GrafTech International (EAF)
Market Price (4/11/2026): $7.19 | Market Cap: $189.3 MilSector: Industrials | Industry: Electrical Components & Equipment
GrafTech International (EAF)
Market Price (4/11/2026): $7.19Market Cap: $189.3 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% Megatrend and thematic driversMegatrends include Advanced Materials, Circular Economy & Recycling, and Energy Transition & Decarbonization. Themes include High-Performance Industrial Materials, Show more. | Weak multi-year price returns2Y Excs Rtn is -84%, 3Y Excs Rtn is -151% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -77 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -15% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 507% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -24%, Rev Chg QQuarterly Revenue Change % is -13% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -24% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -121% High stock price volatilityVol 12M is 890% Key risksEAF key risks include [1] its dependence on petroleum needle coke supply and [2] the potential reduction of anti-dumping tariffs that could significantly weaken its competitive position. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% |
| Megatrend and thematic driversMegatrends include Advanced Materials, Circular Economy & Recycling, and Energy Transition & Decarbonization. Themes include High-Performance Industrial Materials, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -84%, 3Y Excs Rtn is -151% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -77 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -15% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 507% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -24%, Rev Chg QQuarterly Revenue Change % is -13% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -24% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -121% |
| High stock price volatilityVol 12M is 890% |
| Key risksEAF key risks include [1] its dependence on petroleum needle coke supply and [2] the potential reduction of anti-dumping tariffs that could significantly weaken its competitive position. |
Qualitative Assessment
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GrafTech International (EAF) stock has lost about 55% since 12/31/2025 because of the following key factors:
1. Significant Q4 2025 Financial Underperformance: GrafTech International reported a net loss of $65 million, or $2.50 per share, for the fourth quarter of 2025, coupled with negative Adjusted EBITDA of $22 million. Net sales for the quarter decreased by 13% year-over-year to $116 million, primarily due to a 9% decline in the weighted-average realized price to approximately $4,000 per metric ton. This announcement on February 6, 2026, caused the stock to drop significantly, including a 22.88% decline in premarket trading.
2. Intensified Pricing Pressure and Market Oversupply: The company faced severe competitive pricing pressures for graphite electrodes, particularly from increased exports from China and India. Management characterized these as "irrational actions" that are unsustainable for the industry's long-term health. Global (excluding China) steel production remained relatively flat in 2025, while record high steel exports from China further constrained production elsewhere, impacting demand for GrafTech's products.
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1. Significant Q4 2025 Financial Underperformance: GrafTech International reported a net loss of $65 million, or $2.50 per share, for the fourth quarter of 2025, coupled with negative Adjusted EBITDA of $22 million. Net sales for the quarter decreased by 13% year-over-year to $116 million, primarily due to a 9% decline in the weighted-average realized price to approximately $4,000 per metric ton. This announcement on February 6, 2026, caused the stock to drop significantly, including a 22.88% decline in premarket trading.
2. Intensified Pricing Pressure and Market Oversupply: The company faced severe competitive pricing pressures for graphite electrodes, particularly from increased exports from China and India. Management characterized these as "irrational actions" that are unsustainable for the industry's long-term health. Global (excluding China) steel production remained relatively flat in 2025, while record high steel exports from China further constrained production elsewhere, impacting demand for GrafTech's products.
