MATX on NYSE

Matson, Inc.

Logo: Brett Neilson, CC BY 2.0, via Wikimedia Commons5

American shipping company

Matson, Inc., is an American ocean transportation and logistics company headquartered in Honolulu, Hawaii. Founded in 1882, Matson, Inc.'s subsidiary Matson Navigation Company provides ocean shipping services across the Pacific to Hawaii, Alaska, Guam, Micronesia, the Pacific islands, China, and Japan.3 Its shares trade on NYSE under the symbol MATX.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1882Founded1

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  • TickerMATX on NYSE1
  • Industryshipping line1
  • HeadquartersHonolulu1
  • Websitewww.matson.com
  • Incorporated inHI6
  • Business address1411 Sand Island Parkway, Honolulu, Hi 968196
  • Filer categoryLarge accelerated filer6
  • Legal formCorporation4
  • LEI549300OI5H3Y0I9I4I124
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressc/o C T CORPORATION SYSTEM, 900 FORT STREET MALL, SUITE 1680, 96813 Honolulu, United States4
  • Registered withBusiness Registration Division (Department of Commerce & Consumer Affairs), 235100 D14
Matson GGB
Photo: Aykleinman ( talk ), CC BY-SA 3.0, via Wikimedia Commons9

Matson, Inc., is an American ocean transportation and logistics company headquartered in Honolulu, Hawaii.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

14.9%Operating margin10
13.3%Net margin10
-2.3%Revenue growth, 202510
16.1%Return on equity10
0.11×Debt to equity10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Ocean. Transportation. brought in 82% of the revenue Matson, Inc. broke down this way in fiscal 2025.

  1. Ocean. Transportation.$2.7B1082%down 3% from 2024
  2. Logistics$609.0M1018%down 1% from 2024
Products and services by year
Products and services202320242025
Ocean. Transportation.$2.5B$2.8B$2.7B
Logistics$617.6M$612.1M$609.0M

Business segments

Ocean Transportation brought in 82% of the revenue Matson, Inc. broke down this way in fiscal 2025.

  1. Ocean Transportation$2.7B1082%down 3% from 2024
  2. Logistics$609.0M1018%down 1% from 2024
Business segments by year
Business segments202320242025
Ocean Transportation$2.5B$2.8B$2.7B
Logistics$617.6M$612.1M$609.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs84¢$2.8B
  • Income tax3¢$89.0M
  • Profit13¢$444.8M

Out of $3.3B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid8¢$44.9M
  • Share buybacks55¢$303.3M
  • Kept or used elsewhere36¢$198.9M

Out of $547.1M of cash from operations.10

Financial statements

Revenue1112131410$3.3B in 2025+52% since 2019
0$2.0B$4.0B$6.0B2019: $2.2B$2.2B20192020: $2.4B$2.4B2020+8%2021: $3.9B$3.9B2021+65%2022: $4.3B$4.3B2022+11%2023: $3.1B$3.1B2023−29%2024: $3.4B$3.4B2024+11%2025: $3.3B$3.3B2025−2%
Operating income1112131410$499.8M in 2025+287% since 2019
0$500.0M$1.0B$1.5B2019: $129.1M$129.1M20192020: $280.3M$280.3M2020+117%2021: $1.2B$1.2B2021+324%2022: $1.4B$1.4B2022+14%2023: $342.8M$342.8M2023−75%2024: $551.3M$551.3M2024+61%2025: $499.8M$499.8M2025−9%
Net income1112131410$444.8M in 2025+438% since 2019
0$500.0M$1.0B$1.5B2019: $82.7M$82.7M20192020: $193.1M$193.1M2020+133%2021: $927.4M$927.4M2021+380%2022: $1.1B$1.1B2022+15%2023: $297.1M$297.1M2023−72%2024: $476.4M$476.4M2024+60%2025: $444.8M$444.8M2025−7%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Total Operating Revenue$3.3B$3.4B$3.1B
Operating costs-$2.6B-$2.6B-$2.5B
Income (Loss) from SSAT$32.5M-$1.0M$2.2M
General and administrative-$294.1M-$303.6M-$283.3M
Total Costs and Expenses-$2.8B-$2.9B-$2.8B
Operating Income$499.8M$551.3M$342.8M
Interest income$31.7M$48.3M$36.0M
Interest expense, net-$6.8M-$7.5M-$12.2M
Other income (expense), net$9.1M$7.3M$6.4M
Income before Taxes$533.8M$599.4M$373.0M
Income taxes-$89.0M-$123.0M-$75.9M
Net Income$444.8M$476.4M$297.1M
Net change in pension and post-retirement liabilities$5.9M$3.2M-$2.5M
Other adjustments$2.2M-$1.5M$1.2M
Total Other Comprehensive Income (Loss), Net of Income Taxes$8.1M$1.7M-$1.3M
Total Comprehensive Income$452.9M$478.1M$295.8M
Basic Earnings Per Share (in dollars per share)$13.99$14.14$8.42
Diluted Earnings Per Share (in dollars per share)$13.81$13.93$8.32
Basic (in shares)31.8M shares33.7M shares35.3M shares
Diluted (in shares)32.2M shares34.2M shares35.7M shares

