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Side-by-side financial comparison of A. O. Smith (AOS) and NUSCALE POWER Corp (SMR). Click either name above to swap in a different company.
A. O. Smith is the larger business by last-quarter revenue ($912.5M vs $1.8M, roughly 504.7× NUSCALE POWER Corp). A. O. Smith runs the higher net margin — 13.7% vs -2811.3%, a 2825.1% gap on every dollar of revenue. On growth, A. O. Smith posted the faster year-over-year revenue change (0.0% vs -94.7%). Over the past eight quarters, NUSCALE POWER Corp's revenue compounded faster (14.5% CAGR vs -3.4%).
A. O. Smith Corporation is an American manufacturer of both residential and commercial water heaters and boilers, and the largest manufacturer and marketer of water heaters in North America. It also supplies water treatment and purification products in the Asian market. The company has 27 locations worldwide, including five manufacturing facilities in North America, as well as plants in Bengaluru in India, Nanjing in China and Veldhoven in The Netherlands.
NuScale Power Corporation is a publicly traded American company that designs and markets small modular reactors (SMRs). It is headquartered in Tigard, Oregon. The company's VOYGR power plant, which uses 50 MWe modules and scales to 12 modules, was the first SMR to be certified by the US Nuclear Regulatory Commission (NRC) (2022). The newer 77 MWe module designs, known as the VOYGR-4 and VOYGR-6, were submitted for NRC review on January 1, 2023, and approved May 29, 2025. NuScale is now seekin...
AOS vs SMR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $912.5M | $1.8M |
| Net Profit | $125.4M | $-50.8M |
| Gross Margin | 38.4% | -3.4% |
| Operating Margin | 17.9% | -4022.2% |
| Net Margin | 13.7% | -2811.3% |
| Revenue YoY | 0.0% | -94.7% |
| Net Profit YoY | 14.3% | 32.2% |
| EPS (diluted) | $0.89 | $-0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $912.5M | $1.8M | ||
| Q3 25 | $942.5M | $8.2M | ||
| Q2 25 | $1.0B | $8.1M | ||
| Q1 25 | $963.9M | $13.4M | ||
| Q4 24 | $912.4M | $34.2M | ||
| Q3 24 | $902.6M | $475.0K | ||
| Q2 24 | $1.0B | $967.0K | ||
| Q1 24 | $978.8M | $1.4M |
| Q4 25 | $125.4M | $-50.8M | ||
| Q3 25 | $132.0M | $-273.3M | ||
| Q2 25 | $152.2M | $-17.6M | ||
| Q1 25 | $136.6M | $-14.0M | ||
| Q4 24 | $109.7M | $-75.0M | ||
| Q3 24 | $120.1M | $-17.5M | ||
| Q2 24 | $156.2M | $-27.6M | ||
| Q1 24 | $147.6M | $-16.6M |
| Q4 25 | 38.4% | -3.4% | ||
| Q3 25 | 38.7% | 32.9% | ||
| Q2 25 | 39.3% | 22.1% | ||
| Q1 25 | 38.9% | 52.4% | ||
| Q4 24 | 37.1% | 91.1% | ||
| Q3 24 | 37.4% | 37.9% | ||
| Q2 24 | 38.7% | 12.1% | ||
| Q1 24 | 39.3% | 46.7% |
| Q4 25 | 17.9% | -4022.2% | ||
| Q3 25 | 18.6% | -6532.9% | ||
| Q2 25 | 20.4% | -534.9% | ||
| Q1 25 | 19.1% | -264.1% | ||
| Q4 24 | 10.1% | -34.6% | ||
| Q3 24 | 19.5% | -8635.6% | ||
| Q2 24 | 21.9% | -4330.7% | ||
| Q1 24 | 22.0% | -3188.8% |
| Q4 25 | 13.7% | -2811.3% | ||
| Q3 25 | 14.0% | -3316.2% | ||
| Q2 25 | 15.0% | -219.0% | ||
| Q1 25 | 14.2% | -104.7% | ||
| Q4 24 | 12.0% | -219.1% | ||
| Q3 24 | 13.3% | -3675.6% | ||
| Q2 24 | 15.2% | -2855.9% | ||
| Q1 24 | 15.1% | -1201.7% |
| Q4 25 | $0.89 | $-0.08 | ||
| Q3 25 | $0.94 | $-1.85 | ||
| Q2 25 | $1.07 | $-0.13 | ||
| Q1 25 | $0.95 | $-0.11 | ||
| Q4 24 | $0.75 | $-0.77 | ||
| Q3 24 | $0.82 | $-0.18 | ||
| Q2 24 | $1.06 | $-0.31 | ||
| Q1 24 | $1.00 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $193.2M | $1.3B |
| Total DebtLower is stronger | $155.0M | — |
| Stockholders' EquityBook value | $1.9B | $1.2B |
| Total Assets | $3.1B | $1.4B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $193.2M | $1.3B | ||
| Q3 25 | $172.8M | $691.8M | ||
| Q2 25 | $177.9M | $420.7M | ||
| Q1 25 | $200.2M | $521.4M | ||
| Q4 24 | $276.1M | $441.6M | ||
| Q3 24 | $255.6M | $156.6M | ||
| Q2 24 | $233.3M | $130.9M | ||
| Q1 24 | $303.1M | $132.0M |
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $828.7M | ||
| Q2 25 | $1.8B | $692.9M | ||
| Q1 25 | $1.9B | $704.0M | ||
| Q4 24 | $1.9B | $618.7M | ||
| Q3 24 | $1.9B | $160.1M | ||
| Q2 24 | $1.9B | $136.3M | ||
| Q1 24 | $1.9B | $125.1M |
| Q4 25 | $3.1B | $1.4B | ||
| Q3 25 | $3.2B | $883.1M | ||
| Q2 25 | $3.2B | $606.5M | ||
| Q1 25 | $3.3B | $618.1M | ||
| Q4 24 | $3.2B | $544.7M | ||
| Q3 24 | $3.2B | $253.3M | ||
| Q2 24 | $3.2B | $229.2M | ||
| Q1 24 | $3.2B | $229.8M |
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $183.1M | $-203.7M |
| Free Cash FlowOCF − Capex | $165.5M | — |
| FCF MarginFCF / Revenue | 18.1% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | 1.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $546.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.1M | $-203.7M | ||
| Q3 25 | $255.4M | $-199.8M | ||
| Q2 25 | $139.6M | $-33.3M | ||
| Q1 25 | $38.7M | $-22.8M | ||
| Q4 24 | $221.9M | $-26.4M | ||
| Q3 24 | $195.9M | $-12.7M | ||
| Q2 24 | $57.4M | $-36.0M | ||
| Q1 24 | $106.6M | $-33.5M |
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | $-199.9M | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | $-22.9M | ||
| Q4 24 | $191.3M | $-26.5M | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | — | ||
| Q1 24 | $84.6M | — |
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | -2425.1% | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | -170.9% | ||
| Q4 24 | 21.0% | -77.3% | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 8.6% | — |
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | 0.9% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | 0.5% | ||
| Q4 24 | 3.4% | 0.1% | ||
| Q3 24 | 3.6% | 0.0% | ||
| Q2 24 | 2.2% | 0.0% | ||
| Q1 24 | 2.2% | 0.0% |
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.72× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AOS
| North America Segment | $713.7M | 78% |
| Rest Of World | $158.3M | 17% |
| Other | $40.5M | 4% |
SMR
Segment breakdown not available.
