Filing Flows › Matson (MATX) › Q3 2026 › vs Q3 2025
Matson (MATX) Q3 2026 vs Q3 2025 (year over year)
Matson's revenue rose $233M (+27%) from $880M in Q3 2025 to $1.1B in Q3 2026. The biggest changes: Ocean Transportation +$173M (+24%); Logistics +$60.4M (+37%). Operating margin 22.9% against 18.3% (+4.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.9% | 18.3% | +4.6 pts |
| Net margin | 18.8% | 15.3% | +3.5 pts |
| Free cash flow margin | 15.9% | 10.5% | +5.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Ocean Transportation | $891M | $718M | $173M | +24% |
| Logistics | $222M | $162M | $60.4M | +37% |
| Revenue | $1.1B | $880M | $233M | +27% |
| Other income, net | $8.1M | $7.9M | $200K | +3% |
| Operating profit | $255M | $161M | $94.2M | +59% |
| Costs & expenses | $858M | $719M | $139M | +19% |
| Pre-tax earnings | $263M | $169M | $94.4M | +56% |
| General & admin | $82.1M | $67.3M | $14.8M | +22% |
| Other operating costs | $776M | $652M | $124M | +19% |
| Net earnings | $209M | $135M | $74.7M | +55% |
| Income tax | $53.9M | $34.2M | $19.7M | +58% |
| Share-based compensation | $6.5M | $5.3M | $1.2M | +23% |
| Working capital & other | $13.1M | $35.6M | −$22.5M | -63% |
| Operating cash flow | $229M | $176M | $53.4M | +30% |
| Free cash flow (OCF − capex) | $176M | $92.4M | $84.1M | +91% |
| Capital expenditures | $52.5M | $83.2M | −$30.7M | -37% |
Questions
How much did Matson's revenue grow year over year in Q3 2026?
Matson's revenue rose $233M (+27%) from $880M in Q3 2025 to $1.1B in Q3 2026.
What drove Matson's revenue change in Q3 2026?
Ocean Transportation +$173M (+24%); Logistics +$60.4M (+37%).