Compare Matson, Inc. with another company

Corporate structure

Matson, Inc. sits at the top of its group. 38 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Matson, Inc.

  • Matson, Inc. Honolulu, Hawaii, United States
    • ABHI-Crockett, Inc. Subsidiary · Hawaii, United States
    • AERAS Technologies, LLC Subsidiary · California, United States
    • Aero Logistics, LLC Subsidiary · Delaware, United States
    • Alaska Freight Express, LLC Subsidiary · Washington, United States
    • H-L Distribution Service, LLC Subsidiary · Delaware, United States
    • HLPR Holding Corp. Subsidiary · Delaware, United States
    • Horizon Lines Alaska Terminals, LLC Subsidiary · Delaware, United States
    • Horizon Lines Alaska Vessels, LLC Subsidiary · Delaware, United States
    • Horizon Lines Holding Corp. Subsidiary · Delaware, United States
    • Horizon Lines Merchant Vessels, LLC Subsidiary · Delaware, United States
    • Horizon Lines of Guam, LLC Subsidiary · Delaware, United States
    • Horizon Lines of Puerto Rico, LLC Subsidiary · Delaware, United States
    • Horizon Lines Vessels, LLC Subsidiary · Delaware, United States
    • Horizon Lines, LLC Subsidiary · Delaware, United States
    • Horizon Logistics, LLC Subsidiary · Delaware, United States
    • Horizon Services Group, LLC Subsidiary · Delaware, United States
    • Matson Alaska, Inc. Subsidiary · Delaware, United States
    • Matson Logistics (Shanghai) Co., Ltd. Subsidiary · China
    • Matson Logistics Limited Subsidiary · Hong Kong
    • Matson Logistics Services, LLC Subsidiary · Hawaii, United States
    • Matson Logistics Warehousing, Inc. Subsidiary · Hawaii, United States
    • Matson Logistics, MX, S. de R.L. de C.V. Subsidiary · Mexico
    • Matson Navigation Company of Alaska, LLC Subsidiary · Delaware, United States
    • Matson Navigation Company, Inc. Subsidiary · Hawaii, United States
    • Matson Navigation Vessels, LLC Subsidiary · Delaware, United States
    • and 12 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Matson, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$4.0B10 Dec 31, 2025$3.8B10 Dec 31, 2024+6.8%
Accumulated depreciation$1.5B10 Dec 31, 2025$1.5B10 Dec 31, 2024+1.1%
Property and equipment, net$2.5B10 Dec 31, 2025$2.3B10 Dec 31, 2024+10.5%
Operating-lease assets (leased space)$369.6M10 Dec 31, 2025$357.7M10 Dec 31, 2024+3.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$141.9M10 Dec 31, 2025$266.8M10 Dec 31, 2024−46.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$327.8M10 Dec 31, 2025$327.8M10 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$146.6M10 Dec 31, 2025$159.4M10 Dec 31, 2024−8.0%
Accumulated amortization$127.9M10 Dec 31, 2025$114.7M10 Dec 31, 2024+11.5%
Finite-lived intangibles, net$119.3M10 Dec 31, 2025$132.1M14 Dec 31, 2024−9.7%

