The stock may trade on acquisition progress rather than fundamentals. Monitor regulatory approval timing for the Baker Hughes deal. Strong backlog suggests future revenue visibility, but margin pressure and declining FCF are near-term concerns.
Price Chart
Executive Summary
Chart Industries reported mixed Q4 and full-year 2025 results with declining sales and earnings but strong backlog growth of 21.5% to $5.89 billion. Fourth-quarter sales fell 2.5% YoY to $1.08 billion and reported EPS dropped to $1.01 from $1.58, though adjusted EPS was $2.51. The results were impacted by high integration costs from the Howden acquisition and the pending Baker Hughes takeover, which is expected to close in Q2 2026 at $210 per share.
Key Financial Metrics
Key Facts
- Q4 2025 sales: $1.08 billion, down 2.5% YoY
- Q4 2025 reported diluted EPS: $1.01 vs. $1.58 in Q4 2024
- Adjusted EPS: $2.51 in Q4 2025, down from $2.66 in Q4 2024
- Backlog grew 21.5% YoY to $5.89 billion
- Pending acquisition by Baker Hughes at $210 per share, expected close in Q2 2026
- Fourth-quarter adjusted operating margin declined 290 bps to 19.1%
- Free cash flow: $66.2 million in Q4, down from $261.0 million in Q4 2024
Financial Impact
Sales down $27.2 million YoY; operating income down $63.2 million; free cash flow down $194.8 million
Risk Factors
- Regulatory delays or failure to close the Baker Hughes acquisition
- Continued margin compression from integration costs and unfavorable project mix
- Declining free cash flow due to working capital pressures and deal-related costs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3246815 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 9w ago | 15-12G | — | awaiting T+20 | — | — |
Jul 16, 2026 11w ago | 25-NSE | $209.97 awaiting T+20 | awaiting T+20 | — | — |
Jul 16, 2026 11w ago | 8-K | $209.97 awaiting T+20 | awaiting T+20 | — | — |
Jun 22, 2026 14w ago | 8-K | $208.98 $209.90 | ▲ +0.44% | ▲ +0.59% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $206.49 $209.60 | ▲ +1.51% | ▼ −0.38% | — |
Feb 27, 2026 30w ago | Press Release | $207.06 $206.80 | ▼ −0.13% | ▲ +7.81% | — |
US Market Status
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