NAPCO Security Technologies (NSSC)


Market Price (9/19/2026): $36.12 | Market Cap: $1.3 BilSector: Information Technology | Industry: Electronic Equipment & Instruments

NAPCO Security Technologies (NSSC)


Market Price (9/19/2026): $36.12
Market Cap: $1.3 Bil
Sector: Information Technology
Industry: Electronic Equipment & Instruments

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29%

Low stock price volatility
Vol 12M is 40%

Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech, Cloud Computing, and Cybersecurity. Themes include IoT for Buildings, Show more.

Weak multi-year price returns
2Y Excs Rtn is -39%, 3Y Excs Rtn is -14%

Key risks
NSSC key risks include [1] an ongoing securities class action lawsuit and investigation stemming from financial misstatements and weak internal controls, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29%
3 Low stock price volatility
Vol 12M is 40%
4 Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech, Cloud Computing, and Cybersecurity. Themes include IoT for Buildings, Show more.
5 Weak multi-year price returns
2Y Excs Rtn is -39%, 3Y Excs Rtn is -14%
6 Key risks
NSSC key risks include [1] an ongoing securities class action lawsuit and investigation stemming from financial misstatements and weak internal controls, Show more.

NSSC in ETFs

Weight = NSSC's share of each fund

VTI0.00%
ITOT0.00%
IWM0.04%
IJR0.07%
IJT0.10%
SLYG0.09%
IWO0.08%
IJS0.05%
+10 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/1/2026

NAPCO Security Technologies (NSSC) stock has lost about 5% since 5/31/2026 because of the following key factors:

1. Impact of a One-Time Litigation Settlement Charge on Full-Year Profitability.

NAPCO Security Technologies recorded a $16 million one-time litigation settlement charge in fiscal Q3 2026, which ended March 31, 2026. This charge significantly impacted the company's full fiscal year 2026 GAAP net income, which decreased by 0.87% to $43.0 million compared to $43.4 million in fiscal 2025. While the company's non-GAAP net income showed growth, the GAAP decline due to this specific event likely contributed to investor caution during the period following the charge's announcement and the subsequent fiscal Q4 2026 earnings report on August 24, 2026.

2. Concerns over the Sustainability of Gross Margin Expansion Driven by Tariff Refunds.

The notable expansion of NAPCO's gross margin to 61.3% in fiscal Q4 2026 (ended June 30, 2026) was heavily influenced by approximately 600 basis points from one-time IEEPA tariff refunds, which equated to about $0.09 per diluted share. Without these non-recurring benefits, the underlying gross margin stood around 55.3%. Investors may harbor concerns regarding the long-term sustainability of these higher gross margins once the tariff refund contributions are no longer available, potentially leading to a more conservative outlook on future profitability.

Show more
Updated on 9/1/2026

NAPCO Security Technologies (NSSC) stock has lost about 5% since 5/31/2026 because of the following key factors:

1. Impact of a One-Time Litigation Settlement Charge on Full-Year Profitability.

NAPCO Security Technologies recorded a $16 million one-time litigation settlement charge in fiscal Q3 2026, which ended March 31, 2026. This charge significantly impacted the company's full fiscal year 2026 GAAP net income, which decreased by 0.87% to $43.0 million compared to $43.4 million in fiscal 2025. While the company's non-GAAP net income showed growth, the GAAP decline due to this specific event likely contributed to investor caution during the period following the charge's announcement and the subsequent fiscal Q4 2026 earnings report on August 24, 2026.

2. Concerns over the Sustainability of Gross Margin Expansion Driven by Tariff Refunds.

The notable expansion of NAPCO's gross margin to 61.3% in fiscal Q4 2026 (ended June 30, 2026) was heavily influenced by approximately 600 basis points from one-time IEEPA tariff refunds, which equated to about $0.09 per diluted share. Without these non-recurring benefits, the underlying gross margin stood around 55.3%. Investors may harbor concerns regarding the long-term sustainability of these higher gross margins once the tariff refund contributions are no longer available, potentially leading to a more conservative outlook on future profitability.

3. Substantial Insider Selling by the Executive Chairman.

Richard Soloway, the Executive Chairman and founder of NAPCO Security Technologies, conducted a significant open-market sale of 379,529 shares on August 27, 2026. This transaction amounted to approximately $13.09 million at an average price of $34.50 per share. Insider selling of this magnitude, particularly from a key executive, can be interpreted by the market as a lack of confidence in the company's short-term stock performance, contributing to downward pressure on the stock price.

