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Stock Comparison

GTLS vs FWRD

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
GTLS
Chart Industries, Inc.

Industrial - Machinery

IndustrialsNYSE • US
Market Cap$9.94B
5Y Perf.+429.3%
FWRD
Forward Air Corporation

Integrated Freight & Logistics

IndustrialsNASDAQ • US
Market Cap$573M
5Y Perf.-63.0%

GTLS vs FWRD — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
GTLS logoGTLS
FWRD logoFWRD
IndustryIndustrial - MachineryIntegrated Freight & Logistics
Market Cap$9.94B$573M
Revenue (TTM)$4.26B$2.50B
Net Income (TTM)$40M$-108M
Gross Margin32.6%20.5%
Operating Margin8.5%1.5%
Forward P/E16.4x
Total Debt$3.74B$2.16B
Cash & Equiv.$366M$106M

GTLS vs FWRDLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

GTLS
FWRD
StockMay 20May 26Return
Chart Industries, I… (GTLS)100529.3+429.3%
Forward Air Corpora… (FWRD)10037.0-63.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: GTLS vs FWRD

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: GTLS leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Forward Air Corporation is the stronger pick specifically for valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
GTLS
Chart Industries, Inc.
The Income Pick

GTLS carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 0.56, yield 0.3%
  • Rev growth 2.5%, EPS growth -92.0%, 3Y rev CAGR 38.3%
  • 7.4% 10Y total return vs FWRD's -44.3%
Best for: income & stability and growth exposure
FWRD
Forward Air Corporation
The Value Play

FWRD is the clearest fit if your priority is value.

  • Better valuation composite
Best for: value
See the full category breakdown
CategoryWinnerWhy
GrowthGTLS logoGTLS2.5% revenue growth vs FWRD's 0.8%
ValueFWRD logoFWRDBetter valuation composite
Quality / MarginsGTLS logoGTLS0.9% margin vs FWRD's -4.3%
Stability / SafetyGTLS logoGTLSBeta 0.56 vs FWRD's 2.28, lower leverage
DividendsGTLS logoGTLS0.3% yield; 1-year raise streak; the other pay no meaningful dividend
Momentum (1Y)GTLS logoGTLS+37.4% vs FWRD's +9.6%
Efficiency (ROA)GTLS logoGTLS0.4% ROA vs FWRD's -4.0%, ROIC 7.4% vs 1.2%

GTLS vs FWRD — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

GTLSChart Industries, Inc.
FY 2025
Repair, Service And Leasing Segment
30.6%$1.3B
Heat Transfer Systems Segment
29.0%$1.2B
Specialty Products Segment
25.8%$1.1B
Cryo Tank Solutions Segment
14.6%$624M
FWRDForward Air Corporation
FY 2024
Expedited Freight Segment
82.7%$1.1B
Intermodal Segment
17.3%$233M

GTLS vs FWRD — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLGTLSLAGGINGFWRD

Income & Cash Flow (Last 12 Months)

GTLS leads this category, winning 4 of 6 comparable metrics.

GTLS is the larger business by revenue, generating $4.3B annually — 1.7x FWRD's $2.5B. GTLS is the more profitable business, keeping 0.9% of every revenue dollar as net income compared to FWRD's -4.3%.

MetricGTLS logoGTLSChart Industries,…FWRD logoFWRDForward Air Corpo…
RevenueTrailing 12 months$4.3B$2.5B
EBITDAEarnings before interest/tax$644M$189M
Net IncomeAfter-tax profit$40M-$108M
Free Cash FlowCash after capex$203M$15M
Gross MarginGross profit ÷ Revenue+32.6%+20.5%
Operating MarginEBIT ÷ Revenue+8.5%+1.5%
Net MarginNet income ÷ Revenue+0.9%-4.3%
FCF MarginFCF ÷ Revenue+4.8%+0.6%
Rev. Growth (YoY)Latest quarter vs prior year-2.5%-0.3%
EPS Growth (YoY)Latest quarter vs prior year-36.1%+26.6%
GTLS leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

FWRD leads this category, winning 4 of 5 comparable metrics.

