Upside case
Bull case
$351+69.1%
GTLS would need investors to value it at roughly 28x earnings — about 11x more generous than today's 16x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Chart Industries, Inc. (GTLS) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
37
analysts
20 bullish · 0 bearish · 37 covering GTLS
Strong Buy
0
Buy
20
Hold
17
Sell
0
Strong Sell
0
Consensus Target
$194
-6.7% vs today
Scenario Range
$72 – $351
Model bear to bull value window
Coverage
37
Published analyst ratings
Valuation Context
16.4x
Forward P/E · Market cap $9.9B
GTLS price targets
Three scenarios for where GTLS stock could go
Current
~$208
Confidence
39 / 100
Updated
May 1, 2026
Where we are now
Current · $208
Bear
$72
Base
$208
Bull
$351
Market caseClosest to today
Base case
$208+0.0%
This is close to how the market is already pricing GTLS — at roughly 16x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$72-65.4%
If investor confidence fades or macro conditions deteriorate, a 11x multiple contraction could push GTLS down roughly 65% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Chart Industries, Inc.
GTLS · NYSEIndustrialsIndustrial - MachineryDecember year-end
Chart Industries is a specialized industrial equipment manufacturer that designs and builds cryogenic systems for storing and processing liquefied gases like LNG, hydrogen, and industrial gases. It generates revenue through equipment sales (~70% of revenue) across its Cryo Tank Solutions, Heat Transfer Systems, and Specialty Products segments, supplemented by recurring service, repair, and leasing income (~30%). The company's moat lies in its deep technical expertise in cryogenics, proprietary process technologies, and established relationships with energy and industrial gas customers who rely on its mission-critical equipment.
Market Cap
$9.9B
Revenue TTM
$4.3B
Net Income TTM
$40M
Net Margin
0.9%
GTLS Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
33%Exceptional
12 quarters tracked
Revenue Beat Rate
42%Exceptional
vs consensus estimates
Avg EPS Surprise
+16.7%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 1 of 4Q2 2025
EPS
$1.86/$1.84
Revenue
$1.0B/$1.1B
Q3 2025
EPS
$2.59/$2.62
Revenue
$1.1B/$1.2B
Q4 2025
EPS
$2.78/$3.01
Revenue
$1.1B/$1.2B
Q1 2026
EPS
$2.51/$3.48
Revenue
$1.1B/$1.2B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $1.86/$1.84 | +1.1% | $1.0B/$1.1B | -10.7% |
| Q3 2025 | $2.59/$2.62 | -1.1% | $1.1B/$1.2B | -8.8% |
| Q4 2025 | $2.78/$3.01 | -7.6% | $1.1B/$1.2B | -10.8% |
| Q1 2026 | $2.51/$3.48 | -27.9% | $1.1B/$1.2B | -8.6% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$5.0B
+16.7% YoY
FY2
$5.8B
+16.6% YoY
EPS Outlook
FY1
$3.17
+261.0% YoY
FY2
$3.68
+16.2% YoY
Trailing FCF (TTM)$203M
FCF Margin: 4.8%
Next Earnings
May 7, 2026
Expected EPS
$2.40
Expected Revenue
$1.1B
GTLS beat EPS estimates in 1 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
GTLS Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $4.3B
Product Mix
Latest annual revenue by segment or product family
Repair, Service And Leasing Segment
30.6%
-5.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
North America
29.6%
+2.8% YoY
Tap, hover, or focus a slice to inspect segment detail.
Repair, Service And Leasing Segment is the largest disclosed segment at 30.6% of FY 2025 revenue, down 5.0% YoY.
North America is the largest reported region at 29.6%, up 2.8% YoY.
GTLS Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly Undervalued
Fair value est. $223 — implies +7.3% from today's price.
