Filing Flows › Matson (MATX) › Q1 2026
Matson (MATX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Matson (MATX) reported revenue of $758M for the first quarter 2026 (Q1 2026), -3% from a year earlier and -11% from the quarter before. Operating margin was 8.1%, net earnings $56.6M (7.5% of revenue).
Matson, Q1 2026: revenue $758M (-3% year over year), operating margin 8.1%, net earnings $56.6M, operating cash flow $94.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $758M | -11% | -3% |
| Operating profit | $61.4M | -57% | -25% |
| Net earnings | $56.6M | -60% | -22% |
| Operating cash flow | $94.0M | -47% | +6% |
| Free cash flow | $45.7M | +8% | — |
What changed
Revenue was $757.8M in Q1 2026, down 3% year over year and down 11% from the previous quarter. Ocean Transportation was the largest line at 80% of revenue. Ocean Transportation lost $30.9M year over year (down 5%), 128% of the total change.
Operating profit was $61.4M, a 8.1% margin (down 2.4 points year over year). Total costs fell 1% while revenue fell 3%. Net earnings were $56.6M, down 22% year over year. The effective tax rate was 16.6%.
Operating cash flow was $94.0M (up 6% year over year), 166% of net earnings. Non-cash charges added back $5.5M of share-based compensation. Working capital and other items added $31.9M. Capital expenditures of $48.3M left free cash flow of $45.7M.
Questions
What was Matson's revenue in the first quarter 2026?
Matson (MATX) reported revenue of $758M for the first quarter 2026 (Q1 2026), -3% from a year earlier and -11% from the quarter before.
Was Matson profitable in the first quarter 2026?
Operating profit was $61.4M (8.1% of revenue) and net earnings $56.6M.
Source: Matson 10-Q on SEC EDGAR.