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GTLS-PB

Chart Industries, Inc.

GTLS-PB

Chart Industries, Inc. • NYSE
$72.05 ▼ -0.95% (-0.69)
Market Cap $3.24 B
52w High $80.74
52w Low $43.30
Dividend Yield 2.53%
P/E 0
Volume 10.54K
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 Q2-2025Q3-2025
Cryo Tank Solutions Segment
Cryo Tank Solutions Segment
 $160.00M ▲$150.00M ▼
Heat Transfer Systems Segment
Heat Transfer Systems Segment
 $300.00M ▲$350.00M ▲
Repair Service And Leasing Segment
Repair Service And Leasing Segment
 $340.00M ▲$330.00M ▼
Specialty Products Segment
Specialty Products Segment
 $290.00M ▲$270.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown strongly over the past several years, reflecting both organic growth and the impact of acquisitions like Howden. Profitability at the operating and EBITDA level has improved as the company has scaled, suggesting better use of its larger footprint and technologies. Net income, however, has been volatile, with periods of strong profit mixed with weaker years, likely influenced by integration costs, financing costs, and one‑off items. Overall, the business appears to be moving toward a more profitable structure, but the earnings pattern still shows some lumpiness that signals execution and integration risk.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, with total assets more than tripling over the period as Chart has transformed into a much larger, more diversified industrial company. This growth has been funded heavily with debt, leading to a highly leveraged capital structure that increases sensitivity to interest rates and economic slowdowns. Equity has grown, but at a slower pace than assets and debt, which underscores the importance of successful integration and steady cash generation to gradually de‑risk the balance sheet. Cash on hand is modest relative to total debt, so ongoing access to capital markets and disciplined debt reduction will remain key watch points.

Cash Flow

Cash Flow Cash flow from operations has improved from patchy and occasionally negative levels to more consistent positive generation in recent years, indicating better underlying business performance and working capital management. Free cash flow has turned sustainably positive, even after investment in new facilities and equipment, which supports the company’s ability to service its debt and fund selective growth. Capital spending has been meaningful but not excessive relative to the size of the business, suggesting a focus on targeted capacity and technology investments rather than aggressive expansion at any cost. The trend is encouraging, but given the high debt load, maintaining and steadily improving free cash flow will be critical during any downturn or integration hiccup.

Competitive Edge

Competitive Edge Chart occupies a specialized niche as a leader in cryogenic technologies, liquefied gas equipment, and integrated systems across the clean energy and industrial gas value chain. The Howden acquisition has turned the company into more of a one‑stop solutions provider, from compression and liquefaction through storage and transport, which strengthens its competitive moat and makes it harder for smaller rivals to match its breadth. Proprietary technologies, such as its LNG liquefaction process and cryogenic carbon capture solutions, add differentiation and help defend pricing power. A large installed base and recurring aftermarket and service revenue provide a more stable foundation beneath the inherently cyclical equipment business. At the same time, Chart still competes with large global industrial players, and its exposure to project timing, energy markets, and capital spending cycles remains a structural risk. The pending acquisition by Baker Hughes, if completed, could further bolster its reach and integration but also introduces transition and strategic alignment uncertainties.

Innovation and R&D

Innovation and R&D Innovation is a core part of Chart’s identity, centered on advanced cryogenics, clean energy infrastructure, and decarbonization technologies. Its patented process technologies in LNG and its cryogenic carbon capture platform are key differentiators that target some of the hardest‑to‑abate emissions in heavy industry and power. The company has positioned itself around a “Nexus of Clean” theme—clean power, water, food, and industrials—which aligns its R&D efforts with long‑term global trends rather than short‑term product cycles. Expansion into hydrogen, green steel, data center cooling, and water treatment, alongside digital monitoring and predictive maintenance tools, shows a strategy of layering software, service, and sustainability onto its hardware base. If executed well, this innovation pipeline can deepen customer relationships and create higher‑margin, recurring revenue streams, though many of these markets are still evolving and policy‑dependent.

Summary

Overall, Chart Industries today looks like a much larger, more complex industrial technology company than it was just a few years ago, with strong growth, improving operating margins, and a clear strategic focus on clean energy and decarbonization. Its strengths lie in specialized cryogenic know‑how, integrated solutions across the liquefied gas value chain, and a growing portfolio of proprietary technologies in LNG, hydrogen, and carbon capture. Financially, the company has moved in the right direction on profitability and cash generation, but this progress is balanced by a heavily leveraged balance sheet and the execution risks of integrating major acquisitions. The business is tightly linked to energy transition investment cycles and industrial capital spending, which can amplify both upside and downside in different macro environments. Looking ahead, key factors to monitor include debt reduction, sustained free cash flow, integration progress, and how effectively Chart (potentially within Baker Hughes) converts its innovation and “Nexus of Clean” strategy into durable, less cyclical earnings.