The GEO Group, Inc. (GEO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.29	$0.37	+27.6%	—	—	—
Q3 26	$0.2	$0.29	+45.0%	—	—	—
Q2 26	$0.25	$0.25	0.0%	—	—	—
Q1 26	$0.23	$0.25	+8.7%	—	—	—
Q4 25	$0.16	$0.22	+37.5%	—	—	—
Q3 25	$0.19	$0.14	-26.3%	—	—	—
Q2 25	$0.23	$0.13	-43.5%	—	—	—
Q1 25	$0.24	$0.21	-12.5%	—	—	—
Q4 24	$0.26	$0.23	-11.5%	—	—	—
Q3 24	$0.2	$0.18	-10.0%	—	—	—
Q2 24	$0.18	$0.29	+61.1%	—	—	—
Q1 24	$0.19	$0.19	0.0%	—	—	—
Q4 23	$0.2	$0.24	+20.0%	—	—	—
Q3 23	$0.22	$0.22	0.0%	—	—	—
Q2 23	$0.25	$0.34	+36.0%	—	—	—
Q1 23	$0.34	$0.33	-2.9%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.85	—	—	$2.6B	—
FY24	—	$0.23	—	—	$2.4B	—
FY23	—	$0.73	—	—	$2.4B	—
FY22	—	$1.18	—	—	$2.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.2B	$2.3B	$2.3B	$2.5B	$2.4B	$2.3B	$2.4B	$2.4B	$2.4B	$2.6B
YoY change	+18.2%	+3.85%	+3%	+6.29%	-5.16%	-3.98%	+5.32%	+1.53%	+0.44%	+8.58%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.2B	2.3B	2.3B	2.5B	2.4B	2.3B	2.4B	2.4B	2.4B	2.6B
Cost of revenue	1.7B	1.7B	1.8B	1.9B	1.8B	1.6B	1.7B	1.7B	—	—
Gross profit	529.2M	562.9M	575.6M	619.9M	578.6M	627.6M	713.8M	668.9M	—	—
Gross margin	24.3%	24.9%	24.7%	25%	24.6%	27.8%	30%	27.7%	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	148.7M	190.3M	184.5M	185.9M	193.4M	204.3M	197M	190.8M	213M	235.9M
Operating expenses	1.8B	1.9B	1.9B	2B	2B	1.8B	1.9B	1.9B	2B	2.2B
Operating income	265.6M	248.3M	264.7M	303.1M	250.6M	288.1M	383.9M	352.4M	310M	295.1M
Operating margin	12.2%	11%	11.4%	12.2%	10.7%	12.8%	16.2%	14.6%	12.8%	11.2%
Non-operating income, net	-15.9M	—	—	-7.5M	-22.7M	10.2M	-5.6M	-3.8M	-89.5M	191.8M
Pretax income	149.5M	151.9M	149.3M	173.5M	124.1M	192.8M	229.8M	138M	38.6M	335.5M
Income tax	7.9M	18M	14.1M	16.6M	20.5M	122.7M	62.9M	35.4M	9.4M	85.7M
Net income	148.5M	146M	144.8M	166.4M	112.8M	77.2M	171.7M	107.2M	31.9M	254.3M
Net margin	6.81%	6.45%	6.21%	6.72%	4.8%	3.42%	7.22%	4.44%	1.32%	9.66%
EBITDA	409M	424.3M	425.9M	462.9M	408.3M	447.3M	532.9M	486M	445M	441.7M
EPS	1.34	1.22	1.21	1.4	0.94	0.59	1.18	0.73	0.23	1.85
Diluted EPS	1.33	1.21	1.2	1.4	0.94	0.58	1.17	0.72	0.22	1.82