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Stock Movement Drivers
Fundamental Drivers
The -53.8% change in EAF stock from 12/31/2025 to 4/10/2026 was primarily driven by a -51.4% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.51 | 7.17 | -53.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 522 | 504 | -3.4% |
| P/S Multiple | 0.8 | 0.4 | -51.4% |
| Shares Outstanding (Mil) | 26 | 26 | -1.5% |
| Cumulative Contribution | -53.8% |
Market Drivers
12/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| EAF | -53.8% | |
| Market (SPY) | -5.4% | -6.6% |
| Sector (XLI) | 10.6% | 11.9% |
Fundamental Drivers
The -44.1% change in EAF stock from 9/30/2025 to 4/10/2026 was primarily driven by a -42.7% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.82 | 7.17 | -44.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 509 | 504 | -0.9% |
| P/S Multiple | 0.7 | 0.4 | -42.7% |
| Shares Outstanding (Mil) | 26 | 26 | -1.6% |
| Cumulative Contribution | -44.1% |
Market Drivers
9/30/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| EAF | -44.1% | |
| Market (SPY) | -2.9% | 13.9% |
| Sector (XLI) | 11.6% | 21.5% |
Fundamental Drivers
The -18.0% change in EAF stock from 3/31/2025 to 4/10/2026 was primarily driven by a -10.6% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.74 | 7.17 | -18.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 539 | 504 | -6.4% |
| P/S Multiple | 0.4 | 0.4 | -10.6% |
| Shares Outstanding (Mil) | 26 | 26 | -2.0% |
| Cumulative Contribution | -18.0% |
Market Drivers
3/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| EAF | -18.0% | |
| Market (SPY) | 16.3% | 0.2% |
| Sector (XLI) | 32.3% | -1.4% |
Fundamental Drivers
The -85.2% change in EAF stock from 3/31/2023 to 4/10/2026 was primarily driven by a -61.5% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.49 | 7.17 | -85.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,281 | 504 | -60.7% |
| P/S Multiple | 1.0 | 0.4 | -61.5% |
| Shares Outstanding (Mil) | 26 | 26 | -2.4% |
| Cumulative Contribution | -85.2% |
Market Drivers
3/31/2023 to 4/10/2026| Return | Correlation | |
|---|---|---|
| EAF | -85.2% | |
| Market (SPY) | 63.3% | 2.2% |
| Sector (XLI) | 76.8% | 1.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EAF Return | 11% | -60% | -54% | -21% | -10% | -53% | -93% |
| Peers Return | 3041% | -49% | 26% | -28% | 21% | 26% | 2113% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| EAF Win Rate | 58% | 25% | 33% | 42% | 50% | 25% | |
| Peers Win Rate | 46% | 21% | 46% | 33% | 50% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| EAF Max Drawdown | -10% | -64% | -57% | -75% | -94% | -66% | |
| Peers Max Drawdown | -1% | -52% | -25% | -35% | -26% | -10% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ENTG, NMG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)
How Low Can It Go
| Event | EAF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -85.1% | -25.4% |
| % Gain to Breakeven | 573.3% | 34.1% |
| Time to Breakeven | 655 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -54.1% | -33.9% |
| % Gain to Breakeven | 117.9% | 51.3% |
| Time to Breakeven | 300 days | 148 days |
| 2018 Correction | ||
| % Loss | -55.7% | -19.8% |
| % Gain to Breakeven | 125.7% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to ENTG, NMG
In The Past
GrafTech International's stock fell -85.1% during the 2022 Inflation Shock from a high on 5/17/2021. A -85.1% loss requires a 573.3% gain to breakeven.
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About GrafTech International (EAF)
GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. It offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes. The company sells its products primarily through direct sales force, independent sales representatives, and distributors. GrafTech International Ltd. was founded in 1886 and is headquartered in Brooklyn Heights, Ohio.
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Albemarle for graphite materials in the steel industry.
Corning, but specializing in advanced graphite products for heavy industry.
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```html- Graphite Electrodes: These are used in electric arc furnaces to produce steel and other metals.
- Petroleum Needle Coke: This is a crystalline carbon material primarily used in the production of graphite electrodes.
