What is GrafTech International Ltd.'s earnings per share (EPS)?

GrafTech International Ltd. (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.

GrafTech International Ltd. (EAF) Financials

EAF

Trailing 12 months to June 30, 2026

Revenue $512.9M +0.9% YoY

Net Income -$177.3M +16.3% YoY

EPS (Diluted) -$6.78 YoY not available

Free Cash Flow -$123.4M -3.6% YoY

Market Cap $171.7M as of Sep 12, 2026

Price / Sales 0.3x on $512.9M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 24, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 24, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EAF SEC filings page.

GrafTech International Ltd. (EAF) reported $512.9M in revenue over the twelve months to Jun 30, 2026, up 0.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI EAF FY2025 2026-08-29

GrafTech’s business mechanic shifted from high-margin cash generation to debt-heavy losses as its sales base contracted and fixed obligations persisted.

The key break is operational, not just financial: revenue fell from $1.28B in FY2022 to $504M in FY2025, shrinking the base supporting the cost structure. Over the same span, gross profit margin moved from 43.3% to -3.1%, showing that lower volume arrived alongside a severely impaired margin structure rather than a simple slowdown.

Profit and cash deteriorated together: FY2025 operating cash flow was -$81.6M and free cash flow was -$120.5M, so reported losses were accompanied by cash consumption after capital spending. That differs from FY2022, when operating cash flow was $324.6M, indicating the change is not confined to accounting charges.

The balance sheet is now structurally strained: FY2025 liabilities of $1.29B exceeded assets of $1.03B, leaving negative equity and making conventional leverage measures harder to interpret. Financing pressure is also visible in interest expense of $104.1M versus an operating loss of $77.1M, meaning debt service absorbed more than the operating business generated.

Financial Health Signals

Financial Health Score 22/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of GrafTech International Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

GrafTech International Ltd. has an operating margin of -15.3%, meaning the company loses $15 on every $100 of revenue. This results in a profitability score of 9/100. This is down from -14.0% the prior year.

Growth

GrafTech International Ltd.'s revenue declined 6.4% year-over-year, from $538.8M to $504.1M. This contraction results in a growth score of 10/100.

Leverage

Liquidity

With a current ratio of 3.78, GrafTech International Ltd. holds $3.78 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 86/100.

Cash Flow

GrafTech International Ltd.'s operations used $81.6M of cash, and capex of $38.9M added to the outflow, for a free cash flow shortfall of $120.5M. This results in a cash flow score of 9/100.

Returns

Altman Z-Score Distress

-0.64

GrafTech International Ltd. scores -0.64, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($171.7M) relative to total liabilities ($1.3B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

GrafTech International Ltd. 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.

Earnings Quality No Cash Backing

N/A

GrafTech International Ltd. reported a net loss of $219.8M while operations used $81.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

GrafTech International Ltd. reported an operating loss of $77.1M against $104.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$127.4M

YoY-3.4%

QoQ+1.8%

5Y CAGR-17.4%

10Y CAGR+1.0%

GrafTech International Ltd. generated $127.4M in revenue in Q2 2026. This represents a decrease of 3.4% from the same quarter a year earlier. Against the prior quarter it is up 1.8%.

EBITDA

$336K

YoY-66.7%

QoQ+102.2%

5Y CAGR-65.5%

GrafTech International Ltd.'s EBITDA was $336K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 66.7% from the same quarter a year earlier. Against the prior quarter it is up 102.2%.

Net Income

-$40.5M

YoY+53.4%

QoQ+6.5%

GrafTech International Ltd. reported -$40.5M in net income in Q2 2026. This represents an increase of 53.4% from the same quarter a year earlier. Against the prior quarter it is up 6.5%.

EPS (Diluted)

-$1.54

QoQ+7.2%

GrafTech International Ltd. earned -$1.54 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 7.2%.

Cash & Balance Sheet

Free Cash Flow

-$75.5M

YoY-32.1%

QoQ-178.7%

GrafTech International Ltd. recorded an outflow of $75.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 32.1% from the same quarter a year earlier. Against the prior quarter it is down 178.7%.

Cash & Debt

$145.4M

YoY-8.3%

QoQ+20.9%

5Y CAGR+5.0%

10Y CAGR+26.9%

GrafTech International Ltd. held $145.4M in cash against $1.2B in long-term debt as of Q2 2026.

