Graftech International Financials
This page shows Graftech International (EAF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Graftech International has an operating margin of -15.3%, meaning the company retains $-15 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -14.0% the prior year.
Graftech International's revenue declined 6.4% year-over-year, from $538.8M to $504.1M. This contraction results in a growth score of 10/100.
With a current ratio of 3.78, Graftech International holds $3.78 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Graftech International generated -$81.6M in operating cash flow, capex of $38.9M consumed most of it, leaving -$120.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Graftech International earns a strong 84.7% return on equity (ROE), meaning it generates $85 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
Graftech International passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Graftech International generates $0.37 in operating cash flow (-$81.6M OCF vs -$219.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Graftech International earns $-0.7 in operating income for every $1 of interest expense (-$77.1M vs $104.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Graftech International generated $504.1M in revenue in fiscal year 2025. This represents a decrease of 6.4% from the prior year.
Graftech International's EBITDA was -$15.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.8% from the prior year.
Graftech International generated -$120.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 62.0% from the prior year.
Graftech International reported -$219.8M in net income in fiscal year 2025. This represents a decrease of 67.6% from the prior year.
Graftech International earned $-8.45 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 66.0% from the prior year.
Graftech International held $138.4M in cash against $1.1B in long-term debt as of fiscal year 2025.
Graftech International paid $0.02 per share in dividends in fiscal year 2025.
Graftech International had 26M shares outstanding in fiscal year 2025. This represents a decrease of 90.0% from the prior year.
Graftech International's gross margin was -3.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Graftech International's operating margin was -15.3% in fiscal year 2025, reflecting core business profitability. This is down 1.3 percentage points from the prior year.
Graftech International's net profit margin was -43.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 19.3 percentage points from the prior year.
Graftech International's ROE was 84.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Graftech International invested $6.5M in research and development in fiscal year 2025. This represents an increase of 13.5% from the prior year.
Graftech International invested $38.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 13.3% from the prior year.
EAF Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $116.5M-19.1% | $144.0M+9.2% | $131.8M+17.9% | $111.8M-16.7% | $134.2M+2.7% | $130.7M-4.9% | $137.3M+0.5% | $136.6M |
| Cost of Revenue | $228.9M-5.7% | $242.8M-8.8% | $266.2M+4.4% | $255.1M+42.3% | $179.3M+0.5% | $178.5M-9.4% | $197.0M+0.8% | $195.5M |
| Gross Profit | -$24.3M+75.4% | -$98.8M+26.5% | -$134.4M-7763.7% | -$1.7M+83.6% | -$10.4M+13.5% | -$12.1M+79.8% | -$59.7M-4451.8% | -$1.3M |
| R&D Expenses | $1.6M-1.8% | $1.6M+21.6% | $1.3M-28.3% | $1.9M+35.5% | $1.4M+11.4% | $1.2M-14.0% | $1.4M-11.1% | $1.6M |
| SG&A Expenses | $13.2M-3.9% | $13.8M+3.9% | $13.3M-9.3% | $14.6M+11.8% | $13.1M+0.1% | $13.1M+156.2% | $5.1M-66.6% | $15.3M |
| Operating Income | -$39.2M-666.0% | -$5.1M+64.8% | -$14.6M+20.1% | -$18.2M+26.9% | -$24.9M+5.2% | -$26.3M-881.0% | -$2.7M+87.5% | -$21.4M |
| Interest Expense | $24.3M-1.0% | $24.5M-3.5% | $25.4M-14.8% | $29.8M-20.6% | $37.6M+127.7% | $16.5M+5.7% | $15.6M-0.1% | $15.6M |
| Income Tax | $5.3M+5797.8% | $90K-99.8% | $51.2M+810.0% | -$7.2M+39.8% | -$12.0M-124.6% | -$5.3M-800.7% | -$592K+85.9% | -$4.2M |
