Matson Q4 revenue declines 4.3%, but net income rises

Matson

24/02/2026 21:27

Overview

U.S. carrier's Q4 2025 revenue fell 4.3%, but net income rose from a year ago

Company's China service benefited from strong e-commerce demand and stable trade environment

Logistics segment's Q4 operating income decreased due to lower supply chain management contribution

Outlook

Company expects Q1 2026 operating income to be lower year-over-year

Matson expects 2026 operating income to approach 2025 levels

Company anticipates normal seasonality pattern in 2026 operating income

Result Drivers

CHINA SERVICE - Higher than expected freight rates and volume in China service driven by strong e-commerce and e-goods demand

SSAT CONTRIBUTION - SSAT joint venture investment increased significantly due to absence of prior year's impairment charge

LOGISTICS DECLINE - Logistics segment's operating income decreased due to lower supply chain management contribution

Company press release: ID:nPn51Qbnwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$851.90 mln
$847.30 mln (1 Analyst)
Q4 Net Income
$143.10 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "buy."

Wall Street's median 12-month price target for Matson Inc is $167.00, about 1.6% above its February 23 closing price of $164.38

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)