Shares Outstanding

26M

QoQ+0.2%

5Y CAGR-37.2%

10Y CAGR+248.1%

GrafTech International Ltd. had 26M shares outstanding in Q2 2026. Against the prior quarter it is up 0.2%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

-0.3%

YoY-0.4pp

QoQ+11.7pp

5Y change-39.3pp

10Y change+7.0pp

GrafTech International Ltd.'s gross margin was -0.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.7 percentage points.

Operating Margin

-11.5%

YoY-0.4pp

QoQ+13.1pp

5Y change-27.2pp

GrafTech International Ltd.'s operating margin was -11.5% in Q2 2026, reflecting core business profitability. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.1 percentage points.

Net Margin

-31.8%

YoY+34.1pp

QoQ+2.8pp

5Y change-40.3pp

GrafTech International Ltd.'s net profit margin was -31.8% in Q2 2026, showing the share of revenue converted to profit. This is up 34.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.8 percentage points.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

R&D Spending

$1.5M

YoY+14.2%

QoQ+6.7%

5Y CAGR+8.6%

10Y CAGR+7.0%

GrafTech International Ltd. invested $1.5M in research and development in Q2 2026. This represents an increase of 14.2% from the same quarter a year earlier. Against the prior quarter it is up 6.7%.

Capital Expenditures

$6.9M

YoY+75.6%

QoQ-43.5%

5Y CAGR-10.4%

10Y CAGR+0.2%

GrafTech International Ltd. invested $6.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 75.6% from the same quarter a year earlier. Against the prior quarter it is down 43.5%.

Share Buybacks

Not reported for Q2 2026.

