Matson Inc (MATX)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 599,400 | 525,500 | 412,900 | 374,100 | 373,000 | 386,700 | 580,600 | 966,700 | 1,352,300 | 1,726,800 | 1,767,300 | 1,486,800 | 1,171,300 | 813,200 | 533,700 | 368,300 | 259,000 | 164,700 | 118,100 | 99,300 |
| Revenue (ttm) | US$ in thousands | 3,421,800 | 3,320,400 | 3,185,900 | 3,111,900 | 3,094,600 | 3,107,300 | 3,394,600 | 3,882,300 | 4,343,000 | 4,808,400 | 4,765,200 | 4,379,000 | 3,925,300 | 3,358,400 | 2,932,000 | 2,581,200 | 2,383,300 | 2,223,900 | 2,150,800 | 2,184,600 |
| Pretax margin | 17.52% | 15.83% | 12.96% | 12.02% | 12.05% | 12.44% | 17.10% | 24.90% | 31.14% | 35.91% | 37.09% | 33.95% | 29.84% | 24.21% | 18.20% | 14.27% | 10.87% | 7.41% | 5.49% | 4.55% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $599,400K ÷ $3,421,800K
= 17.52%
The pretax margin of Matson Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 4.55% on March 31, 2020, and gradually increased, reaching its peak of 37.09% on June 30, 2022. This significant improvement indicates that Matson Inc effectively managed its expenses and generated higher profits before accounting for taxes during this period.
However, after June 30, 2022, the pretax margin showed a decline, reaching 12.05% on December 31, 2023. This downward trend continued for a while but picked up again, reaching 17.52% on December 31, 2024.
The fluctuations in the pretax margin could be attributed to various factors such as changes in operating expenses, revenue growth, cost management strategies, and economic conditions impacting the shipping industry. It is essential for investors and stakeholders to closely monitor these fluctuations to assess the financial health and efficiency of Matson Inc in generating profits relative to its operating costs before taxes.
Peer comparison
Dec 31, 2024