Filing Flows › Matson (MATX) › Q1 2025
Matson (MATX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Matson (MATX) reported revenue of $782M for the first quarter 2025 (Q1 2025), +8% from a year earlier and -12% from the quarter before. Operating margin was 10.5%, net earnings $72.3M (9.2% of revenue).
Matson, Q1 2025: revenue $782M (+8% year over year), operating margin 10.5%, net earnings $72.3M, operating cash flow $89.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $782M | -12% | +8% |
| Operating profit | $82.1M | -44% | +122% |
| Net earnings | $72.3M | -44% | +100% |
| Operating cash flow | $89.0M | -49% | +143% |
What changed
Revenue was $782.0M in Q1 2025, up 8% year over year and down 12% from the previous quarter. Ocean Transportation was the largest line at 82% of revenue. Ocean Transportation added $58.4M year over year (up 10%), 97% of the total change.
Operating profit was $82.1M, a 10.5% margin (up 5.4 points year over year). Of the extra revenue versus a year earlier, 75% reached operating profit, above the 5% margin then. Total costs grew 2% against revenue growth of 8%. Net earnings were $72.3M, up 100% year over year. The effective tax rate was 21.6%.
Operating cash flow was $89.0M (up 143% year over year), 123% of net earnings. Non-cash charges added back $5.8M of share-based compensation. Working capital and other items added $10.9M. Capital expenditures of $89.2M exceeded it, leaving free cash flow of −$200K.
Questions
What was Matson's revenue in the first quarter 2025?
Matson (MATX) reported revenue of $782M for the first quarter 2025 (Q1 2025), +8% from a year earlier and -12% from the quarter before.
Was Matson profitable in the first quarter 2025?
Operating profit was $82.1M (10.5% of revenue) and net earnings $72.3M.
Source: Matson 10-Q on SEC EDGAR.