Napco Security Technologies, Inc. (NSSC) 10-Year Financial Performance & Capital Metrics

NSSC • • Industrial / General

IndustrialsSecurity ServicesElectronic Security & MonitoringAccess Control Systems

AboutNapco Security Technologies, Inc. develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks. The company's alarm systems include automatic communicators, cellular communication devices, control panels, combination control panels/digital communicators and digital keypad systems, fire alarm control panels, and area detectors; and video surveillance systems comprise video cameras, control panels, video monitors, or PCs. It also buys and resells various identification readers, video cameras, PC-based computers, and peripheral equipment for access control and video surveillance systems; offers school security products; and markets peripheral and related equipment manufactured by other companies. The company markets and sells its products primarily to independent distributors, dealers, and installers of security equipment. Napco Security Technologies, Inc. was founded in 1969 and is headquartered in Amityville, New York.Show more

Revenue $182M -3.8%
EBITDA $49M -13.3%
Net Income $43M -12.9%
EPS (Diluted) 1.19 -11.2%
Gross Margin 55.63% +3.2%
EBITDA Margin 26.72% -9.9%
Operating Margin 25.47% -10.6%
Net Margin 23.9% -9.4%
ROE 25.74% -10.2%
ROIC 38.18% -0.7%
Debt/Equity 0.03
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 23.8%
✓Strong 5Y profit CAGR of 41.0%
✓FCF machine: 28.3% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 12.4%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.85%

5Y12.37%

3Y8.15%

TTM0.49%

Profit (Net Income) CAGR

10Y24.52%

5Y40.98%

3Y30.35%

TTM-8.51%

EPS CAGR

10Y24.78%

5Y38.92%

3Y30.95%

TTM-6.15%

ROCE

10Y Avg17.42%

5Y Avg21.15%

3Y Avg24.92%

Latest26.57%

Peer Comparison

Access Control Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NSSCNapco Security Technologies, Inc.	1.41B	39.52	33.21	-3.81%	23.76%	27.48%	3.65%	0.03
KSCPKnightscope, Inc.	49.72M	4.45	-0.41	-15.57%	-256.09%	-110.54%		0.36

