Graftech International LTD income statement
In fiscal 2025, Graftech International LTD reported revenue of $504m, down 6.4% on the year before, operating income of −$77.1m (a -15.3% margin) and net income of −$220m, or −$8.45 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 659 | 1,007 | 1,320 | 1,248 | 1,167 | 825 | 533 | 438 | 551 | 1,896 | 1,791 | 1,224 | 1,346 | 1,281 | 621 | 539 | 504 | 509 |
| Cost of revenue | 469 | 718 | 996 | 932 | 1,028 | 993 | — | 449 | 463 | 706 | 750 | 564 | 701 | 726 | — | — | — | — |
| Gross profit | 190 | 289 | 325 | 316 | 139 | 92 | — | −30 | 88 | 1,190 | 1,040 | 660 | 644 | 555 | 36 | −20 | −16 | −34 |
| Research and development | 9 | 12 | 14 | 14 | 10 | 15 | — | 3 | 3 | 2 | 3 | 4 | 4 | 4 | 6 | 6 | 6 | 6 |
| Selling, general and administrative | 80 | 119 | 145 | 146 | 111 | 124 | — | 59 | 53 | 62 | 64 | 68 | 133 | 77 | 74 | 47 | 55 | 53 |
| Operating income | 100 | 158 | 166 | 156 | −3 | −256 | — | −94 | 32 | 1,126 | 974 | 589 | 508 | 474 | −214 | −75 | −77 | −107 |
| Interest expense | 6 | 5 | 18 | 23 | 36 | 37 | — | 27 | 31 | 135 | 127 | 98 | 69 | 37 | 58 | 85 | 104 | 99 |
| Income before tax | 38 | 174 | 143 | 134 | −40 | −295 | — | −116 | 3 | 903 | 843 | 510 | 456 | 452 | −274 | −153 | −170 | −187 |
| Income tax | 23 | −1 | −10 | 17 | −13 | −9 | — | −8 | −11 | 49 | 98 | 76 | 68 | 69 | −19 | −22 | 49 | 8 |
| Net income | 16 | 175 | 153 | 118 | −27 | −285 | — | −236 | 8 | 854 | 745 | 434 | 388 | 383 | −255 | −131 | −220 | −196 |
| Diluted EPS | $1.30 | $14.10 | $10.50 | $8.40 | −$2.00 | −$21.00 | — | −$7.80 | $0.30 | $28.70 | $25.80 | $16.20 | $14.60 | $14.80 | −$9.93 | −$5.09 | −$8.45 | −$7.44 |
| Diluted shares (average) | 12m | 12m | 15m | 14m | 14m | 14m | 14m | 30m | 30m | 30m | 29m | 27m | 27m | 26m | 26m | 26m | 26m | 26m |
| EBITDA | 133 | 201 | 248 | 238 | 121 | −136 | — | −11 | 98 | 1,192 | 1,036 | 652 | 574 | 530 | −158 | −13 | −15 | −46 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 134 | 112 | 132 | 144 | 116 | 125 | 127 | 140 |
| Gross profit | −10 | −2 | 0 | 10 | −24 | −15 | −0 | 6 |
| Research and development | 1 | 2 | 1 | 2 | 2 | 1 | 2 | 1 |
| Selling, general and administrative | 13 | 15 | 13 | 14 | 13 | 14 | 13 | 13 |
| Operating income | −25 | −18 | −15 | −5 | −39 | −31 | −15 | −23 |
| Interest expense | 38 | 30 | 25 | 25 | 24 | 24 | 24 | 26 |
| Income before tax | −61 | −47 | −36 | −28 | −60 | −42 | −39 | −47 |
| Income tax | −12 | −7 | 51 | 0 | 5 | 1 | 2 | 0 |
| Net income | −49 | −39 | −87 | −28 | −65 | −43 | −40 | −47 |
| Diluted EPS | −$1.92 | −$1.52 | −$3.35 | −$1.10 | −$2.48 | −$1.66 | −$1.54 | −$1.76 |
| EBITDA | −9 | −4 | 1 | 11 | −23 | −16 | 0 | −7 |
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