Expenses	74	189	241	78	38	63	75	52	71	60
Plant, Property, & Equipment, net	2,261	2,090	1,963	1,878	1,690	1,598	1,367	1,166	949	860
Total Noncurrent Assets	1,725	1,602	1,608	1,110	905	958	745	820	792	532
Long-Term Investments	84	86	81	59	49	76	87	93	82	66
Goodwill	328	328	328	328	328	328	328	328	324	242
Intangible Assets	159	176	175	181	192	203	214	225	237	139
Other Noncurrent Operating Assets	1,154	1,013	1,024	543	336	351	117	174	149	85
Total Liabilities & Shareholders' Equity	4,595	4,295	4,330	3,693	2,901	2,845	2,430	2,252	2,016	1,670
Total Liabilities	1,943	1,894	2,033	2,026	1,939	2,040	1,675	1,574	1,521	1,219
Total Current Liabilities	560	562	582	612	512	437	371	286	278	298
Short-Term Debt	40	40	77	65	59	48	42	31	32	22
Accounts Payable	269	278	256	308	283	236	247	175	171	165
Accrued Expenses	123	108	106	101	97	86	82	80	75	111
Other Current Liabilities	129	137	144	138	72	67	0.00	-	-	-
Total Noncurrent Liabilities	1,383	1,332	1,452	1,413	1,428	1,603	1,304	1,288	1,243	922
Long-Term Debt	351	389	428	550	686	910	814	826	707	408
Noncurrent Deferred & Payable Income Tax Liabilities	693	669	647	425	390	338	313	284	364	311
Other Noncurrent Operating Liabilities	339	273	377	438	353	355	177	178	172	94
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,652	2,401	2,297	1,667	961	806	755	677	495	451
Total Preferred & Common Equity	2,652	2,401	2,297	1,667	961	806	755	677	495	451
Total Common Equity	2,652	2,401	2,297	1,667	961	806	755	677	495	451
Common Stock	321	319	318	345	354	338	330	322	322	321
Retained Earnings	2,337	2,090	1,986	1,354	658	504	460	381	197	177
Accumulated Other Comprehensive Income / (Loss)	-6.50	-8.20	-6.90	-31	-51	-37	-35	-25	-24	-47

This table presents Matson's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,527	4,442	4,274	4,220	4,293	4,218	4,227	4,459
Total Current Assets	468	652	546	512	636	578	567	875
Cash & Equivalents	122	270	168	26	157	122	89	243
Accounts Receivable	271	311	308	303	305	285	283	329
Prepaid Expenses	75	70	70	183	174	171	195	303
Plant, Property, & Equipment, net	2,314	2,191	2,151	2,116	2,059	2,029	1,967	1,907
Total Noncurrent Assets	1,745	1,600	1,577	1,592	1,599	1,611	1,694	1,677
Long-Term Investments	91	93	86	85	81	80	82	87
Goodwill	328	328	328	328	328	328	328	328
Intangible Assets	156	164	169	173	181	184	188	178
Other Noncurrent Operating Assets	1,170	762	746	1,007	1,009	1,019	1,096	1,084
Total Liabilities & Shareholders' Equity	4,527	4,442	4,274	4,220	4,293	4,218	4,227	4,459
Total Liabilities	1,894	1,886	1,875	1,846	1,903	1,928	1,957	2,160
Total Current Liabilities	546	578	585	531	571	549	536	600
Short-Term Debt	40	40	40	40	40	42	46	57
Accounts Payable	274	294	291	278	294	271	268	293
Accrued Expenses	114	137	131	82	109	109	87	102
Other Current Liabilities	119	107	123	132	128	127	134	147
Total Noncurrent Liabilities	1,347	1,308	1,291	1,316	1,332	1,379	1,421	1,561
Long-Term Debt	341	360	370	379	399	409	418	461
Noncurrent Deferred & Payable Income Tax Liabilities	694	693	680	675	639	644	646	688
Other Noncurrent Operating Liabilities	313	105	111	261	294	327	358	411
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,633	2,557	2,399	2,374	2,390	2,290	2,270	2,299
Total Preferred & Common Equity	2,633	2,557	2,399	2,374	2,390	2,290	2,270	2,299
Total Common Equity	2,633	2,557	2,399	2,374	2,390	2,290	2,270	2,299
Common Stock	309	315	310	306	315	309	307	319
Retained Earnings	2,331	2,251	2,099	2,078	2,084	1,989	1,970	2,014
Accumulated Other Comprehensive Income / (Loss)	-6.80	-10	-10	-9.80	-9.30	-7.90	-6.30	-34

