Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 27, 2026
CHART INDUSTRIES INC (GTLS)
A forensic read on CHART INDUSTRIES INC built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Grey Zone
Financial health
1.7
Altman Z-score
Clean
Earnings quality
4
Forensic signals
-0.8%
ROE
$10.0B
Market cap
0.20%
Dividend yield
CHART INDUSTRIES INC earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 1.7, placing it in the Grey zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
5%Return on invested capital.Return on invested capital is 5% and rising from 3% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
+2.8%/yrShare-count dilution.Diluted share count changed +9% over the last 3 years to FY2025 (+2.8%/yr). The count is GROWING — existing holders are being diluted. That's ~2.8% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~9%.
stoppedShareholder returns — halted.Capital returns have STOPPED — $19M of buybacks + dividends in FY2020, but ~$0 in FY2022. A halt usually means the company is conserving cash; understand why before reading it as neutral.
74dInventory days.Days inventory outstanding moved from 65 to 74 FY2024→FY2025 (against cost of goods sold; inventory +17% vs +2% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
Key fundamentals
Net Margin1.0%
Debt / Equity1.10x
Free Cash Flow$202.8M
Latest Revenue$4.26B
Return on Equity1.3%
Revenue Growth YoY+2.5%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on CHART INDUSTRIES INC:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about GTLS's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown