GrafTech International Ltd.

EAF Industrials Electrical Equipment & Parts

GrafTech International Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $504.1 million, down 6.43% from fiscal 2024. In the quarter to June 2026, revenue fell 3.40%, EPS grew 54.7%, free cash flow fell 32.2% and total debt rose 9.88%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

7.10 0.26 −3.53%
Market cap
$192.0M
P/E
0.0×
Fwd P/E
−1.7×
Dividend yield
—
F-score
3/9
Altman Z
−0.53
Beneish M
n/a
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
Piotroski F-Score
4 8 6 6 6 6 5 4 3 3
P/E ratio
16.93 16.93 3.99 4.50 6.58 8.05 3.34 0.00 0.00 0.00
Altman Z-Score
— — 3.01 3.22 2.50 3.11 2.44 (0.06) 0.02 (0.53)
P/S ratio
4.86 4.86 1.80 1.88 2.33 2.34 0.99 0.86 0.83 0.80
Altman Z″-Score (non-manufacturers)
0.95 1.67 1.84 2.85 2.10 2.57 3.81 (0.26) 0.07 (1.65)
P/FCF ratio
31.15 31.15 4.43 4.53 5.41 8.18 5.03 23.40 0.00 0.00
P/Operating CF
31.07 31.07 15.18 15.23 19.43 31.49 25.40 57.28 (16.87) (19.30)
Beneish M-Score
— (2.89) (1.97) (2.61) (3.13) (2.56) (2.45) (0.82) — —
P/B ratio
0.00 0.00 0.00 0.00 0.00 134.59 3.76 6.80 0.00 0.00
Price to Tangible BV
0.00 0.00 0.00 0.00 0.00 0.00 7.63 0.00 0.00 0.00
EV/Sales
6.35 6.35 2.95 2.88 3.39 3.07 1.61 2.07 2.38 2.70
EV/EBITDA
14.30 14.30 4.70 4.97 6.37 7.21 3.91 0.00 0.00 0.00
EV/Operating CF
32.53 32.53 6.69 6.40 7.36 9.34 6.37 16.81 (31.94) (16.66)
EV/FCF
40.68 40.68 7.28 6.95 7.86 10.74 8.19 56.58 (17.23) (11.34)
Quick Ratio
0.82 0.86 0.91 1.49 1.66 1.13 1.18 1.46 2.50 1.65
Current Ratio
2.94 2.33 1.95 3.10 3.18 2.68 3.43 3.54 4.55 3.78
Net Debt/EBITDA
(31.48) 3.32 1.84 1.73 1.99 1.72 1.51 (4.79) (64.29) (62.00)
Debt/Assets
31.17% 28.30% 149.00% 122.85% 100.45% 74.00% 58.15% 72.26% 89.09% 106.41%
Debt/Equity
0.63 0.55 (2.08) (2.71) (4.37) 44.66 2.76 11.90 (13.82) (4.22)
Asset Turnover
0.34 0.46 1.40 1.18 0.83 0.95 0.85 0.43 0.43 0.45
Operating CF/Net income
(0.10) 4.58 0.98 1.08 1.30 1.14 0.85 (0.30) 0.31 0.37
Capex/Depreciation
(0.32) (0.44) (1.01) (1.03) (0.57) (0.88) (1.30) (0.95) (0.55) (0.62)
Interest Coverage
(3.50) 1.03 8.34 7.65 6.00 7.39 12.97 (3.69) (0.88) (0.74)
ROE
(33.99%) 1.34% (368.55%) (84.24%) (85.13%) (253.82%) 212.10% (122.73%) 40,050.38% 129.88%
ROA
(18.18%) 0.67% 63.17% 49.12% 29.36% 27.30% 25.39% (17.65%) (10.44%) (19.51%)
ROIC
(6.32%) 2.11% 63.04% 55.20% 38.15% 31.41% 26.09% (16.09%) (6.22%) (6.91%)
Return on Tangible Assets
(32.42%) 1.12% 103.59% 76.34% 46.34% 43.40% 34.93% (25.36%) (13.39%) (25.98%)
Average Days of Receivables
67.15 77.43 47.80 50.35 54.45 56.29 41.47 59.64 63.39 53.02
Research and Development Expense of Revenue
0.58% 0.63% 0.11% 0.15% 0.32% 0.28% 0.28% 0.89% 1.06% 1.28%
Selling, General and Administrative Expense of Revenue
13.36% 9.53% 3.27% 3.56% 5.55% 9.85% 6.01% 11.93% 8.63% 10.89%
