Forensic Analysis · Technology / Software · as of Aug 11, 2026

Napco Security Technologies, Inc (NSSC)

A forensic read on Napco Security Technologies, Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

22.0

Distress distance

Clean

Earnings quality

Forensic signals

39.9

P / E (ttm)

25.7%

ROE

$1.4B

Market cap

1.47%

Dividend yield

-3.8%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Napco Security Technologies, Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 22.0, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by share count.

What the filings flag

-0.3%/yr

FY2022–FY2025

Share count. Diluted share count changed -1% over the last 3 years to FY2025 (-0.3%/yr). Roughly flat — buybacks ($37M) are about offsetting stock comp ($2M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.

98% of FCF

FY2025

Shareholder returns. Returned $50M to shareholders (buybacks + dividends) in FY2025 — 98% of free cash flow. Right at the limit of what free cash flow covers — little room before it's funded by debt or the balance sheet. That ratio has been CLIMBING toward the limit — 28% of free cash flow a few years back — not just sitting there. Counting the $2M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 101%.

Key fundamentals

Latest Revenue$181.6M

Revenue Growth YoY-3.8%

Revenue CAGR (3yr)+8.1%

Net Margin23.9%

Free Cash Flow$51.4M

Return on Equity25.7%

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Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.