Properties, in its own words

Matson leases terminal facilities including berth, yard, office, storage spaces and off-dock container yards. Material facilities used by the Company’s Ocean Transportation segment include the following:

Terminal Location · Description of Facility · Acreage

The rest of Item 2

Honolulu, Hawaii · Terminal facility · 105

Anchorage, Alaska · Terminal facility · 38

Dutch Harbor, Alaska · Terminal facility · 24

Tacoma, Washington · Terminal facility · 15

Kodiak, Alaska · Terminal facility · 6

Polaris Point, Guam · Terminal storage · 30

Carson, California · Off-dock container yard · 60

The Company’s other primary terminal facilities located at the ports of Oakland and Long Beach, California, and Tacoma, Washington are leased by SSAT.

Other material facilities used by the Company’s Logistics segment include the following:

Other Material Facilities · Description of Facility · Square Footage

Leased facilities:

Pooler, Georgia · Warehouse · 710,844

Oakland, California · Warehouse · 406,463

Pooler, Georgia · Warehouse · 324,832

Oakland, California · Warehouse · 132,000

Auburn, Washington · Office / Cross-dock · 51,250

Auburn, Washington · Office / Cross-dock · 13,200

Owned facilities:

Anchorage, Alaska · Office / Cross-dock · 54,000

Fairbanks, Alaska · Office / Cross-dock · 25,350

Item 2 of the 10-K filed Feb 27, 2026.19

The story

William Matson (1849–1917) founded Matson Navigation Company. He was born in Lysekil in Västra Götaland County, Sweden, and orphaned during childhood. He arrived in San Francisco after a trip around Cape Horn in 1867. Working aboard the Dickel family yacht, he struck up a friendship with tycoon Claus Spreckels, who financed many of Matson's new ships. In 1882, he sailed his three-masted schooner Emma Claudina into the Hilo Bay of the Hawaiian Islands.

The enterprise began in the carrying of merchandise, especially of plantation stores, to the islands and returning with cargoes of sugar, later expanding interests at each end of the line.

In 1924, Matson completed the Matson Building, designed by Bliss and Faville, at 215 Market Street in San Francisco. It featured an observation tower and cupola at the northern corner of the building that enabled company executives to see its ships coming through the Golden Gate. The company later sold the building to Pacific Gas and Electric Company, whose general office was next door at 245 Market. PG&E has incorporated the former Matson Building into its general office complex, keeping Matson-specific details such as elevator doors with detailed maps of Hawaii on them.

On December 1, 2011, Matson's then-parent company Alexander & Baldwin announced that its board of directors approved a plan to split A&B and Matson into two separate companies. As part of the plan, Matson would leave Oakland, California, to become a Honolulu-based company. The two companies are now traded separately.

In 2015, Matson, Inc., acquired Horizon Lines, formerly its main competitor in the United States domestic market, for $469 million.

In December 2019 and July 2020, Matson took delivery of two Kanaloa-class Con-Ro ships from General Dynamics' NASSCO shipbuilding division, naming them Lurline and Matsonia, respectively, after its former passenger liners. Joining two Aloha-class freighter sister ships delivered to Matson in 2018 and 2019; in November 2022, the company again contracted Philly Shipyard to build three new 3,600 twenty-foot equivalent units (TEU) Jones Act-compliant container ships at a cost of $1 billion. The first of the three new ships was delivered to Matson, then named Makua on October 10, 2026.