Intangible Assets out of Total Assets
0.15 0.14 0.11 0.11 0.12 0.12 0.11 0.00 0.00 0.00
Share Based Compensation of Revenue
0.00% 0.00% 0.00% 0.12% 0.22% 1.24% 0.18% 0.71% 1.12% 0.98%
Graham Net Nets
(0.25) (0.25) (0.57) (0.46) (0.40) (0.24) (0.36) (1.01) (1.49) (1.99)
Graham Number
0.00 10.98 0.00 0.00 0.00 17.05 65.70 0.00 18.75 43.70
Earnings Yield
5.91% 5.91% 25.09% 22.20% 15.20% 12.43% 29.94% (48.31%) (29.48%) (54.80%)
Free Cash Flow Yield
3.21% 3.21% 22.59% 22.07% 18.49% 12.23% 19.88% 4.27% (16.67%) (29.74%)
Revenue per Share
14.49 18.22 63.68 61.95 45.70 50.55 49.51 24.13 20.91 19.39
Operating CF per Share
0.75 1.21 28.10 27.86 21.04 16.64 12.54 2.98 (1.56) (3.14)
Capex per Share
(0.88) (0.97) (2.26) (2.21) (1.33) (2.17) (2.78) (2.09) (1.33) (1.47)
Free Cash Flow per Share
(0.13) 0.24 25.84 25.65 19.71 14.47 9.76 0.88 (2.88) (4.61)
Cash per Share
0.38 0.44 1.68 2.80 5.43 2.16 5.20 6.88 9.94 5.32
Shareholders Equity per Share
19.10 20.29 (36.16) (23.91) (12.29) 0.88 13.05 3.04 (3.06) (9.98)
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
19.10 20.29 (36.16) (23.91) (12.29) 0.88 13.05 3.04 (3.06) (9.98)
Free Cash Flow
(3.92) 7.12 769.31 741.43 527.95 385.18 252.66 22.74 (74.30) (119.95)
Working Capital
218.53 202.58 310.92 462.37 431.07 393.29 577.38 484.25 496.87 356.34
Capital Expenditures
(26.74) (29.45) (67.29) (63.88) (35.70) (57.86) (71.97) (53.82) (34.21) (38.33)
Net Current Asset Value
(263.96) (231.35) (1,944.21) (1,534.66) (1,132.93) (761.06) (451.23) (535.85) (666.38) (803.88)
EV/EBIT
17.10 17.10 4.97 5.29 7.05 8.14 4.36 0.00 0.00 0.00
Capex to Sales
0.06 0.05 0.04 0.04 0.03 0.04 0.06 0.09 0.06 0.08
Price to Operating Income
13.10 13.10 3.02 3.45 4.85 6.20 2.68 0.00 0.00 0.00
Other line items
Depreciation/Fixed assets
0.16 0.13 0.13 0.12 0.12 0.13 0.11 0.11 0.13 0.13
Cash ROIC
(0.41%) 0.74% 63.25% 58.63% 42.06% 34.21% 17.98% 1.92% (5.86%) (12.32%)
Accounts Receivable Turnover
5.38 5.58 10.38 7.23 5.70 6.90 7.26 5.03 5.53 6.04
Accounts Payable Turnover
10.66 7.93 8.98 9.00 7.53 7.46 6.60 6.27 7.16 7.43
Inventory Turnover
2.50 2.80 3.02 2.47 1.95 2.53 1.97 1.50 1.99 2.28
Average Days of Payables
37.16 54.48 45.57 38.28 45.95 60.95 51.84 52.02 47.59 47.06
Days of Inventory on Hand
121.70 137.27 151.92 152.56 172.16 150.63 224.99 206.24 151.09 157.77
Average Receivables
81.48 98.70 182.56 247.67 214.85 195.10 176.56 123.48 97.48 83.41
Average Payables
43.91 58.39 78.60 83.40 74.84 94.05 110.13 93.21 78.05 69.93
Average Inventory
187.12 165.13 233.93 303.68 289.81 277.70 368.59 388.94 280.69 227.97
Average Assets
1,297.15 1,185.69 1,352.30 1,515.83 1,479.44 1,422.52 1,508.25 1,446.53 1,256.58 1,126.53
Average Common Equity
693.96 595.30 (231.78) (883.92) (510.23) (152.99) 180.56 207.98 (0.33) (169.26)

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