This table displays calculated financial ratios and metrics derived from Matson's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.57%	-28.75%	10.64%	64.70%	8.18%	-0.89%	8.59%	5.42%	3.01%	9.96%
EBITDA Growth	32.47%	-60.77%	15.22%	190.78%	53.88%	9.22%	0.47%	2.13%	-4.03%	31.20%
EBIT Growth	59.97%	-74.36%	14.09%	316.86%	119.80%	-21.69%	11.38%	-3.36%	-21.24%	40.21%
NOPAT Growth	60.48%	-74.36%	13.26%	349.91%	111.00%	-18.07%	-55.52%	178.05%	-14.05%	40.77%
Net Income Growth	60.35%	-72.07%	14.72%	380.27%	133.49%	-24.13%	-52.81%	183.78%	-20.97%	45.48%
EPS Growth	67.43%	-69.26%	26.08%	383.56%	132.46%	-24.51%	-52.71%	186.10%	-20.09%	43.56%
Operating Cash Flow Growth	50.40%	-59.86%	29.25%	128.97%	72.75%	-18.43%	35.62%	42.52%	-35.67%	48.04%
Free Cash Flow Firm Growth	167.55%	-75.10%	-16.62%	175.85%	472.09%	-268.71%	408.38%	95.21%	14.94%	-292.51%
Invested Capital Growth	3.12%	5.65%	27.28%	18.14%	-1.43%	10.74%	5.90%	24.95%	44.24%	107.75%
Revenue Q/Q Growth	3.05%	-0.41%	-9.68%	16.88%	7.17%	-1.09%	2.24%	-0.16%	1.28%	2.80%
EBITDA Q/Q Growth	8.97%	-3.57%	-18.22%	33.93%	27.86%	1.50%	0.68%	-3.70%	-0.99%	1.61%
EBIT Q/Q Growth	14.89%	-4.88%	-21.92%	42.81%	48.55%	-4.05%	3.68%	-7.66%	-5.33%	-1.75%
NOPAT Q/Q Growth	16.99%	-6.23%	-23.29%	48.99%	48.72%	-3.56%	-57.70%	168.04%	-4.10%	-0.64%
Net Income Q/Q Growth	15.97%	-4.99%	-22.93%	49.94%	56.86%	-5.70%	-57.14%	171.45%	-7.50%	-1.15%
EPS Q/Q Growth	16.47%	-8.17%	-20.03%	51.30%	56.89%	-5.91%	-57.19%	174.36%	-7.43%	-1.27%
Operating Cash Flow Q/Q Growth	8.99%	-10.20%	-15.39%	32.57%	26.71%	-11.90%	8.58%	3.50%	-9.21%	7.31%
Free Cash Flow Firm Q/Q Growth	60.83%	-28.92%	-30.02%	61.08%	183.48%	-169.59%	225.91%	-133.97%	2.87%	-16.19%
Invested Capital Q/Q Growth	-1.89%	0.75%	-0.67%	4.12%	0.68%	5.93%	-3.56%	14.12%	-3.55%	-3.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.01%	20.16%	35.26%	34.84%	20.10%	14.76%	15.65%	15.92%	16.69%	19.88%
EBITDA Margin	25.50%	21.29%	38.66%	37.13%	21.03%	14.78%	13.42%	14.50%	14.97%	16.06%
Operating Margin	16.11%	11.08%	31.17%	30.25%	11.76%	5.86%	7.37%	7.20%	8.07%	10.41%
EBIT Margin	16.32%	11.28%	31.36%	30.42%	12.02%	5.91%	7.49%	7.30%	7.96%	10.41%
Profit (Net Income) Margin	13.92%	9.60%	24.50%	23.63%	8.10%	3.75%	4.90%	11.29%	4.19%	5.46%
Tax Burden Percent	79.48%	79.65%	78.67%	79.18%	74.56%	76.72%	73.80%	184.50%	62.38%	57.93%
Interest Burden Percent	107.30%	106.82%	99.28%	98.11%	90.43%	82.73%	88.76%	83.80%	84.41%	90.58%
Effective Tax Rate	20.52%	20.35%	21.33%	20.82%	25.44%	23.28%	26.20%	-84.50%	37.62%	42.07%
Return on Invested Capital (ROIC)	16.53%	10.75%	48.28%	52.47%	12.63%	6.25%	8.26%	21.24%	10.15%	19.47%
ROIC Less NNEP Spread (ROIC-NNEP)	47.22%	23.31%	47.82%	49.78%	10.57%	4.22%	6.67%	15.36%	6.82%	13.41%
Return on Net Nonoperating Assets (RNNOA)	2.33%	1.90%	5.39%	18.09%	9.23%	4.35%	6.96%	18.17%	7.07%	5.83%
Return on Equity (ROE)	18.86%	12.65%	53.67%	70.56%	21.86%	10.60%	15.22%	39.42%	17.22%	25.29%
Cash Return on Invested Capital (CROIC)	13.46%	5.25%	24.27%	35.83%	14.07%	-3.94%	2.53%	-0.94%	-26.08%	-50.55%
Operating Return on Assets (OROA)	12.57%	8.10%	33.95%	36.21%	9.97%	4.94%	7.11%	7.00%	8.39%	12.78%
Return on Assets (ROA)	10.72%	6.89%	26.52%	28.13%	6.72%	3.14%	4.66%	10.83%	4.42%	6.71%
Return on Common Equity (ROCE)	18.86%	12.65%	53.67%	70.56%	21.86%	10.60%	15.22%	39.42%	17.22%	25.29%
Return on Equity Simple (ROE_SIMPLE)	17.96%	12.38%	46.32%	55.62%	20.09%	10.26%	14.43%	34.11%	16.45%	22.86%
Net Operating Profit after Tax (NOPAT)	438	273	1,065	940	209	99	121	272	98	114
NOPAT Margin	12.81%	8.82%	24.52%	23.95%	8.77%	4.50%	5.44%	13.28%	5.03%	6.03%
Net Nonoperating Expense Percent (NNEP)	-30.69%	-12.56%	0.46%	2.69%	2.06%	2.03%	1.59%	5.88%	3.33%	6.06%