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Timothy K. Flanagan, Chief Executive Officer and President Mr. Flanagan was appointed Chief Executive Officer and President of GrafTech International Ltd. in March 2024, having served as interim CEO and President since November 2023. He joined GrafTech in November 2021 as Chief Financial Officer, Vice President Finance, and Treasurer. Prior to GrafTech, he served as Executive Vice President, Chief Financial Officer of Cleveland-Cliffs Inc., a flat-rolled steel producer, from January 2017 to February 2019, and held various financial leadership roles there since 2008. Mr. Flanagan also served as Chief Financial Officer of Benesch, Friedlander, Coplan & Aronoff, LLP, a law firm, from June 2019 to November 2021. He is a Certified Public Accountant and holds a B.S. in Accounting from the University of Dayton. Rory O'Donnell, Chief Financial Officer and Senior Vice President Mr. O'Donnell was appointed Chief Financial Officer and Senior Vice President of GrafTech International Ltd., effective September 3, 2024. In this role, he oversees all financial aspects of the company. Before joining GrafTech, Mr. O'Donnell was Senior Vice President, Controller, and Principal Accounting Officer of Covia Corporation since February 2019, also serving as interim CFO from August 2022 to July 2023. His experience also includes serving as Senior Vice President, Controller at Signet Jewelers Limited from 2014 to 2019, and Director, Accounting & Reporting at Cleveland-Cliffs Inc. Mr. O'Donnell began his career at KPMG LLP and is a Certified Public Accountant with a B.S. in Accounting from the University of Dayton. Iñigo Perez Ortiz, Senior Vice President, Commercial and CTS Iñigo Perez Ortiz serves as the Senior Vice President, Commercial and CTS at GrafTech International Ltd. Andrew J. Renacci, Chief Legal Officer and Corporate Secretary Andrew J. Renacci is the Chief Legal Officer and Corporate Secretary for GrafTech International Ltd. Jeremy J. Clemens, Vice President, Operations Jeremy J. Clemens holds the position of Vice President, Operations at GrafTech International Ltd.AI Analysis | Feedback
The key risks to GrafTech International's business are:1. Highly Competitive Market, Industry Cyclicality, and Pricing Pressures
The graphite electrode industry, in which GrafTech International operates, is highly cyclical and subject to fluctuating demand and pricing conditions, heavily influenced by the global steel industry. Overcapacity within the graphite electrode industry, particularly from Chinese and Indian producers, has led to intense competitive pricing pressures, significantly impacting GrafTech's profitability and market share. The expiration of lucrative long-term agreements (LTAs) has further exposed the company to these volatile spot market prices, contributing to a substantial decline in revenues and persistent losses.2. Significant Debt Burden and Financial Distress
GrafTech International faces substantial financial distress characterized by elevated debt levels, depressed earnings, and high interest expenses. The company has experienced persistent operational losses and a significant cash burn, raising concerns about its liquidity and the sustainability of its capital structure. Management has identified the company's capital structure as unsustainable, highlighting the reliance on favorable market conditions for meeting financial obligations over the longer term.3. Reliance on Petroleum Needle Coke and Supply/Price Volatility
GrafTech's operations are heavily reliant on petroleum needle coke, a critical raw material for graphite electrode production. Disruptions in the supply of petroleum needle coke or fluctuations in its cost can adversely affect the company's production capabilities and financial performance. An emerging risk is the increasing demand for petroleum needle coke from the electric vehicle (EV) battery market, which could lead to supply-demand imbalances and impact its availability and pricing for graphite electrode manufacturing.AI Analysis | Feedback
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GrafTech International (symbol: EAF) operates in the addressable markets of graphite electrodes and petroleum needle coke.
Graphite Electrodes
The global market size for graphite electrodes was valued at approximately USD 7.2 billion in 2025 and is projected to reach USD 11.2 billion by 2034, growing at a compound annual growth rate (CAGR) of 4.80% from 2026 to 2034. In terms of volume, the global market size is projected to expand from 1.72 million tons in 2025 to 2.13 million tons by 2031.
Asia-Pacific is the dominant region in the graphite electrodes market, holding over 45.7% of the market share in 2025. Within North America, the United States alone accounted for over 78.80% of the regional market share in 2025.
Petroleum Needle Coke
The global petroleum needle coke market size was valued at USD 664.92 million in 2024 and is expected to reach USD 808.78 million by 2033, growing at a CAGR of 2.2% from 2025 to 2033. Other estimates place the global needle coke market value at USD 4.93 billion in 2024, projected to grow at a CAGR of 10.9% from 2025 to 2030, or USD 3.71 billion in 2023, predicted to reach USD 5.15 billion by 2032. Another source anticipates the global market to reach approximately USD 15.39 billion by 2035, from USD 5.4 billion in 2025.
