December 8, 2003—Security profits are up 18.5 percent in the most recent quarter compared to the prior quarter, according to the 2003-2004 SecurityStockWatch.com Profitability Survey. The survey analyzes the revenue, earnings, and profit margin for one hundred security companies in six distinct security groups: BioDefense, Environmental Security, Fraud Prevention, Military Defense, Network Security, and Physical Security.
Military defense contractors such as Boeing, General Dynamics, and Lockheed Martin are the most profitable security companies. Environmental security earnings were up 142.1 percent, led by Donaldson, Headwaters, and Neogen. Network Security earnings were up 32.3 percent, led by Netscreen Technologies, RSA Security, and Secure Computing. And Physical Security earnings were up 16.9 percent, led by Ingersoll-Rand, Kroll, and OSI Systems.
The survey attributes the profitability of the companies to terrorism threats that have emerged in recent years.
