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Side-by-side financial comparison of Matson, Inc. (MATX) and Envista Holdings Corp (NVST). Click either name above to swap in a different company.

Matson, Inc. is the larger business by last-quarter revenue ($851.9M vs $750.6M, roughly 1.1× Envista Holdings Corp). Matson, Inc. runs the higher net margin — 16.8% vs 4.4%, a 12.4% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs -4.3%). Envista Holdings Corp produced more free cash flow last quarter ($91.7M vs $42.2M). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (9.7% CAGR vs 8.6%).

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.

Envista Forensics is a United States based company that provides forensic engineering and recovery solutions for the insurance, legal, and risk management industries in the United States and internationally. Originally LWG Consulting, Inc., The company rebranded itself as Envista Forensics in 2017.

MATX vs NVST — Head-to-Head

Bigger by revenue
MATX
MATX
1.1× larger
MATX
$851.9M
$750.6M
NVST
Growing faster (revenue YoY)
NVST
NVST
+19.3% gap
NVST
15.0%
-4.3%
MATX
Higher net margin
MATX
MATX
12.4% more per $
MATX
16.8%
4.4%
NVST
More free cash flow
NVST
NVST
$49.5M more FCF
NVST
$91.7M
$42.2M
MATX
Faster 2-yr revenue CAGR
NVST
NVST
Annualised
NVST
9.7%
8.6%
MATX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MATX
MATX
NVST
NVST
Revenue
$851.9M
$750.6M
Net Profit
$143.1M
$32.9M
Gross Margin
54.7%
Operating Margin
16.9%
9.8%
Net Margin
16.8%
4.4%
Revenue YoY
-4.3%
15.0%
Net Profit YoY
11.8%
2641.7%
EPS (diluted)
$4.47
$0.20

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
NVST
NVST
Q4 25
$851.9M
$750.6M
Q3 25
$880.1M
$669.9M
Q2 25
$830.5M
$682.1M
Q1 25
$782.0M
$616.9M
Q4 24
$890.3M
$652.9M
Q3 24
$962.0M
$601.0M
Q2 24
$847.4M
$633.1M
Q1 24
$722.1M
$623.6M
Net Profit
MATX
MATX
NVST
NVST
Q4 25
$143.1M
$32.9M
Q3 25
$134.7M
$-30.3M
Q2 25
$94.7M
$26.4M
Q1 25
$72.3M
$18.0M
Q4 24
$128.0M
$1.2M
Q3 24
$199.1M
$8.2M
Q2 24
$113.2M
$-1.2B
Q1 24
$36.1M
$23.6M
Gross Margin
MATX
MATX
NVST
NVST
Q4 25
54.7%
Q3 25
55.3%
Q2 25
54.2%
Q1 25
54.5%
Q4 24
57.1%
Q3 24
52.8%
Q2 24
51.6%
Q1 24
57.1%
Operating Margin
MATX
MATX
NVST
NVST
Q4 25
16.9%
9.8%
Q3 25
18.3%
8.6%
Q2 25
13.6%
6.8%
Q1 25
10.5%
6.3%
Q4 24
16.6%
7.1%
Q3 24
25.2%
3.5%
Q2 24
14.7%
-182.2%
Q1 24
5.1%
7.7%
Net Margin
MATX
MATX
NVST
NVST
Q4 25
16.8%
4.4%
Q3 25
15.3%
-4.5%
Q2 25
11.4%
3.9%
Q1 25
9.2%
2.9%
Q4 24
14.4%
0.2%
Q3 24
20.7%
1.4%
Q2 24
13.4%
-181.9%
Q1 24
5.0%
3.8%
EPS (diluted)
MATX
MATX
NVST
NVST
Q4 25
$4.47
$0.20
Q3 25
$4.24
$-0.18
Q2 25
$2.92
$0.16
Q1 25
$2.18
$0.10
Q4 24
$3.69
$0.00
Q3 24
$5.89
$0.05
Q2 24
$3.31
$-6.69
Q1 24
$1.04
$0.14