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	82.51M	87.37M	91.75M	102.93M	101.36M	143.59M	143.59M	170M	188.82M	181.62M
Revenue Growth %	0.06%	0.06%	0.05%	0.12%	-0.02%	0.42%	0%	0.18%	0.11%	-0.04%
Cost of Goods Sold+	54.93M	57.8M	53.75M	59.04M	58.52M	84.44M	84.44M	96.76M	87.07M	80.59M
COGS % of Revenue	0.67%	0.66%	0.59%	0.57%	0.58%	0.59%	0.59%	0.57%	0.46%	0.44%
Gross Profit+	27.58M	29.58M	37.99M	43.89M	42.84M	59.16M	59.16M	73.23M	101.75M	101.03M
Gross Margin %	0.33%	0.34%	0.41%	0.43%	0.42%	0.41%	0.41%	0.43%	0.54%	0.56%
Gross Profit Growth %	0.06%	0.07%	0.28%	0.16%	-0.02%	0.38%	0%	0.24%	0.39%	-0.01%
Operating Expenses+	21.26M	23.2M	29.58M	30.42M	32.78M	40.93M	40.93M	42.91M	47.94M	54.77M
OpEx % of Revenue	0.26%	0.27%	0.32%	0.3%	0.32%	0.29%	0.29%	0.25%	0.25%	0.3%
Selling, General & Admin	21.26M	23.2M	22.95M	23.21M	23.67M	32.91M	32.91M	33.58M	37.17M	42.19M
SG&A % of Revenue	0.26%	0.27%	0.25%	0.23%	0.23%	0.23%	0.23%	0.2%	0.2%	0.23%
Research & Development	6.17M	6.72M	6.63M	7.21M	7.26M	8.02M	8.02M	9.33M	10.76M	12.58M
R&D % of Revenue	0.07%	0.08%	0.07%	0.07%	0.07%	0.06%	0.06%	0.05%	0.06%	0.07%
Other Operating Expenses	0	0	0	0	1.85M	0	0	0	0	0
Operating Income+	6.32M	6.38M	8.41M	13.47M	10.06M	18.23M	18.23M	30.32M	53.82M	46.26M
Operating Margin %	0.08%	0.07%	0.09%	0.13%	0.1%	0.13%	0.13%	0.18%	0.29%	0.25%
Operating Income Growth %	0.2%	0.01%	0.32%	0.6%	-0.25%	0.81%	0%	0.66%	0.77%	-0.14%
EBITDA+	7.74M	7.75M	9.82M	14.86M	11.56M	20M	20M	32.26M	55.98M	48.53M
EBITDA Margin %	0.09%	0.09%	0.11%	0.14%	0.11%	0.14%	0.14%	0.19%	0.3%	0.27%
EBITDA Growth %	0.13%	0%	0.27%	0.51%	-0.22%	0.73%	0%	0.61%	0.74%	-0.13%
D&A (Non-Cash Add-back)	1.42M	1.37M	1.4M	1.4M	1.5M	1.77M	1.77M	1.93M	2.16M	2.28M
EBIT	6.32M	6.38M	8.41M	13.47M	11.92M	18.23M	18.23M	30.32M	53.82M	46.26M
Net Interest Income+	-179K	-83K	-81K	-21K	-9K	-283K	-283K	0	2.51M	3.81M
Interest Income	0	0	0	0	0	0	0	0	2.51M	3.8M
Interest Expense	179K	83K	81K	21K	9K	283K	283K	0	0	0
Other Income/Expense	-179K	-83K	-81K	-21K	-9K	3.62M	3.62M	903K	2.57M	3.81M
Pretax Income+	6.14M	6.29M	8.33M	13.45M	10.06M	21.85M	21.85M	31.23M	56.39M	50.07M
Pretax Margin %	0.07%	0.07%	0.09%	0.13%	0.1%	0.15%	0.15%	0.18%	0.3%	0.28%
Income Tax+	371K	696K	684K	1.22M	2.26M	2.25M	2.25M	4.1M	6.57M	6.66M
Effective Tax Rate %	0.94%	0.89%	0.92%	0.91%	0.78%	0.9%	0.9%	0.87%	0.88%	0.87%
Net Income+	5.77M	5.6M	7.65M	12.22M	7.79M	19.6M	19.6M	27.13M	49.82M	43.41M
Net Margin %	0.07%	0.06%	0.08%	0.12%	0.08%	0.14%	0.14%	0.16%	0.26%	0.24%
Net Income Growth %	0.19%	-0.03%	0.37%	0.6%	-0.36%	1.51%	0%	0.38%	0.84%	-0.13%
Net Income (Continuing)	5.77M	5.6M	7.65M	12.48M	7.79M	19.6M	19.6M	27.13M	49.82M	43.41M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.16	0.15	0.20	0.33	0.23	0.53	0.53	0.73	1.34	1.19
EPS Growth %	0.23%	-0.06%	0.33%	0.65%	-0.3%	1.3%	0%	0.38%	0.84%	-0.11%
EPS (Basic)	0.16	0.15	0.20	0.33	0.23	0.53	0.53	0.74	1.35	1.20
Diluted Shares Outstanding	37.79M	37.71M	37.65M	37.25M	36.99M	36.87M	36.87M	37.01M	37.07M	36.5M
Basic Shares Outstanding	37.75M	37.62M	37.58M	37.15M	36.89M	36.73M	36.73M	36.74M	36.81M	36.3M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.08%	0.27%	0.31%

