Nuscale Power's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Nuscale Power (SMR) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Nuscale Power vs Its Competitors
- TTM: Trailing 12-month revenue of 19M vs 69,687M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-88.1% annualized vs trailing 12 months), vs decelerating (-2.9%) for its tracked peer group.
- Growth: Nuscale Power generated -95.7% revenue growth year over year in Q1 2026, vs 15.9% for its tracked competitors combined.
- Profitability: Its -8,262.8% net margin compares with 12.8% for the peer group.
- Scale: Nuscale Power ranks #12 of 26 companies by market capitalization in the Rental & Leasing industry, holding 1.7% of industry market cap.
- Peer revenue share: Nuscale Power accounted for 0.0% of combined revenue among its tracked peer group, down from 0.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.04M compares with $0.77M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SMR Sales vs. its Competitors, Q1 2026
Nuscale Power reported revenue contraction of 95.65 % year on year in Q1 2026, below its competitors' combined revenue growth of 15.86 %.
With a net margin of -8,262.83 %, Nuscale Power reported lower profitability than its competitors (12.83 %).
Nuscale Power generated 0.00 % of the combined sales of its peer group, down from 0.09 % a year earlier.
Nuscale Power vs. its Competitors, Q1 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Nuscale Power and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Nuscale Power Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Nuscale Power's competitor groups requires a Commercial License.
For context: the Rental & Leasing industry grew revenue 10.3% year over year, combined, vs -95.7% for Nuscale Power. Nuscale Power's share of combined industry revenue moved from 0.04% to 0.00%, a loss of 0.04 percentage points.
Nuscale Power's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Nuscale Power Corporation | - | No | No | Yes |
| Competitors combined (4) | ||||
| High-Confidence Competitors (6) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
SMR Stock Performance relative to its Competitors
SMR Stock Performance relative to High-Confidence Competitors
SMR Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Fluor Corporation | 282.9% | Outperformed |
| 2 | General Electric Company | 282.9% | Outperformed |
| 3 | Bwx Technologies Inc | 282.9% | Outperformed |
| 4 | Lightbridge Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Nuscale Power's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Nuscale Power's Comment on Competition and Industry Peers
Publicly Traded Peers of Nuscale Power Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Nuscale Power Corporation | 2,528.93 | 18.99 |
| General Electric Company | 333,197.28 | 50,638.00 |
| Bwx Technologies Inc | 12,361.17 | 3,513.97 |
| Fluor Corporation | 6,940.02 | 15,535.00 |
| Lightbridge Corporation | 206.76 | 0.18 |
| SUBTOTAL | 355,234.16 | 69,706.14 |
Sources: Nuscale Power Corporation's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Nuscale Power Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Nuscale Power's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Exelon Corporation | Named by the company | 85% |
| BloombergNEF | Named by the company | 85% |
| NRC | Named by the company | 85% |
| Gentex Corporation | Named by the company | 85% |
| Framatome | Named by the company | 85% |
| DOE | Named by the company | 85% |
| Renewable Energy Group, Inc. | Named by the company | 85% |
| Babcock | Named by the company | 85% |
| General Electric Company | Named by the company | 85% |
| Fluor Corporation | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Nuscale Power's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Nuscale Power's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| General Electric Company | Commercial Engines and Services, Reportable 72.90 % |
| Bwx Technologies Inc | Government Operations 67.18 % |
| Fluor Corporation | Urban Solutions 67.08 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Nuscale Power's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Nuscale Power Corporation | 2,529 | 44,379 | -1,590,542 |
| General Electric Company | 333,197 | 888,386 | 157,579 |
| Bwx Technologies Inc | 12,361 | 337,882 | 34,246 |
| Fluor Corporation | 6,940 | 675,582 | -86,106 |
| Lightbridge Corporation | 207 | 13,496 | -1,799,096 |
| PEERS TOTAL | 352,705 | 770,807 | 81,130 |
Nuscale Power's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Bwx Technologies Inc | United States 69.62 % |
| Fluor Corporation | North America 79.19 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Nuscale Power's Position in Industry Market Structure
Market-capitalization share and concentration across all 23 companies in Nuscale Power's industry classification, broader than the peer set above. Market cap in millions of $.Nuscale Power ranks #12 of 23 companies by market capitalization in its industry, holding 1.75 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,979, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | United Rentals Inc | 65,634 | 38.66 % |
| 2 | Aercap Holdings n v | 26,028 | 15.33 % |
| 3 | Ftai Aviation Ltd | 17,818 | 10.50 % |
