Matson (MATX)
Market Price (9/1/2026): $220.92 | Market Cap: $6.6 BilSector: Industrials | Industry: Marine Transportation
Matson (MATX)
Market Price (9/1/2026): $220.92Market Cap: $6.6 BilSector: IndustrialsIndustry: Marine Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17% Megatrend and thematic driversMegatrends include Future of Freight, E-commerce & DTC Adoption, and Energy Transition & Decarbonization. Themes include Freight Technology, Show more. | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.8% Key risksMATX key risks include [1] sustained weakness in China-related transpacific volumes, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17% |
| Megatrend and thematic driversMegatrends include Future of Freight, E-commerce & DTC Adoption, and Energy Transition & Decarbonization. Themes include Freight Technology, Show more. |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.8% |
| Key risksMATX key risks include [1] sustained weakness in China-related transpacific volumes, Show more. |
Qualitative Assessment
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Matson (MATX) stock has gained about 25% since 5/31/2026 because of the following key factors:
1. Matson reported significantly stronger-than-expected financial results for fiscal Q2 2026, which ended June 30, 2026. The company's diluted earnings per share (EPS) reached $4.27, surpassing the consensus estimate of $3.79 by $0.48, and consolidated revenue rose 16.7% year-over-year to $969.4 million, exceeding analysts' expectations of $893.91 million. Following these robust results, Matson raised its outlook for fiscal Q3 and full-year 2026 operating income, anticipating Q3 2026 Ocean Transportation and consolidated operating income to be approximately 45% higher than fiscal Q3 2025 levels and full-year 2026 consolidated operating income to exceed 2025.
2. The company experienced strong momentum and higher contributions from its China service, driven by elevated demand and tighter supply conditions in the Transpacific tradelane. Matson's China container volume in fiscal Q2 2026 increased by 15.2% year-over-year due to significantly higher demand, which included a market decline in the prior year's period. Management highlighted higher-than-expected freight rates and demand across e-commerce, garments, and e-goods in its CLX and MAX services, anticipating that the China service would operate at or near capacity through the peak season.
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Matson (MATX) stock has gained about 25% since 5/31/2026 because of the following key factors:
1. Matson reported significantly stronger-than-expected financial results for fiscal Q2 2026, which ended June 30, 2026. The company's diluted earnings per share (EPS) reached $4.27, surpassing the consensus estimate of $3.79 by $0.48, and consolidated revenue rose 16.7% year-over-year to $969.4 million, exceeding analysts' expectations of $893.91 million. Following these robust results, Matson raised its outlook for fiscal Q3 and full-year 2026 operating income, anticipating Q3 2026 Ocean Transportation and consolidated operating income to be approximately 45% higher than fiscal Q3 2025 levels and full-year 2026 consolidated operating income to exceed 2025.
2. The company experienced strong momentum and higher contributions from its China service, driven by elevated demand and tighter supply conditions in the Transpacific tradelane. Matson's China container volume in fiscal Q2 2026 increased by 15.2% year-over-year due to significantly higher demand, which included a market decline in the prior year's period. Management highlighted higher-than-expected freight rates and demand across e-commerce, garments, and e-goods in its CLX and MAX services, anticipating that the China service would operate at or near capacity through the peak season.
3. Matson enhanced shareholder returns through increased dividends and substantial share repurchases. In June 2026, the company declared a quarterly dividend of $0.38 per share, representing a $0.02, or 5.6%, increase over the previous quarter's dividend and marking the fourteenth consecutive annual increase. Additionally, Matson repurchased approximately 0.3 million shares for $67.8 million during fiscal Q2 2026. The board also approved an additional 3.0 million shares for its repurchase program, extending the program to December 31, 2029.
4. Analyst sentiment turned increasingly positive with multiple upgrades and raised price targets. Following the fiscal Q2 2026 earnings report and updated guidance, several financial analysts upgraded Matson's stock rating and increased their price targets. For example, Zacks Research upgraded Matson from a "hold" to a "strong-buy" rating, while JPMorgan Chase & Co. raised its price target from $230.00 to $270.00. Stephens also lifted its price target from $240.00 to $260.00, contributing to a consensus "Buy" rating and an average price target ranging from $232.33 to $261.67.