Return On Investment Capital (ROIC_SIMPLE)	14.40%	9.65%	38.01%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	74.99%	79.84%	64.74%	65.16%	79.90%	85.24%	84.35%	84.08%	83.31%	80.12%
SG&A Expenses to Revenue	8.87%	9.15%	6.01%	6.03%	9.44%	9.84%	9.93%	10.10%	9.43%	10.35%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.90%	9.08%	4.10%	4.59%	8.34%	8.90%	8.28%	8.73%	8.62%	9.47%
Earnings before Interest and Taxes (EBIT)	559	349	1,362	1,194	286	130	166	149	155	196
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	873	659	1,679	1,457	501	326	298	297	291	303
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.68	1.57	1.00	2.18	2.42	2.01	1.64	1.65	2.64	3.48
Price to Tangible Book Value (P/TBV)	2.06	1.99	1.28	3.14	5.27	5.88	5.79	9.01	0.00	22.44
Price to Revenue (P/Rev)	1.31	1.22	0.53	0.93	0.98	0.73	0.56	0.55	0.67	0.83
Price to Earnings (P/E)	9.38	12.72	2.16	3.92	12.04	19.56	11.34	4.85	16.05	15.23
Dividend Yield	0.98%	1.16%	2.01%	1.22%	1.67%	2.28%	2.83%	2.96%	2.43%	1.94%
Earnings Yield	10.67%	7.86%	46.37%	25.49%	8.30%	5.11%	8.81%	20.63%	6.23%	6.57%
Enterprise Value to Invested Capital (EV/IC)	1.67	1.53	1.00	2.02	1.83	1.49	1.32	1.31	1.71	2.42
Enterprise Value to Revenue (EV/Rev)	1.32	1.29	0.57	1.00	1.26	1.13	0.89	0.91	1.00	1.01
Enterprise Value to EBITDA (EV/EBITDA)	5.16	6.06	1.47	2.68	6.00	7.61	6.66	6.28	6.71	6.30
Enterprise Value to EBIT (EV/EBIT)	8.07	11.43	1.81	3.28	10.50	19.02	11.94	12.47	12.61	9.71
Enterprise Value to NOPAT (EV/NOPAT)	10.28	14.61	2.32	4.16	14.39	25.03	16.43	6.86	19.94	16.77
Enterprise Value to Operating Cash Flow (EV/OCF)	5.87	7.82	1.94	3.98	7.00	9.96	6.51	8.29	12.35	7.77
Enterprise Value to Free Cash Flow (EV/FCFF)	12.63	29.92	4.61	6.09	12.92	0.00	53.57	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.18	0.22	0.37	0.77	1.19	1.13	1.27	1.49	0.95
Long-Term Debt to Equity	0.13	0.16	0.19	0.33	0.71	1.13	1.08	1.22	1.43	0.91
Financial Leverage	0.05	0.08	0.11	0.36	0.87	1.03	1.04	1.18	1.04	0.43
Leverage Ratio	1.76	1.84	2.02	2.51	3.25	3.38	3.27	3.64	3.90	3.77
Compound Leverage Factor	1.89	1.96	2.01	2.46	2.94	2.80	2.90	3.05	3.29	3.42
Debt to Total Capital	12.83%	15.16%	18.01%	26.94%	43.66%	54.33%	53.14%	55.86%	59.89%	48.82%
Short-Term Debt to Total Capital	1.30%	1.40%	2.75%	2.85%	3.47%	2.74%	2.61%	2.01%	2.58%	2.50%
Long-Term Debt to Total Capital	11.53%	13.76%	15.27%	24.09%	40.19%	51.58%	50.52%	53.86%	57.31%	46.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	87.17%	84.84%	81.99%	73.06%	56.34%	45.67%	46.86%	44.14%	40.11%	51.18%
Debt to EBITDA	0.45	0.65	0.30	0.42	1.49	2.94	2.87	2.89	2.54	1.42
Net Debt to EBITDA	0.05	0.32	0.10	0.19	1.36	2.64	2.51	2.51	2.21	1.12
Long-Term Debt to EBITDA	0.40	0.59	0.25	0.38	1.37	2.79	2.73	2.78	2.43	1.35
Debt to NOPAT	0.89	1.57	0.47	0.65	3.56	9.68	7.08	3.15	7.56	3.78
Net Debt to NOPAT	0.09	0.77	0.16	0.29	3.26	8.69	6.20	2.74	6.57	2.97
Long-Term Debt to NOPAT	0.80	1.43	0.40	0.58	3.28	9.19	6.74	3.04	7.23	3.59
Altman Z-Score	3.25	2.88	3.41	3.75	2.10	1.59	1.82	1.78	1.87	2.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.07	1.31	1.15	0.60	0.66	0.86	0.93	0.99	0.93
Quick Ratio	0.96	0.74	0.89	1.02	0.52	0.52	0.66	0.75	0.73	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	357	133	535	642	233	-63	37	-12	-251	-295
Operating Cash Flow to CapEx	368.07%	262.74%	872.96%	319.00%	481.84%	283.37%	0.00%	407.43%	185.87%	527.53%
Free Cash Flow to Firm to Interest Expense	47.57	10.93	29.75	28.41	8.50	-2.78	1.98	-0.50	-10.42	-15.96
Operating Cash Flow to Interest Expense	102.37	41.84	70.66	43.54	15.69	11.06	16.31	9.29	6.55	13.26
Operating Cash Flow Less CapEx to Interest Expense	74.56	25.92	62.57	29.89	12.43	7.16	20.25	7.01	3.02	10.75
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.72	1.08	1.19	0.83	0.84	0.95	0.96	1.05	1.23
