Filing Flows › Matson (MATX) › Q2 2025
Matson (MATX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Matson (MATX) reported revenue of $830M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +6% from the quarter before. Operating margin was 13.6%, net earnings $94.7M (11.4% of revenue).
Matson, Q2 2025: revenue $830M (-2% year over year), operating margin 13.6%, net earnings $94.7M, operating cash flow $106M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $830M | +6% | -2% |
| Operating profit | $113M | +38% | -9% |
| Net earnings | $94.7M | +31% | -16% |
| Operating cash flow | $106M | +19% | -66% |
| Free cash flow | $19.3M | — | -92% |
What changed
Revenue was $830.5M in Q2 2025, down 2% year over year and up 6% from the previous quarter. Ocean Transportation was the largest line at 81% of revenue. Ocean Transportation lost $14.3M year over year (down 2%), 85% of the total change.
Operating profit was $113.0M, a 13.6% margin (down 1.1 points year over year). Total costs fell 1% while revenue fell 2%. Net earnings were $94.7M, down 16% year over year. The effective tax rate was 22.2%.
Operating cash flow was $105.6M (down 66% year over year), 112% of net earnings. Non-cash charges added back $5.9M of share-based compensation. Capital expenditures of $86.3M left free cash flow of $19.3M.
Questions
What was Matson's revenue in the second quarter 2025?
Matson (MATX) reported revenue of $830M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +6% from the quarter before.
Was Matson profitable in the second quarter 2025?
Operating profit was $113M (13.6% of revenue) and net earnings $94.7M.
Source: Matson 10-Q on SEC EDGAR.