Filing Flows › Matson (MATX) › Q2 2026 › vs Q2 2025
Matson (MATX) Q2 2026 vs Q2 2025 (year over year)
Matson's revenue rose $139M (+17%) from $830M in Q2 2025 to $969M in Q2 2026. The biggest changes: Ocean Transportation +$91.8M (+14%); Logistics +$47.1M (+30%). Operating margin 16.4% against 13.6% (+2.8 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 16.4% | 13.6% | +2.8 pts |
| Net margin | 13.3% | 11.4% | +1.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Ocean Transportation | $767M | $676M | $91.8M | +14% |
| Logistics | $202M | $155M | $47.1M | +30% |
| Revenue | $969M | $830M | $139M | +17% |
| Other income, net | $5.0M | $8.7M | −$3.7M | -43% |
| Operating profit | $159M | $113M | $45.9M | +41% |
| Costs & expenses | $810M | $718M | $93.0M | +13% |
| Pre-tax earnings | $164M | $122M | $42.2M | +35% |
| General & admin | $78.0M | $74.4M | $3.6M | +5% |
| Other operating costs | $732M | $643M | $89.4M | +14% |
| Net earnings | $129M | $94.7M | $34.7M | +37% |
| Income tax | $34.5M | $27.0M | $7.5M | +28% |
| Share-based compensation | $6.2M | $5.9M | $300K | +5% |
| Working capital & other | $2.0M | $5.0M | −$3.0M | -60% |
| Operating cash flow | $138M | $106M | $32.0M | +30% |
| Capital expenditures | $182M | $86.3M | $95.5M | +111% |
| Negative free cash flow (OCF − capex) | $44.2M | −$19.3M | $63.5M | — |
Questions
How much did Matson's revenue grow year over year in Q2 2026?
Matson's revenue rose $139M (+17%) from $830M in Q2 2025 to $969M in Q2 2026.
What drove Matson's revenue change in Q2 2026?
Ocean Transportation +$91.8M (+14%); Logistics +$47.1M (+30%).