A Business at a Glance
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CHART INDUSTRIES INC
GTLS
$28.5B
Mkt Cap
CHART INDUSTRIES INC (GTLS) has a current P/E ratio of 690.2, compared to its historical median P/E of 43.6. The stock is currently considered Expensive based on its historical valuation range.
CHART INDUSTRIES INC (GTLS) has a 5-year average return on invested capital (ROIC) of 5.2%. This is below average and may indicate limited pricing power.
CHART INDUSTRIES INC (GTLS) has a market capitalization of $10.1B. It is classified as a large-cap stock.
Yes, CHART INDUSTRIES INC (GTLS) pays a dividend with a trailing twelve-month yield of 0.20%.
Based on historical P/E analysis, CHART INDUSTRIES INC (GTLS) appears expensive. The current P/E of 690.2 is 1483% above its historical median of 43.6. The estimated fair value CAGR (P/E method) is -9.9%.
CHART INDUSTRIES INC (GTLS) operates in the Fabricated Plate Work (Boiler Shops) industry, within the Industrials sector.
CHART INDUSTRIES INC (GTLS) reported annual revenue of $4.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Chart Industries is a global leader in designing, engineering, and manufacturing process technologies and equipment for gas and liquid molecule handling across the Nexus of Clean—clean power, clean water, clean food, and clean industrials. The company operates through four reportable segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing, serving over 10,000 customers worldwide including large multinational producers and distributors of hydrocarbon, hydrogen, and industrial gases. Chart's business model combines capital equipment sales with a growing aftermarket service and leasing segment, which now represents approximately one-third of revenue and generates approximately half of operating profit, providing recurring revenue and high-margin opportunities. The company maintains a global footprint with 62 manufacturing locations and over 50 service centers across the United States, Asia, Australia, India, Europe, and South America, enabling direct customer support and localized production. Chart's competitive advantages include technical expertise in highly engineered solutions, a broad product portfolio spanning the entire liquid gas supply chain from production through consumption, and established relationships with leading companies in gas production, distribution, and processing industries. The company serves diverse end markets including LNG, hydrogen, biogas, CO2 capture, data centers, space exploration, marine, mining, and industrial gases, with particular strength in large-scale, project-based LNG infrastructure and increasingly in hydrogen and carbon capture applications.
【Strong backlog-driven momentum】 Management expects continued positive demand trends across the majority of the business, supported by a robust commercial pipeline of approximately $24 billion in opportunities not yet in backlog and approximately $2 billion in customer commitments. The company anticipates sequential growth in the second half of 2025 compared to the first half, driven by timing of specific large projects including Woodside Louisiana LNG phases, nitrogen rejection units, space exploration, and marine applications. LNG represents approximately a quarter of backlog and is expected to be a significant growth driver in 2025, with revenue from large LNG projects typically beginning six to eight months after order receipt. Management remains bullish on natural gas and hydrogen markets, particularly in Europe, while monitoring uncertainty in industrial gas and hydrogen markets in the Americas. The company is focused on achieving its target net leverage ratio of 2-2.5 in 2025 through operational cash generation and debt paydown, with capital allocation prioritized toward high-ROI organic investments in aftermarket expansion, manufacturing automation, and R&D innovation once leverage targets are achieved.
| Metric | Target | Period |
|---|---|---|
| Sales | $4.65 billion–$4.85 billion | FY2025 |
| Adjusted EBITDA | $1.175 billion–$1.225 billion | FY2025 |
| Free cash flow | $550 million–$600 million | FY2025 |
| Net debt | approximately $3 billion | FY2025 year-end |
| Capital expenditures | 2–2.5% of sales | FY2025 |
Sales (FY2025): “Our full year 2025 sales are anticipated to be in the range of $4.65 billion-$4.85 billion.”
Adjusted EBITDA (FY2025): “Our full year 2025 anticipated adjusted EBITDA range is $1.175 billion-$1.225 billion.”
Free cash flow (FY2025): “we anticipate ending 2025 with approximately $3 billion of net debt and achieve our sub-2.5 target net leverage ratio in 2025 based on full year 2025 free cash flow generation between $550 and $600 million.”
