Chart Industries (GTLS) AI Stock Analysis

• Market Cap: $9.91B
• Dividend Yield: N/A
• Average Volume (3M): 528.34K
• Price to Earnings (P/E): 250.1
• Beta (1Y): 1.90
• Revenue Growth: 5.47%
• EPS Growth: -75.40%
• Country: US
• Employees: 11,928
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 2.51
• Shares Outstanding: 47,791,380
• 10 Day Avg. Volume: 519,496
• 30 Day Avg. Volume: 528,341
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 2.95
• Enterprise Value/Gross Profit: 8.74
• Enterprise Value/Ebitda: 22.83
• 1Y Price Target: $211.00
• Price Target Upside: 1.78% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3
• EPS Forecast (FY): 13.27
• Revenue Forecast (FY): $4.85B

• Rating: 47 Neutral
• Price Target: $204.00 ▼(-1.59% Downside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 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.

Margin resilience (gross)

Stable gross margins near the low-to-mid 30% range point to structural pricing power or cost control in core engineered equipment. Even with volatile net margins, steady gross margin suggests underlying product economics remain intact, supporting recovery in profitability as overheads normalize.

Strategic acquisition approved

Shareholder-approved acquisition by a large energy equipment firm represents a structural change that can unlock scale, distribution, and R&D resources. Integration with Baker Hughes could strengthen sales channels, reduce cost of capital, and accelerate deployment of Chart’s technologies across energy markets.

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.

Elevated leverage

Leverage above parity limits financial flexibility and raises fixed interest obligations. With debt still above equity, the company has less cushion versus operating volatility; this heightens refinancing and covenant risk and constrains discretionary investment until margins and cash flow stabilize.

Inconsistent cash generation

Sharp FCF deterioration and historical variability undermine the firm's ability to self-fund capex, service debt, and absorb integration costs. Unstable cash generation increases dependence on external financing and elevates execution risk during multi-quarter recovery or merger-related transitions.

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

Financials show meaningful multi-year scaling, but the latest year saw a sharp revenue decline and a steep profitability drop (net margin compressed to ~1.0% from ~5.3%). Leverage remains elevated (debt still above equity) and free cash flow fell sharply in 2025, making results more sensitive to margin pressure and execution risk.

Income Statement

Revenue scaled meaningfully from 2020 to 2024, but momentum weakened in the latest annual period with a sharp revenue decline (2025) and a steep drop in profitability. Gross margin stayed relatively steady around the low-to-mid 30% range recently, but net margin compressed heavily (from ~5.3% in 2024 to ~1.0% in 2025), indicating costs, pricing, or integration/expense pressure. Overall, the business shows an ability to grow, but earnings quality and year-to-year stability are inconsistent.

Balance Sheet

The balance sheet is moderately leveraged for an industrial name, with debt running above equity recently (debt-to-equity around ~1.10 in 2025 vs ~1.32 in 2024), showing some improvement but still elevated. Equity has grown since 2020, supporting a larger asset base, yet returns on equity remain low in the most recent year (~1.3% in 2025), reflecting weak profitability relative to the capital structure. The company has scale and an improving leverage trend, but the debt load leaves less room for error if earnings remain pressured.

Cash Flow

Cash generation is positive in recent years, with operating cash flow and free cash flow solidly positive in 2024–2025, but free cash flow fell sharply in 2025 (large negative growth). Cash conversion versus earnings is mixed: free cash flow is below net income in 2024–2025, and operating cash flow covers only a modest portion of debt (coverage in the mid-teens to high-20%s over 2020–2025). Earlier volatility (negative operating and free cash flow in 2021) highlights variability, so cash flow supports operations but doesn’t yet look consistently strong relative to leverage.

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	1.44B	1.39B	1.04B	407.40M	324.20M
EBITDA	358.40M	916.90M	578.20M	212.50M	165.40M
Net Income	40.70M	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	3.56B	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	204.80M	382.20M	31.60M	6.60M	-74.00M
Operating Cash Flow	294.70M	503.00M	167.20M	80.80M	-21.30M
Investing Cash Flow	-93.60M	-141.30M	-3.99B	-101.60M	-361.20M
Financing Cash Flow	0.00	-243.70M	1.41B	2.50B	381.90M

Chart Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 207.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

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 207.3 is above the 20-day moving average (MA) of 207.23, above the 50-day MA of 206.82, and above the 200-day MA of 191.65, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 56.69 is Neutral, neither overbought nor oversold. The STOCH value of 81.17 is Negative, 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	80 Outperform	$10.96B	32.31	18.25%	0.70%	4.18%	16.05%
SPXC	76 Outperform	$11.32B	45.03	13.56%	―	12.60%	24.02%
FLS	73 Outperform	$11.27B	33.49	16.49%	1.17%	3.19%	69.89%
PNR	68 Neutral	$16.19B	25.11	17.48%	0.96%	0.83%	-1.32%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RRX	61 Neutral	$14.70B	52.66	4.27%	0.97%	-4.99%	22.16%
GTLS	47 Neutral	$9.91B	250.06	2.25%	―	5.47%	-75.40%

Chart Industries Corporate Events

Chart Industries Names Gerry Vinci as New President

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 human resources function since 2016 and has been an executive officer since 2017, bringing prior senior HR and legal experience from Dover Corporation, Harsco Corporation and Sunoco; his employment terms remain unchanged aside from a routine annual base salary increase, signaling leadership continuity and stability for stakeholders as the company prepares for this planned transition.

The most recent analyst rating on (GTLS) stock is a Hold with a $210.00 price target. To see the full list of analyst forecasts on Chart Industries stock, see the GTLS Stock Forecast page.

Chart Industries Grants Executive Retention Bonuses Amid Merger

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 Herbert Hotchkiss and Chief Human Resources Officer Gerry Vinci will each receive a one-time $750,000 retention bonus, paid on or before December 31, 2025, designed both to keep them in their roles through up to nine months after the merger closes and to mitigate potential adverse tax consequences for the company and the executives; the bonuses are subject to repayment if they resign without good reason or are terminated for cause before that date or before any termination of the merger agreement. Separately, Chief Technology Officer Joseph Belling is eligible for a $200,000 retention bonus that vests 12 months after the merger closes, with accelerated vesting if the merger is completed and his employment is subsequently terminated without cause or he resigns for good reason before that anniversary, underscoring Chart’s efforts to secure key leadership continuity through the merger process.

The most recent analyst rating on (GTLS) stock is a Hold with a $210.00 price target. To see the full list of analyst forecasts on Chart Industries stock, see the GTLS Stock Forecast page.

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.

The most recent analyst rating on (GTLS) stock is a Hold with a $214.00 price target. To see the full list of analyst forecasts on Chart Industries stock, see the GTLS Stock Forecast page.