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Side-by-side financial comparison of Matson, Inc. (MATX) and Nomad Foods Ltd (NOMD). Click either name above to swap in a different company.

Matson, Inc. is the larger business by last-quarter revenue ($851.9M vs $834.9M, roughly 1.0× Nomad Foods Ltd). On growth, Nomad Foods Ltd posted the faster year-over-year revenue change (-2.6% vs -4.3%). Nomad Foods Ltd produced more free cash flow last quarter ($272.4M vs $42.2M).

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.

Nomad Foods is the largest frozen food company in Europe, whose popular brands include Birds Eye, Ledo, Iglo, Findus, and Frikom. The company manufactures, sells and distributes a range of frozen food products across 22 European markets, with its headquarters in the United Kingdom. The most popular products in Nomad Foods’ portfolio include fish fingers, creamed spinach, peas and chicken. Nomad Foods is listed on the New York Stock Exchange trading under the ticker “NOMD”.

MATX vs NOMD — Head-to-Head

Bigger by revenue
MATX
MATX
1.0× larger
MATX
$851.9M
$834.9M
NOMD
Growing faster (revenue YoY)
NOMD
NOMD
+1.8% gap
NOMD
-2.6%
-4.3%
MATX
More free cash flow
NOMD
NOMD
$230.2M more FCF
NOMD
$272.4M
$42.2M
MATX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MATX
MATX
NOMD
NOMD
Revenue
$851.9M
$834.9M
Net Profit
$143.1M
Gross Margin
25.6%
Operating Margin
16.9%
9.1%
Net Margin
16.8%
Revenue YoY
-4.3%
-2.6%
Net Profit YoY
11.8%
EPS (diluted)
$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
MATX
MATX
NOMD
NOMD
Q4 25
$851.9M
$834.9M
Q3 25
$880.1M
Q2 25
$830.5M
Q1 25
$782.0M
Q4 24
$890.3M
$856.9M
Q3 24
$962.0M
Q2 24
$847.4M
Q1 24
$722.1M
Net Profit
MATX
MATX
NOMD
NOMD
Q4 25
$143.1M
Q3 25
$134.7M
Q2 25
$94.7M
Q1 25
$72.3M
Q4 24
$128.0M
$55.5M
Q3 24
$199.1M
Q2 24
$113.2M
Q1 24
$36.1M
Gross Margin
MATX
MATX
NOMD
NOMD
Q4 25
25.6%
Q3 25
Q2 25
Q1 25
Q4 24
28.5%
Q3 24
Q2 24
Q1 24
Operating Margin
MATX
MATX
NOMD
NOMD
Q4 25
16.9%
9.1%
Q3 25
18.3%
Q2 25
13.6%
Q1 25
10.5%
Q4 24
16.6%
11.5%
Q3 24
25.2%
Q2 24
14.7%
Q1 24
5.1%
Net Margin
MATX
MATX
NOMD
NOMD
Q4 25
16.8%
Q3 25
15.3%
Q2 25
11.4%
Q1 25
9.2%
Q4 24
14.4%
6.5%
Q3 24
20.7%
Q2 24
13.4%
Q1 24
5.0%
EPS (diluted)
MATX
MATX
NOMD
NOMD
Q4 25
$4.47
Q3 25
$4.24
Q2 25
$2.92
Q1 25
$2.18
Q4 24
$3.69
Q3 24
$5.89
Q2 24
$3.31
Q1 24
$1.04

Balance Sheet & Financial Strength

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

Metric
MATX
MATX
NOMD
NOMD
Cash + ST InvestmentsLiquidity on hand
$141.9M
Total DebtLower is stronger
$361.2M
$2.5B
Stockholders' EquityBook value
$2.8B
$2.7B
Total Assets
$4.6B
$6.8B
Debt / EquityLower = less leverage
0.13×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATX
MATX
NOMD
NOMD
Q4 25
$141.9M
Q3 25
$92.7M
Q2 25
$59.1M
Q1 25
$122.0M
Q4 24
$266.8M
Q3 24
$270.3M
Q2 24
$168.2M
Q1 24
$25.9M
Total Debt
MATX
MATX
NOMD
NOMD
Q4 25
$361.2M
$2.5B
Q3 25
$370.9M
Q2 25
$341.3M
Q1 25
$351.1M
Q4 24
$361.2M
$2.4B
Q3 24
$370.9M
Q2 24
$381.0M
Q1 24
$390.8M
Stockholders' Equity
MATX
MATX
NOMD
NOMD
Q4 25
$2.8B
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.7B
$2.9B
Q3 24
$2.6B
Q2 24
$2.4B
Q1 24
$2.4B
Total Assets
MATX
MATX
NOMD
NOMD
Q4 25
$4.6B
$6.8B
Q3 25
$4.6B
Q2 25
$4.5B
Q1 25
$4.5B
Q4 24
$4.6B
$6.9B
Q3 24
$4.4B
Q2 24
$4.3B
Q1 24
$4.2B
Debt / Equity
MATX
MATX
NOMD
NOMD
Q4 25
0.13×
0.92×
Q3 25
0.14×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
0.14×
0.82×
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
MATX
MATX
NOMD
NOMD
Operating Cash FlowLast quarter
$176.9M
$357.2M
Free Cash FlowOCF − Capex
$42.2M
$272.4M
FCF MarginFCF / Revenue
5.0%
32.6%
Capex IntensityCapex / Revenue
15.8%
10.2%
Cash ConversionOCF / Net Profit
1.24×
TTM Free Cash FlowTrailing 4 quarters
$153.7M
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATX
MATX
NOMD
NOMD
Q4 25
$176.9M
$357.2M
Q3 25
$175.6M
Q2 25
$105.6M
Q1 25
$89.0M
Q4 24
$174.7M
$470.2M
Q3 24
$248.6M
Q2 24
$307.9M
Q1 24
$36.6M
Free Cash Flow
MATX
MATX
NOMD
NOMD
Q4 25
$42.2M
$272.4M
Q3 25
$92.4M
Q2 25
$19.3M
Q1 25
$-200.0K
Q4 24
$49.3M
$383.5M
Q3 24
$189.0M
Q2 24
$238.1M
Q1 24
$-18.7M
FCF Margin
MATX
MATX
NOMD
NOMD
Q4 25
5.0%
32.6%
Q3 25
10.5%
Q2 25
2.3%
Q1 25
-0.0%
Q4 24
5.5%
44.8%
Q3 24
19.6%
Q2 24
28.1%
Q1 24
-2.6%
Capex Intensity
MATX
MATX
NOMD
NOMD
Q4 25
15.8%
10.2%
Q3 25
9.5%
Q2 25
10.4%
Q1 25
11.4%
Q4 24
14.1%
10.1%
Q3 24
6.2%
Q2 24
8.2%
Q1 24
7.7%
Cash Conversion
MATX
MATX
NOMD
NOMD
Q4 25
1.24×
Q3 25
1.30×
Q2 25
1.12×
Q1 25
1.23×
Q4 24
1.36×
8.47×
Q3 24
1.25×
Q2 24
2.72×
Q1 24
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MATX
MATX

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

NOMD
NOMD

Segment breakdown not available.

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