4. Tempered Outlook for Future Growth and Increased Competition.

Despite exceeding analyst expectations with a fiscal Q4 2026 EPS of $0.50 against an estimated $0.39 and revenue of $55.81 million versus an estimated $52.51 million, some analyst commentaries have highlighted potential headwinds. Concerns include anticipated "hardware margin pressure and rising compliance costs" and a "bears" case pointing to "reduced sales discounting, declining RSR run rate, and lower-than-expected earnings for FY26 and FY27" due to increased competition in the security market. These forward-looking uncertainties, despite the strong past quarter, may have led some investors to temper their growth expectations and contribute to the stock's recent decline.

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Stock Movement Drivers

Fundamental Drivers

The -2.9% change in NSSC stock from 5/31/2026 to 9/18/2026 was primarily driven by a -16.7% change in the company's P/E Multiple.
(LTM values as of)53120269182026Change
Stock Price ($)37.2036.13-2.9%
Change Contribution By: 
Total Revenues ($ Mil)1972022.6%
Net Income Margin (%)18.7%21.3%13.7%
P/E Multiple36.030.0-16.7%
Shares Outstanding (Mil)36360.0%
Cumulative Contribution-2.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/18/2026
ReturnCorrelation
NSSC-2.9% 
Market (SPY)0.9%44.3%
Sector (XLK)-0.7%33.4%

Fundamental Drivers

The -21.5% change in NSSC stock from 2/28/2026 to 9/18/2026 was primarily driven by a -13.9% change in the company's Net Income Margin (%).
(LTM values as of)22820269182026Change
Stock Price ($)46.0336.13-21.5%
Change Contribution By: 
Total Revenues ($ Mil)1922025.4%
Net Income Margin (%)24.7%21.3%-13.9%
P/E Multiple34.630.0-13.4%
Shares Outstanding (Mil)3636-0.1%
Cumulative Contribution-21.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/18/2026
ReturnCorrelation
NSSC-21.5% 
Market (SPY)11.6%45.8%
Sector (XLK)36.8%34.0%

Fundamental Drivers

The -3.2% change in NSSC stock from 8/31/2025 to 9/18/2026 was primarily driven by a -11.0% change in the company's Net Income Margin (%).
(LTM values as of)83120259182026Change
Stock Price ($)37.3336.13-3.2%
Change Contribution By: 
Total Revenues ($ Mil)18220211.4%
Net Income Margin (%)23.9%21.3%-11.0%
P/E Multiple30.730.0-2.3%
Shares Outstanding (Mil)3636-0.1%
Cumulative Contribution-3.2%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/18/2026
ReturnCorrelation
NSSC-3.2% 
Market (SPY)19.4%38.7%
Sector (XLK)45.1%28.9%

Fundamental Drivers

The 52.1% change in NSSC stock from 8/31/2023 to 9/18/2026 was primarily driven by a 48.8% change in the company's Net Income Margin (%).
(LTM values as of)83120239182026Change
Stock Price ($)23.7536.1352.1%
Change Contribution By: 
Total Revenues ($ Mil)16920220.0%
Net Income Margin (%)14.3%21.3%48.8%
P/E Multiple36.330.0-17.3%
Shares Outstanding (Mil)37363.1%
Cumulative Contribution52.1%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/18/2026
ReturnCorrelation
NSSC52.1% 
Market (SPY)75.6%40.9%
Sector (XLK)119.9%37.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NSSC Return91%10%26%5%19%-13%188%
Peers Return6%-18%13%5%16%-8%9%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
NSSC Win Rate58%50%58%58%67%33% 
Peers Win Rate52%40%47%43%53%42% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
NSSC Max Drawdown-14%-37%-54%-41%-46%-26% 
Peers Max Drawdown-25%-35%-28%-20%-22%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ALLE, ALRM, ADT, REZI, MSA. See NSSC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)

How Low Can It Go

EventNSSCS&P 500
2025 US Tariff Shock
  % Loss-22.7%-18.8%
  % Gain to Breakeven29.3%23.1%
  Time to Breakeven30 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-49.4%-9.5%
  % Gain to Breakeven97.5%10.5%
  Time to Breakeven97 days24 days
2023 SVB Regional Banking Crisis
  % Loss-19.9%-6.7%
  % Gain to Breakeven24.8%7.1%
  Time to Breakeven4 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-35.3%-24.5%
  % Gain to Breakeven54.7%32.4%
  Time to Breakeven69 days427 days
2020 COVID-19 Crash
  % Loss-38.2%-33.7%
  % Gain to Breakeven61.8%50.9%
  Time to Breakeven31 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-11.1%-19.2%
  % Gain to Breakeven12.5%23.8%
  Time to Breakeven21 days105 days

