Matson vs ZIM Integrated Shipping
ZIM Integrated Shipping reported revenue of $6.9 billion in fiscal 2025, 2.1 times Matson's $3.3 billion in fiscal 2025. Matson's revenue fell 2.3% in its latest year, and ZIM Integrated Shipping's fell 18.1%. Matson had an operating margin of 14.9%, against 14.7% at ZIM Integrated Shipping. Free cash flow was $154 million at Matson and $2.1 billion at ZIM Integrated Shipping.
Side by side
| Matson | ZIM Integrated Shipping | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.3B | $6.9B |
| Revenue growth | −2.3% | −18.1% |
| Revenue growth a year, last 5 years | 7.0% | 11.6% |
| Gross margin | — | 19.1% |
| Operating margin | 14.9% | 14.7% |
| Net margin | 13.3% | 6.9% |
| Free cash flow | $154M | $2.1B |
| Free cash flow margin | 4.6% | 30.1% |
| Return on capital | 14.2% | 24.9% |
| Net debt to EBITDA | 0.4x | −0.4x |
| Dividends and buybacks | $348M | $516M |
| Change in diluted share count | −5.8% | 0.0% |
| Last close | $228.85 | $29.54 |
| P/E at the last close | 15.4× | — |
| Insider trades, last 12 months | sold $24.0 million | sold $10.7 million |
| Piotroski F-score | 5 of 8 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
MatsonZIM Integrated Shipping
Operating margin
Percent of revenue
MatsonZIM Integrated Shipping
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MatsonZIM Integrated Shipping
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Matson and ZIM Integrated Shipping pages.