Nuscale Power (SMR) Gross Margin (2021 - 2026)
Nuscale Power's Gross Margin was -202.67% in Q2 2026, down 224.78 percentage points from 22.11% a year earlier and down 206.38 percentage points from the prior quarter.
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Analysis
Nuscale Power (SMR) Gross Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nuscale Power's Gross Margin was 23.55% through Jun 30, 2026, down 47.95 percentage points year-over-year; for FY2025, it came in at 36.31%, down 50.36 percentage points from FY2024.
- Gross Margin shows a five-year change of -4.52 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 86.67% in FY2024 (+69.80 pp), 16.87% in FY2023 (-21.14 pp), 38.01% in FY2022 (-0.14 pp) and 38.16% in FY2021 (-2.68 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin in data going back to Q2 2021.
- Compared with a year earlier, Gross Margin has declined for four straight quarters, with an average year-over-year change of -32.32 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q4 2024 (a gain of 75.28 percentage points); the worst was Q2 2026 (a drop of 224.78 percentage points).
- Per Business Quant data, SMR's Gross Margin in the three quarters before Q2 2026 was 3.72% (Q1 2026), -3.37% (Q4 2025) and 32.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 49.89% |
| 10 | Nuscale Power | 3.25 Bn | 3.20 Bn | -152,000.00 | -202.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -202.67% |
| Mar 31, 2026 | 3.72% |
| Dec 31, 2025 | -3.37% |
| Sep 30, 2025 | 32.87% |
| Jun 30, 2025 | 22.11% |
| Mar 31, 2025 | 52.35% |
| Dec 31, 2024 | 91.07% |
| Sep 30, 2024 | 37.89% |
| Jun 30, 2024 | 12.10% |
| Mar 31, 2024 | 46.70% |
| Dec 31, 2023 | 15.79% |
| Sep 30, 2023 | 14.53% |
| Jun 30, 2023 | 0.52% |
| Mar 31, 2023 | 37.95% |
| Dec 31, 2022 | 23.68% |
| Sep 30, 2022 | 44.86% |
| Jun 30, 2022 | 36.74% |
| Mar 31, 2022 | 50.72% |
| Dec 31, 2021 | 37.02% |
| Sep 30, 2021 | 47.47% |
API Access
Nuscale Power Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SMR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SMR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SMR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();