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Side-by-side financial comparison of Bankwell Financial Group, Inc. (BWFG) and NAPCO SECURITY TECHNOLOGIES, INC (NSSC). Click either name above to swap in a different company.

NAPCO SECURITY TECHNOLOGIES, INC is the larger business by last-quarter revenue ($48.2M vs $30.3M, roughly 1.6× Bankwell Financial Group, Inc.). On growth, Bankwell Financial Group, Inc. posted the faster year-over-year revenue change (43.3% vs 12.2%). Bankwell Financial Group, Inc. produced more free cash flow last quarter ($27.1M vs $14.5M). Over the past eight quarters, Bankwell Financial Group, Inc.'s revenue compounded faster (17.2% CAGR vs -1.1%).

Bankwell Financial Group, Inc. is a US-based bank holding company that provides a full suite of personal and commercial banking products and services, including deposit accounts, mortgage loans, commercial lending, and wealth management solutions. It primarily serves local communities, retail customers, and small to medium-sized enterprises across Connecticut.

Napco Security Technologies, Inc. was set up in 1969 and now is based in Amityville, New York. The company focuses on security products, such as electronic locking devices, alarm systems, and building access control systems. The company was formerly known as Napco Security Systems, Inc.

BWFG vs NSSC — Head-to-Head

Bigger by revenue
NSSC
NSSC
1.6× larger
NSSC
$48.2M
$30.3M
BWFG
Growing faster (revenue YoY)
BWFG
BWFG
+31.1% gap
BWFG
43.3%
12.2%
NSSC
More free cash flow
BWFG
BWFG
$12.6M more FCF
BWFG
$27.1M
$14.5M
NSSC
Faster 2-yr revenue CAGR
BWFG
BWFG
Annualised
BWFG
17.2%
-1.1%
NSSC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BWFG
BWFG
NSSC
NSSC
Revenue
$30.3M
$48.2M
Net Profit
$13.5M
Gross Margin
58.6%
Operating Margin
46.9%
30.6%
Net Margin
28.0%
Revenue YoY
43.3%
12.2%
Net Profit YoY
29.0%
EPS (diluted)
$1.16
$0.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BWFG
BWFG
NSSC
NSSC
Q4 25
$30.3M
$48.2M
Q3 25
$28.5M
$49.2M
Q2 25
$25.9M
$50.7M
Q1 25
$23.6M
$44.0M
Q4 24
$21.2M
$42.9M
Q3 24
$21.9M
$44.0M
Q2 24
$21.9M
$50.3M
Q1 24
$22.1M
$49.3M
Net Profit
BWFG
BWFG
NSSC
NSSC
Q4 25
$13.5M
Q3 25
$10.1M
$12.2M
Q2 25
$9.1M
$11.6M
Q1 25
$6.9M
$10.1M
Q4 24
$10.5M
Q3 24
$1.9M
$11.2M
Q2 24
$1.1M
$13.5M
Q1 24
$3.8M
$13.2M
Gross Margin
BWFG
BWFG
NSSC
NSSC
Q4 25
58.6%
Q3 25
56.6%
Q2 25
52.8%
Q1 25
57.2%
Q4 24
57.0%
Q3 24
55.9%
Q2 24
55.3%
Q1 24
53.8%
Operating Margin
BWFG
BWFG
NSSC
NSSC
Q4 25
46.9%
30.6%
Q3 25
47.3%
27.7%
Q2 25
45.5%
23.8%
Q1 25
38.0%
25.4%
Q4 24
19.2%
26.0%
Q3 24
12.4%
26.9%
Q2 24
6.7%
