Napco Security Technologies, Inc.
Rank #80Capital ReturnNSSC · Nasdaq · Industrials
Napco Security Technologies, Inc. (NSSC) — Rank #80 by gross profitability (GP/assets 0.50) · ROE 22.5% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0000069633 · all metrics point-in-time as of the filing date.
About
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.
Show moreShow less
Its 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. 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 various 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 to independent distributors, dealers, and installers of security equipment. Napco Security Technologies, Inc.
was founded in 1969 and is headquartered in Amityville, New York.
- Industry
- Security & Protection Services
- Sector
- Industrials
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- June 30
- Website
- napcosecurity.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$1.28B
P/E (annual)
29.8
P/S (annual)
6.3
P/B
6.7
P/OCF (annual)
20.9
Shareholder Yield
3.3%
Employees
1,049
Industry
Security & Protection Services
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 4/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
8.8%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -1.7% — per-share value needs a total required return of 7.2% once share-count change is priced in.
vs. own 6-year median revenue growth: 12.0%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
4.4%
r = 10% (base)
8.8%
r = 12%
12.6%
Net debt / market cap: -10.7%
Note: current FCF margin is 1.5σ above its historical mean — implied growth may understate valuation risk if the margin reverts.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Disclosure regression check
2 previously-disclosed line items are no longer reported. Worth checking the filing for why.
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.50
Primary signal (Novy-Marx).
3rd of 5 SIC 3669 peers
Return on equity
22.5%
Gross margin
59.2%
1st of 5 SIC 3669 peers
Revenue growth (YoY)
11.4%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
6.0%
Revenue CAGR (5Y)
12.1%
Earnings CAGR (3Y)
16.6%
FCF CAGR (3Y)
39.7%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.25
Current ratio
4.90×
1st of 5 SIC 3669 peers
Quick ratio
3.91×
Net cash
$137.56M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$59.23M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.38
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.5%
Stock-based comp intensity.
Dividend safety
Composite score
3.0 / 5
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.