Matson, Inc. (MATX) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Marine Shipping
EV/EBITDA
↑
7.61
↑+60% vs avg
5yr avg: 4.75
30Y Low2.0·High91.6
P/FCF
↑
35.63
↑+206% vs avg
5yr avg: 11.64
30Y Low2.3·High50.7
P/B Ratio
↓
2.03
↑+24% vs avg
5yr avg: 1.63
30Y Low0.5·High4.2
ROE
↓
16.4%
↑-52% vs avg
5yr avg: 34.4%
30Y Low3%·High71%
Debt/EBITDA
↑
0.91
+8% vs avg
5yr avg: 0.85
30Y Low0.6·High28.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MATX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Matson, Inc. trades at 13.0x earnings, 70% above its 5-year average of 7.7x, sitting at the 67th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a discount of 49%. On a free-cash-flow basis, the stock trades at 35.6x P/FCF, 206% above the 5-year average of 11.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.5B | $3.8B | $4.6B | $3.9B | $2.5B | $3.9B | $2.5B | $1.8B | $1.4B | $1.3B | $1.5B |
| Enterprise Value | $6.1B | $4.4B | $5.1B | $4.5B | $3.1B | $4.7B | $3.5B | $3.0B | $2.2B | $2.1B | $2.3B |
| P/E Ratio → | 12.98 | 8.91 | 9.68 | 13.17 | 2.31 | 4.19 | 12.83 | 21.36 | 12.66 | 5.56 | 19.13 |
| P/S Ratio | 1.64 | 1.15 | 1.35 | 1.26 | 0.57 | 0.99 | 1.04 | 0.80 | 0.62 | 0.63 | 0.79 |
| P/B Ratio | 2.03 | 1.39 | 1.74 | 1.63 | 1.07 | 2.33 | 2.58 | 2.19 | 1.82 | 1.90 | 3.11 |
| P/FCF | 35.63 | 25.00 | 10.08 | 14.93 | 2.31 | 5.90 | 10.43 | — | — | — | — |
| P/OCF | 10.01 | 7.02 | 6.01 | 7.66 | 1.93 | 3.95 | 5.77 | 7.10 | 4.51 | 5.73 | 9.76 |
P/E links to full P/E history page with 30-year chart
MATX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Matson, Inc.'s enterprise value stands at 7.6x EBITDA, 60% above its 5-year average of 4.8x. The Industrials sector median is 13.8x, placing the stock at a 45% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.32 | 1.49 | 1.46 | 0.72 | 1.19 | 1.46 | 1.35 | 1.00 | 1.04 | 1.17 |
| EV / EBITDA | 7.61 | 5.56 | 5.91 | 6.97 | 1.97 | 3.36 | 7.51 | 9.87 | 10.12 | 9.79 | 9.68 |
| EV / EBIT | 12.97 | 8.04 | 8.39 | 11.69 | 2.27 | 3.90 | 12.11 | 22.78 | 13.30 | 14.23 | 15.01 |
| EV / FCF | — | 28.81 | 11.13 | 17.18 | 2.93 | 7.08 | 14.60 | — | — | — | — |
MATX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Matson, Inc. earns an operating margin of 14.0%, above the Industrials sector average of 4.9%. Operating margins have expanded from 11.0% to 14.0% over the past 3 years, signaling improving operational efficiency. ROE of 16.4% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 10.8% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.8% | 22.8% | 25.0% | 20.2% | 35.3% | 34.8% | 20.1% | 14.8% | 15.6% | 15.9% | 16.6% |
| Operating Margin | 14.0% | 14.0% | 16.1% | 11.0% | 29.3% | 28.8% | 10.7% | 4.9% | 5.7% | 5.8% | 7.1% |
| Net Profit Margin | 13.3% | 13.3% | 13.9% | 9.6% | 24.5% | 23.6% | 8.1% | 3.8% | 4.9% | 11.3% | 4.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.4% | 16.4% | 18.9% | 12.6% | 53.7% | 70.6% | 21.9% | 10.6% | 15.2% | 39.4% | 17.2% |
| ROA | 9.5% | 9.5% | 10.7% | 6.9% | 26.5% | 28.1% | 6.7% | 3.1% | 4.5% | 10.2% | 4.2% |
| ROIC | 10.8% | 10.8% | 13.5% | 8.6% | 35.3% | 38.6% | 9.6% | 4.5% | 6.1% | 6.5% | 10.0% |
| ROCE | 11.3% | 11.3% | 14.2% | 9.1% | 37.2% | 41.4% | 10.6% | 4.8% | 6.1% | 6.0% | 8.5% |
MATX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Matson, Inc. carries a Debt/EBITDA ratio of 0.9x, which is very conservative (71% below the sector average of 3.2x). Net debt stands at $585M ($727M total debt minus $142M cash). Interest coverage of 32.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | 0.28 | 0.30 | 0.40 | 0.64 | 1.04 | 1.52 | 1.13 | 1.27 | 1.49 |
| Debt / EBITDA | 0.91 | 0.91 | 0.87 | 1.12 | 0.58 | 0.76 | 2.17 | 4.07 | 3.92 | 3.95 | 3.16 |
| Net Debt / Equity | — | 0.21 | 0.18 | 0.25 | 0.29 | 0.46 | 1.03 | 1.49 | 1.11 | 1.24 | 1.46 |
