GEO GROUP INC GEO
We specialize in the ownership, leasing and management of secure facilities, processing centers and reentry facilities and the provision of community-based services in the United States, Australia and South Africa. We own, lease and operate a broad range of secure facilities including maximum, medium and minimum-security facilities, processing centers, as well as community-based reentry facilities. We develop new facilities based on contract awards, using our project development expertise and experience to design, construct and finance what we believe are state-of-the-art facilities. We provide innovative technologies, industry-leading monitoring services, and evidence-based supervision and treatment programs for community-based programs. We also provide secure transportation services domestically and in the United Kingdom through our joint venture GEOAmey Ltd. ("GEOAmey"). As of December 31, 2025, our worldwide operations include the management and/or ownership of approximately 75,000 beds at 95 secure and community-based facilities, including idle facilities, and also includes the provision of reentry and electronic monitoring and supervision services for thousands of individuals, including an array of technology products including radio frequency, GPS, and alcohol monitoring devices.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.63B | $2.42B | $2.41B | $2.38B | $2.26B | $2.35B | $2.48B | $2.33B | $2.26B | $2.18B |
| SG&A | $235.9M | $213.0M | $190.8M | $197.0M | $204.3M | $193.4M | $185.9M | $184.5M | $190.3M | $148.7M |
| Operating income | $257.5M | $310.0M | $352.4M | $383.9M | $288.1M | $229.4M | $303.1M | $264.7M | $248.3M | $265.6M |
| Interest expense | $160.5M | $190.6M | $218.3M | $164.6M | $129.5M | $126.8M | $151.0M | $150.1M | $148.0M | $128.7M |
| Pre-tax income | $335.5M | $38.6M | $138.0M | $229.8M | $192.8M | $124.1M | $173.5M | $149.3M | $151.9M | $149.5M |
| Income tax | $85.7M | $9.4M | $35.4M | $62.9M | $122.7M | $20.5M | $16.6M | $14.1M | $18.0M | $7.9M |
| Net income | $254.4M | $32.0M | $107.3M | $171.8M | $77.4M | $113.0M | $166.6M | $145.1M | $146.2M | $148.7M |
| EPS, basic | 1.85 | 0.23 | 0.73 | 1.18 | 0.59 | 0.94 | 1.40 | 1.21 | 1.22 | 1.34 |
| EPS, diluted | 1.82 | 0.22 | 0.72 | 1.17 | 0.58 | 0.94 | 1.40 | 1.20 | 1.21 | 1.33 |
| Shares, diluted (wtd. avg.) | $139.7M | $134.1M | $123.7M | $122.3M | $120.7M | $120.0M | $119.3M | $120.7K | $120.8M | $111.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $69.0M | $76.9M | $94.0M | $143.8M | $548.3M | $311.9M | $67.5M | $84.5M | $133.5M | $90.4M |
| Receivables | $593.5M | $376.0M | $390.0M | $416.4M | $365.6M | $362.7M | $431.0M | $445.5M | $389.9M | $356.3M |
| Inventory | $41.0M | $35.9M | $25.1M | $20.7M | $9.0M | — | — | — | — | — |
| Total current assets | $718.5M | $500.2M | $528.5M | $555.0M | $943.9M | $711.3M | $541.7M | $601.8M | $579.7M | $697.7M |
| Property, plant and equipment | $1.88B | $1.90B | $1.94B | $2.00B | $2.04B | $2.12B | $2.14B | $2.16B | $2.08B | $1.90B |
| Goodwill | $756.0M | $756.0M | $755.2M | $755.2M | $755.2M | $755.2M | $776.4M | $776.4M | $779.0M | $615.4M |
| Other intangibles | $117.3M | $126.6M | $135.9M | $147.7M | $166.1M | $187.7M | $210.1M | $232.4M | $255.3M | $203.9M |
| Total assets | $3.84B | $3.63B | $3.70B | $3.76B | $4.54B | $4.46B | $4.32B | $4.26B | $4.23B | $3.75B |
| Accounts payable | $58.7M | $67.5M | $64.4M | $79.3M | $64.1M | $85.9M | $99.2M | $93.0M | $92.6M | $79.6M |
| Short-term debt | $1.4M | $1.6M | $55.9M | $44.7M | $18.6M | $26.6M | $24.5M | $335.4M | $28.9M | $238.1M |
| Total current liabilities | $356.9M | $340.2M | $437.5M | $437.2M | $378.8M | $411.3M | $395.9M | $705.2M | $369.6M | $504.1M |
| Long-term debt | $1.65B | $1.71B | $1.73B | $1.93B | $2.63B | $1.93B | $2.41B | $2.40B | $2.18B | $1.94B |
| Retained earnings | $294.3M | $39.9M | $103.1M | -$4.2M | -$176.0M | -$222.9M | -$119.8M | -$52.9M | $31.5M | $112.8M |
| Total equity | $1.51B | $1.33B | $1.29B | $1.17B | $975.0M | $912.1M | $996.0M | $1.04B | $1.20B | $975.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $72.6M | $242.2M | $277.8M | $288.0M | $282.6M | $441.7M | $338.1M | $274.5M | $381.0M | -$28.0M |
| Depreciation and amortisation | $132.0M | $126.2M | $125.8M | $132.9M | $135.2M | $134.7M | $130.8M | $126.4M | $124.3M | $114.9M |
| Stock-based compensation | $23.6M | $18.1M | $15.1M | $16.2M | $19.2M | $23.9M | $22.3M | $22.0M | $19.8M | $12.8M |
| Capital expenditure | $197.5M | $78.7M | $73.0M | $90.0M | $69.4M | $108.8M | $117.2M | $195.7M | $148.4M | $81.6M |
| Investing cash flow | $105.7M | -$101.7M | -$53.4M | $11.4M | -$53.7M | -$104.2M | -$104.1M | -$188.5M | -$500.3M | -$77.7M |
| Financing cash flow | -$185.7M | -$168.9M | -$208.1M | -$699.1M | $11.3M | -$96.7M | -$250.7M | -$125.0M | $164.7M | $119.7M |
| Dividends paid | — | — | — | — | $30.5M | $216.1M | $232.5M | $229.5M | $227.5M | $194.7M |
| Buybacks | $91.0M | — | — | — | $153.0K | $9.0M | $0 | $95.2M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-071747.
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