GEV
GE Vernova Inc.
GEV has the edge over SMR overall, supported by stronger fundamentals and stronger valuation.
SMR
NuScale Power Corporation
SMR's outlook is improving, though it still trails on the overall score.
GEV Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
GEV's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
GEV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 22x | $818 | — |
| Cheap | 30x | $1,152 | +41% |
| Forward | 34x | $818 | — |
| Fair | 60x | $2,274 | +178% |
| Expensive | 101x | $3,837 | +369% |
Historical ranges are pointers, not guarantees.
GEV's PE is in its cheap range at 22x. On analysts' estimates for next year's earnings, today's price would be 34x.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
GEV Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for GEV, with profitability improving. However, they disagree widely on these estimates.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
GEV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.09 | -37% |
| Q3 2026 | $38.00 | +517% |
| Q2 2026 | $34.83 | +735% |
| Q1 2026 | $34.22 | +392% |
| Q4 2025 | $17.69 | +217% |
| Q3 2025 | $6.16 | +48% |
| Q2 2025 | $4.17 | +6.9% |
| Q1 2025 | $6.96 | +$8.26 |
| Q4 2024 | $5.58 | +$7.55 |
GEV 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.
GEV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12.6B | +27% |
| Q2 2026 | $11.1B | +22% |
| Q1 2026 | $9.3B | +16% |
| Q4 2025 | $11B | +3.8% |
| Q3 2025 | $10B | +12% |
| Q2 2025 | $9.1B | +11% |
| Q1 2025 | $8B | +11% |
| Q4 2024 | $10.6B | +5.1% |
GEV's revenue has grown year over year every quarter since early 2024: $12.6B last quarter, up 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +7.4 points |
| Q2 2026 | 5.9% | +1.7 points |
| Q1 2026 | 1.9% | +1.4 points |
| Q4 2025 | 5.5% | -0.1 points |
| Q3 2025 | 3.7% | +7.7 points |
| Q2 2025 | 4.2% | -2.3 points |
| Q1 2025 | 0.5% | +4.5 points |
| Q4 2024 | 5.6% | +4.7 points |
GEV 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.
GEV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.4B | +638% |
| Q2 2026 | $5.1B | +2532% |
| Q1 2026 | $4.8B | +391% |
| Q4 2025 | $1.8B | +217% |
| Q3 2025 | $733M | -24% |
| Q2 2025 | $194M | -76% |
| Q1 2025 | $975M | +$1.6B |
| Q4 2024 | $571M | -65% |
GEV has the stronger cash trend. Its trailing FCF is up 376% 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.
GEV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -2M shares |
| 1 year | -2.5% | -7M shares |
| 3 years | -1.5% | -4.1M shares |
GEV has the edge over SMR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.6B |
| Q2 2026 | $2.4B |
| Q1 2026 | $1.3B |
| Q4 2025 | $1.1B |
| Q3 2025 | $660M |
| Q2 2025 | $480M |
| Q1 2025 | $1.1B |
| Q4 2023 | — |
GEV spent $6.4B buying back its own shares over the past year.
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 | — |
GEV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.3x | Net Cash |
| Q2 2026 | -3.4x | Net Cash |
| Q1 2026 | -2.9x | Net Cash |
| Q4 2025 | -3.9x | Net Cash |
| Q3 2025 | -3.5x | Net Cash |
| Q2 2025 | -4.6x | Net Cash |
| Q1 2025 | -4.2x | Net Cash |
| Q4 2024 | -5.0x | Net Cash |
GEV has more cash than debt.
SMR Net Leverage
SMR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
GEV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.9 | Neutral |
| Stochastic | 15.8 | Oversold |
GEV's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
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).
GEV PE vs Utilities Sector
| Metric | GEV | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 20x | 5.5% above |
| PE % | 1 | 60 | 59 pts below |
GEV 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.
GEV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $892.2 | 8.3% below |
| 20 week MA | $958.4 | 15% below |
| 50 week MA | $899.5 | 9% below |
| 100 week MA | $687.7 | 19% above |
GEV has stronger trend alignment. GEV is above 1 of 4 weekly averages versus SMR above 0 of 5.
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.
GEV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $136.8 | $333.8 | +144% |
| 2025 | $333.8 | $663.5 | +99% |
| 2026 YTD | $663.5 | $818.5 | +23% |
GEV 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.