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

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