EAF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

EAF quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$512.9M	$504.1M-6.4%	$538.8M-13.2%	$620.5M-51.6%	$1.3B-4.8%	$1.3B+9.9%	$1.2B-31.6%	$1.8B-5.5%	$1.9B+244.2%	$550.8M+25.8%	$438.0M-17.8%	$533.0M-35.4%	$825.1M-29.3%	$1.2B-6.5%	$1.2B-5.4%	$1.3B
Cost of Revenue	N/A	N/A	N/A	N/A	$726.4M+3.6%	$701.3M+24.4%	$563.9M-24.9%	$750.4M+6.3%	$705.7M+52.4%	$463.1M+3.1%	$449.2M	N/A	$993.1M-3.4%	$1.0B+10.2%	$932.5M-6.3%	$995.6M
Gross Profit	-$29.4M	-$15.7M+21.0%	-$19.9M-154.8%	$36.2M-93.5%	$554.9M-13.9%	$644.5M-2.4%	$660.5M-36.5%	$1.0B-12.6%	$1.2B+1256.9%	$87.7M+390.1%	-$30.2M	N/A	-$167.9M-220.7%	$139.1M-56.0%	$315.8M-2.7%	$324.5M
R&D Expenses	$6.2M	$6.5M+13.5%	$5.7M+3.4%	$5.5M+51.6%	$3.6M-3.4%	$3.8M-5.1%	$4.0M+48.1%	$2.7M+26.1%	$2.1M-38.4%	$3.5M+36.4%	$2.5M	N/A	$14.8M+42.2%	$10.4M-24.3%	$13.8M-1.3%	$14.0M
SG&A Expenses	$53.9M	$54.9M+18.1%	$46.5M-37.2%	$74.0M-3.9%	$77.0M-42.0%	$132.6M+95.3%	$67.9M+6.7%	$63.7M+2.6%	$62.0M+18.1%	$52.5M-10.3%	$58.5M	N/A	$124.2M+11.8%	$111.0M-23.7%	$145.5M+0.7%	$144.6M
Operating Income	-$89.5M	-$77.1M-2.4%	-$75.2M+64.9%	-$214.4M-145.2%	$474.3M-6.7%	$508.1M-13.7%	$588.6M-39.6%	$974.0M-13.5%	$1.1B+3446.1%	$31.8M+133.7%	-$94.1M	N/A	-$255.6M-9846.3%	-$2.6M-101.6%	$156.5M-5.7%	$166.0M
EBITDA	N/A	-$15.4M-18.8%	-$13.0M+91.8%	-$157.5M-129.7%	$529.8M-7.7%	$573.8M-11.9%	$651.6M-37.1%	$1.0B-13.1%	$1.2B+1114.3%	$98.2M+973.6%	-$11.2M	N/A	-$135.9M-212.5%	$120.8M-49.3%	$238.1M-4.0%	$248.0M
Interest Expense	$97.4M	$104.1M+22.0%	$85.3M+46.9%	$58.1M+58.8%	$36.6M-46.8%	$68.8M-29.9%	$98.1M-23.0%	$127.3M-5.7%	$135.1M+338.2%	$30.8M+14.5%	$26.9M	N/A	$37.1M+2.8%	$36.0M+55.0%	$23.2M+27.0%	$18.3M
Income Tax	$8.4M	$49.4M+323.5%	-$22.1M-19.4%	-$18.5M-126.7%	$69.4M+1.9%	$68.1M-10.0%	$75.7M-23.0%	$98.2M+100.8%	$48.9M+553.8%	-$10.8M-42.8%	-$7.6M	N/A	-$9.4M+26.7%	-$12.8M-176.2%	$16.8M+270.3%	-$9.9M