Compare to ALLE, ALRM, ADT, REZI, MSA

In The Past

NAPCO Security Technologies's stock fell -22.7% during the 2025 US Tariff Shock. Such a loss loss requires a 29.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventNSSCS&P 500
2025 US Tariff Shock
  % Loss-22.7%-18.8%
  % Gain to Breakeven29.3%23.1%
  Time to Breakeven30 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-49.4%-9.5%
  % Gain to Breakeven97.5%10.5%
  Time to Breakeven97 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-35.3%-24.5%
  % Gain to Breakeven54.7%32.4%
  Time to Breakeven69 days427 days
2020 COVID-19 Crash
  % Loss-38.2%-33.7%
  % Gain to Breakeven61.8%50.9%
  Time to Breakeven31 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-22.9%-17.9%
  % Gain to Breakeven29.7%21.8%
  Time to Breakeven87 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-32.5%-15.4%
  % Gain to Breakeven48.2%18.2%
  Time to Breakeven324 days125 days
2008-2009 Global Financial Crisis
  % Loss-87.0%-53.4%
  % Gain to Breakeven667.7%114.4%
  Time to Breakeven1723 days1085 days

Compare to ALLE, ALRM, ADT, REZI, MSA

In The Past

NAPCO Security Technologies's stock fell -22.7% during the 2025 US Tariff Shock. Such a loss loss requires a 29.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About NAPCO Security Technologies (NSSC)

Napco Security Technologies, Inc. (NSSC) is a developer, manufacturer, and seller of electronic security products, providing comprehensive security solutions tailored for a wide range of applications. The company focuses on enhancing safety and control through advanced technology for various environments.

NSSC's product portfolio is diverse, encompassing four core categories: access control systems, sophisticated door-locking products, intrusion and fire alarm systems, and video surveillance systems. Access control solutions include identification readers, control panels, and electronic door locks, some with biometric capabilities. Its alarm systems feature automatic communicators, cellular devices, and fire alarm control panels, while video surveillance includes cameras and monitoring systems. The company also resells complementary security equipment from other manufacturers and offers specialized school security products.

Napco Security Technologies serves a broad spectrum of markets, including commercial, residential, institutional, industrial, and governmental sectors. Its products are primarily distributed and installed by independent distributors, dealers, and installers of security equipment, making NSSC a key supplier in the professional security installation industry.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe NAPCO Security Technologies (NSSC):

  • Like a focused "Honeywell for electronic security systems."
  • Essentially, a pure-play version of Bosch Security Systems.

