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GTLS

Chart Industries, Inc.

GTLS

Chart Industries, Inc. • NYSE
$203.90 ▲ 0.02% (+0.05)
Market Cap $9.17 B
52w High $220.03
52w Low $104.60
Dividend Yield 0%
P/E 231.7
Volume 225.81K
Outstanding Shares 44.95M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.101B ▲ $463.7M ▲ $-138.5M ▼ -12.584% ▼ $-3.08 ▼ $-34.4M ▼
Q2-2025 $1.082B ▲ $194M ▲ $76.1M ▲ 7.031% ▲ $1.54 ▲ $244.8M ▲
Q1-2025 $1.002B ▼ $187.5M ▲ $49.5M ▼ 4.943% ▼ $0.95 ▼ $215.2M ▼
Q4-2024 $1.107B ▲ $184M ▼ $79.6M ▲ 7.192% ▲ $1.71 ▲ $261.9M ▲
Q3-2024 $1.063B $184.1M $69M 6.494% $1.48 $249.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $399.2M ▲ $9.79B ▲ $6.422B ▲ $3.202B ▼
Q2-2025 $342.3M ▲ $9.719B ▲ $6.205B ▲ $3.352B ▲
Q1-2025 $296.2M ▼ $9.313B ▲ $6.147B ▲ $2.997B ▲
Q4-2024 $308.6M ▼ $9.124B ▼ $6.129B ▼ $2.829B ▼
Q3-2024 $310.2M $9.498B $6.363B $2.971B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-135.4M ▼ $118M ▼ $-25.8M ▼ $-36.2M ▲ $56.8M ▲ $94.7M ▼
Q2-2025 $79.9M ▲ $145.9M ▲ $-23.9M ▼ $-83.4M ▼ $46M ▲ $122M ▲
Q1-2025 $54.3M ▼ $-60M ▼ $-21.1M ▼ $65.7M ▲ $-12.5M ▼ $-80.1M ▼
Q4-2024 $83.3M ▲ $281.4M ▲ $-19.7M ▲ $-250.5M ▼ $-2M ▼ $260.9M ▲
Q3-2024 $73.1M $200.6M $-26M $-120.1M $61.9M $174.5M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Cryo Tank Solutions Segment
Cryo Tank Solutions Segment
 $150.00M ▲$150.00M ▲$160.00M ▲$150.00M ▼
Heat Transfer Systems Segment
Heat Transfer Systems Segment
 $290.00M ▲$270.00M ▼$300.00M ▲$350.00M ▲
Repair Service And Leasing Segment
Repair Service And Leasing Segment
 $350.00M ▲$300.00M ▼$340.00M ▲$330.00M ▼
Specialty Products Segment
Specialty Products Segment
 $320.00M ▲$280.00M ▼$290.00M ▲$270.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown very rapidly over the past few years, especially after the Howden acquisition, turning Chart from a niche equipment maker into a much larger, more diversified industrial business. Operating profit has scaled up alongside sales, showing that the company is gradually converting this growth into healthier core profitability. However, net income and earnings per share have been more volatile and have not kept pace with the jump in revenue, reflecting acquisition-related costs, higher interest expense from added debt, and integration spending. Overall, the business is clearly bigger and more profitable than a few years ago, but the bottom line still shows the strain of rapid, deal-driven expansion.

Balance Sheet

Balance Sheet The balance sheet has expanded dramatically, with total assets more than tripling as Chart absorbed Howden and other acquisitions. This has been financed largely with debt, which is now a central feature of the capital structure and a key risk to monitor. Equity has also grown, but leverage remains meaningfully higher than in the past, making the company more sensitive to interest rates and business downturns. Cash on hand is relatively modest compared with total debt, so ongoing success in generating cash and refinancing on reasonable terms is important for balance sheet comfort.

Cash Flow

Cash Flow Cash generation has improved significantly. A few years ago, operating cash flow was weak and occasionally negative, but it has since strengthened to a level that comfortably covers investment needs. Free cash flow has turned clearly positive, helped by better profitability and disciplined capital spending. This improvement is a crucial offset to the higher leverage, as it gives Chart more flexibility to pay down debt, fund integration, and invest in growth without constantly relying on new financing. The key question is whether this stronger cash performance proves durable through cycles and project timing swings.

Competitive Edge

Competitive Edge Chart holds a strong and differentiated position in cryogenic and gas-handling technologies, with a portfolio that now spans liquefaction, storage, transportation, and compression. The Howden acquisition turned the company into an integrated solutions provider, able to deliver complete systems rather than isolated pieces of equipment, which increases customer stickiness and raises switching costs. Its long track record, global manufacturing and service network, and deep process expertise create meaningful barriers to entry. At the same time, Chart still operates in project-driven, competitive end markets where large industrial peers and regional specialists can pressure pricing and margins, especially when demand slows or projects are delayed.

Innovation and R&D

Innovation and R&D Innovation is a clear strength. Chart’s proprietary liquefaction technologies, advanced heat exchangers, and cryogenic carbon capture platform give it distinctive tools in LNG, hydrogen, and CO₂ management. The company has also broadened into compression and digital monitoring through Howden, enhancing its ability to sell full systems plus long-term service and analytics. Its focus on the “Nexus of Clean” — hydrogen, LNG, carbon capture, clean water, and related applications — aligns R&D with long-term decarbonization trends. The main uncertainty is timing and scale of adoption: many hydrogen and carbon capture projects depend on policy support, customer capital budgets, and evolving regulations, so not all innovation efforts will translate into near-term profits.

Summary

Chart Industries today is a much larger, more integrated, and more technologically advanced company than it was just a few years ago, with strong revenue growth and improving operating profits supported by a differentiated position in cryogenics and clean-energy infrastructure. The balance sheet, however, is more heavily leveraged, making consistent cash generation and successful integration of acquisitions critical. The company’s technologies and full-solution capabilities give it attractive exposure to long-term themes like LNG, hydrogen, and carbon capture, but also tie its fortunes to project cycles, customer capital spending, and policy developments. In essence, Chart offers a blend of scale-driven opportunity and innovation-led upside, balanced by integration, leverage, and end-market cyclicality risks that warrant close ongoing attention.

NEWS

November 17, 2025 · 8:30 AM UTC

Chart Industries Announces CEO Jill Evanko to Assume Senior Advisor Role in 2026

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October 29, 2025 · 6:30 AM UTC

Chart Industries Reports Third Quarter 2025 Financial Results

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October 7, 2025 · 8:30 AM UTC

Chart Industries to Announce Third Quarter 2025 Results on October 29

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October 6, 2025 · 4:15 PM UTC

Chart Industries Selected to Supply Air-Cooled Heat Exchangers and Cold Boxes for Sempra Infrastructure's Port Arthur LNG Phase 2 Project

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October 6, 2025 · 8:30 AM UTC

Chart Industries' Shareholders Approve Acquisition by Baker Hughes

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