Chart Industries, Inc.GTLS
NYSE•Industrials•Specialty Industrial Machinery
Chart Industries, Inc. engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules. It operates through Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing segments. The company provides microbulk and mobile equipment; 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. It also offers natural gas processing solutions; process technology, liquefaction capabilities, and critical equipment for the LNG, include small to mid-scale facilities, floating LNG applications, and large base-load export facilities; brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, cold boxes, pressure vessels, fans, and pipe works; and air cooled heat exchangers and axial cooling fans for the heating, ventilation and air conditioning (HVAC), power, and refining applications. In addition, the company provides hydrogen solutions; compressors and heat exchangers, including aluminum, air cooled, and shell and tubes to mobile equipment and fueling stations; solutions, equipment, aftermarket services, and software for applications; water treatment solutions serve both clean and wastewater applications; and various organic and inorganic contaminants. Further, it offers extended warranties, plant start-up, parts, 24/7 support, monitoring and process optimization, repair, maintenance, spares, and upgrade services; and installation, retrofitting and refurbishment, as well as equipment leasing solutions. Chart Industries, Inc. was founded in 1859 and is headquartered in The Woodlands, Texas.
Chart Industries, Inc. (GTLS) reported trailing twelve months revenue of $4.15B as of March 2026, a 1.5% decline year-over-year. Quarterly revenue reached $884.80M, reflecting a contraction in sales.
Chart Industries, Inc. reported a TTM net loss of $25.90M, with quarterly EBITDA of $124.10M. The operating margin contracted from 15.2% to 5.9%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (5.9%) and net margin (-1.9%) indicates moderate non-operating costs. Net margin has narrowed from 4.9% a year ago, reflecting increased costs or interest expense.
GTLS trades at a P/S of 2.4x. The price-to-book ratio of 3.1x reflects a moderate premium to book value.
The company reported negative free cash flow of $-272.80M, indicating cash consumption over the period. The balance sheet shows $9.69B in total assets with $3.79B in long-term debt against $3.16B in stockholders equity for a debt-to-equity ratio of 1.2. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 11.3%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 61.4% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by 3.0x on average — earnings are well-supported by cash generation.
D/E ratio is 1.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares outstanding increased 13.8% — significant dilution, likely from stock compensation or capital raises.