Napco Security Financials
This page shows Napco Security (NSSC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Napco Security has an operating margin of 25.5%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 28.5% the prior year.
Napco Security's revenue declined 3.8% year-over-year, from $188.8M to $181.6M. This contraction results in a growth score of 18/100.
Napco Security carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 6.75, Napco Security holds $6.75 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Napco Security converts 28.3% of revenue into free cash flow ($51.4M). This strong cash generation earns a score of 100/100.
Napco Security earns a strong 25.7% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 27.9% the prior year.
Napco Security scores 35.92, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.6B) relative to total liabilities ($29.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Napco Security passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Napco Security generates $1.23 in operating cash flow ($53.5M OCF vs $43.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Napco Security generated $181.6M in revenue in fiscal year 2025. This represents a decrease of 3.8% from the prior year.
Napco Security's EBITDA was $48.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.3% from the prior year.
Napco Security generated $51.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 17.4% from the prior year.
Napco Security reported $43.4M in net income in fiscal year 2025. This represents a decrease of 12.9% from the prior year.
Napco Security earned $1.19 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 11.2% from the prior year.
Napco Security held $83.1M in cash against $0 in long-term debt as of fiscal year 2025.
Napco Security paid $0.52 per share in dividends in fiscal year 2025. This represents an increase of 44.4% from the prior year.
Napco Security had 36M shares outstanding in fiscal year 2025. This represents a decrease of 3.3% from the prior year.
Napco Security's gross margin was 55.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.
Napco Security's operating margin was 25.5% in fiscal year 2025, reflecting core business profitability. This is down 3.0 percentage points from the prior year.
Napco Security's net profit margin was 23.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.5 percentage points from the prior year.
Napco Security's ROE was 25.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.1 percentage points from the prior year.
Napco Security invested $12.6M in research and development in fiscal year 2025. This represents an increase of 16.9% from the prior year.
Napco Security spent $36.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Napco Security invested $2.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 32.7% from the prior year.
NSSC Income Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.2M-2.0% | $49.2M+11.8% | $44.0M+2.4% | $42.9M-2.4% | $44.0M-10.7% | $49.3M+3.6% | $47.5M+14.1% | $41.7M |
| Cost of Revenue | $19.9M-6.5% | $21.3M+13.2% | $18.8M+2.1% | $18.4M-4.9% | $19.4M-14.9% | $22.8M+1.1% | $22.5M+17.0% | $19.3M |
| Gross Profit | $28.2M+1.4% | $27.8M+10.8% | $25.1M+2.6% | $24.5M-0.5% | $24.6M-7.1% | $26.5M+5.9% | $25.0M+11.6% | $22.4M |
| R&D Expenses | $3.5M+7.2% | $3.2M+1.7% | $3.2M+2.5% | $3.1M+1.6% | $3.1M+10.9% | $2.8M+8.5% | $2.5M+4.3% | $2.4M |
| SG&A Expenses | $10.0M-8.7% | $11.0M+1.5% | $10.8M+5.7% | $10.2M+5.2% | $9.7M+5.1% | $9.2M+6.6% | $8.7M+2.9% | $8.4M |