| Net Income | -$65.1M-128.6% | -$28.5M+67.2% | -$86.9M-120.8% | -$39.4M+20.5% | -$49.5M-37.2% | -$36.1M-144.5% | -$14.8M+52.2% | -$30.9M |
| EPS (Diluted) | $-6.86-523.6% | $-1.10 | $-0.34-126.7% | $-0.15+95.7% | $-3.51-150.7% | $-1.40-2233.3% | $-0.06+50.0% | $-0.12 |
EAF Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0B-7.1% | $1.1B-0.4% | $1.1B-7.9% | $1.2B-1.3% | $1.2B+7.1% | $1.1B-1.7% | $1.2B-4.3% | $1.2B |
| Current Assets | $484.5M-15.0% | $569.8M+0.6% | $566.5M-8.4% | $618.5M-2.9% | $636.8M+14.1% | $558.0M-4.3% | $583.0M-6.0% | $620.0M |
| Cash & Equivalents | $138.4M-22.1% | $177.6M+12.0% | $158.5M-26.0% | $214.3M-16.4% | $256.2M+81.2% | $141.4M+17.1% | $120.7M-26.9% | $165.2M |
| Inventory | $224.7M-7.6% | $243.3M-4.9% | $255.9M+0.7% | $254.3M+10.0% | $231.2M-13.2% | $266.5M-12.6% | $304.8M+0.6% | $302.9M |
| Accounts Receivable | $162.9M-0.6% | $164.0M-7.6% | $177.5M-13.7% | $205.7M+3.1% | $199.6M-2.9% | $205.4M-0.6% | $206.7M | N/A |
| Goodwill | $420.1M-15.3% | $495.9M-0.1% | $496.3M-0.1% | $496.8M+190.3% | $171.1M0.0% | $171.1M0.0% | $171.1M0.0% | $171.1M |
| Total Liabilities | $1.3B-1.1% | $1.3B+1.7% | $1.3B-2.5% | $1.3B+0.8% | $1.3B+13.1% | $1.2B+0.5% | $1.1B-2.7% | $1.2B |
| Current Liabilities | $128.2M-5.0% | $135.0M+18.0% | $114.4M-23.0% | $148.6M+6.2% | $139.9M-4.9% | $147.2M+6.6% | $138.1M-17.0% | $166.4M |
| Long-Term Debt | $1.1B+0.2% | $1.1B+0.2% | $1.1B+0.2% | $1.1B+0.2% | $1.1B+17.0% | $929.3M+0.1% | $928.0M+0.1% | $926.8M |
| Total Equity | -$259.6M-33.6% | -$194.4M-15.4% | -$168.4M-59.9% | -$105.3M-33.5% | -$78.9M-776.9% | -$9.0M-155.4% | $16.2M-56.8% | $37.6M |
| Retained Earnings | -$1.0B-6.9% | -$947.8M-3.1% | -$919.3M-10.4% | -$832.5M-4.9% | -$793.5M-6.6% | -$744.0M-5.1% | -$707.9M-2.1% | -$693.2M |
EAF Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$20.9M-184.6% | $24.7M+146.4% | -$53.2M-65.4% | -$32.2M-21.8% | -$26.4M-211.4% | $23.7M+164.3% | -$36.9M-6853.8% | -$530K |
| Capital Expenditures | $18.4M+190.5% | $6.3M+61.8% | $3.9M-62.0% | $10.3M-19.6% | $12.8M+217.7% | $4.0M-42.3% | $7.0M-33.6% | $10.5M |
| Free Cash Flow | -$39.3M-313.7% | $18.4M+132.2% | -$57.1M-34.6% | -$42.5M-8.3% | -$39.2M-299.2% | $19.7M+144.9% | -$43.8M-297.0% | -$11.0M |
| Investing Cash Flow | -$18.1M-199.0% | -$6.1M-55.2% | -$3.9M+61.9% | -$10.3M+19.9% | -$12.8M-219.2% | -$4.0M+41.9% | -$6.9M+34.3% | -$10.5M |
| Financing Cash Flow | -$31K+32.6% | -$46K-70.4% | -$27K+88.6% | -$237K-100.2% | $155.9M+677743.5% | -$23K-21.1% | -$19K+80.6% | -$98K |
| Dividends Paid | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
| Share Buybacks | $274K+48.1% | $185K-37.1% | $294K+108.5% | $141K-89.8% | $1.4M-85.4% | $9.5M | $0 | $0 |
EAF Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -20.9%+47.7pp | -68.6%+33.3pp | -101.9%-100.4pp | -1.5%+6.2pp | -7.8%+1.5pp | -9.2%+34.2pp | -43.5%-42.5pp | -1.0% |
| Operating Margin | -33.7%-30.1pp | -3.5%+7.5pp | -11.0%+5.2pp | -16.3%+2.3pp | -18.6%+1.6pp | -20.1%-18.2pp | -1.9%+13.7pp | -15.6% |
| Net Margin | -55.9%-36.1pp | -19.8%+46.1pp | -65.9%-30.7pp | -35.2%+1.7pp | -36.9%-9.2pp | -27.6%-16.9pp | -10.7%+11.9pp | -22.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | 0.3%+0.0pp | 0.3% |
| Return on Assets | -6.3%-3.8pp | -2.6%+5.2pp | -7.8%-4.6pp | -3.3%+0.8pp | -4.0%-0.9pp | -3.2%-1.9pp | -1.3%+1.3pp | -2.5% |
| Current Ratio | 3.78-0.4 | 4.22-0.7 | 4.95+0.8 | 4.16-0.4 | 4.55+0.8 | 3.79-0.4 | 4.22+0.5 | 3.73 |
| Debt-to-Equity | -4.22+1.4 | -5.62+0.9 | -6.48+3.9 | -10.34+3.4 | -13.78+89.5 | -103.28-160.4 | 57.15+32.5 | 24.64 |
| FCF Margin | -33.7%-46.5pp | 12.8%+56.1pp | -43.3%-5.4pp | -38.0%-8.8pp | -29.2%-44.3pp | 15.1%+47.0pp | -31.9%-23.8pp | -8.1% |
Note: Shareholder equity is negative (-$259.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Graftech International's annual revenue?
Graftech International (EAF) reported $504.1M in total revenue for fiscal year 2025. This represents a -6.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Graftech International's revenue growing?
