diff --git a/source/blender/blenkernel/BKE_tracking.h b/source/blender/blenkernel/BKE_tracking.h
index f720050f59c..ebbba7de7c7 100644
--- a/source/blender/blenkernel/BKE_tracking.h
+++ b/source/blender/blenkernel/BKE_tracking.h
@@ -138,7 +138,7 @@ void BKE_tracking_detect_fast(struct MovieTracking *tracking, struct ListBase *t
 /* 2D stabilization */
 void BKE_tracking_stabilization_data(struct MovieTracking *tracking, int framenr, int width, int height, float loc[2], float *scale, float *angle);
 struct ImBuf *BKE_tracking_stabilize(struct MovieTracking *tracking, int framenr, struct ImBuf *ibuf, float loc[2], float *scale, float *angle);
-void BKE_tracking_stabdata_to_mat4(int width, int height, float loc[2], float scale, float angle, float mat[4][4]);
+void BKE_tracking_stabdata_to_mat4(int width, int height, float aspect, float loc[2], float scale, float angle, float mat[4][4]);
 
 /* Distortion/Undistortion */
 void BKE_tracking_apply_intrinsics(struct MovieTracking *tracking, float co[2], float nco[2]);
diff --git a/source/blender/blenkernel/intern/movieclip.c b/source/blender/blenkernel/intern/movieclip.c
index c93c03a4424..ce0d169557d 100644
--- a/source/blender/blenkernel/intern/movieclip.c
+++ b/source/blender/blenkernel/intern/movieclip.c
@@ -279,7 +279,7 @@ typedef struct MovieClipCache {
 		int framenr;
 		int postprocess_flag;
 
-		float loc[2], scale, angle;
+		float loc[2], scale, angle, aspect;
 		int proxy;
 		short render_flag;
 	} stabilized;
@@ -727,6 +727,10 @@ static ImBuf *get_stable_cached_frame(MovieClip *clip, MovieClipUser *user, int
 	if(cache->stabilized.postprocess_flag != postprocess_flag)
 		return NULL;
 
+	/* stabilization also depends on pixel aspect ratio */
+	if(cache->stabilized.aspect != clip->tracking.camera.pixel_aspect)
+		return NULL;
+
 	stableibuf = cache->stabilized.ibuf;
 
 	BKE_tracking_stabilization_data(&clip->tracking, framenr, stableibuf->x, stableibuf->y, tloc, &tscale, &tangle);
@@ -763,6 +767,7 @@ static ImBuf *put_stabilized_frame_to_cache(MovieClip *clip, MovieClipUser *user
 	cache->stabilized.scale = tscale;
 	cache->stabilized.angle = tangle;
 	cache->stabilized.framenr = framenr;
+	cache->stabilized.aspect = clip->tracking.camera.pixel_aspect;
 
 	if(clip->flag&MCLIP_USE_PROXY) {
 		cache->stabilized.proxy= rendersize_to_proxy(user, clip->flag);
diff --git a/source/blender/blenkernel/intern/tracking.c b/source/blender/blenkernel/intern/tracking.c
index c9e6ecf6394..04766910df6 100644
--- a/source/blender/blenkernel/intern/tracking.c
+++ b/source/blender/blenkernel/intern/tracking.c
@@ -2485,6 +2485,7 @@ static float stabilization_auto_scale_factor(MovieTracking *tracking, int width,
 {
 	float firstmedian[2];
 	MovieTrackingStabilization *stab= &tracking->stabilization;
+	float aspect= tracking->camera.pixel_aspect;
 
 	if(stab->ok)
 		return stab->scale;
@@ -2535,7 +2536,7 @@ static float stabilization_auto_scale_factor(MovieTracking *tracking, int width,
 				float mat[4][4];
 				float points[4][2]={{0.0f, 0.0f}, {0.0f, height}, {width, height}, {width, 0.0f}};
 
