HIGHBuilt-inGeographic
58%
international markets
“10-K Item 1A: 'In 2025, 2024 and 2023, 58%, 60%, and 59%, respectively, of our sales occurred in international markets'”
GTLS · Concentration risk · 10-K extracted
Chart Industries (GTLS) concentration risks
Updated
The most significant concentration Chart Industries discloses is international markets at 58%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Chart Industries’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
27%
top ten customers
“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'”
MEDIUMOutside partySupplier
special grades of aluminum suppliers
“10-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'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile spans geography, customer composition, and supply chain, with all three disclosures carrying moderate or larger shares. The most notable is the international revenue exposure: in 2025, 58% of sales occurred in international markets, a large share that reflects the global demand for industrial gas equipment and energy infrastructure solutions. This is structural in character — the company's end-markets for cryogenic equipment and heat exchangers are distributed globally, and international business is an inherent feature of the market rather than a transient concentration. At the customer level, the top ten customers accounted for 27% of consolidated sales in 2025, a moderate share suggesting that while no individual buyer dominates the revenue base, the top tier of the customer roster carries meaningful weight. The character is dependency — these relationships reflect specific project awards and capital equipment orders that can shift across budget cycles and project timelines. The supply chain introduces a moderate dependency on a limited number of specialized aluminum suppliers, specifically for the special grades of aluminum used in brazed aluminum heat exchangers. This is a component where substitution is technically demanding and qualification-intensive, meaning disruptions at one of these suppliers could delay manufacturing timelines for a product line that is central to the company's cryogenic equipment offering. Together, the profile is coherent: a globally distributed industrial equipment business with moderate customer and supplier dependencies and no single geographic or buyer risk that is existentially concentrated. The international revenue share is the largest disclosed figure and the primary macro sensitivity.
For the engine’s reasoning on GTLS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Industrial Machinery
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CMI | Cummins Inc. | 2 | 1 | 0 | 3 |
| GTLS● | Chart Industries, Inc. | 1 | 2 | 0 | 3 |
| AOS | A.O. Smith Corporation | 1 | 1 | 1 | 3 |
| CR | Crane Company | 0 | 1 | 0 | 1 |
| AME | AMETEK, Inc. | 0 | 0 | 1 | 1 |
| BW | Babcock & Wilcox Enterprises, I | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.