AI Analysis | Feedback

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  • Access Control Systems: Comprehensive solutions including identification readers, control panels, and electronic door-locking devices.
  • Door-Locking Products: A range of locks from microprocessor-based electronic door locks with biometric or card reader operation to mechanical deadbolts and door alarms.
  • Intrusion and Fire Alarm Systems: Systems featuring control panels, digital communicators, cellular communication devices, and area detectors for detecting unauthorized entry or fire.
  • Video Surveillance Systems: Comprised of video cameras, control panels, monitors, and associated equipment for visual security monitoring.
  • School Security Products: Specialized security solutions designed to enhance safety and security within educational environments.
  • Resold Security Equipment: Various identification readers, video cameras, and peripheral equipment manufactured by other companies, which NAPCO buys and resells.
```

AI Analysis | Feedback

NAPCO Security Technologies (NSSC) sells its products primarily to other businesses rather than directly to individuals. Based on the provided company description, its major customers fall into the following categories:

  • Independent distributors of security equipment
  • Dealers of security equipment
  • Installers of security equipment

The company's description does not list the specific names of these customer companies or their public symbols.

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Richard L. Soloway, Chairman of the Board, Chief Executive Officer and Secretary

Richard L. Soloway founded NAPCO Security Technologies, Inc. in 1972 as a public company. He has over 30 years of experience in the international security industry and holds numerous electronic design and manufacturing patents in the security industry. Soloway began his career designing and manufacturing electronic sound and light equipment for rock bands in the late 1960s. He has received awards such as 'Champion for Safety Through Education' and 'Entrepreneur of the Year'.

Andrew J. Vuono, Senior Vice President, Finance, Chief Financial Officer and Chief Accounting Officer

Andrew J. Vuono has over 30 years of public accounting experience, including more than 20 years as a partner at a top 10 Public Accounting Firm.

Kevin S. Buchel, President, Chief Operating Officer and Treasurer

Kevin S. Buchel has been with NAPCO Security Technologies since 1995, holding various finance and operations roles, including Chief Financial Officer from April 1995 to May 2025. He was promoted to President & Chief Operating Officer in May 2024.

Michael Carrieri, Executive Vice President, Engineering and Chief Technology Officer

Michael Carrieri was promoted to Executive Vice President of Engineering & Chief Technology Officer in May 2024, after serving as Senior Vice President of Engineering Development for 24 years.

Judy Jones, Vice President of Marketing

Judy Jones has served as Vice President of Marketing at NAPCO Security Technologies, Inc. since April 1988. Before this role, she was Marketing Manager at Temtron Electronics/OEM CCTV from January 1986 to April 1988. She holds an MBA in Business Administration and Management from Dowling College and a Bachelor's degree from Stony Brook University.

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Key Risks to NAPCO Security Technologies (NSSC)

  1. Intense Competition and Market Consolidation: NAPCO Security Technologies operates in a highly competitive market for electronic security products, characterized by the presence of larger global players such as Johnson Controls, Honeywell, and Bosch Security Systems. These larger competitors possess significant research and development (R&D) capabilities, potentially allowing them to out-innovate smaller firms. Additionally, the increasing availability and adoption of cost-effective, do-it-yourself (DIY) security solutions from brands like Ring and SimpliSafe are disrupting the residential market, creating price pressures and making customer acquisition more challenging for traditional security equipment dealers and installers, who are NAPCO's primary customers.