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Stock Movement Drivers
Fundamental Drivers
The 24.2% change in MATX stock from 5/31/2026 to 8/31/2026 was primarily driven by a 13.8% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 8312026 | Change |
|---|---|---|---|
| Stock Price ($) | 180.96 | 224.81 | 24.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,320 | 3,459 | 4.2% |
| Net Income Margin (%) | 12.9% | 13.4% | 3.7% |
| P/E Multiple | 12.8 | 14.6 | 13.8% |
| Shares Outstanding (Mil) | 30 | 30 | 1.0% |
| Cumulative Contribution | 24.2% |
Market Drivers
5/31/2026 to 8/31/2026| Return | Correlation | |
|---|---|---|
| MATX | 24.2% | |
| Market (SPY) | 1.4% | 13.8% |
| Sector (XLI) | 1.2% | 11.7% |
Fundamental Drivers
The 35.8% change in MATX stock from 2/28/2026 to 8/31/2026 was primarily driven by a 26.9% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 8312026 | Change |
|---|---|---|---|
| Stock Price ($) | 165.50 | 224.81 | 35.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,344 | 3,459 | 3.4% |
| Net Income Margin (%) | 13.3% | 13.4% | 0.8% |
| P/E Multiple | 11.5 | 14.6 | 26.9% |
| Shares Outstanding (Mil) | 31 | 30 | 2.7% |
| Cumulative Contribution | 35.8% |
Market Drivers
2/28/2026 to 8/31/2026| Return | Correlation | |
|---|---|---|
| MATX | 35.8% | |
| Market (SPY) | 12.1% | 34.1% |
| Sector (XLI) | -0.9% | 32.7% |
Fundamental Drivers
The 118.1% change in MATX stock from 8/31/2025 to 8/31/2026 was primarily driven by a 117.9% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 8312026 | Change |
|---|---|---|---|
| Stock Price ($) | 103.09 | 224.81 | 118.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,465 | 3,459 | -0.2% |
| Net Income Margin (%) | 14.3% | 13.4% | -6.0% |
| P/E Multiple | 6.7 | 14.6 | 117.9% |
| Shares Outstanding (Mil) | 32 | 30 | 6.6% |
| Cumulative Contribution | 118.1% |
Market Drivers
8/31/2025 to 8/31/2026| Return | Correlation | |
|---|---|---|
| MATX | 118.1% | |
| Market (SPY) | 19.9% | 39.4% |
| Sector (XLI) | 16.4% | 37.7% |
Fundamental Drivers
The 164.2% change in MATX stock from 8/31/2023 to 8/31/2026 was primarily driven by a 121.6% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 8312026 | Change |
|---|---|---|---|
| Stock Price ($) | 85.08 | 224.81 | 164.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,395 | 3,459 | 1.9% |
| Net Income Margin (%) | 13.5% | 13.4% | -0.8% |
| P/E Multiple | 6.6 | 14.6 | 121.6% |
| Shares Outstanding (Mil) | 36 | 30 | 17.9% |
| Cumulative Contribution | 164.2% |
Market Drivers
8/31/2023 to 8/31/2026| Return | Correlation | |
|---|---|---|
| MATX | 164.2% | |
| Market (SPY) | 76.3% | 42.2% |
| Sector (XLI) | 68.5% | 46.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MATX Return | 60% | -30% | 78% | 24% | -7% | 83% | 324% |
| Peers Return | 45% | -16% | 18% | 0% | 18% | 23% | 110% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| MATX Win Rate | 58% | 50% | 75% | 67% | 50% | 88% | |
| Peers Win Rate | 67% | 40% | 55% | 52% | 68% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MATX Max Drawdown | -22% | -51% | -20% | -19% | -41% | -13% | |
| Peers Max Drawdown | -14% | -30% | -22% | -22% | -29% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EXPD, CHRW, JBHT, SNDR, ODFL. See MATX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/31/2026 (YTD)
How Low Can It Go
| Event | MATX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -35.2% | -18.8% |
| % Gain to Breakeven | 54.2% | 23.1% |
| Time to Breakeven | 254 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -17.2% | -6.7% |
| % Gain to Breakeven | 20.7% | 7.1% |
| Time to Breakeven | 14 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -30.3% | -24.5% |
| % Gain to Breakeven | 43.5% | 32.4% |
| Time to Breakeven | 295 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.4% | -33.7% |
| % Gain to Breakeven | 43.7% | 50.9% |
| Time to Breakeven | 127 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.9% | -19.2% |
| % Gain to Breakeven | 29.6% | 23.8% |
| Time to Breakeven | 130 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -28.2% | -3.7% |
| % Gain to Breakeven | 39.2% | 3.9% |
| Time to Breakeven | 358 days | 6 days |
In The Past
Matson's stock fell -35.2% during the 2025 US Tariff Shock. Such a loss loss requires a 54.2% gain to breakeven.