Net Income	-$177.3M	-$219.8M-67.6%	-$131.2M+48.6%	-$255.3M-166.7%	$383.0M-1.4%	$388.3M-10.6%	$434.4M-41.7%	$744.6M-12.8%	$854.2M+10600.5%	$8.0M+103.4%	-$235.8M	N/A	-$285.4M-946.9%	-$27.3M-123.2%	$117.6M-23.2%	$153.2M
EPS (Basic)	N/A	-$8.45-66.0%	-$5.09+48.7%	-$9.93-770.9%	$1.48+1.4%	$1.46-9.9%	$1.62-37.2%	$2.58-10.1%	$2.87+9466.7%	$0.03+103.8%	-$0.78	N/A	-$2.10-950.0%	-$0.20-123.5%	$0.85-19.8%	$1.06
EPS (Diluted)	-$6.78	-$8.45	-$5.09+48.7%	-$9.93	$1.48+1.4%	$1.46-9.9%	$1.62-37.2%	$2.58-10.1%	$2.87+9466.7%	$0.03	-$0.78	N/A	-$2.10-950.0%	-$0.20-123.8%	$0.84-20.0%	$1.05
Diluted Shares (Avg)	N/A	26M	26M+0.2%	26M	259M-2.8%	266M-0.6%	268M-7.3%	289M-2.9%	298M-1.5%	302M	302M+120.4%	137M	136M+0.8%	135M-3.3%	140M-4.6%	146M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$127.4M-3.4%	$125.1M+11.9%	$116.5M-13.2%	$144.0M+10.2%	$131.8M-4.0%	$111.8M-18.1%	$134.2M-2.1%	$130.7M-17.8%
Gross Profit	-$422K-780.6%	-$15.0M-777.1%	-$24.3M-133.0%	$10.3M+185.4%	$62K-98.4%	-$1.7M-30.3%	-$10.4M+46.9%	-$12.1M-969.3%
R&D Expenses	$1.5M+14.2%	$1.4M-23.2%	$1.6M+16.0%	$1.6M+31.6%	$1.3M-6.8%	$1.9M+15.5%	$1.4M-24.5%	$1.2M-3.9%
SG&A Expenses	$12.6M-4.9%	$14.2M-2.7%	$13.2M+1.3%	$13.8M+5.5%	$13.3M+160.2%	$14.6M-4.3%	$13.1M-13.3%	$13.1M-28.4%
Operating Income	-$14.6M-0.2%	-$30.7M-68.4%	-$39.2M-57.3%	-$5.1M+80.5%	-$14.6M-443.2%	-$18.2M+14.8%	-$24.9M+88.0%	-$26.3M-44.9%
EBITDA	$336K-66.7%	-$15.6M-252.7%	-$23.4M-165.9%	$11.4M+236.4%	$1.0M-91.3%	-$4.4M+40.8%	-$8.8M+95.5%	-$8.3M-605.6%
Interest Expense	$24.4M-4.1%	$24.2M-18.9%	$24.3M-35.4%	$24.5M+48.6%	$25.4M+62.8%	$29.8M+91.0%	$37.6M+140.0%	$16.5M+5.0%
Income Tax	$1.7M-96.7%	$1.3M+118.2%	$5.3M+144.3%	$90K+101.7%	$51.2M+8749.8%	-$7.2M-71.7%	-$12.0M-55.7%	-$5.3M+48.0%
Net Income	-$40.5M+53.4%	-$43.3M-10.0%	-$65.1M-31.6%	-$28.5M+21.0%	-$86.9M-489.0%	-$39.4M-27.5%	-$49.5M+77.2%	-$36.1M-59.4%
EPS (Basic)	-$1.54+54.0%	-$1.66-9.2%	-$2.48-1205.3%	-$1.10+21.4%	-$3.35-5483.3%	-$1.52-1166.7%	-$0.19+77.4%	-$1.40-1455.6%
EPS (Diluted)	-$1.54	-$1.66	-$2.48	-$1.10	-$3.35	-$1.52	-$0.19+77.4%	-$1.40
Diluted Shares (Avg)	26M	26M	N/A	26M	26M	26M	N/A	26M

