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Side-by-side financial comparison of Connect Biopharma Holdings Ltd (CNTB) 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 $24.1M, roughly 2.0× Connect Biopharma Holdings Ltd). Connect Biopharma Holdings Ltd runs the higher net margin — 61.6% vs 28.0%, a 33.5% gap on every dollar of revenue.

Connect Biopharma Holdings Ltd is a clinical-stage global biopharmaceutical company dedicated to developing innovative targeted therapies for inflammatory, immunological and autoimmune diseases. Its core pipeline includes candidate treatments for asthma, atopic dermatitis and other conditions with high unmet medical needs, with main operations across the U.S., China and key global markets to deliver effective therapeutic solutions to patients.

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.

CNTB vs NSSC — Head-to-Head

Bigger by revenue
NSSC
NSSC
2.0× larger
NSSC
$48.2M
$24.1M
CNTB
Higher net margin
CNTB
CNTB
33.5% more per $
CNTB
61.6%
28.0%
NSSC

Income Statement — Q2 FY2024 vs Q2 FY2026

Metric
CNTB
CNTB
NSSC
NSSC
Revenue
$24.1M
$48.2M
Net Profit
$14.8M
$13.5M
Gross Margin
58.6%
Operating Margin
56.6%
30.6%
Net Margin
61.6%
28.0%
Revenue YoY
12.2%
Net Profit YoY
148.7%
29.0%
EPS (diluted)
$0.27
$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
CNTB
CNTB
NSSC
NSSC
Q4 25
$48.2M
Q3 25
$49.2M
Q2 25
$50.7M
Q1 25
$44.0M
Q4 24
$42.9M
Q3 24
$44.0M
Q2 24
$24.1M
$50.3M
Q1 24
$49.3M
Net Profit
CNTB
CNTB
NSSC
NSSC
Q4 25
$13.5M
Q3 25
$12.2M
Q2 25
$11.6M
Q1 25
$10.1M
Q4 24
$10.5M
Q3 24
$11.2M
Q2 24
$14.8M
$13.5M
Q1 24
$13.2M
Gross Margin
CNTB
CNTB
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
CNTB
CNTB
NSSC
NSSC
Q4 25
30.6%
Q3 25
27.7%
Q2 25
23.8%
Q1 25
25.4%
Q4 24
26.0%
Q3 24
26.9%
Q2 24
56.6%
27.7%
Q1 24
29.4%
Net Margin
CNTB
CNTB
NSSC
NSSC
Q4 25
28.0%
Q3 25
24.7%
Q2 25
22.9%
Q1 25
23.0%
Q4 24
24.4%
Q3 24
25.4%
Q2 24
61.6%
26.9%
Q1 24
26.8%
EPS (diluted)
CNTB
CNTB
NSSC
NSSC
Q4 25
$0.38
Q3 25
$0.34
Q2 25
$0.33
Q1 25
$0.28
Q4 24
$0.28
Q3 24
$0.30
Q2 24
$0.27
$0.36
Q1 24
$0.36

Balance Sheet & Financial Strength

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

Metric
CNTB
CNTB
NSSC
NSSC
Cash + ST InvestmentsLiquidity on hand
$110.2M
$115.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$110.9M
$184.8M
Total Assets
$120.6M
$212.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNTB
CNTB
NSSC
NSSC
Q4 25
$115.4M
Q3 25
$105.8M
Q2 25
$99.2M
Q1 25
$89.3M
Q4 24
$99.2M
Q3 24
$91.3M
Q2 24
$110.2M
$70.7M
Q1 24
$60.9M
Stockholders' Equity
CNTB
CNTB
NSSC
NSSC
Q4 25
$184.8M
Q3 25
$176.1M
Q2 25
$168.6M
Q1 25
$161.5M
Q4 24
$174.2M
Q3 24
$178.6M
Q2 24
$110.9M
$178.9M
Q1 24
$168.2M
Total Assets
CNTB
CNTB
NSSC
NSSC
Q4 25
$212.8M
Q3 25
$206.0M
Q2 25
$198.1M
Q1 25
$190.9M
Q4 24
$202.7M
Q3 24
$209.9M
Q2 24
$120.6M
$207.8M
Q1 24
$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
CNTB
CNTB
NSSC
NSSC
Operating Cash FlowLast quarter
$-8.0M
$15.1M
Free Cash FlowOCF − Capex
$14.5M
FCF MarginFCF / Revenue
30.1%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
-0.54×
1.12×
TTM Free Cash FlowTrailing 4 quarters
$53.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNTB
CNTB
NSSC
NSSC
Q4 25
$15.1M
Q3 25
$11.6M
Q2 25
$14.6M
Q1 25
$13.4M
Q4 24
$13.5M
Q3 24
$12.0M
Q2 24
$-8.0M
$14.3M
Q1 24
$12.3M
Free Cash Flow
CNTB
CNTB
NSSC
NSSC
Q4 25
$14.5M
Q3 25
$11.4M
Q2 25
$14.4M
Q1 25
$13.3M
Q4 24
$12.4M
Q3 24
$11.3M
Q2 24
$13.8M
Q1 24
$12.0M
FCF Margin
CNTB
CNTB
NSSC
NSSC
Q4 25
30.1%
Q3 25
23.3%
Q2 25
28.4%
Q1 25
30.3%
Q4 24
28.8%
Q3 24
25.8%
Q2 24
27.4%
Q1 24
24.3%
Capex Intensity
CNTB
CNTB
NSSC
NSSC
Q4 25
1.2%
Q3 25
0.4%
Q2 25
0.5%
Q1 25
0.1%
Q4 24
2.6%
Q3 24
1.5%
Q2 24
1.1%
Q1 24
0.7%
Cash Conversion
CNTB
CNTB
NSSC
NSSC
Q4 25
1.12×
Q3 25
0.96×
Q2 25
1.26×
Q1 25
1.32×
Q4 24
1.29×
Q3 24
1.08×
Q2 24
-0.54×
1.06×
Q1 24
0.94×

Financial Flow Comparison

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

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