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	45.88M	51.27M	53.7M	65.45M	77.96M	119.64M	131.36M	168.76M	162.44M	162.44M
Cash & Short-Term Investments	3.81M	3.45M	5.31M	8.03M	18.25M	46.8M	66.75M	97.72M	99.18M	99.18M
Cash Only	3.81M	3.45M	5.31M	8.03M	18.25M	41.73M	35.95M	65.34M	83.08M	83.08M
Short-Term Investments	0	0	0	0	0	5.07M	30.8M	32.38M	16.09M	16.09M
Accounts Receivable	19.01M	20.27M	22.74M	25.97M	22.93M	29.22M	26.14M	31.97M	30.11M	30.11M
Days Sales Outstanding	84.1	84.7	90.46	92.09	82.58	74.27	66.46	68.64	58.2	60.51
Inventory	21.43M	26.21M	24.53M	29.58M	34.73M	40.78M	35.06M	34.8M	29.96M	29.96M
Days Inventory Outstanding	142.39	165.54	166.59	182.84	216.62	176.29	151.56	131.28	125.61	135.7
Other Current Assets	703K	0	0	820K	0	0	3.4M	4.27M	3.2M	3.2M
Total Non-Current Assets+	18.89M	19.59M	19.57M	20.45M	26.54M	28.94M	35.3M	38.99M	35.7M	35.7M
Property, Plant & Equipment	6.05M	6.54M	6.79M	7.69M	15.48M	15.29M	15.11M	14.56M	14.42M	14.42M
Fixed Asset Turnover	13.64x	13.35x	13.51x	13.38x	6.55x	9.39x	9.51x	11.67x	13.09x	12.59x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	8.36M	7.92M	7.54M	7.23M	5.12M	4.3M	3.94M	3.6M	3.29M	3.29M
Long-Term Investments	0	0	0	-72K	0	0	0	0	0	0
Other Non-Current Assets	4.04M	4.49M	4.67M	5.53M	5.94M	9.35M	13.6M	15.39M	11.51M	11.51M
Total Assets+	64.77M	70.86M	73.27M	85.91M	104.5M	148.58M	166.65M	207.75M	198.14M	198.14M
Asset Turnover	1.27x	1.23x	1.25x	1.20x	0.97x	0.97x	0.86x	0.82x	0.95x	0.92x
Asset Growth %	-0%	0.09%	0.03%	0.17%	0.22%	0.42%	0.12%	0.25%	-0.05%	0%
Total Current Liabilities+	9M	10.47M	9.4M	14.37M	17.5M	26.49M	19.69M	22.23M	24.06M	24.06M
Accounts Payable	4.33M	5.65M	4.81M	5.13M	6.55M	11.07M	8.06M	7.98M	5.74M	5.74M
Days Payables Outstanding	28.76	35.7	32.64	31.74	40.84	47.86	34.85	30.09	24.07	26.01
Short-Term Debt	300K	0	0	0	1.79M	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.89M	2.21M	2.11M	6.27M	0	0	0	0	0	0
Current Ratio	5.10x	4.90x	5.71x	4.55x	4.45x	4.52x	6.67x	7.59x	6.75x	6.75x
Quick Ratio	2.72x	2.39x	3.10x	2.50x	2.47x	2.98x	4.89x	6.03x	5.51x	5.51x
Cash Conversion Cycle	197.73	214.53	224.41	243.19	258.36	202.69	183.17	169.84	159.74	170.2
Total Non-Current Liabilities+	4.5M	3.5M	414K	364K	10.45M	8.29M	6.8M	6.63M	5.48M	5.48M
Long-Term Debt	4.5M	3.5M	0	0	2.11M	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	7.11M	7.07M	5.69M	5.51M	5.33M	5.33M
Deferred Tax Liabilities	0	0	0	72K	43K	166K	0	0	0	0
Other Non-Current Liabilities	0	0	414K	292K	1.19M	1.06M	1.11M	1.12M	143K	143K
Total Liabilities	13.5M	13.97M	9.82M	14.74M	27.96M	34.78M	26.48M	28.86M	29.54M	29.54M
Total Debt+	4.8M	3.5M	0	0	11.02M	7.07M	5.69M	5.51M	5.33M	5.33M
Net Debt	995K	46K	-5.31M	-8.03M	-7.23M	-34.66M	-30.27M	-59.83M	-77.75M	-77.75M
Debt / Equity	0.09x	0.06x	-	-	0.14x	0.06x	0.04x	0.03x	0.03x	0.03x
Debt / EBITDA	0.62x	0.45x	-	-	0.95x	0.35x	0.28x	0.17x	0.10x	0.11x
Net Debt / EBITDA	0.13x	0.01x	-0.54x	-0.54x	-0.63x	-1.73x	-1.51x	-1.85x	-1.39x	-1.60x
Interest Coverage	35.32x	76.84x	103.88x	641.24x	1118.33x	64.40x	64.40x	-	-	-
