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Side-by-side financial comparison of GRAFTECH INTERNATIONAL LTD (EAF) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
GRAFTECH INTERNATIONAL LTD is the larger business by last-quarter revenue ($116.5M vs $78.6M, roughly 1.5× Repay Holdings Corp). GRAFTECH INTERNATIONAL LTD runs the higher net margin — -55.9% vs -178.3%, a 122.4% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -13.2%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-39.3M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -7.7%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
EAF vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $116.5M | $78.6M |
| Net Profit | $-65.1M | $-140.1M |
| Gross Margin | -20.9% | 74.2% |
| Operating Margin | -33.6% | -182.2% |
| Net Margin | -55.9% | -178.3% |
| Revenue YoY | -13.2% | 0.4% |
| Net Profit YoY | -31.6% | -3304.1% |
| EPS (diluted) | $-6.86 | $-1.68 |
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.
| Q4 25 | $116.5M | $78.6M | ||
| Q3 25 | $144.0M | $77.7M | ||
| Q2 25 | $131.8M | $75.6M | ||
| Q1 25 | $111.8M | $77.3M | ||
| Q4 24 | $134.2M | $78.3M | ||
| Q3 24 | $130.7M | $79.1M | ||
| Q2 24 | $137.3M | $74.9M | ||
| Q1 24 | $136.6M | $80.7M |
| Q4 25 | $-65.1M | $-140.1M | ||
| Q3 25 | $-28.5M | $-6.4M | ||
| Q2 25 | $-86.9M | $-102.3M | ||
| Q1 25 | $-39.4M | $-7.9M | ||
| Q4 24 | $-49.5M | $-4.1M | ||
| Q3 24 | $-36.1M | $3.2M | ||
| Q2 24 | $-14.8M | $-4.1M | ||
| Q1 24 | $-30.9M | $-5.2M |
| Q4 25 | -20.9% | 74.2% | ||
| Q3 25 | 7.2% | 74.4% | ||
| Q2 25 | 0.0% | 75.7% | ||
| Q1 25 | -1.5% | 75.9% | ||
| Q4 24 | -7.8% | 76.3% | ||
| Q3 24 | -9.2% | 77.8% | ||
| Q2 24 | 2.9% | 78.2% | ||
| Q1 24 | -1.0% | 76.2% |
| Q4 25 | -33.6% | -182.2% | ||
| Q3 25 | -3.6% | -3.9% | ||
| Q2 25 | -11.0% | -138.7% | ||
| Q1 25 | -16.3% | -4.7% | ||
| Q4 24 | -18.6% | -1.5% | ||
| Q3 24 | -20.1% | -0.9% | ||
| Q2 24 | -2.0% | -4.6% | ||
| Q1 24 | -15.6% | -3.1% |
| Q4 25 | -55.9% | -178.3% | ||
| Q3 25 | -19.8% | -8.3% | ||
| Q2 25 | -65.9% | -135.2% | ||
| Q1 25 | -35.2% | -10.3% | ||
| Q4 24 | -36.9% | -5.3% | ||
| Q3 24 | -27.6% | 4.1% | ||
| Q2 24 | -10.7% | -5.4% | ||
| Q1 24 | -22.6% | -6.5% |
| Q4 25 | $-6.86 | $-1.68 | ||
| Q3 25 | $-1.10 | $-0.08 | ||
| Q2 25 | $-0.34 | $-1.15 | ||
| Q1 25 | $-0.15 | $-0.09 | ||
| Q4 24 | $-3.51 | $-0.04 | ||
| Q3 24 | $-1.40 | $0.03 | ||
| Q2 24 | $-0.06 | $-0.04 | ||
| Q1 24 | $-0.12 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $115.7M |
| Total DebtLower is stronger | $1.1B | $280.1M |
| Stockholders' EquityBook value | $-259.6M | $484.4M |
| Total Assets | $1.0B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $95.7M | ||
| Q2 25 | — | $162.6M | ||
| Q1 25 | — | $165.5M | ||
| Q4 24 | — | $189.5M | ||
| Q3 24 | — | $168.7M | ||
| Q2 24 | $120.7M | $147.1M | ||
| Q1 24 | $165.2M | $128.3M |
| Q4 25 | $1.1B | $280.1M | ||
| Q3 25 | $1.1B | $279.5M | ||
| Q2 25 | $1.1B | $279.0M | ||
| Q1 25 | $1.1B | $497.6M | ||
| Q4 24 | $1.1B | $496.8M | ||
| Q3 24 | $929.5M | $496.2M | ||
| Q2 24 | $928.2M | $435.6M | ||
| Q1 24 | $926.9M | $434.9M |
| Q4 25 | $-259.6M | $484.4M | ||
| Q3 25 | $-194.4M | $616.9M | ||
| Q2 25 | $-168.4M | $633.7M | ||
| Q1 25 | $-105.3M | $755.7M | ||
| Q4 24 | $-78.9M | $761.3M | ||
| Q3 24 | $-9.0M | $754.7M | ||
| Q2 24 | $16.2M | $815.4M | ||
| Q1 24 | $37.6M | $813.8M |
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.2B | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | 57.16× | 0.53× | ||
| Q1 24 | 24.64× | 0.53× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-20.9M | $23.3M |
| Free Cash FlowOCF − Capex | $-39.3M | $23.2M |
| FCF MarginFCF / Revenue | -33.7% | 29.6% |
| Capex IntensityCapex / Revenue | 15.8% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-120.5M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-20.9M | $23.3M | ||
| Q3 25 | $24.7M | $32.2M | ||
| Q2 25 | $-53.2M | $33.1M | ||
| Q1 25 | $-32.2M | $2.5M | ||
| Q4 24 | $-26.4M | $34.3M | ||
| Q3 24 | $23.7M | $60.1M | ||
| Q2 24 | $-36.9M | $31.0M | ||
| Q1 24 | $-530.0K | $24.8M |
| Q4 25 | $-39.3M | $23.2M | ||
| Q3 25 | $18.4M | $32.1M | ||
| Q2 25 | $-57.1M | $33.0M | ||
| Q1 25 | $-42.5M | $2.4M | ||
| Q4 24 | $-39.2M | $34.0M | ||
| Q3 24 | $19.7M | $59.8M | ||
| Q2 24 | $-43.8M | $30.5M | ||
| Q1 24 | $-11.0M | $24.7M |
| Q4 25 | -33.7% | 29.6% | ||
| Q3 25 | 12.8% | 41.3% | ||
| Q2 25 | -43.3% | 43.6% | ||
| Q1 25 | -38.0% | 3.0% | ||
| Q4 24 | -29.2% | 43.5% | ||
| Q3 24 | 15.1% | 75.6% | ||
| Q2 24 | -31.9% | 40.7% | ||
| Q1 24 | -8.1% | 30.6% |
| Q4 25 | 15.8% | 0.1% | ||
| Q3 25 | 4.4% | 0.2% | ||
| Q2 25 | 3.0% | 0.1% | ||
| Q1 25 | 9.2% | 0.2% | ||
| Q4 24 | 9.5% | 0.3% | ||
| Q3 24 | 3.1% | 0.3% | ||
| Q2 24 | 5.1% | 0.6% | ||
| Q1 24 | 7.7% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EAF
| Graphite Electrodes | $107.0M | 92% |
| By Products And Other | $9.4M | 8% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