Accounts Receivable Turnover	12.48	11.30	14.19	13.15	10.38	10.26	10.63	10.66	10.16	9.66
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.57	1.53	2.26	2.20	1.45	1.49	1.76	1.94	2.15	2.43
Accounts Payable Turnover	9.39	9.26	9.97	8.65	7.34	7.78	8.89	9.96	9.65	10.13
Days Sales Outstanding (DSO)	29.24	32.31	25.73	27.76	35.17	35.59	34.34	34.25	35.93	37.80
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.86	39.41	36.61	42.21	49.72	46.89	41.06	36.65	37.84	36.03
Cash Conversion Cycle (CCC)	-9.62	-7.10	-10.88	-14.45	-14.55	-11.30	-6.72	-2.40	-1.91	1.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,692	2,610	2,471	1,941	1,643	1,667	1,505	1,421	1,138	789
Invested Capital Turnover	1.29	1.22	1.97	2.19	1.44	1.39	1.52	1.60	2.02	3.23
Increase / (Decrease) in Invested Capital	81	140	530	298	-24	162	84	284	349	409
Enterprise Value (EV)	4,506	3,990	2,468	3,912	3,007	2,479	1,986	1,864	1,949	1,907
Market Capitalization	4,467	3,780	2,294	3,638	2,325	1,618	1,237	1,120	1,306	1,569
Book Value per Share	$79.86	$68.72	$60.80	$39.67	$22.31	$18.80	$17.69	$15.95	$11.55	$10.35
Tangible Book Value per Share	$65.18	$54.29	$47.49	$27.56	$10.25	$6.42	$5.00	$2.93	($1.53)	$1.61
Total Capital	3,043	2,830	2,802	2,282	1,706	1,764	1,612	1,534	1,234	881
Total Debt	391	429	505	615	745	958	856	857	739	430
Total Long-Term Debt	351	389	428	550	686	910	814	826	707	408
Net Debt	40	210	174	274	682	861	750	744	643	338
Capital Expenditures (CapEx)	209	194	146	309	89	88	-74	55	85	47
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-178	-54	5.10	-125	-161	-120	-30	-9.30	15	-23
Debt-free Net Working Capital (DFNWC)	89	80	255	157	-146	-99	-10	11	28	2.30
Net Working Capital (NWC)	49	40	178	92	-206	-147	-52	-20	-3.40	-20
Net Nonoperating Expense (NNE)	-38	-24	1.02	13	16	16	12	41	16	11
Net Nonoperating Obligations (NNO)	40	210	174	274	682	861	750	744	643	338
Total Depreciation and Amortization (D&A)	314	310	317	264	215	195	132	147	136	107
Debt-free, Cash-free Net Working Capital to Revenue	-5.20%	-1.75%	0.12%	-3.19%	-6.75%	-5.44%	-1.35%	-0.45%	0.75%	-1.23%
Debt-free Net Working Capital to Revenue	2.60%	2.58%	5.87%	4.00%	-6.14%	-4.48%	-0.46%	0.51%	1.46%	0.12%
Net Working Capital to Revenue	1.44%	1.29%	4.10%	2.35%	-8.63%	-6.68%	-2.36%	-0.99%	-0.18%	-1.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$14.14	$8.42	$27.28	$21.67	$0.00	$0.00	$0.00	$5.41	$1.87	$2.37
Adjusted Weighted Average Basic Shares Outstanding	33.70M	35.30M	39M	42.80M	0.00	0.00	0.00	42.90M	43.10M	43.50M
Adjusted Diluted Earnings per Share	$13.93	$8.32	$27.07	$21.47	$0.00	$0.00	$0.00	$5.37	$1.85	$2.34
Adjusted Weighted Average Diluted Shares Outstanding	34.20M	35.70M	39.30M	43.20M	0.00	0.00	0.00	43.20M	43.50M	44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.86M	34.50M	36.11M	40.88M	0.00	0.00	0.00	42.65M	43.12M	43.44M
Normalized Net Operating Profit after Tax (NOPAT)	438	273	1,065	940	209	99	121	103	98	114
Normalized NOPAT Margin	12.81%	8.82%	24.52%	23.95%	8.77%	4.50%	5.44%	5.04%	5.03%	6.03%
Pre Tax Income Margin	17.52%	12.05%	31.14%	29.84%	10.87%	4.89%	6.64%	6.12%	6.72%	9.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	74.48	28.62	75.67	52.83	10.45	5.79	8.90	6.17	6.41	10.61
NOPAT to Interest Expense	58.42	22.38	59.16	41.60	7.63	4.40	6.46	11.23	4.06	6.15
EBIT Less CapEx to Interest Expense	46.67	12.70	67.58	39.18	7.20	1.89	12.84	3.89	2.89	8.10
NOPAT Less CapEx to Interest Expense	30.61	6.45	51.07	27.95	4.37	0.50	10.41	8.95	0.53	3.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.40%	15.15%	4.51%	4.95%	20.30%	44.98%	32.48%	14.63%	39.56%	29.90%
Augmented Payout Ratio	51.20%	67.38%	41.83%	26.33%	20.30%	44.98%	32.48%	22.99%	86.24%	34.66%