  2. Product Concentration Risk and Sales Volatility: A significant portion of NAPCO's high-margin recurring service revenue is heavily dependent on its StarLink cellular communicators. This concentration creates a risk that a shift in technology or market adoption could negatively impact performance if demand for StarLink products declines. Furthermore, NAPCO has experienced sales volatility, with equipment sales being negatively impacted by key distributors actively reducing their inventory levels. This destocking by distributors has led to a significant drop in equipment sales in recent fiscal periods.
  3. Tariff and Supply Chain Disruptions: The company faces risks related to tariffs, with management having cited the anticipation of a new 10% universal baseline tariff on imports as a challenge that could impact product margins and supply chain operations. These tariff pressures and increased costs have already weighed on margins. As a manufacturer reliant on various components and global sourcing for its electronic security products, NAPCO is susceptible to broader supply chain disruptions, which can lead to increased operational costs and potential delays in product availability.

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The clear emerging threat for NAPCO Security Technologies is the proliferation of consumer-friendly, do-it-yourself (DIY), app-controlled security systems and integrated smart home platforms. These solutions, often sold direct-to-consumer or through mass retail channels, offer easier installation and management, often with subscription-based monitoring, bypassing the traditional independent distributors, dealers, and installers that NAPCO primarily serves. This trend directly threatens NAPCO's market share, particularly in the residential and small commercial segments, by offering alternative products that disrupt the established distribution and service model.

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NAPCO Security Technologies operates in several significant addressable markets for its electronic security products. The company's main product categories, including access control systems, door-locking products, intrusion and fire alarm systems, video surveillance systems, and school security products, each represent multi-billion dollar opportunities.

Here are the addressable market sizes for NAPCO Security Technologies' main products and services:

  • Access Control Systems: The global electronic access control systems market was valued at approximately USD 53.92 billion in 2025 and is projected to reach USD 143.71 billion by 2035. The U.S. electronic access control systems market is projected to grow from USD 17.25 billion in 2025 to USD 45.99 billion by 2035. North America held over 38% of the global market share in 2025.
  • Door-Locking Products: The global door locks market was recorded at USD 10.634 billion by the end of 2025 and is expected to reach USD 16.6129 billion by 2033. The global smart door lock market was valued at USD 7.4 billion in 2024 and is projected to grow to USD 33.1 billion by 2032. The global digital door lock systems market was valued at USD 2.7 billion in 2024 and is poised to grow to USD 10.43 billion by 2033. North America's smart door lock market held a dominant position with a market size of USD 1.51 billion in 2025.
  • Intrusion Alarm Systems: The global intruder alarm system market size was USD 2.68 billion in 2025 and is expected to reach USD 4.1 billion by 2030. The global intrusion alarm system market is expected to reach USD 4.4 billion by 2035, up from USD 2.5 billion in 2024. North America is the largest market for intruder alarm systems, holding approximately 40% of the global market share.
  • Fire Alarm Systems: The global fire alarm system market was valued at USD 38.19 billion in 2024 and is predicted to reach USD 82.63 billion by 2034. The global fire alarm and detection market size was valued at USD 49.60 billion in 2024 and is projected to grow to USD 71.21 billion by 2033. North America dominated the global fire alarm and detection market in 2024.
  • Video Surveillance Systems: The global video surveillance market generated a revenue of USD 73.75 billion in 2024 and is expected to reach USD 147.66 billion by 2030. North America accounted for 32.1% of the global video surveillance market in 2024.
  • School Security Products: The global school and campus security market size reached USD 3.0 billion in 2024 and is expected to reach USD 9.2 billion by 2033. Another estimate indicates the global market size was USD 5.09 billion in 2026 and is projected to reach USD 27.38 billion by 2035. North America is analyzed to hold a significant share in the education security market.

