Matson Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Matson Inc (MATX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Matson Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 3,459M vs 127,835M combined for tracked competitors (2.6% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+12.1% annualized vs trailing 12 months), vs accelerating (+2.2%) for its tracked peer group.
- Growth: Matson Inc generated 16.7% revenue growth year over year in Q2 2026, vs 5.5% for its tracked competitors combined.
- Profitability: Its 13.4% net margin compares with 8.6% for the peer group.
- Scale: Matson Inc ranks #5 of 20 companies by market capitalization in the Cruise and Shipping industry, holding 3.8% of industry market cap.
- Peer revenue share: Matson Inc accounted for 2.9% of combined revenue among its tracked peer group, up from 2.6% a year earlier.
- Peer differentiation: Revenue per employee of $17.30M compares with $0.43M for the peer group (39.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MATX Sales vs. its Competitors, Q2 2026
Matson Inc reported revenue growth of 16.72 % year on year in Q2 2026, above its competitors' combined revenue growth of 5.50 %.
With a net margin of 13.35 %, Matson Inc achieved higher profitability than its competitors (8.57 %).
Matson Inc generated 2.88 % of the combined sales of its peer group, up from 2.61 % a year earlier.
Matson Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Matson Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Matson inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Matson Inc's competitor groups requires a Commercial License.
For context: the Cruise and Shipping industry grew revenue 9.4% year over year, combined, vs 16.7% for Matson Inc. Matson Inc's share of combined industry revenue moved from 1.58% to 1.69%, a gain of 0.11 percentage points.
Matson Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Matson inc | Yes | No | No | Yes |
| Competitors combined (23) | ||||
| High-Confidence Competitors (3) | ||||
| Similar-Size Competitors (8) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 87.50 % (7 of 8) | 87.50 % (7 of 8) | 0.00 % (0 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MATX Stock Performance relative to its Competitors
MATX Stock Performance relative to High-Confidence Competitors
MATX Stock Performance relative to Similar-Size Competitors
MATX Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Nabors Industries Ltd | 282.9% | Outperformed |
| 2 | Patterson uti Energy Inc | 282.9% | Outperformed |
| 3 | Helmerich and Payne inc | 282.9% | Outperformed |
| 4 | Transocean ltd | 282.9% | Outperformed |
| 5 | Sfl Corporation Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Matson Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Matson Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Matson inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Matson inc | 6,770.54 | 3,459.20 |
| Slb Limited | 77,543.94 | 36,365.00 |
| Baker Hughes Company | 57,120.00 | 27,893.00 |
| Halliburton Company | 27,176.34 | 22,373.00 |
| Dover Corp | 25,955.69 | 8,420.56 |
| Expeditors International Of Washington Inc | 24,774.13 | 12,036.00 |
| SUBTOTAL | 299,186.46 | 171,777.06 |
Sign in to see all competitors of Matson inc .
Sources: Matson inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Matson inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Matson Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| CMA CGM | Named by the company | 85% |
| Pasha | Named by the company | 85% |
| Zim | Named by the company | 85% |
| Alaska Marine Lines | Named by the company | 85% |
| Maersk Lines | Named by the company | 85% |
| SSAT | Named by the company | 85% |
| Cosco | Named by the company | 85% |
| Pasha Hawaii | Named by the company | 85% |
| ONE | Named by the company | 85% |
| Aloha Marine Lines | Named by the company | 85% |
| ONE | Named by the company | 85% |
| Totem Ocean Trailer Express, Inc. | Named by the company | 85% |
| Hede | Named by the company | 85% |
| Samson Tug & Barge | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Matson Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Matson Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Matson inc | Ocean Transportation Segment 81.35 % |
| Slb Limited | Production Systems 42.03 % |
| Baker Hughes Company | Oilfield Services and Equipment 52.34 % |
| Halliburton Company | Completion and Production 55.83 % |
| Dover Corp | Clean Energy & Fueling 27.17 % |
| Loews Corp | CNA Financial Corporation 80.72 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Matson Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Matson inc | 6,771 | 17,296,000 | 2,319,000 |
| Slb Limited | 77,544 | 333,624 | 28,899 |
| Baker Hughes Company | 57,120 | 498,089 | 56,304 |
| Halliburton Company | 27,176 | 466,104 | 33,479 |
| Dover Corp | 25,956 | 350,857 | 90,018 |
| Expeditors International Of Washington Inc | 24,774 | 601,800 | 46,067 |
| PEERS TOTAL | 292,416 | 433,426 | 34,437 |
Matson Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Slb Limited | Middle East 28.67 % |
| Halliburton Company | North America 39.54 % |
| Dover Corp | United States 55.59 % |
| Expeditors International Of Washington Inc | US 34.30 % |
| Transocean ltd | US 35.61 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Matson Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 19 companies in Matson Inc's industry classification, broader than the peer set above. Market cap in millions of $.Matson Inc ranks #5 of 19 companies by market capitalization in its industry, holding 3.83 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,076, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Royal Caribbean Cruises Ltd | 64,600 | 36.13 % |
| 2 | Viking Holdings Ltd | 35,524 | 19.87 % |
| 3 | Carnival Corporation | 30,779 | 17.21 % |
| 4 | Kirby Corporation | 6,941 | 3.88 % |