| Net Debt / EBITDA | 0.73 | 0.73 | 0.56 | 0.92 | 0.41 | 0.56 | 2.14 | 4.00 | 3.83 | 3.85 | 3.10 |
| Debt / FCF | — | 3.81 | 1.05 | 2.25 | 0.62 | 1.17 | 4.17 | — | — | — | — |
| Interest Coverage | 32.40 | 32.40 | 80.92 | 31.57 | 76.13 | 52.83 | 10.45 | 5.79 | 8.90 | 6.17 | 6.26 |
MATX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.89x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.07x to 0.89x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.89 | 0.89 | 1.09 | 1.07 | 1.31 | 1.15 | 0.60 | 0.66 | 0.86 | 0.93 | 0.99 |
| Quick Ratio | 0.89 | 0.89 | 1.09 | 1.07 | 1.31 | 1.15 | 0.60 | 0.66 | 0.86 | 0.93 | 0.99 |
| Cash Ratio | 0.27 | 0.27 | 0.48 | 0.24 | 0.44 | 0.47 | 0.03 | 0.05 | 0.05 | 0.07 | 0.05 |
| Asset Turnover | — | 0.70 | 0.74 | 0.72 | 1.00 | 1.06 | 0.82 | 0.77 | 0.89 | 0.88 | 0.89 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 28.03 | 30.93 | 50.00 | 36.92 | 34.11 | 38.85 | 36.23 | 41.13 | 35.16 | 40.02 |
MATX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Matson, Inc. returns 6.3% to shareholders annually — split between a 0.8% dividend yield and 5.5% buyback yield. The payout ratio of 10.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 1.2% | 1.0% | 1.2% | 2.0% | 1.2% | 1.6% | 2.1% | 2.6% | 2.6% | 2.1% |
| Payout Ratio | 10.1% | 10.1% | 9.4% | 15.1% | 4.5% | 4.9% | 20.3% | 45.0% | 32.5% | 14.6% | 39.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.7% | 11.2% | 10.3% | 7.6% | 43.3% | 23.8% | 7.8% | 4.7% | 7.9% | 18.0% | 5.2% |
| FCF Yield | 2.8% | 4.0% | 9.9% | 6.7% | 43.3% | 16.9% | 9.6% | — | — | — | — |
| Buyback Yield | 5.5% | 7.9% | 4.3% | 4.0% | 16.2% | 5.1% | 0.0% | 0.0% | 0.0% | 1.5% | 2.5% |
| Total Shareholder Yield | 6.3% | 9.1% | 5.3% | 5.1% | 18.1% | 6.3% | 1.6% | 2.1% | 2.6% | 4.1% | 4.6% |
| Shares Outstanding | — | $31M | $34M | $36M | $39M | $43M | $44M | $43M | $43M | $43M | $44M |
Peer Comparison
Compare MATX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MATXYou | $5B | 13.0 | 7.6 | 35.6 | 22.8% | 14.0% | 16.4% | 10.8% | 0.9 |
 ZIM | $3B | 6.6 | 3.7 | 2.0 | 16.8% | 12.2% | 11.9% | 7.3% | 2.7 |
 SBLK | $3B | 36.7 | 11.9 | 14.7 | 22.5% | 13.5% | 3.4% | 3.2% | 3.5 |
 INSW | $4B | 14.5 | 10.5 | 117.1 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 ASC | $770M | 21.4 | 7.4 | — | 34.2% | 26.1% | 6.5% | 9.0% | 1.1 |
 UPS | $85B | 15.3 | 9.1 | 17.8 | 18.5% | 9.6% | 33.8% | 16.1% | 2.6 |
 FDX | $88B | 22.4 | 11.6 | 29.7 | 21.6% | 6.9% | 14.7% | 7.7% | 3.6 |
 CHRW | $20B | 35.5 | 24.3 | 22.7 | 8.4% | 4.9% | 32.9% | 18.0% | 1.8 |
 EXPD | $20B | 25.5 | 17.5 | 21.2 | 15.3% | 9.5% | 35.5% | 48.4% | 0.5 |
 XPO | $24B | 78.3 | 22.9 | 73.8 | 12.0% | 8.9% | 18.3% | 9.3% | 3.8 |
 HUBG | $3B | 25.3 | 9.1 | 18.1 | 85.4% | 3.6% | 6.3% | 5.1% | 1.5 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonMATX — Frequently Asked Questions
Quick answers to the most common questions about buying MATX stock.
What is Matson, Inc.'s P/E ratio?
Matson, Inc.'s current P/E ratio is 13.0x. The historical average is 12.1x. This places it at the 67th percentile of its historical range.
What is Matson, Inc.'s EV/EBITDA?
Matson, Inc.'s current EV/EBITDA is 7.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.0x.
What is Matson, Inc.'s ROE?
Matson, Inc.'s return on equity (ROE) is 16.4%. The historical average is 16.8%.
Is MATX stock overvalued?
Based on historical data, Matson, Inc. is trading at a P/E of 13.0x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Matson, Inc.'s dividend yield?
Matson, Inc.'s current dividend yield is 0.80% with a payout ratio of 10.1%.
What are Matson, Inc.'s profit margins?
Matson, Inc. has 22.8% gross margin and 14.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Matson, Inc. have?
Matson, Inc.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.