Filing Flows › Matson (MATX) › Q3 2026 › vs Q2 2026
Matson (MATX) Q3 2026 vs Q2 2026 (quarter over quarter)
Matson's revenue rose $144M (+15%) from $969M in Q2 2026 to $1.1B in Q3 2026. The biggest changes: Ocean Transportation +$124M (+16%); Logistics +$20.2M (+10%). Operating margin 22.9% against 16.4% (+6.5 pts).
Matson, Q3 2026: revenue $1.1B (+26% year over year), operating margin 22.9%, net earnings $209M, operating cash flow $229M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 22.9% | 16.4% | +6.5 pts |
| Net margin | 18.8% | 13.3% | +5.5 pts |
| Free cash flow margin | 15.9% | -4.6% | +20.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Ocean Transportation | $891M | $767M | $124M | +16% |
| Logistics | $222M | $202M | $20.2M | +10% |
| Revenue | $1.1B | $969M | $144M | +15% |
| Other income, net | $8.1M | $5.0M | $3.1M | +62% |
| Operating profit | $255M | $159M | $96.3M | +61% |
| Costs & expenses | $858M | $810M | $47.8M | +6% |
| Pre-tax earnings | $263M | $164M | $99.4M | +61% |
| General & admin | $82.1M | $78.0M | $4.1M | +5% |
| Other operating costs | $776M | $732M | $43.7M | +6% |
| Net earnings | $209M | $129M | $80.0M | +62% |
| Income tax | $53.9M | $34.5M | $19.4M | +56% |
| Share-based compensation | $6.5M | $6.2M | $300K | +5% |
| Working capital & other | $13.1M | $2.0M | $11.1M | +555% |
| Operating cash flow | $229M | $138M | $91.4M | +66% |
| Free cash flow (OCF − capex) | $176M | −$44.2M | $221M | — |
| Capital expenditures | $52.5M | $182M | −$129M | -71% |
Questions
How much did Matson's revenue grow quarter over quarter in Q3 2026?
Matson's revenue rose $144M (+15%) from $969M in Q2 2026 to $1.1B in Q3 2026.
What drove Matson's revenue change in Q3 2026?
Ocean Transportation +$124M (+16%); Logistics +$20.2M (+10%).