Not reported in any period shown, so not listed: Cost of Revenue.

EAF Balance Sheet

EAF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.0B-16.0%	$1.2B-5.0%	$1.3B-19.7%	$1.6B+13.6%	$1.4B-1.4%	$1.4B-6.1%	$1.5B+1.4%	$1.5B+25.6%	$1.2B+2.3%	$1.2B-17.6%	$1.4B-22.5%	$1.8B-17.3%	$2.2B-3.5%	$2.3B+6.0%	$2.2B
Current Assets	$484.5M-23.9%	$636.8M-5.6%	$674.8M-17.2%	$815.2M+29.8%	$627.9M-0.2%	$629.2M-7.8%	$682.6M+7.0%	$638.1M+80.0%	$354.5M+7.1%	$330.9M-22.5%	$426.9M-33.8%	$645.0M-16.8%	$775.7M-5.8%	$823.0M+12.4%	$732.0M
Cash & Equivalents	$138.4M-46.0%	$256.2M+44.9%	$176.9M+31.4%	$134.6M+134.1%	$57.5M-60.5%	$145.4M+79.7%	$80.9M+62.3%	$49.9M+273.2%	$13.4M+15.1%	$11.6M+67.6%	$6.9M-60.5%	$17.6M+47.6%	$11.9M0.0%	$11.9M-4.4%	$12.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$224.7M-2.8%	$231.2M-30.0%	$330.1M-26.3%	$447.7M+54.7%	$289.4M+8.8%	$266.0M-15.2%	$313.6M+6.8%	$293.7M+68.7%	$174.2M+11.6%	$156.1M-28.4%	$218.1M-43.0%	$382.9M-21.9%	$490.4M-4.4%	$513.1M+15.5%	$444.1M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$80.6M-2.2%	$82.4M-49.4%	$162.9M-18.4%	$199.6M-15.6%	$236.4M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	$0-100.0%	$171.1M0.0%	$171.1M0.0%	$171.1M0.0%	$171.1M0.0%	$171.1M0.0%	$171.1M0.0%	$171.1M0.0%	$171.1M-59.3%	$420.1M-15.4%	$496.8M-0.3%	$498.3M-0.1%	$498.7M
Total Liabilities	$1.3B-1.1%	$1.3B+7.6%	$1.2B-4.4%	$1.3B-8.8%	$1.4B-21.2%	$1.8B-20.5%	$2.2B-14.1%	$2.6B+340.7%	$585.9M-1.5%	$594.9M-2.7%	$611.5M-26.3%	$829.3M-7.6%	$897.1M-5.4%	$948.1M+14.4%	$828.4M
Current Liabilities	$128.2M-8.4%	$139.9M-26.6%	$190.5M-19.9%	$237.9M+1.4%	$234.6M+18.4%	$198.1M-10.0%	$220.2M-32.7%	$327.1M+115.3%	$152.0M+35.2%	$112.4M+16.9%	$96.1M-72.7%	$351.9M+63.0%	$215.9M-12.0%	$245.4M-11.5%	$277.3M
Non-Current Liabilities	$1.2B-0.3%	$1.2B+14.0%	$1.0B-0.8%	$1.0B-10.9%	$1.2B-26.2%	$1.6B-21.7%	$2.0B-11.4%	$2.3B+419.7%	$433.9M-10.1%	$482.5M-6.4%	$515.4M+8.0%	$477.4M-29.9%	$681.2M-3.1%	$702.7M+27.5%	$551.2M
Long-Term Debt	$1.1B+0.7%	$1.1B+17.4%	$925.5M+0.4%	$921.8M-10.5%	$1.0B-27.5%	$1.4B-21.7%	$1.8B-11.6%	$2.1B+535.0%	$322.9M-9.4%	$356.6M-1.6%	$362.5M+6.1%	$341.6M-36.9%	$541.6M+1.1%	$535.7M+38.2%	$387.6M
Total Equity	-$259.6M-229.1%	-$78.9M-200.8%	$78.2M-76.8%	$337.7M+1343.1%	$23.4M+107.1%	-$329.4M+52.3%	-$691.1M+35.8%	-$1.1B-275.6%	$613.2M+6.2%	$577.4M-28.8%	$810.5M-19.3%	$1.0B-23.9%	$1.3B-2.2%	$1.3B+0.7%	$1.3B
Retained Earnings	-$1.0B-27.7%	-$793.5M-19.8%	-$662.4M-64.8%	-$401.9M+45.2%	-$733.2M+31.5%	-$1.1B+26.2%	-$1.5B+23.3%	-$1.9B-624.3%	-$261.4M+3.0%	-$269.4M	N/A	-$245.8M-720.2%	$39.6M-40.8%	$66.9M+231.8%	-$50.8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.0B-6.2%	$997.2M-17.4%	$1.0B-16.0%	$1.1B-3.1%	$1.1B-4.4%	$1.2B-0.7%	$1.2B-5.0%	$1.1B-22.9%
Current Assets	$517.2M-8.7%	$466.2M-24.6%	$484.5M-23.9%	$569.8M+2.1%	$566.5M-2.8%	$618.5M-0.2%	$636.8M-5.6%	$558.0M-21.8%
Cash & Equivalents	$145.4M-8.3%	$120.2M-43.9%	$138.4M-46.0%	$177.6M+25.6%	$158.5M+31.3%	$214.3M+29.7%	$256.2M+44.9%	$141.4M-18.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$237.3M-7.3%	$223.1M-12.3%	$224.7M-2.8%	$243.3M-8.7%	$255.9M-16.0%	$254.3M-16.0%	$231.2M-30.0%	$266.5M-29.7%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.4B+8.4%	$1.3B-0.9%	$1.3B-1.1%	$1.3B+13.0%	$1.3B+11.7%	$1.3B+11.4%	$1.3B+7.6%	$1.2B-3.5%
Current Liabilities	$125.1M+9.3%	$140.1M-5.7%	$128.2M-8.4%	$135.0M-8.3%	$114.4M-17.2%	$148.6M-10.7%	$139.9M-26.6%	$147.2M-13.0%
Non-Current Liabilities	$1.3B+8.4%	$1.2B-0.3%	$1.2B-0.3%	$1.2B+16.2%	$1.2B+15.6%	$1.2B+15.1%	$1.2B+14.0%	$1.0B-2.0%
Long-Term Debt	$1.2B+9.9%	$1.1B+0.7%	$1.1B+0.7%	$1.1B+17.6%	$1.1B+17.5%	$1.1B+17.5%	$1.1B+17.4%	$929.3M+0.5%
Total Equity	-$345.6M-105.2%	-$304.4M-189.0%	-$259.6M-229.1%	-$194.4M-2060.0%	-$168.4M-1137.2%	-$105.3M-380.0%	-$78.9M-200.8%	-$9.0M-103.1%
Retained Earnings	-$1.1B-19.3%	-$1.1B-26.9%	-$1.0B-27.7%	-$947.8M-27.4%	-$919.3M-29.9%	-$832.5M-20.1%	-$793.5M-19.8%	-$744.0M-67.2%

Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.

EAF Cash Flow Statement

EAF quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$79.7M	-$81.6M-103.6%	-$40.1M-152.4%	$76.6M-76.4%	$324.6M-26.7%	$443.0M-21.4%	$563.6M-30.0%	$805.3M-3.7%	$836.6M+2187.5%	$36.6M+60.3%	$22.8M	N/A	$120.9M+3.5%	$116.8M+15.2%	$101.4M+32.4%	$76.6M
Depreciation & Amortization	N/A	$61.6M-1.0%	$62.2M+9.4%	$56.9M+2.5%	$55.5M-15.6%	$65.7M+4.4%	$63.0M+1.9%	$61.8M-6.9%	$66.4M0.0%	$66.4M-19.8%	$82.9M	N/A	$119.7M-3.0%	$123.4M+51.1%	$81.7M-0.4%	$82.0M
Stock-Based Compensation	N/A	$5.0M-17.9%	$6.0M+36.1%	$4.4M+91.8%	$2.3M-86.1%	$16.6M+524.1%	$2.7M+24.2%	$2.1M+86.4%	$1.2M	$0	$0-100.0%	$15.3M+174.3%	$5.6M-30.6%	$8.0M-16.3%	$9.6M+7.8%	$8.9M
Capital Expenditures	$43.7M	$38.9M+13.3%	$34.3M-36.5%	$54.0M-25.1%	$72.2M+23.9%	$58.3M+61.5%	$36.1M-43.7%	$64.1M-6.0%	$68.2M+96.8%	$34.7M+24.4%	$27.9M	N/A	$85.0M-1.6%	$86.3M-32.4%	$127.7M-18.4%	$156.6M
Free Cash Flow	-$123.4M	-$120.5M-62.0%	-$74.4M-430.4%	$22.5M-91.1%	$252.5M-34.4%	$384.8M-27.1%	$527.6M-28.8%	$741.2M-3.5%	$768.4M+40150.5%	$1.9M+137.9%	-$5.0M	N/A	$35.9M+17.8%	$30.5M+215.8%	-$26.3M+67.1%	-$80.0M
Investing Cash Flow	-$33.9M	-$38.3M-12.0%	-$34.2M+36.4%	-$53.8M+25.2%	-$72.0M-24.4%	-$57.9M-62.1%	-$35.7M+44.1%	-$63.9M+5.1%	-$67.3M-2960.3%	-$2.2M+79.0%	-$10.5M	N/A	-$79.0M+5.8%	-$83.8M+30.1%	-$120.0M+25.9%	-$162.0M
Financing Cash Flow	$99.9M	-$341K-100.2%	$155.7M+732.1%	$18.7M+110.6%	-$176.3M+62.6%	-$471.8M-1.7%	-$463.7M+34.7%	-$709.6M+2.9%	-$731.0M-2115.6%	-$33.0M-296.7%	-$8.3M	N/A	-$35.1M+6.8%	-$37.6M-256.1%	$24.1M-71.8%	$85.5M
Dividends Paid	N/A	$0	$0-100.0%	$5.1M-50.3%	$10.3M+38.8%	$7.4M-13.5%	$8.6M-58.3%	$20.6M-62.9%	$55.6M	$0	$0	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0	$0-100.0%	$60.0M+20.0%	$50.0M+66.1%	$30.1M+177.0%	$10.9M	$0	$0	$0	N/A	$894K-51.0%	$1.8M-98.2%	$103.4M+234.3%	$30.9M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$68.6M-28.9%	-$14.9M+53.6%	-$20.9M+20.9%	$24.7M+4.2%	-$53.2M-44.4%	-$32.2M-5972.8%	-$26.4M-384.3%	$23.7M-54.0%
Depreciation & Amortization	$14.9M-4.2%	$15.0M+9.2%	$15.8M-1.9%	$16.5M-8.0%	$15.6M+8.7%	$13.8M-0.7%	$16.1M+16.4%	$17.9M+5.8%
Stock-Based Compensation	N/A	$1.8M+217.1%	N/A	$1.0M-44.4%	$1.8M+12.5%	$580K-44.6%	N/A	$1.8M+12.5%
Capital Expenditures	$6.9M+75.6%	$12.1M+18.1%	$18.4M+43.6%	$6.3M+57.0%	$3.9M-44.0%	$10.3M-2.2%	$12.8M+122.4%	$4.0M-52.6%
Free Cash Flow	-$75.5M-32.1%	-$27.1M+36.2%	-$39.3M-0.1%	$18.4M-6.6%	-$57.1M-30.4%	-$42.5M-284.6%	-$39.2M-1207.9%	$19.7M-54.2%
Investing Cash Flow	-$6.9M-77.2%	-$2.8M+72.4%	-$18.1M-41.6%	-$6.1M-51.2%	-$3.9M+43.4%	-$10.3M+2.4%	-$12.8M-122.4%	-$4.0M+52.8%
Financing Cash Flow	$100.3M+371625.9%	-$373K-57.4%	-$31K-100.0%	-$46K-100.0%	-$27K-42.1%	-$237K-141.8%	$155.9M+92872.6%	-$23K+98.7%
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

Not reported in any period shown, so not listed: Share Buybacks.

