# Matson share price today (Matson, Inc., MATX)

> Matson, Inc.'s share price has risen faster than its earnings: +119.5% in a year, against −0.9% for earnings per share. MATX · Industrials · Marine Shipping · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/matx

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $221.57 (+119.5% in a year)
- P/E: 14.8× (higher than 93% of the last 4.6 years)
- Revenue (Jun 2026): $969 M (+16.7% on a year ago)
- Profit (Jun 2026): $129 M (+36.6% on a year ago)
- Operating margin: 16.1% (+3.0 points on a year ago)
- ROE: 16%, FY25
- ROIC: 12.7%, against a 10.4% cost of capital: +2.3 points

The main question: the share price moved +119.5% in a year while yearly earnings per share moved −0.9%. The difference came from the market paying a higher multiple. ## What is the Matson share price today? Matson, Inc.'s share price was $221.57 at the close on 3 November 2026. It has been rising for 31 weeks. That is 14.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between $105 and $235, and at that close it sat 90% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 23 weeks in a row. Over the last 10 years the share price moved +556% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Matson pay? Matson, Inc. paid $1.44 per share over the last four reported quarters. The most recent declaration was $0.36 for Jun 2026. At today's price of $221.57 that is a yield of 0.65%, based on dividends already paid, not a forecast. ## Which stock lists is Matson on? Matson is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Matson profitable? Matson, Inc. earned $129 M of net profit in the Jun 2026 quarter, +36.6% on the same quarter a year earlier. Full-year FY25 profit was $445 M. Over 4 years profit has grown −16.8% a year on average. That is 13.3% of the quarter's revenue. The same quarter a year earlier earned $94.7 M. For the full year, FY25 profit was $445 M (−6.6% on the year before). Why profit moved: revenue changed +16.7% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −1.4% and revenue +0.2%. Profit and revenue are moving at about the same pace. ## How much revenue does Matson make, and is it growing? Matson, Inc. reported $969 M of revenue in the Jun 2026 quarter, +16.7% on the same quarter a year earlier. Over 4 years it has grown −3.9% a year on average. The last full year, FY25, came in at $3.3 B. The last four reported quarters add to $3.5 B. FY25 revenue was $3.3 B, −2.3% on the year before. Recent pace: the last four quarters grew +0.2% on average, against −3.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −0.2%, against +4.2% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −6.1%, against +18.3% a year (rolling over). ## How much of every $100 of sales does Matson keep? Matson, Inc.'s operating margin was 16.1% in the Jun 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 5 years it has been between 11.2% and 29.5%. The latest quarter is within that range. Why the margin moved: operating margin changed +3.0 percentage points on the year while gross margin changed +2.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Matson's profit turning into cash? Over the last 3 years, 150% of Matson, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $547 M of operating cash against $445 M of profit. After $393 M of spending on assets, $154 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Matson's cash go? Matson, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $965 M on assets over the last 3 years. Averaged over those years that is 9.6% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $965 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Matson's P/E ratio, and how does it compare with its own history? Matson, Inc.'s P/E is 14.8×, near the high end of its own history: higher than 93% of past readings. Its usual P/E (the middle reading) is 9.5×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −0.9% while the price moved +119.5%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +35.7% a year; about +19.8% a year came from earnings growth and about +15.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Matson business getting better or worse? Matson, Inc.'s business is getting worse. Revenue and profit growth are shrinking: revenue growth is −0.2% in the latest quarter, against +11.9% at its best in 12 quarters, with ROCE steady at 12.6%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Matson earn on its capital? Matson, Inc. earned a ROE of 16% in FY25. That is up from a low of 12% in FY23. Its return on capital used (ROIC) is 2.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 13.3% net margin and 0.72× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 13.3% net margin × 0.72× asset turnover × 1.68× leverage (assets divided by equity) ≈ 16.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 12.7% − 10.4% = +2.3 percentage points. The 10.4% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Matson have too much debt? Matson, Inc. has total debt of $716 M against shareholder equity of $2.8 B as of Jun 2026, so its debt is 0.26× its equity, which is very little. Year by year, that ratio went from 0.64 in FY21 to 0.26 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Matson shareholding pattern? 