This table displays calculated financial ratios and metrics derived from Matson's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.30%	12.85%	16.25%	9.57%	2.45%	-1.58%	-25.77%	-38.67%	-39.53%	-36.73%	4.03%
EBITDA Growth	42.54%	48.84%	55.67%	16.49%	-4.18%	-12.83%	-50.07%	-69.24%	-76.20%	-68.28%	-5.92%
EBIT Growth	118.35%	94.15%	83.20%	28.32%	-4.44%	-18.88%	-60.54%	-80.10%	-90.68%	-80.13%	-11.04%
NOPAT Growth	118.94%	114.11%	68.92%	31.57%	-1.22%	-24.37%	-57.68%	-80.43%	-91.28%	-81.44%	-6.56%
Net Income Growth	100.28%	105.13%	66.06%	40.10%	6.18%	-20.00%	-54.92%	-78.78%	-89.98%	-80.23%	-6.07%
EPS Growth	109.62%	114.53%	73.24%	46.46%	10.64%	-30.08%	-50.65%	-76.19%	-88.58%	-73.38%	5.51%
Operating Cash Flow Growth	143.17%	56.82%	62.91%	105.54%	-62.15%	-34.24%	-62.91%	-64.09%	-64.70%	-57.73%	19.42%
Free Cash Flow Firm Growth	37.86%	145.19%	306.82%	89.43%	82.73%	81.58%	102.63%	-473.38%	-1,520.98%	-560.85%	-768.07%
Invested Capital Growth	4.44%	3.12%	5.89%	5.75%	4.57%	5.65%	4.17%	26.00%	26.59%	27.28%	33.42%
Revenue Q/Q Growth	-12.16%	-7.45%	13.52%	17.35%	-8.47%	-4.66%	7.00%	9.73%	-12.08%	-28.09%	-11.60%
EBITDA Q/Q Growth	-26.30%	-30.36%	56.96%	76.32%	-23.88%	-27.16%	17.45%	45.05%	-30.59%	-58.28%	-27.64%
EBIT Q/Q Growth	-43.40%	-38.86%	93.20%	226.62%	-49.67%	-42.31%	35.33%	143.21%	-57.28%	-71.94%	-31.74%
NOPAT Q/Q Growth	-46.05%	-37.46%	93.61%	235.19%	-47.24%	-50.66%	50.81%	151.64%	-59.61%	-72.39%	-30.26%
Net Income Q/Q Growth	-43.52%	-35.71%	75.88%	213.57%	-42.15%	-47.96%	48.39%	137.65%	-56.41%	-70.68%	-30.13%
EPS Q/Q Growth	-40.92%	-37.35%	77.95%	218.27%	-39.53%	-49.41%	50.44%	140.43%	-61.79%	-64.30%	-27.40%
Operating Cash Flow Q/Q Growth	-49.06%	-29.73%	-19.26%	741.26%	-67.15%	-27.00%	1.87%	54.91%	-42.92%	-58.82%	-1.39%
Free Cash Flow Firm Q/Q Growth	-243.95%	-0.49%	180.39%	46.03%	63.87%	-995.80%	102.09%	11.80%	-11.64%	-28.02%	-396.22%
Invested Capital Q/Q Growth	4.06%	-1.89%	2.21%	0.09%	-3.17%	0.75%	2.08%	-1.03%	3.80%	-0.67%	23.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.30%	26.71%	31.99%	23.66%	15.22%	18.32%	24.58%	21.81%	15.22%	20.03%	33.76%
EBITDA Margin	21.25%	25.33%	33.66%	24.35%	16.20%	19.20%	25.14%	22.90%	17.32%	21.68%	37.37%
Operating Margin	10.50%	16.57%	25.19%	14.70%	5.11%	9.54%	15.96%	12.50%	5.49%	11.55%	30.08%
EBIT Margin	10.81%	16.77%	25.38%	14.92%	5.36%	9.75%	16.11%	12.74%	5.75%	11.83%	30.30%
Profit (Net Income) Margin	9.25%	14.38%	20.70%	13.36%	5.00%	7.91%	14.49%	10.45%	4.82%	9.73%	23.86%
Tax Burden Percent	78.42%	80.91%	78.76%	79.11%	79.69%	74.02%	85.52%	77.47%	76.92%	79.59%	79.62%
Interest Burden Percent	109.11%	105.96%	103.52%	113.21%	117.05%	109.62%	105.18%	105.89%	109.14%	103.38%	98.90%
Effective Tax Rate	21.58%	19.09%	21.24%	20.89%	20.31%	25.98%	14.48%	22.53%	23.08%	20.41%	20.38%
Return on Invested Capital (ROIC)	10.46%	17.30%	24.70%	14.19%	4.83%	8.61%	16.71%	14.45%	7.14%	18.10%	52.92%
ROIC Less NNEP Spread (ROIC-NNEP)	13.79%	24.25%	28.97%	19.68%	7.05%	12.08%	20.27%	23.58%	9.21%	20.03%	52.65%
Return on Net Nonoperating Assets (RNNOA)	1.31%	1.20%	2.27%	2.24%	0.91%	0.99%	1.68%	0.69%	0.90%	2.26%	10.23%
Return on Equity (ROE)	11.77%	18.50%	26.96%	16.43%	5.75%	9.59%	18.39%	15.13%	8.05%	20.36%	63.15%
Cash Return on Invested Capital (CROIC)	12.92%	13.46%	8.32%	5.75%	5.93%	5.25%	7.39%	-3.45%	9.35%	24.27%	35.17%
Operating Return on Assets (OROA)	8.60%	12.91%	19.30%	11.19%	3.95%	7.00%	11.44%	10.32%	5.44%	12.80%	37.93%
Return on Assets (ROA)	7.36%	11.07%	15.73%	10.02%	3.68%	5.68%	10.29%	8.47%	4.57%	10.53%	29.87%
Return on Common Equity (ROCE)	11.77%	18.50%	26.96%	16.43%	5.75%	9.59%	18.39%	15.13%	8.05%	20.36%	63.15%
Return on Equity Simple (ROE_SIMPLE)	19.47%	0.00%	16.07%	13.83%	12.60%	0.00%	13.08%	20.03%	33.42%	0.00%	60.05%
Net Operating Profit after Tax (NOPAT)	64	119	191	99	29	56	113	75	30	74	267
NOPAT Margin	8.23%	13.40%	19.84%	11.63%	4.07%	7.07%	13.65%	9.69%	4.22%	9.19%	23.95%
Net Nonoperating Expense Percent (NNEP)	-3.33%	-6.95%	-4.27%	-5.48%	-2.22%	-3.48%	-3.56%	-9.14%	-2.07%	-1.92%	0.27%