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	602.8M	608.3M	605.7M	607.2M	603.1M	607.7M	604.6M	636.2M	682.3M	707.7M	705.2M	732.1M
Cost of revenue	—	—	441.7M	—	—	—	—	—	—	—	—	—
Gross profit	—	—	164M	—	—	—	—	—	—	—	—	—
Gross margin	—	—	27.1%	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	47.4M	51.6M	53.1M	52.2M	47.1M	60.7M	57.7M	56.2M	62.1M	59.8M	60.6M	65.5M
Operating expenses	488M	493.5M	494.7M	495.7M	489M	508M	511.5M	531.5M	571M	589.7M	582.1M	596.2M
Operating income	83.6M	83.8M	79.6M	80.1M	82.4M	67.9M	61M	72M	78.3M	83.8M	89.3M	101.7M
Operating margin	13.9%	13.8%	13.1%	13.2%	13.7%	11.2%	10.1%	11.3%	11.5%	11.8%	12.7%	13.9%
Non-operating income, net	1.2M	-5.4M	-39K	-85.2M	-2.9M	-1.3M	—	4.9M	186.9M	0	—	-673K
Pretax income	30.3M	29.1M	30.7M	-53.8M	37.1M	24.5M	20.5M	37.5M	229.6M	47.9M	52.7M	65.7M
Income tax	6.5M	5.4M	8.1M	-20.4M	11.7M	10M	1.8M	10.6M	56.4M	16.9M	15M	18.9M
Net income	24.5M	25.2M	22.7M	-32.6M	26.3M	15.5M	19.5M	29.1M	173.9M	31.8M	38.3M	47.5M
Net margin	4.06%	4.14%	3.74%	-5.36%	4.36%	2.55%	3.23%	4.57%	25.5%	4.49%	5.43%	6.48%
EBITDA	116.1M	118.8M	113.4M	113.5M	117.3M	100.8M	95.1M	112.7M	113.9M	120M	124.8M	139.1M
EPS	0.17	0.22	0.15	-0.25	0.19	0.11	0.14	0.21	1.26	0.23	0.29	0.36
Diluted EPS	0.16	0.21	0.14	-0.25	0.19	0.11	0.14	0.21	1.24	0.23	0.29	0.36

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.7B	2.8B	2.4B	2B	1.1B	933M	1.3B	1.3B	3.7B	2.2B	4B
Enterprise value	5B	5.3B	5.1B	4.8B	3.8B	3.5B	3.3B	3.1B	5.4B	3.9B	5.6B
Shares outstanding	111.1M	120.1M	120.2M	119.1M	119.7M	120.4M	121M	121.9M	131.3M	137.5M	137.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	17.9	19.4	16.4	11.9	9.4	12.1	7.72	12.3	115.2	8.72	14.2
P/S	1.22	1.25	1.02	0.8	0.45	0.41	0.56	0.55	1.52	0.84	1.4
P/B	2.73	2.36	2.28	1.99	1.16	0.96	1.14	1.02	2.76	1.47	2.58
EV/EBITDA	12.3	12.6	11.9	10.4	9.36	7.8	6.2	6.41	12.2	8.77	11.4
EV/Sales	2.3	2.36	2.18	1.94	1.63	1.55	1.39	1.29	2.23	1.47	1.98
Earnings yield	5.58%	5.15%	6.11%	8.41%	10.6%	8.28%	13%	8.12%	0.87%	11.5%	7.05%
FCF yield	-4.12%	8.21%	3.33%	11.2%	31.4%	22.9%	15.6%	16.1%	4.45%	-5.64%	-0.09%
PEG	—	—	—	—	—	—	—	—	—	—	0.2

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	24.3%	24.9%	24.7%	25%	24.6%	27.8%	30%	27.7%	—	—	—
Operating margin	12.2%	11%	11.4%	12.2%	10.7%	12.8%	16.2%	14.6%	12.8%	11.2%	13.9%
Net margin	6.81%	6.45%	6.21%	6.72%	4.8%	3.42%	7.22%	4.44%	1.32%	9.66%	10.3%
ROE	15.2%	12.2%	13.9%	16.7%	12.4%	7.92%	14.7%	8.31%	2.39%	16.9%	20.1%
ROA	3.96%	3.45%	3.4%	3.85%	2.53%	1.7%	4.57%	2.9%	0.88%	6.62%	6%
ROIC	7.56%	5.92%	6.38%	7.15%	5.69%	2.97%	8.87%	8.5%	7.64%	6.95%	8.4%
Return on tangible assets	7.04%	6.77%	6.46%	7.1%	4.38%	2.87%	8.78%	5.6%	1.71%	12.1%	14.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.38	1.57	0.85	1.37	1.73	2.49	1.27	1.21	1.47	2.01	1.65
Quick ratio	1.38	1.57	0.85	1.37	1.73	2.49	1.27	1.21	1.47	2.01	1.65
Debt / equity	2.48	2.15	2.64	2.88	3.34	3.14	1.78	1.46	1.36	1.15	1.06
Debt / assets	0.65	0.61	0.65	0.66	0.68	0.67	0.55	0.51	0.5	0.45	0.43
Net debt / EBITDA	5.75	5.89	6.38	6.13	6.77	5.71	3.71	3.69	3.9	3.75	3.12
Interest coverage	2.16	2.03	1.99	2.15	1.98	2.49	2.4	1.63	1.2	3.09	3.59
Effective tax rate	5.29%	11.8%	9.45%	9.59%	16.5%	63.6%	27.4%	25.6%	24.4%	25.6%	27.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	19.6	18.8	19.4	20.8	19.6	18.7	19.6	19.8	18.5	19.1	21
EPS (basic)	1.34	1.22	1.21	1.4	0.94	0.59	1.18	0.73	0.23	1.85	1.85
EPS (diluted)	1.33	1.21	1.2	1.4	0.94	0.58	1.17	0.72	0.22	1.82	2.12
Book value per share	8.78	9.98	8.65	8.36	7.62	8.1	9.63	10.6	10.2	10.9	11.7
FCF per share	-0.99	1.94	0.66	1.85	2.78	1.77	1.71	1.74	1.25	-0.91	0.2
Cash per share	0.61	0.68	0.26	0.27	2.37	4.21	0.79	0.77	0.59	0.5	0.43
Capex per share	0.02	0.03	0.02	0	0	0.03	0	—	—	1.44	1.3

