ARTNA
Artesian Resources Corporation
ARTNA has the edge over SMR overall, supported by stronger fundamentals and lower modeled downside.
SMR
NuScale Power Corporation
SMR's outlook is improving, though it still trails on the overall score.
ARTNA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Under pressure |
ARTNA's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are under pressure.
SMR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Weak | |
| Unavailable |
SMR's revenue, profitability and cash flow are currently weak. There isn't enough data to rate its balance sheet.
ARTNA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 14x | $32.56 | — |
| Forward | 14x | $32.56 | — |
| Cheap | 15x | $34.78 | +6.8% |
| Fair | 22x | $48.45 | +49% |
| Expensive | 27x | $60.12 | +85% |
Historical ranges are pointers, not guarantees.
ARTNA's PE is in its cheap range at 14.5x. If earnings grow as analysts expect, today's price would be 13.7x next year's earnings.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
ARTNA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ARTNA, with profitability improving.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
ARTNA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.37 | +5.3% |
| Q3 2026 | $2.25 | +2.7% |
| Q2 2026 | $2.28 | +5.1% |
| Q1 2026 | $2.25 | +8.2% |
| Q4 2025 | $2.21 | +12% |
| Q3 2025 | $2.19 | +12% |
| Q2 2025 | $2.17 | +21% |
| Q1 2025 | $2.08 | +22% |
| Q4 2024 | $1.98 | +19% |
ARTNA has the edge over SMR on earnings quality, reporting a profit while its opponent remains loss making.
SMR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.72 | +$2.14 |
| Q2 2026 | -$2.46 | -$1.27 |
| Q1 2026 | -$2.46 | -$1.09 |
| Q4 2025 | -$2.43 | -$0.96 |
| Q3 2025 | -$2.86 | -$1.91 |
| Q2 2025 | -$1.19 | -$0.16 |
| Q1 2025 | -$1.37 | -$0.52 |
| Q4 2024 | -$1.47 | -$0.67 |
SMR is still losing money, but far less than before: $0.72 per share over the past year, against $2.86 at its worst in late 2025.
ARTNA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $31.9M | +4.8% |
| Q2 2026 | $30.7M | +7.4% |
| Q1 2026 | $27.8M | +7.3% |
| Q4 2025 | $28M | +4.3% |
| Q3 2025 | $30.5M | +4.6% |
| Q2 2025 | $28.5M | +4.1% |
| Q1 2025 | $25.9M | +5.5% |
| Q4 2024 | $26.9M | +9.4% |
ARTNA's revenue has grown year over year for 11 quarters in a row: $32M last quarter, up 4.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | -0.6 points |
| Q2 2026 | 28% | +0.6 points |
| Q1 2026 | 23% | +1.2 points |
| Q4 2025 | 21% | -0.4 points |
| Q3 2025 | 28% | -1.2 points |
| Q2 2025 | 28% | +1.3 points |
| Q1 2025 | 21% | +2.2 points |
| Q4 2024 | 21% | -1.4 points |
ARTNA has the edge over SMR on profitability, with a higher operating margin.
SMR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $281K | -97% |
| Q2 2026 | $75K | -99% |
| Q1 2026 | $565K | -96% |
| Q4 2025 | $1.8M | -95% |
| Q3 2025 | $8.2M | +1635% |
| Q2 2025 | $8.1M | +733% |
| Q1 2025 | $13.4M | +870% |
| Q4 2024 | $34.2M | +651% |
SMR's revenue has slid since its 2024 peak: $281,000 last quarter, down 97% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -23068% | -16535 points |
| Q2 2026 | -85337% | -84802 points |
| Q1 2026 | -10181% | -9917 points |
| Q4 2025 | -4022% | -3988 points |
| Q3 2025 | -6533% | +2103 points |
| Q2 2025 | -535% | +3796 points |
| Q1 2025 | -264% | +2925 points |
| Q4 2024 | -35% | +1524 points |
SMR's operating margin was −23068% last quarter, down 16535 points from the same quarter a year ago, near the bottom of its range since 2022.