EAF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

EAF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	-3.1%+0.6pp	-3.7%-9.5pp	5.8%-37.5pp	43.3%-4.6pp	47.9%-6.1pp	53.9%-4.1pp	58.1%-4.7pp	62.8%+46.9pp	15.9%+22.8pp	-6.9%	N/A	-20.3%-32.3pp	11.9%-13.4pp	25.3%+0.7pp	24.6%
Operating Margin	-15.3%-1.3pp	-14.0%+20.6pp	-34.6%-71.6pp	37.0%-0.7pp	37.8%-10.3pp	48.1%-6.3pp	54.4%-5.0pp	59.4%+53.6pp	5.8%+27.3pp	-21.5%	N/A	-31.0%-30.8pp	-0.2%-12.8pp	12.5%0.0pp	12.6%
Net Margin	-43.6%-19.3pp	-24.3%+16.8pp	-41.1%-71.0pp	29.9%+1.0pp	28.9%-6.6pp	35.5%-6.1pp	41.6%-3.5pp	45.1%+43.6pp	1.5%+55.3pp	-53.8%	N/A	-34.6%-32.2pp	-2.3%-11.8pp	9.4%-2.2pp	11.6%
Return on Equity	N/A	N/A	-326.2%-439.6pp	113.4%-1546.0pp	1659.4%	N/A	N/A	N/A	1.3%+42.1pp	-40.8%	N/A	-28.4%-26.4pp	-2.1%-10.8pp	8.7%-2.7pp	11.4%
Return on Assets	-21.4%-10.7pp	-10.7%+9.1pp	-19.8%-43.7pp	23.9%-3.6pp	27.5%-2.8pp	30.3%-18.5pp	48.8%-8.0pp	56.7%+56.1pp	0.7%+20.8pp	-20.1%	N/A	-15.6%-14.3pp	-1.2%-6.3pp	5.1%-1.9pp	7.1%
Current Ratio	3.78-0.8x	4.55+1.0x	3.54+0.1x	3.43+0.8x	2.68-0.5x	3.18+0.1x	3.10+1.1x	1.95-0.4x	2.33-0.6x	2.94-1.5x	4.44+2.6x	1.83-1.8x	3.59+0.2x	3.35+0.7x	2.64
Debt-to-Equity	N/A	N/A	11.83+9.1x	2.73-41.3x	43.99	N/A	N/A	N/A	0.53-0.1x	0.62+0.2x	0.45+0.1x	0.34-0.1x	0.410.0x	0.40+0.1x	0.29
Asset Turnover	0.490.0x	0.440.0x	0.48-0.3x	0.80-0.2x	0.95+0.1x	0.85-0.3x	1.17-0.1x	1.26+0.8x	0.46+0.1x	0.370.0x	0.37-0.1x	0.45-0.1x	0.530.0x	0.54-0.1x	0.61
FCF Margin	-23.9%-10.1pp	-13.8%-17.4pp	3.6%-16.1pp	19.7%-8.9pp	28.6%-14.5pp	43.1%+1.7pp	41.4%+0.9pp	40.5%+40.2pp	0.4%+1.5pp	-1.1%	N/A	4.3%+1.7pp	2.6%+4.7pp	-2.1%+4.0pp	-6.1%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	-0.3%-0.4pp	-12.0%-10.5pp	-20.9%-13.1pp	7.2%+16.4pp	0.1%-2.9pp	-1.5%-0.6pp	-7.8%+6.6pp	-9.2%-10.1pp
Operating Margin	-11.5%-0.4pp	-24.5%-8.2pp	-33.7%-15.1pp	-3.5%+16.6pp	-11.0%-9.1pp	-16.3%-0.6pp	-18.6%	-20.1%-8.7pp
Net Margin	-31.8%+34.1pp	-34.6%+0.6pp	-55.9%-19.1pp	-19.8%+7.8pp	-65.9%-55.2pp	-35.2%-12.6pp	-36.9%	-27.6%-13.4pp
Return on Assets	-3.9%+3.9pp	-4.3%-1.1pp	-6.3%-2.3pp	-2.6%+0.6pp	-7.8%-6.5pp	-3.3%-0.7pp	-4.0%+12.8pp	-3.2%-1.6pp
Current Ratio	4.13-0.8x	3.33-0.8x	3.78-0.8x	4.22+0.4x	4.95+0.7x	4.16+0.4x	4.55+1.0x	3.79-0.4x
Asset Turnover	0.120.0x	0.130.0x	0.110.0x	0.130.0x	0.120.0x	0.090.0x	0.110.0x	0.110.0x
FCF Margin	-59.3%-15.9pp	-21.6%+16.3pp	-33.7%-4.5pp	12.8%-2.3pp	-43.3%-11.4pp	-38.0%-29.9pp	-29.2%-31.8pp	15.1%-12.0pp

