Chart Industries (GTLS) AI Stock Analysis

• Market Cap: $9.84B
• Dividend Yield: N/A
• Average Volume (3M): 600.37K
• Price to Earnings (P/E): 248.5
• Beta (1Y): 1.86
• Revenue Growth: 5.47%
• EPS Growth: -75.40%
• Country: US
• Employees: 11,928
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 2.78
• Shares Outstanding: 47,791,380
• 10 Day Avg. Volume: 687,531
• 30 Day Avg. Volume: 600,372
• PEG Ratio: 0.04
• Price to Book (P/B): 2.84
• Price to Sales (P/S): 1.93
• P/FCF Ratio: 21.05
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 2.92
• Enterprise Value/Gross Profit: 8.63
• Enterprise Value/Ebitda: 18.21
• 1Y Price Target: $210.67
• Price Target Upside: 2.28% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $214.00 ▲(3.90% Upside)

Chart Industries' overall stock score reflects strong revenue growth and strategic positioning through the Baker Hughes acquisition. However, high valuation metrics, overbought technical indicators, and legal challenges related to the merger weigh on the score. Addressing profitability and cash flow issues remains crucial for future stability.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Chart's products and services, reinforcing its market position and potential for future expansion.

Strategic Acquisition

The merger with Baker Hughes positions Chart Industries to enhance its presence in the clean energy sector, potentially driving long-term growth and competitive advantage.

Product Diversification

Diversification into high-growth sectors like carbon capture and data centers supports long-term resilience and aligns with sustainable industry trends.

Negative Factors

Profitability Challenges

Declining net profit margins suggest pressure on profitability, which could hinder reinvestment and growth if not addressed.

Cash Flow Issues

Reduced free cash flow indicates challenges in cash generation, potentially impacting the company's ability to fund operations and strategic initiatives.

Leadership Transition

Leadership changes can create uncertainty and disrupt strategic continuity, especially during critical phases like mergers and industry shifts.

Chart Industries Business Overview & Revenue Model

Company Description

Chart Industries, Inc. manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants. The company also offers process technology, liquefaction train, and critical equipment for the LNG, including small to mid-scale facilities, floating LNG applications, and large base-load export facilities; brazed aluminum, Core-in-Kettle, heat exchangers, cold boxes, air cooled heat exchangers, pressure vessels, and pipe works; and air cooled heat exchangers and axial cooling fans for the power, heating, ventilation, air conditioning, and refining applications. In addition, it provides highly engineered equipment that is used in specialty end-market applications for hydrogen, LNG, biogas, CO2 Capture, food and beverage, aerospace, lasers, cannabis, and water treatment; and cryogenic components, including vacuum insulated pipes, specialty liquid nitrogen, end-use equipment, and cryogenic flow meters. Additionally, it provides extended warranties, plant start-up, parts, 24/7 support, monitoring and process optimization, repairing, maintenance, and upgrading services; plant services on equipment, including brazed aluminum heat exchangers, cold boxes, etc.; and service locations that undertake installation, service, repair, maintenance, and refurbishment of cryogenic products, as well as equipment leasing solutions. The company was founded in 1859 and is based in Ball Ground, Georgia.

How the Company Makes Money

Chart Industries generates revenue through the sale of its specialized equipment and services related to industrial gases and energy solutions. Key revenue streams include the sale of cryogenic storage tanks, gas processing systems, and related components, as well as aftermarket services such as installation and maintenance. The company also benefits from long-term contracts and partnerships with major players in various industries, which provide a steady stream of income. Additionally, Chart's focus on innovative technologies and sustainable practices positions it to capitalize on the growing demand for clean energy solutions, thus enhancing its earnings potential.

