Chart Industries (GTLS) AI Stock Analysis

• Market Cap: $8.89B
• Dividend Yield: N/A
• Average Volume (3M): 3.70M
• Price to Earnings (P/E): 36.8
• Beta (1Y): 2.16
• Revenue Growth: 8.94%
• EPS Growth: 137.02%
• Country: US
• Employees: 11,928
• Sector: Industrials
• Sector Strength: 76
• Industry: Industrial - Machinery
• EPS (TTM): 2.59
• Shares Outstanding: 44,945,408
• 10 Day Avg. Volume: 3,477,248
• 30 Day Avg. Volume: 3,697,503
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.24
• Enterprise Value/Revenue: 2.59
• Enterprise Value/Gross Profit: 7.67
• Enterprise Value/Ebitda: 12.07
• 1Y Price Target: $202.75
• Price Target Upside: 2.61% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 16

• Rating: 72 Outperform
• Price Target: $221.00 ▲(11.84% Upside)

The overall stock score of 72 reflects a strong financial performance and positive corporate events, such as the merger with Flowserve. However, technical indicators suggest potential overbought conditions, and the valuation appears stretched with a high P/E ratio and no dividend yield. The earnings call highlighted strong growth but also noted challenges, such as negative free cash flow and tariff impacts.

Positive Factors

Acquisition

Chart is being acquired by Baker Hughes for $210 per share in cash, which is above the prior proposed merger with Flowserve.

Earnings

Q2 results were largely ahead of expectations, with EPS, cash flow and new orders above expectations.

Revenue and Growth

Baker Hughes is considered a strong strategic fit with Chart, expected to have a combined revenue of $32 billion.

Negative Factors

Operational Performance

The company’s inconsistent operational performance, above-average balance sheet leverage, and lack of cash return justify a Neutral rating.

Stock Rating

Baker Hughes has announced a full-takeover agreement of Chart Industries, which leads analysts to no longer see upside in GTLS shares.

Uncertainty

The forward estimates for Chart Industries have been moved to Under Review due to the ongoing transaction, reflecting uncertainty.

Chart Industries Business Overview & Revenue Model

Company Description

Chart Industries, Inc. (GTLS) is a leading global manufacturer of highly engineered equipment that is used in the production, storage, and end-use of gases, particularly in the industrial gas, liquefied natural gas (LNG), and biogas sectors. The company operates through two primary segments: Energy & Chemicals and Distribution & Storage. Its core products include cryogenic tanks, heat exchangers, and equipment for gas processing and storage, catering to a diverse range of customers including industrial gas producers, energy companies, and various industries requiring specialized gas handling solutions.

How the Company Makes Money

Chart Industries generates revenue through the sale of its specialized equipment and services related to gas handling and storage. Key revenue streams include the manufacturing and sale of cryogenic storage tanks, LNG equipment, and related technologies. The company also earns income from service contracts, maintenance, and repair services for its equipment. Significant partnerships with major energy companies and industrial gas suppliers enhance its market presence and contribute to steady revenue growth. Additionally, the increasing global demand for clean energy solutions and the expansion of the LNG market provide favorable conditions for Chart's financial performance.

Chart Industries Financial Statement Overview

Summary

Chart Industries exhibits solid financial health with consistent revenue and profit growth, backed by strong operational performance and cash generation. The company's balance sheet is stable, though it could benefit from optimizing its debt levels. Overall, the financial statements reflect a positive outlook with opportunities for strategic improvements in capital management.

Income Statement

Chart Industries has demonstrated strong revenue growth with a substantial increase over the years, particularly notable in the TTM period. The gross profit margin is healthy, reflecting efficient cost management. Net profit margin has improved significantly, indicating enhanced profitability, while EBIT and EBITDA margins suggest robust operational performance. Overall, the income statement portrays a positive growth trajectory and profitability enhancement.

Balance Sheet

The company's equity has steadily increased, while the debt-to-equity ratio remains moderate, suggesting a balanced capital structure. Return on equity has shown improvement, indicating effective use of shareholder's equity. The equity ratio indicates a stable asset base, though the increase in total liabilities warrants attention. Overall, the balance sheet reflects financial stability with room for optimization in debt management.