Net debt (FY2025 year-end): “we anticipate ending 2025 with approximately $3 billion of net debt”
Capital expenditures (FY2025): “Our capital expenditures for 2025 are anticipated to be in the 2-2.5% of sales range”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2024 Earnings Call, Q3 FY2024 Earnings Call, Q2 FY2024 Earnings Call, Q1 FY2024 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.1B | 4.3B | 4.2B | 3.4B | 1.6B | 1.3B |
| Net Income | -46M | 41M | 191M | 20M | 23M | 59M |
| EPS | $-1.05 | $0.30 | $4.10 | $0.43 | $0.54 | $1.44 |
| Free Cash Flow | 10M | 203M | 382M | 32M | 6.6M | -74M |
| ROIC | 3.1% | 5.7% | 7.7% | 6.3% | 3.8% | 2.5% |
| Gross Margin | 32.5% | 33.7% | 33.4% | 31.0% | 25.3% | 24.6% |
| Debt/Equity | 1.20 | 1.13 | 1.32 | 1.40 | 0.87 | 0.55 |
| Dividends/Share | $0.42 | $0.20 | $0.58 | $0.59 | $0.00 | $0.00 |
| Operating Income | 259M | 358M | 648M | 391M | 152M | 89M |
| Operating Margin | 6.2% | 8.4% | 15.6% | 11.7% | 9.4% | 6.7% |
| ROE | -1.5% | 1.3% | 6.8% | 0.7% | 1.1% | 3.7% |
| Shares Outstanding | 49M | 136M | 47M | 47M | 42M | 41M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.2B | 1.0B | 859M | 989M | 1.0B | 1.2B | 1.2B | 1.3B | 1.6B | 3.4B | 4.2B | 4.3B | 4.1B |
| Gross Margin | 30.0% | 27.7% | 24.4% | 23.4% | 25.8% | 24.5% | 28.2% | 24.6% | 25.3% | 31.0% | 33.4% | 33.7% | 32.5% |
| R&D | 16M | 16M | 7.6M | 7.1M | 8.7M | 9.2M | 9.1M | 13M | 14M | 23M | 38M | 42M | 42M |
| SG&A | 202M | 201M | 159M | 181M | 173M | 206M | 178M | 197M | 215M | 486M | 547M | 619M | 630M |
| EBIT | 138M | -183M | 41M | 39M | 65M | 52M | 92M | 89M | 152M | 391M | 648M | 358M | 259M |
| Op. Margin | 11.6% | -17.6% | 4.8% | 3.9% | 6.4% | 4.3% | 7.8% | 6.7% | 9.4% | 11.7% | 15.6% | 8.4% | 6.2% |
| Net Income | 82M | -203M | 28M | 28M | 88M | 46M | 308M | 59M | 23M | 20M | 191M | 41M | -46M |
| Net Margin | 6.9% | -19.5% | 3.3% | 2.8% | 8.8% | 3.8% | 26.2% | 4.5% | 1.4% | 0.6% | 4.6% | 1.0% | -1.1% |
| Non-Recurring | 0 | 208M | 9.5M | 11M | 41M | 16M | 279M | 3.5M | 1.0M | 14M | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 9.9% | -20.6% | 3.7% | 4.1% | 4.2% | 2.8% | 16.3% | 2.5% | 3.8% | 6.3% | 7.7% | 5.7% | 3.1% |
| ROE | 10.0% | -26.2% | 4.1% | 3.7% | 10.4% | 4.4% | 22.0% | 3.7% | 1.1% | 0.7% | 6.8% | 1.3% | -1.5% |
| ROA | 5.6% | -15.3% | 2.3% | 1.9% | 4.9% | 2.1% | 12.2% | 2.1% | 0.5% | 0.3% | 2.1% | 0.4% | -0.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 119M | 101M | 169M | 44M | 89M | 134M | 173M | -21M | 81M | 167M | 503M | 293M | 105M |
| Free Cash Flow | 56M | 54M | 153M | 11M | 52M | 98M | 135M | -74M | 6.6M | 32M | 382M | 203M | 10M |
| Owner Earnings | 66M | 44M | 126M | -4.4M | 32M | 47M | 79M | -113M | -1.1B | -2.2B | -2.3B | -2.6B | -2.7B |
| CapEx | 62M | 47M | 17M | 33M | 36M | 36M | 38M | 53M | 74M | 136M | 121M | 90M | 95M |
| Maint. CapEx | 43M | 45M | 33M | 38M | 50M | 78M | 85M | 81M | 1.2B | 2.3B | 2.8B | 2.8B | 2.8B |
| Growth CapEx | 19M | 1.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 43M | 45M | 33M | 38M | 50M | 78M | 85M | 81M | 1.2B | 2.3B | 2.8B | 2.8B | 2.8B |
| CapEx/OCF | 52.3% | 46.6% | 10.4% | 74.5% | 29.9% | 27.0% | 21.9% | N/A | 91.8% | 81.1% | 24.0% | 30.7% | 90.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27M | 27M | 27M | 20M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4% | 0.4% | 0.1% | 0.2% |
