NYSE : EAF
GrafTech International Ltd. — Financial statements
Industrials · Electrical Equipment & Parts · United States
Last price 12.05 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 324.11M
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Financial statements
GrafTech International Ltd. (EAF) reported revenue of 509.08M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 509.08M | 504.13M | 538.78M | 620.50M | 1.28B | 1.35B |
| Cost of Revenue | 541.51M | 519.81M | 555.98M | 584.29M | 726.37M | 701.34M |
| Gross Profit | -32.42M | -15.68M | -17.20M | 36.21M | 554.88M | 644.45M |
| Selling, General & Admin | 49.64M | 51.51M | 56.05M | 77.78M | 67.03M | 127.31M |
| Research & Development | 6.05M | 6.47M | 5.71M | 5.52M | 3.64M | 3.77M |
| Operating Expenses | 55.69M | 57.98M | 61.76M | 83.30M | 70.67M | 131.08M |
| Operating Income | -88.11M | -73.66M | -78.96M | -47.09M | 484.21M | 513.37M |
| Interest Expense | -98.76M | -104.06M | -85.31M | -58.09M | -36.57M | -68.76M |
| Interest & Investment Income | 4.15M | 6.63M | 5.70M | 3.44M | 4.48M | 872.00K |
| Currency Exchange Gain (Loss) | -2.25M | -2.25M | 1.95M | -710.00K | -28.00K | |
| Other Non Operating Income (Expenses) | 13.35M | 2.89M | -36.00K | -198.00K | 225.00K | -589.00K |
| EBT Excluding Unusual Items | -171.63M | -170.44M | -156.66M | -102.65M | 452.32M | 444.89M |
| Merger & Restructuring Charges | -15.57M | -5.81M | ||||
| Impairment of Goodwill | -171.12M | |||||
| Legal Settlements | 9.20M | |||||
| Other Unusual Items | 11.51M | |||||
| Pretax Income | -187.21M | -170.44M | -153.27M | -273.76M | 452.32M | 456.41M |
| Income Tax Expense | 8.43M | 49.39M | -22.10M | -18.51M | 69.36M | 68.08M |
| Earnings From Continuing Operations | -195.63M | -219.84M | -131.16M | -255.25M | 382.96M | 388.33M |
| Net Income | -195.63M | -219.84M | -131.16M | -255.25M | 382.96M | 388.33M |
| Net Income to Common | -195.63M | -219.84M | -131.16M | -255.25M | 382.96M | 388.33M |
| Shares Outstanding (Basic) | 26.30M | 26.00M | 25.77M | 25.71M | 25.88M | 26.63M |
| Shares Outstanding (Diluted) | 26.30M | 26.00M | 25.77M | 25.71M | 25.88M | 26.63M |
| EPS (Basic) | -7.44 | -8.45 | -5.09 | -9.93 | 14.80 | 14.59 |
| EPS (Diluted) | -7.44 | -8.45 | -5.09 | -9.93 | 14.80 | 14.59 |
| Free Cash Flow | -158.11M | -120.50M | -74.40M | 22.52M | 252.46M | 384.78M |
| Free Cash Flow Per Share | -6.01 | -4.63 | -2.89 | 0.88 | 9.76 | 14.45 |
| Dividend Per Share | 0.20 | 0.40 | 0.40 | |||
| Gross Margin | -6.37% | -3.11% | -3.19% | 5.84% | 43.31% | 47.89% |
| Operating Margin | -17.31% | -14.61% | -14.66% | -7.59% | 37.79% | 38.15% |
| Profit Margin | -38.43% | -43.61% | -24.34% | -41.14% | 29.89% | 28.85% |
| Free Cash Flow Margin | -31.06% | -23.90% | -13.81% | 3.63% | 19.70% | 28.59% |
| EBITDA | -28.78M | -12.01M | -16.71M | 9.80M | 539.71M | 579.09M |
| EBITDA Margin | -5.65% | -2.38% | -3.10% | 1.58% | 42.12% | 43.03% |
