CHART INDUSTRIES INC
Business
Chart Industries is a global manufacturer of process technologies and equipment for gas and liquid molecule handling across the Nexus of Clean—clean power, clean water, clean food, and clean industrials—serving producers, distributors, and end-users worldwide. The company designs and manufactures cryogenic tanks, heat exchangers, compressors, and specialized equipment for liquefied natural gas, hydrogen, carbon capture, industrial gases, and water treatment applications. Chart operates four reportable segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing, with a global footprint including 62 manufacturing locations and over 50 service centers across the Americas, Europe, Asia, Australia, and India.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Sales | 4,264 | 4,160 | 3,353 | 1,612 | 1,318 | |
| Cost of sales | 2,826 | 2,772 | 2,312 | 1,205 | 994 | |
| Gross profit | 1,438 | 1,389 | 1,040 | 407 | 324 | |
| Selling, general and administrative expenses | 619 | 547 | 486 | 215 | 197 | |
| Termination fee expense | 266 | 0 | 0 | — | — | |
| Amortization expense | 194 | 194 | 163 | 41 | 39 | |
| Operating expenses | 1,079 | 741 | 650 | 256 | 236 | |
| Operating income | 358 | 648 | 391 | 152 | 89 | |
| Acquisition related finance fees | 0 | 0 | 26 | 37 | 0 | |
| Interest expense, net | 308 | 329 | 289 | 32 | — | |
| Other expense, net | 23 | 500,000 | 18 | −16 | 300,000 | |
| Income from continuing operations before income taxes and equity in earnings of unconsolidated affiliates, net | 28 | 319 | 58 | 99 | 74 | |
| Income tax (benefit) expense, net | −10 | 79 | 3 | 16 | 14 | |
| Income from continuing operations before equity in earnings of unconsolidated affiliates, net | 39 | 240 | 55 | 83 | 61 | |
| Equity in earnings (loss) of unconsolidated affiliates, net | 300,000 | −4 | 3 | −400,000 | 300,000 | |
| Net income from continuing operations | 39 | 236 | 58 | 83 | 61 | |
| Loss from discontinued operations, net of tax | −2 | −4 | −600,000 | −58 | 0 | |
| Net income | 37 | 233 | 57 | 25 | 61 | |
| Less: (Loss) income attributable to noncontrolling interests of continuing operations, net of taxes | −4 | 14 | 10 | 1 | 2 | |
| Net income attributable to Chart Industries, Inc. | 41 | 219 | 47 | 24 | 59 | |
| Income from continuing operations | 42 | 222 | 48 | 82 | 59 | |
| Less: Mandatory convertible preferred stock dividend requirement | 27 | 27 | 27 | 1 | 0 | |
| Income from continuing operations attributable to Chart | 15 | 195 | 21 | 80 | 59 | |
| Loss from discontinued operations, net of tax | −2 | −4 | −600,000 | −58 | 0 | |
| Net income attributable to Chart common stockholders, basic | 14 | 191 | 20 | 23 | 59 | |
| Net income attributable to Chart common stockholders, diluted | 14 | 191 | 20 | 23 | 59 | |
| Income from continuing operations (usd per share) | 0.33 | 4.62 | 0.49 | 2.21 | 1.66 | |
| Loss from discontinued operations (usd per share) | −0.03 | −0.08 | −0.01 | −1.59 | 0 | |
| Net income attributable to Chart Industries, Inc. (usd per share) | 0.3 | 4.54 | 0.48 | 0.62 | 1.66 | |
| Income from continuing operations (usd per share) | 0.33 | 4.17 | 0.44 | 1.92 | 1.44 | |
| Loss from discontinued operations (usd per share) | −0.03 | −0.07 | −0.01 | −1.38 | 0 | |
| Net income attributable to Chart Industries, Inc. (usd per share) | 0.3 | 4.1 | 0.43 | 0.54 | 1.44 | |
| Basic (shares) | 45 | 42 | 42 | 36 | 36 | |
| Diluted (shares) | 45 | 47 | 47 | 42 | 41 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 366 | 309 | 188 | 664 | 122 | |
| Accounts receivable, net | 782 | 752 | 759 | 278 | 236 | |
| Inventories, net | 572 | 491 | 576 | 358 | 322 | |
| Unbilled contract revenue | 986 | 735 | 482 | 134 | 94 | |
| Other current assets | 193 | 179 | 209 | 44 | 59 | |
| Total Current Assets | 2,900 | 2,465 | 2,214 | 3,691 | 854 | |
| Property, plant and equipment, net | 919 | 864 | 838 | 430 | 416 | |
| Goodwill | 3,068 | 2,900 | 2,907 | 992 | 995 | |
| Identifiable intangible assets, net | 2,512 | 2,541 | 2,792 | 535 | 556 | |
| Other assets | 409 | 354 | 352 | 64 | 46 | |
| TOTAL ASSETS | 9,806 | 9,124 | 9,102 | 5,902 | 3,044 | |
| Accounts payable | 1,237 | 1,059 | 811 | 211 | 176 | |
| Customer advances and billings in excess of contract revenue | 324 | 362 | 377 | 171 | 149 | |
| Accrued interest | 105 | 110 | 93 | 10 | — | |
| Termination fee paid by Baker Hughes | 258 | 0 | — | — | — | |
| Other current liabilities | 205 | 258 | 328 | 83 | 55 | |
| Total Current Liabilities | 2,129 | 1,790 | 1,866 | 1,082 | 694 | |
| Long-term debt | 3,565 | 3,641 | 3,576 | 2,040 | 601 | |
| Deferred tax liabilities | 554 | 545 | 568 | 46 | 60 | |
| Other long-term liabilities | 183 | 153 | 153 | 34 | 41 | |
| Total Liabilities | 6,431 | 6,129 | 6,163 | 3,218 | 1,419 | |
