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Side-by-side financial comparison of GRAFTECH INTERNATIONAL LTD (EAF) and Harmony Biosciences Holdings, Inc. (HRMY). Click either name above to swap in a different company.

Harmony Biosciences Holdings, Inc. is the larger business by last-quarter revenue ($243.8M vs $125.1M, roughly 1.9× GRAFTECH INTERNATIONAL LTD). Harmony Biosciences Holdings, Inc. runs the higher net margin — 9.2% vs -34.6%, a 43.8% gap on every dollar of revenue. On growth, Harmony Biosciences Holdings, Inc. posted the faster year-over-year revenue change (21.1% vs 11.9%). Harmony Biosciences Holdings, Inc. produced more free cash flow last quarter ($126.0M vs $-27.1M). Over the past eight quarters, Harmony Biosciences Holdings, Inc.'s revenue compounded faster (25.6% CAGR vs -4.6%).

GrafTech International Ltd. is a manufacturer of graphite electrodes and petroleum coke, which are essential for the production of electric arc furnace steel and other metals. Headquartered in Brooklyn Heights, Ohio, it has manufacturing facilities in Calais, France;Pamplona, Spain; Monterrey, Mexico; and St. Marys, Pennsylvania.

Harmony Biosciences Holdings, Inc. is a commercial-stage biopharmaceutical company focused on developing and commercializing innovative therapies for rare neurological and central nervous system disorders. Its primary market is the United States, with its core product serving patients living with narcolepsy and other sleep-related CNS conditions across adult and pediatric segments.