Total Equity+	51.27M	56.89M	63.45M	71.17M	76.54M	113.79M	140.17M	178.89M	168.61M	168.61M
Equity Growth %	0.1%	0.11%	0.12%	0.12%	0.08%	0.49%	0.23%	0.28%	-0.06%	0%
Book Value per Share	1.36	1.51	1.69	1.91	2.07	3.09	3.80	4.83	4.55	4.62
Total Shareholders' Equity	51.27M	56.89M	63.45M	71.17M	76.54M	113.79M	140.17M	178.89M	168.61M	168.61M
Common Stock	211K	212K	212K	212K	396K	396K	397K	398K	398K	398K
Retained Earnings	46.17M	51.77M	59.42M	70.92M	77.9M	112.91M	137.74M	174.3M	199.08M	199.08M
Treasury Stock	-11.73M	-11.73M	-13.07M	-17.07M	-19.52M	-19.52M	-19.52M	-19.52M	-56.31M	-56.31M
Accumulated OCI	-34.66M	-35.57M	-36.6M	0	0	0	0	0	160K	160K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	9.16M	2.45M	7.87M	8.65M	10.31M	22.99M	8.33M	24.7M	45.37M	53.53M
Operating CF Margin %	0.11%	0.03%	0.09%	0.08%	0.1%	0.16%	0.06%	0.15%	0.24%	0.29%
Operating CF Growth %	1.36%	-0.73%	2.21%	0.1%	0.19%	1.23%	-0.64%	1.96%	0.84%	0.18%
Net Income	5.77M	5.6M	7.65M	12.22M	8.52M	14.9M	19.6M	27.13M	49.82M	43.41M
Depreciation & Amortization	1.42M	1.37M	1.41M	1.41M	1.5M	1.7M	1.77M	1.93M	2.16M	2.28M
Stock-Based Compensation	103K	102K	146K	160K	583K	435K	1.65M	1.46M	1.73M	1.51M
Deferred Taxes	375K	361K	80K	755K	40K	235K	-214K	-2.82M	-2.78M	-1.05M
Other Non-Cash Items	-485K	-447K	828K	-298K	1.97M	428K	-2.27M	-962K	1.57M	403K
Working Capital Changes	1.97M	-4.54M	-2.25M	-5.6M	-2.3M	5.29M	-12.2M	-2.04M	-7.14M	6.98M
Change in Receivables	-988K	-1.27M	-2.5M	-1.44M	2.8M	-5.05M	-1.15M	3.26M	-5.73M	1.84M
Change in Inventory	1.99M	-4.79M	857K	-5.99M	-6.79M	8.79M	-19.27M	1.88M	-3.25M	8M
Change in Payables	864K	1.38M	-450K	1.85M	1.86M	1.89M	8.76M	-4.37M	2.69M	0
Cash from Investing+	-693K	-1.41M	-1.28M	-1.99M	-1.61M	-6.43M	-1.56M	-28.26M	-3.15M	14.59M
Capital Expenditures	-693K	-1.41M	-1.28M	-1.99M	-1.61M	-1.01M	-1.48M	-2.96M	-1.59M	-2.12M
CapEx % of Revenue	0.01%	0.02%	0.01%	0.02%	0.02%	0.01%	0.01%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-693K	-753K	0	0	0	0	10.13M	0	0
Cash from Financing+	-7.01M	-1.39M	-4.73M	-3.94M	1.53M	0	155K	-2.21M	-12.83M	-50.37M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-2.3M	-13.26M	-13.63M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-85K	106K	53K	79K	0	0	0	0	54K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	8.47M	1.03M	6.58M	6.67M	8.69M	21.98M	6.85M	21.74M	43.77M	51.41M
FCF Margin %	0.1%	0.01%	0.07%	0.06%	0.09%	0.15%	0.05%	0.13%	0.23%	0.28%
FCF Growth %	1.68%	-0.88%	5.37%	0.01%	0.3%	1.53%	-0.69%	2.17%	1.01%	0.17%
FCF per Share	0.22	0.03	0.17	0.18	0.23	0.60	0.19	0.59	1.18	1.41
FCF Conversion (FCF/Net Income)	1.59x	0.44x	1.03x	0.71x	1.32x	1.17x	0.43x	0.91x	0.91x	1.23x
Interest Paid	0	88K	82K	23K	29K	18K	16K	16K	14K	0
Taxes Paid	0	54K	186K	262K	749K	1.97M	2.17M	8.81M	9.33M	8.43M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	11.81%	10.35%	12.71%	18.16%	10.55%	20.59%	15.43%	17%	28.67%	25.74%
Return on Invested Capital (ROIC)	8.85%	8.76%	10.97%	16.65%	11.4%	18.42%	14.46%	19.87%	38.46%	38.18%
