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Graftech International vs Fuelcell Energy: EAF and FCEL compared
Graftech International is the larger company: $140M of revenue in its latest quarter (Q3 2026) against $33.0M for Fuelcell Energy (Q3 FY26). Graftech International is growing faster (-3% against -29% a year earlier). Graftech International is more profitable, with an operating margin of -16.2% against -141.4%.
Where the money goes: EAF and FCEL
Graftech International (EAF) · Q3 2026
Graftech International, Q3 2026: revenue $140M (-3% year over year), operating margin -16.2%, net loss $46.8M, operating cash flow −$8.4M. The chart follows the revenue to costs, profit and cash.
Fuelcell Energy (FCEL) · Q3 FY26
Fuelcell Energy, Q3 FY26: revenue $33.0M (-29% year over year), operating margin -141.4%, net loss $45.3M, operating cash flow −$12.2M. The chart follows the revenue to costs, profit and cash.
| Graftech International (EAF) | Fuelcell Energy (FCEL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $140M | $33.0M |
| Revenue growth, Y/Y | -3% | -29% |
| Operating margin | -16.2% | -141.4% |
| Net earnings | −$46.8M | −$45.3M |
| Net margin | -33.4% | -137.2% |
| Operating cash flow | −$8.4M | −$12.2M |
Where the revenue comes from
Graftech International
- Graphite Electrodes: $120M (86%)
- By-products and other: $19.8M (14%)
Fuelcell Energy
- Product: $18.0M (55%)
- Generation: $8.8M (27%)
- Advanced Technologies: $3.8M (11%)
- Service: $2.4M (7%)
Questions
Which is bigger, Graftech International or Fuelcell Energy?
Graftech International is the larger company: $140M of revenue in its latest quarter (Q3 2026) against $33.0M for Fuelcell Energy (Q3 FY26).
Is Graftech International or Fuelcell Energy growing faster?
Graftech International is growing faster (-3% against -29% a year earlier).
Which is more profitable, Graftech International or Fuelcell Energy?
Graftech International is more profitable, with an operating margin of -16.2% against -141.4%.
More: Graftech International earnings · how Graftech International makes money · Fuelcell Energy earnings · how Fuelcell Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 23, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.