Matson Q4 revenue declines 4.3%, but net income rises

Reuters02-25
Matson Q4 revenue declines 4.3%, but net income rises

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.)

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