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| Event | MATX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -35.2% | -18.8% |
| % Gain to Breakeven | 54.2% | 23.1% |
| Time to Breakeven | 254 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -30.3% | -24.5% |
| % Gain to Breakeven | 43.5% | 32.4% |
| Time to Breakeven | 295 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.4% | -33.7% |
| % Gain to Breakeven | 43.7% | 50.9% |
| Time to Breakeven | 127 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.9% | -19.2% |
| % Gain to Breakeven | 29.6% | 23.8% |
| Time to Breakeven | 130 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -28.2% | -3.7% |
| % Gain to Breakeven | 39.2% | 3.9% |
| Time to Breakeven | 358 days | 6 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -31.5% | -17.9% |
| % Gain to Breakeven | 46.1% | 21.8% |
| Time to Breakeven | 198 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -68.1% | -53.4% |
| % Gain to Breakeven | 213.6% | 114.4% |
| Time to Breakeven | 756 days | 1085 days |
In The Past
Matson's stock fell -35.2% during the 2025 US Tariff Shock. Such a loss loss requires a 54.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Matson (MATX)
Matson, Inc. (MATX) is a leading provider of ocean transportation and logistics services. Its core business, Ocean Transportation, involves shipping a wide array of commodities including dry containers, refrigerated goods, packaged foods, building materials, automobiles, and household items. These vital freight services primarily connect the U.S. mainland with the non-contiguous domestic economies of Hawaii, Alaska, and Guam, as well as other island economies in Micronesia. Additionally, Matson operates an expedited shipping service between China and Long Beach, California, extending to various islands in the South Pacific and Okinawa, Japan. This segment also provides essential terminal services, such as container stevedoring, refrigerated cargo handling, and inland transportation, in its key Hawaiian and Alaskan markets.
Complementing its maritime operations, Matson’s Logistics segment offers a comprehensive suite of multimodal transportation brokerage services. This includes coordinating domestic and international rail intermodal, diverse highway trucking options (long-haul, regional, specialized, LTL), and expedited freight solutions. The company further enhances supply chains through less-than-container load (LCL) consolidation, freight forwarding, warehousing, and distribution services. Matson serves a broad customer base, including the U.S. military, freight forwarders, retailers, consumer goods manufacturers, and automobile companies, ensuring critical goods reach their destinations efficiently.
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Here are 1-2 brief analogies to describe Matson (MATX):
- Maersk for Hawaii, Alaska, and Guam, known for its expedited China-US ocean freight service.
- A specialized FedEx for the Pacific, focusing on critical ocean supply chains to US non-contiguous territories and a premium fast lane from Asia to the US.
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- Ocean Freight Transportation: Matson provides ocean freight services for a wide range of commodities via containers to domestic non-contiguous economies and international locations, including an expedited China-Long Beach service.
- Logistics Services: The company offers multimodal transportation brokerage, freight forwarding, warehousing, distribution, and comprehensive supply chain management services.
- Terminal and Vessel Services: Matson provides container stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and vessel management at various port locations.
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Matson (MATX) primarily sells its services to other companies (B2B).
Its major customers, as described in the background information, include:
- The U.S. military
- Companies in the freight forwarding sector
- Companies in the retail sector
- Companies that manufacture consumer goods
- Automobile manufacturers
The provided background information lists categories of customers or specific entities rather than the names of individual public companies or their stock symbols.
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- General Dynamics (GD)
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Matthew J. Cox, Chairman and Chief Executive Officer
Matthew J. Cox was appointed Chairman of the Board of Matson, Inc. in April 2017, having served as Chief Executive Officer since 2012. He oversees the entire Matson organization. Cox joined Matson in June 2001 as Senior Vice President and Chief Financial Officer. Prior to Matson, he accumulated 15 years of experience in the transportation industry, including executive posts at Distribution Dynamics, Inc., a provider of outsourced logistics, inventory management, and integrated information systems, from 1999 to 2001. He also held positions of increasing responsibility at American President Lines, Ltd. (APL) from 1987 to 1999.
Joel M. Wine, Executive Vice President and Chief Financial Officer
Joel M. Wine was appointed Executive Vice President and Chief Financial Officer of Matson in February 2021, and has served as Matson's Chief Financial Officer since 2012. He oversees all financial matters, corporate development, mergers and acquisitions, and information technology. His accomplishments include the separation of Matson from its parent company in 2012, and the acquisitions of Span Alaska and Horizon Lines, Inc. Wine joined Alexander & Baldwin (Matson's former parent company) in September 2011 as Senior Vice President, Chief Financial Officer, and Treasurer. Before joining Alexander & Baldwin, he spent 14 years at Goldman Sachs, where he was a Managing Director in investment banking, providing strategic and financial advice to various companies, including Alexander & Baldwin for nine years.
Peter T. Heilmann, Executive Vice President, Chief Administrative Officer and General Counsel
Peter T. Heilmann was named Executive Vice President, Chief Administrative Officer, and General Counsel of Matson in February 2021. He oversees all of Matson's legal, legislative, and human resources activities. His accomplishments include handling the separation from Alexander & Baldwin and Matson's transition to a publicly-traded company, as well as the acquisitions of Horizon Lines' Alaska and Span Alaska. Heilmann joined Matson in 2012 as Vice President and Deputy General Counsel. Prior to Matson, he had 20 years of legal experience in private practice, including over 10 years as a partner of Gibson, Dunn & Crutcher LLP, where he extensively represented public and private companies in mergers and acquisitions, joint ventures, and strategic investments.
