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GEO

The GEO Group, Inc.

GEO

The GEO Group, Inc. • NYSE
$15.76 ▲ 1.16% (+0.18)
Market Cap $2.19 B
52w High $36.46
52w Low $14.27
Dividend Yield 0%
P/E 9.33
Volume 670.79K
Outstanding Shares 139.20M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $682.341M ▲ $132.76M ▼ $173.94M ▲ 25.492% ▲ $1.26 ▲ $263.352M ▲
Q2-2025 $636.169M ▲ $564.196M ▲ $29.108M ▲ 4.576% ▲ $0.21 ▲ $112.09M ▲
Q1-2025 $604.647M ▼ $543.663M ▲ $19.558M ▲ 3.235% ▲ $0.14 ▲ $95.117M ▼
Q4-2024 $607.72M ▲ $539.823M ▲ $15.491M ▼ 2.549% ▼ $0.11 ▼ $99.497M ▼
Q3-2024 $603.125M $520.754M $26.32M 4.364% $0.19 $114.375M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $183.945M ▲ $3.809B ▲ $2.289B ▲ $1.522B ▲
Q2-2025 $67.861M ▲ $3.661B ▲ $2.28B ▼ $1.383B ▲
Q1-2025 $64.822M ▼ $3.632B ▲ $2.291B ▼ $1.343B ▲
Q4-2024 $76.896M ▲ $3.632B ▼ $2.299B ▼ $1.335B ▲
Q3-2024 $70.635M $3.633B $2.319B $1.316B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $173.94M ▲ $79.555M ▲ $225.574M ▲ $-194.542M ▼ $110.951M ▲ $-14.149M ▼
Q2-2025 $29.108M ▲ $39.168M ▼ $-50.658M ▼ $11.814M ▲ $-618K ▲ $2.357M ▼
Q1-2025 $19.558M ▲ $71.225M ▲ $-31.141M ▼ $-49.423M ▼ $-8.66M ▼ $40.454M ▲
Q4-2024 $14.722M ▼ $18.464M ▼ $-21.461M ▲ $17.229M ▲ $9.046M ▼ $-2.318M ▼
Q3-2024 $26.32M $109.252M $-43.261M $-72.915M $18.096M $90.517M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Electronic Monitoring And Supervision Services
Electronic Monitoring And Supervision Services
 $170.00M ▲$80.00M ▼$80.00M ▲$80.00M ▲
International Services Segment
International Services Segment
 $110.00M ▲$50.00M ▼$40.00M ▼$50.00M ▲
Reentry Services
Reentry Services
 $190.00M ▲$70.00M ▼$70.00M ▲$70.00M ▲
Us Corrections And Detention
Us Corrections And Detention
 $800.00M ▲$410.00M ▼$440.00M ▲$480.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly steady over the past several years, edging up rather than surging. Operating profit has held up reasonably well, but the bottom-line profit has become much thinner and more volatile, with a notable step down in the most recent year. This suggests the core operations are still functioning, but interest costs, taxes, or one-time items may be weighing on net income. Overall, this looks like a mature, stable-revenue business with tight margins and limited profit cushion if conditions worsen.

Balance Sheet

Balance Sheet The balance sheet shows a company that has been gradually repairing itself. Debt has been brought down meaningfully from earlier years, and equity has been rebuilt, which points to deliberate de‑leveraging and balance sheet strengthening. On the other hand, total assets have drifted lower and cash on hand is now relatively modest, which reduces financial flexibility and leaves less room for shocks. GEO is in a better position than a few years ago from a leverage standpoint, but it is not in a cash-rich or overly conservative posture.

Cash Flow

Cash Flow Cash generation from the underlying business has been consistently positive and relatively stable, indicating that GEO converts its earnings into cash reasonably well. Capital spending has been modest, so a good portion of operating cash flow shows up as free cash flow, which is helpful for paying down debt or handling obligations. However, cash flow is not growing quickly and does not appear abundant relative to the size of the business and its debt load. This is a solid but not spectacular cash profile for a mature, capital-intensive operator.

Competitive Edge

Competitive Edge GEO’s competitive strength rests heavily on long-term relationships and contracts with government agencies, scale in managing facilities, and a broad set of services that range from secure housing to community reentry and monitoring. Its integrated model and high contract renewal rates create meaningful barriers for new entrants, and governments often value a single provider that can deliver turnkey solutions. At the same time, the customer base is highly concentrated in public-sector clients, and the business is exposed to swings in political priorities, regulatory changes, and public opinion about private corrections. Competitive pressure can also arise from government agencies choosing to insource services or shift toward alternative models of supervision and rehabilitation.

Innovation and R&D

Innovation and R&D Innovation at GEO is less about traditional laboratory R&D and more about applying technology and program design to corrections and supervision. Through its BI subsidiary, GEO has built a strong position in electronic monitoring, app-based supervision, and surveillance tools, moving part of its business toward “e-carceration” and away from purely physical facilities. Its GEO Continuum of Care program and focus on rehabilitation, education, and mental health services align with broader justice reform trends and create a differentiated offering versus pure custody providers. These innovations may support higher-margin, growth-oriented lines of business, but they also come with reputational and regulatory scrutiny around privacy, surveillance, and outcomes, which could influence how fast and in what form these services expand.

Summary

GEO today looks like a mature, contract-driven services company with stable revenue, modest but tightening profitability, and a balance sheet that has improved mainly through steady debt reduction rather than rapid growth. The business throws off consistent free cash flow, but not at levels that dramatically change its risk profile, especially given its reliance on government contracts. Its main strengths are deep government relationships, scale, and an integrated model that spans facilities, monitoring, and rehabilitation programs. The main risks revolve around politics, regulation, reputational issues, and the inherent dependence on public-sector decisions. Future performance will likely hinge on GEO’s ability to keep contracts, manage its remaining leverage, and expand its higher-tech and rehabilitative offerings without running afoul of shifting policy and social expectations.

NEWS

November 28, 2025 · 5:10 PM UTC

Cerrado Gold Announces Third Quarter 2025 Financial Results

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November 6, 2025 · 6:00 AM UTC

The GEO Group Reports Third Quarter 2025 Results and Increases Share Repurchase Authorization to $500 Million

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October 2, 2025 · 8:00 AM UTC

Pattern Launches Free GEO Scorecard to Show Ecommerce Brands How They Rank Against Competitors on LLM Engines

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October 1, 2025 · 6:00 AM UTC

The GEO Group Announces Date for Third Quarter 2025 Earnings Release and Conference Call

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September 30, 2025 · 4:15 PM UTC

The GEO Group Awarded Contract by U.S. Immigration and Customs Enforcement for Continued Provision of Services Under Intensive Supervision Appearance Program

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