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NAPCO Security Technologies (NSSC) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Expansion of High-Margin Recurring Revenue: A primary driver for NAPCO is the continued growth in its high-margin recurring monthly revenue (RMR), largely fueled by the strong adoption and deployment of its StarLink cellular communicators. This growth is significantly bolstered by regulatory tailwinds, particularly the ongoing "copper sunset" which mandates the transition from older copper lines to cellular communication for alarm systems. The company's new MVP cloud-based access control platform is also anticipated to become a significant contributor to recurring revenue as its adoption scales.
  2. New Product Development and Innovation: NAPCO is consistently investing in research and development and launching new products and services. Beyond the MVP platform, the company's focus on innovation, including expanded 5G multi-carrier communicators and enhancements to cloud access platforms, aims to accelerate dealer adoption and introduce new revenue streams, many with recurring service components.
  3. Strategic Pricing Actions and Operational Efficiency: The company has implemented strategic price increases to offset costs, such as tariffs, and improve overall margins. Coupled with ongoing operational efficiencies and a favorable product mix, these actions are contributing to both revenue growth and enhanced profitability.
  4. Persistent Demand in the Global Security Market: The overall global electronic security products and services market continues to expand, driven by factors such as crime prevention, mass surveillance, and increasing regulatory compliance requirements. Specific segments, like school security, also demonstrate steady demand. This broad market growth provides a foundational tailwind for NAPCO's diverse product portfolio.

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Share Repurchases

  • NAPCO Security Technologies authorized a new stock repurchase program for up to 500,000 shares in December 2018.
  • As of March 2020, approximately 435,000 shares remained available for repurchase under the 2018 program.
  • The company announced a new share repurchase program to buy back up to 1,000,000 shares on November 4, 2024.
  • During fiscal 2025, NAPCO repurchased $36.8 million in common stock.

Share Issuance

  • The number of shares outstanding for NSSC decreased by 3.03% in one year.

Capital Expenditures

  • In the last 12 months, capital expenditures for NAPCO Security Technologies were -$1.08 million.
  • This contributed to a free cash flow of $53.66 million over the same period, with operating cash flow at $54.74 million.

Better Bets vs. NAPCO Security Technologies (NSSC)

Peer Outperformance in Electronic Equipment & Instruments

NSSC has outperformed 84% of its 25 Electronic Equipment & Instruments peers over 5Y. Among the peers that beat it is PI. Electronic Equipment & Instruments ranks 9th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Electronic Equipment & Instruments constituents that NSSC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
53%
of 30 industry peers · -12.6% return
3Y
74%
of 27 industry peers · 66.4% return
5Y
84%
of 25 industry peers · 83.5% return
Electronic Equipment & Instruments peers with revenue growth within 4pp of NSSC's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
NSSC NAPCO Security Technologies 6.2% 30.0x -12.6%66.4%83.5%
PI Impinj 5.6% -204.7x -7.4%191.6%215.7% +132pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Information Technology sector, ranked by 5Y. Electronic Equipment & Instruments is NSSC's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 52.1%181.3%268.8% TTMI 801% · FLEX 705% · SANM 419%
Technology Distributors 9 28.9%72.0%93.7% CLMB 332% · AVT 193% · SNX 146%
Semiconductor Materials & Equipment 26 89.8%82.2%93.2% AXTI 784% · AEHR 741% · KLAC 402%
Communications Equipment 36 16.8%84.8%75.0% AAOI 1310% · LITE 990% · FEIM 981%
Electronic Components 26 32.0%62.1%64.5% CLS 3836% · BELFA 1302% · COHR 425%
Technology Hardware, Storage & Peripherals 20 33.3%77.5%50.2% DELL 1135% · STX 1090% · SMCI 949%
Semiconductors 55 20.4%28.8%38.4% POET 1815% · MU 1302% · NVDA 919%
Internet Services & Infrastructure 6 7.4%46.2%23.4% DOCN 58% · VRSN 41% · GDDY 35%
Electronic Equipment & Instruments ← 26 -13.1%6.0%-11.4% PI 216% · ACFN 114% · OSIS 112%