The White Ships passenger line (1908–1979)

Primarily a conveyor of freight; from 1908 on, Matson introduced into service a number of passenger liners to capitalize on the burgeoning tourist trade. Matson took over the Oceanic Steamship Company in May 1926.

From the early 20th century through the 1970s, Matson liners sailed from the west coast ports of San Francisco and Los Angeles to Honolulu and points beyond, including a handful of South Pacific ports of call as well as Sydney, Australia and Auckland, New Zealand. Two of its earlier cargo liners, Maui and Wilhelmina, were the first passenger ships to place their engines aft.

Read the full text

Among those known as the "white ships of Matson" were Malolo (rechristened Matsonia), Lurline, Mariposa, and Monterey. With the advent and expansion of routine air travel between the mainland and the islands, Matson's passenger service was greatly diminished, and the liners were eventually retired from trans-Pacific service and virtually gone by the end of the 1970s.

Hotels

In 1925, Matson acquired a controlling interest in the historic Moana Hotel on Waikiki on the island of Oahu. They constructed the nearby Royal Hawaiian Hotel in 1927. In 1952, they built the SurfRider Hotel (today a wing of the Moana), followed by the Princess Kaiulani Hotel in 1955. Matson sold the four properties to Sheraton Hotels in 1959.

Airline

From 1935, Matson backed Pan American Airways to pioneer air travel across the Pacific, taking an equity stake in the airline. The agreement called for Matson, Pan Am and Inter-Island Steam Navigation (parent of Hawaiian Airlines) to create a new carrier to fly from Hawaii to the mainland, but in 1942 this was denied by the Civil Aeronautics Board (CAB), the now-defunct Federal agency that, at the time, tightly regulated most US commercial air transport. In 1943 Matson created an Oakland, California-based Air Transport Division providing aircraft modifications for the US Navy, including R5Ds, the naval version of the Douglas DC-4. Matson also sought CAB certification of its own to fly scheduled service from Hawaii to the mainland. By 1946, the Oakland base was converting military C-54s to civilian DC-4 configuration.

The CAB was not disposed to allow surface carriers into the airline industry.

In 1946 Matson started unscheduled flights to Hawaii with DC-4s anyway, with ocean-liner standards. Author and pilot Ernest K. Gann, who left American Airlines to fly for Matson, called it "possibly the finest airline ever operated in the world," with food overseen by a former chef to the Belgian king. Interiors featured "Philippine mahogany" and chrome fixtures. But the CAB rejected Matson applications four times between 1946 and 1950, closing it out of scheduled service to Hawaii. Matson dropped aviation March 1948. Matson was financially constrained: in 1947 Matson suspended a dividend it had paid since 1906 and made a loss on its Hawaii freight business. Transocean Air Lines took over Matson's Oakland maintenance base.

One significant legacy of Matson's airline was Gann's 1953 best-selling novel The High and the Mighty (and subsequent John Wayne film of the same name), inspired by his flying for Matson.

From Wikipedia’s article on Matson, Inc., shared under CC BY-SA 4.0.7

Leadership

Who has led Matson, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (55)

Products and brands

Matson's current cargo fleet of U.S.-flagged vessels include:

Anchorage / Kodiak / Tacoma (sister ships)

Daniel K. Inouye / Kaimana Hila (sister ships - Aloha Class)

Imua II / Liloa II (sister ships)

Read the full text

Kamokuiki

Lihue

Lurline / Matsonia (sister ships - Kanaloa Class)

Manoa / Mahimahi (C9 sister ships)

Manulani / Maunawili / Manukai (sister ships)

Maunalei

Mokihana (C9 with garage conversion)

