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Matsons MATX Ocean Transportation — Vessel Operating Expense

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Other financials

Income statement

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Revenue$757.8M-3.1%
Operating income$61.4M-25.2%
Net income$56.6M-21.7%
EPS (diluted)$1.85-15.1%

Balance sheet

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Cash & equivalents$100.1M-18.0%
Total debt$697.2M-1.2%
Total equity$2.7B+3.7%
Total assets$4.6B+1.2%

Cash flow

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Operating cash flow$94.0M+5.6%
CapEx$3.2M-57.9%
Free cash flow$90.8M+11.5%

Valuation

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Market cap$6.17B+70.5%
Enterprise value$6.76B+60.1%
P/E14.4×+7.0×
P/S1.9×+0.8×

Profitability

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Operating margin14.4%-2.7pp
Net margin12.9%-1.8pp
FCF margin16.7%-6.9pp

Returns & leverage

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Return on equity16%-4.5pp
Debt / equity0.3×0.0×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Matsons in its filing.

Tagged under the XBRL concept matx:VesselOperatingExpense.

The source filing: Matsons’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 6:15 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-055178
(In millions)Three Months Ended / March 31, 2026 / Ocean TransportationThree Months Ended / March 31, 2026 / LogisticsThree Months Ended / March 31, 2026 / TotalThree Months Ended / March 31, 2025 / Ocean TransportationThree Months Ended / March 31, 2025 / LogisticsThree Months Ended / March 31, 2025 / Total
Operating Expenses:
Operating costs:
Direct cargo expense(234.8)(234.8)(238.2)(238.2)
Vessel operating expense(138.7)(138.7)(147.4)(147.4)
Operating overhead (3)(81.7)(81.7)(87.1)(87.1)
Direct operating costs(126.5)(126.5)(117.8)(117.8)
Depreciation and amortization(39.1)(3.1)(42.2)(37.2)(3.4)(40.6)
Total operating costs(494.3)(129.6)(623.9)(509.9)(121.2)(631.1)

Item 1. Financial Statements (Unaudited)

FAQ

What is Matsons's ocean transportation — vessel operating expense?
Matsons (MATX) reported ocean transportation — vessel operating expense of -$138.7M in Q1 2026.
How has Matsons's ocean transportation — vessel operating expense changed year-over-year?
Matsons's ocean transportation — vessel operating expense increased by 5.9% year-over-year, from -$147.4M to -$138.7M.
What is the long-term trend for Matsons's ocean transportation — vessel operating expense?
Over 3 years (2022 to 2025), Matsons's ocean transportation — vessel operating expense has grown at a -25.4% compound annual growth rate (CAGR), from $703.6M to -$292.6M.
What does ocean transportation — vessel operating expense mean?
The recurring costs required to maintain and operate the shipping fleet, such as crew wages, vessel maintenance, insurance, and lubricants. It serves as a key indicator of the operational cost structure for the maritime segment.

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