Return On Investment Capital (ROIC_SIMPLE)	2.14%	3.92%	-	-	-	1.97%	-	-	-	2.63%	-
Cost of Revenue to Revenue	80.70%	73.29%	68.01%	76.34%	84.78%	81.68%	75.42%	78.19%	84.78%	79.97%	66.24%
SG&A Expenses to Revenue	9.64%	9.08%	7.52%	9.10%	10.16%	9.29%	8.77%	9.13%	9.48%	8.61%	5.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.80%	10.14%	6.80%	8.96%	10.11%	8.77%	8.62%	9.31%	9.73%	8.48%	3.69%
Earnings before Interest and Taxes (EBIT)	85	149	244	126	39	77	133	99	41	95	338
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	166	226	324	206	117	152	208	177	122	174	417
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.60	1.68	1.87	1.86	1.65	1.57	1.29	1.20	0.93	1.00	1.01
Price to Tangible Book Value (P/TBV)	1.96	2.06	2.32	2.35	2.08	1.99	1.64	1.54	1.20	1.28	1.30
Price to Revenue (P/Rev)	1.21	1.31	1.44	1.40	1.26	1.22	1.00	0.81	0.54	0.53	0.48
Price to Earnings (P/E)	8.22	9.38	11.66	13.46	13.05	12.72	9.89	5.98	2.78	2.16	1.69
Dividend Yield	1.05%	0.98%	0.91%	0.98%	1.14%	1.16%	1.43%	1.62%	2.10%	2.01%	2.02%
Earnings Yield	12.17%	10.67%	8.58%	7.43%	7.66%	7.86%	10.11%	16.71%	35.92%	46.37%	59.25%
Enterprise Value to Invested Capital (EV/IC)	1.56	1.67	1.81	1.77	1.57	1.53	1.27	1.18	0.94	1.00	1.01
Enterprise Value to Revenue (EV/Rev)	1.26	1.32	1.50	1.49	1.35	1.29	1.06	0.88	0.62	0.57	0.52
Enterprise Value to EBITDA (EV/EBITDA)	4.75	5.16	6.21	6.93	6.42	6.06	4.82	3.36	1.86	1.47	1.23
Enterprise Value to EBIT (EV/EBIT)	7.25	8.07	10.23	12.65	12.13	11.43	8.97	5.24	2.49	1.81	1.44
Enterprise Value to NOPAT (EV/NOPAT)	9.26	10.28	13.29	16.03	15.45	14.61	11.31	6.72	3.19	2.32	1.81
Enterprise Value to Operating Cash Flow (EV/OCF)	5.34	5.87	7.06	7.80	9.35	7.82	5.80	3.62	2.20	1.94	1.68
Enterprise Value to Free Cash Flow (EV/FCFF)	12.37	12.63	22.43	31.61	27.11	29.92	17.56	0.00	11.21	4.61	3.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.14	0.15	0.22	0.23	0.18	0.18	0.18	0.20	0.20	0.22	0.23
Long-Term Debt to Equity	0.13	0.13	0.20	0.21	0.16	0.16	0.17	0.18	0.18	0.19	0.20
Financial Leverage	0.10	0.05	0.08	0.11	0.13	0.08	0.08	0.03	0.10	0.11	0.19
Leverage Ratio	1.75	1.76	1.77	1.81	1.82	1.84	1.87	1.89	1.96	2.02	2.11
Compound Leverage Factor	1.91	1.86	1.83	2.05	2.13	2.01	1.96	2.01	2.14	2.09	2.09
Debt to Total Capital	12.63%	12.83%	17.71%	18.38%	15.01%	15.16%	15.50%	16.43%	16.98%	18.01%	18.41%
Short-Term Debt to Total Capital	1.32%	1.30%	1.28%	1.35%	1.42%	1.40%	1.40%	1.52%	1.69%	2.75%	2.03%
Long-Term Debt to Total Capital	11.31%	11.53%	16.44%	17.03%	13.58%	13.76%	14.09%	14.91%	15.28%	15.27%	16.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	87.37%	87.17%	82.29%	81.62%	84.99%	84.84%	84.50%	83.57%	83.02%	81.99%	81.59%
Debt to EBITDA	0.41	0.45	0.69	0.79	0.64	0.65	0.64	0.50	0.36	0.30	0.25
Net Debt to EBITDA	0.18	0.05	0.23	0.42	0.47	0.32	0.29	0.28	0.23	0.10	0.09
Long-Term Debt to EBITDA	0.37	0.40	0.64	0.73	0.58	0.59	0.58	0.46	0.32	0.25	0.22
Debt to NOPAT	0.80	0.89	1.47	1.82	1.54	1.57	1.51	1.01	0.62	0.47	0.37
Net Debt to NOPAT	0.35	0.09	0.50	0.96	1.13	0.77	0.69	0.56	0.39	0.16	0.14
Long-Term Debt to NOPAT	0.72	0.80	1.36	1.69	1.39	1.43	1.37	0.92	0.55	0.40	0.33
Altman Z-Score	2.87	2.96	3.18	2.95	2.72	2.67	2.50	2.40	2.26	2.44	2.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	1.09	1.13	0.93	0.97	1.07	1.11	1.05	1.06	1.31	1.46
Quick Ratio	0.72	0.96	1.01	0.81	0.62	0.74	0.81	0.74	0.69	0.89	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-55	38	38	-47	-88	-84	9.37	-449	-509	-456	-356
Operating Cash Flow to CapEx	399.10%	256.53%	437.68%	968.24%	70.52%	188.81%	254.76%	372.64%	274.72%	518.04%	906.17%
Free Cash Flow to Firm to Interest Expense	-32.13	27.10	21.18	-22.59	-39.95	-34.98	3.91	-154.75	-113.07	-123.19	-71.21
Operating Cash Flow to Interest Expense	52.35	124.79	138.11	146.62	16.64	46.42	63.58	51.66	21.49	45.78	82.28
Operating Cash Flow Less CapEx to Interest Expense	39.24	76.14	106.56	131.48	-6.95	21.83	38.63	37.79	13.67	36.95	73.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.77	0.76	0.75	0.74	0.72	0.71	0.81	0.95	1.08	1.25
