Matson (MATX) FY2024 results: revenue $3.4 billion, up 10.6% on the year
Matson, Inc. (MATX) reported revenue of $3.4 billion for fiscal 2024, the year ended 31 December 2024, up 10.6% on the year before. Net income was $476 million, up 60.4%, and diluted earnings per share $13.93. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$3.4 billion
+10.6% on the year
FY2017FY2024
Operating margin
16.1%
11.1% a year earlier
FY2017FY2024
Net income
$476 million
+60.4% on the year
FY2017FY2024
Diluted EPS
$13.93
+67.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
768
510
1,272
+50.4%
Capital expenditure
310
248
209
+24.8%
Free cash flow
458
262
1,063
+74.6%
Free cash flow margin
13.4%
8.5%
24.5%
Cash from investing
-336
-338
-729
Cash from financing
-301
-290
-577
Depreciation and amortisation
148
138
135
+7.4%
Share-based compensation
26.5
23.8
18.3
+11.3%
Buybacks
199
155
397
+28.3%
Dividends paid
44.8
45.0
48.0
-0.4%
Dividend per share
$1.32
$1.26
$1.22
+4.8%
Diluted shares, weighted
34m
36m
39m
-4.2%
Shares outstanding at period end
33m
34m
36m
-4.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,652
2,401
2,297
+10.5%
Short-term borrowings
39.7
39.7
76.9
0.0%
Debt
401
441
518
-9.0%
Operating lease liabilities
230
159
262
+44.1%
Other liabilities
1,273
1,254
1,176
+1.5%
Total liabilities and equity
4,595
4,295
4,330
+7.0%
Fixed assets
2,261
2,090
1,962
+8.2%
Goodwill
328
328
328
0.0%
Intangible assets
159
176
175
-9.6%
Cash and equivalents
267
134
250
+99.1%
Receivables
269
279
268
-3.8%
Other assets
1,312
1,287
1,346
+1.9%
Total assets
4,595
4,295
4,330
+7.0%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.