Gross Margin	33.43%	33.85%	41.41%	42.64%	42.27%	41.2%	41.2%	43.08%	53.89%	55.63%
Net Margin	7%	6.41%	8.34%	11.87%	7.69%	13.65%	13.65%	15.96%	26.38%	23.9%
Debt / Equity	0.09x	0.06x	-	-	0.14x	0.06x	0.04x	0.03x	0.03x	0.03x
Interest Coverage	35.32x	76.84x	103.88x	641.24x	1118.33x	64.40x	64.40x	-	-	-
FCF Conversion	1.59x	0.44x	1.03x	0.71x	1.32x	1.17x	0.43x	0.91x	0.91x	1.23x
Revenue Growth	6.11%	5.89%	5%	12.19%	-1.53%	41.67%	0%	18.39%	11.07%	-3.81%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Service	-	-	-	-	-	33.9M	-	-	75.75M	86.33M
Service Growth	-	-	-	-	-	-	-	-	-	13.97%
Door locking devices	-	-	-	-	-	-	-	62.72M	73.7M	62.21M
Door locking devices Growth	-	-	-	-	-	-	-	-	17.51%	-15.59%
Intrusion and access alarm products	-	-	-	-	-	-	-	47.34M	39.37M	33.08M
Intrusion and access alarm products Growth	-	-	-	-	-	-	-	-	-16.84%	-15.97%
Services	-	-	-	-	-	-	45.98M	59.94M	-	-
Services Growth	-	-	-	-	-	-	-	30.35%	-	-
Equipment	-	-	-	-	-	-	97.61M	-	-	-
Equipment Growth	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	-	-	80.13M	-	-	-	-
Product Growth	-	-	-	-	-	-	-	-	-	-
Door Locking Devices	-	-	-	53.95M	46M	43.34M	-	-	-	-
Door Locking Devices Growth	-	-	-	-	-14.73%	-5.80%	-	-	-	-
Intrusion And Alarm Product	-	-	-	31.56M	31.31M	36.79M	-	-	-	-
Intrusion And Alarm Product Growth	-	-	-	-	-0.78%	17.52%	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	-	-	-	-	-	-	-	-	187.72M	180.07M
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-4.08%
Non-US	-	-	-	-	-	-	-	-	1.1M	1.55M
Non-US Growth	-	-	-	-	-	-	-	-	-	41.33%
United States	-	-	-	-	-	-	142.06M	168.62M	-	-
United States Growth	-	-	-	-	-	-	-	18.70%	-	-
Foreign	2.58M	2.55M	2.26M	2.22M	1.86M	-	1.53M	1.38M	-	-
Foreign Growth	-	-1.08%	-11.67%	-1.77%	-15.93%	-	-	-10.17%	-	-
U	-	-	-	-	-	112.62M	-	-	-	-
U Growth	-	-	-	-	-	-	-	-	-	-
Non Us	-	-	-	-	-	1.42M	-	-	-	-
Non Us Growth	-	-	-	-	-	-	-	-	-	-
Domestic	79.93M	84.82M	89.49M	100.72M	99.5M	-	-	-	-	-
Domestic Growth	-	6.12%	5.51%	12.54%	-1.21%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Napco Security Technologies, Inc. (NSSC) has a price-to-earnings (P/E) ratio of 33.2x. This suggests investors expect higher future growth.

Growth & Financials

Napco Security Technologies, Inc. (NSSC) reported $186.8M in revenue for fiscal year 2025. This represents a 163% increase from $70.9M in 2012.

Napco Security Technologies, Inc. (NSSC) saw revenue decline by 3.8% over the past year.

Yes, Napco Security Technologies, Inc. (NSSC) is profitable, generating $44.4M in net income for fiscal year 2025 (23.9% net margin).

Dividend & Returns

Yes, Napco Security Technologies, Inc. (NSSC) pays a dividend with a yield of 0.95%. This makes it attractive for income-focused investors.

Napco Security Technologies, Inc. (NSSC) has a return on equity (ROE) of 25.7%. This is excellent, indicating efficient use of shareholder capital.

Napco Security Technologies, Inc. (NSSC) generated $53.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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