Filing Flows › Matson (MATX) › Q2 2026 › vs Q1 2026
Matson (MATX) Q2 2026 vs Q1 2026 (quarter over quarter)
Matson's revenue rose $212M (+28%) from $758M in Q1 2026 to $969M in Q2 2026. The biggest changes: Ocean Transportation +$161M (+27%); Logistics +$50.7M (+34%). Operating margin 16.4% against 8.1% (+8.3 pts).
Matson, Q2 2026: revenue $969M (+17% year over year), operating margin 16.4%, net earnings $129M, operating cash flow $138M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 16.4% | 8.1% | +8.3 pts |
| Net margin | 13.3% | 7.5% | +5.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Ocean Transportation | $767M | $606M | $161M | +27% |
| Logistics | $202M | $151M | $50.7M | +34% |
| Revenue | $969M | $758M | $212M | +28% |
| Other income, net | $5.0M | $6.5M | −$1.5M | -23% |
| Operating profit | $159M | $61.4M | $97.5M | +159% |
| Costs & expenses | $810M | $696M | $114M | +16% |
| Pre-tax earnings | $164M | $67.9M | $96.0M | +141% |
| General & admin | $78.0M | $77.5M | $500K | +0.6% |
| Other operating costs | $732M | $619M | $114M | +18% |
| Net earnings | $129M | $56.6M | $72.8M | +129% |
| Income tax | $34.5M | $11.3M | $23.2M | +205% |
| Share-based compensation | $6.2M | $5.5M | $700K | +13% |
| Working capital & other | $2.0M | $31.9M | −$29.9M | -94% |
| Operating cash flow | $138M | $94.0M | $43.6M | +46% |
| Capital expenditures | $182M | $48.3M | $134M | +276% |
| Negative free cash flow (OCF − capex) | $44.2M | −$45.7M | $89.9M | — |
Questions
How much did Matson's revenue grow quarter over quarter in Q2 2026?
Matson's revenue rose $212M (+28%) from $758M in Q1 2026 to $969M in Q2 2026.
What drove Matson's revenue change in Q2 2026?
Ocean Transportation +$161M (+27%); Logistics +$50.7M (+34%).