John P. Lauer, Executive Vice President and Chief Commercial Officer
John P. Lauer was named Executive Vice President and Chief Commercial Officer of Matson in February 2021 and has served as an officer of Matson since March 2012. He is responsible for sales, marketing, customer service, pricing, government services, and the China office network for the ocean transportation division. Lauer has over 30 years of experience in the maritime industry, having joined Matson in 2007 as Director, Transpacific Services.
Jerome J. Holland, Executive Vice President and President, Matson Logistics
Jerome J. Holland was named Executive Vice President and President of Matson Logistics, Inc. effective July 1, 2025. He oversees all facets of the company's logistics services. Holland joined Matson in May 2013 and has served in executive positions responsible for investor relations, strategic planning, mergers and acquisitions, and business development. Prior to Matson, Holland worked for 12 years in investment banking and corporate finance roles at two leading public shipping companies.
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The key risks to Matson's business include:
Economic Downturns and Demand Fluctuations: Matson's revenue is heavily reliant on the economic health and consumer demand in the domestic non-contiguous economies it serves, such as Hawaii, Alaska, and Guam, as well as the robust trade flows between China and Long Beach, California. A significant economic slowdown, reduced consumer spending, or disruptions in these key markets would directly lead to decreased freight volumes across all commodity types, from consumer goods and building materials to automobiles, thereby negatively impacting Matson's ocean transportation and logistics segments.
Fuel Price Volatility: As an ocean transportation company operating a fleet of vessels, Matson's operating costs are significantly exposed to fluctuations in bunker fuel prices. While the company may implement fuel surcharges, sustained increases or extreme volatility in fuel costs can erode profit margins, increase operational expenses, and potentially impact the competitiveness of its services.
Regulatory Changes and Geopolitical Risks: Matson operates within a highly regulated global shipping industry, subject to evolving environmental regulations (e.g., emissions standards), maritime safety rules, and international trade policies. Changes in these regulations can necessitate significant capital expenditures for vessel upgrades or alter operational procedures, increasing costs. Furthermore, geopolitical tensions, particularly concerning the critical China-to-Long Beach trade lane, or shifts in trade agreements could disrupt shipping routes, impose tariffs, or reduce overall trade volumes, directly impacting Matson's business performance.
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Matson, Inc. (MATX) operates in several addressable markets related to ocean transportation and logistics services. The market sizes for their main products and services, by region, are as follows:
Ocean Transportation Segment
- Hawaii Ocean Freight Transportation: The entire state of Hawaii's commercial harbor system processed 1.75 million containers, measured in Twenty-foot Equivalent Units (TEU), with a total of 18.95 million short tons of cargo in Fiscal Year 2024.
- Alaska Ocean Freight Transportation: The Ocean & Coastal Transportation industry in Alaska is projected to have a market size of $1.3 billion in 2026. Additionally, Alaska waterways move 36 million tons of domestic freight every year.
- Guam Ocean Freight Transportation: Over $800 million in goods are imported to Guam yearly, and more than $20 million in goods are exported each year. The Port of Guam handles more than 90 percent of the island's total imports and processed 99,908 containers.
- Micronesia Ocean Freight Transportation: Unable to size in USD. The Micronesian states generally experience high transportation costs and rely heavily on external shipping lines. The Port of Majuro (Marshall Islands, part of the Micronesia region) has an estimated annual handling capacity of 20,000 TEUs.
- Expedited Service from China to Long Beach, California, and other Pacific Islands (including Okinawa, Japan): The global expedited shipping service market size was approximately $48.5 billion in 2023 and is projected to reach around $95.4 billion by 2032. This global figure encompasses various modes, including sea.
Logistics Segment (United States)
- Overall U.S. Logistics Market: The U.S. logistics market was valued at USD 485 billion in 2025 and is projected to reach USD 854.85 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 6.5% from 2026 to 2034.
- Multimodal Transportation Brokerage Services: The North America multimodal transport market size was USD 23.75 billion in 2025 and is forecasted to grow to approximately USD 48.99 billion by 2035. Globally, the multimodal transport market size was USD 99.04 billion in 2025 and is projected to increase to USD 204.69 billion by 2035.
- Freight Forwarding Services: The market size of Freight Forwarding Brokerages & Agencies in the U.S. is $127.7 billion in 2025.
- Warehousing and Distribution Services: The global warehousing and distribution logistics market size was valued at USD 1.35 trillion in 2025. The U.S. warehousing and distribution logistics market was valued at $59.2 billion in 2023.
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Matson, Inc. (MATX) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Sustained Demand and Premium Pricing in China Expedited Services: Matson anticipates continued strength in its China expedited services (CLX and MAX), driven by robust e-commerce and e-goods demand. The company expects elevated freight rates in this service to continue, supported by a stable trading environment in the Transpacific tradelane, partially influenced by the U.S.-China trade and economic deal announced in late 2025.