| Preferred stock, par value $0.01 per share, $1,000 aggregate liquidation preference 10,000,000 shares authorized, 0 and 402,500 shares issued at December 31, 2025 and 2024, respectively | 0 | 0 | 0 | 0 | 0 | |
| Common stock, par value $0.01 per share 150,000,000 shares authorized, 48,557,490 and 45,657,062 shares issued at December 31, 2025 and 2024, respectively | 500,000 | 500,000 | 400,000 | 400,000 | 400,000 | |
| Additional paid-in capital | 1,902 | 1,889 | 1,873 | 1,850 | 779 | |
| Treasury stock; 760,782 shares at both December 31, 2025 and 2024 | −19 | −19 | −19 | −19 | −19 | |
| Retained earnings | 1,127 | 1,113 | 922 | 902 | 878 | |
| Accumulated other comprehensive income (loss) | 220 | −155 | 11 | −58 | −22 | |
| Total Chart Industries, Inc. Shareholders Equity | 3,230 | 2,829 | 2,787 | 2,676 | 1,617 | |
| Noncontrolling interests | 145 | 166 | 153 | 9 | 9 | |
| Total Equity | 3,376 | 2,995 | 2,939 | 2,684 | 1,625 | |
| TOTAL LIABILITIES AND EQUITY | 9,806 | 9,124 | 9,102 | 5,902 | 3,044 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Bridge loan facility fees | 0 | 0 | 26 | 0 | 0 | |
| Depreciation and amortization | 281 | 270 | 231 | 82 | 81 | |
| Employee share-based compensation expense | 17 | 19 | 13 | 11 | 11 | |
| Financing costs amortization | 19 | 19 | 17 | 3 | — | |
| Unrealized foreign currency transaction loss (gain) | 13 | −17 | −4 | −4 | −1 | |
| Deferred income tax benefit | −97 | −26 | −79 | −2 | — | |
| Other non-cash operating activities | 13 | 9 | 8 | −6 | −5 | |
| Accounts receivable | −2 | −15 | −77 | −45 | −31 | |
| Inventories | −71 | 55 | 21 | −49 | −78 | |
| Unbilled contract revenue | −219 | −268 | −166 | −41 | −71 | |
| Prepaid expenses and other current assets | 9 | 4 | 28 | −22 | — | |
| Accounts payable and other current liabilities | 54 | 190 | 237 | 89 | −10 | |
| Customer advances and billings in excess of contract revenue | −56 | −4 | −58 | 28 | 29 | |
| Termination fee paid by Baker Hughes | 258 | 0 | 0 | — | — | |
| Long-term assets and liabilities | 37 | 36 | −19 | −50 | — | |
| Net Cash Provided By Continuing Operating Activities | 295 | 509 | 235 | 81 | −21 | |
| Net Cash Used In Discontinued Operating Activities | −2 | −6 | −68 | 0 | 0 | |
| Net Cash Provided By Operating Activities | 293 | 503 | 167 | 81 | −21 | |
| Acquisition of business, net of cash acquired | 0 | 0 | −4,322 | −26 | −205 | |
| Proceeds from sale of businesses, net of cash divested | 0 | 0 | 475 | 0 | — | |
| Capital expenditures | −90 | −121 | −136 | −74 | −53 | |
| Investments | −1 | −13 | −12 | −10 | −104 | |
| Other investing activities | −2 | −5 | 7 | −1 | — | |
| Net Cash Used In Continuing Investing Activities | −94 | −139 | −3,988 | −102 | −361 | |
| Net Cash Used In Discontinued Investing Activities | 0 | −3 | −3 | 0 | 0 | |
| Net Cash Used In Investing Activities | −94 | −141 | −3,990 | −102 | −361 | |
| Borrowings on credit facilities | 3,330 | 3,735 | 1,895 | 635 | 1,361 | |
| Repayments on credit facilities | −3,268 | −3,627 | −1,901 | −1,128 | −874 | |
| Repayment of convertible notes | 0 | −259 | 0 | 0 | — | |
| Borrowings on term loan | 0 | 0 | 1,747 | 0 | 0 | |
| Repayments on term loan | −175 | −50 | −158 | 0 | −103 | |
| Payments for debt issuance costs | −100,000 | −10 | −136 | −5 | −3 | |
| Proceeds from issuance of common stock, net | 0 | 0 | 12 | 676 | 0 | |
| Dividend distribution to noncontrolling interests | −6 | 0 | −12 | 0 | 0 | |
| Dividends paid on mandatory convertible preferred stock | −27 | −27 | −27 | 0 | 0 | |
| Other financing activities | −9 | −6 | −6 | −2 | — | |
| Net Cash (Used in) Provided By Financing Activities | −155 | −244 | 1,413 | 2,504 | 382 | |
| Effect of exchange rate changes on cash and cash equivalents | 15 | −9 | 6 | −500,000 | −3 | |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | 59 | 109 | −2,404 | 2,483 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CHART INDUSTRIES INC's CIK number?
CHART INDUSTRIES INC's SEC CIK number is 0000892553 (892553). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CHART INDUSTRIES INC's SEC filings?
All of CHART INDUSTRIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CHART INDUSTRIES INC last report earnings?
CHART INDUSTRIES INC (GTLS) most recently filed an earnings 8-K with the SEC on Feb 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000892553-26-000025). This is CHART INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is CHART INDUSTRIES INC's most recent earnings 8-K?
CHART INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed Feb 27, 2026 under accession 0000892553-26-000025. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CHART INDUSTRIES INC's latest earnings 8-K →
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