CPK
Chesapeake Utilities Corporation
CPK has the edge over SMR overall, supported by stronger fundamentals and lower modeled downside.
SMR
NuScale Power Corporation
SMR offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
CPK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Weak | |
| Weak |
CPK's profitability is currently strong, and its revenue is stable, but its cash flow and balance sheet are weak.
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.
CPK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 20x | $140 | — |
| Cheap | 22x | $137 | -2.3% |
| Current | 22x | $140 | — |
| Fair | 25x | $155 | +11% |
| Expensive | 27x | $172 | +23% |
Historical ranges are pointers, not guarantees.
CPK's PE is in its cheap range at 22x. If earnings grow as analysts expect, today's price would be 20x next year's earnings.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
CPK Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CPK, but weaker profitability.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
CPK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.07 | +12% |
| Q3 2026 | $6.33 | +12% |
| Q2 2026 | $6.26 | +12% |
| Q1 2026 | $6.23 | +15% |
| Q4 2025 | $5.97 | +13% |
| Q3 2025 | $5.64 | +14% |
| Q2 2025 | $5.60 | +20% |
| Q1 2025 | $5.40 | +13% |
| Q4 2024 | $5.26 | +11% |
CPK 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.
CPK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $195.8M | +9% |
| Q2 2026 | $201.9M | +4.7% |
| Q1 2026 | $353.1M | +18% |
| Q4 2025 | $258.9M | +20% |
| Q3 2025 | $179.6M | +12% |
| Q2 2025 | $192.8M | +16% |
| Q1 2025 | $298.7M | +22% |
| Q4 2024 | $215M | +16% |
CPK's revenue has grown year over year for 11 quarters in a row: $196M last quarter, up 9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | -0.2 points |
| Q2 2026 | 26% | +0.1 points |
| Q1 2026 | 28% | -0.9 points |
| Q4 2025 | 29% | -2.6 points |
| Q3 2025 | 25% | -0.5 points |
| Q2 2025 | 26% | +1.6 points |
| Q1 2025 | 29% | -3.3 points |
| Q4 2024 | 31% | +5.6 points |
CPK 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.
CPK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$64.3M | -$600K |
| Q2 2026 | -$29.4M | +$16.3M |
| Q1 2026 | -$23.9M | +$4.9M |
| Q4 2025 | -$91M | -$17M |
| Q3 2025 | -$63.7M | -$12.4M |
| Q2 2025 | -$45.7M | -$33.3M |
| Q1 2025 | -$28.8M | -232% |
| Q4 2024 | -$74M | -$43.2M |
SMR has the stronger cash trend. Its trailing FCF is down 161% versus its history, compared with CPK at down 249%.
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.
CPK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +126K shares |
| 1 year | +2.8% | +671K shares |
| 3 years | +36% | +6.4M shares |
| 5 years | +38% | +6.6M shares |
| Available history | +48% | +7.8M shares |
CPK 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 | — |
CPK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.8x | High |
| Q2 2026 | 4.7x | High |
| Q1 2026 | 4.6x | High |
| Q4 2025 | 4.7x | High |
| Q3 2025 | 4.7x | High |
| Q2 2025 | 4.7x | High |
| Q1 2025 | 4.9x | High |
| Q4 2024 | 5.0x | High |
CPK's net debt is about 4.8 years of its operating earnings (EBITDA), about the same as 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.
CPK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.1 | Neutral |
| Stochastic | 74.4 | Neutral |
CPK's weekly RSI is 65 (neutral) and its Stochastic is 74 (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).
CPK PE vs Utilities Sector
| Metric | CPK | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 20x | 8.5% above |
| PE % | 23 | 44 | 21 pts below |
CPK is trading at 22x earnings, in line with 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.
CPK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $133.4 | 5.1% above |
| 20 week MA | $132.6 | 5.7% above |
| 50 week MA | $129.4 | 8.3% above |
| 100 week MA | $127.9 | 9.6% above |
| 200 week MA | $120.8 | 16% above |
CPK has the edge over SMR on trend strength, trading above more of its moving averages.
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.
CPK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $95.1 | $107.1 | +13% |
| 2021 | $107.1 | $141.7 | +32% |
| 2022 | $141.7 | $119.5 | -16% |
| 2023 | $119.5 | $105.6 | -12% |
| 2024 | $105.6 | $120.8 | +14% |
| 2025 | $120.8 | $125.9 | +4.2% |
| 2026 YTD | $125.9 | $140.2 | +11% |
CPK 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.