| Share Buybacks | 3.4M | 900K | 700K | 2.0M | 0 | 0 | 19M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.3% | 0.2% | 0.1% | 0.1% | 0.1% | N/A | 0.4% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 9.4M | 11M | 10M | 11M | 6.9M | 9.0M | 8.9M | 11M | 11M | 13M | 19M | 17M | 16M |
| Debt Repayment | 68M | 0 | 0 | 195M | 57M | 14M | 1.0M | 3.0M | 4.7M | 136M | 259M | 100K | 100K |
| Balance Sheet | |||||||||||||
| Net Debt | 105M | 96M | -42M | 434M | 438M | 709M | 346M | 762M | 1.7B | 3.7B | 3.4B | 3.3B | 3.5B |
| Cash & Equiv. | 104M | 124M | 282M | 123M | 118M | 119M | 125M | 122M | 664M | 188M | 309M | 366M | 268M |
| Long-Term Debt | 204M | 214M | 234M | 439M | 533M | 761M | 222M | 601M | 2.0B | 3.6B | 3.6B | 3.6B | 3.8B |
| Debt/Equity | 0.24 | 0.33 | 0.34 | 0.69 | 0.63 | 0.67 | 0.30 | 0.55 | 0.87 | 1.40 | 1.32 | 1.13 | 1.20 |
| Interest Coverage | 8.3 | -11.4 | 7.3 | 2.2 | 3.0 | 2.1 | 5.1 | 7.6 | 5.9 | 1.3 | 2.0 | 1.2 | 0.9 |
| Equity | 880M | 671M | 697M | 802M | 885M | 1.2B | 1.6B | 1.6B | 2.7B | 2.8B | 2.8B | 3.2B | 3.2B |
| Total Assets | 1.5B | 1.2B | 1.2B | 1.7B | 1.9B | 2.5B | 2.6B | 3.0B | 5.9B | 9.1B | 9.1B | 9.8B | 9.7B |
| Total Liabilities | 575M | 524M | 534M | 920M | 1.0B | 1.2B | 991M | 1.4B | 3.2B | 6.2B | 6.1B | 6.4B | 6.4B |
| Intangibles | 154M | 107M | 93M | 286M | 330M | 522M | 493M | 556M | 535M | 2.8B | 2.5B | 2.5B | 2.5B |
| Retained Earnings | 511M | 308M | 336M | 364M | 454M | 500M | 808M | 878M | 902M | 922M | 1.1B | 1.1B | 1.1B |
| Working Capital | 327M | 325M | 392M | 246M | 295M | 295M | 68M | 160M | 2.6B | 348M | 676M | 771M | 985M |
| Current Assets | 615M | 587M | 653M | 634M | 662M | 674M | 703M | 854M | 3.7B | 2.2B | 2.5B | 2.9B | 2.9B |
| Current Liabilities | 288M | 262M | 262M | 388M | 367M | 378M | 635M | 694M | 1.1B | 1.9B | 1.8B | 2.1B | 1.9B |
| Per Share Data | |||||||||||||
| EPS | 2.67 | -6.66 | 0.91 | 0.89 | 2.73 | 1.32 | 8.45 | 1.44 | 0.54 | 0.43 | 4.10 | 0.30 | -1.05 |
| Owner EPS | 2.15 | 1.45 | 4.07 | -0.14 | 1.00 | 1.34 | 2.17 | -2.76 | -27.11 | -46.39 | -49.02 | -18.80 | -56.41 |
| Book Value | 28.70 | 22.00 | 22.50 | 25.50 | 27.44 | 34.92 | 43.13 | 39.39 | 63.93 | 59.91 | 60.63 | 23.81 | 64.92 |
| Cash Flow/Share | 3.87 | 3.31 | 5.46 | 1.41 | 2.75 | 3.81 | 4.74 | -0.52 | 1.93 | 3.59 | 10.78 | 2.16 | 57.27 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.59 | 0.58 | 0.20 | 0.42 |
| Shares Out. | 30.7M | 30.5M | 31.0M | 31.5M | 32.2M | 35.2M | 36.5M | 41.0M | 41.9M | 46.5M | 46.7M | 135.7M | 48.6M |
| Valuation | |||||||||||||
| P/E Ratio | 13.0 | N/A | 40.2 | 52.6 | 23.8 | 51.8 | 14.1 | 109.8 | 201.9 | 324.2 | 47.0 | 686.2 | -197.2 |
| P/FCF | 18.9 | 10.2 | 7.4 | 130.3 | 39.9 | 24.6 | 32.1 | N/A | 691.4 | 205.2 | 23.5 | 137.7 | 997.0 |
| EV/EBIT | 7.7 | N/A | 14.1 | 44.8 | 26.2 | 56.6 | 51.4 | 83.2 | 38.2 | 26.1 | 18.6 | 33.8 | 52.5 |
| Price/Book | 1.2 | 0.8 | 1.6 | 1.8 | 2.4 | 2.0 | 2.8 | 4.0 | 1.7 | 2.3 | 3.2 | 2.9 | 3.2 |
| Price/Sales | 1.8 | 0.8 | 0.9 | 1.4 | 1.9 | 2.1 | 1.9 | 4.9 | 4.3 | 1.9 | 1.6 | 1.9 | 2.4 |
| FCF Yield | 5.3% | 9.8% | 13.5% | 0.8% | 2.5% | 4.1% | 3.1% | -1.1% | 0.1% | 0.5% | 4.2% | 2.2% | 0.1% |
