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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- U.S. operations
- Australia operations
- Other
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| U.S. operations | $2.43B | $2.21B | $2.22B |
| Australia operations | $177.0M | $190.9M | $177.7M |
| Other | $20.1M | $18.1M | $16.1M |
As the company reported it, from the “Business Segments and Geographic Information - Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Secure Services
- Electronic Monitoring and Supervision Services
- Reentry Services
| Segment | FY2025 | FY2024 |
|---|---|---|
| Secure Services | $2.02B | $1.81B |
| Electronic Monitoring and Supervision Services | $320.9M | $332.8M |
| Reentry Services | $286.5M | $277.6M |
As the company reported it, from the “Business Segments and Geographic Information - Sources of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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 | 120,747 | 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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.18B | $2.26B | $2.33B | $2.48B | $2.35B | $2.26B | $2.38B | $2.41B | $2.42B | $2.63B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $148.7M | $146.2M | $145.1M | $166.6M | $113.0M | $77.4M | $171.8M | $107.3M | $32.0M | $254.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 1520
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| BXBL | BOXABL Inc. | $30.9M | — | — |
| FBGL | FBS Global Ltd | — | — | 84.3% |
| SPHL | SPRINGVIEW HOLDINGS LTD | — | — | -5.8% |
| ONEG | OneConstruction Group Ltd | — | — | -7.2% |