NuScale PowerSMR -5.99%64 Gross Margin % is 3.72% as of Mar. 2026, which is 90% below its 10-year median of 38.01. GuruFocus rates SMR with a GF Score™ of 64/100 and a GF Value™ of $5.13 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,003 Industrial Products companies, NuScale Power ranks worse than 57.58% on this metric.
The historical rank and industry rank for NuScale Power's Gross Margin % or its related term are showing as below:
SMR'
s Gross Margin % Range Over the Past 10 Years
Min: 13.94 Med: 38.01 Max: 86.67
Current: 23.84
During the past 7 years, the highestGross Margin % of NuScale Power was 86.67%. The lowest was 13.94%. And the median was 38.01%.
SMR's Gross Margin % is ranked worse than 57.58% of 3003
companies
in the Industrial Products industry
Industry Median: 26.79
vs SMR: 23.84
NuScale Power had a gross margin of 3.72% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for NuScale Power was 3.10% per year.
NuScale Power (NYSE:SMR) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
NuScale Power had a gross margin of 3.72% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
NuScale Power Gross Margin % Related Terms
NuScale Power Gross Margin % Historical Data
* Premium members only.
The historical data trend for NuScale Power's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Industrial Machinery subindustry, NuScale Power's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NuScale Power Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NuScale Power's Gross Margin % distribution charts can be found below:
* The bar in red indicates where NuScale Power's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
NuScale Power (SMR) has a Gross Margin % of 3.72% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on NuScale Power and its competitors. This is 90% below median its historical median of 38.01. Over the past decade, NuScale Power's Gross Margin % has ranged from 13.94 to 86.67. According to the industry distribution chart, NuScale Power ranks #1729 out of 3003 companies in the Industrial Products industry, placing it in the top 57.6%.
Is NuScale Power's Gross Margin % too high?
NuScale Power's current Gross Margin % of 3.72% is 90% below median its 10-year median of 38.01. Over the past 10 years, this metric has ranged from a low of 13.94 to a high of 86.67. The Industrial Products industry median Gross Margin % is 26.79. NuScale Power's value of 3.72% is 86.1% below this industry median. Based on the distribution chart, NuScale Power ranks #1729 out of 3003 companies in the Industrial Products industry, which is below the industry midpoint. Overall, NuScale Power has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NuScale Power's Gross Margin % compare to FELE and MIR?
According to the Industrial Products industry distribution chart, NuScale Power ranks #1729 out of 3003 companies for Gross Margin %. This places NuScale Power in the lower half of its industry. The industry median Gross Margin % is 26.79. NuScale Power's value of 3.72% is 86.1% below this benchmark. Historically, NuScale Power's own Gross Margin % has ranged from 13.94 to 86.67 over the past decade. While the company's 10-year median is 38.01 vs. the industry median of 26.79, NuScale Power has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.79, based on 3,003 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NuScale Power's current Gross Margin % of 3.72% is 86.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on NuScale Power and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NuScale Power's current Gross Margin % is 3.72%, which is 90% below median its own 10-year median of 38.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NuScale Power stock overvalued right now?
Based on GuruFocus' analysis, NuScale Power (SMR) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.13, compared to a current price of $10.21 — trading 99% above its estimated fair value. The current Gross Margin % is 3.72%, which is 90% below median its 10-year median of 38.01 and 86.1% below the Industrial Products industry median of 26.79. NuScale Power's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For NuScale Power (SMR), the current Gross Margin % is 3.72% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NuScale Power (SMR) Overvalued in 2026?
Based on GuruFocus' analysis, NuScale Power stock appears to be overvalued.
The current stock price of $10.21 is trading 99% above its estimated GF Value™ of $5.13.
GuruFocus considers NuScale Power to be Significantly Overvalued.
Key valuation signals for SMR:
Gross Margin %: 3.72% (90% below median its 10-year median of 38.01)
GF Value™: $5.13 vs. price of $10.21 (99% above fair value)
Industry Position: 86.1% below the Industrial Products median (#1729 of 3003)
No single metric tells the full story. See the SMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NuScale Power Corp is redefining nuclear power through the development of proprietary and inventive SMR technology that the Company believes will deliver safe, scalable, cost-effective and reliable carbon-free power. The Company's core technology, the Light Water Nuclear Reactor NuScale Power Module (NPM), can generate 77 MWe and is premised on well-established nuclear technology principles, with a focus on the integration of components, simplification or elimination of systems and use of passive safety features. Its products are VOYGR Plants and E2 Centers.
64GF Score
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