Global consumption of needle coke reached approximately 1.4 million metric tons in 2023, with petroleum-based needle coke accounting for about 1.2 million metric tons. Asia-Pacific is the leading region for petroleum needle coke consumption, representing approximately 45% (540,000 metric tons) of global consumption in 2023. North America contributed around 20% (240,000 metric tons) to the global consumption in the same year.
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GrafTech International (EAF) anticipates several key drivers for its revenue growth over the next two to three years:
- Increased Sales Volume and Market Share Gains, particularly in the United States: GrafTech projects a 5-10% year-over-year increase in sales volume for 2026, continuing its strategy of shifting geographic sales mix towards the United States. The company achieved a 48% year-over-year sales volume growth in the U.S. for the full year 2025, including an 83% increase in the fourth quarter alone. This focus on key regions and its customer value proposition are expected to drive further market share gains.
- Long-Term Demand Growth for Graphite Electrodes from EAF Steelmaking: GrafTech remains confident that the steel industry's decarbonization efforts will lead to increased adoption of the electric arc furnace (EAF) method of steelmaking, which in turn will drive sustained demand for graphite electrodes. Industry analysts project modest recovery in global steel demand (excluding China) for 2026, with anticipated growth in steel demand within the European Union and increased steel production in the United States, supported by favorable domestic trade policies.
- Accelerated Demand for Petroleum Needle Coke in Lithium-ion Batteries: The company expects an acceleration in the demand for petroleum needle coke. This is driven by its use in producing synthetic graphite, a critical component for lithium-ion batteries, which are essential for the growing electric vehicle market.
- Potential for Improved Pricing Dynamics in the Graphite Electrode Market: While the graphite electrode market faced challenging pricing dynamics and aggressive competitor behavior in 2025 and into 2026, GrafTech is prioritizing value-focused growth by foregoing volume opportunities with unacceptably low margins. The company is also taking proactive measures to promote fair trade in its key markets. A modest recovery in global steel demand and potential trade protections, particularly in regions like the European Union, could contribute to a more favorable pricing environment over the next 2-3 years.
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Capital Allocation Decisions for GrafTech International (EAF)
Capital Expenditures
- GrafTech International anticipates capital expenditures of approximately $35 million for 2026, primarily focused on maintaining assets at current utilization levels.
- The company's full-year capital expenditures were approximately $40 million for 2025.
- In 2024, anticipated capital expenditures were in the range of $35 million to $40 million, following $54 million spent in 2023.
Latest Trefis Analyses
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Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | NSP | Insperity | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | TNC | Tennant | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | ADP | Automatic Data Processing | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.0% | 1.0% | 0.0% |
| 03272026 | HURN | Huron Consulting | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.0% | 4.0% | 0.0% |
| 03272026 | TRU | TransUnion | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.2% | 5.2% | 0.0% |
| 08312022 | EAF | GrafTech International | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -4.6% | -39.4% | -40.5% |
| 07312020 | EAF | GrafTech International | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 60.2% | 88.1% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 7.17 |
| Mkt Cap | 0.3 |
| Rev LTM | 504 |
| Op Inc LTM | -60 |
| FCF LTM | -56 |
| FCF 3Y Avg | -57 |
| CFO LTM | -42 |
| CFO 3Y Avg | -15 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -3.9% |
| Rev Chg 3Y Avg | -12.2% |
| Rev Chg Q | -8.1% |
| QoQ Delta Rev Chg LTM | -2.1% |
| Op Mgn LTM | 6.9% |
| Op Mgn 3Y Avg | 3.7% |