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

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.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
GrafTech International Ltd. EAF	FY2025	$504.1M	-$219.8M	-43.6%	$171.7M	22/100
Electrovaya Inc. ELVA	FY2025	N/A	N/A	N/A	$318.3M	—
T1 Energy Inc. TE	FY2025	$755.3M	-$381K	-0.1%	$1.4B	36/100
Stardust Power Inc. SDST	FY2025	N/A	-$3.8M	N/A	$2.1M	—
Tecogen Inc. TGEN	FY2025	$27.1M	-$8.2M	-30.5%	$92.1M	34/100
NOVONIX Limited NVX	FY2025	$5.6M	-$92.7M	N/A	$74.3M	14/100

Where GrafTech International Ltd. Ranks

Frequently Asked Questions

What is GrafTech International Ltd.'s annual revenue?

GrafTech International Ltd. (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 Ltd.'s revenue growing?

GrafTech International Ltd. (EAF) revenue declined by 6.4% year-over-year, from $538.8M to $504.1M in fiscal year 2025.

Is GrafTech International Ltd. profitable?

No, GrafTech International Ltd. (EAF) reported a net income of -$219.8M in fiscal year 2025, with a net profit margin of -43.6%.

What is GrafTech International Ltd.'s EBITDA?

GrafTech International Ltd. (EAF) had EBITDA of -$15.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does GrafTech International Ltd. have?

As of fiscal year 2025, GrafTech International Ltd. (EAF) had $138.4M in cash and equivalents against $1.1B in long-term debt.

What is GrafTech International Ltd.'s gross margin?

GrafTech International Ltd. (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 Ltd.'s operating margin?

GrafTech International Ltd. (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 Ltd.'s net profit margin?

GrafTech International Ltd. (EAF) had a net profit margin of -43.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is GrafTech International Ltd.'s free cash flow?

GrafTech International Ltd. (EAF) recorded an outflow of $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 Ltd.'s operating cash flow?

GrafTech International Ltd. (EAF) recorded an outflow of $81.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are GrafTech International Ltd.'s total assets?

GrafTech International Ltd. (EAF) had $1.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are GrafTech International Ltd.'s capital expenditures?

GrafTech International Ltd. (EAF) invested $38.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does GrafTech International Ltd. spend on research and development?

GrafTech International Ltd. (EAF) invested $6.5M in research and development during fiscal year 2025.

How many shares does GrafTech International Ltd. have outstanding?

GrafTech International Ltd. (EAF) had 26M shares outstanding as of fiscal year 2025.

What is GrafTech International Ltd.'s current ratio?

GrafTech International Ltd. (EAF) had a current ratio of 3.78 as of fiscal year 2025, which is generally considered healthy.

What is GrafTech International Ltd.'s return on assets (ROA)?

GrafTech International Ltd. (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 Ltd.'s P/E ratio?

GrafTech International Ltd. (EAF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $171.7M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is GrafTech International Ltd.'s price-to-sales ratio?

GrafTech International Ltd. (EAF) trades at 0.3x sales, its market capitalization divided by revenue of $512.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $171.7M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does GrafTech International Ltd.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, GrafTech International Ltd. (EAF) held $138.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $81.6M over that year. Dividing the one by the other, the reported balance equals about 20 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Why is GrafTech International Ltd.'s debt-to-equity ratio negative or not reported?

GrafTech International Ltd. (EAF) has negative shareholder equity of -$259.6M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Ltd.'s Altman Z-Score?

GrafTech International Ltd. (EAF) has an Altman Z-Score of -0.64, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is GrafTech International Ltd.'s Piotroski F-Score?

GrafTech International Ltd. (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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are GrafTech International Ltd.'s earnings high quality?

GrafTech International Ltd. (EAF) reported a net loss of $219.8M while operations used $81.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Ltd. cover its interest payments?

GrafTech International Ltd. (EAF) reported an operating loss of $77.1M against $104.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Ltd.?

GrafTech International Ltd. (EAF) scores 22 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.