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Side-by-side financial comparison of CHART INDUSTRIES INC (GTLS) and PIPER SANDLER COMPANIES (PIPR). Click either name above to swap in a different company.

CHART INDUSTRIES INC is the larger business by last-quarter revenue ($1.1B vs $667.0M, roughly 1.6× PIPER SANDLER COMPANIES). PIPER SANDLER COMPANIES runs the higher net margin — 17.1% vs 5.0%, a 12.1% gap on every dollar of revenue. On growth, PIPER SANDLER COMPANIES posted the faster year-over-year revenue change (37.4% vs -2.5%). Over the past eight quarters, PIPER SANDLER COMPANIES's revenue compounded faster (39.2% CAGR vs 6.6%).

Oricon Inc. , established in 1999, is the holding company at the head of a Japanese corporate group that supplies statistics and information on music and the music industry in Japan and Western music. It started as Original Confidence Inc. , which was founded by Sōkō Koike in November 1967 and became known for its music charts. Oricon Inc. was originally set up as a subsidiary of Original Confidence and took over the latter's Oricon record charts in April 2002.

Piper Sandler Companies is an American multinational investment bank and financial services company, focused on mergers and acquisitions, financial restructuring, public offerings, public finance, institutional brokerage, investment management, and securities research. Through its principal subsidiary, Piper Sandler & Co., the company targets corporations, institutional investors, and public entities.