5.9% of Matson, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 5.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Matson from balance-sheet trouble? For Matson, Inc., the Z-score is 3.12. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 3.12 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Matson rank in its industry? 50.1 out of 100, rank 12 of 23 in Marine Shipping, with 85% of the evidence available. Matson, Inc. scores 50.1 out of 100 against the 23 companies it is compared with in Marine Shipping, ranking 12. Relative strength against the index is 18.4%, and revenue and profit growth are weak. The four parts add up to the total exactly: 10.6 + 14.3 + 10.5 + 14.7 = 50.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Matson compared with? Matson ranks 12 of 23 Marine Shipping companies on the 4-Factor Sector Score, with 50.1 out of 100. 1. [Okeanis Eco Tankers Corp.](https://www.sectoralpha.in/us/stocks/eco) ECO · leader · Sector-leading setup · 85% evidence 84.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.5/35 · Revenue 100% · Profit 100% · Operating margin change 35.7 points · 95% evidence Capital efficiency 20.9/25 · ROCE 28.4% · Operating margin 75% · 76% evidence Valuation 11.1/20 · P/E 4.8× · PEG 0.91 · 65% evidence Relative strength 20.0/20 · Lead over its industry 50.6% · Lead over S&P 500 61.5% · 1 year 178.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 32.5 + 20.9 + 11.1 + 20 = 84.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Hafnia Limited](https://www.sectoralpha.in/us/stocks/hafn) HAFN · breaking out · Most evidence points up · 85% evidence 76.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 13.3% · Profit 52.1% · Operating margin change 14.5 points · 95% evidence Capital efficiency 16.8/25 · ROCE 17.8% · Operating margin 29.5% · 76% evidence Valuation 15.3/20 · P/E 5× · PEG 0.09 · 65% evidence Relative strength 19.4/20 · Lead over its industry 19.7% · Lead over S&P 500 29.6% · 1 year 68.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 24.6 + 16.8 + 15.3 + 19.4 = 76.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Ardmore Shipping Corporation](https://www.sectoralpha.in/us/stocks/asc) ASC · breaking out · Most evidence points up · 85% evidence 74.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 13.6% · Profit 100% · Operating margin change 28.3 points · 95% evidence Capital efficiency 15.7/25 · ROCE 14.3% · Operating margin 42.8% · 76% evidence Valuation 12.2/20 · P/E 5.4× · PEG 0.32 · 65% evidence Relative strength 17.6/20 · Lead over its industry 7.5% · Lead over S&P 500 16.5% · 1 year 51.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 28.9 + 15.7 + 12.2 + 17.6 = 74.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Navios Maritime Partners L.P.](https://www.sectoralpha.in/us/stocks/nmm) NMM · leader · Most evidence points up · 85% evidence 68.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 13.3% · Profit 46.6% · Operating margin change 10.8 points · 95% evidence Capital efficiency 12.3/25 · ROCE 8.4% · Operating margin 38.8% · 76% evidence Valuation 15.8/20 · P/E 4.5× · PEG 0.09 · 65% evidence Relative strength 16.8/20 · Lead over its industry 7.9% · Lead over S&P 500 16.8% · 1 year 79.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.4 + 12.3 + 15.8 + 16.8 = 68.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Seanergy Maritime Holdings Corp.](https://www.sectoralpha.in/us/stocks/ship) SHIP · losing its lead · Evidence leans up · 85% evidence 63.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.4/35 · Revenue 32.6% · Profit 100% · Operating margin change 24.5 points · 95% evidence Capital efficiency 14.4/25 · ROCE 12.8% · Operating margin 46.5% · 76% evidence Valuation 14.6/20 · P/E 4.9× · PEG 0.15 · 65% evidence Relative strength 4.9/20 · Lead over its industry -6.2% · Lead over S&P 500 1.3% · 1 year 71.4% · 100% evidence · 9 of 12 weeks ahead Exact sum: 29.4 + 14.4 + 14.6 + 4.9 = 63.3 · What this means: Earnings are strong; relative strength in its sector is -6.2% and the one-year return is 71.4%. 6. [Danaos Corporation](https://www.sectoralpha.in/us/stocks/dac) DAC · leader · Evidence leans up · 85% evidence 61.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 2.5% · Profit 17.9% · Operating margin change 0.5 points · 95% evidence Capital efficiency 14.2/25 · ROCE 9.6% · Operating margin 48.4% · 76% evidence Valuation 14.6/20 · P/E 4.1× · PEG 0.19 · 65% evidence Relative strength 17.8/20 · Lead over its industry 8.6% · Lead over S&P 500 17.8% · 1 year 66.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 14.5 + 14.2 + 14.6 + 17.8 = 61.1 · What this means: Relative strength against the index is 17.8%, and revenue and profit growth are weak. 7. [Himalaya Shipping Ltd.](https://www.sectoralpha.in/us/stocks/hshp) HSHP · losing its lead · Evidence leans up · 75% evidence 60.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.4/35 · Revenue 38.8% · Profit 100% · Operating margin change 22.8 points · 95% evidence Capital efficiency 13.7/25 · ROCE 12.5% · Operating margin 68.3% · 76% evidence Valuation 9.3/20 · P/E 11.9× · PEG n/a · 15% evidence Relative strength 8.8/20 · Lead over its industry -0.2% · Lead over S&P 500 7.5% · 1 year 98.7% · 100% evidence · 9 of 12 weeks ahead Exact sum: 28.4 + 13.7 + 9.3 + 8.8 = 60.