CHART INDUSTRIES INC

GTLS 10-Q · Q1 2026

GTLS Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 884.8 1,001.5 -11.7%
Show Business Segments breakouts
Cryo Tank Solutions · Asia Pacific 29.4 35.6 -17.4%
Cryo Tank Solutions · Europe, Middle East, Africa and India 53.4 57.3 -6.8%
Cryo Tank Solutions · North America 59.6 58.6 +1.7%
Cryo Tank Solutions · Operating Segments 145.6 153.2 -5.0%
Cryo Tank Solutions · Operating Segments 56.4 57.4 -1.7%
Cryo Tank Solutions · Operating Segments 89.2 95.8 -6.9%
Cryo Tank Solutions · Rest of the World 3.2 1.7 +88.2%
Heat Transfer Systems · Asia Pacific 36.1 64.6 -44.1%
Heat Transfer Systems · Europe, Middle East, Africa and India 36.3 39.4 -7.9%
Heat Transfer Systems · North America 173.6 162.5 +6.8%
Heat Transfer Systems · Operating Segments 246.1 267.3 -7.9%
Heat Transfer Systems · Operating Segments 6.2 1.4 +342.9%
Heat Transfer Systems · Operating Segments 239.9 265.9 -9.8%
Heat Transfer Systems · Rest of the World 0.1 0.8 -87.5%
Repair, Service & Leasing · Asia Pacific 65.5 60.5 +8.3%
Repair, Service & Leasing · Europe, Middle East, Africa and India 122.2 119.7 +2.1%
Repair, Service & Leasing · North America 81.5 113.7 -28.3%
Repair, Service & Leasing · Operating Segments 278.6 304.9 -8.6%
Repair, Service & Leasing · Operating Segments 103.9 166.8 -37.7%
Repair, Service & Leasing · Operating Segments 174.7 138.1 +26.5%
Repair, Service & Leasing · Rest of the World 9.4 11 -14.5%
Specialty Products · Asia Pacific 57.8 82.9 -30.3%
Specialty Products · Europe, Middle East, Africa and India 49.5 64.6 -23.4%
Specialty Products · North America 100.4 122.4 -18.0%
Specialty Products · Operating Segments 214.5 276.1 -22.3%
Specialty Products · Operating Segments 34.8 42.6 -18.3%
Specialty Products · Operating Segments 179.7 233.5 -23.0%
Specialty Products · Rest of the World 6.8 6.2 +9.7%
Show Geography breakouts
Asia Pacific 188.8 243.6 -22.5%
Europe, Middle East, Africa and India 261.4 281 -7.0%
North America 415.1 457.2 -9.2%
Rest of the World 19.5 19.7 -1.0%
Show Timing Of Transfer Of Good Or Service breakouts
Transferred At Point In Time 201.3 268.2 -24.9%
Transferred Over Time 683.5 733.3 -6.8%
Cost of Revenue 633.4 661.7 -4.3%
Show Business Segments breakouts
Cryo Tank Solutions · Operating Segments 111.6 116 -3.8%
Heat Transfer Systems · Operating Segments 194.6 184.7 +5.4%
Repair, Service & Leasing · Operating Segments 158.4 168.6 -6.0%
Specialty Products · Operating Segments 168.8 192.4 -12.3%
Gross Profit 251.4 339.8 -26.0%
Selling, General & Administrative 152 141 +7.8%
Show Business Segments breakouts
Cryo Tank Solutions · Operating Segments 21.5 17.7 +21.5%
Heat Transfer Systems · Operating Segments 12.8 10.8 +18.5%
Repair, Service & Leasing · Operating Segments 40.5 38.9 +4.1%
Specialty Products · Operating Segments 32.9 30.4 +8.2%
Show Consolidation Items breakouts
Corporate Non Segment 44.3 43.2 +2.5%
Amortization Of Intangible Assets 46.8 46.5 +0.6%
Show Business Segments breakouts
Cryo Tank Solutions · Operating Segments 1.9 1.9 0.0%
Heat Transfer Systems · Operating Segments 6.6 4.9 +34.7%
Repair, Service & Leasing · Operating Segments 33.9 34.7 -2.3%
Specialty Products · Operating Segments 4.4 5 -12.0%
Operating Expenses 198.8 187.5 +6.0%
Operating Income 52.6 152.3 -65.5%
Show Business Segments breakouts
Cryo Tank Solutions · Operating Segments 10.6 17.6 -39.8%
Heat Transfer Systems · Operating Segments 32.1 66.9 -52.0%
