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Side-by-side financial comparison of KNOT Offshore Partners LP (KNOP) and NAPCO SECURITY TECHNOLOGIES, INC (NSSC). Click either name above to swap in a different company.

KNOT Offshore Partners LP is the larger business by last-quarter revenue ($87.1M vs $48.2M, roughly 1.8× NAPCO SECURITY TECHNOLOGIES, INC). NAPCO SECURITY TECHNOLOGIES, INC runs the higher net margin — 28.0% vs 7.8%, a 20.2% gap on every dollar of revenue. On growth, KNOT Offshore Partners LP posted the faster year-over-year revenue change (17.0% vs 12.2%).

KNOT Offshore Partners LP is a publicly traded master limited partnership focused on owning, operating and chartering purpose-built shuttle tankers. It serves offshore oil and gas production operators across key markets including the North Sea, Brazil and West Africa, supporting marine logistics for offshore energy extraction.

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.

KNOP vs NSSC — Head-to-Head

Bigger by revenue
KNOP
KNOP
1.8× larger
KNOP
$87.1M
$48.2M
NSSC
Growing faster (revenue YoY)
KNOP
KNOP
+4.8% gap
KNOP
17.0%
12.2%
NSSC
Higher net margin
NSSC
NSSC
20.2% more per $
NSSC
28.0%
7.8%
KNOP

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
KNOP
KNOP
NSSC
NSSC
Revenue
$87.1M
$48.2M
Net Profit
$6.8M
$13.5M
Gross Margin
58.6%
Operating Margin
25.5%
30.6%
Net Margin
7.8%
28.0%
Revenue YoY
17.0%
12.2%
Net Profit YoY
153.0%
29.0%
EPS (diluted)
$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
KNOP
KNOP
NSSC
NSSC
Q4 25
$48.2M
Q3 25
$49.2M
Q2 25
$87.1M
$50.7M
Q1 25
$44.0M
Q4 24
$42.9M
Q3 24
$44.0M
Q2 24
$74.4M
$50.3M
Q1 24
$49.3M
Net Profit
KNOP
KNOP
NSSC
NSSC
Q4 25
$13.5M
Q3 25
$12.2M
Q2 25
$6.8M
$11.6M
Q1 25
$10.1M
Q4 24
$10.5M
Q3 24
$11.2M
Q2 24
$-12.9M
$13.5M
Q1 24
$13.2M
Gross Margin
KNOP
KNOP
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
KNOP
KNOP
NSSC
NSSC
Q4 25
30.6%
Q3 25
27.7%
Q2 25
25.5%
23.8%
Q1 25
25.4%
Q4 24
26.0%
Q3 24
26.9%
Q2 24
1.8%
27.7%
Q1 24
29.4%
Net Margin
KNOP
KNOP
NSSC
NSSC
Q4 25
28.0%
Q3 25
24.7%
Q2 25
7.8%
22.9%
Q1 25
23.0%
Q4 24
24.4%
Q3 24
25.4%
Q2 24
-17.3%
26.9%
Q1 24
26.8%
EPS (diluted)
KNOP
KNOP
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
$0.36
Q1 24
$0.36

Balance Sheet & Financial Strength

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

Metric
KNOP
KNOP
NSSC
NSSC
Cash + ST InvestmentsLiquidity on hand
$66.3M
$115.4M
Total DebtLower is stronger
$914.5M
Stockholders' EquityBook value
$184.8M
Total Assets
$1.6B
$212.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KNOP
KNOP
NSSC
NSSC
Q4 25
$115.4M
Q3 25
$105.8M
Q2 25
$66.3M
$99.2M
Q1 25
$89.3M
Q4 24
$99.2M
Q3 24
$91.3M
Q2 24
$56.6M
$70.7M
Q1 24
$60.9M
Total Debt
KNOP
KNOP
NSSC
NSSC
Q4 25
Q3 25
Q2 25
$914.5M
Q1 25
Q4 24
Q3 24
Q2 24
$895.4M
Q1 24
Stockholders' Equity
KNOP
KNOP
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
$178.9M
Q1 24
$168.2M
Total Assets
KNOP
KNOP
NSSC
NSSC
Q4 25
$212.8M
Q3 25
$206.0M
Q2 25
$1.6B
$198.1M
Q1 25
$190.9M
Q4 24
$202.7M
Q3 24
$209.9M
Q2 24
$1.5B
$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
KNOP
KNOP
NSSC
NSSC
Operating Cash FlowLast quarter
$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
KNOP
KNOP
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
$14.3M
Q1 24
$12.3M
Free Cash Flow
KNOP
KNOP
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
KNOP
KNOP
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
KNOP
KNOP
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
KNOP
KNOP
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
1.06×
Q1 24
0.94×

Financial Flow Comparison

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

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