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.09%	0.15%	0.09%	0.02%	0.01%	0.18%	0%	—	—	7.51%	6.09%
Capex / operating cash flow	-4.69%	0.9%	0.78%	0.13%	0.03%	1.46%	0%	—	—	272%	86.7%
Payout ratio	131.1%	155.8%	158.5%	139.7%	191.6%	39.5%	0%	0%	—	—	0%
Dividend yield	7.32%	8.03%	9.69%	11.8%	20.4%	3.27%	0%	0%	—	—	3.31%

Yield

3.31%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Jan 22, 2021

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jan 22, 2021	$0.25
Oct 15, 2020	$0.34
Jul 16, 2020	$0.48
Apr 16, 2020	$0.48
Feb 13, 2020	$0.48
Oct 24, 2019	$0.48
Jul 18, 2019	$0.48
Apr 12, 2019	$0.48

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$602.8M	$608.3M	$605.7M	$607.2M	$603.1M	$607.7M	$604.6M	$636.2M	$682.3M	$707.7M	$705.2M	$732.1M
YoY change	-2.25%	-2%	-0.42%	+2.24%	+0.06%	-0.09%	-0.17%	+4.77%	+13.1%	+16.5%	+16.6%	+15.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	68M	81.4M	31.3M	32.5M	283.5M	506.5M	95.1M	94M	76.9M	69M
Receivables	356.3M	389.9M	445.5M	431M	362.7M	365.6M	416.4M	390M	376M	593.5M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	697.7M	579.7M	601.8M	541.7M	711.3M	943.9M	555M	528.5M	500.2M	718.5M
Property, plant & equipment	43.8M	68.8M	14.2M	36.3M	-18M	-127.5M	-198.7M	-267.5M	-332.4M	-343.9M
Goodwill & intangibles	1.6B	2.1B	2B	2B	1.9B	1.8B	1.8B	1.8B	1.8B	1.7B
Total assets	3.7B	4.2B	4.3B	4.3B	4.5B	4.5B	3.8B	3.7B	3.6B	3.8B
Accounts payable	79.9M	96.5M	94.9M	100.3M	86.9M	64.3M	80.2M	65.7M	67.8M	59.5M
Short-term debt	238.1M	28.9M	332M	50.4M	55.3M	46.8M	67.3M	80.5M	26.9M	18.5M
Total current liabilities	504.1M	369.6M	705.2M	395.9M	411.3M	378.8M	437.2M	437.5M	340.2M	356.9M
Long-term debt	2.2B	2.6B	2.4B	2.8B	3B	3B	2B	1.8B	1.8B	1.7B
Total liabilities	2.8B	3B	3.2B	3.3B	3.5B	3.6B	2.6B	2.4B	2.3B	2.3B
Shareholders' equity	975M	1.2B	1B	996M	912.1M	975M	1.2B	1.3B	1.3B	1.5B
Total debt	2.4B	2.6B	2.7B	2.9B	3B	3.1B	2.1B	1.9B	1.8B	1.7B
Net debt	2.4B	2.5B	2.7B	2.8B	2.8B	2.6B	2B	1.8B	1.7B	1.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	141M	94M	126.5M	46.3M	70.6M	76.9M	64.8M	67.9M	183.9M	69M	80.2M	55M
Receivables	356.5M	390M	356.7M	384.1M	367.5M	376M	384.2M	389.7M	452.9M	593.5M	573.4M	531.9M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	538.7M	528.5M	531.5M	490.4M	484.5M	500.2M	503.4M	504.1M	685.3M	718.5M	698.9M	635M
Property, plant & equipment	2.1B	-267.5M	2B	2B	2B	-332.4M	2B	1.9B	2B	-343.9M	1.9B	1.9B
Goodwill & intangibles	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.7B	1.7B	1.7B
Total assets	3.7B	3.7B	3.7B	3.6B	3.6B	3.6B	3.6B	3.7B	3.8B	3.8B	3.8B	3.7B
Accounts payable	66.8M	65.7M	67.8M	76.3M	64.5M	67.8M	65M	70M	68.7M	59.5M	59.1M	56.2M