- Strategic Expansion into Southeast Asia: Matson is expanding its ocean transportation network through new feeder services from countries like Vietnam and Thailand. This strategic move aims to capture growing export demand and achieve premium pricing in these evolving trade lanes, diversifying freight origins and enhancing its niche, expedited service offerings.
- Growth in the Logistics Segment, particularly Supply Chain Management: The company's Logistics segment is expected to contribute to revenue growth, primarily driven by a higher contribution from supply chain management services. This segment provides multimodal transportation brokerage, warehousing, distribution, and freight forwarding services, complementing its ocean transportation offerings.
- Recovery and Modest Growth in Domestic Non-Contiguous Markets: Matson foresees a modest recovery and growth in its domestic non-contiguous economies, including Hawaii, Guam, and Alaska. This growth is supported by expectations of continued improvement in the Guam economy due to low unemployment and increased construction activity, as well as an increase in construction jobs in Hawaii from government-related projects and rebuilding efforts in Maui. The Alaska service has also experienced increased container volumes.
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Share Repurchases
- Matson repurchased approximately 2.7 million shares for a total cost of $307.4 million in 2025.
- The company's annual share buybacks were $199.1 million in 2024 and $155.2 million in 2023.
- Since the share repurchase program began in August 2021 through the end of 2025, Matson repurchased 13.9 million shares for approximately $1.3 billion. The Board of Directors also approved adding three million shares to the existing twelve million share repurchase program and extending it to December 31, 2027.
Capital Expenditures
- Matson has a significant fleet upgrade program of approximately $1.0 billion for three new LNG-ready Aloha Class ships, with deliveries expected between 2027 and 2028. These new vessels are projected to expand China service capacity by about 15,000 containers annually and replace older diesel ships on the Hawaii route.
- In 2025, the company made capital expenditure payments, excluding new vessel construction, of $149.1 million, and new vessel construction expenditures totaled $244.3 million.
- The company is also undertaking modernizations and upgrades for its Honolulu and Alaska terminals.
Peer Outperformance in Marine Transportation
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 15.3% | 103.8% | 188.4% | CDNL 2745% · FIX 2011% · STRL 1949% |
| Marine Transportation ← | 4 | 58.0% | 56.2% | 151.3% | MATX 198% · KEX 162% · SFL 140% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 12.3% | 53.5% | 109.1% | CAT 318% · ALSN 257% · WAB 232% |
| Aerospace & Defense | 55 | -0.7% | 58.4% | 77.7% | ATI 1057% · FTAI 868% · HWM 679% |
| Passenger Ground Transportation | 3 | -6.8% | 37.0% | 66.6% | UBER 86% · CAR 67% · LYFT -65% |
| Rail Transportation | 7 | 32.2% | 72.0% | 50.9% | FSTR 126% · CSX 66% · UNP 55% |
| Industrial Machinery & Supplies & Components | 71 | 6.7% | 43.3% | 45.9% | CRS 1402% · PSIX 843% · GHM 622% |
| Cargo Ground Transportation | 16 | 38.2% | 2.1% | 38.5% | XPO 267% · R 249% · CVLG 206% |
| Trading Companies & Distributors | 19 | 1.5% | 30.3% | 33.0% | DXPE 535% · AIT 286% · URI 210% |
| Diversified Support Services | 33 | 10.7% | 30.8% | 27.0% | LIME 4595% · TH 368% · WLFC 354% |
| Electrical Components & Equipment | 41 | 17.3% | 47.0% | 20.1% | POWL 2196% · ELVA 896% · BE 842% |
| Building Products | 33 | -9.5% | 3.7% | 20.0% | LMB 440% · GFF 389% · PPIH 291% |
| Research & Consulting Services | 13 | -8.6% | -18.3% | -2.4% | HURN 223% · CRAI 96% · GRNQ 58% |
