GTLS
Chart Industries Inc
NYSE: GTLS · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY
$207.79
-0.11% today
Updated 2026-06-05
Market cap
$9.90B
P/E ratio
—
P/S ratio
2.39x
EPS (TTM)
$-1.01
Dividend yield
—
52W range
$141 – $209
Volume
1.3M
Chart Industries Inc (GTLS) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed GTLS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$207.79
Today
Analyst consensus
$204.43
-1.62% · 12M
2030 Base
$159.09
-23.44% future
NPV today
$90.19
@ 13% WACC
14 analysts:
0 Buy12 Hold2 Sell
Management guidance
No specific CEO revenue guidance disclosed in recent filings. Company announced pending acquisition by Baker Hughes (initially $13.6B, later revised to Flowserve all-stock merger valued ~$19B). Management focused on backlog execution ($6.28B as of Q1 2026) and LNG/hydrogen project delivery. No explicit revenue targets through 2030 from management.
Sources: Management guidance, analyst consensus, sector analysismedium confidence
GTLS · Chart Industries Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$159.09
NPV today: $90.19
Base case (2030)
$159.09
NPV today: $90.19
Bull case (2030)
$384.64
NPV today: $218.07
WallStSmart.com
GTLS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $4.3B | $4.9B | $6.2B | $7.8B | $9.4B | $10.8B |
| Revenue growth | 2.5% | 14.9% | 26.5% | 26.6% | 19.7% | 15.4% |
| Net margin | — | 2.1% | 3.7% | 4.4% | 4.7% | 4.8% |
| EPS | $9.74 | $2.15 | $4.80 | $7.20 | $9.10 | $10.80 |
| Diluted shares | — | 48M | 48M | 48M | 48M | 48M |
| Net debt | — | $3.59B | $3.52B | $3.43B | $3.32B | $3.20B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $27.28 | $55.85 | $92.05 | $126.47 | $159.09 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $10.8B | $10.8B | $10.8B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 48M | 48M | 48M |
| Net debt | $3.20B | $3.20B | $3.20B |
| Implied P/E † | 15x | 15x | 36x |
| 2030 Price | $159.09 | $159.09 | $384.64 |
| NPV @ 13% | $90.19 | $90.19 | $218.07 |
† Implied P/E: Multiples remain elevated across all three scenarios because GTLS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $159.09 base case
GTLS catalysts and risks
Growth catalysts
+ Flowserve merger completion (expected Q4 2026) — creates $8.8B+ combined entity with 22% EBITDA margins
+ Baker Hughes acquisition (originally announced) — uncertainty but deal structure suggests strategic validation of GTLS cryogenic/LNG leadership
+ LNG export capacity expansion in North America (Sempra Port Arthur Phase 2, other projects) — direct demand driver for heat exchangers and cold boxes
+ Hydrogen energy infrastructure buildout (2026-2030) — global hydrogen storage TAM projected to grow 43% CAGR to $300B by 2033; GTLS is key vendor
+ Backlog conversion ($6.28B as of Q1 2026) — near-term revenue visibility, though execution risk on project delays
+ Clean energy transition tailwinds — government subsidies (US Inflation Reduction Act, EU green policy) accelerating LNG and hydrogen capex
Key risks
- Q1 2026 loss of $17.1M despite $884.8M revenue — signals margin compression, project cost overruns, or volume/pricing pressures
- Revenue TTM down 1.52% YoY as of May 2026 — current-year deceleration contradicts 29.4% historical 5Y CAGR; backlog conversion lagging
- Analyst downgrades mid-2025 (UBS, Johnson Rice, Raymond James dropped from Strong Buy to Hold) — suggests execution concerns or demand uncertainty
- Merger integration risk (Flowserve deal) — historical M&A synergy targets often missed; cultural/operational challenges could delay 2027-2028 growth
- Volatile earnings narrative (swings between $4.10 EPS in 2024 to $0.29 in 2025 to $10.81 projected 2026) — non-GAAP vs GAAP confusion, one-time charges, or structural margin issues
- Project concentration risk — large portion of revenue from LNG/hydrogen mega-projects; delays in 2-3 key projects could crater annual numbers
- Energy price volatility — oil/gas downturn reduces capex; hydrogen adoption slower than bullish TAM models assume
- Supply chain / labor cost inflation — industrial equipment manufacturing exposed to commodity and wage inflation; margins under pressure in 2026
Methodology · Chart Industries Inc 2030 stock forecast model
Chart Industries Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 14 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (0% cumulative for GTLS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($3.20B by 2030) |
| 3. Time value | NPV calculated using 13% WACC (CAPM: beta 1.56) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
GTLS price target FAQ
What is the GTLS price target for 2030?
WallStSmart's Chart Industries Inc 2030 base case is $159.09 per share, with a bull case of $384.64 and bear case of $159.09. The NPV of the base case discounted to today at 13% WACC is $90.19.
How is the Chart Industries Inc 2030 stock forecast calculated?
The GTLS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the GTLS price target account for dilution?
Chart Industries Inc is projected to grow diluted share count from 48M to 48M by 2030 (a 0% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 0%.
What is the analyst consensus on GTLS stock?
14 analysts cover GTLS with an average 12-month price target of $204.43. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.