| 5 | Matson inc | 6,850 | 3.83 % |
| 6 | Norwegian Cruise Line Holdings ltd | 1,234 | 5.2% |
| 7 | Golar Lng Limited | 1,234 | 5.2% |
| 8 | International Seaways Inc | 1,234 | 5.2% |
| 9 | Golden Ocean Group Limited | 1,234 | 5.2% |
| 10 | Tidewater Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Matson Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Matson Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Royal Caribbean Cruises Ltd | 64,600 | -25.72 % |
| 2 | Viking Holdings Ltd | 35,524 | 32.60 % |
| 3 | Carnival Corporation | 30,779 | -27.25 % |
| 4 | Kirby Corporation | 6,941 | 53.67 % |
| 5 | Matson inc | 6,850 | 119.22 % |
| 6 | Norwegian Cruise Line Holdings ltd | 1,234 | 12.3% |
| 7 | Golar Lng Limited | 1,234 | 12.3% |
| 8 | International Seaways Inc | 1,234 | 12.3% |
| 9 | Golden Ocean Group Limited | 1,234 | 12.3% |
| 10 | Tidewater Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Matson Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Matson Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Cruise and Shipping industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (18 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 47.32 % (avg) | - |
| Operating Margin | 15.18 % | industry median | -0.6 pp |
| EBITDA Margin | 15.95 % | 37.55 % (avg) | -21.6 pp |
| Capital Intensity (Capex / Revenue) | 13.69 % | 15.60 % (avg) | -1.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Matson Inc's Valuation vs Competitive Position
Valuation multiples vs the Cruise and Shipping industry average (18 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 13.2x | 24.6x | -11.4x |
| EV / EBITDA | 11.2x | 15.4x | -4.3x |
| P/B | 2.2x | 4.0x | -1.8x |
| Return on Equity | 16.94 % | industry aggregate | -12.25 % |
| Return on Invested Capital | 8.69 % | 5.60 % (avg) | 3.09 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Matson Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 8.59 % | -0.89 % | 8.18 % | 64.70 % | 10.64 % | -28.75 % | 10.57 % | -2.26 % |
| Operating Margin | 7.37 % | 5.86 % | 11.76 % | 30.25 % | 31.17 % | 11.08 % | 16.11 % | 14.94 % |
| Return on Invested Capital | 5.90 % | 4.59 % | 10.48 % | 35.54 % | 27.80 % | 6.75 % | 10.29 % | 8.81 % |
| P/E | 14.0x | 20.1x | 13.4x | 4.0x | 2.4x | 12.3x | 10.5x | 9.0x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Matson Inc's Strategic Group Map
Every company in Matson Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Matson Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Matson Inc's BCG Growth-Share Matrix
Relative market share (vs Matson Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Matson Inc falls in the Dog quadrant: relative market share of 0.11x vs its largest competitor, in an industry growing revenue -0.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Royal Caribbean Cruises Ltd alone holds 36% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Matson Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,076 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 13.69 % vs industry average 15.60 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Matson Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Matson Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Matson Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Matson Inc falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Matson Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+12.1% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 12.3 points below the industry aggregate.
- Low relative market share vs the industry leader (0.11x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Trades at a lower P/E than the industry average (13.2x vs 24.6x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of tracked competitors (36.40 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Royal Caribbean Cruises Ltd, holding 36.13 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Matson Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Matson inc | 0.21 | 0.86 | 0.13 |
| Slb Limited | 0.20 | 1.37 | 0.38 |
| Baker Hughes Company | - | 1.58 | 0.46 |
| Halliburton Company | 0.36 | 2.02 | 0.68 |
| Dover Corp | - | 1.91 | 0.45 |
| Expeditors International Of Washington Inc | 0.56 | 1.73 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Matson Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Matson inc | Q2 2026 | +16.7 % | +36.6 % |
| Slb Limited | Q2 2026 | +5.0 % | -22.2 % |
| Baker Hughes Company | Q1 2026 | +2.5 % | +129.3 % |
| Halliburton Company | Q2 2026 | +3.7 % | +11.3 % |
| Dover Corp | Q2 2026 | +6.9 % | -50.5 % |
| Expeditors International Of Washington Inc | Q2 2026 | +32.1 % | +45.3 % |
| PEERS TOTAL | +4.2 % | +36.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Matson Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Matson inc | Q2 2026 | - | +140.1 % |
| Slb Limited | Q2 2026 | +79.3 % | +29.0 % |
| Baker Hughes Company | Q1 2026 | +3.1 % | +12.0 % |
| Halliburton Company | Q2 2026 | - | -33.6 % |
| Dover Corp | Q2 2026 | +6.4 % | -21.6 % |
| Expeditors International Of Washington Inc | Q2 2026 | +37.8 % | -24.5 % |
Matson Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Matson inc | 10.01% | 14.03% | 16.94% |
| Slb Limited | 5.73% | 7.18% | 11.58% |
| Baker Hughes Company | 7.43% | 11.19% | 16.88% |
| Halliburton Company | 6.36% | 7.98% | 15.08% |
| Dover Corp | 15.99% | 19.97% | 28.56% |
| Expeditors International Of Washington Inc | 18.81% | 38.74% | 40.73% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Matson Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Matson inc | 15.10 | 1.96 |
| Slb Limited | 24.64 | 2.13 |
| Baker Hughes Company | 18.28 | 2.05 |
| Halliburton Company | 17.07 | 1.21 |
| Dover Corp | 23.10 | 3.08 |
| Expeditors International Of Washington Inc | 27.53 | 2.06 |
| PEERS AVERAGE | 21.62 | 1.74 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.