Company Analysis

GrafTech International Ltd. (EAF)

NYSE: EAF · Electrical Industrial Apparatus · Brooklyn Heights, OH · filing with the SEC since 1996
Grade3.7
◀ Past 4.8● Present 3.2▶ Future 3.1
1 est.

The grade of GrafTech International Ltd.

Nine metrics read from its own filings, by tense
Headline grade
3.7/10
◀ Past4.830% of the headline
● Present3.240% of the headline
▶ Future3.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.8/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.9/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2025-04-18.

weight 33% of this tense · 39th percentile among 9 sector filers · read for itself

From the record

GrafTech International Ltd.'s filings since 2017 show 2 warning events: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2025-04-18) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.0/10

What has it actually done, year after year?

-1.1% a year over 9 filed years; profitable in 6 of 9.

weight 45% of this tense · 40th percentile among 7 sector filers · read for its customers

From the record

GrafTech International Ltd.'s 9 filed years say what it did: revenue went from $551 million in fiscal 2017 to $504 million in fiscal 2025, down 1.1% a year; it rose in 2 of 8 years; the deepest fall was 73% from fiscal 2018 to fiscal 2025; net income was positive in 6 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-1.1%bottom 25% of its family
  • the share of years revenue rosebottom 21% of its family
  • the share of filed years with a profittop 21% of its family
  • the deepest fall from a revenue peak73.4%bottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
7.9/10

How has it treated the people who own it?

SI estimate 7.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 79th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 21% of 8 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 8 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: GrafTech International Ltd.'s shareholder treatment is put at 7.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 21% of 8 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.2/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
3.4/10

Is it financially healthy right now?

Leverage 125%: owes 125¢ per asset dollar.

weight 45% of this tense · 34th percentile among 8 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, GrafTech International Ltd.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned less than nothing, about minus 2 cents per dollar of everything the company owns. Leverage: it owed about 125 cents per dollar of assets, and net share issuance: its share count grew 0.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 6% of its family
  • gross profit against assetsbottom 31% of its family
  • the share count against the year beforetop 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.1/10

How strong is its position in its industry?

bottom 31% of 7 in its family; net margin -43.6%.

weight 33% of this tense · 31st percentile among 7 sector filers · read for its customers

From the record

GrafTech International Ltd.'s standing among 7 graded names in its industry family: revenue of $504 million in fiscal 2025 ranks in the bottom 36% by size; a net margin of -43.6% ranks in the top 50%; revenue growth of -26.7% a year over the last 3 filed years ranks in the bottom 7% (its annual reports).

What it rests on

  • revenue against the family$504Mbottom 36% of its family
  • net margin-43.6%top 50% of its family
  • three-year revenue growth-26.7%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.9/10

What are the people in charge doing?

bottom 29% of 5 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 29th percentile among 5 sector filers · read for its shareholders

From the record

GrafTech International Ltd.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Flanagan, Timothy K (CEO and President, as filed), filing under that title since 2024-02-27, 2.7 years (bottom 13% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 5 years (top 50%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge10 in three years among 12 peoplebottom 25% of its family
  • the median years the people in charge have filed5.0 yearstop 50% of its family
  • the chief executive's years on the record2.7 yearsbottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.5/10

How much room does it have to grow?

bottom 25% of 7 in its family for room to expand.

weight 45% of this tense · 25th percentile among 7 sector filers · read for itself

From the record

GrafTech International Ltd.'s room to grow, from the newest filed statements (fiscal 2025): cash of $138 million against debt of $1.1 billion leaves -93% of its assets as net cash, bottom 6% of its family; cash from operations less capital spending is -23.9% of revenue (top 50%); a gross margin of -3.1% (bottom 36%); research spending of 1.3% of revenue (bottom 8%) (its annual report).

What it rests on

  • cash less debt against assets-93.0%bottom 6% of its family
  • cash from operations less capital spending against revenue-23.9%top 50% of its family
  • gross margin-3.1%bottom 36% of its family
  • research spending against revenue1.3%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.0/10

What could actually drive growth from here?

bottom 40% of 7 in its family for growth drivers.

weight 33% of this tense · 40th percentile among 7 sector filers · read for its customers

From the record

GrafTech International Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew -26.7% a year over the last three filed years against -1.1% over all 9, slowing (bottom 25% of its family); the newest year grew -6.4% (bottom 8%); research spending grew 21.1% a year (top 21%); capital spending grew -18.6% a year (top 50%) (its annual reports). GrafTech International Ltd. reported 2 product lines in fiscal 2025: Graphite Electrodes at $461 million (91%), By Products and Other at $43 million (9%); 0 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-25.6 points a yearbottom 25% of its family
  • the newest year's revenue growth-6.4%bottom 8% of its family
  • three-year growth of research spending21.1%top 21% of its family
  • three-year growth of capital spending-18.6%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.1/10

Did its newest year beat what its own record pointed to?

bottom 31% of 6 in its family for expectations against reality.

weight 22% of this tense · 31st percentile among 6 sector filers · read for its shareholders

From the record

GrafTech International Ltd.'s newest year against its own record: revenue of $504 million in fiscal 2025 came in 44.2% above the $349 million its prior three years' pace pointed to (top 42% of its family); net income of $220 million against a prior three-year average of $1 million (bottom 8%); a net margin of -43.6% against -11.9% before (bottom 25%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace44.2%top 42% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 8% of its family
  • net margin against its prior average-31.7 pointsbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton EAF · research, not advice