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Operating Income by Segment
Measures profit contribution from each segment, indicating where Matson earns the most margin, where costs or inefficiencies are a concern, and which parts of the business support cash flow for reinvestment, dividends, or debt repayment.Ocean Transportation still dominates Matson’s profitability and shows pronounced seasonality and volatility—after pandemic-era peaks it collapsed in 2023 and recovered in 2024–25 but Q1 2026 pulled back sharply. Management now expects Ocean to be materially higher this year and Q2/Q3 to rebound on stronger China/SE Asia volumes and fuel surcharge catch-up, while Logistics will likely only 'approach' prior levels. For investors this means near‑term earnings hiccups from fuel timing and China softness, but upside into peak season and buybacks/cash coverage mitigate downside—monitor fuel surcharge recovery and China volumes as key catalysts.
Date | Logistics | Ocean Transportation |
|---|---|---|
Jun 30, 2026 | $14.90M | $144.00M |
Mar 31, 2026 | $6.80M | $54.60M |
Dec 31, 2025 | $7.70M | $136.00M |
Sep 30, 2025 | $13.60M | $147.40M |
Jun 30, 2025 | $14.40M | $98.60M |
Mar 31, 2025 | $8.50M | $73.60M |
Dec 31, 2024 | $10.10M | $137.40M |
Sep 30, 2024 | $15.40M | $226.90M |
Jun 30, 2024 | $15.60M | $109.00M |
Mar 31, 2024 | $9.30M | $27.60M |