Chart Industries is in a deteriorating fundamental position: revenue is declining 12% year over year, earnings have missed three of the last four quarters by an average of 35%, quality metrics sit below the minimum investable threshold, and the stock is already trading above its price target — creating a setup where downside risk materially outweighs any near-term upside.
Thesis pillars
- Persistent Earnings Miss Streak→Stable
- Revenue Decline No Competitive Moat→Stable
- Momentum Breakdown Volume Distribution→Stable
- +1 more pillar — see the Why tab for full reasoning
Chart Industries, Inc. (GTLS) Stock Analysis
Industrials · Specialty Industrial Machinery
Sell if holding. Engine safety override at $209.07: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 3.9/10. Specifically: High short interest: 11%; Elevated put/call ratio: 3.50; Below-average business quality.
Chart Industries designs and manufactures process equipment for gas and liquid molecule handling across four segments — Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair/Service/Leasing — generating $4.3 billion in 2025 sales. Revenue comes primarily... Read more
Sell if holding. Engine safety override at $209.07: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 3.9/10. Specifically: High short interest: 11%; Elevated put/call ratio: 3.50; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 3.9/10, high confidence.
Passes 6/7 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 23d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Chart Industries, Inc.
About Chart Industries, Inc.
Chart Industries generated $4.3 billion in consolidated sales during 2025 — up from $4.2 billion in 2024 — distributed across four segments: Repair, Service & Leasing (30.6%), Heat Transfer Systems (29.0%), Specialty Products (25.8%), and Cryo Tank Solutions (14.6%). The company had 11,777 employees at year-end 2025, with 8,028 outside the U.S. and 3,749 domestically, and operates 62 manufacturing locations globally.
Chart generates revenue by selling engineered equipment and process technologies to large gas producers, distributors, and energy companies across the full molecular value chain — from liquefaction and purification through storage, distribution, and end-use. The Heat Transfer Systems segment provides brazed aluminum heat exchangers, cold boxes, and proprietary IPSMR liquefaction technology to LNG export projects and natural gas processors, competing against a small number of European and Asian global manufacturers in these specialized markets. Specialty Products serves hydrogen, helium, carbon capture, aerospace, and water-treatment applications, where the company faces limited competition in many sub-markets. The Repair, Service & Leasing segment — the largest by revenue at 30.6% — operates more than 50 service centers globally and generates recurring aftermarket income tied to the growing installed base. Top-10 customers accounted for 27% of 2025 consolidated sales, with purchasing cyclicality tied to hydrocarbon capex and LNG project final investment decisions.
Show full overview
Chart carried $5,886.2 million in backlog at December 31, 2025, built partly from large LNG and gas-processing orders whose revenue recognition depends on customers' project timelines — and the 10-K notes energy price volatility caused customers to adjust project timing in 2025. Backlog is subject to modification or termination, and cancellation fees may not fully offset lost revenue. Two corporate events intersect this picture: Chart paid Flowserve a $266 million termination fee in July 2025 after abandoning a merger agreement, and immediately entered a new merger agreement with Baker Hughes, with stockholder approval secured in October 2025 and closing targeted in the second quarter of 2026.
See also: Industrials · Specialty Industrial Machinery
From Chart Industries, Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-07-07Recent Developments — Chart Industries, Inc.
Latest news
- NEWS Terra Innovatum Signs Steam Turbine And Power Generator Procurement Order With Chart Industries' Howden Turbo — benzinga Jul 7, 2026 positive
- NEWS 'EU regulators to decide on Baker Hughes' $13.6 billion Chart deal by June 26' - Reuters — benzinga May 22, 2026 neutral
Generated 2026-07-07T18:12:25Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomertop ten customers27%10-K Item 1A: 'sales to our top ten customers accounted for 27%, 26%, and 25% of consolidated sales in 2025, 2024 and 2023, respectively'
- HIGHGeographicinternational markets58%10-K Item 1A: 'In 2025, 2024 and 2023, 58%, 60%, and 59%, respectively, of our sales occurred in international markets'
- MEDIUMSupplierspecial grades of aluminum suppliers10-K Item 1A: 'We rely on a limited number of suppliers for some of these materials, including special grades of aluminum used in our brazed aluminum heat exchangers'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
4 floor-breakers
Revenue shrinking — -11.7% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Unprofitable operations — net margin -0.6%. Quality floor flags this regardless of sector context.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $209.07: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 3.9/10. Specifically: High short interest: 11%; Elevated put/call ratio: 3.50; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $207.90. Score 3.9/10, high confidence.
Take-profit target: $205.00 (-2.0% upside). Prior stop was $207.90. Stop-loss: $207.90.
Concentration risk — Geographic: international markets (58.0%); Target reached (-14.9% upside); Quality below floor (2.8 < 4.0).
Chart Industries, Inc. trades at a P/E of N/A (forward 20.5). TrendMatrix value score: 5.9/10. Verdict: Sell.
15 analysts cover GTLS with a consensus score of 3.5/5. Average price target: $204.
What does Chart Industries, Inc. do?Chart Industries designs and manufactures process equipment for gas and liquid molecule handling across four segments —...
Chart Industries designs and manufactures process equipment for gas and liquid molecule handling across four segments — Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair/Service/Leasing — generating $4.3 billion in 2025 sales. Revenue comes primarily from gas producers, distributors, and industrial end-users, with top-10 customers at 27% of consolidated sales and 58% of revenue from international markets.