Papa Mau

R.J. Pfeiffer

Haleakala

Mauna Loa

Waialeale

From Wikipedia’s article on Matson, Inc., shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ABHI-Crockett, Inc. Hawaii8
  • AERAS Technologies, LLC California8
  • Aero Logistics, LLC Delaware8
  • Alaska Freight Express, LLC Washington8
  • H-L Distribution Service, LLC Delaware8
  • HLPR Holding Corp. Delaware8
  • Horizon Lines Alaska Terminals, LLC Delaware8
  • Horizon Lines Alaska Vessels, LLC Delaware8
  • Horizon Lines Holding Corp. Delaware8
  • Horizon Lines Merchant Vessels, LLC Delaware8
  • Horizon Lines Vessels, LLC Delaware8
  • Horizon Lines of Guam, LLC Delaware8
  • Horizon Lines of Puerto Rico, LLC Delaware8
  • Horizon Lines, LLC Delaware8
  • Horizon Logistics, LLC Delaware8
  • Horizon Services Group, LLC Delaware8
  • Matson Alaska, Inc. Delaware8
  • Matson Logistics (Shanghai) Co., Ltd. China8
  • Matson Logistics Limited Hong Kong8
  • Matson Logistics Services, LLC Hawaii8
  • Matson Logistics Warehousing, Inc. Hawaii8
  • Matson Logistics, Inc. Hawaii8
  • Matson Logistics, MX, S. de R.L. de C.V. Mexico8
  • Matson Navigation Company of Alaska, LLC Delaware8
All 38 listed subsidiaries
  • Matson Navigation Company, Inc. Hawaii8
  • Matson Navigation Vessels, LLC Delaware8
  • Matson Shipping (Hong Kong) Limited Hong Kong8
  • Matson Shipping (Shanghai) Co., Ltd. China8
  • Matson Shipping Japan KK Japan8
  • Matson South Pacific Holdco Limited New Zealand8
  • Matson South Pacific Limited New Zealand8
  • Matson Terminals, Inc. Hawaii8
  • Matson Ventures, Inc. Hawaii8
  • Midnight Sun Transportation Services, LLC Alaska8
  • Span Acquisition Co., LLC Delaware8
  • Span Intermediate, LLC Delaware8
  • Span-Alaska Transportation, LLC Washington8
  • Tranz Pacific Ship Management Limited New Zealand8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • ALEXANDER & BALDWIN INCNov 15, 1994 to Jun 25, 20126

Timeline

  1. Aug 3, 20268-K Results of operations88
  2. Jul 15, 20268-K Results of operations89
  3. May 4, 20268-K Results of operations90
  4. Apr 27, 20268-K Shareholder vote91
  5. Apr 24, 20268-K Regulation FD disclosure92
  6. Mar 12, 20268-K Executive or director change93
  7. Feb 24, 20268-K Results of operations94
  8. Jan 15, 20268-K Results of operations95
  9. Nov 18, 20258-K Regulation FD disclosure96
  10. Nov 4, 20258-K Results of operations97
  11. Sep 3, 20258-K Regulation FD disclosure98
  12. Jul 31, 20258-K Results of operations99
  13. Jan 25, 2013New chief executive Matthew J. Cox becomes CEO20
  14. Jan 4, 2010New chief executive Stanley M. Kuriyama becomes CEO21
  15. Jan 22, 2004New chief executive James S. Andrasick becomes CEO22
  16. Nov 12, 2003New chief executive W. Allen Doane Jr. becomes CEO23
  17. 1882Founded Founded1

Calendar

Coming up

  1. Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $4.24 a share, on Nov 4, 2025.100

When it reported results

  1. Aug 3, 2026Reported quarterly or annual results88
  2. Jul 15, 2026Reported quarterly or annual results89
  3. May 4, 2026Reported quarterly or annual results90
  4. Feb 24, 2026Reported quarterly or annual results94
  5. Jan 15, 2026Reported quarterly or annual results95
  6. Nov 4, 2025Reported quarterly or annual results97
  7. Jul 31, 2025Reported quarterly or annual results99
  8. May 5, 2025Reported quarterly or annual results101

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

664 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 59 major events, 441 insider forms, 29 large holders, 115 other. The latest 20:

  1. Oct 1, 20264 EDGAR
  2. Sep 29, 2026144 EDGAR
  3. Sep 1, 20264 EDGAR
  4. Sep 1, 20264 EDGAR
  5. Aug 28, 20264 EDGAR
  6. Aug 25, 2026144 EDGAR
  7. Aug 24, 20264 EDGAR
  8. Aug 20, 20264 EDGAR
  9. Aug 20, 20264 EDGAR
  10. Aug 19, 2026144 EDGAR
  11. Aug 19, 2026144 EDGAR
  12. Aug 14, 20264 EDGAR
  13. Aug 14, 2026SCHEDULE 13G EDGAR
  14. Aug 13, 2026144 EDGAR
  15. Aug 12, 20264 EDGAR
  16. Aug 12, 20264 EDGAR
  17. Aug 12, 20264 EDGAR
  18. Aug 12, 20264 EDGAR
  19. Aug 11, 2026144 EDGAR
  20. Aug 11, 2026144 EDGAR

The 664 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

162 open-market trades by officers, directors and large owners since October 2021: 4 buys and 158 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 29, 2026COX MATTHEW JChairman & CEOSale10,000$222.33$2.2MForm 4
Aug 28, 2026COX MATTHEW JChairman & CEOSale10,000$223.54$2.2MForm 4
Aug 24, 2026Angoco Vic S JrExecutive Vice PresidentSale2,293$222.76$510.8KForm 4
Aug 19, 2026Heilmann Peter TEVP, Chief Admin. Officer & GCSale5,000$220.15$1.1MForm 4
Aug 19, 2026Scott Christopher AEVP & Chief Commercial OfficerSale600$219.90$131.9KForm 4
Aug 13, 2026Taylor Jason LeeSenior Vice PresidentSale1,961$217.00$425.5KForm 4
Aug 11, 2026Tungul Jennifer C.Senior Vice PresidentSale402$208.49$83.8KForm 4
Aug 11, 2026Sullivan John WarrenSenior Vice PresidentSale1,917$208.49$399.7KForm 4
Aug 11, 2026Park Kuuhaku TSenior Vice PresidentSale1,000$208.49$208.5KForm 4
Aug 11, 2026Isotoff Leonard PSenior Vice PresidentSale1,250$208.30$260.4KForm 4
Jul 29, 2026COX MATTHEW JChairman & CEOSale10,000$199.81$2.0MForm 4
Jun 29, 2026COX MATTHEW JChairman & CEOSale10,000$192.91$1.9MForm 4
Jun 8, 2026Rascon Laura LSenior Vice PresidentSale2,800$188.53$527.9KForm 4
Jun 8, 2026COX MATTHEW JChairman & CEOSale10,000$190.08$1.9MForm 4
May 28, 2026Cerocke Grace MSenior Vice PresidentSale1,200$183.57$220.3KForm 4
May 20, 2026Scott Christopher AEVP & Chief Commercial OfficerSale1,520$181.05$275.2KForm 4
May 14, 2026Taylor Jason LeeSenior Vice PresidentSale1,650$182.24$300.7KForm 4
May 14, 2026Rascon Laura LSenior Vice PresidentSale540$180.83$97.6KForm 4
May 12, 2026Park Kuuhaku TSenior Vice PresidentSale2,500$180.19$450.5KForm 4
May 12, 2026Heilmann Peter TEVP, Chief Admin. Officer & GCSale7,173$180.19$1.3MForm 4

