Skip to main content
Institutional deep-dive - valuation, health, statements

Financial Analysis

Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data

Fundamentals

GEO GROUP INC GEO

· Construction · General Bldg Contractors - Residential Bldgs

FY2025 10-K, filed 2026-02-25
SEC EDGAR

Filing evidence summary

Mixed evidenceCoverage 5/5 core metrics

Operating margin changed -3.0 percentage points from the prior annual period.

Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.

Evidence signals

  • Operating margin compressed

    Operating margin changed -3.0 percentage points from the prior annual period.

    Why this surfaced

    Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.

  • Free cash flow was negative

    Latest reported free cash flow was -$125M.

    Why this surfaced

    Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.

  • 4 filing risk checks flagged

    Flagged areas: Earnings quality, Solvency & liquidity, Dilution.

    Why this surfaced

    The full financial analysis shows each value, threshold, and sector limitation.

  • Revenue expanded

    Latest reported annual revenue changed +8.6% from the prior reported annual observation.

    Why this surfaced

    Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.

Core trend metrics

Latest annual revenue growth
+8.6%
as of 2025-12-31
Latest annual operating margin
9.8%
as of 2025-12-31
Free cash flow
-$125M
as of 2025-12-31
Debt / equity
1.10x
as of 2025-12-31
ROIC snapshot
6.7%
period varies

Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.

Where to look next

Risk checks

4of 11 rule-based checks flagged
  • Earnings quality
  • Solvency & liquidity
  • Dilution

Financial movement

  • Cash→ flat
  • Long-term debt→ flat
  • Inventory→ flat
  • Receivables→ flat
  • Current assets→ flat

Source & freshness

Source
SEC EDGAR XBRL
Fetched
2026-09-06
Latest period end
2025-12-31
Filings
EDGAR ↗

Reported segment mix

figures as filed · share of the filed sum · change vs the prior period in the same filing
Fiscal year ending 2025-12-3110-K filed 2026-02-25prior period 2024-12-31 from the same filingView filing
By business segment
Revenue
  • Us Corrections And Detention$1.83B
    69.4%
    +13.9% yoy
  • Electronic Monitoring And Supervision Services$321M
    12.2%
    -3.6% yoy
  • Reentry Services$287M
    10.9%
    +3.2% yoy
  • International Services Segment$197M
    7.5%
    -5.7% yoy

Members sum to the consolidated $2.63B for this period.

By product or service
Revenue
  • Owned And Leased Corrections And Detention$1.39B
    52.8%
    +14.9% yoy
  • Managed Only$643M
    24.4%
    +5.0% yoy
  • Electronic Monitoring Services And Other Reentry$436M
    16.6%
    -0.9% yoy
  • Owned And Leased Community Based$164M
    6.2%
    +0.3% yoy

Members sum to the consolidated $2.63B for this period.

By geography
Revenue
  • United States$2.43B
    92.5%
    +9.9% yoy
  • Australia$177M
    6.7%
    -7.3% yoy
  • ZA$20.1M
    0.8%
    +11.2% yoy

Members sum to the consolidated $2.63B for this period.

Latest quarter
Quarter ending 2026-03-3110-Q filed 2026-05-07prior period 2025-03-31 from the same filingView filing
  • GEO Secure Services$560M
    79.4%
    +22.6% yoy
  • Electronic Monitoring And Supervision Services$74.2M
    10.5%
    -4.5% yoy
  • Reentry Services$71.2M
    10.1%
    +1.2% yoy

Change is against the same quarter a year earlier, as reported in the same 10-Q.

Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.