| Market Cap | 1.1B | 551M | 1.1B | 1.5B | 2.1B | 2.4B | 4.3B | 6.5B | 4.6B | 6.5B | 9.0B | 9.3B | 10.1B |
| Avg. Price | 69.03 | 28.93 | 26.29 | 37.86 | 64.09 | 72.10 | 62.69 | 158.84 | 164.76 | 139.73 | 143.98 | 180.92 | 207.06 |
| Year-End Price | 34.78 | 18.07 | 36.54 | 46.81 | 64.87 | 68.33 | 118.74 | 158.17 | 109.04 | 139.40 | 192.90 | 205.85 | 207.06 |
CHART INDUSTRIES INC passes 2 of 9 quality checks, indicating weak fundamentals.
CHART INDUSTRIES INC trades at 690.2x trailing earnings, compared to its 15-year median P/E of 43.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 48.9x vs a median of 24.6x. The company's 5-year average ROIC is 5.2% with a gross margin of 29.6%. Total shareholder yield (dividends) is 0.2%. At current prices, the estimated annualized return to fair value is +5.6%.
CHART INDUSTRIES INC (GTLS) has a net profit margin of 1.0%. This is a modest margin.
CHART INDUSTRIES INC (GTLS) generated $203 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CHART INDUSTRIES INC (GTLS) has a debt-to-equity ratio of 1.13. This indicates moderate leverage.
CHART INDUSTRIES INC (GTLS) reported earnings per share (EPS) of $0.30 in its most recent fiscal year.
CHART INDUSTRIES INC (GTLS) has a return on equity (ROE) of 1.3%. This indicates moderate shareholder returns.
CHART INDUSTRIES INC (GTLS) has a 5-year average gross margin of 29.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for CHART INDUSTRIES INC (GTLS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CHART INDUSTRIES INC (GTLS) has a book value per share of $23.81, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued positive demand trends across the majority of the business, supported by a robust commercial pipeline of approximately $24 billion in opportunities not yet in backlog and approximately $2 billion in customer commitments. The company anticipates sequential growth in the second half of 2025 compared to the first half, driven by timing of specific large projects including Woodside Louisiana LNG phases, nitrogen rejection units, space exploration, and marine applications. LNG represents approximately a quarter of backlog and is expected to be a significant growth driver in 2025, with revenue from large LNG projects typically beginning six to eight months after order receipt. Management remains bullish on natural gas and hydrogen markets, particularly in Europe, while monitoring uncertainty in industrial gas and hydrogen markets in the Americas. The company is focused on achieving its target net leverage ratio of 2-2.5 in 2025 through operational cash generation and debt paydown, with capital allocation prioritized toward high-ROI organic investments in aftermarket expansion, manufacturing automation, and R&D innovation once leverage targets are achieved.
Based on recent SEC filings and earnings calls, CHART INDUSTRIES INC (GTLS) has provided the following forward guidance: Sales: $4.65 billion–$4.85 billion (FY2025); Adjusted EBITDA: $1.175 billion–$1.225 billion (FY2025); Free cash flow: $550 million–$600 million (FY2025); Net debt: approximately $3 billion (FY2025 year-end); Capital expenditures: 2–2.5% of sales (FY2025).