Matson (MATX) Financials

$95.53 -14.54 (-13.21%)

As of 02:52 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	103	81	231	109	83	193	927	1,064	297	476
Consolidated Net Income / (Loss)	103	81	231	109	83	193	927	1,064	297	476
Net Income / (Loss) Continuing Operations	103	81	231	109	83	193	927	1,064	297	476
Total Pre-Tax Income	178	131	125	148	108	259	1,171	1,352	373	599
Total Operating Income	196	157	147	164	129	280	1,188	1,354	343	551
Total Gross Profit	375	324	326	348	325	479	1,368	1,532	624	856
Total Revenue	1,885	1,942	2,047	2,223	2,203	2,383	3,925	4,343	3,095	3,422
Operating Revenue	1,885	1,942	2,047	2,223	2,203	2,383	3,925	4,343	3,095	3,422
Total Cost of Revenue	1,510	1,618	1,721	1,875	1,878	1,904	2,558	2,812	2,471	2,566
Total Operating Expenses	179	167	179	184	196	199	180	178	281	305
Selling, General & Admin Expense	195	183	207	221	217	225	237	261	283	304
Other Operating Expenses / (Income)	-17	-16	-28	-37	-21	-26	-56	-83	-2.20	1.00
Total Other Income / (Expense), net	-19	-26	-22	-16	-21	-21	-16	-1.30	30	48
Interest Expense	19	24	24	19	23	27	23	18	12	7.50
Interest & Investment Income	-	-	-	-	-	0.00	0.00	8.20	36	48
Other Income / (Expense), net	-	-2.10	2.10	2.60	1.20	6.10	6.40	8.50	6.40	7.30
Income Tax Expense	75	49	-106	39	25	66	244	288	76	123
Basic Earnings per Share	$2.37	$1.89	$5.38	$2.55	$1.93	$4.48	$21.67	$27.28	$8.42	$14.14
Weighted Average Basic Shares Outstanding	43.50M	43.10M	42.90M	42.70M	42.80M	43.10M	42.80M	39M	35.30M	33.70M
Diluted Earnings per Share	$2.34	$1.87	$5.35	$2.53	$1.91	$4.44	$21.47	$27.07	$8.32	$13.93
Weighted Average Diluted Shares Outstanding	44M	43.50M	43.20M	43M	43.30M	43.50M	43.20M	39.30M	35.70M	34.20M
Weighted Average Basic & Diluted Shares Outstanding	43.50M	43.10M	42.90M	42.70M	43.04M	43.44M	40.88M	36.11M	34.50M	32.86M
Cash Dividends to Common per Share	$0.70	$0.74	$0.78	$0.82	$0.86	$0.90	$1.06	$1.22	$1.26	$1.32

