Chart Industries (GTLS)
NYSE:GTLS
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Chart Industries
(NYSE:GTLS)
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Rating:47Neutral
Price Target:
$204.00
▼(-2.06% Downside)
Action:ReiteratedDate:02/28/26
The score is primarily held back by weakening recent financial performance (sharp profitability compression, reduced free cash flow, and still-elevated leverage) and an expensive valuation (P/E ~250). Technicals are moderately supportive with the stock holding above key moving averages and neutral-to-positive momentum, while the leadership update is a modest positive.
Positive Factors
Diversified end markets & backlog
A nearly $5.9B backlog and order strength across carbon capture, data centers, nuclear, marine and industrial gases indicate durable demand diversity. This breadth reduces single-market exposure and supports multi-quarter revenue visibility as backlog converts to revenue, aiding planning and capacity use.
Negative Factors
Profits compressed sharply
A collapse in net margin to roughly 1% signals persistent earnings vulnerability from cost, pricing, or integration pressures. Low net profitability reduces retained earnings, weakens return on capital, and makes the business more sensitive to cyclical downturns or execution missteps over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified end markets & backlog
A nearly $5.9B backlog and order strength across carbon capture, data centers, nuclear, marine and industrial gases indicate durable demand diversity. This breadth reduces single-market exposure and supports multi-quarter revenue visibility as backlog converts to revenue, aiding planning and capacity use.
Read all positive factors
Chart Industries (GTLS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.93B
Dividend YieldN/A
Average Volume (3M)528.34K
Price to Earnings (P/E)―
Beta (1Y)1.63
Revenue Growth2.49%
EPS Growth-93.92%
CountryUS
Employees11,928
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.43
Shares Outstanding47,865,593
10 Day Avg. Volume519,496
30 Day Avg. Volume528,341
Financial Highlights & Ratios
PEG Ratio-2.37
Price to Book (P/B)2.88
Price to Sales (P/S)2.18
P/FCF Ratio45.86
Enterprise Value/Market Cap1.34
Enterprise Value/Revenue3.12
Enterprise Value/Gross Profit9.58
Enterprise Value/Ebitda21.47
Forecast
1Y Price Target
$210.00Price Target Upside0.82% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)12.65
Revenue Forecast (FY)$4.50B
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, Serv...
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 co...
Chart Industries Earnings Call Summary
Earnings Call Date:May 01, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:Jul 24, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong performance with significant order growth, revenue, and margin improvements. The company showed resilience with robust demand trends across key segments, a strong backlog, and reiterated a positive outlook for 2025. However, challenges such as negative free cash flow and the potential impact of global tariffs were noted, alongside a decline in CTS orders. Overall, the sentiment remains positive due to the outweighing highlights.Positive Updates
Significant Order Growth
Orders increased by 17.3% compared to Q1 2024, reaching $1.32 billion, including Woodside Louisiana LNG Phase 2. Specialty Products orders increased by 24.6%, and Repair Service & Leasing (RSL) orders grew by 36.1%.
Negative Updates
Negative Free Cash Flow
Free cash flow was negative $80.1 million, although it represented an improvement of $55.6 million compared to Q1 2024.
Read all updates
Q1-2025 Updates
Positive
Negative
Significant Order Growth
Orders increased by 17.3% compared to Q1 2024, reaching $1.32 billion, including Woodside Louisiana LNG Phase 2. Specialty Products orders increased by 24.6%, and Repair Service & Leasing (RSL) orders grew by 36.1%.
