OverviewSuggest Edit

Matson is a provider of ocean transportation and logistics services. The company consists of two segments: Ocean Transportation and Logistics. The Ocean Transportation business segment offers ocean freight transportation services and container stevedoring, refrigerated cargo services, inland transportation, and other terminal services. The Logistics business segment provides customers with a variety of logistics including multimodal transportation brokerage of domestic and international rail intermodal services, long-haul and regional highway trucking services, specialized hauling, flat-bed and project services, less-than-truckload services, and expedited freight services; less-than-container load (LCL) consolidation and freight forwarding services; warehousing and distribution services; and supply chain management, non-vessel operating common carrier (NVOCC) freight forwarding, and other services.

TypePublic
Founded1882
HQHonolulu, HI, US
Websitematson.com
Employee Ratings3.3
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2020)4,149(+109%)
Job Openings26
Revenue (FY, 2020)$2.4 B(+9%)
Share Price (Nov 2021)$94
Cybersecurity ratingAMore
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Key People/Management at Matson

Matthew J. Cox

Matthew J. Cox

Chairman , Chief Executive Officer
Ronald J. Forest

Ronald J. Forest

President
Meredith J. Ching

Meredith J. Ching

Executive Vice President, External Affairs
Greg Chu

Greg Chu

General Manager, South Pacific
Peter T. Heilmann

Peter T. Heilmann

Executive Vice President, Chief Administrative Officer , General Counsel
Thomas B. Fargo

Thomas B. Fargo

Chairman of the Board
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Matson Office Locations

Matson has offices in Honolulu, Anchorage, Dutch Harbor, Hilo and in 17 other locations
Honolulu, HI, US (HQ)
1411 Sand Island Parkway
Anchorage, AK, US
1717 Tidewater Rd
Dutch Harbor, AK, US
P.O. Box 920407
Hilo, HI, US
55 Kahanu St
Kahului, HI, US
Pier 1, Kahului Harbor, Perimeter Road
Kawaihae, HI, US
Kawaihae Harbor
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Matson Financials and Metrics

Matson Revenue

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Matson's revenue was reported to be $2.38 b in FY, 2020 which is a 8.2% increase from the previous period.
USD

Revenue (Q2, 2021)

874.9m

Gross profit (Q2, 2021)

259.3m

Gross profit margin (Q2, 2021), %

29.6%

Net income (Q2, 2021)

162.5m

EBIT (Q2, 2021)

213.9m

Market capitalization (12-Nov-2021)

3.9b

Closing stock price (12-Nov-2021)

94.0

Cash (30-Jun-2021)

17.4m

EV

4.8b
Matson's current market capitalization is $3.9 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

2.2b2.2b2.4b

Revenue growth, %

9%(1%)8%

Cost of goods sold

1.9b1.9b1.9b

Gross profit

347.8m325.1m479.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

532.4m557.9m572.1m513.9m524.1m645.2m711.8m874.9m

Cost of goods sold

467.1m472.8m472.6m448.3m426.3m495.8m544.7m615.6m

Gross profit

65.3m85.1m99.5m65.6m97.8m149.4m167.1m259.3m

Gross profit Margin, %

12%15%17%13%19%23%23%30%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

19.6m21.2m14.4m

Accounts Receivable

223.7m205.9m253.4m

Prepaid Expenses

75.1m62.5m38.1m

Current Assets

318.4m289.6m305.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

15.4m24.0m23.6m19.9m19.5m12.7m11.8m17.4m

Accounts Receivable

217.9m213.0m223.9m218.8m215.2m234.3m261.1m313.6m

Prepaid Expenses

73.3m52.6m52.0m70.0m38.9m42.6m41.0m71.7m

Current Assets

306.6m289.6m299.5m308.7m273.6m289.6m313.9m402.7m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

109.0m82.7m193.1m

Depreciation and Amortization

94.4m100.4m114.9m

Accounts Payable

71.2m(13.9m)44.8m

Cash From Operating Activities

305.0m248.8m429.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

12.5m30.9m67.1m3.8m36.6m107.5m87.2m249.7m

Depreciation and Amortization

23.3m47.5m73.4m27.0m55.6m84.5m34.5m67.9m

Accounts Payable

(20.4m)(29.6m)(11.7m)38.9m14.0m24.0m5.6m3.7m

Cash From Operating Activities

33.4m108.2m180.4m68.6m140.6m270.8m122.9m238.8m
USDFY, 2018

EV/EBIT

13.5 x

EV/CFO

7.2 x

Revenue/Employee

1.1m

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

3.2 x

P/E Ratio

12.7
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Matson Operating Metrics

FY, 2017FY, 2018FY, 2019FY, 2020

Barges Owned

2222

Diesel-Powered Vessels Chartered

3548

Diesel-Powered Vessels Owned

13141518

Terminals

6666
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Matson Acquisitions / Subsidiaries

Company NameDateDeal Size
Span Alaska TransportationJuly 18, 2016$197.6 m
Horizon LinesNovember 11, 2014$469 m
ABHI-Crockett, Inc.
Matson Logistics Limited
Matson Logistics (Shanghai) Co., Ltd.
Matson Logistics, Inc.
Matson Navigation Company, Inc.
Matson Navigation Vessels, LLC
Matson Shipping (Hong Kong) Limited
Matson Shipping (Shanghai) Co., Ltd.
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Matson Revenue Breakdown