All 162 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,957,097$952.9M0.0%−55,757
Vanguard Portfolio Management LLC1,995,042$383.5M0.0%−30,495
Dimensional Fund Advisors LP1,943,301$373.6M0.1%−3,439
American Century Companies Inc1,760,017$338.3M0.1%+257,360
Vanguard Capital Management LLC1,294,106$248.8M0.0%−34,198
State Street Corp1,208,201$232.3M0.0%+485
Geode Capital Management, LLC799,011$153.6M0.0%+23,592
Capital Research Global Investors679,691$130.7M0.0%+44,598
Fuller & Thaler Asset Management, Inc.648,405$124.6M0.3%+35,164
Fmr LLC461,027$88.6M0.0%+136,749
Northern Trust Corp397,619$76.4M0.0%+14,410
Morgan Stanley394,689$75.9M0.0%−18,922
Charles Schwab Investment Management Inc380,755$73.2M0.0%+7,482
Millennium Management LLC313,755$60.3M0.0%+263,776
Boston Partners297,305$57.9M0.1%+6,238
Bank of New York Mellon Corp263,418$50.6M0.0%−402
Caisse de depot et placement du Quebec238,234$45.8M0.1%−5,106
Schonfeld Strategic Advisors LLC211,935$40.7M0.2%+65,847
Vanguard Fiduciary Trust Co199,341$38.3M0.0%−927
Bank Of America Corp /de/198,026$38.1M0.0%−2,900
London Co Of Virginia188,631$36.3M0.2%−55,651
Encompass Capital Advisors LLC170,724$32.8M1.4%−29,110
Victory Capital Management Inc170,131$32.7M0.0%−6,122
Goldman Sachs Group Inc166,994$32.1M0.0%−17,588
Royce & Associates LP160,462$30.8M0.2%−13,520

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Matson, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMatson, Inc.2
  • CIK0000003453
  • Employer ID (EIN)99-003263019
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inHawaii19
  • Fiscal year endsDecember 312
  • Industry code (SIC)4400 Water Transportation2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address1411 Sand Island Parkway, Honolulu, HI 968192
  • Phone808-848-12112
  • Shares outstanding29,903,458 as of Jun 30, 202617
  • Public float$3.5B as of Jun 30, 202519
  • AuditorDeloitte & Touche LLP, Honolulu, Hawaii PCAOB ID 34; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceMay 6, 19942
  • Filings2,300 in all: 4 (1,426), 8-K (297), SC 13G/A (100), 10-Q (95), 144 (90), 3 (42), SC 13G (42), 10-K (32)2
    All 39 form types

    DEF 14A (32), DEFA14A (23), 5 (14), S-8 POS (13), NO ACT (12), UPLOAD (10), ARS (8), S-8 (8), U-3A-2 (8), CORRESP (6), 10-K/A (4), 425 (4), 8-K/A (3), CT ORDER (3), SC 13D (3), SC 13D/A (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), 10-Q/A (2), 8-A12B (2), CERTNYS (2), 15-12B (1), 25 (1), 25-NSE (1), 3/A (1), 4/A (1), 8-A12G (1), 8-K12B (1), NT 10-K (1), PRE 14A (1), U-3A-2/A (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Mar 9, 2026
    Latest 8-K (8-K) Aug 3, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, without par valueMATXNew York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks Matson, Inc. names in Item 1A of its 10-K filed Feb 27, 2026: 31 risks under these headings, as written.19