On an enterprise value basis, FWRD's 13.9x EV/EBITDA is more attractive than GTLS's 14.3x.

MetricGTLS logoGTLSChart Industries,…FWRD logoFWRDForward Air Corpo…
Market CapShares × price$9.9B$573M
Enterprise ValueMkt cap + debt − cash$13.3B$2.6B
Trailing P/EPrice ÷ TTM EPS629.58x-5.28x
Forward P/EPrice ÷ next-FY EPS est.16.43x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple14.35x13.89x
Price / SalesMarket cap ÷ Revenue2.33x0.23x
Price / BookPrice ÷ Book value/share2.79x3.52x
Price / FCFMarket cap ÷ FCF49.04x37.52x
FWRD leads this category, winning 4 of 5 comparable metrics.

Profitability & Efficiency

GTLS leads this category, winning 6 of 8 comparable metrics.

GTLS delivers a 1.2% return on equity — every $100 of shareholder capital generates $1 in annual profit, vs $-67 for FWRD. GTLS carries lower financial leverage with a 1.11x debt-to-equity ratio, signaling a more conservative balance sheet compared to FWRD's 13.36x.

MetricGTLS logoGTLSChart Industries,…FWRD logoFWRDForward Air Corpo…
ROE (TTM)Return on equity+1.2%-66.7%
ROA (TTM)Return on assets+0.4%-4.0%
ROICReturn on invested capital+7.4%+1.2%
ROCEReturn on capital employed+8.6%+1.5%
Piotroski ScoreFundamental quality 0–955
Debt / EquityFinancial leverage1.11x13.36x
Net DebtTotal debt minus cash$3.4B$2.1B
Cash & Equiv.Liquid assets$366M$106M
Total DebtShort + long-term debt$3.7B$2.2B
Interest CoverageEBIT ÷ Interest expense1.08x0.19x
GTLS leads this category, winning 6 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

GTLS leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in GTLS five years ago would be worth $13,325 today (with dividends reinvested), compared to $2,169 for FWRD. Over the past 12 months, GTLS leads with a +37.4% total return vs FWRD's +9.6%. The 3-year compound annual growth rate (CAGR) favors GTLS at 17.7% vs FWRD's -41.8% — a key indicator of consistent wealth creation.

MetricGTLS logoGTLSChart Industries,…FWRD logoFWRDForward Air Corpo…
YTD ReturnYear-to-date+0.7%-26.9%
1-Year ReturnPast 12 months+37.4%+9.6%
3-Year ReturnCumulative with dividends+63.0%-80.3%
5-Year ReturnCumulative with dividends+33.2%-78.3%
10-Year ReturnCumulative with dividends+740.5%-44.3%
CAGR (3Y)Annualised 3-year return+17.7%-41.8%
GTLS leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

GTLS leads this category, winning 2 of 2 comparable metrics.

GTLS is the less volatile stock with a 0.56 beta — it tends to amplify market swings less than FWRD's 2.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GTLS currently trades 99.6% from its 52-week high vs FWRD's 56.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricGTLS logoGTLSChart Industries,…FWRD logoFWRDForward Air Corpo…
Beta (5Y)Sensitivity to S&P 5000.56x2.28x
52-Week HighHighest price in past year$208.51$32.47
52-Week LowLowest price in past year$140.50$14.81
% of 52W HighCurrent price vs 52-week peak+99.6%+56.5%
RSI (14)Momentum oscillator 0–10050.935.5
Avg Volume (50D)Average daily shares traded1.6M725K
GTLS leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

FWRD leads this category, winning 1 of 1 comparable metric.