Accounts Receivable Turnover	12.14	12.48	10.78	10.75	10.62	11.30	9.81	10.20	11.87	14.19	14.64
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.57	1.57	1.56	1.52	1.52	1.53	1.57	1.73	2.01	2.26	2.58
Accounts Payable Turnover	9.37	9.39	8.70	8.99	9.11	9.26	8.41	8.97	9.49	9.97	9.86
Days Sales Outstanding (DSO)	30.06	29.24	33.87	33.97	34.35	32.31	37.22	35.78	30.76	25.73	24.94
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.94	38.86	41.95	40.61	40.08	39.41	43.41	40.71	38.45	36.61	37.03
Cash Conversion Cycle (CCC)	-8.88	-9.62	-8.07	-6.64	-5.73	-7.10	-6.19	-4.93	-7.69	-10.88	-12.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,801	2,692	2,744	2,684	2,682	2,610	2,591	2,538	2,565	2,471	2,487
Invested Capital Turnover	1.27	1.29	1.24	1.22	1.19	1.22	1.22	1.49	1.69	1.97	2.21
Increase / (Decrease) in Invested Capital	119	81	153	146	117	140	104	524	539	530	623
Enterprise Value (EV)	4,380	4,506	4,976	4,749	4,213	3,990	3,295	2,993	2,406	2,468	2,518
Market Capitalization	4,212	4,467	4,789	4,464	3,905	3,780	3,094	2,745	2,112	2,294	2,330
Book Value per Share	$80.12	$79.86	$76.14	$70.20	$69.01	$68.72	$67.73	$63.87	$62.88	$60.80	$58.97
Tangible Book Value per Share	$65.39	$65.18	$61.49	$55.65	$54.46	$54.29	$53.32	$49.58	$48.59	$47.49	$45.99
Total Capital	3,014	3,043	3,107	2,939	2,793	2,830	2,829	2,740	2,735	2,802	2,817
Total Debt	381	391	550	540	419	429	438	450	464	505	519
Total Long-Term Debt	341	351	511	501	379	389	399	409	418	428	461
Net Debt	168	40	187	286	308	210	201	248	294	174	189
Capital Expenditures (CapEx)	22	68	57	32	52	59	60	40	35	33	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-161	-178	-157	-167	-4.70	-54	-52	-52	-11	5.10	89
Debt-free Net Working Capital (DFNWC)	-39	89	114	1.40	21	80	105	71	77	255	332
Net Working Capital (NWC)	-78	49	74	-38	-19	40	65	29	31	178	275
Net Nonoperating Expense (NNE)	-7.92	-8.66	-8.27	-15	-6.69	-6.66	-6.93	-5.89	-4.23	-4.30	0.96
Net Nonoperating Obligations (NNO)	168	40	187	286	308	210	201	248	294	174	189
Total Depreciation and Amortization (D&A)	82	76	80	80	78	75	75	79	82	79	79
Debt-free, Cash-free Net Working Capital to Revenue	-4.62%	-5.20%	-4.71%	-5.24%	-0.15%	-1.75%	-1.66%	-1.52%	-0.29%	0.12%	1.85%
Debt-free Net Working Capital to Revenue	-1.11%	2.60%	3.43%	0.04%	0.68%	2.58%	3.38%	2.08%	1.99%	5.87%	6.90%
Net Working Capital to Revenue	-2.25%	1.44%	2.23%	-1.20%	-0.59%	1.29%	2.10%	0.85%	0.80%	4.10%	5.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.20	$3.77	$5.98	$3.34	$1.05	$1.78	$3.42	$2.28	$0.94	$2.50	$6.95
Adjusted Weighted Average Basic Shares Outstanding	32.80M	33.70M	33.30M	33.90M	34.40M	35.30M	35.10M	35.50M	36.10M	39M	38.30M
Adjusted Diluted Earnings per Share	$2.18	$3.69	$5.89	$3.31	$1.04	$1.72	$3.40	$2.26	$0.94	$2.46	$6.89
Adjusted Weighted Average Diluted Shares Outstanding	33.20M	34.20M	33.80M	34.20M	34.60M	35.70M	35.30M	35.70M	36.30M	39.30M	38.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.64M	32.86M	33.21M	33.58M	34.17M	34.50M	34.93M	35.29M	35.86M	36.11M	37.78M
Normalized Net Operating Profit after Tax (NOPAT)	64	119	191	99	29	56	113	75	30	74	267
Normalized NOPAT Margin	8.23%	13.40%	19.84%	11.63%	4.07%	7.07%	13.65%	9.69%	4.22%	9.19%	23.95%
Pre Tax Income Margin	11.79%	17.77%	26.28%	16.89%	6.27%	10.69%	16.94%	13.49%	6.27%	12.23%	29.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	49.71	106.64	135.67	60.19	17.59	32.04	55.54	33.97	9.00	25.62	67.56
NOPAT to Interest Expense	37.87	85.24	106.02	46.94	13.37	23.22	47.07	25.83	6.62	19.92	53.39
EBIT Less CapEx to Interest Expense	36.59	58.00	104.11	45.05	-6.00	7.46	30.58	20.10	1.18	16.78	58.48
NOPAT Less CapEx to Interest Expense	24.75	36.60	74.46	31.79	-10.22	-1.36	22.11	11.97	-1.21	11.08	44.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.78%	9.40%	10.88%	13.48%	14.97%	15.15%	14.36%	9.90%	6.12%	4.51%	3.59%
Augmented Payout Ratio	51.44%	51.20%	63.07%	71.62%	69.28%	67.38%	80.97%	68.96%	54.44%	41.83%	31.08%