| Environmental & Facilities Services | 29 | -9.8% | 15.8% | -5.2% | CECO 844% · ADUR 556% · NVRI 344% |
| Industrial Conglomerates | 17 | 12.5% | 7.3% | -6.6% | RCMT 706% · CSW 143% · CSL 75% |
| Agricultural & Farm Machinery | 17 | 4.3% | -8.4% | -17.2% | BLBD 179% · DE 86% · GENC 61% |
| Data Processing & Outsourced Services | 6 | -30.1% | -11.3% | -24.7% | EXLS 55% · BR 16% · G -21% |
| Passenger Airlines | 11 | 1.2% | -4.8% | -27.8% | LTM 2230% · UAL 134% · SKYW 106% |
| Office Services & Supplies | 9 | 11.5% | 17.2% | -29.0% | PBI 178% · TILE 165% · HNI 51% |
| Human Resource & Employment Services | 22 | 8.1% | -18.9% | -35.7% | BBSI 89% · ADP 54% · KFY 33% |
| Air Freight & Logistics | 12 | -9.3% | -26.3% | -37.3% | CHRW 89% · FDX 70% · EXPD 63% |
| Security & Alarm Services | 10 | -32.6% | 10.8% | -42.9% | CIX 103% · MG 78% · BCO 47% |
| Airport Services | 3 | -68.9% | -75.9% | -59.8% | JOBY -45% · ASLE -60% · UP -100% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | - |
| Mkt Cap | 21.3 |
| Rev LTM | 8,928 |
| Op Inc LTM | 895 |
| FCF LTM | 771 |
| FCF 3Y Avg | 579 |
| CFO LTM | 829 |
| CFO 3Y Avg | 755 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.6% |
| Rev Chg 3Y Avg | -1.4% |
| Rev Chg Q | 18.0% |
| QoQ Delta Rev Chg LTM | 4.4% |
| Op Inc Chg LTM | 3.6% |
| Op Inc Chg 3Y Avg | -2.7% |
| Op Mgn LTM | 8.7% |
| Op Mgn 3Y Avg | 8.4% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 11.7% |
| CFO/Rev 3Y Avg | 12.0% |
| FCF/Rev LTM | 5.7% |
| FCF/Rev 3Y Avg | 6.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Ocean Transportation | 2,736 | 2,810 | 2,477 | 3,545 | 3,133 |
| Logistics | 609 | 612 | 618 | 798 | 792 |
| Total | 3,344 | 3,422 | 3,095 | 4,343 | 3,925 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Ocean Transportation | 456 | 501 | 295 | 1,281 | 1,138 |
| Logistics | 44 | 50 | 48 | 72 | 50 |
| Total | 500 | 551 | 343 | 1,354 | 1,188 |
| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Ocean Transportation | 3,645 | 3,705 | 3,097 | 2,431 | 2,424 |
| Logistics | 649 | 625 | 596 | 470 | 421 |
| Total | 4,295 | 4,330 | 3,693 | 2,901 | 2,845 |
Price Behavior
| Market Price | $224.81 | |
| Market Cap ($ Bil) | 6.8 | |
| First Trading Date | 05/03/1973 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $209.54 | $168.67 |
| DMA Trend | up | up |
| Distance from DMA | 7.3% | 33.3% |
| 3M | 1YR | |
| Volatility | 31.5% | 35.9% |
| Downside Capture | -29.79 | 81.40 |
| Upside Capture | 58.09 | 155.20 |
| Correlation (SPY) | 14.4% | 40.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.29 | 0.66 | 0.34 | 0.83 | 1.11 | 1.03 |
| Up Beta | 1.04 | 1.33 | 0.24 | 0.62 | 0.58 | 0.81 |
| Down Beta | 1.09 | 0.32 | 0.67 | 0.98 | 1.39 | 1.03 |
| Up Capture | 201% | 80% | 73% | 111% | 205% | 198% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 13 | 21 | 32 | 65 | 131 | 387 |
| Down Capture | 49% | 5% | -34% | 64% | 86% | 103% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 8 | 21 | 31 | 61 | 119 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MATX | |
|---|---|---|---|---|
| MATX | 115.8% | 35.9% | 2.20 | - |
| Sector ETF (XLI) | 15.4% | 17.1% | 0.67 | 38.0% |
| Equity (SPY) | 19.3% | 12.8% | 1.11 | 39.8% |
| Gold (GLD) | 29.8% | 29.0% | 0.89 | 5.5% |
| Commodities (DBC) | 41.3% | 20.4% | 1.58 | -10.4% |
| Real Estate (VNQ) | 9.2% | 13.7% | 0.40 | 28.0% |
| Bitcoin (BTCUSD) | -30.9% | 43.7% | -0.72 | 18.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MATX | |
|---|---|---|---|---|
| MATX | 26.1% | 39.6% | 0.69 | - |
| Sector ETF (XLI) | 12.7% | 17.6% | 0.56 | 50.1% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 46.2% |
| Gold (GLD) | 19.4% | 18.7% | 0.84 | -1.6% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | 9.8% |
| Real Estate (VNQ) | 1.9% | 18.9% | -0.00 | 37.5% |