Upside to Fair Value
7.3%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
GTLS
629.6x
vs
S&P 500
25.2x
+2395% premium
vs Industrials Trailing P/E
GTLS
629.6x
vs
Industrials
25.9x
+2334% premium
vs GTLS 5Y Avg P/E
Today
629.6x
vs
5Y Average
78.7x
+700% premium
Forward PE
16.4x
S&P 500
19.1x
-14%
Industrials
20.8x
-21%
5Y Avg
—
—
Trailing PE
629.6x
S&P 500
25.2x
+2395%
Industrials
25.9x
+2334%
5Y Avg
78.7x
+700%
PEG Ratio
—
S&P 500
1.75x
—
Industrials
1.59x
—
5Y Avg
—
—
EV/EBITDA
14.3x
S&P 500
15.3x
-6%
Industrials
13.9x
+3%
5Y Avg
22.9x
-37%
Price/FCF
49.0x
S&P 500
21.3x
+130%
Industrials
20.6x
+138%
5Y Avg
34.7x
+41%
Price/Sales
2.3x
S&P 500
3.1x
-26%
Industrials
1.6x
+47%
5Y Avg
2.8x
-18%
Dividend Yield
0.29%
S&P 500
1.88%
-85%
Industrials
1.24%
-77%
5Y Avg
0.34%
-15%
| Metric | GTLS | S&P 500 | Industrials | 5Y Avg GTLS |
|---|---|---|---|---|
| Forward PE | 16.4x | 19.1x-14% | 20.8x-21% | — |
| Trailing PE | 629.6x | 25.2x+2395% | 25.9x+2334% | 78.7x+700% |
| PEG Ratio | — | 1.75x | 1.59x | — |
| EV/EBITDA | 14.3x | 15.3x | 13.9x | 22.9x-37% |
| Price/FCF | 49.0x | 21.3x+130% | 20.6x+138% | 34.7x+41% |
| Price/Sales | 2.3x | 3.1x-26% | 1.6x+47% | 2.8x-18% |
| Dividend Yield | 0.29% | 1.88% | 1.24% | 0.34% |
GTLS trades above S&P 500 benchmarks on 2 of 5 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolGTLS Financial Health
Verdict
Adequate
Key financial metrics for GTLS are shown below.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$4.3B
Revenue Growth
TTM vs prior year
+2.5%
Gross Margin
Gross profit as a share of revenue
32.6%
Operating Margin
Operating income divided by revenue
8.5%
Net Margin
Net income divided by revenue
0.9%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$0.88
Free Cash Flow (TTM)
Cash generation after capex
$203M
FCF Margin
FCF as share of revenue — the primary cash quality signal
4.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
7.4%
ROA
Return on assets, trailing twelve months
0.4%
Cash & Equivalents
Liquid assets on the balance sheet
$366M
Net Debt
Total debt minus cash
$3.4B
Debt Serviceability
Net debt as a multiple of annual free cash flow
16.6× FCF
~16.6 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
1.2%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.3%
Dividend
0.3%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$0.60
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
48M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageGTLS Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Customer Concentration
Chart Industries (GTLS) relies heavily on a limited number of large customers, which exposes the company to significant risk if these customers alter their purchasing behavior. This dependency can directly impact GTLS's revenue and profitability, making it a critical risk factor for investors.
High Risk
Competitive Landscape
The increasing competition in the industry poses a substantial threat to GTLS, potentially leading to a loss of market share. This competitive pressure may force the company to reduce prices, adversely affecting sales and earnings.
High Risk
Demand Stagnation
There are concerns regarding GTLS's ability to maintain order growth, with quarter-over-quarter growth not sufficiently offsetting year-over-year declines. This stagnation in demand could lead to reduced revenue and profitability.
Medium
Valuation Concerns
GTLS's Price-to-Sales (P/S) ratio stands at 2.3x, which is considered expensive compared to its estimated fair P/S ratio of 2.1x. This valuation concern may deter potential investors and impact the stock's performance.
Medium
Potential Value Trap
Despite appearing attractively valued at times, GTLS may present a potential value trap due to underlying risk factors, including low financial health indicators. Investors should be cautious as these risks could undermine the perceived value of the stock.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why GTLS Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Undervaluation
The stock is trading at a significantly lower P/E ratio compared to its historical average, with analysts projecting substantial upside potential. For instance, it's trading at under 12x 2025 P/E and approximately 7.5x EV/2026 EBITDA, a notable discount from its five-year average of around 20x P/E.
Strong Growth Drivers
Chart Industries is well-positioned in growing markets, particularly in liquefied natural gas (LNG) and hydrogen. A large LNG order from Woodside is expected to positively impact operating results in the second half of 2025.
Financial Performance
Management has reaffirmed guidance for robust revenue growth, EBITDA growth, and a significant increase in free cash flow. The company has a solid revenue base and profitability, with a trailing twelve months (TTM) gross profit margin of 32.6%.
