Geo Group Inc Financials

GEO

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 52/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Geo Group Inc has an operating margin of 51.2%, meaning the company retains $51 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 14.6% the prior year.

Growth

Geo Group Inc's revenue declined 74.9% year-over-year, from $2.4B to $605.7M. This contraction results in a growth score of 0/100.

Leverage

Geo Group Inc has a moderate D/E ratio of 1.28. This balance of debt and equity financing earns a leverage score of 64/100.

Liquidity

Geo Group Inc's current ratio of 1.47 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

100

Geo Group Inc converts 27.0% of revenue into free cash flow ($163.5M). This strong cash generation earns a score of 100/100.

Returns

Geo Group Inc generates a 2.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is down from 8.3% the prior year.

Altman Z-Score Distress

1.03

Geo Group Inc scores 1.03, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.0B) relative to total liabilities ($2.3B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

4/9

Geo Group Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

7.58x

For every $1 of reported earnings, Geo Group Inc generates $7.58 in operating cash flow ($242.2M OCF vs $32.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.6x

Geo Group Inc earns $1.6 in operating income for every $1 of interest expense ($310.0M vs $190.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Geo Group Inc (GEO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$605.7M

YoY-74.9%

5Y CAGR-24.6%

10Y CAGR-9.8%

Geo Group Inc generated $605.7M in revenue in fiscal year 2024. This represents a decrease of 74.9% from the prior year.

EBITDA

$436.2M

YoY-8.8%

5Y CAGR+0.1%

10Y CAGR+2.8%

Geo Group Inc's EBITDA was $436.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.8% from the prior year.

Free Cash Flow

$163.5M

YoY-20.1%

5Y CAGR-5.8%

Geo Group Inc generated $163.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 20.1% from the prior year.

Net Income

$32.0M

YoY-70.2%

5Y CAGR-28.1%

10Y CAGR-14.0%

Geo Group Inc reported $32.0M in net income in fiscal year 2024. This represents a decrease of 70.2% from the prior year.

EPS (Diluted)

$0.22

YoY-69.4%

5Y CAGR-30.9%

10Y CAGR-19.7%

Geo Group Inc earned $0.22 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 69.4% from the prior year.

Cash & Debt

$76.9M

YoY-18.2%

5Y CAGR+18.8%

10Y CAGR+6.4%

Geo Group Inc held $76.9M in cash against $1.7B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

140M

YoY+11.2%

5Y CAGR+2.9%

10Y CAGR+6.6%

Geo Group Inc had 140M shares outstanding in fiscal year 2024. This represents an increase of 11.2% from the prior year.

Gross Margin

N/A

Operating Margin

51.2%

YoY+36.6pp

5Y CAGR+39.0pp

10Y CAGR+37.3pp

Geo Group Inc's operating margin was 51.2% in fiscal year 2024, reflecting core business profitability. This is up 36.6 percentage points from the prior year.

Net Margin

5.3%

YoY+0.8pp

5Y CAGR-1.4pp

10Y CAGR-3.2pp

Geo Group Inc's net profit margin was 5.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.8 percentage points from the prior year.

Return on Equity

2.4%

YoY-5.9pp

5Y CAGR-14.3pp

10Y CAGR-11.4pp

Geo Group Inc's ROE was 2.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 5.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$78.7M

YoY+7.8%

5Y CAGR-7.7%

Geo Group Inc invested $78.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 7.8% from the prior year.

GEO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$605.7M-74.9%	$2.4B+1.5%	$2.4B+5.3%	$2.3B-4.0%	$2.4B-5.2%	$2.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$213.0M+11.7%	$190.8M-3.2%	$197.0M-3.6%	$204.3M+5.7%	$193.4M+4.0%	$185.9M
Operating Income	$310.0M-12.0%	$352.4M-8.2%	$383.9M+33.3%	$288.1M+25.6%	$229.4M-24.3%	$303.1M
Interest Expense	$190.6M-12.7%	$218.3M+32.7%	$164.6M+27.1%	$129.5M+2.1%	$126.8M-16.0%	$151.0M
Income Tax	$9.4M-73.4%	$35.4M-43.7%	$62.9M-48.8%	$122.7M+499.8%	$20.5M+22.9%	$16.6M
Net Income	$32.0M-70.2%	$107.3M-37.5%	$171.8M+121.9%	$77.4M-31.5%	$113.0M-32.2%	$166.6M
EPS (Diluted)	$0.22-69.4%	$0.72-38.5%	$1.17+101.7%	$0.58-38.3%	$0.94-32.9%	$1.40