| Bitcoin (BTCUSD) | 9.5% | 52.7% | 0.36 | 19.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MATX | |
|---|---|---|---|---|
| MATX | 22.1% | 42.2% | 0.61 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 52.2% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 47.8% |
| Gold (GLD) | 12.3% | 16.3% | 0.62 | -3.7% |
| Commodities (DBC) | 7.6% | 18.1% | 0.34 | 14.7% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 37.8% |
| Bitcoin (BTCUSD) | 63.4% | 66.2% | 1.03 | 12.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/12/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/3/2026 | 2.9% | 0.8% | |
| 5/4/2026 | 9.6% | 6.7% | 9.0% |
| 2/24/2026 | 1.8% | 0.9% | -1.6% |
| 11/4/2025 | 12.0% | 11.0% | 19.1% |
| 7/31/2025 | 1.2% | 3.4% | -2.2% |
| 5/5/2025 | -15.4% | 3.9% | 2.7% |
| 2/25/2025 | 1.7% | -4.2% | -6.0% |
| 10/30/2024 | 15.9% | 24.3% | 14.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 19 | 13 |
| # Negative | 9 | 6 | 11 |
| Median Positive | 2.9% | 3.9% | 11.6% |
| Median Negative | -2.1% | -3.8% | -6.8% |
| Max Positive | 15.9% | 24.8% | 37.2% |
| Max Negative | -15.4% | -8.0% | -19.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/3/2026 | 2.9% | 0.8% | |
| 5/4/2026 | 9.6% | 6.7% | 9.0% |
| 2/24/2026 | 1.8% | 0.9% | -1.6% |
| 11/4/2025 | 12.0% | 11.0% | 19.1% |
| 7/31/2025 | 1.2% | 3.4% | -2.2% |
| 5/5/2025 | -15.4% | 3.9% | 2.7% |
| 2/25/2025 | 1.7% | -4.2% | -6.0% |
| 10/30/2024 | 15.9% | 24.3% | 14.9% |
| 8/1/2024 | 2.3% | 0.9% | 7.6% |
| 4/30/2024 | -2.1% | 3.9% | 15.1% |
| 2/20/2024 | -1.2% | -2.4% | -9.5% |
| 10/30/2023 | -3.7% | 0.9% | 4.4% |
| 8/1/2023 | 0.9% | 1.8% | -4.4% |
| 5/4/2023 | 6.4% | 2.9% | 13.2% |
| 2/21/2023 | -1.2% | 1.7% | -8.3% |
| 11/2/2022 | -5.2% | -7.3% | -8.9% |
| 8/1/2022 | -8.7% | -8.0% | -19.2% |
| 5/3/2022 | 2.8% | -2.1% | 0.1% |
| 2/17/2022 | 11.2% | 24.8% | 37.2% |
| 11/3/2021 | 3.5% | 4.2% | -6.5% |
| 7/29/2021 | 2.3% | 8.0% | 20.6% |
| 4/27/2021 | -1.7% | -3.4% | -6.8% |
| 2/23/2021 | -1.3% | 1.0% | -9.4% |
| 11/2/2020 | 10.4% | 12.8% | 11.6% |
| 8/5/2020 | 2.0% | 7.9% | 6.7% |
| SUMMARY STATS | |||
| # Positive | 16 | 19 | 13 |
| # Negative | 9 | 6 | 11 |
| Median Positive | 2.9% | 3.9% | 11.6% |
| Median Negative | -2.1% | -3.8% | -6.8% |
| Max Positive | 15.9% | 24.8% | 37.2% |
| Max Negative | -15.4% | -8.0% | -19.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 04/28/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/02/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
Insider Activity
Updated 8/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cox, Matthew J | Chairman & CEO | Direct | Sell | 8282026 | 223.54 | 10,000 | 2,235,385 | 51,256,473 | Form |
| 2 | Angoco, Vic S JR | Executive Vice President | Direct | Sell | 8242026 | 222.76 | 2,293 | 510,784 | 2,786,035 | Form |
| 3 | Heilmann, Peter T | EVP, Chief Admin. Officer & GC | Direct | Sell | 8192026 | 220.15 | 5,000 | 1,100,750 | 4,514,396 | Form |
| 4 | Scott, Christopher A | EVP & Chief Commercial Officer | Direct | Sell | 8192026 | 219.90 | 600 | 131,940 | 2,057,052 | Form |
| 5 | Taylor, Jason Lee | Senior Vice President | Direct | Sell | 8132026 | 217.00 | 1,961 | 425,537 | 2,034,809 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cox, Matthew J | Chairman & CEO | Direct | Sell | 8282026 | 223.54 | 10,000 | 2,235,385 | 51,256,473 | Form |
| 2 | Angoco, Vic S JR | Executive Vice President | Direct | Sell | 8242026 | 222.76 | 2,293 | 510,784 | 2,786,035 | Form |
| 3 | Heilmann, Peter T | EVP, Chief Admin. Officer & GC | Direct | Sell | 8192026 | 220.15 | 5,000 | 1,100,750 | 4,514,396 | Form |
| 4 | Scott, Christopher A | EVP & Chief Commercial Officer | Direct | Sell | 8192026 | 219.90 | 600 | 131,940 | 2,057,052 | Form |
| 5 | Taylor, Jason Lee | Senior Vice President | Direct | Sell | 8132026 | 217.00 | 1,961 | 425,537 | 2,034,809 | Form |
