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Napco Security Technologies, Inc. engages in the development, manufacturing, and sale of electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. The company's access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; 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. Its 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. The company also buys and resells various identification readers, video cameras, PC-based computers, and various peripheral equipment for access control and video surveillance systems; offers school security products; and markets peripheral and related equipment manufactured by other companies. It markets and sells its products to independent distributors, dealers, and installers of security equipment. Napco Security Technologies, Inc. was founded in 1969 and is headquartered in Amityville, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $182M | $49M | $43M | $51M | 25.7% | -3.8% | -12.9% |
| 2024 | $189M | $56M | $50M | $44M | 27.8% | 11.1% | 83.6% |
| 2023 | $170M | $32M | $27M | $22M | 19.4% | 18.4% | 38.4% |
| 2022 | $144M | $20M | $20M | $7M | 17.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 143.59 | 170 | 188.82 | 181.62 |
| Operating Revenue | - | 143.59 | 170 | 188.82 | 181.62 |
| Cost Of Revenue | - | 84.44 | 96.76 | 87.07 | 80.59 |
| Gross Profit | - | 59.16 | 73.23 | 101.75 | 101.03 |
| Operating Expense | - | 40.93 | 42.91 | 47.94 | 54.77 |
| Research And Development | - | 8.02 | 9.33 | 10.76 | 12.58 |
| Selling General And Administration | - | 32.91 | 33.58 | 37.17 | 42.19 |
| Total Expenses | - | 125.37 | 139.67 | 135 | 135.36 |
| Operating Income | - | 18.23 | 30.32 | 53.82 | 46.26 |
| Total Operating Income As Reported | - | 18.23 | 30.32 | 53.82 | 46.26 |
| EBITDA | - | 20 | 32.26 | 55.98 | 48.54 |
| Normalized EBITDA | - | 16.09 | 32.26 | 55.98 | 48.54 |
| EBIT | - | 18.23 | 30.32 | 53.82 | 46.26 |
| Interest Expense | 0 | 0.28 | - | - | - |
| Net Interest Income | - | -0.28 | 0.90 | 2.57 | 3.81 |
| Other Income Expense | - | 3.90 | - | - | - |
| Interest Expense Non Operating | 0 | 0.28 | - | - | - |
| Net Non Operating Interest Income Expense | - | -0.28 | 0.90 | 2.57 | 3.81 |
| Pretax Income | - | 21.85 | 31.23 | 56.39 | 50.07 |
| Tax Provision | - | 2.25 | 4.10 | 6.57 | 6.66 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.40 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 19.60 | 27.13 | 49.82 | 43.41 |
| Net Income From Continuing And Discontinued Operation | - | 19.60 | 27.13 | 49.82 | 43.41 |
| Net Income From Continuing Operation Net Minority Interest | - | 19.60 | 27.13 | 49.82 | 43.41 |
| Net Income | - | 19.60 | 27.13 | 49.82 | 43.41 |
| Net Income Common Stockholders | - | 19.60 | 27.13 | 49.82 | 43.41 |
| Net Income Including Noncontrolling Interests | - | 19.60 | 27.13 | 49.82 | 43.41 |
| Normalized Income | - | 16.10 | 27.13 | 49.82 | 43.41 |
| Diluted NI Availto Com Stockholders | - | 19.60 | 27.13 | 49.82 | 43.41 |
| Basic Average Shares | - | 36.72 | 36.74 | 36.81 | 36.30 |
| Diluted Average Shares | - | 36.87 | 37.01 | 37.07 | 36.50 |
| Reconciled Depreciation | - | 1.77 | 1.93 | 2.16 | 2.28 |
| Reconciled Cost Of Revenue | - | 84.44 | 96.76 | 87.07 | 80.59 |
| Total Unusual Items | 0 | 3.90 | 0 | 0 | - |
| Total Unusual Items Excluding Goodwill | 0 | 3.90 | 0 | 0 | - |
| Special Income Charges | 0 | 3.90 | 0 | 0 | - |
| Other Special Charges | - | -3.90 | - | - | - |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Total Other Finance Cost | - | 0.28 | -0.90 | -2.57 | -3.81 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Napco Security Technologies, Inc.this co. | NSSC | $1.3B | 29.44↑ premium | 7.58 | 25.7% | 24.73 |
| Frontier Group Holdings, Inc. | ULCC | $1.3B | -9.81 | 2.74 | -27.9% | -191.76 |
| Cadre Holdings, Inc. | CDRE | $1.3B | 29.32 | 4.07 | 13.9% | 16.04 |
| Energizer Holdings, Inc. | ENR | $1.3B | 5.41 | 7.61 | 140.7% | 8.12 |
| Insperity, Inc. | NSP |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.3B |
| -182.50 |
| 27.77 |
| -15.2% |
| 16.47 |
| Distribution Solutions Group, Inc. | DSGR | $1.3B | 153.06 | 1.97 | 1.3% | 13.07 |
| ICF International, Inc. | ICFI | $1.2B | 13.60 | 1.21 | 8.9% | 9.01 |
| Heartland Express, Inc. | HTLD | $1.2B | - | 1.62 | -6.9% | 13.29 |
| Satellogic Inc. | SATL | $1.2B | -252.29 | 19.94 | -7.9% | 322.72 |
| Peer Median | - | 5.41 | 3.41 | -2.8% | 13.18 | |