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$682.3M+7.3%	$636.2M+5.2%	$604.6M+0.3%	$603.1M-0.7%	$607.2M+0.2%	$605.7M-0.4%	$608.3M+0.9%	$602.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$62.1M+10.4%	$56.2M-2.6%	$57.7M+22.7%	$47.1M-9.8%	$52.2M-1.6%	$53.1M+2.9%	$51.6M+8.9%	$47.4M
Operating Income	$40.7M-43.5%	$72.0M+18.0%	$61.0M-26.0%	$82.4M+2.8%	$80.1M+0.7%	$79.6M-5.0%	$83.8M+0.2%	$83.6M
Interest Expense	$38.2M-8.8%	$41.9M-1.3%	$42.4M-6.7%	$45.5M-10.2%	$50.6M-1.3%	$51.3M-3.6%	$53.2M-4.6%	$55.8M
Income Tax	$56.4M+434.3%	$10.6M+478.0%	$1.8M-84.3%	$11.7M+157.2%	-$20.4M-352.5%	$8.1M+50.5%	$5.4M-17.8%	$6.5M
Net Income	$173.9M+497.6%	$29.1M+48.8%	$19.6M-25.7%	$26.3M+181.0%	-$32.5M-243.4%	$22.7M-10.2%	$25.2M+2.9%	$24.5M
EPS (Diluted)	$1.24+490.5%	$0.210.0%	$0.21+10.5%	$0.19+176.0%	$-0.25-278.6%	$0.14-17.6%	$0.17+6.3%	$0.16

GEO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$3.6B-1.7%	$3.7B-1.7%	$3.8B-17.1%	$4.5B+1.7%	$4.5B+3.3%	$4.3B
Current Assets	$500.2M-5.4%	$528.5M-4.8%	$555.0M-41.2%	$943.9M+32.7%	$711.3M+31.3%	$541.7M
Cash & Equivalents	$76.9M-18.2%	$94.0M-1.2%	$95.1M-81.2%	$506.5M+78.6%	$283.5M+773.4%	$32.5M
Inventory	$35.9M+43.0%	$25.1M+21.3%	$20.7M+130.0%	$9.0M	N/A	N/A
Accounts Receivable	$376.0M-3.6%	$390.0M-6.3%	$416.4M+13.9%	$365.6M+0.8%	$362.7M-15.9%	$431.0M
Goodwill	$756.0M+0.1%	$755.2M0.0%	$755.2M0.0%	$755.2M0.0%	$755.3M-2.7%	$776.4M
Total Liabilities	$2.3B-4.5%	$2.4B-7.3%	$2.6B-27.2%	$3.6B+0.4%	$3.5B+6.8%	$3.3B
Current Liabilities	$340.2M-22.2%	$437.5M+0.1%	$437.2M+15.4%	$378.8M-7.9%	$411.3M+3.9%	$395.9M
Long-Term Debt	$1.7B-0.8%	$1.7B-10.7%	$1.9B-26.4%	$2.6B+35.8%	$1.9B-19.7%	$2.4B
Total Equity	$1.3B+3.3%	$1.3B+10.7%	$1.2B+19.5%	$976.2M+6.9%	$913.1M-8.4%	$996.8M
Retained Earnings	$39.9M-61.3%	$103.1M+2533.6%	-$4.2M+97.6%	-$176.0M+21.1%	-$222.9M-86.1%	-$119.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$3.8B+4.0%	$3.7B+0.8%	$3.6B0.0%	$3.6B-0.3%	$3.6B-1.1%	$3.7B-0.3%	$3.7B-0.8%	$3.7B
Current Assets	$685.3M+36.0%	$504.1M+0.1%	$503.4M+0.6%	$500.2M+2.0%	$490.4M-7.7%	$531.5M+0.6%	$528.5M-1.9%	$538.7M
Cash & Equivalents	$183.9M+171.1%	$67.9M+4.7%	$64.8M-15.7%	$76.9M+66.1%	$46.3M-63.4%	$126.5M+34.6%	$94.0M-33.4%	$141.0M
Inventory	N/A	N/A	N/A	$35.9M+10.5%	$32.5M	N/A	$25.1M	N/A
Accounts Receivable	$452.9M+16.2%	$389.7M+1.4%	$384.2M+2.2%	$376.0M-2.1%	$384.1M+7.7%	$356.7M-8.5%	$390.0M+9.4%	$356.5M
Goodwill	$756.0M0.0%	$756.0M0.0%	$756.0M0.0%	$756.0M0.0%	$756.0M0.0%	$756.0M+0.1%	$755.2M0.0%	$755.2M
Total Liabilities	$2.3B+0.4%	$2.3B-0.5%	$2.3B-0.3%	$2.3B-2.7%	$2.4B-0.5%	$2.4B-1.3%	$2.4B-2.4%	$2.5B
Current Liabilities	$422.6M-24.7%	$561.0M+44.3%	$388.8M+14.3%	$340.2M-12.5%	$388.9M-7.6%	$420.9M-3.8%	$437.5M+1.0%	$433.3M
Long-Term Debt	$1.6B+5.2%	$1.5B-11.0%	$1.7B-3.1%	$1.7B-1.6%	$1.7B+1.3%	$1.7B-0.5%	$1.7B-3.6%	$1.8B
Total Equity	$1.5B+10.0%	$1.4B+3.0%	$1.3B+0.6%	$1.3B+4.1%	$1.3B-2.1%	$1.3B+1.4%	$1.3B+2.5%	$1.3B
Retained Earnings	$262.5M+196.4%	$88.5M+49.0%	$59.4M+49.0%	$39.9M+2165.3%	-$1.9M-101.5%	$125.8M+22.0%	$103.1M+32.4%	$77.9M