| D&A For EBITDA | 59.34M | 61.64M | 62.24M | 56.89M | 55.50M | 65.72M |
| EBIT | -88.11M | -73.66M | -78.96M | -47.09M | 484.21M | 513.37M |
| EBIT Margin | -17.31% | -14.61% | -14.66% | -7.59% | 37.79% | 38.15% |
| Effective Tax Rate | 15.33% | 14.92% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 134.31M | 138.43M | 256.25M | 176.88M | 134.64M | 57.51M |
| Cash & Short-Term Investments | 134.31M | 138.43M | 256.25M | 176.88M | 134.64M | 57.51M |
| Accounts Receivable | 77.82M | 73.23M | 93.58M | 101.39M | 145.57M | 208.75M |
| Other Receivables | 39.42M | 40.86M | ||||
| Receivables | 77.82M | 73.23M | 93.58M | 101.39M | 184.99M | 249.61M |
| Inventory | 247.60M | 240.53M | 245.43M | 345.39M | 460.73M | 301.84M |
| Prepaid Expenses | 59.47M | 7.35M | 11.26M | 11.18M | 15.26M | 8.19M |
| Other Current Assets | 16.00K | 24.99M | 30.29M | 39.96M | 19.60M | 10.70M |
| Total Current Assets | 519.22M | 484.53M | 636.80M | 674.79M | 815.23M | 627.86M |
| Property, Plant & Equipment | 452.82M | 494.32M | 488.96M | 527.12M | 524.89M | 509.12M |
| Long-Term Investments | 9.65M | 6.06M | ||||
| Goodwill | 171.12M | 171.12M | ||||
| Other Intangible Assets | 21.92M | 27.05M | 34.40M | 42.37M | 51.55M | 61.68M |
| Long-Term Deferred Tax Assets | 9.23M | 9.32M | 53.14M | 31.54M | 11.96M | 26.19M |
| Other Long-Term Assets | 19.23M | 13.56M | 10.98M | 13.06M | 19.79M | 10.29M |
| Total Assets | 1.02B | 1.03B | 1.22B | 1.29B | 1.60B | 1.41B |
| Accounts Payable | 67.73M | 67.02M | 72.83M | 83.27M | 103.16M | 117.11M |
| Accrued Expenses | 67.13M | 51.27M | 42.04M | 57.47M | 57.90M | 39.71M |
| Current Portion of Long-Term Debt | 134.00K | 124.00K | 2.87M | |||
| Current Portion of Leases | 1.86M | 2.17M | 2.65M | 3.58M | 4.11M | |
| Current Income Taxes Payable | 9.66M | 8.05M | 9.64M | 10.02M | 40.59M | 57.10M |
| Current Unearned Revenue | 11.22M | 31.58M | 27.88M | 9.84M | ||
| Other Current Liabilities | 1.77M | 2.02M | 5.42M | 4.63M | 3.83M | |
| Total Current Liabilities | 146.30M | 128.19M | 139.93M | 190.54M | 237.85M | 234.57M |
| Long-Term Debt | 1.20B | 1.09B | 1.09B | 925.51M | 921.80M | 1.03B |
| Long-Term Leases | 2.91M | 4.33M | 2.75M | 2.30M | 3.53M | |
| Long-Term Unearned Revenue | 4.30M | |||||
| Pension & Post-Retirement Benefits | 29.58M | 32.89M | 38.68M | 34.76M | 45.74M | |
| Long-Term Deferred Tax Liabilities | 25.20M | 25.13M | 23.97M | 33.21M | 45.06M | 40.67M |
| Other Long-Term Liabilities | 38.54M | 7.89M | 15.15M | 19.95M | 24.68M | 26.14M |
| Total Liabilities | 1.41B | 1.29B | 1.30B | 1.21B | 1.27B | 1.39B |
| Common Stock | 2.60M | 2.58M | 2.57M | 2.57M | 2.57M | 2.63M |
| Additional Paid-In Capital | 768.48M | 759.71M | 755.34M | 749.53M | 745.16M | 761.41M |
| Retained Earnings | -1.14B | -1.01B | -793.45M | -662.39M | -401.94M | -733.20M |
| Comprehensive Income & Other | -15.57M | -8.97M | -43.36M | -11.46M | -8.07M | -7.44M |
| Shareholders' Equity | -388.17M | -259.63M | -78.90M | 78.25M | 337.71M | 23.40M |