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	4.29B	4.16B	3.35B	1.61B	1.32B	1.18B
Gross Profit	1.45B	1.39B	1.04B	407.40M	324.20M	332.10M
EBITDA	687.50M	916.90M	578.20M	212.50M	165.40M	188.10M
Net Income	66.70M	218.50M	47.30M	24.00M	59.10M	308.10M
Balance Sheet
Total Assets	9.79B	9.12B	9.10B	5.90B	3.04B	2.57B
Cash, Cash Equivalents and Short-Term Investments	399.20M	308.60M	188.30M	663.60M	122.20M	125.10M
Total Debt	3.65B	3.74B	3.90B	2.32B	883.90M	471.20M
Total Liabilities	6.42B	6.13B	6.16B	3.22B	1.42B	991.20M
Stockholders Equity	3.20B	2.83B	2.79B	2.68B	1.62B	1.57B
Cash Flow
Free Cash Flow	397.50M	382.20M	31.60M	6.60M	-74.00M	134.80M
Operating Cash Flow	485.30M	503.00M	167.20M	80.80M	-21.30M	172.70M
Investing Cash Flow	-90.50M	-141.30M	-3.99B	-101.60M	-361.20M	185.00M
Financing Cash Flow	-304.40M	-243.70M	1.41B	2.50B	381.90M	-363.40M

Chart Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 205.97
• 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 205.97 is above the 20-day moving average (MA) of 205.05, above the 50-day MA of 202.61, and above the 200-day MA of 177.11, indicating a bullish trend. The MACD of 0.91 indicates Positive momentum. The RSI at 77.78 is Negative, neither overbought nor oversold. The STOCH value of 52.19 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
FLS	79 Outperform	$9.11B	20.73	20.97%	1.17%	3.19%	69.89%
SPXC	77 Outperform	$10.32B	43.83	12.76%	―	12.60%	24.02%
WTS	77 Outperform	$9.45B	29.44	17.81%	0.70%	4.18%	16.05%
PNR	75 Outperform	$17.23B	26.76	17.97%	0.96%	0.83%	-1.32%
RRX	69 Neutral	$9.51B	37.27	3.89%	0.98%	-4.99%	22.16%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GTLS	58 Neutral	$9.84B	248.46	2.25%	―	5.47%	-75.40%

Chart Industries Corporate Events

Chart Industries to Convert Preferred Stock to Common

On December 15, 2025, Chart Industries, Inc. will automatically convert its outstanding depositary shares, linked to its 6.75% Series B Mandatory Convertible Preferred Stock, into common stock. This conversion will occur without action from shareholders, with each depositary share converting into 0.3526 shares of common stock, and any fractional shares settled in cash. Trading of these depositary shares on the NYSE will be suspended and the shares are expected to be delisted, impacting the company’s stock structure and market presence.

Chart Industries CEO Jillian Evanko Resigns

On November 17, 2025, Chart Industries announced the resignation of CEO Jillian Evanko, effective January 6, 2026, as she pursues other opportunities. Evanko will transition to a Senior Advisor role to assist with the merger with Baker Hughes, which is expected to complete by mid-2026. Under her leadership, Chart experienced significant growth and expanded into high-growth sectors like carbon capture and data centers. The Board plans to appoint an interim CEO from within the organization to ensure a smooth transition.

Chart Industries Merger with Baker Hughes Advances

On July 28, 2025, Chart Industries, Inc. announced a merger agreement with Baker Hughes, where Baker Hughes will acquire Chart Industries through a merger, making Chart an indirect wholly owned subsidiary. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired on November 6, 2025, and both parties anticipate completing the merger by mid-2026, pending customary conditions and regulatory approvals.

Chart Industries Shareholders Approve Baker Hughes Acquisition

On October 6, 2025, Chart Industries held a special meeting where stockholders approved the company’s acquisition by Baker Hughes. The merger agreement, which was initially signed on July 28, 2025, entails Chart becoming a wholly owned subsidiary of Baker Hughes, with shareholders receiving $210 per share in cash. This acquisition is expected to be completed by mid-2026, pending regulatory approvals, and signifies a significant step in Chart’s strategic positioning within the clean energy sector.

Chart Industries Faces Legal Challenges Over Merger

On July 28, 2025, Chart Industries entered into a merger agreement with Baker Hughes, which will see Chart become a wholly owned subsidiary of Baker Hughes. However, Chart has faced legal challenges from stockholders claiming the merger’s proxy statement is misleading, leading to lawsuits seeking additional disclosures. Despite these challenges, Chart’s board believes the allegations are without merit and is voluntarily providing supplemental disclosures to avoid delays in the merger process.