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Developer of small modular nuclear reactor technology, designing factory-built reactors for utilities and industry.
Developer of small modular nuclear reactor technology, designing factory-built reactors for utilities and industry.
Has not yet built a commercial plant, so income so far is mainly fees for engineering, licensing and early support to project developers, with the larger prize, a share of reactor-module sales, still ahead. The 2023 cancellation of its first US utility project in Idaho left it looking to other customers.
Moat: narrow (IP / patents, regulatory licence). First SMR design certified by the US NRC, giving a licensing head start over most rivals.
Headquarters: Portland, Oregon, US · Founded: 2007 · Employees: 428
Size NuScale Power (SMR) is a United States Industrials company (Electrical Products) with a market value of $2.18B, the 1734th largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.08 on 6 Nov 2026.
Performance Over six months the shares fell 59.5%, against -16.1% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 18 in its peer set.
Growth Revenue fell 81.0% over the last twelve months (peer median +20.4%); the operating margin is -6,854.0% (peer median 9.7%).
Valuation It trades at 99.6× enterprise value to sales against a peer median of 2.2× (most expensive of 21).
Capital Return on invested capital runs 81.6 points below its cost of capital (17.0% WACC).
Backlog Backlog (remaining performance obligations) was $5.00M at 31 Dec 2024 — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 22.3% of the free float (15 Oct 2026).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $10.7M | $31.5M | $37.0M | $22.8M | $11.8M |
| Revenue growth | — | -15% | +62% | +93% | — |
| Gross profit | $1.71M | $11.4M | $30.4M | $1.47M | $4.49M |
| EBITDA | -$731M | -$688M | -$137M | -$273M | -$225M |
| Net income | -$416M | -$356M | -$137M | -$58.4M | -$25.9M |
| Free cash flow | -$779M | -$460M | -$109M | -$185M | -$151M |
| Capital expenditure | $2.46M | $508,000 | $44,000 | $1.73M | $2.33M |
| Total debt | $6.69M | $0 | $0 | $2.94M | $0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| NuScale Power SMR | $2.18B | -60% | -81% | -6,854% | 99.6× | n/a |
| OKLO OKLO | $4.38B | -68% | n/a | -17,970% | 1,579.6× | n/a |
| GE Vernova GEV | $205B | -26% | +17% | 7% | 4.4× | 24.9% |
| X-Energy XE | $4.24B | -65% | -9% | -156% | 26.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SMR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.6% | -10.3% | 4th lowest of 21 |
| 6-month return | -59.5% | -16.1% | 2nd lowest of 18 |
| Distance from 52-week high | -86.4% | -42.9% | lowest of 21 |
| Revenue growth (TTM) | -81.0% | +20.4% | lowest of 21 |
| Operating margin | -6,854.0% | 9.7% | lowest of 21 |
| EV / Sales | 99.6× | 2.2× | most expensive of 21 |
| ROIC minus cost of capital | -81.6 pp | +2.1 pp | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NuScale Power SMR | United States | $2.18B | -60% | -81% | -6,854% | 99.6× | n/a | n/a |
| Rept Battero Energy 0666.HK | Hong Kong | $2.19B | -57% | +56% | 6% | 0.3× | n/a | n/a |
| Nuode New Materials 600110.SS | China | $2.21B | -22% | +100% | 4% | 1.9× | n/a | n/a |
| Shenzhen Honor Electronic 300870.SZ | China | $2.26B | -66% | +10% | 3% | 3.2× | n/a | n/a |
| Chengdu Jiachi Electronic Technology 688708.SS | China | $2.11B | -33% | -7% | 26% | 15.0× | n/a | n/a |
| Voltronic Power Technology 6409.TW | Taiwan | $2.10B | +1% | -13% | 20% | 3.2× | 6.2% | +8.5% |
| Signify LIGHT.AS | Netherlands | $2.09B | -26% | -8% | 7% | 0.5× | -12.5% | -2.4% |
| RR Kabel RRKABEL.NS | India | $2.30B | 0% | +45% | 8% | 1.9× | n/a | n/a |
| Chung-Hsin Electric & Machinery Manufacturing 1513.TW | Taiwan | $2.07B | -10% | +4% | 19% | 2.7× | -2.2% | +12.3% |
| Ligent Technologies 9856.HK | Hong Kong | $2.07B | n/a | +33% | 12% | 1.6× | n/a | n/a |
| Jonjee Hi-Tech Industrial and Commercial 600872.SS | China | $2.31B | -2% | +1% | 18% | 3.1× | 10.0% | -3.9% |
| Titan Wind Energy (Suzhou) 002531.SZ | China | $2.05B | -37% | -1% | 5% | 5.9× | n/a | n/a |
| Zhejiang E-P Equipment 603194.SS | China | $2.04B | -3% | +17% | 13% | 1.9× | n/a | n/a |
| AQ Group AB AQ.ST | Sweden | $2.04B | -5% | +11% | 9% | 2.0× | 12.4% | +13.5% |
| Diamond Power Infrastructure DIACABS.NS | India | $2.34B | +118% | +109% | 10% | 8.1× | n/a | n/a |
| Dajin Heavy Industry 1081.HK | Hong Kong | $2.03B | n/a | +2% | 19% | 1.4× | n/a | n/a |
| Shenzhen Leadshine Technology 002979.SZ | China | $2.36B | +14% | +44% | 13% | 6.2× | n/a | n/a |
| Tianhai Auto Electronics 001365.SZ | China | $2.36B | n/a | +28% | 5% | 1.1× | 6.0% | +24.8% |
| Minmetals New Energy Materials (Hunan) 688779.SS | China | $2.00B | -36% | +146% | 5% | 1.2× | n/a | n/a |
| Shenzhen FRD Science & Technology 300602.SZ | China | $2.39B | -23% | +24% | 7% | 2.3× | n/a | n/a |
| Xian Sinofuse Electric 301031.SZ | China | $1.99B | -16% | +56% | 21% | 4.9× | n/a | n/a |
NuScale Power reported $5.00M of remaining performance obligations at 31 Dec 2024. That is 0.1 years of trailing revenue already under contract.