| Total Liabilities & Equity | 1.02B | 1.03B | 1.22B | 1.29B | 1.60B | 1.41B |
| Total Debt | 1.20B | 1.10B | 1.09B | 931.05M | 927.81M | 1.04B |
| Net Cash (Debt) | -1.07B | -961.05M | -837.16M | -754.17M | -793.16M | -986.95M |
| Net Cash Per Share | -40.54 | -36.96 | -32.49 | -29.33 | -30.65 | -37.06 |
| Filing Date Shares Outstanding | 26.90M | 25.82M | 25.73M | 25.68M | 25.66M | 26.33M |
| Total Common Shares Outstanding | 26.90M | 25.82M | 25.73M | 25.68M | 25.66M | 26.33M |
| Working Capital | 372.92M | 356.34M | 496.87M | 484.25M | 577.38M | 393.29M |
| Book Value Per Share | -14.43 | -10.06 | -3.07 | 3.05 | 13.16 | 0.89 |
| Tangible Book Value | -410.09M | -286.68M | -113.30M | 35.87M | 115.05M | -209.40M |
| Tangible Book Value Per Share | -15.25 | -11.10 | -4.40 | 1.40 | 4.48 | -7.95 |
| Land | 52.23M | 49.21M | 49.96M | 48.48M | 49.20M | |
| Buildings | 92.66M | 85.87M | 87.82M | 82.05M | 79.66M | |
| Machinery | 788.91M | 731.78M | 717.00M | 655.82M | 621.81M | |
| Construction In Progress | 53.15M | 43.38M | 65.66M | 82.81M | 64.63M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -195.63M | -219.84M | -131.16M | -255.25M | 382.96M | 388.33M |
| Depreciation & Amortization | 59.34M | 61.64M | 62.24M | 56.89M | 55.50M | 65.72M |
| Asset Writedown & Restructuring Costs | 14.02M | 171.12M | ||||
| Stock-Based Compensation | 5.66M | 4.95M | 6.04M | 4.43M | 2.31M | 16.63M |
| Other Operating Activities | 40.17M | 77.42M | -12.13M | -3.79M | 6.57M | 15.50M |
| Change in Accounts Receivable | 9.81M | 23.82M | 4.52M | 45.68M | 60.51M | -28.93M |
| Change in Inventory | -24.85M | -8.59M | 68.83M | 107.80M | -153.58M | -28.16M |
| Change in Accounts Payable | 8.35M | -18.27M | -39.50M | -23.88M | 7.75M | 66.59M |
| Change in Income Taxes | -958.00K | -123.00K | -1.55M | -27.20M | -15.03M | 5.67M |
| Change in Other Net Operating Assets | -16.01M | -2.64M | 2.62M | 762.00K | -22.36M | -58.31M |
| Operating Cash Flow | -112.89M | -81.62M | -40.09M | 76.56M | 324.63M | 443.04M |
| Capital Expenditures | -45.23M | -38.88M | -34.31M | -54.04M | -72.17M | -58.26M |
| Sale of Property, Plant & Equipment | 10.14M | 554.00K | 100.00K | 220.00K | 195.00K | 397.00K |
| Investing Cash Flow | -35.09M | -38.33M | -34.21M | -53.82M | -71.97M | -57.86M |
| Long-Term Debt Issued | 175.00M | 438.55M | ||||
| Total Debt Issued | 100.00M | 175.00M | 438.55M | |||
| Long-Term Debt Repaid | -111.00K | -219.00K | -433.88M | -110.12M | -400.14M | |
| Total Debt Repaid | -137.00K | -111.00K | -219.00K | -433.88M | -110.12M | -400.14M |
| Net Debt Issued (Repaid) | 99.86M | -111.00K | 174.78M | 4.67M | -110.12M | -400.14M |
| Issuance of Common Stock | 5.07M | 225.00K | 351.00K | |||
| Repurchase of Common Stock | -350.00K | -230.00K | -118.00K | -129.00K | -60.23M | -54.08M |
| Common Dividends Paid | -5.13M | -10.33M | -10.64M | |||
| Other Financing Activities | -18.95M | 19.30M | 4.19M | -7.28M | ||