Graftech International (EAF) revenue declined by 6.4% year-over-year, from $538.8M to $504.1M in fiscal year 2025.
Is Graftech International profitable?
No, Graftech International (EAF) reported a net income of -$219.8M in fiscal year 2025, with a net profit margin of -43.6%.
What is Graftech International's earnings per share (EPS)?
Graftech International (EAF) reported diluted earnings per share of $-8.45 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Graftech International's EBITDA?
Graftech International (EAF) had EBITDA of -$15.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Graftech International have?
As of fiscal year 2025, Graftech International (EAF) had $138.4M in cash and equivalents against $1.1B in long-term debt.
What is Graftech International's gross margin?
Graftech International (EAF) had a gross margin of -3.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Graftech International's operating margin?
Graftech International (EAF) had an operating margin of -15.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Graftech International's net profit margin?
Graftech International (EAF) had a net profit margin of -43.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Graftech International pay dividends?
Yes, Graftech International (EAF) paid $0.02 per share in dividends during fiscal year 2025.
What is Graftech International's return on equity (ROE)?
Graftech International (EAF) has a return on equity of 84.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Graftech International's free cash flow?
Graftech International (EAF) generated -$120.5M in free cash flow during fiscal year 2025. This represents a -62.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Graftech International's operating cash flow?
Graftech International (EAF) generated -$81.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Graftech International's total assets?
Graftech International (EAF) had $1.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Graftech International's capital expenditures?
Graftech International (EAF) invested $38.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Graftech International spend on research and development?
Graftech International (EAF) invested $6.5M in research and development during fiscal year 2025.
How many shares does Graftech International have outstanding?
Graftech International (EAF) had 26M shares outstanding as of fiscal year 2025.
What is Graftech International's current ratio?
Graftech International (EAF) had a current ratio of 3.78 as of fiscal year 2025, which is generally considered healthy.
What is Graftech International's debt-to-equity ratio?
Graftech International (EAF) had a debt-to-equity ratio of -4.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Graftech International's return on assets (ROA)?
Graftech International (EAF) had a return on assets of -21.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Graftech International's cash runway?
Based on fiscal year 2025 data, Graftech International (EAF) had $138.4M in cash against an annual operating cash burn of $81.6M. This gives an estimated cash runway of approximately 20 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Graftech International's debt-to-equity ratio negative or unusual?
Graftech International (EAF) has negative shareholder equity of -$259.6M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Graftech International's Piotroski F-Score?
Graftech International (EAF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Graftech International's earnings high quality?
Graftech International (EAF) has an earnings quality ratio of 0.37x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Graftech International cover its interest payments?
Graftech International (EAF) has an interest coverage ratio of -0.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Graftech International?
Graftech International (EAF) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.