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Matson revenue breakdown by business segment: 22.2% from Logistics and 77.8% from Ocean Transportation

Human Capital Metrics

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Matson Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Matson Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Matson Online and Social Media Presence

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Matson Company Culture

  • Overall Culture

    D-

    56/100

  • CEO Rating

    D-

    56/100

  • Compensation

    C-

    60/100

Learn more on Comparably

Matson News and Updates

Personify Partners with Erin Matson, Three-time NCAA Women’s Field Hockey Champion, in Name, Image, and Likeness Agreement

Personify is leading the way in the Recruitment Process Outsourcing sector with a first of-its-kind Name, Image, and Likeness (NIL) agreement with Erin Matson, Forward, Varsity Field Hockey at the University of North Carolina at Chapel Hill. RALEIGH, N.C., Nov. 10, 2021 /PRNewswire/ — Personify, one…

Personify Partners with Erin Matson, Three-time NCAA Women's Field Hockey Champion, in Name, Image, and Likeness Agreement

RALEIGH, N.C., Nov. 10, 2021 /PRNewswire/ -- Personify (www.personifysearch.com), one of the fastest-growing US providers of Recruitment Process Outsourcing services, entered into a Name, Image, and Likeness (NIL) partnership with Erin Matson. Erin Matson is a UNC Women's Field Hockey...

Matson, Inc. Announces Third Quarter 2021 Results

Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $283.2 million, or $6.53 per diluted share, for the quarter ended September 30, 2021. Net income for the quarter ended September 30, 2020 was $70.9 million, or $1.63 per dilute…

Matson Publishes New Environmental Sustainability Goals

Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published new long-term environmental goals in a Sustainability Report 2020 Supplement that commit the company to reducing fleet greenhouse gas (GHG) emissions by 40 percent by 2030, and achieving net zero fleet GHG emissions by 2…

Matson Announces Quarterly Dividend of $0.30 Per Share

The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a fourth quarter dividend of $0.30 per common share. The dividend will be paid on December 2, 2021 to all shareholders of record as of the close of business on November 11, 2021.

Matson Announces Preliminary 3Q21 Results, Provides Business Update And Announces 3Q21 Earnings Call Date

Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary third quarter financial results, provides a business update and announces that its third quarter earnings call will be held on November 3, 2021.
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Matson Blogs

Matson To Attend Stephens Investment Conference

Matson To Attend Stephens Investment Conference Content Import Tue, 11/23/2021 - 19:28 Matson To Attend Stephens Investment Conference November 23, 2021 This release is a backfill from a News Wire General HONOLULU, Nov. 23, 2021 /PRN…

Matson, Inc. Announces Third Quarter 2021 Results

- 3Q21 EPS of $6.53 - 3Q21 Net Income of $283.2 million - 3Q21 EBITDA of $417.8 million - Year-over-year increase in consolidated operating income driven primarily by China service strength - Domestic tradelane volumes in 3Q21 well above volumes in 3Q20 - Repurchased approximately 1.9 million

Matson Publishes New Environmental Sustainability Goals

Matson Publishes New Environmental Sustainability Goals Content Import Mon, 11/01/2021 - 12:01 Matson Publishes New Environmental Sustainability Goals November 1, 2021 This release is a backfill from a News Wire General HONOLULU, No…

Matson Announces Preliminary 3Q21 Results, Provides Business Update And Announces 3Q21 Earnings Call Date

- Expects 3Q21 operating income for Ocean Transportation to be $358.0 to $363.0 million - Expects 3Q21 operating income for Logistics to be $15.0 to $16.0 million - Expects 3Q21 net income and diluted EPS to be $277.3 to $285.5 million and $6.39 to $6.58, respectively - Year-over-year increase in

Matson Announces Preliminary 2Q21 Results, Provides Business Update And Announces 2Q21 Earnings Call Date

- Expects 2Q21 operating income for Ocean Transportation to be $197.0 to $202.0 million vs. $42.3 million in 2Q20 - Expects 2Q21 operating income for Logistics to be $12.0 to $13.0 million vs. $8.9 million in 2Q20 - Expects 2Q21 net income and diluted EPS to be $156.9 to $163.6 million and $3.58 to

Matson Increases Quarterly Dividend By 30.4% And Announces Share Repurchase Program Of 3 Million Shares

HONOLULU, Hawaii , June 24, 2021 /PRNewswire/ -- The Board of Directors of Matson, Inc. (" Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a third quarter dividend of $0.30 per common share.  The dividend represents a seven-cent , or 30.4%, increase
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Matson Frequently Asked Questions

  • When was Matson founded?

    Matson was founded in 1882.

  • Who are Matson key executives?

    Matson's key executives are Matthew J. Cox, Ronald J. Forest and Meredith J. Ching.

  • How many employees does Matson have?

    Matson has 4,149 employees.

  • What is Matson revenue?

    Latest Matson annual revenue is $2.4 b.

  • What is Matson revenue per employee?

    Latest Matson revenue per employee is $574.4 k.

  • Who are Matson competitors?

    Competitors of Matson include Eagle Bulk Shipping, Roadrunner Freight and Maersk.

  • Where is Matson headquarters?

    Matson headquarters is located at 1411 Sand Island Parkway, Honolulu.

  • Where are Matson offices?

    Matson has offices in Honolulu, Anchorage, Dutch Harbor, Hilo and in 17 other locations.

  • How many offices does Matson have?

    Matson has 25 offices.