27.7%
Q1 24
23.0%
29.4%
Net Margin
BWFG
BWFG
NSSC
NSSC
Q4 25
28.0%
Q3 25
35.4%
24.7%
Q2 25
35.0%
22.9%
Q1 25
29.2%
23.0%
Q4 24
24.4%
Q3 24
8.8%
25.4%
Q2 24
5.1%
26.9%
Q1 24
17.1%
26.8%
EPS (diluted)
BWFG
BWFG
NSSC
NSSC
Q4 25
$1.16
$0.38
Q3 25
$1.27
$0.34
Q2 25
$1.15
$0.33
Q1 25
$0.87
$0.28
Q4 24
$0.37
$0.28
Q3 24
$0.24
$0.30
Q2 24
$0.14
$0.36
Q1 24
$0.48
$0.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BWFG
BWFG
NSSC
NSSC
Cash + ST InvestmentsLiquidity on hand
$192.1M
$115.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$301.5M
$184.8M
Total Assets
$3.4B
$212.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWFG
BWFG
NSSC
NSSC
Q4 25
$192.1M
$115.4M
Q3 25
$128.2M
$105.8M
Q2 25
$142.6M
$99.2M
Q1 25
$136.0M
$89.3M
Q4 24
$146.1M
$99.2M
Q3 24
$145.9M
$91.3M
Q2 24
$138.0M
$70.7M
Q1 24
$126.2M
$60.9M
Stockholders' Equity
BWFG
BWFG
NSSC
NSSC
Q4 25
$301.5M
$184.8M
Q3 25
$292.8M
$176.1M
Q2 25
$283.3M
$168.6M
Q1 25
$275.2M
$161.5M
Q4 24
$270.5M
$174.2M
Q3 24
$267.9M
$178.6M
Q2 24
$267.0M
$178.9M
Q1 24
$268.0M
$168.2M
Total Assets
BWFG
BWFG
NSSC
NSSC
Q4 25
$3.4B
$212.8M
Q3 25
$3.2B
$206.0M
Q2 25
$3.2B
$198.1M
Q1 25
$3.2B
$190.9M
Q4 24
$3.3B
$202.7M
Q3 24
$3.2B
$209.9M
Q2 24
$3.1B
$207.8M
Q1 24
$3.2B
$194.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BWFG
BWFG
NSSC
NSSC
Operating Cash FlowLast quarter
$28.3M
$15.1M
Free Cash FlowOCF − Capex
$27.1M
$14.5M
FCF MarginFCF / Revenue
89.5%
30.1%
Capex IntensityCapex / Revenue
3.8%
1.2%
Cash ConversionOCF / Net Profit
1.12×
TTM Free Cash FlowTrailing 4 quarters
$47.0M
$53.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWFG
BWFG
NSSC
NSSC
Q4 25
$28.3M
$15.1M
Q3 25
$10.3M
$11.6M
Q2 25
$6.5M
$14.6M
Q1 25
$3.9M
$13.4M
Q4 24
$29.9M
$13.5M
Q3 24
$-557.0K
$12.0M
Q2 24
$7.1M
$14.3M
Q1 24
$9.0M
$12.3M
Free Cash Flow
BWFG
BWFG
NSSC
NSSC
Q4 25
$27.1M
$14.5M
Q3 25
$9.9M
$11.4M
Q2 25
$6.1M
$14.4M
Q1 25
$3.8M
$13.3M
Q4 24
$29.3M
$12.4M
Q3 24
$-672.0K
$11.3M
Q2 24
$6.8M
$13.8M
Q1 24
$8.9M
$12.0M
FCF Margin
BWFG
BWFG
NSSC
NSSC
Q4 25
89.5%
30.1%
Q3 25
34.9%
23.3%
Q2 25
23.5%
28.4%
Q1 25
16.2%
30.3%
Q4 24
138.6%
28.8%
Q3 24
-3.1%
25.8%
Q2 24
31.0%
27.4%
Q1 24
40.5%
24.3%
Capex Intensity
BWFG
BWFG
NSSC
NSSC
Q4 25
3.8%
1.2%
Q3 25
1.4%
0.4%
Q2 25
1.5%
0.5%
Q1 25
0.4%
0.1%
Q4 24
2.9%
2.6%
Q3 24
0.5%
1.5%
Q2 24
1.7%
1.1%
Q1 24
0.4%
0.7%
Cash Conversion
BWFG
BWFG
NSSC
NSSC
Q4 25
1.12×
Q3 25
1.03×
0.96×
Q2 25
0.71×
1.26×
Q1 25
0.57×
1.32×
Q4 24
1.29×
Q3 24
-0.29×
1.08×
Q2 24
6.39×
1.06×
Q1 24
2.40×
0.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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