| QoQ Delta Op Mgn LTM | 5.0% |
| CFO/Rev LTM | 2.8% |
| CFO/Rev 3Y Avg | 8.0% |
| FCF/Rev LTM | -5.8% |
| FCF/Rev 3Y Avg | -1.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.3 |
| P/S | 3.4 |
| P/EBIT | -2.5 |
| P/E | -0.9 |
| P/CFO | -2.3 |
| Total Yield | -37.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -26.7% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 16.5% |
| 3M Rtn | -35.6% |
| 6M Rtn | -45.2% |
| 12M Rtn | 19.3% |
| 3Y Rtn | -63.6% |
| 1M Excs Rtn | 15.9% |
| 3M Excs Rtn | -34.5% |
| 6M Excs Rtn | -49.8% |
| 12M Excs Rtn | -0.2% |
| 3Y Excs Rtn | -130.1% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $7.17 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 04/19/2018 | |
| Distance from 52W High | -63.8% | |
| 50 Days | 200 Days | |
| DMA Price | $7.65 | $12.02 |
| DMA Trend | down | down |
| Distance from DMA | -6.3% | -40.4% |
| 3M | 1YR | |
| Volatility | 126.1% | 893.7% |
| Downside Capture | 0.88 | -0.76 |
| Upside Capture | -379.58 | -83.16 |
| Correlation (SPY) | -7.7% | -2.4% |
EAF Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.82 | -1.79 | -0.63 | 1.18 | 0.09 | 0.76 |
| Up Beta | -4.35 | -18.00 | -13.55 | -6.07 | 0.73 | 0.88 |
| Down Beta | 2.99 | 2.24 | 2.19 | 2.51 | 4.24 | 2.62 |
| Up Capture | 232% | -381% | -193% | 113% | -29% | 17% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 11 | 20 | 30 | 65 | 126 | 353 |
| Down Capture | 147% | 193% | 198% | 207% | -48% | 108% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 22 | 33 | 61 | 126 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EAF | |
|---|---|---|---|---|
| EAF | 17.6% | 890.5% | 0.98 | - |
| Sector ETF (XLI) | 49.1% | 17.9% | 2.08 | -2.8% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | -1.1% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | 3.0% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 1.4% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 4.2% |
| Bitcoin (BTCUSD) | -5.7% | 43.7% | -0.01 | -8.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EAF | |
|---|---|---|---|---|
| EAF | -43.4% | 403.5% | 0.33 | - |
| Sector ETF (XLI) | 13.1% | 17.3% | 0.59 | 4.0% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 4.3% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 2.9% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 2.5% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 6.3% |
| Bitcoin (BTCUSD) | 4.0% | 56.5% | 0.29 | -1.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EAF | |
|---|---|---|---|---|
| EAF | -25.1% | 322.1% | 0.28 | - |
| Sector ETF (XLI) | 13.8% | 19.9% | 0.61 | 7.6% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 7.3% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 2.4% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 3.9% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 7.7% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.07 | 0.1% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/6/2026 | -46.2% | -55.7% | -64.9% |
| 10/24/2025 | -2.1% | -26.9% | -30.0% |
| 7/25/2025 | 14.1% | 3.0% | -92.8% |
| 4/25/2025 | 7.8% | -9.1% | 59.2% |
| 2/7/2025 | -9.4% | -26.2% | -26.2% |
| 11/12/2024 | 5.3% | 1.4% | -7.2% |
| 7/26/2024 | -4.7% | -16.9% | -13.0% |
| 4/26/2024 | -1.9% | 9.9% | 10.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 8 | 9 |
| # Negative | 17 | 16 | 15 |
| Median Positive | 7.0% | 7.7% | 10.6% |
| Median Negative | -8.6% | -13.3% | -17.1% |
| Max Positive | 19.1% | 19.7% | 59.2% |
| Max Negative | -46.2% | -55.7% | -92.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 04/25/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Sales Volume Growth | 10.0% | ||||||
| 2026 Sales Volume Growth | 5.0% | 7.5% | 10.0% | -16.7% | Lowered | Guidance: 9.0% for 2025 | |
| 2026 Capital Expenditures | 35.00 Mil | -12.5% | Lowered | Guidance: 40.00 Mil for 2025 | |||
Prior: Q3 2025 Earnings Reported 10/24/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Sales Volume Growth | 8.0% | 9.0% | 10.0% | -10.0% | -1.0% | Lowered | Guidance: 10.0% for 2025 |
| 2025 Cash Cost of Goods Sold per MT Decline | 0.1 | 25.0% | 2.0% | Raised | Guidance: 0.08 for 2025 | ||
| 2025 Capital Expenditures | 40.00 Mil | 0 | Affirmed | Guidance: 40.00 Mil for 2025 | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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