| Financing Cash Flow | 104.59M | -341.00K | 155.72M | 18.71M | -176.27M | -471.79M |
| Foreign Exchange Rate Adjustments | 65.00K | 2.47M | -2.05M | 783.00K | 736.00K | -1.32M |
| Net Cash Flow | -43.32M | -117.82M | 79.37M | 42.24M | 77.13M | -87.93M |
| Free Cash Flow | -158.11M | -120.50M | -74.40M | 22.52M | 252.46M | 384.78M |
| Free Cash Flow Margin | -31.06% | -23.90% | -13.81% | 3.63% | 19.70% | 28.59% |
| Free Cash Flow Per Share | -6.01 | -4.63 | -2.89 | 0.88 | 9.76 | 14.45 |
| Levered Free Cash Flow | -77.65M | -60.30M | -1.37M | 77.79M | 161.73M | 254.12M |
| Unlevered Free Cash Flow | -15.92M | 4.73M | 51.96M | 114.09M | 184.59M | 297.09M |
| Cash Income Tax Paid | 7.62M | 6.16M | 4.91M | 43.33M | 67.12M | 63.79M |
| Change in Working Capital | -23.66M | -5.80M | 34.92M | 103.16M | -122.71M | -43.14M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 320.08M | 400.47M | 444.90M | 562.41M | 1.22B | 3.11B |
| Enterprise Value | 1.39B | 1.32B | 1.23B | 1.31B | 2.02B | 4.16B |
| Last Close Price | 11.90 | 15.51 | 17.30 | 21.90 | 47.41 | 117.15 |
| PE Ratio | 3.19 | 8.02 | ||||
| Forward PE | 149.00 | 149.00 | 149.00 | 5.77 | 6.16 | |
| PS Ratio | 0.63 | 0.79 | 0.83 | 0.91 | 0.95 | 2.31 |
| PB Ratio | -1.54 | -5.64 | 7.19 | 3.62 | 133.06 | |
| P/TBV Ratio | 15.68 | 10.62 | ||||
| P/FCF Ratio | 24.97 | 4.84 | 8.09 | |||
| P/OCF Ratio | 7.35 | 3.76 | 7.03 | |||
| EV/Sales Ratio | 2.72 | 2.61 | 2.29 | 2.12 | 1.58 | 3.09 |
| EV/EBITDA Ratio | 134.12 | 3.75 | 7.19 | |||
| EV/EBIT Ratio | 4.18 | 8.11 | ||||
| EV/FCF Ratio | 58.35 | 8.01 | 10.82 | |||
| Debt / Equity Ratio | -3.09 | -4.24 | -13.86 | 11.90 | 2.75 | 44.63 |
| Debt / EBITDA Ratio | 59.84 | 1.70 | 1.78 | |||
| Debt / FCF Ratio | 41.34 | 3.67 | 2.71 | |||
| Net Debt / Equity Ratio | -2.75 | -3.70 | -10.61 | 9.64 | 2.35 | 42.17 |
| Net Debt / EBITDA Ratio | -37.05 | -80.00 | -50.09 | 76.97 | 1.47 | 1.70 |
| Net Debt / FCF Ratio | -6.74 | -7.97 | -11.25 | 33.49 | 3.14 | 2.56 |
| Asset Turnover | 0.48 | 0.45 | 0.43 | 0.43 | 0.85 | 0.95 |
| Inventory Turnover | 2.21 | 2.14 | 1.88 | 1.45 | 1.91 | 2.42 |
| Quick Ratio | 1.45 | 1.65 | 2.50 | 1.46 | 1.34 | 1.31 |
| Current Ratio | 3.55 | 3.78 | 4.55 | 3.54 | 3.43 | 2.68 |
| Return on Equity (ROE) | -122.73% | 212.10% | ||||
| Return on Assets (ROA) | -5.17% | -4.09% | -3.93% | -2.04% | 20.06% | 22.56% |
| Return on Invested Capital (ROIC) | -9.82% | -7.42% | -8.24% | -4.80% | 38.29% | 38.91% |
| Return on Capital Employed (ROCE) | -10.10% | -8.20% | -7.30% | -4.30% | 35.40% | 43.60% |
| Earnings Yield | -62.51% | -54.89% | -29.48% | -45.38% | 31.35% | 12.47% |
| FCF Yield | -49.40% | -30.09% | -16.72% | 4.00% | 20.67% | 12.36% |
| Dividend Yield | 0.91% | 0.84% | 0.34% | |||
| Payout Ratio | 2.70% | 2.74% | ||||
| Buyback Yield / Dilution | -1.65% | -0.92% | -0.22% | 0.65% | 2.83% | 0.60% |
| Total Shareholder Return | -1.65% | -0.92% | -0.22% | 1.56% | 3.67% | 0.94% |