Read all positive updates
Company Guidance
During the Chart Industries 2025 First Quarter Results Conference Call, the company provided extensive guidance on their financial performance and outlook. Orders increased by 17.3% to $1.32 billion compared to the first quarter of 2024, with sales organically growing by 6.6% to $1 billion. The gross margin remained robust at 33.9%, marking the fourth consecutive quarter above this threshold, while adjusted operating income margin expanded by 190 basis points due to cost synergies from the Howden integration. Adjusted EBITDA rose to $231.1 million, up by 80 basis points, and adjusted diluted earnings per share increased by 38.8% to $1.86. Despite negative free cash flow of $80.1 million typical for the first quarter, it showed an improvement of $55.6 million from the previous year. The net leverage ratio stood at 2.91, with a target of 2 to 2.5 by the end of 2025. The company reiterated its full-year guidance, anticipating sales between $4.65 billion and $4.85 billion and adjusted EBITDA between $1.175 billion and $1.225 billion. They also highlighted strong demand trends across various sectors, including LNG, space exploration, nuclear, and data centers, while maintaining a significant commercial pipeline valued at approximately $24 billion.Chart Industries Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
52
Neutral
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.26B | 4.16B | 3.35B | 1.61B | 1.32B |
| Gross Profit | 1.24B | 1.39B | 1.04B | 407.40M | 324.20M |
| EBITDA | 625.10M | 916.90M | 578.20M | 212.50M | 165.40M |
| Net Income | 42.30M | 218.50M | 47.30M | 24.00M | 59.10M |
Balance Sheet | |||||
| Total Assets | 9.81B | 9.12B | 9.10B | 5.90B | 3.04B |
| Cash, Cash Equivalents and Short-Term Investments | 366.00M | 308.60M | 188.30M | 663.60M | 122.20M |
| Total Debt | 3.74B | 3.74B | 3.90B | 2.32B | 883.90M |
| Total Liabilities | 6.43B | 6.13B | 6.16B | 3.22B | 1.42B |
| Stockholders Equity | 3.23B | 2.83B | 2.79B | 2.68B | 1.62B |
Cash Flow | |||||
| Free Cash Flow | 202.80M | 382.20M | 31.60M | 6.60M | -74.00M |
| Operating Cash Flow | 292.70M | 503.00M | 167.20M | 80.80M | -21.30M |
| Investing Cash Flow | -93.60M | -141.30M | -3.99B | -101.60M | -361.20M |
| Financing Cash Flow | -155.00M | -243.70M | 1.41B | 2.50B | 381.90M |
Chart Industries Technical Analysis
Positive
208.30
Price Trends
207.24
Positive
206.65
Positive
200.47
Positive
Market Momentum
0.27
Negative
62.14
Neutral
67.17
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 208.3 is above the 20-day moving average (MA) of 207.41, above the 50-day MA of 207.24, and above the 200-day MA of 200.47, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 62.14 is Neutral, neither overbought nor oversold. The STOCH value of 67.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GTLS.
Chart Industries Risk Analysis
Chart Industries disclosed 34 risk factors in its most recent earnings report. Chart Industries reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Chart Industries Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $9.91B | 23.86 | 18.38% | 0.70% | 14.22% | 25.22% | |
72 Outperform | $10.16B | 37.82 | 12.67% | ― | 17.39% | 20.78% | |
66 Neutral | $12.41B | 20.53 | 17.74% | 0.96% | 3.10% | 4.96% | |
65 Neutral | $14.27B | 48.42 | 4.23% | 0.97% | 1.54% | 22.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $9.09B | 28.68 | 15.93% | 1.17% | 0.83% | 26.77% | |
47 Neutral | $9.93B | ― | 1.26% | ― | 2.49% | -93.92% |
* Industrials Sector Average
GTLS
Chart Industries
207.47
32.37
18.49%
FLS
Flowserve
69.43
18.04
35.11%
PNR
Pentair
75.26
-22.21
-22.78%
RRX
Regal Rexnord
209.78
66.77
46.69%
SPXC
SPX
198.99
41.93
26.70%
WTS
Watts Water Technologies
299.95
58.38
24.17%
Chart Industries Corporate Events
Executive/Board Changes
Chart Industries Names Gerry Vinci as New President
Positive
Jan 9, 2026
Chart Industries’ board of directors has appointed Chief Human Resources Officer Gerry Vinci as president of the company, effective January 6, 2026, and decided not to name an interim chief executive officer. Vinci, 60, has led Chart’s...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Chart Industries Grants Executive Retention Bonuses Amid Merger
Neutral
Dec 29, 2025
On December 22 and December 29, 2025, Chart Industries, Inc. entered into retention letter agreements with three senior executives in connection with its planned merger with Baker Hughes Company. Vice President, General Counsel and Secretary Herbe...
Delistings and Listing Changes
Chart Industries to Convert Preferred Stock to Common
Neutral
Dec 11, 2025
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 shareh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.