Matson, Inc. (MATX) Q3 2025 10-Q Quarterly Report

Filed: Nov 5, 2025Period ending Sep 30, 2025
Industrials
Water TransportationSEC EDGAR

Matson, Inc. (MATX) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Matson, Inc. Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • No quarterly revenue or YoY change figures disclosed for Q3 2025
  • No profitability or margin percentages provided in this section
  • No segment or product line performance data included
  • Shares repurchased 0.6 million in Q3 2025 for $66.4 million, up from 0.4 million shares/$48.1 million in Q3 2024
  • Future vessel construction milestone payments total estimated $1,006 million, with $325.9 million paid as of September 30, 2025
  • Management intends to fund vessel payments with CCF cash, cash equivalents, and investments; no updated guidance or headwinds mentioned

Risk Factors

  • New litigation risk related to Jones Act challenged in Feb 2025 lawsuit alleging constitutional violation, with potential impact if law repealed or amended
  • Updated macroeconomic risk including U.S.-China trade deal suspending port entry fees Nov 10, 2025, following reciprocal tariffs and fees that increased costs
  • Legal risk of losing U.S. citizenship status if over 25% non-U.S. ownership, risking disqualification from coastwise trade and vessel forfeiture
  • Operational risk from intensified competition as new entrants and charter vessels increase shipping capacity, pressuring volumes and rates
  • Market risk of demand decline tied to key U.S. regions’ economies (Hawaii, Alaska, Guam) affected by tourism, military spending, inflation, and currency fluctuations

Matson, Inc. Q3 2025 Quarterly Financials
XBRL

Revenue

$880M

-8.5% YoY +6.0% QoQ

Net Income

$135M

-32.3% YoY +42.2% QoQ

Operating Margin

18.3%

-689bp YoY +469bp QoQ

Net Margin

15.3%

-539bp YoY +390bp QoQ

ROE

5.0%

Total Assets

$4.6B

EPS (Diluted)

$4.19

-27.8% YoY +44.0% QoQ

Operating Cash Flow

$176M

-29.4% YoY +66.3% QoQ

Source: XBRL data from Matson, Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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