GTLS vs PIPR — Head-to-Head

Bigger by revenue
GTLS
GTLS
1.6× larger
GTLS
$1.1B
$667.0M
PIPR
Growing faster (revenue YoY)
PIPR
PIPR
+39.9% gap
PIPR
37.4%
-2.5%
GTLS
Higher net margin
PIPR
PIPR
12.1% more per $
PIPR
17.1%
5.0%
GTLS
Faster 2-yr revenue CAGR
PIPR
PIPR
Annualised
PIPR
39.2%
6.6%
GTLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GTLS
GTLS
PIPR
PIPR
Revenue
$1.1B
$667.0M
Net Profit
$53.6M
$114.0M
Gross Margin
33.3%
Operating Margin
11.6%
28.3%
Net Margin
5.0%
17.1%
Revenue YoY
-2.5%
37.4%
Net Profit YoY
-32.7%
65.0%
EPS (diluted)
$1.06
$6.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GTLS
GTLS
PIPR
PIPR
Q4 25
$1.1B
$667.0M
Q3 25
$1.1B
$480.1M
Q2 25
$1.1B
$398.6M
Q1 25
$1.0B
$358.6M
Q4 24
$1.1B
$485.4M
Q3 24
$1.1B
$360.9M
Q2 24
$1.0B
$340.8M
Q1 24
$950.7M
$344.4M
Net Profit
GTLS
GTLS
PIPR
PIPR
Q4 25
$53.6M
$114.0M
Q3 25
$-138.5M
$60.3M
Q2 25
$76.1M
$42.2M
Q1 25
$49.5M
$64.9M
Q4 24
$79.6M
$69.1M
Q3 24
$69.0M
$34.8M
Q2 24
$58.6M
$34.8M
Q1 24
$11.3M
$42.5M
Gross Margin
GTLS
GTLS
PIPR
PIPR
Q4 25
33.3%
Q3 25
34.1%
Q2 25
33.6%
Q1 25
33.9%
Q4 24
33.6%
Q3 24
34.1%
Q2 24
33.8%
Q1 24
31.8%
Operating Margin
GTLS
GTLS
PIPR
PIPR
Q4 25
11.6%
28.3%
Q3 25
-8.0%
22.4%
Q2 25
15.7%
12.3%
Q1 25
15.2%
8.2%
Q4 24
17.0%
16.9%
Q3 24
16.8%
15.4%
Q2 24
16.1%
8.3%
Q1 24
11.9%
15.2%
Net Margin
GTLS
GTLS
PIPR
PIPR
Q4 25
5.0%
17.1%
Q3 25
-12.6%
12.6%
Q2 25
7.0%
10.6%
Q1 25
4.9%
18.1%
Q4 24
7.2%
14.2%
Q3 24
6.5%
9.6%
Q2 24
5.6%
10.2%
Q1 24
1.2%
12.3%
EPS (diluted)
GTLS
GTLS
PIPR
PIPR
Q4 25
$1.06
$6.41
Q3 25
$-3.23
$3.38
Q2 25
$1.53
$2.38
Q1 25
$0.94
$3.65
Q4 24
$1.57
$3.88
Q3 24
$1.33
$1.96
Q2 24
$1.10
$1.97
Q1 24
$0.10
$2.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GTLS
GTLS
PIPR
PIPR
Cash + ST InvestmentsLiquidity on hand
$366.0M
Total DebtLower is stronger
$3.7B
Stockholders' EquityBook value
$3.2B
$1.4B
Total Assets
$9.8B
$2.6B
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTLS
GTLS
PIPR
PIPR
Q4 25
$366.0M
Q3 25
$399.2M
Q2 25
$342.3M
Q1 25
$296.2M
Q4 24
$308.6M
Q3 24
$310.2M
Q2 24
$247.4M
Q1 24
$191.9M
Total Debt
GTLS
GTLS
PIPR
PIPR
Q4 25
$3.7B
Q3 25
Q2 25
Q1 25
Q4 24
$3.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GTLS
GTLS
PIPR
PIPR
Q4 25
$3.2B
$1.4B
Q3 25
$3.2B
$1.3B
Q2 25
$3.4B
$1.2B
Q1 25
$3.0B
$1.2B
Q4 24
$2.8B
$1.2B
Q3 24
$3.0B
$1.2B
Q2 24
$2.7B
$1.1B
Q1 24
$2.7B
$1.1B
Total Assets
GTLS
GTLS
PIPR
PIPR
Q4 25
$9.8B
$2.6B
Q3 25
$9.8B
$2.2B
Q2 25
$9.7B
$2.0B
Q1 25
$9.3B
$1.8B
Q4 24
$9.1B
$2.3B
Q3 24
$9.5B
$2.0B
Q2 24
$9.3B
$1.9B
Q1 24
$9.2B
$1.8B
Debt / Equity
GTLS
GTLS
PIPR
PIPR
Q4 25
1.13×
Q3 25
Q2 25
Q1 25
Q4 24
1.33×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GTLS
GTLS
PIPR
PIPR
Operating Cash FlowLast quarter
$88.8M
$729.8M
Free Cash FlowOCF − Capex
$66.2M
FCF MarginFCF / Revenue
6.1%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
1.66×
6.40×
TTM Free Cash FlowTrailing 4 quarters
$202.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTLS
GTLS
PIPR
PIPR
Q4 25
$88.8M
$729.8M
Q3 25
$118.0M
$31.9M
Q2 25
$145.9M
$32.1M
Q1 25
$-60.0M
$-207.2M
Q4 24
$281.4M
$163.8M
Q3 24
$200.6M
$80.1M
Q2 24
$116.1M
$266.5M
Q1 24
$-95.1M
$-197.2M
Free Cash Flow
GTLS
GTLS
PIPR
PIPR
Q4 25
$66.2M
Q3 25
$94.7M
Q2 25
$122.0M
Q1 25
$-80.1M
Q4 24
$260.9M
Q3 24
$174.5M
Q2 24
$88.0M
Q1 24
$-141.2M
FCF Margin
GTLS
GTLS
PIPR
PIPR
Q4 25
6.1%
Q3 25
8.6%
Q2 25
11.3%
Q1 25
-8.0%
Q4 24
23.6%
Q3 24
16.4%
Q2 24
8.5%
Q1 24
-14.9%
Capex Intensity
GTLS
GTLS
PIPR
PIPR
Q4 25
2.1%
Q3 25
2.1%
Q2 25
2.2%
Q1 25
2.0%
Q4 24
1.9%
Q3 24
2.5%
Q2 24
2.7%
Q1 24
4.8%
Cash Conversion
GTLS
GTLS
PIPR
PIPR
Q4 25
1.66×
6.40×
Q3 25
0.53×
Q2 25
1.92×
0.76×
Q1 25
-1.21×
-3.19×
Q4 24
3.54×
2.37×
Q3 24
2.91×
2.30×
Q2 24
1.98×
7.66×
Q1 24
-8.42×
-4.64×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GTLS
GTLS

Repair Service And Leasing Segment$330.4M31%
Heat Transfer Systems Segment$325.8M30%
Specialty Products Segment$259.5M24%
Transferred Over Time$94.4M9%
Transferred At Point In Time$69.5M6%

PIPR
PIPR

Advisory Services$402.6M60%
Equities Financing$66.7M10%
Equity Salesand Trading$64.2M10%
Fixed Income Salesand Trading$47.9M7%
Other$46.7M7%
Debt Financing$38.9M6%

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