EAF
GrafTech International Ltd.
EAF offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
RDW
Redwire Corporation
RDW has the edge over EAF overall, supported by stronger fundamentals and lower modeled downside.
EAF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Weak |
EAF's revenue is currently stable, but its profitability, cash flow and balance sheet are weak.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
EAF PE Valuation
EAF has no meaningful PE right now: it lost money over the past year.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
EAF Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect EAF's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
EAF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$7.41 | +$0.49 |
| Q2 2026 | -$6.75 | +$1.45 |
| Q1 2026 | -$8.61 | -$3.21 |
| Q4 2025 | -$8.45 | -$3.35 |
| Q3 2025 | -$7.90 | +$3.70 |
| Q2 2025 | -$8.20 | +$2.90 |
| Q1 2025 | -$5.40 | +$5.40 |
| Q4 2024 | -$5.10 | +$4.80 |
EAF has the edge over RDW on earnings, with more consistent year-over-year improvement.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
EAF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $140.2M | -2.7% |
| Q2 2026 | $127.4M | -3.4% |
| Q1 2026 | $125.1M | +12% |
| Q4 2025 | $116.5M | -13% |
| Q3 2025 | $144M | +10% |
| Q2 2025 | $131.8M | -4% |
| Q1 2025 | $111.8M | -18% |
| Q4 2024 | $134.2M | -2.1% |
EAF's revenue fell from its 2019 peak and has held roughly level since: $140M last quarter, down 2.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -16% | -13 points |
| Q2 2026 | -11% | -0.4 points |
| Q1 2026 | -25% | -8.2 points |
| Q4 2025 | -34% | -15 points |
| Q3 2025 | -3.5% | +17 points |
| Q2 2025 | -11% | -9.1 points |
| Q1 2025 | -16% | -0.6 points |
| Q4 2024 | -19% | +133 points |
EAF has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over EAF on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
EAF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$16.3M | -189% |
| Q2 2026 | -$75.5M | -$18.3M |
| Q1 2026 | -$27.1M | +$15.4M |
| Q4 2025 | -$39.3M | -$56K |
| Q3 2025 | $18.4M | -6.6% |
| Q2 2025 | -$57.1M | -$13.3M |
| Q1 2025 | -$42.5M | -$31.4M |
| Q4 2024 | -$39.2M | -1208% |
EAF has burned cash in seven of the last eight quarters: −$158M over the past year, against −$120M the year before.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has the edge over EAF on cash flow, with more consistent year-over-year improvement.
EAF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1% | +259K shares |
| 1 year | +2.2% | +581K shares |
| 3 years | +3.1% | +805K shares |
| 5 years | -0.8% | -204K shares |
| Available history | -8.3% | -2.4M shares |
EAF has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $30M |
| Q1 2022 | $30M |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
EAF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2023 | 6.6x | High |
| Q2 2023 | 3.3x | Elevated |
| Q1 2023 | 2.1x | Moderate |
| Q4 2022 | 1.5x | Healthy |
| Q3 2022 | 1.3x | Healthy |
| Q2 2022 | 1.3x | Healthy |
| Q1 2022 | 1.5x | Healthy |
| Q4 2021 | 1.7x | Healthy |
EAF's net debt is about 6.6 years of its operating earnings (EBITDA), up from 1.3 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
EAF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.4 | Neutral |
| Stochastic | 75.0 | Neutral |
EAF's weekly RSI is 56 (neutral) and its Stochastic is 75 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
EAF PE vs Industrials Sector
| Metric | EAF | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
EAF has no meaningful PE right now: it lost money over the past year.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
EAF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.73 | 14% above |
| 20 week MA | $8.07 | 37% above |
| 50 week MA | $9.44 | 17% above |
| 100 week MA | $10.8 | 2.5% above |
| 200 week MA | $19.4 | 43% below |
EAF has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
EAF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $116.7 | $91.0 | -22% |
| 2021 | $91.0 | $116.5 | +28% |
| 2022 | $116.5 | $47.1 | -60% |
| 2023 | $47.1 | $21.9 | -54% |
| 2024 | $21.9 | $16.7 | -24% |
| 2025 | $16.7 | $16.3 | -2.7% |
| 2026 YTD | $16.3 | $11.1 | -32% |
EAF has finished four years in a row lower, and it's down 32% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over EAF on returns for 2026, with the stronger performance.