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Chart Industries Inc

Rank #411Hypergrowth

GTLS · Industrials

Chart Industries Inc (GTLS) — Rank #411 by gross profitability (GP/assets 0.15) · ROE 1.3% · Piotroski F-Score 4 / 9.

As-of 2026-09-15 · CIK 0000892553 · all metrics point-in-time as of the filing date.

About

Chart Industries, Inc. engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules.

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It operates through Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service and 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 Ball Ground, Georgia and internationally. As of July 16, 2026, Chart Industries, Inc. operates as a subsidiary of Baker Hughes Company.

Industry
Specialty Industrial Machinery
Sector
Industrials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Price History

GTLS+0.0% · +0.0% CAGRSPY-0.5% · -49.6% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$10.05B

P/E (annual)

699.7

P/S (annual)

2.4

P/B

3.2

P/OCF (annual)

34.3

Shareholder Yield

-46.4%

Employees

11,777

Industry

Specialty Industrial Machinery

Exchange

—

Signal Flags

3 green2 yellow1 red
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why
Balance sheet deterioratingNet cash collapsed with receivables or inventory outpacing revenue

Quality Profile

Profitability

1/1 pass
GP / assets
0.15
Return on equity
1.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.93
Current ratio
1.53×
Net cash
-$3.52B

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.4%

Growth

1/2 pass
Revenue growth
396.3%
Piotroski F-Score
4 / 9
Share dilution
46.4%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

19.3%

fairly valued

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 46.4% — per-share value needs a total required return of 65.8% once share-count change is priced in.

vs. own 6-year median revenue growth: 8.2%

priced above its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

14.4%

r = 10% (base)

19.3%

r = 12%

23.6%

Net debt / market cap: 37.0%— material leverage inflates the implied growth read.

Base FCF: $202.8M3Y mean FCF: $73.3M

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.15

Primary signal (Novy-Marx).

14th of 15 SIC 34 peers

Return on equity

1.3%

Gross margin

33.7%

9th of 15 SIC 34 peers

Revenue growth (YoY)

396.3%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2014201520162017
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

—

Revenue CAGR (5Y)

—

Earnings CAGR (3Y)

19.3%

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.93

15th of 15 SIC 34 peers (best = lowest)

Current ratio

1.53×

12th of 15 SIC 34 peers

Quick ratio

0.55×

Net cash

-$3.52B

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$202.80M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

3.98

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.4%

Stock-based comp intensity.

Piotroski F-Score

F-Score

4 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20122017
Hypergrowth
Op. Leverage
Capital Return
Decline
Value
View full financial statements →