SMR
NuScale Power Corporation
SMR's outlook is improving, though it still trails on the overall score.
VST
Vistra Corp.
VST has the edge over SMR overall, supported by stronger fundamentals and stronger valuation.
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.
VST Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Stable |
VST's profitability and cash flow are currently strong, and its revenue and balance sheet are stable.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
VST PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $85.35 | -37% |
| Forward | 14x | $135 | — |
| Current | 18x | $135 | — |
| Fair | 23x | $173 | +29% |
| Expensive | 54x | $402 | +199% |
Historical ranges are pointers, not guarantees.
VST's PE is in its fair range at 18x. If earnings grow as analysts expect, today's price would be 14x next year's earnings, in its cheap range.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
VST Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect VST's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
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.
VST Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.71 | +31% |
| Q3 2026 | $7.41 | +172% |
| Q2 2026 | $5.93 | -4.7% |
| Q1 2026 | $5.98 | -5.2% |
| Q4 2025 | $2.18 | -69% |
| Q3 2025 | $2.72 | -49% |
| Q2 2025 | $6.22 | +357% |
| Q1 2025 | $6.31 | +287% |
| Q4 2024 | $7.00 | +96% |
VST 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.
VST Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +28% |
| Q2 2026 | $4B | -5.5% |
| Q1 2026 | $5.6B | +43% |
| Q4 2025 | $4.6B | +14% |
| Q3 2025 | $5B | -21% |
| Q2 2025 | $4.3B | +11% |
| Q1 2025 | $3.9B | +29% |
| Q4 2024 | $4B | +31% |
VST's revenue is growing: $6.3B last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +6 points |
| Q2 2026 | 14% | +1.7 points |
| Q1 2026 | 27% | +30 points |
| Q4 2025 | 10% | -4.5 points |
| Q3 2025 | 21% | -20 points |
| Q2 2025 | 12% | -8.9 points |
| Q1 2025 | -3% | -5.9 points |
| Q4 2024 | 15% | +12 points |
VST 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 |
VST has the stronger cash trend. Its trailing FCF is up 105% versus its history, compared with SMR at down 161%.
VST Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +35% |
| Q2 2026 | $334M | +$452M |
| Q1 2026 | $316M | +$485M |
| Q4 2025 | $596M | -35% |
| Q3 2025 | $1B | -0.8% |
| Q2 2025 | -$118M | -117% |
| Q1 2025 | -$169M | -$16M |
| Q4 2024 | $923M | +98% |
VST still generates free cash flow, though less than at its 2026 peak: $2.6B 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 | — |
VST Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -1.4M shares |
| 1 year | -2.1% | -7.2M shares |
| 3 years | -9.2% | -34.3M shares |
| 5 years | -30% | -147M shares |
| Available history | -32% | -162M shares |
VST has the edge over SMR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $208M |
| Q2 2026 | $337M |
| Q1 2026 | $372M |
| Q4 2025 | $252M |
| Q3 2025 | $187M |
| Q2 2025 | $252M |
| Q1 2025 | $337M |
| Q4 2024 | $245M |
VST spent $1.2B buying back its own shares over the past year, up 14% from the year before.
SMR Net Leverage
SMR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
VST Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 4.6x | High |
| Q3 2025 | 3.8x | Elevated |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 2.9x | Moderate |
| Q4 2024 | 2.6x | Moderate |
VST's net debt is about 2.9 years of its operating earnings (EBITDA), down from 3.8 years 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).
VST Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.2 | Neutral |
| Stochastic | 26.3 | Neutral |
VST's weekly RSI is 44 (neutral) and its Stochastic is 26 (neutral).
SMR PE vs Utilities Sector
SMR has no meaningful PE right now: it lost money over the past year.
VST PE vs Utilities Sector
| Metric | VST | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 20x | 11% below |
| PE % | 39 | 44 | 5 pts below |
VST is trading at 18x earnings, a 11% 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.
VST Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $141.2 | 4.8% below |
| 20 week MA | $145.4 | 7.5% below |
| 50 week MA | $153.8 | 13% below |
| 100 week MA | $161.4 | 17% below |
| 200 week MA | $109.9 | 22% above |
VST 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.
VST Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.8 | $18.7 | -18% |
| 2021 | $18.7 | $22.0 | +18% |
| 2022 | $22.0 | $23.9 | +8.4% |
| 2023 | $23.9 | $38.5 | +61% |
| 2024 | $38.5 | $139.7 | +263% |
| 2025 | $139.7 | $161.7 | +16% |
| 2026 YTD | $161.7 | $134.5 | -17% |
VST has the edge over SMR on returns for 2026, with the stronger performance.