IT Consulting & Other Services 28 -24.5%-19.3%-28.5% CHRN 537268% · APLD 1258% · TSSI 669%
Application Software 122 -30.3%-16.0%-46.5% VIDA 176264% · INLX 5435% · PLTR 519%
Systems Software 68 -17.7%7.9%-55.7% QNC 457% · ZETA 379% · PANW 358%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NSSCALLEALRMADTREZIMSAMedian
NameNAPCO Se.Allegion Alarm.comADT Resideo .MSA Safe. 
Mkt Price36.13152.2853.966.9018.37179.6645.05
Mkt Cap1.313.12.75.32.86.94.0
Rev LTM2024,2881,0615,1657,6521,9463,117
Op Inc LTM628931361,289638428533
FCF LTM596711871,614-1,399354270
FCF 3Y Avg516191711,337-228315243
CFO LTM617691992,158-1,269406302
CFO 3Y Avg537101851,977-122372278

Growth & Margins

NSSCALLEALRMADTREZIMSAMedian
NameNAPCO Se.Allegion Alarm.comADT Resideo .MSA Safe. 
Rev Chg LTM11.4%10.6%8.7%2.1%3.4%6.5%7.6%
Rev Chg 3Y Avg6.2%6.0%7.3%6.6%6.9%5.3%6.4%
Rev Chg Q10.0%12.7%9.2%2.0%2.0%6.2%7.7%
QoQ Delta Rev Chg LTM2.6%3.1%2.3%0.5%0.5%1.5%1.9%
Op Inc Chg LTM33.2%9.5%8.3%-0.3%2.4%10.2%8.9%
Op Inc Chg 3Y Avg32.2%9.6%36.2%7.6%3.2%8.2%8.9%
Op Mgn LTM30.5%20.8%12.8%25.0%8.3%22.0%21.4%
Op Mgn 3Y Avg28.1%20.7%11.7%25.0%8.6%21.7%21.2%
QoQ Delta Op Mgn LTM2.4%0.2%-0.2%-0.6%0.0%0.9%0.1%
CFO/Rev LTM30.2%17.9%18.8%41.8%-16.6%20.9%19.8%
CFO/Rev 3Y Avg27.9%18.0%18.9%39.6%-1.1%19.9%19.4%
FCF/Rev LTM29.3%15.6%17.6%31.2%-18.3%18.2%17.9%
FCF/Rev 3Y Avg26.9%15.6%17.5%26.7%-2.6%16.9%17.2%

Valuation

NSSCALLEALRMADTREZIMSAMedian
NameNAPCO Se.Allegion Alarm.comADT Resideo .MSA Safe. 
Mkt Cap1.313.12.75.32.86.94.0
P/S6.43.02.51.00.43.62.8
P/Op Inc20.914.619.64.14.316.215.4
P/EBIT20.914.615.84.14.215.715.1
P/E30.019.822.68.66.522.121.0
P/CFO21.117.013.42.4-2.217.115.2
Total Yield4.9%6.4%4.4%15.1%15.4%5.7%6.1%
Dividend Yield1.6%1.4%0.0%3.4%0.0%1.2%1.3%
FCF Yield 3Y Avg3.8%5.3%6.3%22.3%-2.2%4.6%4.9%
D/E0.00.20.21.51.30.10.2
Net D/E-0.10.10.01.51.10.10.1

Returns

NSSCALLEALRMADTREZIMSAMedian
NameNAPCO Se.Allegion Alarm.comADT Resideo .MSA Safe. 
1M Rtn-4.0%-6.1%-6.0%-5.9%-14.7%-5.2%-5.9%
3M Rtn-2.9%14.4%21.6%5.7%-42.4%9.6%7.6%
6M Rtn-10.3%7.7%21.6%7.7%-44.0%6.2%7.0%
12M Rtn-12.6%-13.6%-3.0%-17.7%-55.6%6.6%-13.1%
3Y Rtn66.4%50.3%-10.6%26.0%13.3%10.4%19.7%
1M Excs Rtn-3.2%-5.4%-5.2%-5.2%-14.0%-4.4%-5.2%
3M Excs Rtn-4.9%12.4%19.6%3.7%-44.4%7.6%5.6%
6M Excs Rtn-29.7%-9.1%0.7%-9.4%-61.2%-11.2%-10.3%
12M Excs Rtn-29.3%-28.4%-18.2%-33.2%-69.6%-8.3%-28.9%
3Y Excs Rtn-14.0%-19.9%-80.1%-41.4%-53.6%-63.6%-47.5%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Services8676604634
Door locking devices6274634843
Intrusion and access alarm products3339475037
Total182189170144114


Price Behavior

Price Behavior
Market Price$36.13 
Market Cap ($ Bil)1.3 
First Trading Date03/26/1990 
Distance from 52W High-22.5% 
   50 Days200 Days
DMA Price$36.86$39.56
DMA Trenddownindeterminate
Distance from DMA-2.0%-8.7%
 3M1YR
Volatility29.8%39.9%
Downside Capture94.01153.93
Upside Capture68.40111.33
Correlation (SPY)38.0%38.4%
NSSC Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta1.460.890.891.311.181.24
Up Beta3.941.831.601.381.091.06
Down Beta-0.510.520.701.000.880.85
Up Capture3%34%58%93%124%398%
Bmk +ve Days10213268138427
Stock +ve Days9182858119382
Down Capture67%90%82%163%130%110%
Bmk -ve Days11213259113324
Stock -ve Days12233366128360

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NSSC
NSSC-13.5%39.8%-0.27-
Sector ETF (XLK)40.5%26.4%1.2528.8%
Equity (SPY)16.9%12.9%0.9438.5%
Gold (GLD)19.1%29.3%0.6020.2%
Commodities (DBC)46.9%20.6%1.76-23.7%
Real Estate (VNQ)4.9%13.6%0.1020.4%
Bitcoin (BTCUSD)-34.5%43.9%-0.8413.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NSSC
NSSC14.8%51.1%0.47-
Sector ETF (XLK)20.2%25.9%0.6934.7%
Equity (SPY)12.9%17.2%0.5737.0%
Gold (GLD)19.1%18.8%0.834.5%
Commodities (DBC)11.3%19.5%0.451.3%
Real Estate (VNQ)1.1%18.8%-0.0524.1%
Bitcoin (BTCUSD)11.2%52.5%0.3915.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NSSC
NSSC27.5%49.6%0.69-
Sector ETF (XLK)24.4%25.0%0.8833.8%
Equity (SPY)15.1%18.0%0.7236.1%
Gold (GLD)12.1%16.4%0.613.4%
Commodities (DBC)8.3%18.1%0.377.9%
Real Estate (VNQ)4.4%20.7%0.1826.9%
Bitcoin (BTCUSD)61.7%66.1%1.0210.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity2.7 Mil
Short Interest: % Change Since 8152026-3.1%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest4.1 days
Basic Shares Quantity35.7 Mil
Short % of Basic Shares7.5%

Earnings Returns History

Updated 9/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/24/2026-1.3%-7.2% 
5/4/20265.6%1.5%-9.1%
2/2/20266.6%4.9%6.2%
11/3/20251.4%3.9%0.4%