| 4 | U haul Holding Company | 11,864 | 6.99 % |
| 5 | Ryder System Inc | 1,234 | 5.2% |
| 6 | Caris Life Sciences Inc | 1,234 | 5.2% |
| 7 | Herc Holdings Inc | 1,234 | 5.2% |
| 8 | Firefly Aerospace Inc | 1,234 | 5.2% |
| 9 | Avis Budget Group Inc | 1,234 | 5.2% |
| 10 | Equipmentshare com Inc | 1,234 | 5.2% |
| 12 | Nuscale Power Corporation | 2,964 | 1.75 % |
Market cap and industry share for the rest of Nuscale Power's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Nuscale Power's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 7 | Herc Holdings Inc | 4,461 | 11.37 % |
| 8 | Firefly Aerospace Inc | 3,985 | -45.51 % |
| 9 | Avis Budget Group Inc | 3,729 | -35.30 % |
| 10 | Equipmentshare com Inc | 3,486 | - |
| 11 | Willscot Holdings Corporation | 1,234 | 12.3% |
| 12 | Nuscale Power Corporation | 2,964 | -78.44 % |
| 13 | Mcgrath Rentcorp | 1,234 | 12.3% |
| 14 | Custom Truck One Source Inc | 1,234 | 12.3% |
| 15 | Prog Holdings Inc | 1,234 | 12.3% |
| 16 | Upbound Group Inc | 1,234 | 12.3% |
| 17 | Hertz Global Holdings inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Nuscale Power's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Nuscale Power's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Rental & Leasing industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (46 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 23.43 % | 54.95 % (avg) | -31.5 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | - | 16.18 % (avg) | - |
| Capital Intensity (Capex / Revenue) | - | 6.30 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Nuscale Power's Valuation vs Competitive Position
Valuation multiples vs the Rental & Leasing industry average (46 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 29.9x | - |
| EV / EBITDA | - | 12.4x | - |
| P/B | 6.2x | 3.1x | +3.1x |
| Return on Equity | -86.25 % | industry aggregate | -95.05 % |
| Return on Invested Capital | -50.56 % | 10.85 % (avg) | -61.41 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Nuscale Power's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue Growth | - | - | - | 85.09 % | -22.28 % |
| Operating Margin | - | - | - | - | - |
| Return on Invested Capital | - | -0.61 % | -53.52 % | -38.72 % | -63.48 % |
| P/E | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Nuscale Power's BCG Growth-Share Matrix
Relative market share (vs Nuscale Power's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Nuscale Power falls in the Dog quadrant: relative market share of 0.05x vs its largest competitor, in an industry growing revenue 3.5% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: United Rentals Inc alone holds 39% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Nuscale Power's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,979 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Nuscale Power's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Nuscale Power's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Nuscale Power's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Nuscale Power falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Nuscale Power's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 95.1 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-88.1% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.05x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Industry dominated by United Rentals Inc , holding 38.66 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-2.9% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Nuscale Power's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Nuscale Power Corporation | 2.15 | 3.81 | - |
| General Electric Company | - | 0.86 | 1.09 |
| Bwx Technologies Inc | 0.63 | 2.21 | 1.49 |
| Fluor Corporation | 0.80 | 1.72 | 0.30 |
| Lightbridge Corporation | 33.78 | 141.48 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Nuscale Power's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Nuscale Power Corporation | Q1 2026 | -95.7 % | - |
| General Electric Company | Q2 2026 | +21.1 % | +16.6 % |
| Bwx Technologies Inc | Q2 2026 | +18.0 % | +13.6 % |
| Fluor Corporation | Q2 2026 | +8.8 % | -95.0 % |
| Lightbridge Corporation | Q2 2026 | - | - |
| PEERS TOTAL | +17.8 % | -44.1 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Nuscale Power's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Nuscale Power Corporation | Q1 2026 | -91.5 % | +2,171.6 % |
| General Electric Company | Q2 2026 | +540.9 % | +2.4 % |
| Bwx Technologies Inc | Q2 2026 | +22.1 % | +26.6 % |
| Fluor Corporation | Q2 2026 | +5.8 % | -50.0 % |
| Lightbridge Corporation | Q2 2026 | - | -97.1 % |
Nuscale Power's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Nuscale Power Corporation | - | - | - |
| General Electric Company | 6.98% | 11.25% | 48.50% |
| Bwx Technologies Inc | 8.48% | 10.33% | 27.99% |
| Fluor Corporation | - | - | - |
| Lightbridge Corporation | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Nuscale Power's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Nuscale Power Corporation | - | 133.14 |
| General Electric Company | 37.57 | 6.58 |
| Bwx Technologies Inc | 34.81 | 3.52 |
| Fluor Corporation | - | 0.45 |
| Lightbridge Corporation | - | 1,178.46 |
| PEERS AVERAGE | 53.39 | 5.10 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.