SMR
NuScale Power Corporation
SMR offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
WTTR
Select Water Solutions, Inc.
WTTR 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.
WTTR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Healthy |
WTTR's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
WTTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $5.62 | -66% |
| Fair | 24x | $9.46 | -42% |
| Forward | 30x | $16.33 | — |
| Current | 41x | $16.33 | — |
| Expensive | 70x | $28.00 | +71% |
Historical ranges are pointers, not guarantees.
WTTR's PE is in its expensive range at 41x. If earnings grow as analysts expect, today's price would be 30x next year's earnings, in its fair range.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
WTTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for WTTR, with profitability 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.
WTTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.54 | +35% |
| Q3 2026 | $0.40 | +111% |
| Q2 2026 | $0.27 | -13% |
| Q1 2026 | $0.20 | -41% |
| Q4 2025 | $0.20 | -33% |
| Q3 2025 | $0.19 | -68% |
| Q2 2025 | $0.31 | -47% |
| Q1 2025 | $0.34 | -48% |
| Q4 2024 | $0.30 | -59% |
WTTR 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 has the edge over WTTR on sales, with more consistent year-over-year improvement.
| 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.
WTTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $412.2M | +28% |
| Q2 2026 | $395.8M | +8.7% |
| Q1 2026 | $366M | -2.3% |
| Q4 2025 | $346.5M | -0.7% |
| Q3 2025 | $322.2M | -13% |
| Q2 2025 | $364.2M | -0.3% |
| Q1 2025 | $374.4M | +2.1% |
| Q4 2024 | $349M | -6.9% |
WTTR's revenue is growing: $412M last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.5% | +7.1 points |
| Q2 2026 | 8.7% | +4.4 points |
| Q1 2026 | 6.5% | +2.4 points |
| Q4 2025 | 0.3% | -0.5 points |
| Q3 2025 | -0.6% | -7.1 points |
| Q2 2025 | 4.2% | -1.3 points |
| Q1 2025 | 4.2% | +2.2 points |
| Q4 2024 | 0.8% | -1 points |
WTTR 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 |
SMR has the stronger cash trend. Its trailing FCF is down 161% versus its history, compared with WTTR at down 634%.
WTTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$5.1M | +$18.4M |
| Q2 2026 | $15.7M | +394% |
| Q1 2026 | -$68.1M | -$14.6M |
| Q4 2025 | -$6M | -148% |
| Q3 2025 | -$23.5M | -241% |
| Q2 2025 | $3.2M | -91% |
| Q1 2025 | -$53.5M | -$51.9M |
| Q4 2024 | $12.7M | -74% |
WTTR's free cash flow was −$64M over the past year, against −$61M 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 | — |
WTTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +14% | +18.1M shares |
| 1 year | +38% | +39.3M shares |
| 3 years | +40% | +41.3M shares |
| 5 years | +62% | +54.9M shares |
| Available history | +73% | +60.8M shares |
WTTR has the edge over SMR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $70,000 |
| Q2 2026 | $621,000 |
| Q1 2026 | $7.6M |
| Q4 2025 | $377,000 |
| Q3 2025 | $332,000 |
| Q2 2025 | $286,000 |
| Q1 2025 | $6.3M |
| Q4 2024 | $589,000 |
WTTR spent $9M buying back its own shares over the past year, up 16% 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.
WTTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Very low |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 0.5x | Very low |
WTTR's net debt is about a year of its operating earnings (EBITDA), down from 1.5 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).
WTTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.2 | Neutral |
| Stochastic | 28.6 | Neutral |
WTTR's weekly RSI is 42 (neutral) and its Stochastic is 29 (neutral).
SMR PE vs Utilities Sector
SMR has no meaningful PE right now: it lost money over the past year.
WTTR PE vs Utilities Sector
| Metric | WTTR | Sector median | Relative |
|---|---|---|---|
| PE | 41x | 20x | 98% above |
| PE % | 67 | 44 | 23 pts above |
WTTR is trading at 41x earnings, a 98% premium 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.
WTTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.6 | 12% below |
| 20 week MA | $19.3 | 15% below |
| 50 week MA | $16.5 | 0.9% below |
| 100 week MA | $13.3 | 23% above |
| 200 week MA | $11.2 | 46% above |
WTTR 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.
WTTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.28 | $4.21 | -55% |
| 2021 | $4.21 | $6.23 | +48% |
| 2022 | $6.23 | $9.05 | +45% |
| 2023 | $9.05 | $7.59 | -16% |
| 2024 | $7.59 | $12.8 | +69% |
| 2025 | $12.8 | $10.7 | -17% |
| 2026 YTD | $10.7 | $16.3 | +53% |
WTTR has the edge over SMR on returns for 2026, with the stronger performance.