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Side-by-side financial comparison of GRAFTECH INTERNATIONAL LTD (EAF) and NET Power Inc. (NPWR). Click either name above to swap in a different company.

GRAFTECH INTERNATIONAL LTD produced more free cash flow last quarter ($-39.3M vs $-45.9M).

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.

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

EAF vs NPWR — Head-to-Head

Bigger by revenue
EAF
EAF
Infinity× larger
EAF
$116.5M
$0
NPWR
More free cash flow
EAF
EAF
$6.6M more FCF
EAF
$-39.3M
$-45.9M
NPWR

Income Statement — Q4 2025 vs Q4 2025

Metric
EAF
EAF
NPWR
NPWR
Revenue
$116.5M
$0
Net Profit
$-65.1M
$-19.6M
Gross Margin
-20.9%
Operating Margin
-33.6%
Net Margin
-55.9%
Revenue YoY
-13.2%
Net Profit YoY
-31.6%
42.8%
EPS (diluted)
$-6.86
$-0.15

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
NPWR
NPWR
Q4 25
$116.5M
$0
Q3 25
$144.0M
$0
Q2 25
$131.8M
$0
Q1 25
$111.8M
$0
Q4 24
$134.2M
$0
Q3 24
$130.7M
$12.0K
Q2 24
$137.3M
$238.0K
Q1 24
$136.6M
$0
Net Profit
EAF
EAF
NPWR
NPWR
Q4 25
$-65.1M
$-19.6M
Q3 25
$-28.5M
$-411.5M
Q2 25
$-86.9M
$-28.1M
Q1 25
$-39.4M
$-119.3M
Q4 24
$-49.5M
$-34.3M
Q3 24
$-36.1M
$818.0K
Q2 24
$-14.8M
$-4.3M
Q1 24
$-30.9M
$-11.4M
Gross Margin
EAF
EAF
NPWR
NPWR
Q4 25
-20.9%
Q3 25
7.2%
Q2 25
0.0%
Q1 25
-1.5%
Q4 24
-7.8%
Q3 24
-9.2%
91.7%
Q2 24
2.9%
87.4%
Q1 24
-1.0%
Operating Margin
EAF
EAF
NPWR
NPWR
Q4 25
-33.6%
Q3 25
-3.6%
Q2 25
-11.0%
Q1 25
-16.3%
Q4 24
-18.6%
Q3 24
-20.1%
-393708.3%
Q2 24
-2.0%
-18846.2%
Q1 24
-15.6%
Net Margin
EAF
EAF
NPWR
NPWR
Q4 25
-55.9%
Q3 25
-19.8%
Q2 25
-65.9%
Q1 25
-35.2%
Q4 24
-36.9%
Q3 24
-27.6%
6816.7%
Q2 24
-10.7%
-1793.3%
Q1 24
-22.6%
EPS (diluted)
EAF
EAF
NPWR
NPWR
Q4 25
$-6.86
$-0.15
Q3 25
$-1.10
$-5.28
Q2 25
$-0.34
$-0.36
Q1 25
$-0.15
$-1.55
Q4 24
$-3.51
$-0.46
Q3 24
$-1.40
$0.01
Q2 24
$-0.06
$-0.06
Q1 24
$-0.12
$-0.16

Balance Sheet & Financial Strength

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

Metric
EAF
EAF
NPWR
NPWR
Cash + ST InvestmentsLiquidity on hand
$199.4M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$-259.6M
$203.9M
Total Assets
$1.0B
$599.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EAF
EAF
NPWR
NPWR
Q4 25
$199.4M
Q3 25
$229.3M
Q2 25
$284.0M
Q1 25
$300.0M
Q4 24
$329.2M
Q3 24
$386.3M
Q2 24
$120.7M
$405.1M
Q1 24
$165.2M
$428.6M
Total Debt
EAF
EAF
NPWR
NPWR
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$929.5M
Q2 24
$928.2M
Q1 24
$926.9M
Stockholders' Equity
EAF
EAF
NPWR
NPWR
Q4 25
$-259.6M
$203.9M
Q3 25
$-194.4M
$143.8M
Q2 25
$-168.4M
$616.2M
Q1 25
$-105.3M
$637.2M
Q4 24
$-78.9M
$655.6M
Q3 24
$-9.0M
$767.5M
Q2 24
$16.2M
$730.5M
Q1 24
$37.6M
$659.8M
Total Assets
EAF
EAF
NPWR
NPWR
Q4 25
$1.0B
$599.7M
Q3 25
$1.1B
$629.9M
Q2 25
$1.1B
$1.8B
Q1 25
$1.2B
$1.8B
Q4 24
$1.2B
$2.3B
Q3 24
$1.1B
$2.3B
Q2 24
$1.2B
$2.4B
Q1 24
$1.2B
$2.4B
Debt / Equity
EAF
EAF
NPWR
NPWR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
57.16×
Q1 24
24.64×

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
NPWR
NPWR
Operating Cash FlowLast quarter
$-20.9M
$-27.8M
Free Cash FlowOCF − Capex
$-39.3M
$-45.9M
FCF MarginFCF / Revenue
-33.7%
Capex IntensityCapex / Revenue
15.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-120.5M
$-154.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EAF
EAF
NPWR
NPWR
Q4 25
$-20.9M
$-27.8M
Q3 25
$24.7M
$-48.0M
Q2 25
$-53.2M
$-24.6M
Q1 25
$-32.2M
$-20.4M
Q4 24
$-26.4M
$-13.0M
Q3 24
$23.7M
$-7.8M
Q2 24
$-36.9M
$-8.2M
Q1 24
$-530.0K
$-2.7M
Free Cash Flow
EAF
EAF
NPWR
NPWR
Q4 25
$-39.3M
$-45.9M
Q3 25
$18.4M
$-51.1M
Q2 25
$-57.1M
$-27.7M
Q1 25
$-42.5M
$-29.3M
Q4 24
$-39.2M
$-42.1M
Q3 24
$19.7M
$-30.1M
Q2 24
$-43.8M
$-15.9M
Q1 24
$-11.0M
$-12.2M
FCF Margin
EAF
EAF
NPWR
NPWR
Q4 25
-33.7%
Q3 25
12.8%
Q2 25
-43.3%
Q1 25
-38.0%
Q4 24
-29.2%
Q3 24
15.1%
-251091.7%
Q2 24
-31.9%
-6691.6%
Q1 24
-8.1%
Capex Intensity
EAF
EAF
NPWR
NPWR
Q4 25
15.8%
Q3 25
4.4%
Q2 25
3.0%
Q1 25
9.2%
Q4 24
9.5%
Q3 24
3.1%
185733.3%
Q2 24
5.1%
3257.1%
Q1 24
7.7%
Cash Conversion
EAF
EAF
NPWR
NPWR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-9.59×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EAF
EAF

Graphite Electrodes$107.0M92%
By Products And Other$9.4M8%

NPWR
NPWR

Segment breakdown not available.

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