Traders should monitor the company's ability to achieve its 2026 guidance, particularly the recovery in its China service, which is critical to returning operating income to 2025 levels. The near-term outlook for 1Q26 is negative, which could pressure the stock in the short term.
Price Chart
Executive Summary
Matson reported Q4 2025 EPS of $4.60, up from $3.80 in Q4 2024, driven by improved performance in its China service due to higher freight rates and a more stable trade environment. However, full-year 2025 operating income declined 9.3% year-over-year, primarily due to weaker China service performance in the first three quarters. The company expects 1Q26 consolidated operating income to be lower than the prior year, but full-year 2026 operating income to approach 2025 levels.
Key Financial Metrics
Key Facts
- Q4 2025 EPS was $4.60, a 21.1% increase from $3.80 in Q4 2024.
- Full-year 2025 net income was $444.8 million, down 6.6% from $476.4 million in 2024.
- Consolidated revenue for Q4 2025 was $851.9 million, down 4.3% from $890.3 million in Q4 2024.
- Ocean Transportation operating income for full-year 2025 decreased 9.0% to $455.6 million.
- The company expects 1Q26 consolidated operating income to be lower than the $82.1 million achieved in 1Q25.
- For full-year 2026, the company expects consolidated operating income to approach the $499.8 million achieved in 2025.
Financial Impact
Q4 2025 EPS increased by $0.80 to $4.60, but full-year 2025 operating income decreased by 9.3% to $499.8 million.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Ocean Transportation | $2.7K | -2.6% |
| Logistics | $609.00 | -0.5% |
Risk Factors
- The company's China service, a key growth driver in Q4, faces ongoing geopolitical and trade uncertainties.
- The company's guidance for 1Q26 is for lower operating income, which could disappoint investors if not offset by strong performance later in the year.
- High capital expenditures of $425 million expected in 2026 could strain cash flow.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-019116 |
| Document: matx-20260224x8k.htm | 0001104659-26-019116 |
| Document: matx-20260224xex99d2.htm | 0001104659-26-019116 |
| Document: 0001104659-26-019116-index-headers.html | 0001104659-26-019116 |
| Document: 0001104659-26-019116-index.html | 0001104659-26-019116 |
| Document: 0001104659-26-019116.txt | 0001104659-26-019116 |
| CONTEXT: Previous Earnings (2026-02-24) | 0001104659-26-019116 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Press Release | $227.48 $228.64 | ▲ +0.51% | ▲ +1.03% | $228.85 (+0.60%) |
Oct 20, 2026 6d ago | Press Release | $235.07 $227.48 | ▲ +3.23% | ▲ +2.05% | $228.85 (+2.65%) |
Aug 28, 2026 8w ago | Insider Cluster | $224.81 $219.26 | ▼ −2.47% | ▼ −1.78% | $228.85 (+1.80%) |
Aug 28, 2026 8w ago | Insider Cluster | $224.81 $219.26 | ▼ −2.47% | ▼ −1.78% | $228.85 (+1.80%) |
Aug 24, 2026 9w ago | Insider Cluster | $222.82 $221.65 | ▼ −0.53% | ▼ −0.55% | $228.85 (+2.71%) |
Aug 20, 2026 9w ago | Insider Cluster | $222.80 $222.68 | ▼ −0.05% | ▲ +0.24% | $228.85 (+2.72%) |
Aug 14, 2026 10w ago | Insider Cluster | $219.95 $218.28 | ▼ −0.76% | ▼ −0.08% | $228.85 (+4.05%) |
Aug 12, 2026 10w ago | Insider Cluster | $213.76 $217.30 | ▲ +1.66% | ▲ +1.85% | $228.85 (+7.06%) |
Jun 9, 2026 19w ago | Insider Cluster | $193.43 $198.98 | ▲ +2.87% | ▲ +1.17% | $228.85 (+18.31%) |
May 21, 2026 22w ago | Insider Cluster | $182.75 $181.84 | ▼ −0.50% | ▼ −0.94% | $228.85 (+25.23%) |
US Market Status
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