Matson, Inc. (MATX) Stock

Matson, Inc. (MATX) is a Industrials stock trading at $222.76 (as of 2026-08-24), with a market capitalization of $6.66B and a trailing P/E of 17.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Matson, Inc. and its subsidiaries provide ocean transportation and logistics services. Its Ocean Transportation segment moves freight to Hawaii, Alaska, Guam, and other island economies in Micronesia, and offers related services such as stevedoring, refrigerated cargo, inland transportation, container maintenance, terminal services, vessel management, and container transshipment. Its Logistics segment provides multimodal transportation brokerage.

Understand Matson, Inc.: how it makes money

Matson provides ocean transportation and logistics services, earning revenue by shipping freight and related cargo services to non-contiguous U.S. island markets such as Hawaii, Alaska, and Guam.

Matson's profit engine is Ocean Transportation, where demand signals in container volume across its island routes (Hawaii, Alaska, Guam) drive most of revenue (Ocean Transportation is the majority of consolidated revenue).

Revenue by segment (latest quarter)
Ocean Transp.	$0.6B
Logistics	$0.1B

Business quality (Weak): Results appear heavily driven by Ocean Transportation volume trends, but the data set provided does not include key pricing or cost drivers, so the sensitivity to freight rates, costs, and long term demand is not fully evidenced here.

Valuation: At 14× earnings, MATX trades 19% below the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

Ocean Transportation is the core revenue stream: Ocean Transportation revenue is 0.61B out of consolidated revenue of 0.76B for the period shown, so most activity is tied to the ocean freight business.
Island route volumes show increases versus 2019 in the provided metrics: Guam container volume is 18.8% versus 2019, Hawaii is 11.3% versus 2019, and Alaska is 31.1% versus 2019.

Bear case

Tariff-related volume headwind: The provided metric shows container volume decline since tariffs implementation of 30.0%, indicating weaker volume performance tied to tariffs.
Limited diversification versus Ocean Transportation profitability: Ocean Transportation segment operating income is 0.15B versus Logistics segment operating income of 0.01B in the provided candidates, suggesting Logistics contributes less to operating results.

Valuation — source: SEC EDGAR (first-party)
Price	$222.76
Market Cap	$6.66B
P/E Ratio	17.7
EV / EBITDA	15.5
Price / Book	2.40
Price / Sales	1.98
FCF Yield	5.7%
DCF Value (model)	$242.54
DCF Upside vs Price	8.9%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$3.34B
Net Margin	13.3%
Revenue Growth (YoY)	-2.3%
EPS Growth (YoY)	-1.1%
FCF Growth (YoY)	-66.4%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.97 (safe)

Valuation vs Sector & Industry
Stock P/E	17.7
Sector P/E (Industrials)	26.0
Industry P/E (Transportation)	17.0
vs Sector	-32.1%
vs Industry	3.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($821.81M)
Institutional Holders Tracked	10

Company
Sector	Industrials
Industry	Transportation
CEO	Matthew J. Cox
Employees	4,356
Country	US
IPO Date	1973-05-03

Related Companies (Transportation; 8 comparable transport companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.