Short answer
Matson, Inc. (MATX) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $3.3B (−2.3% year over year) and net income of $445M.
- Top risk flagged: Cybersecurity risk exposure with ongoing oversight by Audit Committee reviewing policies twice yearly
FY2025 key financial metrics · XBRL
- Revenue
- $3.3B
- −2.3% YoY
- Net income
- $445M
- −6.6% YoY
- Operating margin
- 14.9%
- −1.2 pp YoY
- EPS (diluted)
- $13.81
- −0.9% YoY
- ROE
- 16.1%
- −1.8 pp YoY
- Operating cash flow
- $547M
- −28.7% YoY
Source: XBRL data from the Matson, Inc. (MATX) FY2025 10-K on SEC EDGAR. USD.
Matson, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Maritime shipping and transportation services including vessel construction financing via Capital Construction Fund (CCF)
- New emphasis on funding construction for three new Jones Act vessels with $307.2M CCF cash and $225.5M CCF investments as of Dec 31, 2025
- Strategic financial shift: Entered $550M revolving credit facility July 2025, amended loan covenants including elimination of interest coverage ratio covenant
- Quantitative highlight: Total debt reduced from $400.9M (2024) to $361.2M (2025) with $544.3M remaining borrowing availability under credit facility
- Noteworthy fact: CCF cash deposits now invested in short-term U.S. Treasury securities with 95-day weighted average life, reflecting liquidity focus
Management Discussion & Analysis
- Text contains forward-looking statements under Private Securities Litigation Reform Act of 1995
- No revenue, profitability, segment performance, cash flow, or capital allocation figures provided
Risk Factors
- Cybersecurity risk exposure with ongoing oversight by Audit Committee reviewing policies twice yearly
- Operational risk from IT disruptions affecting Matson’s ability to operate, overseen by CIO and CISO with regular Board briefings
- Risk management governed by ERM process aligned with COSO framework promoting visibility of critical risks across short to long term
- Board committees, including Corporate Compliance Committee, play active role in monitoring cybersecurity initiatives biannually to Audit Committee
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