  • Risks Related to the Jones Act
  • Repeal, invalidation, substantial amendment, or waiver of the Jones Act or changes in its application would have an adverse effect on the Company’s business.
  • The Company’s business would be adversely affected if the Company were determined not to be a U.S. citizen under the Jones Act.
  • Risks Related to the Company’s Operations
  • Changes in macroeconomic conditions, geopolitical developments, or governmental policies have affected and could in the future affect the Company.
  • The shipping industry is competitive, and the Company has been and may continue to be impacted by new or increased competition.
  • The loss of or damage to key customer relationships may adversely affect the Company’s business.
  • The Company is dependent upon key vendors and third parties for equipment, capacity, facilities, infrastructure and services essential to operate its business, and if the Company fails to secure sufficient third-party services, its business could be adversely affected.
  • An increase in fuel prices, changes in the Company’s ability to collect fuel-related surcharges, and/or the cost or limited availability of required fuels may adversely affect the Company’s profits.
  • Evolving regulations and stakeholder expectations related to sustainability matters exposes the Company to heightened scrutiny, additional costs, operational challenges and a number of risks.
  • The Company may not be timely or successful in completing its fleet upgrade initiatives, which may result in significant costs and adversely impact the Company’s ability to meet its emission reduction goals.
  • The Company’s vessel construction agreements with Philly Shipyard subject the Company to risks.
The other 21 risks
  • The Company’s operations are susceptible to weather, natural disasters, maritime accidents, spill events and other physical and operating risks.
  • The Company may be impacted by transitional and other risks arising from climate change.
  • The Company faces risks related to actual or threatened health epidemics, outbreaks of disease, pandemics or other major health crises, which could significantly disrupt the Company’s business.
  • The Company’s significant operating agreements and leases could be renewed/replaced on less favorable terms or may not be renewed/replaced on acceptable terms, if at all.
  • The Company may face unexpected dry-docking or repair costs for its vessels.
  • The Company is involved in a joint venture and is subject to risks associated with joint venture relationships.
  • The Company is subject to risks associated with conducting business in foreign markets.
  • The Company’s terminals in Hawaii and Alaska require modernization.
  • Heightened security measures, war, actual or threatened terrorist attacks, efforts to combat terrorism and other acts of violence may adversely impact the Company’s operations and profitability.
  • Acquisitions may have an adverse effect on the Company’s business.
  • Risks Related to Employees
  • Work stoppages or other labor disruptions caused by the Company’s unionized workers and other workers or their unions in related industries could adversely affect the Company’s operations.
  • Loss of the Company’s key personnel or failure to adequately manage human capital could adversely affect its business.
  • Risks Related to Information Technology
  • If the Company is not able to use its information technology and communications systems effectively, the Company’s ability to conduct business might be negatively impacted.
  • The Company’s information technology systems have in the past and may in the future be exposed to cybersecurity risks and other disruptions that could impair the Company’s ability to operate and adversely affect its business.
  • Risks Related to Financial Matters
  • A deterioration of the Company’s credit profile, disruptions of the credit markets or higher interest rates could restrict its ability to access the debt capital markets or increase the cost of debt.
  • Failure to comply with certain restrictive financial covenants contained in the Company’s credit facilities could preclude the payment of dividends, impose restrictions on the Company’s business segments, capital resources or other activities or otherwise adversely affect the Company.
  • The Company’s effective income tax rate may vary.
  • Changes in the value of pension assets, or a change in pension law or key assumptions, may adversely affect the Company’s financial performance.
  • The Company may have exposure under its multi-employer pension and post-retirement plans in which it participates that extends beyond its funding obligation with respect to the Company’s employees.
  • Risks Related to Legal, Regulatory and Compliance Matters
  • As an ocean transportation and logistics services company, the Company is subject to numerous safety, environmental, and other laws and regulations that impact the Company’s operations, are costly to comply with and expose the Company to liability.
  • The Company is subject to, and may in the future be subject to, disputes, legal or other proceedings, and government inquiries or investigations that could have an adverse effect on the Company.

Legal proceedings

Environmental Matters: The Company faces certain risks that could result in material expenditures related to environmental remediation. The Company believes that based on all information currently available to it, the Company is currently in compliance, in all material respects, with applicable environmental laws and regulations.

In accordance with SEC rules, with respect to administrative or judicial proceedings involving the environment, the Company has determined that it will disclose any such proceeding if it reasonably believes such proceeding will result in monetary sanctions, exclusive of interest and costs, at or in excess of $1 million. The Company believes that such threshold is reasonably designed to result in disclosure of environmental proceedings that are material to its business or financial condition.

Other Matters: The Company and its subsidiaries are parties to, or may be contingently liable in connection with, other legal actions arising in the normal course of their businesses, the outcomes of which, in the opinion of management after consultation with counsel, would not have a material effect on the Company’s financial condition, results of operations, or cash flows.

The opening of Item 3, Legal Proceedings.19

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