GEO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$242.2M-12.8%	$277.8M-3.5%	$288.0M+1.9%	$282.6M-36.0%	$441.7M+30.6%	$338.1M
Capital Expenditures	$78.7M+7.8%	$73.0M-18.9%	$90.0M+29.7%	$69.4M-36.2%	$108.8M-7.2%	$117.2M
Free Cash Flow	$163.5M-20.1%	$204.8M+3.4%	$198.0M-7.2%	$213.2M-36.0%	$332.9M+50.7%	$220.9M
Investing Cash Flow	-$101.7M-90.4%	-$53.4M-568.9%	$11.4M+121.2%	-$53.7M+48.4%	-$104.2M0.0%	-$104.1M
Financing Cash Flow	-$168.9M+18.8%	-$208.1M+70.2%	-$699.1M-6307.0%	$11.3M+111.6%	-$96.7M+61.4%	-$250.7M
Dividends Paid	N/A	N/A	N/A	$30.5M-85.9%	$216.1M-7.1%	$232.5M
Share Buybacks	N/A	N/A	N/A	N/A	$9.0M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$79.6M+103.1%	$39.2M-45.0%	$71.2M+285.8%	$18.5M-40.9%	$31.2M-62.5%	$83.3M+74.6%	$47.7M-60.5%	$120.6M
Capital Expenditures	$93.7M+154.6%	$36.8M+19.6%	$30.8M+48.1%	$20.8M-14.8%	$24.4M+65.3%	$14.8M-24.0%	$19.4M-11.5%	$22.0M
Free Cash Flow	-$14.1M-700.3%	$2.4M-94.2%	$40.5M+1845.2%	-$2.3M-133.9%	$6.8M-90.0%	$68.5M+142.3%	$28.3M-71.3%	$98.7M
Investing Cash Flow	$225.6M+545.3%	-$50.7M-62.7%	-$31.1M-45.1%	-$21.5M+3.5%	-$22.2M-50.5%	-$14.8M+16.3%	-$17.6M-154.1%	-$6.9M
Financing Cash Flow	-$194.5M-1746.7%	$11.8M+123.9%	-$49.4M-386.9%	$17.2M+120.7%	-$83.1M-176.1%	-$30.1M+62.0%	-$79.2M-214.2%	-$25.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GEO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	51.2%+36.6pp	14.6%-1.6pp	16.2%+3.4pp	12.8%+3.0pp	9.8%-2.5pp	12.2%
Net Margin	5.3%+0.8pp	4.5%-2.8pp	7.2%+3.8pp	3.4%-1.4pp	4.8%-1.9pp	6.7%
Return on Equity	2.4%-5.9pp	8.3%-6.4pp	14.7%+6.8pp	7.9%-4.5pp	12.4%-4.3pp	16.7%
Return on Assets	0.9%-2.0pp	2.9%-1.7pp	4.6%+2.9pp	1.7%-0.8pp	2.5%-1.3pp	3.9%
Current Ratio	1.47+0.3	1.21-0.1	1.27-1.2	2.49+0.8	1.73+0.4	1.37
Debt-to-Equity	1.28-0.1	1.34-0.3	1.66-1.0	2.69+0.6	2.12-0.3	2.42
FCF Margin	27.0%+18.5pp	8.5%+0.2pp	8.3%-1.1pp	9.4%-4.7pp	14.2%+5.3pp	8.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	6.0%-5.4pp	11.3%+1.2pp	10.1%-3.6pp	13.7%+0.5pp	13.2%+0.1pp	13.1%-0.6pp	13.8%-0.1pp	13.9%
Net Margin	25.5%+20.9pp	4.6%+1.3pp	3.2%-1.1pp	4.4%+9.7pp	-5.3%-9.1pp	3.7%-0.4pp	4.2%+0.1pp	4.1%
Return on Equity	11.4%+9.3pp	2.1%+0.6pp	1.5%-0.5pp	2.0%	N/A	1.7%-0.2pp	1.9%0.0pp	1.9%
Return on Assets	4.6%+3.8pp	0.8%+0.3pp	0.5%-0.2pp	0.7%+1.6pp	-0.9%-1.5pp	0.6%-0.1pp	0.7%+0.0pp	0.7%
Current Ratio	1.62+0.7	0.90-0.4	1.29-0.2	1.47+0.2	1.260.0	1.26+0.1	1.21-0.0	1.24
Debt-to-Equity	1.02-0.0	1.07-0.2	1.23-0.0	1.28-0.1	1.36+0.0	1.31-0.0	1.34-0.1	1.42
FCF Margin	-2.1%-2.4pp	0.4%-6.3pp	6.7%-8.3pp	15.0%+13.9pp	1.1%-10.2pp	11.3%+6.7pp	4.7%-11.7pp	16.4%