-				BKE_tracking_stabdata_to_mat4(width, height, loc, scale, angle, mat);
+				BKE_tracking_stabdata_to_mat4(width, height, aspect, loc, scale, angle, mat);
 
 				for(i= 0; i<4; i++) {
 					int j;
@@ -2650,6 +2651,7 @@ ImBuf *BKE_tracking_stabilize(MovieTracking *tracking, int framenr, ImBuf *ibuf,
 	MovieTrackingStabilization *stab= &tracking->stabilization;
 	ImBuf *tmpibuf;
 	float width= ibuf->x, height= ibuf->y;
+	float aspect= tracking->camera.pixel_aspect;
 
 	if(loc)		copy_v2_v2(tloc, loc);
 	if(scale)	tscale= *scale;
@@ -2688,7 +2690,7 @@ ImBuf *BKE_tracking_stabilize(MovieTracking *tracking, int framenr, ImBuf *ibuf,
 		float mat[4][4];
 		int i, j;
 
-		BKE_tracking_stabdata_to_mat4(ibuf->x, ibuf->y, tloc, tscale, tangle, mat);
+		BKE_tracking_stabdata_to_mat4(ibuf->x, ibuf->y, aspect, tloc, tscale, tangle, mat);
 		invert_m4(mat);
 
 		for(j=0; j<tmpibuf->y; j++) {
@@ -2715,15 +2717,20 @@ ImBuf *BKE_tracking_stabilize(MovieTracking *tracking, int framenr, ImBuf *ibuf,
 	return tmpibuf;
 }
 
-void BKE_tracking_stabdata_to_mat4(int width, int height, float loc[2], float scale, float angle, float mat[4][4])
+void BKE_tracking_stabdata_to_mat4(int width, int height, float aspect, float loc[2], float scale, float angle, float mat[4][4])
 {
-	float lmat[4][4], rmat[4][4], smat[4][4], cmat[4][4], icmat[4][4];
+	float lmat[4][4], rmat[4][4], smat[4][4], cmat[4][4], icmat[4][4], amat[4][4], iamat[4][4];
 	float svec[3]= {scale, scale, scale};
 
 	unit_m4(rmat);
 	unit_m4(lmat);
 	unit_m4(smat);
 	unit_m4(cmat);
+	unit_m4(amat);
+
+	/* aspect ratio correction matrix */
+	amat[0][0] = 1.0f / aspect;
+	invert_m4_m4(iamat, amat);
 
 	/* image center as rotation center */
 	cmat[3][0]= (float)width/2.0f;
@@ -2735,7 +2742,7 @@ void BKE_tracking_stabdata_to_mat4(int width, int height, float loc[2], float sc
 	rotate_m4(rmat, 'Z', angle);	/* rotation matrix */
 
 	/* compose transformation matrix */
-	mul_serie_m4(mat, lmat, cmat, rmat, smat, icmat, NULL, NULL, NULL);
+	mul_serie_m4(mat, amat, lmat, cmat, rmat, smat, icmat, iamat, NULL);
 }
 
 MovieDistortion *BKE_tracking_distortion_create(void)
diff --git a/source/blender/editors/space_clip/clip_draw.c b/source/blender/editors/space_clip/clip_draw.c
index 49fa7837de6..6dda09a1451 100644
--- a/source/blender/editors/space_clip/clip_draw.c
+++ b/source/blender/editors/space_clip/clip_draw.c
@@ -1269,13 +1269,14 @@ void clip_draw_main(SpaceClip *sc, ARegion *ar, Scene *scene)
 
 		if(ibuf) {
 			float loc[2];
+			float aspect= clip->tracking.camera.pixel_aspect;
 
 			if(width != ibuf->x)
 				mul_v2_v2fl(loc, sc->loc, (float)width / ibuf->x);
 			else
 				copy_v2_v2(loc, sc->loc);
 
-			BKE_tracking_stabdata_to_mat4(width, height, loc, sc->scale, sc->angle, sc->stabmat);
+			BKE_tracking_stabdata_to_mat4(width, height, aspect, loc, sc->scale, sc->angle, sc->stabmat);
 
 			unit_m4(smat);
 			smat[0][0]= 1.0f/width;