| Operating Income | $14.8M+8.1% | $13.6M+22.4% | $11.1M-0.2% | $11.2M-5.8% | $11.9M-18.2% | $14.5M+5.0% | $13.8M+19.5% | $11.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2.2M-9.5% | $2.5M+31.0% | $1.9M+16.1% | $1.6M-10.5% | $1.8M-6.2% | $1.9M+0.6% | $1.9M+26.8% | $1.5M |
| Net Income | $13.5M+11.0% | $12.2M+20.2% | $10.1M-3.3% | $10.5M-6.4% | $11.2M-15.2% | $13.2M+4.6% | $12.6M+20.3% | $10.5M |
| EPS (Diluted) | $0.38+11.8% | $0.34+21.4% | $0.280.0% | $0.28-6.7% | $0.30-16.7% | $0.36+5.9% | $0.34+21.4% | $0.28 |
NSSC Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $212.8M+3.3% | $206.0M+7.9% | $190.9M-5.8% | $202.7M-3.4% | $209.9M+7.8% | $194.8M+4.8% | $185.9M+5.2% | $176.7M |
| Current Assets | $181.5M+4.8% | $173.2M+13.7% | $152.4M-7.5% | $164.7M-3.9% | $171.4M+8.4% | $158.2M+5.7% | $149.7M+8.7% | $137.8M |
| Cash & Equivalents | $104.9M+10.0% | $95.4M+29.9% | $73.4M-14.7% | $86.0M+0.5% | $85.6M+54.2% | $55.5M+17.3% | $47.3M+8.6% | $43.6M |
| Inventory | $32.7M+4.4% | $31.3M-9.2% | $34.5M-8.5% | $37.6M+3.4% | $36.4M-1.7% | $37.0M-5.9% | $39.3M+6.4% | $36.9M |
| Accounts Receivable | $28.1M-8.5% | $30.7M+26.5% | $24.3M+3.4% | $23.5M-16.9% | $28.2M-6.7% | $30.3M+9.9% | $27.6M+20.2% | $22.9M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $28.0M-6.2% | $29.9M+1.8% | $29.3M+3.0% | $28.5M-9.0% | $31.3M+17.6% | $26.6M-4.6% | $27.9M-2.7% | $28.7M |
| Current Liabilities | $22.7M-7.4% | $24.5M+8.5% | $22.6M+3.6% | $21.8M-11.6% | $24.7M+23.8% | $19.9M-6.0% | $21.2M-3.1% | $21.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $184.8M+4.9% | $176.1M+9.0% | $161.5M-7.3% | $174.2M-2.5% | $178.6M+6.2% | $168.2M+6.5% | $158.0M+6.7% | $148.0M |
| Retained Earnings | $214.8M+4.1% | $206.3M+7.2% | $192.4M+3.0% | $186.8M+3.3% | $180.9M+10.0% | $164.5M+6.1% | $154.9M+6.7% | $145.3M |
NSSC Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.1M+29.7% | $11.6M-13.0% | $13.4M-0.9% | $13.5M+12.3% | $12.0M-2.5% | $12.3M+64.9% | $7.5M-33.2% | $11.2M |
| Capital Expenditures | $585K+203.1% | $193K+196.9% | $65K-94.3% | $1.1M+66.8% | $680K+88.4% | $361K-15.3% | $426K+66.4% | $256K |
| Free Cash Flow | $14.5M+26.8% | $11.4M-14.0% | $13.3M+7.7% | $12.4M+9.0% | $11.3M-5.3% | $12.0M+69.7% | $7.1M-35.6% | $11.0M |
| Investing Cash Flow | -$586K-110.3% | $5.7M+314.5% | -$2.6M-216.9% | $2.3M-85.4% | $15.5M+1872.5% | -$872K-7.8% | -$809K-25.4% | -$645K |
| Financing Cash Flow | -$5.0M0.0% | -$5.0M+78.6% | -$23.3M-52.2% | -$15.3M-112.3% | -$7.2M-121.7% | -$3.3M-10.8% | -$2.9M0.0% | -$2.9M |
| Dividends Paid | $5.0M0.0% | $5.0M+9.6% | $4.6M+23.5% | $3.7M | N/A | $3.7M+25.4% | $2.9M0.0% | $2.9M |
| Share Buybacks | $0 | N/A | $18.8M+75.1% | $10.7M+47.4% | $7.3M | N/A | N/A | N/A |
NSSC Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.6%+2.0pp | 56.6%-0.5pp | 57.2%+0.1pp | 57.0%+1.1pp | 55.9%+2.2pp | 53.8%+1.2pp | 52.6%-1.2pp | 53.8% |
| Operating Margin | 30.6%+2.9pp | 27.8%+2.4pp | 25.4%-0.7pp | 26.0%-0.9pp | 26.9%-2.5pp | 29.4%+0.4pp | 29.0%+1.3pp | 27.7% |
| Net Margin | 28.0%+3.3pp | 24.7%+1.7pp | 23.0%-1.4pp | 24.4%-1.0pp | 25.4%-1.4pp | 26.8%+0.3pp | 26.5%+1.4pp | 25.1% |
| Return on Equity | 7.3%+0.4pp | 6.9%+0.6pp | 6.3%+0.3pp | 6.0%-0.3pp | 6.3%-1.6pp | 7.8%-0.1pp | 8.0%+0.9pp | 7.1% |
| Return on Assets | 6.3%+0.4pp | 5.9%+0.6pp | 5.3%+0.1pp | 5.2%-0.2pp | 5.3%-1.4pp | 6.8%-0.0pp | 6.8%+0.9pp | 5.9% |
| Current Ratio | 7.99+0.9 | 7.06+0.3 | 6.74-0.8 | 7.55+0.6 | 6.94-1.0 | 7.93+0.9 | 7.06+0.8 | 6.29 |
| Debt-to-Equity | 0.15-0.0 | 0.17-0.0 | 0.18+0.0 | 0.16-0.0 | 0.18+0.0 | 0.16-0.0 | 0.18-0.0 | 0.19 |
| FCF Margin | 30.1%+6.9pp | 23.3%-7.0pp | 30.3%+1.5pp | 28.8%+3.0pp | 25.8%+1.5pp | 24.3%+9.5pp | 14.8%-11.4pp | 26.3% |
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Frequently Asked Questions
What is Napco Security's annual revenue?
Napco Security (NSSC) reported $181.6M in total revenue for fiscal year 2025. This represents a -3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Napco Security's revenue growing?
Napco Security (NSSC) revenue declined by 3.8% year-over-year, from $188.8M to $181.6M in fiscal year 2025.
Is Napco Security profitable?
Yes, Napco Security (NSSC) reported a net income of $43.4M in fiscal year 2025, with a net profit margin of 23.9%.
What is Napco Security's earnings per share (EPS)?
Napco Security (NSSC) reported diluted earnings per share of $1.19 for fiscal year 2025. This represents a -11.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Napco Security's EBITDA?
Napco Security (NSSC) had EBITDA of $48.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Napco Security's gross margin?
Napco Security (NSSC) had a gross margin of 55.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Napco Security's operating margin?
Napco Security (NSSC) had an operating margin of 25.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Napco Security's net profit margin?
Napco Security (NSSC) had a net profit margin of 23.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Napco Security pay dividends?
Yes, Napco Security (NSSC) paid $0.52 per share in dividends during fiscal year 2025.
What is Napco Security's return on equity (ROE)?
Napco Security (NSSC) has a return on equity of 25.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Napco Security's free cash flow?
Napco Security (NSSC) generated $51.4M in free cash flow during fiscal year 2025. This represents a 17.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Napco Security's operating cash flow?
Napco Security (NSSC) generated $53.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Napco Security's total assets?
Napco Security (NSSC) had $198.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Napco Security's capital expenditures?
Napco Security (NSSC) invested $2.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Napco Security spend on research and development?
Napco Security (NSSC) invested $12.6M in research and development during fiscal year 2025.
Does Napco Security buy back shares?
Yes, Napco Security (NSSC) spent $36.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Napco Security have outstanding?
Napco Security (NSSC) had 36M shares outstanding as of fiscal year 2025.
What is Napco Security's current ratio?
Napco Security (NSSC) had a current ratio of 6.75 as of fiscal year 2025, which is generally considered healthy.
What is Napco Security's debt-to-equity ratio?
Napco Security (NSSC) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Napco Security's return on assets (ROA)?
Napco Security (NSSC) had a return on assets of 21.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Napco Security's Altman Z-Score?
Napco Security (NSSC) has an Altman Z-Score of 35.92, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Napco Security's Piotroski F-Score?
Napco Security (NSSC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Napco Security's earnings high quality?
Napco Security (NSSC) has an earnings quality ratio of 1.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Napco Security?
Napco Security (NSSC) scores 86 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.