Market Position
Chart Industries manufactures engineered equipment for the energy and industrial gas industries, operating through segments like Cryo Tank Solutions and Heat Transfer Systems. Its focus on innovative solutions in LNG and hydrogen aligns with global trends toward cleaner energy.
Analyst Sentiment
While the average analyst rating is 'Neutral,' some analysts project significant upside from the current price.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
GTLS Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$207.76
52W Range Position
99%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$140.50
+47.9% from the low
52-Week High
$208.51
-0.4% from the high
1 Month
+0.09%
3 Month
+0.15%
YTD
+0.7%
1 Year
+37.4%
3Y CAGR
+17.7%
5Y CAGR
+5.9%
10Y CAGR
+23.7%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
GTLS vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
16.4x
vs 22.6x median
-27% below peer median
Revenue Growth
+16.7%
vs +3.9% median
+330% above peer median
Net Margin
0.9%
vs 5.8% median
-84% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
GTL GTLS Chart Industries, Inc. | $9.9B | 16.4x | +16.7% | 0.9% | Buy | -6.7% |
FBI FBIN Fortune Brands Innovations, Inc. | $4.8B | 11.8x | -1.2% | 7.3% | Hold | +49.8% |
FWR FWRD Forward Air Corporation | $573M | — | +7.0% | -4.3% | Hold | +101.5% |
ESA ESAB ESAB Corporation | $6.2B | 17.6x | +3.9% | 8.0% | Buy | +44.5% |
CEC CECO CECO Environmental Corp. | $3.1B | 51.7x | +28.2% | 2.1% | Buy | -0.1% |
HLI HLIO Helios Technologies, Inc. | $2.3B | 27.6x | +2.6% | 5.8% | Buy | +10.3% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
GTLS Dividend and Capital Return
GTLS returns 0.3% total yield, led by a 0.29% dividend.
Dividend UnknownFCF Well Covered
Total Shareholder Yield
0.3%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
0.29%
Payout Ratio
—
How GTLS Splits Its Return
Div 0.29%
Dividend 0.29%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.60
Growth Streak
Consecutive years of dividend increases
1Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
—
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
48M
FAQ
7 questionsGTLS Investor Questions
Common questions answered from live analyst data and company financials.
01Is Chart Industries, Inc. (GTLS) stock a buy or sell in 2026?
Chart Industries, Inc. (GTLS) is rated Buy by Wall Street analysts as of 2026. Of 37 analysts covering the stock, 20 rate it Buy or Strong Buy, 17 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $194, implying -6.7% from the current price of $208. The bear case scenario is $72 and the bull case is $351.
02What is the GTLS stock price target for 2026?
The Wall Street consensus price target for GTLS is $194 based on 37 analyst estimates. The high-end target is $240 (+15.5% from today), and the low-end target is $160 (-23.0%). The base case model target is $208.
03Is Chart Industries, Inc. (GTLS) stock overvalued in 2026?
GTLS trades at 16.4x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals slightly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Chart Industries, Inc. (GTLS) stock in 2026?
The primary risks for GTLS in 2026 are: (1) Customer Concentration — Chart Industries (GTLS) relies heavily on a limited number of large customers, which exposes the company to significant risk if these customers alter their purchasing behavior. (2) Competitive Landscape — The increasing competition in the industry poses a substantial threat to GTLS, potentially leading to a loss of market share. (3) Demand Stagnation — There are concerns regarding GTLS's ability to maintain order growth, with quarter-over-quarter growth not sufficiently offsetting year-over-year declines. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Chart Industries, Inc.'s revenue and earnings forecast?
Analyst consensus estimates GTLS will report consensus revenue of $5.0B (+16.7% year-over-year) and EPS of $3.17 (+261.0% year-over-year) for the upcoming fiscal year. The following year, analysts project $5.8B in revenue.
06When does Chart Industries, Inc. (GTLS) report its next earnings?
Chart Industries, Inc. is expected to report its next earnings on approximately 2026-05-07. Consensus expects EPS of $2.40 and revenue of $1.1B. Over recent quarters, GTLS has beaten EPS estimates 33% of the time.
07How much free cash flow does Chart Industries, Inc. generate?
Chart Industries, Inc. (GTLS) generated $203M in free cash flow over the trailing twelve months — a free cash flow margin of 4.8%. GTLS returns capital to shareholders through dividends (0.3% yield) and share repurchases ($0 TTM).