| 6 | Park, Kuuhaku T | Senior Vice President | Direct | Sell | 8122026 | 208.49 | 1,000 | 208,490 | 2,081,629 | Form |
| 7 | Isotoff, Leonard P | Senior Vice President | Direct | Sell | 8122026 | 208.30 | 1,250 | 260,370 | 1,359,577 | Form |
| 8 | Sullivan, John Warren | Senior Vice President | Direct | Sell | 8112026 | 208.49 | 1,917 | 399,675 | 1,590,779 | Form |
| 9 | Tungul, Jennifer C | Senior Vice President | Direct | Sell | 8112026 | 208.49 | 402 | 83,813 | 1,220,083 | Form |
| 10 | Cox, Matthew J | Chairman & CEO | Direct | Sell | 7292026 | 199.81 | 10,000 | 1,998,130 | 47,814,442 | Form |
| 11 | Cox, Matthew J | Chairman & CEO | Direct | Sell | 6292026 | 192.91 | 10,000 | 1,929,124 | 48,092,302 | Form |
| 12 | Rascon, Laura L | Senior Vice President | Direct | Sell | 6082026 | 188.53 | 2,800 | 527,897 | 2,951,700 | Form |
| 13 | Cox, Matthew J | Chairman & CEO | Direct | Sell | 6082026 | 190.08 | 10,000 | 1,900,807 | 49,287,165 | Form |
| 14 | Cerocke, Grace M | Senior Vice President | Direct | Sell | 5282026 | 183.57 | 1,200 | 220,284 | 3,301,690 | Form |
| 15 | Scott, Christopher A | Senior Vice President | Direct | Sell | 5212026 | 181.05 | 1,520 | 275,196 | 1,757,722 | Form |
| 16 | Park, Kuuhaku T | Senior Vice President | Direct | Sell | 5132026 | 180.19 | 2,500 | 450,475 | 1,979,263 | Form |
| 17 | Heilmann, Peter T | EVP, Chief Admin. Officer & GC | Direct | Sell | 5132026 | 180.19 | 7,173 | 1,292,503 | 4,595,926 | Form |
| 18 | Scott, Christopher A | Senior Vice President | Direct | Sell | 5112026 | 180.14 | 3,305 | 595,363 | 2,022,700 | Form |
| 19 | Sullivan, John Warren | Senior Vice President | Direct | Sell | 5112026 | 180.14 | 3,331 | 600,046 | 1,719,797 | Form |
| 20 | Tilden, Bradley D | Direct | Sell | 5112026 | 181.85 | 1,594 | 289,869 | 1,373,877 | Form | |
| 21 | Scott, Christopher A | Senior Vice President | Direct | Sell | 3122026 | 155.00 | 2,509 | 388,895 | 2,252,691 | Form |
| 22 | Tungul, Jennifer C | Senior Vice President | Direct | Sell | 3102026 | 152.99 | 654 | 100,055 | 956,799 | Form |
| 23 | Sullivan, John Warren | Senior Vice President | Direct | Sell | 3102026 | 148.67 | 3,255 | 483,921 | 1,914,572 | Form |
| 24 | Lauer, John P | EVP & Chief Commercial Officer | Direct | Sell | 3062026 | 166.13 | 8,603 | 1,429,216 | 3,943,594 | Form |
| 25 | Isotoff, Leonard P | Senior Vice President | Direct | Sell | 3042026 | 165.32 | 1,500 | 247,977 | 1,285,701 | Form |
| 26 | Park, Kuuhaku T | Senior Vice President | Direct | Sell | 3042026 | 169.79 | 2,000 | 339,586 | 2,289,539 | Form |
| 27 | Taylor, Jason Lee | Senior Vice President | Direct | Sell | 3042026 | 165.70 | 3,026 | 501,408 | 2,152,112 | Form |
| 28 | Stuck, Kevin L | VP and Controller | Direct | Sell | 3042026 | 167.08 | 2,524 | 421,710 | 389,463 | Form |
| 29 | Heilmann, Peter T | EVP, Chief Admin. Officer & GC | Direct | Sell | 3042026 | 165.46 | 13,000 | 2,151,014 | 5,407,152 | Form |
| 30 | Kinney, Richard S | Senior Vice President | Direct | Sell | 3032026 | 165.32 | 5,225 | 863,802 | 1,115,255 | Form |
| 31 | Angoco, Vic S JR | Executive Vice President | Direct | Sell | 3032026 | 165.31 | 6,189 | 1,023,078 | 2,446,527 | Form |
| 32 | Rascon, Laura L | Senior Vice President | Direct | Sell | 3032026 | 169.34 | 1,000 | 169,338 | 3,216,750 | Form |
| 33 | Isotoff, Leonard P | Senior Vice President | Direct | Sell | 8192025 | 105.76 | 500 | 52,880 | 544,043 | Form |
| 34 | Scott, Christopher A | Senior Vice President | Direct | Sell | 8072025 | 109.94 | 1,044 | 114,777 | 1,477,740 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Marine Transportation Resources |
| The Maritime Executive |
| MarineLink |
| gCaptain |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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