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Side-by-side financial comparison of GRAFTECH INTERNATIONAL LTD (EAF) and Hut 8 Corp. (HUT). Click either name above to swap in a different company.

GRAFTECH INTERNATIONAL LTD is the larger business by last-quarter revenue ($125.1M vs $88.5M, roughly 1.4× Hut 8 Corp.). GRAFTECH INTERNATIONAL LTD runs the higher net margin — -34.6% vs -316.0%, a 281.5% gap on every dollar of revenue. On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs 11.9%). Over the past eight quarters, Hut 8 Corp.'s revenue compounded faster (30.8% 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.

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

EAF vs HUT — Head-to-Head

Bigger by revenue
EAF
EAF
1.4× larger
EAF
$125.1M
$88.5M
HUT
Growing faster (revenue YoY)
HUT
HUT
+167.4% gap
HUT
179.2%
11.9%
EAF
Higher net margin
EAF
EAF
281.5% more per $
EAF
-34.6%
-316.0%
HUT
Faster 2-yr revenue CAGR
HUT
HUT
Annualised
HUT
30.8%
-4.6%
EAF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EAF
EAF
HUT
HUT
Revenue
$125.1M
$88.5M
Net Profit
$-43.3M
$-279.7M
Gross Margin
-7.8%
60.4%
Operating Margin
-491.4%
Net Margin
-34.6%
-316.0%
Revenue YoY
11.9%
179.2%
Net Profit YoY
-10.0%
-283.7%
EPS (diluted)
$-2.45

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
HUT
HUT
Q1 26
$125.1M
Q4 25
$116.5M
$88.5M
Q3 25
$144.0M
$83.5M
Q2 25
$131.8M
$41.3M
Q1 25
$111.8M
$21.8M
Q4 24
$134.2M
$31.7M
Q3 24
$130.7M
$43.7M
Q2 24
$137.3M
$35.2M
Net Profit
EAF
EAF
HUT
HUT
Q1 26
$-43.3M
Q4 25
$-65.1M
$-279.7M
Q3 25
$-28.5M
$50.1M
Q2 25
$-86.9M
$137.3M
Q1 25
$-39.4M
$-133.9M
Q4 24
$-49.5M
$152.2M
Q3 24
$-36.1M
$647.0K
Q2 24
$-14.8M
$-71.9M
Gross Margin
EAF
EAF
HUT
HUT
Q1 26
-7.8%
Q4 25
-20.9%
60.4%
Q3 25
7.2%
61.3%
Q2 25
0.0%
47.3%
Q1 25
-1.5%
14.5%
Q4 24
-7.8%
35.9%
Q3 24
-9.2%
59.9%
Q2 24
2.9%
41.4%
Operating Margin
EAF
EAF
HUT
HUT
Q1 26
Q4 25
-33.6%
-491.4%
Q3 25
-3.6%
87.0%
Q2 25
-11.0%
Q1 25
-16.3%
-676.8%
Q4 24
-18.6%
Q3 24
-20.1%
-3.6%
Q2 24
-2.0%
-246.2%
Net Margin
EAF
EAF
HUT
HUT
Q1 26
-34.6%
Q4 25
-55.9%
-316.0%
Q3 25
-19.8%
60.0%
Q2 25
-65.9%
332.5%
Q1 25
-35.2%
-613.7%
Q4 24
-36.9%
480.3%
Q3 24
-27.6%
1.5%
Q2 24
-10.7%
-204.1%
EPS (diluted)
EAF
EAF
HUT
HUT
Q1 26
Q4 25
$-6.86
$-2.45
Q3 25
$-1.10
$0.43
Q2 25
$-0.34
$1.18
Q1 25
$-0.15
$-1.30
Q4 24
$-3.51
$1.41
Q3 24
$-1.40
$0.01
Q2 24
$-0.06
$-0.78

Balance Sheet & Financial Strength

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

Metric
EAF
EAF
HUT
HUT
Cash + ST InvestmentsLiquidity on hand
$120.2M
$44.9M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$1.4B
Total Assets
$997.2M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EAF
EAF
HUT
HUT
Q1 26
$120.2M
Q4 25
$44.9M
Q3 25
$33.5M
Q2 25
$216.3M
Q1 25
$108.4M
Q4 24
$85.0M
Q3 24
Q2 24
$120.7M
Total Debt
EAF
EAF
HUT
HUT
Q1 26
$1.1B
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
$300.6M
Q3 24
$929.5M
$297.3M
Q2 24
$928.2M
$328.8M
Stockholders' Equity
EAF
EAF
HUT
HUT
Q1 26
Q4 25
$-259.6M
$1.4B
Q3 25
$-194.4M
$1.4B
Q2 25
$-168.4M
$1.3B
Q1 25
$-105.3M
$960.0M
Q4 24
$-78.9M
$976.7M
Q3 24
$-9.0M
$703.9M
Q2 24
$16.2M
$660.1M
Total Assets
EAF
EAF
HUT
HUT
Q1 26
$997.2M
Q4 25
$1.0B
$2.8B
Q3 25
$1.1B
$2.7B
Q2 25
$1.1B
$2.0B
Q1 25
$1.2B
$1.6B
Q4 24
$1.2B
$1.5B
Q3 24
$1.1B
$1.1B
Q2 24
$1.2B
$1.1B
Debt / Equity
EAF
EAF
HUT
HUT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.31×
Q3 24
0.42×
Q2 24
57.16×
0.50×

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
HUT
HUT
Operating Cash FlowLast quarter
$-14.9M
$-139.2M
Free Cash FlowOCF − Capex
$-27.1M
FCF MarginFCF / Revenue
-21.6%
Capex IntensityCapex / Revenue
9.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-105.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EAF
EAF
HUT
HUT
Q1 26
$-14.9M
Q4 25
$-20.9M
$-139.2M
Q3 25
$24.7M
$770.0K
Q2 25
$-53.2M
$-48.8M
Q1 25
$-32.2M
$-33.8M
Q4 24
$-26.4M
$-68.5M
Q3 24
$23.7M
$-4.2M
Q2 24
$-36.9M
$-16.4M
Free Cash Flow
EAF
EAF
HUT
HUT
Q1 26
$-27.1M
Q4 25
$-39.3M
Q3 25
$18.4M
Q2 25
$-57.1M
Q1 25
$-42.5M
Q4 24
$-39.2M
Q3 24
$19.7M
Q2 24
$-43.8M
FCF Margin
EAF
EAF
HUT
HUT
Q1 26
-21.6%
Q4 25
-33.7%
Q3 25
12.8%
Q2 25
-43.3%
Q1 25
-38.0%
Q4 24
-29.2%
Q3 24
15.1%
Q2 24
-31.9%
Capex Intensity
EAF
EAF
HUT
HUT
Q1 26
9.7%
Q4 25
15.8%
Q3 25
4.4%
Q2 25
3.0%
Q1 25
9.2%
Q4 24
9.5%
Q3 24
3.1%
Q2 24
5.1%
Cash Conversion
EAF
EAF
HUT
HUT
Q1 26
Q4 25
Q3 25
0.02×
Q2 25
-0.36×
Q1 25
Q4 24
-0.45×
Q3 24
-6.49×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EAF
EAF

Segment breakdown not available.

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

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