Q4 25 EPS
$4.60
BEAT +24.83%
Est. $3.69
Q4 25 Revenue
$851.9M
BEAT +0.54%
Est. $847.3M
vs S&P Since Q4 25
+18.4%
BEATING MARKET
MATX +25.0% vs S&P +6.6%
Full Year 2025 Results
FY 25 EPS
$13.81
BEAT +6.19%
Est. $13.01
FY 25 Revenue
$3.34B
BEAT +0.14%
Est. $3.34B
Market Reaction
Did MATX Beat Earnings? Q4 2025 Results
Matson delivered a blowout Q4 2025, posting diluted EPS of $4.60 against a consensus estimate of $2.78, a beat of 65.47%, even as full-year revenue slipped 4.3% year over year to $851.90 million for the quarter, modestly above the $847.30 million ana… Read more Matson delivered a blowout Q4 2025, posting diluted EPS of $4.60 against a consensus estimate of $2.78, a beat of 65.47%, even as full-year revenue slipped 4.3% year over year to $851.90 million for the quarter, modestly above the $847.30 million analysts had expected. The outsized earnings result was driven by two converging forces: a favorable $18.50 million tax adjustment that reduced the quarter's effective rate to just 5.2%, and stronger-than-anticipated freight rates in the China tradelane, where robust e-commerce demand helped Ocean Transportation operating income of $136.00 million nearly hold even with the prior year despite a 7.2% volume decline. The October 2025 U.S.-China trade deal, which eased tariff uncertainty, gave management confidence heading into 2026, though Q1 guidance for Ocean Transportation operating income of roughly $50.00 million, well below Q1 2025's $82.10 million, signals a softer start before the company expects a more normal seasonal peak in the middle quarters. Several insiders sold shares in early March, adding a note of caution to an otherwise strong report.
Key Takeaways
- • Higher than expected freight rates and volume in China service driven by strong e-commerce and e-goods demand
- • U.S.-China trade and economic deal announced October 30, 2025 reduced tariff and trade uncertainty
- • SSAT joint venture contribution of $9.3 million in Q4 vs. loss of $9.5 million in prior year due to absence of impairment charge
- • Higher year-over-year volumes in Hawaii (+0.6%) and Guam (+4.4%)
- • One-time tax adjustment of $18.5 million ($0.59 per share) related to deferred tax assets and liabilities
MATX YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
MATX Revenue by Segment
With YoY comparisons, source: SEC Filings
“Matson had a solid finish to the year with consolidated fourth quarter results that exceeded our expectations. For the quarter, Ocean Transportation operating income approached the level achieved in the prior year period primarily due to higher than expected freight rates and volume in our China service driven by strong e-commerce and e-goods demand. Our China service benefited from strong freight demand in our key customer segments as well as a more stable trading environment in the Transpacific tradelane as a result of the U.S.-China trade and economic deal announced on October 30, 2025, which reduced uncertainty regarding tariffs, port entry fees, global trade and other geopolitical factors.”
— Matt Cox, Q4 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% |