Q3 25 EPS
$4.24
BEAT +30.33%
Est. $3.25
Q3 25 Revenue
$880.1M
BEAT +5.10%
Est. $837.4M
vs S&P Since Q3 25
+109.3%
BEATING MARKET
MATX +118.8% vs S&P +9.5%
Market Reaction
Did MATX Beat Earnings? Q3 2025 Results
Matson delivered a decisive earnings beat in Q3 2025, posting EPS of $4.24 against a consensus estimate of $3.25, a 30.33% positive surprise, even as broader revenue headwinds told a more complicated story. Consolidated revenue fell 8.5% year-over-ye… Read more Matson delivered a decisive earnings beat in Q3 2025, posting EPS of $4.24 against a consensus estimate of $3.25, a 30.33% positive surprise, even as broader revenue headwinds told a more complicated story. Consolidated revenue fell 8.5% year-over-year to $880.10 million, still clearing the $837.41 million consensus by 5.10%, but the topline decline reflected a punishing environment for its China service, where tariff uncertainty triggered a pull-forward of cargo into late Q2 that left the peak season unusually quiet, with China container volumes dropping 12.8% and freight rates running below prior-year levels. Net income declined 32.3% to $134.70 million as operating income compressed sharply across Ocean Transportation. A notable late-quarter development, the U.S.-China trade deal announced October 30th, suspended port entry fees that Matson had been absorbing rather than passing to customers, potentially shielding the company from up to $80 million in annual costs. Still, management guided Q4 2025 consolidated operating income approximately 30% below the prior-year period, as customers remain cautious about rebuilding inventory levels.
Key Takeaways
- • Lower year-over-year freight rates and container volume in China service due to tariff uncertainty and global trade volatility
- • Muted Transpacific peak season as businesses pulled forward cargo ahead of U.S. tariff deadlines
- • Higher container volumes in Hawaii (+0.3%) and Alaska (+4.1%)
- • Lower container volume in Guam (-4.2%) due to lower general demand
- • SSAT joint venture contributed $9.3 million, up $2.4 million year-over-year on higher lift revenue
- • Lower Logistics contributions from freight forwarding, transportation brokerage, and supply chain management
MATX YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
MATX Revenue by Segment
With YoY comparisons, source: SEC Filings
“Matson's Ocean Transportation and Logistics business segments performed well in a difficult environment marked by continued uncertainty and volatility arising from tariffs and global trade. In Ocean Transportation, our operating income was lower year-over-year primarily due to lower year-over-year freight rates and container volume in our China service. The Transpacific tradelane experienced a muted peak season compared to the elevated demand levels last year due to businesses advancing cargo in the late second quarter and early third quarter ahead of U.S. tariff deadlines, which led to lower third quarter demand for our expedited services.”
— Matt Cox, Q3 2025 Earnings Press Release
MATX Earnings Trends
MATX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MATX EPS Trend
Earnings per share: estimate vs actual
MATX Revenue Trend
Quarterly revenue: estimate vs actual
MATX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.61 | $1.85 | +15.14% | $757.8M | -2.54% |
| Q4 25 BEAT FY | $3.69 | $4.60 | +24.83% | $851.9M | +0.54% |
| FY Full Year | $13.01 | $13.81 | +6.19% | $3.34B | +0.14% |
| Q3 25 BEAT | $3.25 | $4.24 | +30.33% | $880.1M | +5.10% |
| Q2 25 BEAT | $2.28 | $2.92 | +28.07% | $830.5M | +2.64% |
| Q1 25 MISS | $2.27 | $2.18 | -3.82% | $782.0M | -1.24% |