SMR
NuScale Power Corporation
SMR offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
SPH
Suburban Propane Partners, L.P.
SPH has the edge over SMR overall, supported by stronger fundamentals and lower modeled downside.
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.
SPH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Weak |
SPH's profitability is currently healthy, and its revenue and cash flow are stable, but its balance sheet is weak.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
SPH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8x | $15.55 | -9.9% |
| Current | 8.9x | $17.27 | — |
| Fair | 11x | $20.87 | +21% |
| Expensive | 16x | $31.33 | +81% |
Historical ranges are pointers, not guarantees.
SPH's PE is in its cheap range at 8.9x.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
SPH Forward outlook
There aren't enough analyst estimates for SPH to show an outlook.
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.
SPH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $1.94 | +31% |
| Q1 2026 | $1.97 | +37% |
| Q4 2025 | $2.01 | +90% |
| Q3 2025 | $1.62 | +42% |
| Q2 2025 | $1.48 | -1.3% |
| Q1 2025 | $1.44 | -15% |
| Q4 2024 | $1.06 | -33% |
| Q3 2024 | $1.14 | -41% |
SPH has the edge over SMR on earnings quality, reporting a profit while its opponent remains loss making.
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.
SPH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $261.4M | +0.5% |
| Q1 2026 | $551.2M | -6.2% |
| Q4 2025 | $370.4M | -0.8% |
| Q3 2025 | $211.4M | +1.3% |
| Q2 2025 | $260.2M | +2.2% |
| Q1 2025 | $587.7M | +18% |
| Q4 2024 | $373.3M | +2% |
| Q3 2024 | $208.6M | -7.9% |
SPH's revenue fell from its 2022 peak and has held roughly level since: $261M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 0.8% | -1.3 points |
| Q1 2026 | 29% | +1.7 points |
| Q4 2025 | 18% | +2.4 points |
| Q3 2025 | -7.9% | +2.9 points |
| Q2 2025 | 2.1% | -1.1 points |
| Q1 2025 | 27% | -0.5 points |
| Q4 2024 | 16% | +2.5 points |
| Q3 2024 | -11% | -13 points |
SPH has the edge over SMR on profitability, with a higher operating margin.
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 |
SPH has the stronger cash trend. Its trailing FCF is down 34% versus its history, compared with SMR at down 161%.
SPH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $49.5M | -39% |
| Q1 2026 | $91.5M | +340% |
| Q4 2025 | -$67.5M | -$52.4M |
| Q3 2025 | $27.7M | +56% |
| Q2 2025 | $80.9M | +73% |
| Q1 2025 | $20.8M | -66% |
| Q4 2024 | -$15.1M | +$8.9M |
| Q3 2024 | $17.7M | -62% |
SPH still generates free cash flow, though less than at its 2022 peak: $101M 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 | — |
SPH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +748K shares |
| 1 year | +2.5% | +1.6M shares |
| 3 years | +4.6% | +2.9M shares |
SPH has the edge over SMR on shareholder dilution, with a more favorable share count trend.
SMR Net Leverage
SMR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SPH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 4.4x | High |
| Q1 2026 | 4.4x | High |
| Q4 2025 | 4.6x | High |
| Q3 2025 | 4.4x | High |
| Q2 2025 | 4.5x | High |
| Q1 2025 | 4.8x | High |
| Q4 2024 | 5.2x | High |
| Q3 2024 | 5.1x | High |
SPH's net debt is about 4.4 years of its operating earnings (EBITDA), about the same as a year ago.
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).
SPH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.9 | Neutral |
| Stochastic | 50.6 | Neutral |
SPH's weekly RSI is 44 (neutral) and its Stochastic is 51 (neutral).
SMR PE vs Utilities Sector
SMR has no meaningful PE right now: it lost money over the past year.
SPH PE vs Utilities Sector
| Metric | SPH | Sector median | Relative |
|---|---|---|---|
| PE | 8.9x | 20x | 56% below |
| PE % | 23 | 44 | 21 pts below |
SPH is trading at 8.9x earnings, a 56% discount to the Utilities sector's median of 20x.
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.
SPH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.3 | 0.1% above |
| 20 week MA | $17.5 | 1.5% below |
| 50 week MA | $18.6 | 7.3% below |
| 100 week MA | $18.9 | 8.7% below |
| 200 week MA | $18.1 | 4.6% below |
SPH has the edge over SMR on trend strength, trading above more of its moving averages.
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.
SPH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.0 | $14.6 | -34% |
| 2021 | $14.6 | $14.2 | -2.7% |
| 2022 | $14.2 | $15.3 | +7.7% |
| 2023 | $15.3 | $17.8 | +16% |
| 2024 | $17.8 | $17.3 | -2.6% |
| 2025 | $17.3 | $18.8 | +8.8% |
| 2026 YTD | $18.8 | $17.3 | -8.2% |
SPH has the edge over SMR on returns for 2026, with the stronger performance.