EAF
GrafTech International Ltd.
EAF's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over EAF overall, supported by stronger fundamentals and stronger valuation.
EAF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Weak |
EAF's revenue is currently stable, but its profitability, cash flow and balance sheet are weak.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
EAF PE Valuation
EAF has no meaningful PE right now: it lost money over the past year.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
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.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
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 is still losing money, but less than at its worst: $7.41 per share over the past year, against $11.60 at its worst in late 2024.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over EAF on earnings quality, reporting a profit while its opponent remains loss making.
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's operating margin was −16% last quarter, down 13 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over EAF on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over EAF on profitability, with a higher operating margin.
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.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over EAF on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 27M diluted shares, up 2.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $30M |
| Q1 2022 | $30M |
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has the edge over EAF on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has more cash than debt.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
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.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
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 VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above 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.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over EAF on returns for 2026, with the stronger performance.