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How Matson (MATX) makes money
Matson (MATX) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +27% from a year earlier. Ocean Transportation brought in $891M (80%); Logistics brought in $222M (20%). Of every dollar of revenue, 23¢ was left as operating profit, 19¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Ocean Transportation | $891M | 80.0% | +16% | +24% |
| Logistics | $222M | 20.0% | +10% | +37% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.1B | 100.0% |
| Operating profit | $255M | 22.9% |
| Income tax | $53.9M | 4.8% |
| Net earnings | $209M | 18.8% |
| Operating cash flow | $229M | 20.6% |
| Free cash flow | $176M | 15.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.1B | +26% |
| Q2 2026 | $969M | +17% |
| Q1 2026 | $758M | -3% |
| Q4 2025 | $852M | -4% |
| Q3 2025 | $880M | -8% |
| Q2 2025 | $830M | -2% |
| Q1 2025 | $782M | +8% |
From Matson's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Matson make money?
Matson (MATX) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +27% from a year earlier. Ocean Transportation brought in $891M (80%); Logistics brought in $222M (20%). Of every dollar of revenue, 23¢ was left as operating profit, 19¢ was left as net earnings.
What is Matson's biggest business?
Ocean Transportation: $891M in the third quarter 2026, 80% of revenue, +24% from a year earlier.
What is Matson's profit margin?
Net earnings were $209M, 18.8% of revenue, in the third quarter 2026; the operating margin was 22.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.