SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
SBS has lower modeled downside risk, despite its lower overall score.
SMR
NuScale Power Corporation
SMR has a slight edge over SBS overall, supported by stronger modeled upside.
SBS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Under pressure |
SBS'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.
SBS PE Valuation
SBS has no meaningful PE right now: it lost money over the past year.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
SBS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for SBS, but weaker profitability.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
SBS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.41 | -35% |
| Q1 2026 | $0.44 | -24% |
| Q4 2025 | $0.43 | -20% |
| Q3 2025 | $0.42 | -14% |
| Q2 2025 | $0.63 | +200% |
| Q1 2025 | $0.58 | +205% |
| Q4 2024 | $0.54 | +184% |
| Q3 2024 | $0.49 | +206% |
SBS 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.
SBS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.9B | +16% |
| Q1 2026 | $1.8B | +16% |
| Q4 2025 | $1.9B | -27% |
| Q3 2025 | $1.7B | -37% |
| Q2 2025 | $1.6B | +33% |
| Q1 2025 | $1.5B | +28% |
| Q4 2024 | $2.6B | +98% |
| Q3 2024 | $2.7B | +132% |
SBS's revenue is recovering but still below its 2024 peak: $1.9B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 30% | -6.6 points |
| Q1 2026 | 34% | +0.3 points |
| Q4 2025 | 31% | +8.1 points |
| Q3 2025 | 27% | -38 points |
| Q2 2025 | 37% | +4.4 points |
| Q1 2025 | 34% | +8.4 points |
| Q4 2024 | 23% | +81 points |
| Q3 2024 | 66% | +39 points |
SBS 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.
SBS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$775.7M | -234% |
| Q1 2026 | $129.3M | -31% |
| Q4 2025 | -$567.8M | -221% |
| Q3 2025 | $568.1M | +106% |
| Q2 2025 | $580.3M | +81% |
| Q1 2025 | $186.2M | -25% |
| Q4 2024 | $470.2M | +46% |
| Q3 2024 | $276.4M | -2.5% |
SMR has the stronger cash trend. Its trailing FCF is down 161% versus its history, compared with SBS at down 174%.
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.
SBS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +3.1% | +106M shares |
| 3 years | +3.1% | +106M shares |
| 5 years | +3% | +103M shares |
| Available history | +3.1% | +106M shares |
SBS has the edge over SMR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $328.5M |
| Q1 2026 | $21.7M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
SBS spent $350M buying back its own shares over the past year, after none the year before.
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 | — |
SBS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 1.2x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.2x | Healthy |
| Q3 2024 | 0.2x | Very low |
SBS's net debt is about 3.1 years of its operating earnings (EBITDA), up from 1.2 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.
SBS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.9 | Neutral |
| Stochastic | 14.6 | Oversold |
SBS's weekly RSI is 44 (neutral) and its Stochastic is 15 (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).
SBS PE vs Utilities Sector
| Metric | SBS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 20x | — |
SBS has no meaningful PE right now: it lost money over the past year.
SMR PE vs Utilities Sector
SMR has no meaningful PE right now: it lost money over the past year.
SBS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.52 | 12% below |
| 20 week MA | $5.40 | 10% below |
| 50 week MA | $5.53 | 12% below |
| 100 week MA | $4.78 | 1.3% above |
| 200 week MA | $3.75 | 29% above |
SBS 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.
SBS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.02 | $1.79 | -41% |
| 2021 | $1.79 | $1.41 | -21% |
| 2022 | $1.41 | $2.26 | +60% |
| 2023 | $2.26 | $3.05 | +35% |
| 2024 | $3.05 | $2.88 | -5.6% |
| 2025 | $2.88 | $4.90 | +70% |
| 2026 YTD | $4.90 | $4.84 | -1.2% |
SBS 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.