Short-term debt	87.8M	80.5M	67.7M	49M	80.5M	26.9M	50M	243.6M	19.2M	18.5M	17.5M	45.7M
Total current liabilities	433.3M	437.5M	420.9M	388.9M	441.6M	340.2M	388.8M	561M	422.6M	356.9M	398.3M	384M
Long-term debt	1.9B	1.8B	1.8B	1.8B	1.7B	1.8B	1.7B	1.5B	1.6B	1.7B	1.6B	1.6B
Total liabilities	2.5B	2.4B	2.4B	2.4B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.2B
Shareholders' equity	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.4B	1.5B	1.5B	1.5B	1.5B
Total debt	2B	1.9B	1.9B	1.9B	1.8B	1.8B	1.8B	1.8B	1.6B	1.7B	1.7B	1.6B
Net debt	1.8B	1.8B	1.7B	1.8B	1.7B	1.7B	1.7B	1.7B	1.4B	1.7B	1.6B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	148.7M	146.2M	145.1M	166.6M	113M	77.4M	171.8M	107.3M	32M	254.4M
Depreciation & amortization	114.9M	124.3M	126.4M	130.8M	134.7M	135.2M	132.9M	125.8M	126.2M	132M
Stock-based compensation	12.8M	19.8M	22M	22.3M	23.9M	19.2M	16.2M	15.1M	18.1M	23.6M
Change in working capital	-325.9M	63.8M	-36.5M	-2.1M	130.6M	-42.4M	-25.8M	11.7M	-29.4M	-135.8M
Operating cash flow	-43.3M	383M	267.2M	325.7M	420.3M	283.3M	291M	273.4M	156.6M	72.6M
Capital expenditure	2M	3.5M	2.1M	414K	140K	4.1M	0	—	—	-197.5M
Investing cash flow	3.9M	-351.8M	7.2M	12.3M	2.2M	-5.6M	-8.4M	-7.2M	-23M	-215.4M
Dividends paid	-194.7M	-227.5M	-229.5M	-232.5M	-216.1M	-30.5M	0	0	—	—
Share repurchases	0	0	-95.2M	0	-9M	0	0	—	—	-91M
Financing cash flow	115.9M	157.3M	-127.4M	-252.4M	-97.4M	11M	-699.4M	-208.5M	-177.2M	-190.4M
Net change in cash	76.5M	188.4M	147M	85.6M	325.2M	288.6M	-416.8M	57.7M	-43.6M	-333.1M
Free cash flow	-109.6M	232.6M	78.8M	220.9M	332.9M	213.2M	206.4M	211.9M	163.5M	-124.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	24.5M	25.2M	22.7M	-32.5M	26.3M	15.5M	19.6M	29.1M	173.9M	31.8M	38.3M	47.5M
Depreciation & amortization	31.2M	31M	31.4M	31.3M	31.8M	31.8M	32.1M	32.7M	33M	34.1M	33.8M	34.2M
Stock-based compensation	3.1M	3M	5.7M	3.1M	3.5M	5.8M	6.5M	5.5M	7.6M	4M	7.8M	4.9M
Change in working capital	59.1M	-33.4M	19.3M	-57.5M	49.2M	-40.4M	12M	-23.3M	90.7M	-215.1M	68.6M	-4.6M
Operating cash flow	121M	28.9M	81.9M	-53.6M	112.5M	14.3M	71.8M	39.2M	79.6M	-117.3M	156.5M	80M
Capital expenditure	2.7M	—	0	—	—	—	—	-36.8M	-93.7M	-36.2M	-21.7M	-20.6M
Investing cash flow	-2.7M	-4.5M	-2.5M	2.2M	-24.5M	-679K	-370K	-50.7M	-95.5M	-38.1M	-22.7M	-28.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	-41.6M	-49.4M	-50.1M	-36.6M
Financing cash flow	-25.3M	-79.4M	-30.7M	-1.8B	-73.1M	9.8M	-52.8M	10.9M	-194.8M	46.3M	-117.7M	-85.6M
Net change in cash	93M	-55M	48.7M	-1.9B	14.9M	23.4M	18.6M	-585K	-210.7M	-109.1M	16.1M	-33.9M
Free cash flow	98.7M	32.8M	71M	6.8M	90.5M	-2.3M	40.5M	2.4M	-14.1M	-153.6M	134.8M	59.4M

The GEO Group, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history