Cash Flow

Cash flow from operations has increased over the years, highlighting strong cash generation capabilities. Free cash flow has also grown, enhancing financial flexibility. The operating cash flow to net income ratio and free cash flow to net income ratio suggest efficient cash utilization. However, the volatility in investing and financing cash flows indicates potential fluctuations in capital expenditures and financing activities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.25B	4.16B	3.35B	1.61B	1.32B	1.18B
Gross Profit	1.44B	1.39B	1.04B	407.40M	324.20M	332.10M
EBITDA	913.50M	928.10M	578.20M	212.50M	173.70M	192.40M
Net Income	274.20M	218.50M	47.30M	83.00M	59.10M	82.30M
Balance Sheet
Total Assets	9.72B	9.12B	9.10B	5.90B	3.04B	2.59B
Cash, Cash Equivalents and Short-Term Investments	342.30M	308.60M	201.10M	663.60M	122.20M	125.10M
Total Debt	3.67B	3.64B	3.90B	2.30B	600.80M	221.60M
Total Liabilities	6.21B	6.13B	6.16B	3.22B	1.42B	995.20M
Stockholders Equity	3.35B	2.83B	2.79B	2.68B	1.63B	1.59B
Cash Flow
Free Cash Flow	479.30M	382.20M	31.60M	6.60M	-74.00M	134.80M
Operating Cash Flow	569.90M	503.00M	167.20M	80.80M	-21.30M	172.70M
Investing Cash Flow	-90.70M	-141.30M	-3.99B	-101.60M	-361.20M	185.00M
Financing Cash Flow	-388.30M	-243.70M	1.41B	2.50B	381.90M	-363.40M

Chart Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 197.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTLS, the sentiment is Positive. The current price of 197.6 is above the 20-day moving average (MA) of 195.95, above the 50-day MA of 174.72, and above the 200-day MA of 171.85, indicating a bullish trend. The MACD of 6.66 indicates Positive momentum. The RSI at 70.10 is Negative, neither overbought nor oversold. The STOCH value of 41.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GTLS.

Chart Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WTS	79 Outperform	$9.28B	29.92	17.75%	0.65%	2.96%	12.62%
SPXC	78 Outperform	$8.71B	42.57	15.02%	―	8.90%	29.18%
GNRC	77 Outperform	$11.68B	31.50	14.59%	―	9.69%	54.29%
FLS	74 Outperform	$6.90B	23.94	13.91%	1.57%	3.15%	14.18%
GTLS	72 Outperform	$8.89B	36.75	9.09%	―	8.94%	137.02%
RRX	67 Neutral	$9.54B	38.21	3.84%	0.91%	-7.88%	―
Sector *	64 Neutral	$10.71B	16.03	7.42%	2.02%	2.57%	-16.39%

Chart Industries Corporate Events

Chart Industries Merges with Baker Hughes

On July 28, 2025, Chart Industries entered into a merger agreement with Baker Hughes, where Chart will become a wholly owned subsidiary of Baker Hughes. This decision follows the termination of a previous merger agreement with Flowserve Corporation, with Baker Hughes covering most of the termination payment to Flowserve. The merger, unanimously approved by Chart’s board, involves a cash consideration of $210 per Chart share and includes specific provisions for equity awards and termination conditions. The merger is subject to regulatory approvals and stockholder consent, with implications for Chart’s strategic positioning in the energy and industrial gas solutions market.

Chart Industries and Flowserve Announce Merger Agreement

On June 3, 2025, Chart Industries and Flowserve Corporation announced a merger agreement to combine in an all-stock merger of equals, creating a leader in industrial process technologies. The merger, unanimously approved by both companies’ boards, will establish a company with an enterprise value of approximately $19 billion, headquartered in Dallas, Texas. The combined company aims to generate $300 million in annual cost synergies within three years and expects to be accretive to adjusted EPS in the first year. The merger will enhance the companies’ capabilities across various industrial sectors and expand their aftermarket services, with the transaction expected to close in the fourth quarter of 2025, subject to shareholder and regulatory approvals.

Chart Industries Holds Annual Stockholders Meeting

On May 20, 2025, Chart Industries, Inc. held its annual meeting of stockholders where several key decisions were made. The stockholders elected eight directors for a one-year term, ratified Deloitte & Touche LLP as the independent registered public accounting firm for 2025, and approved the executive compensation on an advisory basis. These approvals reflect the stockholders’ support for the company’s leadership and financial oversight, potentially strengthening its governance and operational strategies.