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Side-by-side financial comparison of COLUMBIA BANKING SYSTEM, INC. (COLB) and Matson, Inc. (MATX). Click either name above to swap in a different company.

Matson, Inc. is the larger business by last-quarter revenue ($851.9M vs $716.7M, roughly 1.2× COLUMBIA BANKING SYSTEM, INC.). COLUMBIA BANKING SYSTEM, INC. runs the higher net margin — 30.0% vs 16.8%, a 13.2% gap on every dollar of revenue. On growth, COLUMBIA BANKING SYSTEM, INC. posted the faster year-over-year revenue change (47.1% vs -4.3%). Over the past eight quarters, COLUMBIA BANKING SYSTEM, INC.'s revenue compounded faster (23.0% CAGR vs 8.6%).

Umpqua Holdings Corporation, d.b.a. Umpqua Bank, was a financial holding company based in downtown Portland, Oregon, United States. Headquarters were in the Umpqua Bank Plaza, formerly the headquarters of Benj. Franklin Savings and Loan. The firm had two principal operating subsidiaries: Umpqua Bank and Umpqua Investments.

Matson, Inc., is an American shipping and navigation services company headquartered in Honolulu, Hawaii. Founded in 1882, Matson, Inc.'s subsidiary Matson Navigation Company provides ocean shipping services across the Pacific to Hawaii, Alaska, Guam, Micronesia, the Pacific islands, China, and Japan.

COLB vs MATX — Head-to-Head

Bigger by revenue
MATX
MATX
1.2× larger
MATX
$851.9M
$716.7M
COLB
Growing faster (revenue YoY)
COLB
COLB
+51.4% gap
COLB
47.1%
-4.3%
MATX
Higher net margin
COLB
COLB
13.2% more per $
COLB
30.0%
16.8%
MATX
Faster 2-yr revenue CAGR
COLB
COLB
Annualised
COLB
23.0%
8.6%
MATX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLB
COLB
MATX
MATX
Revenue
$716.7M
$851.9M
Net Profit
$215.0M
$143.1M
Gross Margin
Operating Margin
16.9%
Net Margin
30.0%
16.8%
Revenue YoY
47.1%
-4.3%
Net Profit YoY
50.3%
11.8%
EPS (diluted)
$0.76
$4.47

