GrafTech International Ltd. (EAF) Stock

GrafTech International Ltd. (EAF) is a Industrials stock trading at $6.68 (as of 2026-08-20), with a market capitalization of $174.30M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. It offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes. The company sells its products primarily through direct sales force, independent sales representatives, and distributors. GrafTech International Ltd. was founded in 1886 and is headquartered in Brooklyn Heights, Ohio.

Understand GrafTech International Ltd.: how it makes money

GrafTech International makes graphite and carbon-based materials, especially graphite electrodes used to produce electric arc furnace steel, and sells them (and petroleum needle coke) to customers through a mix of direct sales, independent sales representatives, and distributors.

The profit engine is graphite electrode manufacturing, where profitability is driven by capacity utilization at its electrode facilities and the spread between average selling price per metric ton and cash costs per metric ton, with revenue and mix influenced by shipments under long-term versus non-long-term agreements.

Business quality (Mixed): Clear operating measurements are provided for electrode volume, capacity utilization, and pricing versus cash costs, but there is no clean product segment breakdown in the supplied data, and the latest quarter shows negative gross and operating margins.

Bull case

  • Electrode production is happening at meaningful scale: Graphite Electrode Production Volume is 29,000 (count), with Combined Capacity Utilization Rate (Three Primary Electrode Facilities) at 65%.
  • Pricing is measurable against cash costs: The company provides Average Selling Price per Metric Ton (3,900) and Cash Costs per Metric Ton (3,848), which helps track the core spread that drives results.

Bear case

  • Current profitability is negative: Gross margin is -12.0% and operating margin is -24.5% in the latest reported period.
  • Utilization is weak at one facility: St. Marys Capacity Utilization Rate is 47%, below the combined utilization across the three primary electrode facilities (65%).
Valuation — source: SEC EDGAR (first-party)
Price$6.68
Market Cap$174.30M
EV / EBITDA49.3
Price / Sales0.33
FCF Yield-136.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$504.13M
Net Margin-43.6%
Revenue Growth (YoY)-6.4%
EPS Growth (YoY)1556.9%
FCF Growth (YoY)62.0%
Financial Health — source: SEC EDGAR
Altman Z-Score-0.64 (distress)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($15.36M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorIndustrials
IndustryElectrical Equipment
CEOTimothy K. Flanagan
Employees1,072
CountryUS
IPO Date2018-04-19

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EAF earnings history · EAF institutional & insider holders · EAF KPIs & operating metrics · EAF financials · EAF investor presentations & press releases · EAF SEC filings · EAF peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.