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Frequently Asked Questions

What is Geo Group Inc's annual revenue?

Geo Group Inc (GEO) reported $605.7M in total revenue for fiscal year 2024. This represents a -74.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Geo Group Inc's revenue growing?

Geo Group Inc (GEO) revenue declined by 74.9% year-over-year, from $2.4B to $605.7M in fiscal year 2024.

Is Geo Group Inc profitable?

Yes, Geo Group Inc (GEO) reported a net income of $32.0M in fiscal year 2024, with a net profit margin of 5.3%.

What is Geo Group Inc's earnings per share (EPS)?

Geo Group Inc (GEO) reported diluted earnings per share of $0.22 for fiscal year 2024. This represents a -69.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Geo Group Inc's EBITDA?

Geo Group Inc (GEO) had EBITDA of $436.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Geo Group Inc have?

As of fiscal year 2024, Geo Group Inc (GEO) had $76.9M in cash and equivalents against $1.7B in long-term debt.

What is Geo Group Inc's operating margin?

Geo Group Inc (GEO) had an operating margin of 51.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Geo Group Inc's net profit margin?

Geo Group Inc (GEO) had a net profit margin of 5.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Geo Group Inc's return on equity (ROE)?

Geo Group Inc (GEO) has a return on equity of 2.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Geo Group Inc's free cash flow?

Geo Group Inc (GEO) generated $163.5M in free cash flow during fiscal year 2024. This represents a -20.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Geo Group Inc's operating cash flow?

Geo Group Inc (GEO) generated $242.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Geo Group Inc's total assets?

Geo Group Inc (GEO) had $3.6B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Geo Group Inc's capital expenditures?

Geo Group Inc (GEO) invested $78.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Geo Group Inc have outstanding?

Geo Group Inc (GEO) had 140M shares outstanding as of fiscal year 2024.

What is Geo Group Inc's current ratio?

Geo Group Inc (GEO) had a current ratio of 1.47 as of fiscal year 2024, which is considered adequate.

What is Geo Group Inc's debt-to-equity ratio?

Geo Group Inc (GEO) had a debt-to-equity ratio of 1.28 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Geo Group Inc's return on assets (ROA)?

Geo Group Inc (GEO) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Geo Group Inc's Altman Z-Score?

Geo Group Inc (GEO) has an Altman Z-Score of 1.03, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Geo Group Inc's Piotroski F-Score?

Geo Group Inc (GEO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Geo Group Inc's earnings high quality?

Geo Group Inc (GEO) has an earnings quality ratio of 7.58x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Geo Group Inc cover its interest payments?

Geo Group Inc (GEO) has an interest coverage ratio of 1.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Geo Group Inc?

Geo Group Inc (GEO) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.