NAPCO Security Technologies (NSSC) financial statements
NAPCO Security Technologies reported revenue of $202M in fiscal 2026, up 43.3% a year over 9 years.
Net income was $43M and the operating margin 22.6%, against 80.3% in 2017.
Free cash flow was $59M, and the company returned $20M in dividends.
The diluted share count fell 5% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NAPCO Security Technologies's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8M | $12M | $103M | $101M | $114M | $144M | $170M | $189M | $182M | $202M |
| Cost of revenue | $51M | $54M | $59M | $59M | $63M | $84M | $97M | $87M | $81M | $83M |
| Gross profit | $36M | $38M | $44M | $43M | $51M | $59M | $73M | $102M | $101M | $120M |
| Research and development | $7M | $7M | $7M | $7M | $8M | $8M | $9M | $11M | $13M | $14M |
| Selling, general and admin | $23M | $23M | $23M | $24M | $25M | $33M | $34M | $37M | $42M | $44M |
| Operating income | $6M | $8M | $14M | $10M | $18M | $18M | $30M | $54M | $46M | $46M |
| Interest expense | $83,000 | $81,000 | $21,000 | — | — | — | — | — | — | — |
| Pre-tax income | $6M | $8M | $14M | $10M | $18M | $22M | $31M | $56M | $50M | $50M |
| Income tax | $696,000 | $684,000 | $1M | $2M | $3M | $2M | $4M | $7M | $7M | $7M |
| Net income | $6M | $8M | $12M | $8M | $15M | $20M | $27M | $50M | $43M | $43M |
| EPS (diluted) | $0.15 | $0.20 | $0.34 | $0.21 | $0.42 | $0.53 | $0.73 | $1.34 | $1.19 | $1.20 |
| Diluted shares | 38M | 38M | 37M | 37M | 37M | 37M | 37M | 37M | 36M | 36M |
| Gross margin | 457.3% | 316.6% | 42.9% | 42.3% | 44.5% | 41.2% | 43.1% | 53.9% | 55.6% | 59.2% |
| Operating margin | 80.3% | 70.1% | 13.4% | 9.9% | 15.7% | 12.7% | 17.8% | 28.5% | 25.5% | 22.6% |
| Net margin | 70.5% | 63.7% | 12.1% | 7.7% | 13.5% | 13.6% | 16.0% | 26.4% | 23.9% | 21.3% |
Balance sheet
Fiscal years, from NAPCO Security Technologies's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3M | $5M | $8M | $18M | $40M | $47M | $41M | $71M | $99M | $138M |
| Receivables | $20M | $23M | $26M | $23M | $28M | $29M | $26M | $32M | $30M | — |
| Inventory | $26M | $25M | $30M | $35M | $25M | $41M | $35M | $35M | $30M | $30M |
| Total current assets | $51M | $54M | $65M | $78M | $96M | $120M | $131M | $169M | $162M | $208M |
| Property, plant and equipment | $7M | $7M | $8M | $8M | $8M | $8M | $9M | $9M | $9M | $9M |
| Total assets | $71M | $73M | $86M | $104M | $123M | $149M | $167M | $208M | $198M | $239M |
| Total current liabilities | $10M | $9M | $14M | $18M | $20M | $26M | $20M | $22M | $24M | $42M |
| Long-term debt | $4M | $0 | $0 | $2M | $2M | — | — | — | — | — |
| Total liabilities | $14M | $10M | $15M | $28M | $30M | $35M | $26M | $29M | $30M | $48M |
| Shareholders' equity | $57M | $63M | $71M | $77M | $92M | $114M | $140M | $179M | $169M | $191M |
| Net debt | $46,000 | -$5M | -$8M | -$14M | -$31M | -$42M | -$36M | -$65M | -$83M | -$127M |
Cash flow
Fiscal years, from NAPCO Security Technologies's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2M | $8M | $9M | $10M | $23M | $8M | $25M | $45M | $54M | $61M |
| Capital spending | $1M | $1M | $2M | $2M | $1M | $1M | $3M | $2M | $2M | $2M |
| Free cash flow | $1M | $7M | $7M | $9M | $22M | $7M | $22M | $44M | $51M | $59M |
| Stock-based compensation | $102,000 | $146,000 | $160,000 | $583,000 | $435,000 | $2M | $1M | $2M | $2M | $989,000 |
| Dividends paid | — | — | — | — | — | — | $2M | $13M | $14M | $20M |
| Share buybacks (net) | $0 | -$1M | -$4M | -$2M | — | — | — | — | -$37M | — |
| Net borrowing | -$1M | -$4M | $0 | $4M | — | — | — | — | — | — |
| Free cash flow margin | 13.0% | 54.9% | 6.5% | 8.6% | 19.3% | 4.8% | 12.8% | 23.2% | 28.3% | 29.3% |
| Dividends per share | — | — | — | — | — | — | $0.06 | $0.36 | $0.37 | $0.57 |
Questions
What was NAPCO Security Technologies's revenue in 2026?
$202M in fiscal 2026, from its 10-K filing.
How much free cash flow does NAPCO Security Technologies generate?
$59M in fiscal 2026 (operating cash flow minus capital spending).
From NAPCO Security Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.