Matson $MATX Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up Matson, Inc. ($MATX). Last filing: 10-Q, 2026-08-04. 10 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $3.3B (FY2025), total debt $361.2M. Experience: revenue down 2.3% on the year, down 3.9% a year over 4 years; operating margin 14.9%, down from 16.1%. Soundness: equity 59.5% of assets, return on equity 16.1%, payout 10.1% of profit, dividend per share up 12 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.4B and $3.9B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $2.0B to $4.7B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, water transportation): operating margin 14.9% against a 18.9% median; growth -2.3% against 1.8%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $547M · −$266M · −$406M · $154M |
| Investment book (cash · short · long) | $142M · — · — · current ratio 0.89 |
| Revenue swing · equity of assets | 20.8% · 59.5% |
Matson is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $3.3B |
| Revenue, on the year | −2.3% |
| Revenue, a year over the record | −3.9% |
| Operating margin | 14.9% |
| Operating margin, prior year | 16.1% |
| Net margin | 13.3% |
| Research and development | not filed separately |
| Total debt | $361M |
| Equity of assets | 59.5% |
| Return on equity | 16.1% |
| Payout of profit | 10.1% |
| Dividend per share | $1.4 · up 12 years running |
| Earnings per share | $13.99 |
| Book value per share | $85.68 |
| Revenue per share | $103.87 |
| Shares outstanding | 32,200,000 |
| Audited years read | 5 |
Peers: the median of 8 filers with $50M+ revenue in water transportation.
Health HarborMatson sails as: Sound ship
Health watch · 12 monthsDirector or officer change
Sailing speed follows growth: -8.3% a year crosses the harbor in 105 seconds.
🌊 Visit the Bay →- slow and jumpy: growing slower than its size class, with revenue that swings more
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 10-Q · 2026-08-04
- 8-K · 2026-08-03 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-07-15 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-05-05
- 8-K · 2026-05-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-04-27 · 5.07 Submission of Matters to a Vote of Security Holders
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company