EAF vs HRMY — Head-to-Head

Bigger by revenue
HRMY
HRMY
1.9× larger
HRMY
$243.8M
$125.1M
EAF
Growing faster (revenue YoY)
HRMY
HRMY
+9.3% gap
HRMY
21.1%
11.9%
EAF
Higher net margin
HRMY
HRMY
43.8% more per $
HRMY
9.2%
-34.6%
EAF
More free cash flow
HRMY
HRMY
$153.1M more FCF
HRMY
$126.0M
$-27.1M
EAF
Faster 2-yr revenue CAGR
HRMY
HRMY
Annualised
HRMY
25.6%
-4.6%
EAF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EAF
EAF
HRMY
HRMY
Revenue
$125.1M
$243.8M
Net Profit
$-43.3M
$22.5M
Gross Margin
-7.8%
71.9%
Operating Margin
15.8%
Net Margin
-34.6%
9.2%
Revenue YoY
11.9%
21.1%
Net Profit YoY
-10.0%
-54.6%
EPS (diluted)
$0.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EAF
EAF
HRMY
HRMY
Q1 26
$125.1M
Q4 25
$116.5M
$243.8M
Q3 25
$144.0M
$239.5M
Q2 25
$131.8M
$200.5M
Q1 25
$111.8M
$184.7M
Q4 24
$134.2M
$201.3M
Q3 24
$130.7M
$186.0M
Q2 24
$137.3M
$172.8M
Net Profit
EAF
EAF
HRMY
HRMY
Q1 26
$-43.3M
Q4 25
$-65.1M
$22.5M
Q3 25
$-28.5M
$50.9M
Q2 25
$-86.9M
$39.8M
Q1 25
$-39.4M
$45.6M
Q4 24
$-49.5M
$49.5M
Q3 24
$-36.1M
$46.1M
Q2 24
$-14.8M
$11.6M
Gross Margin
EAF
EAF
HRMY
HRMY
Q1 26
-7.8%
Q4 25
-20.9%
71.9%
Q3 25
7.2%
75.1%
Q2 25
0.0%
81.0%
Q1 25
-1.5%
82.7%
Q4 24
-7.8%
73.0%
Q3 24
-9.2%
77.0%
Q2 24
2.9%
81.4%
Operating Margin
EAF
EAF
HRMY
HRMY
Q1 26
Q4 25
-33.6%
15.8%
Q3 25
-3.6%
27.3%
Q2 25
-11.0%
24.0%
Q1 25
-16.3%
30.4%
Q4 24
-18.6%
27.7%
Q3 24
-20.1%
33.2%
Q2 24
-2.0%
12.4%
Net Margin
EAF
EAF
HRMY
HRMY
Q1 26
-34.6%
Q4 25
-55.9%
9.2%
Q3 25
-19.8%
21.2%
Q2 25
-65.9%
19.8%
Q1 25
-35.2%
24.7%
Q4 24
-36.9%
24.6%
Q3 24
-27.6%
24.8%
Q2 24
-10.7%
6.7%
EPS (diluted)
EAF
EAF
HRMY
HRMY
Q1 26
Q4 25
$-6.86
$0.38
Q3 25
$-1.10
$0.87
Q2 25
$-0.34
$0.68
Q1 25
$-0.15
$0.78
Q4 24
$-3.51
$0.85
Q3 24
$-1.40
$0.79
Q2 24
$-0.06
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EAF
EAF
HRMY
HRMY
Cash + ST InvestmentsLiquidity on hand
$120.2M
$775.3M
Total DebtLower is stronger
$1.1B
$163.7M
Stockholders' EquityBook value
$870.2M
Total Assets
$997.2M
$1.3B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EAF
EAF
HRMY
HRMY
Q1 26
$120.2M
Q4 25
$775.3M
Q3 25
$672.6M
Q2 25
$565.3M
Q1 25
$507.0M
Q4 24
$467.2M
Q3 24
$410.5M
Q2 24
$120.7M
$346.9M
Total Debt
EAF
EAF
HRMY
HRMY
Q1 26
$1.1B
Q4 25
$1.1B
$163.7M
Q3 25
$1.1B
$168.5M
Q2 25
$1.1B
$172.1M
Q1 25
$1.1B
$175.7M
Q4 24
$1.1B
$179.3M
Q3 24
$929.5M
$182.8M
Q2 24
$928.2M
$186.4M
Stockholders' Equity
EAF
EAF
HRMY
HRMY
Q1 26
Q4 25
$-259.6M
$870.2M
Q3 25
$-194.4M
$835.1M
Q2 25
$-168.4M
$773.1M
Q1 25
$-105.3M
$720.5M
Q4 24
$-78.9M
$659.2M
Q3 24
$-9.0M
$596.8M
Q2 24
$16.2M
$538.6M
Total Assets
EAF
EAF
HRMY
HRMY
Q1 26
$997.2M
Q4 25
$1.0B
$1.3B
Q3 25
$1.1B
$1.2B
Q2 25
$1.1B
$1.1B
Q1 25
$1.2B
$1.1B
Q4 24
$1.2B
$999.2M
Q3 24
$1.1B
$928.1M
Q2 24
$1.2B
$858.4M
Debt / Equity
EAF
EAF
HRMY
HRMY
Q1 26
Q4 25
0.19×
Q3 25
0.20×
Q2 25
0.22×
Q1 25
0.24×
Q4 24
0.27×
Q3 24
0.31×
Q2 24
57.16×
0.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EAF
EAF
HRMY
HRMY
Operating Cash FlowLast quarter
$-14.9M
$126.2M
Free Cash FlowOCF − Capex
$-27.1M
$126.0M
FCF MarginFCF / Revenue
-21.6%
51.7%
Capex IntensityCapex / Revenue
9.7%
0.0%
Cash ConversionOCF / Net Profit
5.61×
TTM Free Cash FlowTrailing 4 quarters
$-105.1M
$347.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EAF
EAF
HRMY
HRMY
Q1 26
$-14.9M
Q4 25
$-20.9M
$126.2M
Q3 25
$24.7M
$108.7M
Q2 25
$-53.2M
$79.3M
Q1 25
$-32.2M
$34.0M
Q4 24
$-26.4M
$75.6M
Q3 24
$23.7M
$70.5M
Q2 24
$-36.9M
$42.6M
Free Cash Flow
EAF
EAF
HRMY
HRMY
Q1 26
$-27.1M
Q4 25
$-39.3M
$126.0M
Q3 25
$18.4M
$108.7M
Q2 25
$-57.1M
$79.3M
Q1 25
$-42.5M
$33.9M
Q4 24
$-39.2M
$75.0M
Q3 24
$19.7M
$70.5M
Q2 24
$-43.8M
$42.0M
FCF Margin
EAF
EAF
HRMY
HRMY
Q1 26
-21.6%
Q4 25
-33.7%
51.7%
Q3 25
12.8%
45.4%
Q2 25
-43.3%
39.6%
Q1 25
-38.0%
18.3%
Q4 24
-29.2%
37.3%
Q3 24
15.1%
37.9%
Q2 24
-31.9%
24.3%
Capex Intensity
EAF
EAF
HRMY
HRMY
Q1 26
9.7%
Q4 25
15.8%
0.0%
Q3 25
4.4%
0.0%
Q2 25
3.0%
0.0%
Q1 25
9.2%
0.1%
Q4 24
9.5%
0.3%
Q3 24
3.1%
0.0%
Q2 24
5.1%
0.4%
Cash Conversion
EAF
EAF
HRMY
HRMY
Q1 26
Q4 25
5.61×
Q3 25
2.14×
Q2 25
1.99×
Q1 25
0.75×
Q4 24
1.53×
Q3 24
1.53×
Q2 24
3.68×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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