Frequently Asked Questions About Matson's Financials

When does Matson's fiscal year end?

According to the most recent income statement we have on file, Matson's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Matson's net income changed over the last 9 years?

Matson's net income appears to be on an upward trend, with a most recent value of $476.40 million in 2024, rising from $103 million in 2015. The previous period was $297.10 million in 2023. Check out Matson's forecast to explore projected trends and price targets.

What is Matson's operating income?

Matson's total operating income in 2024 was $551.30 million, based on the following breakdown:

Total Gross Profit: $855.90 million
Total Operating Expenses: $304.60 million

How has Matson revenue changed over the last 9 years?

Over the last 9 years, Matson's total revenue changed from $1.88 billion in 2015 to $3.42 billion in 2024, a change of 81.5%.

How much debt does Matson have?

Matson's total liabilities were at $1.94 billion at the end of 2024, a 2.6% increase from 2023, and a 59.4% increase since 2015.

How much cash does Matson have?

In the past 9 years, Matson's cash and equivalents has ranged from $13.90 million in 2016 to $282.40 million in 2021, and is currently $266.80 million as of their latest financial filing in 2024.

How has Matson's book value per share changed over the last 9 years?

Over the last 9 years, Matson's book value per share changed from 10.35 in 2015 to 79.86 in 2024, a change of 671.8%.

Related Companies

This page (NYSE:MATX) was last updated on 5/28/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Matson (MATX) Financials

Frequently Asked Questions About Matson's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Matson (MATX) Financials

Annual Income Statements for Matson

Quarterly Income Statements for Matson

Annual Cash Flow Statements for Matson

Quarterly Cash Flow Statements for Matson

Annual Balance Sheets for Matson

Quarterly Balance Sheets for Matson

Annual Metrics And Ratios for Matson

Quarterly Metrics And Ratios for Matson

Frequently Asked Questions About Matson's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools