Napco Security Technologies, Inc. | Small-cap | Industrials

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 50.7M
Gross Profit 26.8M 52.83%
Operating Income 12.1M 23.83%
Net Income 11.6M 22.93%

Balance Sheet Metrics

Total Assets 198.1M
Total Liabilities 29.5M
Shareholders Equity 168.6M
Debt to Equity 0.18

Cash Flow Metrics

Operating Cash Flow 14.0M
Free Cash Flow 14.4M

Revenue & Profitability Trend

Napco Security Income Statement From 2021 to 2025

Metric20252024202320222021
Revenue i181.6M188.8M170.0M143.6M114.0M
Cost of Goods Sold i80.6M87.1M96.8M84.4M63.3M
Gross Profit i101.0M101.8M73.2M59.2M50.7M
Gross Margin % i55.6%53.9%43.1%41.2%44.5%
Operating Expenses
Research & Development i12.6M10.8M9.3M8.0M7.6M
Selling, General & Administrative i42.2M37.2M33.6M32.9M25.2M
Other Operating Expenses i-----
Total Operating Expenses i54.8M47.9M42.9M40.9M32.8M
Operating Income i46.3M53.8M30.3M18.2M17.9M
Operating Margin % i25.5%28.5%17.8%12.7%15.7%
Non-Operating Items
Interest Income i-----
Interest Expense i---283.0K5.0K
Other Non-Operating Income---3.9M-
Pre-tax Income i50.1M56.4M31.2M21.8M17.9M
Income Tax i6.7M6.6M4.1M2.2M2.5M
Effective Tax Rate % i13.3%11.6%13.1%10.3%14.0%
Net Income i43.4M49.8M27.1M19.6M15.4M
Net Margin % i23.9%26.4%16.0%13.6%13.5%
Key Metrics
EBITDA i48.5M56.0M32.3M16.1M19.6M
EPS (Basic) i$1.20$1.35$0.74$0.53$0.41
EPS (Diluted) i$1.19$1.34$0.73$0.53$0.41
Basic Shares Outstanding i3629800036812000367410003672500036696000
Diluted Shares Outstanding i3629800036812000367410003672500036696000

Income Statement Trend

Napco Security Balance Sheet From 2021 to 2025

Metric20252024202320222021
Assets
Current Assets
Cash & Equivalents i83.1M65.3M36.0M41.7M34.8M
Short-term Investments i16.1M32.4M30.8M5.1M5.4M
Accounts Receivable i30.1M31.9M26.1M29.2M28.1M
Inventory i30.0M34.8M35.1M40.8M24.9M
Other Current Assets3.2M4.3M3.4M2.8M2.4M
Total Current Assets i162.4M168.8M131.4M119.6M95.6M
Non-Current Assets
Property, Plant & Equipment i12.7M13.0M13.3M14.8M14.8M
Goodwill i3.3M3.6M3.9M4.3M4.7M
Intangible Assets i3.3M3.6M3.9M4.3M4.7M
Long-term Investments-----
Other Non-Current Assets18.0M20.8M16.3M9.4M7.0M
Total Non-Current Assets i35.7M39.0M35.3M28.9M26.9M
Total Assets i198.1M207.8M166.7M148.6M122.6M
Liabilities
Current Liabilities
Accounts Payable i5.7M8.0M8.1M11.1M6.1M
Short-term Debt i----2.4M
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i24.1M22.2M19.7M26.5M20.2M
Non-Current Liabilities
Long-term Debt i5.3M5.5M5.7M7.1M8.6M
Deferred Tax Liabilities i--0166.0K380.0K
Other Non-Current Liabilities-----
Total Non-Current Liabilities i5.5M6.6M6.8M8.3M9.9M
Total Liabilities i29.5M28.9M26.5M34.8M30.2M
Equity
Common Stock i398.0K398.0K397.0K396.0K396.0K
Retained Earnings i199.1M174.3M137.7M112.9M93.3M
Treasury Stock i56.3M19.5M19.5M19.5M19.5M
Other Equity-----
Total Shareholders Equity i168.6M178.9M140.2M113.8M92.4M
Key Metrics
Total Debt i5.3M5.5M5.7M7.1M11.0M
Working Capital i138.4M146.5M111.7M93.1M75.4M

Balance Sheet Composition

Napco Security Cash Flow Statement From 2021 to 2025

Metric20252024202320222021
Operating Activities
Net Income i43.4M49.8M27.1M19.6M15.4M
Depreciation & Amortization i2.3M2.2M1.9M1.8M1.7M
Stock-Based Compensation i1.5M1.7M1.5M1.6M435.0K
Working Capital Changes i9.9M-9.0M5.1M-20.5M3.7M
Operating Cash Flow i56.1M42.0M32.3M2.3M21.6M
Investing Activities
Capital Expenditures i-2.1M-1.6M-2.9M-1.5M-1.0M
Acquisitions i-----
Investment Purchases i-12.8M-1.6M-35.4M-81.0K-5.4M
Investment Sales i29.5M010.1M00
Investing Cash Flow i14.6M-3.2M-28.3M-1.6M-6.4M
Financing Activities
Share Repurchases i-36.8M--00
Dividends Paid i-13.6M-13.3M-2.3M00
Debt Issuance i---00
Debt Repayment i-----
Financing Cash Flow i-50.4M-13.3M-2.3M00
Free Cash Flow i51.4M43.8M21.7M6.8M22.0M
Net Change in Cash i20.2M25.6M1.8M711.0K15.2M

Cash Flow Trend

Napco Security Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 35.83
Forward P/E 23.56
Price to Book 9.02
Price to Sales 8.37
PEG Ratio 23.56

Profitability Ratios

Profit Margin 23.90%
Operating Margin 25.09%
Return on Equity 24.98%
Return on Assets 14.44%

Financial Health

Current Ratio 6.75
Debt to Equity 3.16
Beta 1.51

Per Share Data

EPS (TTM) $1.19
Book Value per Share $4.73
Revenue per Share $5.00

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
nssc1.5B35.839.0224.98%23.90%3.16
Allegion plc 15.2B24.628.5238.99%16.15%124.85
ADT 7.3B12.391.9917.14%12.31%216.42
Evolv Technologies 1.3B-29.8413.74-71.94%-73.04%15.40
Mistras 311.0M26.411.435.64%1.63%117.56
NL Industries 300.0M5.580.7513.76%35.08%0.12

Financial data is updated regularly. All figures are in the company's reporting currency.