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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) 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 $43.5M, roughly 1.1× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 12.2%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -1.1%).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

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.

DX vs NSSC — Head-to-Head

Bigger by revenue
NSSC
NSSC
1.1× larger
NSSC
$48.2M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+519.1% gap
DX
531.3%
12.2%
NSSC
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
-1.1%
NSSC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
DX
DX
NSSC
NSSC
Revenue
$43.5M
$48.2M
Net Profit
$13.5M
Gross Margin
58.6%
Operating Margin
30.6%
Net Margin
28.0%
Revenue YoY
531.3%
12.2%
Net Profit YoY
29.0%
EPS (diluted)
$1.59
$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
DX
DX
NSSC
NSSC
Q4 25
$43.5M
$48.2M
Q3 25
$30.6M
$49.2M
Q2 25
$23.1M
$50.7M
Q1 25
$17.1M
$44.0M
Q4 24
$42.9M
Q3 24
$44.0M
Q2 24
$50.3M
Q1 24
$-3.2M
$49.3M
Net Profit
DX
DX
NSSC
NSSC
Q4 25
$13.5M
Q3 25
$150.4M
$12.2M
Q2 25
$-13.6M
$11.6M
Q1 25
$-3.1M
$10.1M
Q4 24
$10.5M
Q3 24
$11.2M
Q2 24
$13.5M
Q1 24
$40.1M
$13.2M
Gross Margin
DX
DX
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
DX
DX
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
27.7%
Q1 24
29.4%
Net Margin
DX
DX
NSSC
NSSC
Q4 25
28.0%
Q3 25
491.3%
24.7%
Q2 25
-58.8%
22.9%
Q1 25
-18.0%
23.0%
Q4 24
24.4%
Q3 24
25.4%
Q2 24
26.9%
Q1 24
-1256.8%
26.8%
EPS (diluted)
DX
DX
NSSC
NSSC
Q4 25
$1.59
$0.38
Q3 25
$1.08
$0.34
Q2 25
$-0.14
$0.33
Q1 25
$-0.06
$0.28
Q4 24
$0.28
Q3 24
$0.30
Q2 24
$0.36
Q1 24
$0.64
$0.36

Balance Sheet & Financial Strength

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

Metric
DX
DX
NSSC
NSSC
Cash + ST InvestmentsLiquidity on hand
$531.0M
$115.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$184.8M
Total Assets
$17.3B
$212.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
NSSC
NSSC
Q4 25
$531.0M
$115.4M
Q3 25
$491.0M
$105.8M
Q2 25
$387.5M
$99.2M
Q1 25
$327.4M
$89.3M
Q4 24
$99.2M
Q3 24
$91.3M
Q2 24
$70.7M
Q1 24
$295.7M
$60.9M
Stockholders' Equity
DX
DX
NSSC
NSSC
Q4 25
$2.5B
$184.8M
Q3 25
$2.0B
$176.1M
Q2 25
$1.6B
$168.6M
Q1 25
$1.4B
$161.5M
Q4 24
$174.2M
Q3 24
$178.6M
Q2 24
$178.9M
Q1 24
$958.5M
$168.2M
Total Assets
DX
DX
NSSC
NSSC
Q4 25
$17.3B
$212.8M
Q3 25
$14.2B
$206.0M
Q2 25
$11.3B
$198.1M
Q1 25
$9.0B
$190.9M
Q4 24
$202.7M
Q3 24
$209.9M
Q2 24
$207.8M
Q1 24
$6.3B
$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
DX
DX
NSSC
NSSC
Operating Cash FlowLast quarter
$120.8M
$15.1M
Free Cash FlowOCF − Capex
$14.5M
FCF MarginFCF / Revenue
30.1%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.12×
TTM Free Cash FlowTrailing 4 quarters
$53.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
NSSC
NSSC
Q4 25
$120.8M
$15.1M
Q3 25
$68.3M
$11.6M
Q2 25
$31.9M
$14.6M
Q1 25
$6.4M
$13.4M
Q4 24
$13.5M
Q3 24
$12.0M
Q2 24
$14.3M
Q1 24
$-17.1M
$12.3M
Free Cash Flow
DX
DX
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
DX
DX
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
DX
DX
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
DX
DX
NSSC
NSSC
Q4 25
1.12×
Q3 25
0.45×
0.96×
Q2 25
1.26×
Q1 25
1.32×
Q4 24
1.29×
Q3 24
1.08×
Q2 24
1.06×
Q1 24
-0.43×
0.94×

Financial Flow Comparison

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

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