Matson, Inc. (MATX) FY2025 10-K Annual Report
Matson, Inc. (MATX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Matson, Inc. FY2025 10-K Analysis
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
- • No specific management outlook, guidance, or key risk factors quantified in disclosed text
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
- • No specific regulatory, geopolitical, competitive, or financial risks detailed in provided risk factors text
Matson, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$3.3B
▼ -2.3% YoY
Net Income
$445M
▼ -6.6% YoY
Operating Margin
14.9%
▼ -117bp YoY
Net Margin
13.3%
▼ -62bp YoY
ROE
16.1%
▼ -184bp YoY
Total Assets
$4.6B
▲ +0.9% YoY
EPS (Diluted)
$13.81
▼ -0.9% YoY
Operating Cash Flow
$547M
▼ -28.7% YoY
Source: XBRL data from Matson, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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