Is the business good?
How good a business is SMR?
NuScale Power Corporation earns −59% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−59%
Return on invested capital · cost of capital 9.0% · 68 points below what the capital costs: growth destroys value
- Operating margin
- −6854%
Operating margin · Specialty Industrial Machinery median 15% · 12 months to Q2 2026
- Share count, year on year
- +173%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 522%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −26474% |
| FY2021 | −6090% |
| FY2022 | −1948% |
| FY2023 | −1208% |
| FY2024 | −374% |
| FY2025 | −2191% |
Details›
- Gross margin12 months to Q2 2026
- 24%
- Operating margin12 months to Q2 2026
- −6854%
- Net margin12 months to Q2 2026
- −3889%
- Free cash flow margin
- −7286%
- R&D as % of revenue
- 522%
- Revenue, trailing twelve months
- $11M
- Free cash flow, trailing twelve months
- −$779M
- Net income, trailing twelve months
- −$416M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −59%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Specialty Industrial Machinery
Ranks #44 of 44 by Smart Score