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

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-368	7.00	-161	34	35	-24	-108	142	102	-5.90
Net Cash From Operating Activities	411	169	97	150	153	111	37	308	249	175
Net Cash From Continuing Operating Activities	411	169	97	150	153	111	37	308	249	175
Net Income / (Loss) Continuing Operations	266	78	34	81	120	62	36	113	199	128
Consolidated Net Income / (Loss)	266	78	34	81	120	62	36	113	199	128
Depreciation Expense	35	34	36	36	36	34	38	39	38	38
Amortization Expense	44	45	46	42	39	41	41	41	41	38
Non-Cash Adjustments To Reconcile Net Income	-44	121	-33	-30	-27	113	19	5.10	-104	119
Changes in Operating Assets and Liabilities, net	111	-109	14	21	-15	-138	-97	110	74	-148
Net Cash From Investing Activities	-614	-36	-154	-48	-69	-68	-59	-72	-78	-127
Net Cash From Continuing Investing Activities	-614	-36	-154	-48	-69	-68	-59	-72	-78	-127
Purchase of Property, Plant & Equipment	-45	-34	-36	-40	-60	-60	-54	-33	-58	-70
Acquisitions	-3.00	-	-12	-	-	-	0.00	-	-0.70	-0.10
Sale of Property, Plant & Equipment	-0.40	0.80	0.30	-0.20	-	1.10	2.30	0.90	1.20	1.50
Other Investing Activities, net	-566	-3.70	-106	-8.10	-9.00	-8.50	-7.10	-40	-20	-59
Net Cash From Financing Activities	-165	-126	-105	-68	-49	-68	-86	-93	-69	-53
Net Cash From Continuing Financing Activities	-165	-126	-105	-68	-49	-68	-86	-93	-69	-53
Repayment of Debt	-65	-14	-41	-14	-12	-9.70	-10	-9.80	-10	-9.70
Repurchase of Common Equity	-88	-100	-40	-43	-26	-47	-47	-73	-47	-32
Payment of Dividends	-12	-11	-11	-11	-11	-11	-11	-11	-11	-11
Other Financing Activities, net	-0.10	-0.50	-12	-0.10	-	-0.10	-17	0.20	-	-0.60
Cash Interest Paid	5.20	2.60	5.00	2.10	2.50	1.50	0.50	3.00	1.80	0.60
Cash Income Taxes Paid	0.70	2.80	-30	1.50	24	13	1.10	-115	29	59

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	4,459	4,227	4,218	4,293	4,220	4,274	4,442
Total Current Assets	875	567	578	636	512	546	652
Cash & Equivalents	243	89	122	157	26	168	270
Accounts Receivable	329	283	285	305	303	308	311
Prepaid Expenses	303	195	171	174	183	70	70
Plant, Property, & Equipment, net	1,907	1,967	2,029	2,059	2,116	2,151	2,191
Total Noncurrent Assets	1,677	1,694	1,611	1,599	1,592	1,577	1,600
Long-Term Investments	87	82	80	81	85	86	93
Noncurrent Note & Lease Receivables	-	-	-	-	-	248	253
Goodwill	328	328	328	328	328	328	328
Intangible Assets	178	188	184	181	173	169	164
Other Noncurrent Operating Assets	1,084	1,096	1,019	1,009	1,007	746	762
Total Liabilities & Shareholders' Equity	4,459	4,227	4,218	4,293	4,220	4,274	4,442
Total Liabilities	2,160	1,957	1,928	1,903	1,846	1,875	1,886
Total Current Liabilities	600	536	549	571	531	585	578
Short-Term Debt	57	46	42	40	40	40	40
Accounts Payable	293	268	271	294	278	291	294
Accrued Expenses	102	87	109	109	82	131	137
Other Current Liabilities	147	134	127	128	132	123	107
Total Noncurrent Liabilities	1,561	1,421	1,379	1,332	1,316	1,291	1,308
Long-Term Debt	461	418	409	399	379	370	360
Capital Lease Obligations	-	-	-	-	-	131	151
Noncurrent Deferred & Payable Income Tax Liabilities	688	646	644	639	675	680	693
Other Noncurrent Operating Liabilities	411	358	327	294	261	111	105
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,299	2,270	2,290	2,390	2,374	2,399	2,557
Total Preferred & Common Equity	2,299	2,270	2,290	2,390	2,374	2,399	2,557
Total Common Equity	2,299	2,270	2,290	2,390	2,374	2,399	2,557
Common Stock	319	307	309	315	306	310	315
Retained Earnings	2,014	1,970	1,989	2,084	2,078	2,099	2,251
Accumulated Other Comprehensive Income / (Loss)	-34	-6.30	-7.90	-9.30	-9.80	-10	-10

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

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

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

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

Frequently Asked Questions About Matson's Financials

When does Matson's financial year end?

According to the most recent income statement we have on file, Matson's fiscal year ends in December. Their fiscal 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%.

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This page (NYSE:MATX) was last updated on 5/6/2025 by MarketBeat.com Staff

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Matson (MATX) Financials

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Matson (MATX) Financials

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