8/25/202511.2%14.4%29.5%
5/5/20250.3%11.2%15.9%
2/3/2025-1.9%-3.3%-9.6%
11/4/20244.1%12.3%18.2%
...
SUMMARY STATS   
# Positive171616
# Negative787
Median Positive2.5%4.5%13.2%
Median Negative-2.1%-2.4%-8.4%
Max Positive11.2%14.4%39.8%
Max Negative-6.0%-8.5%-12.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/24/2026-1.3%-7.2% 
5/4/20265.6%1.5%-9.1%
2/2/20266.6%4.9%6.2%
11/3/20251.4%3.9%0.4%
8/25/202511.2%14.4%29.5%
5/5/20250.3%11.2%15.9%
2/3/2025-1.9%-3.3%-9.6%
11/4/20244.1%12.3%18.2%
8/26/2024-2.1%-8.5%-12.2%
5/6/20241.0%-1.9%14.6%
2/5/20242.1%8.4%-3.1%
11/6/20239.5%14.3%39.8%
8/29/20231.2%-1.6%-8.4%
5/8/2023-2.2%2.2%12.8%
2/6/20233.5%-2.8%-1.5%
11/7/2022-4.6%-1.4%-8.1%
8/29/20224.0%1.8%4.9%
5/9/2022-1.2%3.5%23.2%
2/7/20222.3%1.0%5.2%
11/8/2021-6.0%-1.0%2.4%
9/15/20212.4%6.3%9.6%
2/10/20212.6%2.4%12.9%
11/5/20202.5%4.3%13.5%
9/8/20202.5%4.6%14.0%
SUMMARY STATS   
# Positive171616
# Negative787
Median Positive2.5%4.5%13.2%
Median Negative-2.1%-2.4%-8.4%
Max Positive11.2%14.4%39.8%
Max Negative-6.0%-8.5%-12.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/24/202610-K
03/31/202605/05/202610-Q
12/31/202502/02/202610-Q
09/30/202511/03/202510-Q
06/30/202508/25/202510-K
03/31/202505/05/202510-Q
12/31/202402/03/202510-Q
09/30/202411/04/202410-Q
06/30/202408/29/202410-K
03/31/202405/06/202410-Q
12/31/202302/05/202410-Q
09/30/202311/09/202310-Q
06/30/202309/08/202310-K
03/31/202305/08/202310-Q
12/31/202202/06/202310-Q
09/30/202211/07/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/24/202610-K
03/31/202605/05/202610-Q
12/31/202502/02/202610-Q
09/30/202511/03/202510-Q
06/30/202508/25/202510-K
03/31/202505/05/202510-Q
12/31/202402/03/202510-Q
09/30/202411/04/202410-Q
06/30/202408/29/202410-K
03/31/202405/06/202410-Q
12/31/202302/05/202410-Q
09/30/202311/09/202310-Q
06/30/202309/08/202310-K
03/31/202305/08/202310-Q
12/31/202202/06/202310-Q
09/30/202211/07/202210-Q
06/30/202208/29/202210-K
03/31/202205/17/202210-Q
12/31/202102/09/202210-Q
09/30/202111/08/202110-Q
06/30/202109/13/202110-K
03/31/202105/10/202110-Q
12/31/202002/09/202110-Q
09/30/202011/05/202010-Q
06/30/202009/15/202010-K
03/31/202005/07/202010-Q
12/31/201902/03/202010-Q
09/30/201911/08/201910-Q

Recent Forward Guidance

Updated 8/25/2026

Latest: Q4 2026 Earnings Reported 8/24/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Recurring Service Revenue Annual Run RateReported 103.00 Mil 2.0% Higher NewActual: 101.00 Mil for 2026


Prior: Q3 2026 Earnings Reported 5/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 DividendsReported 0.15 0.0% AffirmedGuidance: 0.15 for Q3 2026
2026 Recurring Service Revenue Annual Run RateReported 101.00 Mil    

Q2 2026 Earnings Reported 2/2/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 DividendsReported 0.15 7.0%1.0%Raised

Q1 2026 Earnings Reported 11/3/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Recurring Service Revenue Annual Run RateReported 95.00 Mil    

Insider Activity

Updated 8/28/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Soloway, Donna Anne DirectSell828202634.6220,962  Form
2Soloway, Donna Anne DirectSell828202635.9828,0001,007,440754,213Form
3Soloway, RichardCEO, Chairman of Board, SecyDirectSell304202643.2255,3182,390,84447,410,525Form
4Soloway, RichardCEO, Chairman of Board, SecyDirectSell304202644.99129,6825,834,39351,840,897Form
5Soloway, RichardCEO, Chairman of Board, SecyDirectSell206202642.74150,0006,411,00053,681,867Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Soloway, Donna Anne DirectSell828202634.6220,962  Form
2Soloway, Donna Anne DirectSell828202635.9828,0001,007,440754,213Form
3Soloway, RichardCEO, Chairman of Board, SecyDirectSell304202643.2255,3182,390,84447,410,525Form
4Soloway, RichardCEO, Chairman of Board, SecyDirectSell304202644.99129,6825,834,39351,840,897Form
5Soloway, RichardCEO, Chairman of Board, SecyDirectSell206202642.74150,0006,411,00053,681,867Form
6Spinelli, Stephen MSenior Vice president of SalesDirectSell1118202540.2519,000764,75037,352Form

Investor Activity (13F)

Updated Sep 19, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Doma Perpetual Capital Management LLC$24.7 Mil6.6%11Hold13F
Fundsmith LLP$15.1 Mil0.1%34TRIM -78.4%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Fundsmith LLP$15.1 Mil0.1%34TRIM -78.4%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Doma Perpetual Capital Management LLC$24.7 Mil6.6%11Hold13F
Fundsmith LLP$15.1 Mil0.1%34TRIM -78.4%13F
Core Cache Last Updated: 9/18/2026