Repair, Service & Leasing · Operating Segments 45.8 62.7 -27.0%
Specialty Products · Operating Segments 8.4 48.3 -82.6%
Show Consolidation Items breakouts
Corporate Non Segment -44.3 -43.2 -2.5%
Interest Expense 73 77.1 -5.3%
Other Non-Operating Income (Expense) 6.3 3.3 +90.9%
Income Before Taxes -26.7 71.9 -137.1%
Income Tax Expense (Benefit) -12.5 17.6 -171.0%
Income Loss From Continuing Operations Before Equity Method Investments Noncontrolling Interest Net Of Tax -14.2 54.3 -126.2%
Income Loss From Equity Method Investments Net Of Tax -0.3
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest -14.5 54.3 -126.7%
Net Income -14.5 52.3 -127.7%
Show Equity Components breakouts
Noncontrolling Interest 2.6 2.8 -7.1%
Retained Earnings -17.1 49.5 -134.5%
Net Income Loss Attributable To Noncontrolling Interest 2.6 2.8 -7.1%
Net Income -17.1 49.5 -134.5%
Income Loss From Continuing Operations Net Of Tax Excluding Portion Attributable To Noncontrolling Interest -17.1 51.5 -133.2%
Income Loss From Continuing Operations -17.1 44.7 -138.3%
Net Income Loss Available To Common Stockholders Basic -17.1 42.7 -140.0%
Net Income Loss Available To Common Stockholders Diluted -17.1 42.7 -140.0%
Income Loss From Continuing Operations Per Basic Share -0.36 0.99 -136.4%
EPS (Basic) -0.36 0.95 -137.9%
Income Loss From Continuing Operations Per Diluted Share -0.36 0.99 -136.4%
EPS (Diluted) -0.36 0.94 -138.3%
Wtd Avg Shares (Basic) 47.85 44.93 +6.5%
Wtd Avg Shares (Diluted) 47.85 45.2 +5.9%
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax -56.9 128.1 -144.4%
Other Comprehensive Income Loss Reclassification Adjustment From A O C I Pension And Other Postretirement Benefit Plans Net Of Tax -0.2 0.3 -166.7%
Other Comprehensive Income Loss Net Of Tax -57.1 128.4 -144.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -57.1 122.8 -146.5%
Comprehensive Loss Income Net Of Tax Parent Excluding Foreign Exchange Impact -71.6 180.7 -139.6%
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest 2.6 8.4 -69.0%
Comprehensive Income -74.2 172.3 -143.1%
Other Comprehensive Income -57.1 122.8 -146.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -0.2 0.3 -166.7%
Accumulated Translation Adjustment -56.9 122.5 -146.4%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 267.9 296.2 -9.6%
Accounts Receivable 763.4 738 +3.4%
Inventory 587.5 505.7 +16.2%
Contract With Customer Asset Net Current 1,045.6 834 +25.4%
Other Assets Current 195.4 72.2 +170.6%
Total Current Assets 2,859.8 2,577.3 +11.0%
Non-Current Assets
Goodwill 3,061.8 2,950.2 +3.8%
Show Business Segments breakouts
Cryo Tank Solutions · Operating Segments 241.9 216.6 +11.7%
Heat Transfer Systems · Operating Segments 482.7 478.6 +0.9%
Repair, Service & Leasing · Operating Segments 1,753.7 1,683.3 +4.2%
Specialty Products · Operating Segments 583.5 571.7 +2.1%
Other Non-Current Assets 401.5 355.8 +12.8%
Total Assets 9,691.6 9,313.3 +4.1%
Show Business Segments breakouts
Cryo Tank Solutions · Operating Segments 613.7 550.5 +11.5%
Heat Transfer Systems · Operating Segments 895 661.5 +35.3%
Repair, Service & Leasing · Operating Segments 1,051.5 1,009.8 +4.1%
Specialty Products · Operating Segments 971.5 985.5 -1.4%
Show Consolidation Items breakouts
Corporate Non Segment 647.2 605.8 +6.8%
Operating Segments 3,531.7 3,207.3 +10.1%
Operating Lease Right-of-Use Assets 85.4 80.3 +6.4%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 917.6 880 +4.3%