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Safe Bulkers, Inc.](https://www.sectoralpha.in/us/stocks/sb) SB · losing its lead · Evidence leans up · 77% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 10.8% · Profit 75.6% · Operating margin change 25.1 points · 71% evidence Capital efficiency 11.8/25 · ROCE 8.4% · Operating margin 41.1% · 76% evidence Valuation 14.4/20 · P/E 8.1× · PEG 0.12 · 65% evidence Relative strength 8.2/20 · Lead over its industry -1.3% · Lead over S&P 500 6.9% · 1 year 55.6% · 100% evidence · 9 of 12 weeks ahead Exact sum: 22.6 + 11.8 + 14.4 + 8.2 = 57 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Star Bulk Carriers Corp.](https://www.sectoralpha.in/us/stocks/sblk) SBLK · losing its lead · Evidence leans up · 77% evidence 54.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 6.4% · Profit 100% · Operating margin change 31.7 points · 71% evidence Capital efficiency 12.6/25 · ROCE 9.7% · Operating margin 39.7% · 76% evidence Valuation 12.1/20 · P/E 9.7× · PEG 0.24 · 65% evidence Relative strength 6.8/20 · Lead over its industry -4.5% · Lead over S&P 500 3.8% · 1 year 50.1% · 100% evidence · 9 of 12 weeks ahead Exact sum: 23.4 + 12.6 + 12.1 + 6.8 = 54.9 · What this means: Earnings are strong; relative strength in its sector is -4.5% and the one-year return is 50.1%. 10. [SFL Corporation Ltd.](https://www.sectoralpha.in/us/stocks/sfl) SFL · losing its lead · Evidence leans up · 85% evidence 52.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Revenue -16.3% · Profit 88.2% · Operating margin change 11.8 points · 95% evidence Capital efficiency 9.8/25 · ROCE 7.1% · Operating margin 33.7% · 76% evidence Valuation 12.4/20 · P/E 21.2× · PEG 0.19 · 65% evidence Relative strength 12.3/20 · Lead over its industry 0.5% · Lead over S&P 500 9% · 1 year 62.2% · 100% evidence · 8 of 12 weeks ahead Exact sum: 17.9 + 9.8 + 12.4 + 12.3 = 52.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Euroseas Ltd.](https://www.sectoralpha.in/us/stocks/esea) ESEA · quiet · Evidence leans up · 85% evidence 50.8 out of 100 Growth Capital Valuation Relative
12. Matson, Inc. this page MATX · leader · Evidence leans up · 85% evidence 50.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.6/35 · Revenue -0.2% · Profit -6.1% · Operating margin change 3 points · 95% evidence Capital efficiency 14.3/25 · ROCE 12.3% · Operating margin 16.1% · 76% evidence Valuation 10.5/20 · P/E 12.5× · PEG 0.78 · 65% evidence Relative strength 14.7/20 · Lead over its industry 9.5% · Lead over S&P 500 18.4% · 1 year 99.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 10.6 + 14.3 + 10.5 + 14.7 = 50.1 · What this means: Relative strength against the index is 18.4%, and revenue and profit growth are weak. 13. [Pangaea Logistics Solutions Ltd.](https://www.sectoralpha.in/us/stocks/panl) PANL · losing its lead · Evidence leans down · 77% evidence 48.9 out of 100 Growth Capital Valuation Relative
14. [Genco Shipping & Trading Limited](https://www.sectoralpha.in/us/stocks/gnk) GNK · turning · Evidence leans down · 67% evidence 48.8 out of 100 Growth Capital Valuation Relative
15. [Kirby Corporation](https://www.sectoralpha.in/us/stocks/kex) KEX · turning · Evidence leans down · 85% evidence 46.9 out of 100 Growth Capital Valuation Relative
16. [Diana Shipping Inc.](https://www.sectoralpha.in/us/stocks/dsx) DSX · losing its lead · Evidence leans down · 85% evidence 46.0 out of 100 Growth Capital Valuation Relative
17. [Global Ship Lease, Inc.](https://www.sectoralpha.in/us/stocks/gsl) GSL · losing its lead · Evidence leans down · 85% evidence 45.3 out of 100 Growth Capital Valuation Relative
18. [Costamare Bulkers Holdings Limited](https://www.sectoralpha.in/us/stocks/cmdb) CMDB · turning · Too little evidence to rank firmly · 56% evidence 38.5 out of 100 Growth Capital Valuation Relative
19. [Capital Clean Energy Carriers Corp.](https://www.sectoralpha.in/us/stocks/ccec) CCEC · basing · Evidence leans down · 85% evidence 38.3 out of 100 Growth Capital Valuation Relative
20. [StealthGas Inc.](https://www.sectoralpha.in/us/stocks/gass) GASS · turning · Evidence leans down · 85% evidence 36.9 out of 100 Growth Capital Valuation Relative
21. [Costamare Inc.](https://www.sectoralpha.in/us/stocks/cmre) CMRE · quiet · Evidence leans down · 85% evidence 36.8 out of 100 Growth Capital Valuation Relative
22. [SEACOR Marine Holdings Inc.](https://www.sectoralpha.in/us/stocks/smhi) SMHI · losing its lead · Most evidence points down · 67% evidence 33.5 out of 100 Growth Capital Valuation Relative
23. [ZIM Integrated Shipping Services Ltd.](https://www.sectoralpha.in/us/stocks/zim) ZIM · leader · Most evidence points down · 75% evidence 31.6 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Marine Shipping](https://www.sectoralpha.in/us/sectors/marine-shipping), all 23 compared on one page. ## Which companies are close to Matson in size? Matson is the 2nd largest of 23 Marine Shipping companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Kirby Corporation. Just below it: Hafnia, Okeanis Eco Tankers Corp., ZIM Integrated Shipping Services, Star Bulk Carriers Corp. and Danaos Corporation. ### Marine Shipping companies close in size

1. [Kirby Corporation](https://www.sectoralpha.in/us/stocks/kex) $7.4 billion
2. Matson, Inc. $6.6 billion
3. [Hafnia Limited](https://www.sectoralpha.in/us/stocks/hafn) $5.1 billion
4. [Okeanis Eco Tankers Corp.](https://www.sectoralpha.in/us/stocks/eco) $3.6 billion
5. [ZIM Integrated Shipping Services Ltd.](https://www.sectoralpha.in/us/stocks/zim) $3.5 billion
6. [Star Bulk Carriers Corp.](https://www.sectoralpha.in/us/stocks/sblk) $3.2 billion
7. [Danaos Corporation](https://www.sectoralpha.in/us/stocks/dac) $2.8 billion

[All 23 Marine Shipping companies, largest first](https://www.sectoralpha.in/us/sectors/marine-shipping#all-companies)

### Companies close in size in other industries

1. [Enact Holdings, Inc.](https://www.sectoralpha.in/us/stocks/act) $6.6 billion · Insurance - Specialty
2. [Liberty Broadband Corporation](https://www.sectoralpha.in/us/stocks/lbrda) $6.6 billion · Telecom Services
3. Matson, Inc. $6.6 billion
4. [Navan, Inc.](https://www.sectoralpha.in/us/stocks/navn) $6.6 billion · Software - Application
5. [The Campbell's Company](https://www.sectoralpha.in/us/stocks/cpb) $6.6 billion · Packaged Foods

## What else do people ask about Matson? ### What were Matson's latest quarterly results? Matson, Inc. reported revenue of $969 M and net profit of $129 M for the Jun 2026 quarter. Revenue rose 16.7% and profit rose 36.6% compared with a year earlier. Earnings per share were $4.27. The operating margin was 16.1%, 3.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Matson's market cap? Matson, Inc.'s market capitalisation is $6.6 B at a stock price of $221.57. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Matson performing? Matson, Inc.'s share price has been rising for 31 weeks. In its latest quarter, revenue rose 16.7% and profit rose 36.6% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 23 weeks running (as of 3 November 2026). ### Will Matson's stock price go up? This page does not forecast Matson, Inc.'s stock price. What it shows instead: the stock price is $221.57, and it has been rising for 31 weeks. Its P/E of 14.8× is higher than 93% of its own last 5 years (as of 3 November 2026). ### Is Matson's profit real cash? Yes, over the last 3 years, 150% of Matson, Inc.'s reported profit came in as cash from operations. The latest year was lower at 123%, so the trend is worth watching. In FY25, operating cash was $547 M against reported profit of $445 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Matson in its business cycle? Matson, Inc.'s FY25 operating margin was 14.3%, against a 5-year range of 11.2% to 29.5%: the low end of its own range, which is often where recoveries start. The latest quarter was 16.1%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Matson story? The main question: the share price moved +119.5% in a year while yearly earnings per share moved −0.9%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Matson a stock worth studying right now? What the numbers show: Matson, Inc.'s share price has risen faster than its earnings: +119.5% in a year, against −0.9% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.