Wall Street rates GTLS as "Buy" and FWRD as "Hold". Consensus price targets imply 101.5% upside for FWRD (target: $37) vs -6.7% for GTLS (target: $194). GTLS is the only dividend payer here at 0.29% yield — a key consideration for income-focused portfolios.

MetricGTLS logoGTLSChart Industries,…FWRD logoFWRDForward Air Corpo…
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$193.81$37.00
# AnalystsCovering analysts3721
Dividend YieldAnnual dividend ÷ price+0.3%
Dividend StreakConsecutive years of raises18
Dividend / ShareAnnual DPS$0.60
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.1%
FWRD leads this category, winning 1 of 1 comparable metric.
Key Takeaway

GTLS leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FWRD leads in 2 (Valuation Metrics, Analyst Outlook).

Best OverallChart Industries, Inc. (GTLS)Leads 4 of 6 categories
Loading custom metrics...

GTLS vs FWRD: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is GTLS or FWRD a better buy right now?

For growth investors, Chart Industries, Inc.

(GTLS) is the stronger pick with 2. 5% revenue growth year-over-year, versus 0. 8% for Forward Air Corporation (FWRD). Chart Industries, Inc. (GTLS) offers the better valuation at 629. 6x trailing P/E (16. 4x forward), making it the more compelling value choice. Analysts rate Chart Industries, Inc. (GTLS) a "Buy" — based on 37 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — GTLS or FWRD?

Over the past 5 years, Chart Industries, Inc.

(GTLS) delivered a total return of +33. 2%, compared to -78. 3% for Forward Air Corporation (FWRD). Over 10 years, the gap is even starker: GTLS returned +740. 5% versus FWRD's -44. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — GTLS or FWRD?

By beta (market sensitivity over 5 years), Chart Industries, Inc.

(GTLS) is the lower-risk stock at 0. 56β versus Forward Air Corporation's 2. 28β — meaning FWRD is approximately 310% more volatile than GTLS relative to the S&P 500. On balance sheet safety, Chart Industries, Inc. (GTLS) carries a lower debt/equity ratio of 111% versus 13% for Forward Air Corporation — giving it more financial flexibility in a downturn.

04

Which is growing faster — GTLS or FWRD?

By revenue growth (latest reported year), Chart Industries, Inc.

(GTLS) is pulling ahead at 2. 5% versus 0. 8% for Forward Air Corporation (FWRD). On earnings-per-share growth, the picture is similar: Forward Air Corporation grew EPS 88. 3% year-over-year, compared to -92. 0% for Chart Industries, Inc.. Over a 3-year CAGR, GTLS leads at 38. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — GTLS or FWRD?

Chart Industries, Inc.

(GTLS) is the more profitable company, earning 1. 0% net margin versus -4. 3% for Forward Air Corporation — meaning it keeps 1. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GTLS leads at 15. 2% versus 1. 5% for FWRD. At the gross margin level — before operating expenses — GTLS leads at 29. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Is GTLS or FWRD more undervalued right now?

Analyst consensus price targets imply the most upside for FWRD: 101.

5% to $37. 00.

07

Which pays a better dividend — GTLS or FWRD?

In this comparison, GTLS (0.

3% yield) pays a dividend. FWRD does not pay a meaningful dividend and should not be held primarily for income.

08

Is GTLS or FWRD better for a retirement portfolio?

For long-horizon retirement investors, Chart Industries, Inc.

(GTLS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 56), +740. 5% 10Y return). Forward Air Corporation (FWRD) carries a higher beta of 2. 28 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (GTLS: +740. 5%, FWRD: -44. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between GTLS and FWRD?

Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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Stocks Like

GTLS

Quality Business

  • Sector: Industrials
  • Market Cap > $100B
  • Gross Margin > 19%
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FWRD

Quality Business

  • Sector: Industrials
  • Market Cap > $100B
  • Gross Margin > 12%
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Beat Both

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Revenue Growth>
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(GTLS: -2.5% · FWRD: -0.3%)

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