Peer percentiles

latest fiscal year ending 2025-12-31 · among 3,990 US-listed filers · 317 in Industrials
MetricValuevs all filersvs sector
Revenue
latest fiscal-year revenue as filed
$2.6B
71stof 3,301
top third
58thof 306
middle third
Revenue growth
latest fiscal-year revenue vs the prior fiscal year
8.6%
57thof 3,137
middle third
66thof 295
middle third
Operating margin
operating income ÷ revenue
9.8%
68thof 2,819
top third
70thof 281
top third
Net margin
net income ÷ revenue
9.7%
70thof 3,263
top third
81stof 300
top third
Free-cash-flow margin
(operating cash flow − |capex|) ÷ revenue
-4.8%
27thof 2,679
bottom third
23rdof 277
bottom third
Return on equity
net income ÷ stockholders' equity (positive equity only)
16.9%
82ndof 3,576
top third
75thof 281
top third
Interest coverage
operating income ÷ interest expense (interest expense > 0)
1.6×
51stof 819
middle third
39thof 61
middle third
Stock comp ÷ revenue
stock-based compensation ÷ revenue · lower is ranked higher
0.9%
71stof 2,895
top third
49thof 267
middle third
Days sales outstanding
receivables ÷ revenue × 365 · lower is ranked higher
82 days
18thof 2,398
bottom third
13thof 239
bottom third
Net debt ÷ operating cash flow
net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher
21.8×
4thof 1,546
bottom third
3rdof 149
bottom third
Cash conversion
operating cash flow ÷ net income (net income > 0)
0.3×
4thof 1,118
bottom third
5thof 120
bottom third
Cash-flow accrual ratio
(net income − operating cash flow) ÷ average total assets · lower is ranked higher
4.9%
4thof 1,333
bottom third
4thof 129
bottom third

Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.

Earnings quality

latest fiscal year ending 2025-12-31 · accruals and cash conversion as filed
Cash conversion
0.29×
operating cash flow ÷ net income, latest fiscal year
Cash-flow accrual ratio
4.9%
(net income − operating cash flow) ÷ average total assets
Balance-sheet accrual ratio
-
change in net operating assets ÷ average net operating assets
Cash-backed years
4 of 5
fiscal years where operating cash flow met or exceeded net income
Mean cash conversion
3.16×
across the stored fiscal years with positive net income

Per fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.

Point-in-time ledger

first-reported vs latest filing · periods since 2020-01-01 · 9 changed periods
Line itemPeriodFirst reportedLatest filingChangeFilings
Diluted shares
WeightedAverageNumberOfDilutedSharesOutstanding
fiscal year 2020-12-31119,991 shares
10-K 2021-02-16
119,991,000 shares
10-K 2023-02-27
+99900.0%first · latest · 3 filings carry it
Basic shares
WeightedAverageNumberOfSharesOutstandingBasic
fiscal year 2020-12-31119,719 shares
10-K 2021-02-16
119,719,000 shares
10-K 2023-02-27
+99900.0%first · latest · 3 filings carry it
Long-term debt
LongTermDebtNoncurrent
balance at 2020-12-31$2.56B
10-K 2021-02-16
$1.93B
10-K 2023-02-27
-24.5%first · latest · 6 filings carry it
Operating income
OperatingIncomeLoss
fiscal year 2020-12-31$223M
10-K 2021-02-16
$229M
10-K 2023-02-27
+3.1%first · latest · 3 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
quarter 2024-03-31$85.8M
10-Q 2024-05-08
$83.3M
10-Q 2025-05-07
-2.9%first · latest
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
fiscal year 2022-12-31$296M
10-K 2023-02-27
$288M
10-K 2025-02-28
-2.9%first · latest · 3 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
fiscal year 2023-12-31$285M
10-K 2024-02-29
$278M
10-K 2026-02-25
-2.5%first · latest · 3 filings carry it
Operating income
OperatingIncomeLoss
quarter 2020-06-30$63.5M
10-Q 2020-08-06
$64.8M
10-Q 2021-08-05
+2.0%first · latest · 3 filings carry it
Operating income
OperatingIncomeLoss
quarter 2020-03-31$56.6M
10-Q 2020-05-06
$56.2M
10-Q 2021-05-10
-0.8%first · latest · 3 filings carry it

First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.

Notes by disclosure type

Not available for GEO yet: no footnote text blocks on file for this filer in the ingested DERA files.

Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.

Educational content only. Not financial advice. TrendNalysis provides educational and informational financial analysis built from public SEC filings and economic data (FRED, BLS). It is not financial, investment, tax, or legal advice and is not a recommendation to buy or sell any security. Market pricing is not currently included. Past performance does not guarantee future results. Always do your own research and consult a licensed financial professional before investing.