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COLB
COLB
MATX
MATX
Q4 25
$716.7M
$851.9M
Q3 25
$582.0M
$880.1M
Q2 25
$510.9M
$830.5M
Q1 25
$491.4M
$782.0M
Q4 24
$487.1M
$890.3M
Q3 24
$496.0M
$962.0M
Q2 24
$472.2M
$847.4M
Q1 24
$473.7M
$722.1M
Net Profit
COLB
COLB
MATX
MATX
Q4 25
$215.0M
$143.1M
Q3 25
$96.0M
$134.7M
Q2 25
$152.0M
$94.7M
Q1 25
$87.0M
$72.3M
Q4 24
$143.0M
$128.0M
Q3 24
$146.0M
$199.1M
Q2 24
$121.0M
$113.2M
Q1 24
$124.0M
$36.1M
Operating Margin
COLB
COLB
MATX
MATX
Q4 25
16.9%
Q3 25
18.3%
Q2 25
13.6%
Q1 25
10.5%
Q4 24
16.6%
Q3 24
25.2%
Q2 24
14.7%
Q1 24
5.1%
Net Margin
COLB
COLB
MATX
MATX
Q4 25
30.0%
16.8%
Q3 25
16.5%
15.3%
Q2 25
29.8%
11.4%
Q1 25
17.7%
9.2%
Q4 24
29.4%
14.4%
Q3 24
29.4%
20.7%
Q2 24
25.6%
13.4%
Q1 24
26.2%
5.0%
EPS (diluted)
COLB
COLB
MATX
MATX
Q4 25
$0.76
$4.47
Q3 25
$0.40
$4.24
Q2 25
$0.73
$2.92
Q1 25
$0.41
$2.18
Q4 24
$0.69
$3.69
Q3 24
$0.70
$5.89
Q2 24
$0.57
$3.31
Q1 24
$0.59
$1.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COLB
COLB
MATX
MATX
Cash + ST InvestmentsLiquidity on hand
$2.4B
$141.9M
Total DebtLower is stronger
$361.2M
Stockholders' EquityBook value
$7.8B
$2.8B
Total Assets
$66.8B
$4.6B
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLB
COLB
MATX
MATX
Q4 25
$2.4B
$141.9M
Q3 25
$2.3B
$92.7M
Q2 25
$1.9B
$59.1M
Q1 25
$2.1B
$122.0M
Q4 24
$1.9B
$266.8M
Q3 24
$2.1B
$270.3M
Q2 24
$2.1B
$168.2M
Q1 24
$2.2B
$25.9M
Total Debt
COLB
COLB
MATX
MATX
Q4 25
$361.2M
Q3 25
$370.9M
Q2 25
$341.3M
Q1 25
$351.1M
Q4 24
$361.2M
Q3 24
$370.9M
Q2 24
$381.0M
Q1 24
$390.8M
Stockholders' Equity
COLB
COLB
MATX
MATX
Q4 25
$7.8B
$2.8B
Q3 25
$7.8B
$2.7B
Q2 25
$5.3B
$2.6B
Q1 25
$5.2B
$2.6B
Q4 24
$5.1B
$2.7B
Q3 24
$5.3B
$2.6B
Q2 24
$5.0B
$2.4B
Q1 24
$5.0B
$2.4B
Total Assets
COLB
COLB
MATX
MATX
Q4 25
$66.8B
$4.6B
Q3 25
$67.5B
$4.6B
Q2 25
$51.9B
$4.5B
Q1 25
$51.5B
$4.5B
Q4 24
$51.6B
$4.6B
Q3 24
$51.9B
$4.4B
Q2 24
$52.0B
$4.3B
Q1 24
$52.2B
$4.2B
Debt / Equity
COLB
COLB
MATX
MATX
Q4 25
0.13×
Q3 25
0.14×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
0.14×
Q3 24
0.15×
Q2 24
0.16×
Q1 24
0.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COLB
COLB
MATX
MATX
Operating Cash FlowLast quarter
$746.0M
$176.9M
Free Cash FlowOCF − Capex
$42.2M
FCF MarginFCF / Revenue
5.0%
Capex IntensityCapex / Revenue
15.8%
Cash ConversionOCF / Net Profit
3.47×
1.24×
TTM Free Cash FlowTrailing 4 quarters
$153.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLB
COLB
MATX
MATX
Q4 25
$746.0M
$176.9M
Q3 25
$236.2M
$175.6M
Q2 25
$106.8M
$105.6M
Q1 25
$122.0M
$89.0M
Q4 24
$659.0M
$174.7M
Q3 24
$67.2M
$248.6M
Q2 24
$150.3M
$307.9M
Q1 24
$185.5M
$36.6M
Free Cash Flow
COLB
COLB
MATX
MATX
Q4 25
$42.2M
Q3 25
$92.4M
Q2 25
$19.3M
Q1 25
$-200.0K
Q4 24
$49.3M
Q3 24
$189.0M
Q2 24
$238.1M
Q1 24
$-18.7M
FCF Margin
COLB
COLB
MATX
MATX
Q4 25
5.0%
Q3 25
10.5%
Q2 25
2.3%
Q1 25
-0.0%
Q4 24
5.5%
Q3 24
19.6%
Q2 24
28.1%
Q1 24
-2.6%
Capex Intensity
COLB
COLB
MATX
MATX
Q4 25
15.8%
Q3 25
9.5%
Q2 25
10.4%
Q1 25
11.4%
Q4 24
14.1%
Q3 24
6.2%
Q2 24
8.2%
Q1 24
7.7%
Cash Conversion
COLB
COLB
MATX
MATX
Q4 25
3.47×
1.24×
Q3 25
2.46×
1.30×
Q2 25
0.70×
1.12×
Q1 25
1.40×
1.23×
Q4 24
4.61×
1.36×
Q3 24
0.46×
1.25×
Q2 24
1.24×
2.72×
Q1 24
1.50×
1.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COLB
COLB

Segment breakdown not available.

MATX
MATX

Ocean Transportation Segment$704.2M83%
Logistics Services Segment$147.7M17%

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