Balance Sheet & Financial Strength

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

Metric
MATX
MATX
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$141.9M
$1.2B
Total DebtLower is stronger
$361.2M
$1.4B
Stockholders' EquityBook value
$2.8B
$3.1B
Total Assets
$4.6B
$5.7B
Debt / EquityLower = less leverage
0.13×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATX
MATX
NVST
NVST
Q4 25
$141.9M
$1.2B
Q3 25
$92.7M
$1.1B
Q2 25
$59.1M
$1.1B
Q1 25
$122.0M
$1.1B
Q4 24
$266.8M
$1.1B
Q3 24
$270.3M
$991.3M
Q2 24
$168.2M
$1.0B
Q1 24
$25.9M
$948.5M
Total Debt
MATX
MATX
NVST
NVST
Q4 25
$361.2M
$1.4B
Q3 25
$370.9M
$1.4B
Q2 25
$341.3M
$1.4B
Q1 25
$351.1M
$1.4B
Q4 24
$361.2M
$1.4B
Q3 24
$370.9M
$1.4B
Q2 24
$381.0M
$1.5B
Q1 24
$390.8M
$1.5B
Stockholders' Equity
MATX
MATX
NVST
NVST
Q4 25
$2.8B
$3.1B
Q3 25
$2.7B
$3.1B
Q2 25
$2.6B
$3.1B
Q1 25
$2.6B
$3.0B
Q4 24
$2.7B
$2.9B
Q3 24
$2.6B
$3.1B
Q2 24
$2.4B
$3.0B
Q1 24
$2.4B
$4.1B
Total Assets
MATX
MATX
NVST
NVST
Q4 25
$4.6B
$5.7B
Q3 25
$4.6B
$5.6B
Q2 25
$4.5B
$5.7B
Q1 25
$4.5B
$5.5B
Q4 24
$4.6B
$5.4B
Q3 24
$4.4B
$5.5B
Q2 24
$4.3B
$5.4B
Q1 24
$4.2B
$6.6B
Debt / Equity
MATX
MATX
NVST
NVST
Q4 25
0.13×
0.47×
Q3 25
0.14×
0.47×
Q2 25
0.13×
0.46×
Q1 25
0.13×
0.47×
Q4 24
0.14×
0.48×
Q3 24
0.15×
0.46×
Q2 24
0.16×
0.51×
Q1 24
0.16×
0.36×

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
NVST
NVST
Operating Cash FlowLast quarter
$176.9M
$108.0M
Free Cash FlowOCF − Capex
$42.2M
$91.7M
FCF MarginFCF / Revenue
5.0%
12.2%
Capex IntensityCapex / Revenue
15.8%
2.2%
Cash ConversionOCF / Net Profit
1.24×
3.28×
TTM Free Cash FlowTrailing 4 quarters
$153.7M
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATX
MATX
NVST
NVST
Q4 25
$176.9M
$108.0M
Q3 25
$175.6M
$78.7M
Q2 25
$105.6M
$88.7M
Q1 25
$89.0M
$300.0K
Q4 24
$174.7M
$132.4M
Q3 24
$248.6M
$70.7M
Q2 24
$307.9M
$93.1M
Q1 24
$36.6M
$40.3M
Free Cash Flow
MATX
MATX
NVST
NVST
Q4 25
$42.2M
$91.7M
Q3 25
$92.4M
$67.9M
Q2 25
$19.3M
$76.4M
Q1 25
$-200.0K
$-5.6M
Q4 24
$49.3M
$123.8M
Q3 24
$189.0M
$63.3M
Q2 24
$238.1M
$86.3M
Q1 24
$-18.7M
$29.3M
FCF Margin
MATX
MATX
NVST
NVST
Q4 25
5.0%
12.2%
Q3 25
10.5%
10.1%
Q2 25
2.3%
11.2%
Q1 25
-0.0%
-0.9%
Q4 24
5.5%
19.0%
Q3 24
19.6%
10.5%
Q2 24
28.1%
13.6%
Q1 24
-2.6%
4.7%
Capex Intensity
MATX
MATX
NVST
NVST
Q4 25
15.8%
2.2%
Q3 25
9.5%
1.6%
Q2 25
10.4%
1.8%
Q1 25
11.4%
1.0%
Q4 24
14.1%
1.3%
Q3 24
6.2%
1.2%
Q2 24
8.2%
1.1%
Q1 24
7.7%
1.8%
Cash Conversion
MATX
MATX
NVST
NVST
Q4 25
1.24×
3.28×
Q3 25
1.30×
Q2 25
1.12×
3.36×
Q1 25
1.23×
0.02×
Q4 24
1.36×
110.33×
Q3 24
1.25×
8.62×
Q2 24
2.72×
Q1 24
1.01×
1.71×

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%

NVST
NVST

Other$375.8M50%
Specialty Productsand Technologies$188.4M25%
Equipmentand Consumables$186.4M25%

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