ARTNA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $228K | +$3.5M |
| Q2 2026 | -$2.5M | +$5.4M |
| Q1 2026 | -$4.5M | -904% |
| Q4 2025 | -$7.9M | +$440K |
| Q3 2025 | -$3.3M | -$1.4M |
| Q2 2025 | -$7.9M | -$5.3M |
| Q1 2025 | $560K | -85% |
| Q4 2024 | -$8.3M | -$3.5M |
ARTNA has the stronger cash trend. Its trailing FCF is up 17% versus its history, compared with SMR at down 161%.
SMR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$58.6M | -$25.3M |
| Q1 2026 | -$316.2M | -$293.3M |
| Q4 2025 | -$204.1M | -$177.6M |
| Q2 2025 | -$33.3M | +$2.7M |
| Q1 2025 | -$22.9M | +$10.6M |
| Q4 2024 | -$26.5M | +$46.8M |
| Q3 2024 | -$12.7M | +$15M |
| Q2 2024 | -$36M | +$4.5M |
SMR has burned cash in almost every quarter: −$608M over the past year, against −$95M the year before.
ARTNA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +5K shares |
| 1 year | +0.2% | +21K shares |
| 3 years | +0.5% | +56K shares |
| 5 years | +9.6% | +903K shares |
| Available history | +11% | +1M shares |
ARTNA has the edge over SMR on shareholder dilution, with a more favorable share count trend.
SMR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +45.9M shares |
| 1 year | +178% | +263M shares |
| 3 years | +448% | +336M shares |
SMR has 410M diluted shares, up 178% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
ARTNA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.9x | Elevated |
| Q2 2026 | 4.0x | Elevated |
| Q1 2026 | 4.2x | High |
| Q4 2025 | 4.2x | High |
| Q3 2025 | 4.2x | High |
| Q2 2025 | 4.3x | High |
| Q1 2025 | 4.3x | High |
| Q4 2024 | 4.5x | High |
ARTNA's net debt is about 3.9 years of its operating earnings (EBITDA), down from 4.2 years a year ago.
SMR Net Leverage
SMR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ARTNA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.9 | Neutral |
| Stochastic | 21.1 | Neutral |
ARTNA's weekly RSI is 43 (neutral) and its Stochastic is 21 (neutral).
SMR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.5 | Oversold |
| Stochastic | 8.6 | Oversold |
SMR's weekly RSI is 30 (oversold) and its Stochastic is 9 (oversold).
ARTNA PE vs Utilities Sector
| Metric | ARTNA | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 20x | 29% below |
| PE % | 3 | 44 | 41 pts below |
ARTNA is trading at 14x earnings, a 29% discount to the Utilities sector's median of 20x.
SMR PE vs Utilities Sector
SMR has no meaningful PE right now: it lost money over the past year.
ARTNA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.6 | 3% below |
| 20 week MA | $34.4 | 5.3% below |
| 50 week MA | $33.2 | 2% below |
| 100 week MA | $33.0 | 1.2% below |
| 200 week MA | $37.7 | 14% below |
ARTNA is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.
SMR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.26 | 23% below |
| 20 week MA | $7.88 | 39% below |
| 50 week MA | $11.4 | 58% below |
| 100 week MA | $20.2 | 76% below |
| 200 week MA | $14.4 | 67% below |
SMR is in a downtrend: it's below all five of its weekly moving averages, and 67% below its 200-week average.
ARTNA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $37.4 | $37.1 | -0.9% |
| 2021 | $37.1 | $46.8 | +26% |
| 2022 | $46.8 | $56.5 | +21% |
| 2023 | $56.5 | $41.5 | -27% |
| 2024 | $41.5 | $31.5 | -24% |
| 2025 | $31.5 | $31.8 | +0.9% |
| 2026 YTD | $31.8 | $32.6 | +2.5% |
ARTNA has the edge over SMR on returns for 2026, with the stronger performance.
SMR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.1 | $10.3 | +1.2% |
| 2021 | $10.3 | $10.1 | -1.9% |
| 2022 | $10.1 | $10.1 | +0.5% |
| 2023 | $10.1 | $3.29 | -67% |
| 2024 | $3.29 | $19.5 | +493% |
| 2025 | $19.5 | $14.9 | -24% |
| 2026 YTD | $14.9 | $4.82 | -68% |
SMR's yearly returns have swung widely, from +493% in 2024 to −67% in 2023. It's down 68% so far in 2026.