Intangible Assets Net Excluding Goodwill 2,450.9 2,550 -3.9%
Current Liabilities
Accounts Payable 1,114.8 1,064.1 +4.8%
Deferred Revenue (Current) 285 325.4 -12.4%
Interest Payable Current 62.6 67.7 -7.5%
Termination Fees Paid On Entities Behalf 258
Other Liabilities Current 154.3 252.2 -38.8%
Total Current Liabilities 1,874.7 1,709.4 +9.7%
Current Portion of Long-Term Debt 0.1
Non-Current Liabilities
Long-Term Debt 3,786.7
Deferred Tax Liabilities 554.4 544.6 +1.8%
Other Non-Current Liabilities 170.7 165.1 +3.4%
Total Liabilities 6,386.5 6,146.7 +3.9%
Long-Term Debt (Q)
Show Debt Instrument breakouts
Other debt facilities 0.8
Show Credit Facility breakouts
Revolving Credit Facility 1,860.8
Show Long-Term Debt Type breakouts
Senior Secured and Unsecured Notes 1,925.2
Operating Lease Liabilities 65.1 62.4 +4.3%
Stockholders' Equity
Common Stock 0.5 0.5 0.0%
Additional Paid-In Capital 1,903.3 1,891.9 +0.6%
Treasury Stock Common Value -19.3 -19.3 0.0%
Retained Earnings 1,109.8 1,156.1 -4.0%
Accumulated Other Comprehensive Income 162.9 -32.3 +604.3%
Total Stockholders' Equity 3,157.2 2,996.9 +5.3%
Minority Interest 147.9 169.7 -12.8%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 3,305.1 3,166.6 +4.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 10.1 -1.2 +941.7%
Accumulated Other Comprehensive Income 162.9 -32.3 +604.3%
Accumulated Translation Adjustment 152.8 -31.1 +591.3%
Additional Paid In Capital 1,903.3 1,891.9 +0.6%
Common Stock 0.5 0.5 0.0%
Noncontrolling Interest 147.9 169.7 -12.8%
Retained Earnings 1,109.8 1,156.1 -4.0%
Treasury Stock Common -19.3 -19.3 0.0%
Total Liabilities & Equity 9,691.6 9,313.3 +4.1%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation And Amortization 71.5 66.2 +8.0%
Stock Option Plan Expense 5.4 6.2 -12.9%
Amortization of Financing Costs 4.9 4.8 +2.1%
Other Non-Cash Items 7.6 -0.6 +1366.7%
Increase Decrease In Accounts And Other Receivables 25.1 23.3 +7.7%
Change in Inventory -16.6 -8.9 -86.5%
Increase Decrease In Contract With Customer Asset And Other Assets -63.7 -89 +28.4%
Change in Prepaid & Other Assets -7.6 -16.6 +54.2%
Increase Decrease In Accounts Payable And Other Operating Liabilities -203.7 -62.9 -223.8%
Increase Decrease In Customer Advances And Billings In Excess Of Cost -40.1 -41.9 +4.3%
Increase Decrease In Other Noncurrent Assets And Liabilities Net -16.3 5.1 -419.6%
Net Cash Provided By Used In Operating Activities Continuing Operations -248 -60 -313.3%
Net Cash from Operations -248 -60 -313.3%
Investing Activities
Payments To Acquire Businesses Net Of Cash Acquired 29.1
Capital Expenditures -24.8 -20.1 -23.4%
Payments To Acquire Investments -3.3 -1.4 -135.7%
Other Investing Activities -0.3 0.4 -175.0%
Net Cash from Investing -57.5 -21.1 -172.5%
Financing Activities
Proceeds From Long Term Lines Of Credit 803.8 746.2 +7.7%
Repayments Of Lines Of Credit -584.5 -666.6 +12.3%
Share Based Compensation Repurchase Of Shares -5.2 -3.9 -33.3%
Payments Of Dividends Minority Interest 9.5
Proceeds From Payments For Other Financing Activities -0.7 -3.2 +78.1%
Net Cash from Financing 203.9 65.7 +210.4%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 1.2 2.9 -58.6%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Continuing Operations -100.4 -12.5 -703.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 269.4 298 -9.6%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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