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GEO Group Inc (GEO) stock

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NYSE: GEO NYSE Diversified Support Services Next results ~November 5, 2026

B Fundamentals grade

GEO Group Inc is a US-listed company in the diversified support services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 84% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 84% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

GEO Group Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 5 sales by directors and officers, last 12 monthsInsider trades
  • Funds147 adding, 128 cuttingOf 43 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter GEO Group files

Where GEO stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.83bn, up 15.3% on a year earlier, faster than the 12.7% growth a quarter earlier. That growth ranks 2 of 13 among the diversified support services companies we cover. Free-cash-flow margin fell to 0.9% from 5.3% a year earlier. The diluted share count is down 2.3% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 6 financial-health checks.

Our model value for GEO Group is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

GEO Group Inc's trailing-twelve-month revenue grew 15.3% year on year, with a free-cash-flow margin of 0.9%. Where it stands out: net margin of 10.3% ranks 5 of 32 diversified support services companies we cover. Where it lags: days sales outstanding of 69 days ranks 21 of 26 diversified support services companies we cover.

Our discounted-cash-flow model values the business at ~$41 per share in the base case (~$28–$58 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 79.8% while net income grew 222.2%: a 302pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 15.3% over the last 12 months, against a median of 6.5% for diversified support services companies we cover.
  • Shrinking share count. Diluted shares fell 2.3% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 49% and a beta of 0.8 against the S&P 500.
  • Weak cash conversion. Free cash flow was 9% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 69 days ranks 21 of 26 diversified support services companies we cover (median 60 days).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 40.4% ranks 14 of 18 diversified support services companies we cover (median 33.7%).
  • Heavily shorted. 10.8% of the shares available to trade are sold short (3.6 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.37 against an average estimate of $0.29: beat by 28.7%
Revenue
$732m, up 15.1% on a year earlier
Share reaction
-2.3% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
revenues $2.95bn to $3.05bn (full year 2026); net Income Attributable to GEO Operations $168m to $175m (full year 2026)
Next report
November 5, 2026; average EPS estimate $0.34

GEO Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.0%
  • 1 week-0.3%
  • 1 month-10.1%
  • This year+73.0%
  • 1 year+67.6%
  • 5 years+217.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.8B
Operating margin
11.2%
Net margin
10.3%
EPS (TTM, diluted)
$2.15

Growth

Revenue growth
+15.3%
Change in growth rate
+2.6 pts
Share count change
−2.3%

Cash

Free cash flow (TTM)
$26.4M
FCF margin
0.9%
Stock pay % of revenue
0.9%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Deal
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

GEO Group Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 84% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value GEO Group Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.97 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$22 ~$21–$40 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$11 ~$8.0–$16 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$11 ~$9.4–$13 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare GEO Group Inc with Diversified Support Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$11.70$15.92$16.73$15.17$14.14$8.60$7.75$10.95$10.83$27.98$16.12$27.89
Market value$1.3bn$1.8bn$2.0bn$1.8bn$1.7bn$1.0bn$936m$1.3bn$1.3bn$3.8bn$2.3bn$3.8bn
+ Net debt (− = net cash)$2.1bn$2.4bn$2.5bn$2.7bn$2.7bn$2.7bn$2.5bn$2.0bn$1.7bn$1.7bn$1.6bn$1.5bn
Enterprise value$3.4bn$4.2bn$4.6bn$4.6bn$4.4bn$3.7bn$3.4bn$3.3bn$3.1bn$5.4bn$3.9bn$5.3bn
Multiples
Price / sales 0.7x0.8x0.9x0.8x0.7x0.4x0.4x0.6x0.6x1.5x0.9x1.3x
Price / earnings 9.3x11.9x13.8x12.6x10.1x9.1x12.1x7.8x12.5x117.3x8.9x13.0x
Price / free cash flow 52.9x—8.7x23.2x7.6x3.1x4.4x6.8x6.5x22.9x—143.4x
EV / EBITDA 9.9x11.0x12.2x11.7x10.2x10.1x8.0x6.4x6.4x12.4x9.9x11.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

48 /100

Moderate moat

How hard GEO Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Net income has been a median 3.5% of total assets over 10 years.

  • Durability 13 / 20

    Operating margin has been a median 11.8%; its worst year was 10.5%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 9 of 9 years, at a median 8.3% of revenue.

  • Discipline 12 / 20

    The diluted share count rose 13.0% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (53 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $773m and EPS of $0.34 (range $0.32 to $0.36) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.31 +52% $3.0bn +14%
Next $1.72 +31% $3.3bn +9%

Next year's EPS estimate has moved +3.3% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +7.2% on 90 days ago. In the last 30 days, 4 analysts raised GEO Group Inc's forecast and 0 cut it.

Consensus EPS forecast GEO Group Inc, last 90 days
$1.20 $1.40 $1.60 $1.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.22 Current fiscal year, 60 days ago: $1.31 Current fiscal year, 30 days ago: $1.31 Current fiscal year, 7 days ago: $1.31 Current fiscal year, Now: $1.31 $1.31 Next fiscal year, 90 days ago: $1.66 Next fiscal year, 60 days ago: $1.71 Next fiscal year, 30 days ago: $1.71 Next fiscal year, 7 days ago: $1.72 Next fiscal year, Now: $1.72 $1.72

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.22$1.66
60 days ago $1.31$1.71
30 days ago $1.31$1.71
7 days ago $1.31$1.72
Now $1.31$1.72

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.29 $0.37 +28.7%
Mar 2026 $0.20 $0.29 +48.7%
Dec 2025 $0.25 $0.25 0.0%
Sept 2025 $0.23 $0.25 +8.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Revenues full year 2026 $2.95bn to $3.05bn
    “Guidance for FY26 Revenues of $2.95-$3.05 Billion” source
  • quarterly revenues third quarter 2026 $755m to $805m New
    “For the third quarter 2026, we expect Net Income Attributable to GEO Operations to be in a range of $45 million to $48 million, or $0.35 to $0.37 per diluted share, on quarterly revenues of $755 million to $805 million.” source
  • quarterly revenues fourth quarter 2026 $758m to $808m New
    “For the fourth quarter 2026, we expect Net Income Attributable to GEO Operations to be in a range of $37 million to $41 million, or $0.28 to $0.31 per diluted share, on quarterly revenues of $758 million to $808 million.” source
  • Per Diluted Share full year 2026 $1.27 to $1.32 GAAP Raised
    “Guidance for FY26 Net Income Attributable to GEO Operations Increased to $168-$175 Million, or $1.27-$1.32 Per Diluted Share” source
  • per diluted share third quarter 2026 $0.35 to $0.37 GAAP New
    “For the third quarter 2026, we expect Net Income Attributable to GEO Operations to be in a range of $45 million to $48 million, or $0.35 to $0.37 per diluted share, on quarterly revenues of $755 million to $805 million.” source
  • per diluted share fourth quarter 2026 $0.28 to $0.31 GAAP New
    “For the fourth quarter 2026, we expect Net Income Attributable to GEO Operations to be in a range of $37 million to $41 million, or $0.28 to $0.31 per diluted share, on quarterly revenues of $758 million to $808 million.” source
Show 8 more items
  • Net Income Attributable to GEO Operations full year 2026 $168m to $175m GAAP Raised
    “Guidance for FY26 Net Income Attributable to GEO Operations Increased to $168-$175 Million, or $1.27-$1.32 Per Diluted Share” source
  • Adjusted EBITDA full year 2026 $550m to $560m Non-GAAP Raised
    “Guidance for FY26 Adjusted EBITDA Increased to $550-$560 Million” source
  • unreimbursed Capital Expenditures full year 2026 $135m to $145m
    “We expect total unreimbursed Capital Expenditures for the full year 2026 to be between $135 million and $145 million.” source
  • effective tax rate full year 2026 about 30%
    “We increased our full year 2026 Net Income Attributable to GEO Operations guidance to a range of $168 million to $175 million, or $1.27 to $1.32 per diluted share on annual revenues of $2.95 billion to $3.05 billion and based on an effective tax rate of approximately 30 percent, inclusive of known discrete items.” source
  • Net Income Attributable to GEO Operations third quarter 2026 $45m to $48m GAAP New
    “For the third quarter 2026, we expect Net Income Attributable to GEO Operations to be in a range of $45 million to $48 million, or $0.35 to $0.37 per diluted share, on quarterly revenues of $755 million to $805 million.” source
  • Adjusted EBITDA third quarter 2026 $140m to $145m Non-GAAP New
    “We expect third quarter 2026 Adjusted EBITDA to be between $140 million and $145 million.” source
  • Net Income Attributable to GEO Operations fourth quarter 2026 $37m to $41m GAAP New
    “For the fourth quarter 2026, we expect Net Income Attributable to GEO Operations to be in a range of $37 million to $41 million, or $0.28 to $0.31 per diluted share, on quarterly revenues of $758 million to $808 million.” source
  • Adjusted EBITDA fourth quarter 2026 $137m to $142m Non-GAAP New
    “We expect fourth quarter 2026 Adjusted EBITDA to be between $137 million and $142 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

3 analysts, Nov 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Nov 202633
  2. Oct 202633
  3. Sep 202633

Counts of recommendations published by analysts covering GEO Group Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.8%
of tradable shares
Days to cover
3.64
at average volume
Short interest, 1 month
+3%
to October 15, 2026
Held by institutions
96%
of shares
Held by insiders
5.2%
of shares
Employees
18,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +64.3%

$16.97 on October 31, 2025 to $27.89

ThenNowEffect
Revenue (last 12 months) $2.5bn $2.8bn +15.3%
Net margin 3.7% 10.3% +179.4%
P/E multiple 26.1x 13.0x −50.1%
Share count 139m 136m +2.3%

Biggest factor: net margin.

Last 3 years +208.5%

$9.04 on November 3, 2023 to $27.89

ThenNowEffect
Revenue (last 12 months) $2.4bn $2.8bn +15.9%
Net margin 5.6% 10.3% +83.0%
P/E multiple 8.1x 13.0x +60.0%
Share count 124m 136m −9.1%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GEO−10%+41%−1%+158%−42%+73%
Industry peers (median)+4%−13%+11%+1%−7%−17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GEO50%42%50%58%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GEO−43%−35%−43%−33%−59%−29%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 78% from April 26, 2017 to May 26, 2021. Getting back needed a 351% gain, reached on November 7, 2024, 1261 days after the low.

Price behaviour

52-week range
$13.26 – $32.77
From 52-week high
−14.9%
vs 50-day average
−8.4%
vs 200-day average
+14.7%
Volatility (1 year)
49%
Beta vs S&P 500
0.80

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±7.2%
After a week
6 up, 6 down
typical move ±9.7%
After a month
7 up, 5 down
typical move ±11.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −2.3% +0.5% −3.3% +1.1%
May 6, 2026 +15.6% +1.1% +23.4% +37.9%
February 12, 2026 −10.2% −1.5% −16.2% −2.9%
November 6, 2025 −10.0% −1.0% −13.3% −0.2%
August 6, 2025 −16.8% +0.7% −20.1% −20.2%
May 7, 2025 −13.4% +1.1% −13.1% −11.3%
February 27, 2025 +6.1% −0.1% −1.0% +13.7%
November 13, 2024 +4.2% −0.6% +11.0% +9.4%
August 12, 2024 +0.7% +1.7% +8.2% +2.7%
May 13, 2024 −2.7% +0.5% +0.7% −5.0%
February 22, 2024 −1.3% +2.1% +2.9% +22.7%
November 13, 2023 +2.7% +1.8% +3.1% +8.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

GEO Group Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) GEO Group Inc
$2.4B $2.6B $2.8B $3B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.4B Revenue (TTM), FY23 Q4: $2.4B Revenue (TTM), FY24 Q1: $2.4B Revenue (TTM), FY24 Q2: $2.4B Revenue (TTM), FY24 Q3: $2.4B Revenue (TTM), FY24 Q4: $2.4B Revenue (TTM), FY25 Q1: $2.4B Revenue (TTM), FY25 Q2: $2.5B Revenue (TTM), FY25 Q3: $2.5B Revenue (TTM), FY25 Q4: $2.6B Revenue (TTM), FY26 Q1: $2.7B Revenue (TTM), FY26 Q2: $2.8B $2.8B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.4B
FY23 Q4 $2.4B
FY24 Q1 $2.4B
FY24 Q2 $2.4B
FY24 Q3 $2.4B
FY24 Q4 $2.4B
FY25 Q1 $2.4B
FY25 Q2 $2.5B
FY25 Q3 $2.5B
FY25 Q4 $2.6B
FY26 Q1 $2.7B
FY26 Q2 $2.8B
Revenue growth, TTM YoY GEO Group Inc
-5% 0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 4.8% Revenue growth, TTM YoY, FY23 Q4: 1.5% Revenue growth, TTM YoY, FY24 Q1: -0.9% Revenue growth, TTM YoY, FY24 Q2: -0.6% Revenue growth, TTM YoY, FY24 Q3: -0.1% Revenue growth, TTM YoY, FY24 Q4: 0.4% Revenue growth, TTM YoY, FY25 Q1: 0.5% Revenue growth, TTM YoY, FY25 Q2: 1.1% Revenue growth, TTM YoY, FY25 Q3: 4.4% Revenue growth, TTM YoY, FY25 Q4: 8.5% Revenue growth, TTM YoY, FY26 Q1: 12.7% Revenue growth, TTM YoY, FY26 Q2: 15.3% 15.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 4.8%
FY23 Q4 1.5%
FY24 Q1 -0.9%
FY24 Q2 -0.6%
FY24 Q3 -0.1%
FY24 Q4 0.4%
FY25 Q1 0.5%
FY25 Q2 1.1%
FY25 Q3 4.4%
FY25 Q4 8.5%
FY26 Q1 12.7%
FY26 Q2 15.3%
Operating margin (TTM) GEO Group Inc
8% 10% 12% 14% 16% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 15.6% Operating margin (TTM), FY23 Q4: 14.6% Operating margin (TTM), FY24 Q1: 14.1% Operating margin (TTM), FY24 Q2: 13.5% Operating margin (TTM), FY24 Q3: 13.4% Operating margin (TTM), FY24 Q4: 12.8% Operating margin (TTM), FY25 Q1: 12.0% Operating margin (TTM), FY25 Q2: 11.6% Operating margin (TTM), FY25 Q3: 9.5% Operating margin (TTM), FY25 Q4: 9.8% Operating margin (TTM), FY26 Q1: 10.5% Operating margin (TTM), FY26 Q2: 11.2% 11.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 15.6%
FY23 Q4 14.6%
FY24 Q1 14.1%
FY24 Q2 13.5%
FY24 Q3 13.4%
FY24 Q4 12.8%
FY25 Q1 12.0%
FY25 Q2 11.6%
FY25 Q3 9.5%
FY25 Q4 9.8%
FY26 Q1 10.5%
FY26 Q2 11.2%
FCF margin (TTM) GEO Group Inc
-5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 9.0% FCF margin (TTM), FY23 Q4: 8.5% FCF margin (TTM), FY24 Q1: 8.0% FCF margin (TTM), FY24 Q2: 8.3% FCF margin (TTM), FY24 Q3: 8.0% FCF margin (TTM), FY24 Q4: 6.7% FCF margin (TTM), FY25 Q1: 5.6% FCF margin (TTM), FY25 Q2: 5.3% FCF margin (TTM), FY25 Q3: 1.0% FCF margin (TTM), FY25 Q4: -4.7% FCF margin (TTM), FY26 Q1: -1.1% FCF margin (TTM), FY26 Q2: 0.9% 0.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 9.0%
FY23 Q4 8.5%
FY24 Q1 8.0%
FY24 Q2 8.3%
FY24 Q3 8.0%
FY24 Q4 6.7%
FY25 Q1 5.6%
FY25 Q2 5.3%
FY25 Q3 1.0%
FY25 Q4 -4.7%
FY26 Q1 -1.1%
FY26 Q2 0.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar GEO Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.6B
  2. Other income $82.6M · 3.1%
  3. Selling, general and admin $236M · 9.0%
  4. Other operating costs $2.1B · 81.2%
  5. Operating income $257M · 9.8%
  6. Income tax $85.7M · 3.3%
  7. Net income $254M · 9.7%

Shares of revenue. Source: GEO Group's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Jan 2012 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,407 1,479 1,522 1,692 1,843 2,179 2,263 2,331 2,478 2,350 2,257 2,377 2,413 2,424 2,632 2,827
EBITDA 261 276 280 331 342 381 373 391 434 364 423 517 478 436 390 451
Operating income 180 184 185 235 236 266 248 265 303 229 288 384 352 310 257 316
Net income 79 135 115 144 139 149 146 145 167 113 77 172 107 32 254 292
Diluted EPS $0.82 $1.47 $1.07 $1.32 $1.25 $1.33 $1.21 $1.20 $1.40 $0.94 $0.58 $1.17 $0.72 $0.22 $1.82 $2.15
Growth (year on year)
Revenue — +5.1% +2.9% +11.1% +9.0% +18.2% +3.9% +3.0% +6.3% −5.2% −4.0% +5.3% +1.5% +0.4% +8.6% +15.3%
EBITDA — +5.7% +1.5% +18.1% +3.5% +11.1% −2.1% +5.0% +11.0% −16.1% +16.3% +22.1% −7.5% −8.8% −10.7% +9.5%
Operating income — +2.6% +0.6% +26.6% +0.4% +12.7% −6.5% +6.6% +14.5% −24.3% +25.6% +33.3% −8.2% −12.0% −16.9% +11.4%
Net income — +71.4% −14.6% +25.0% −3.1% +6.7% −1.7% −0.8% +14.8% −32.2% −31.5% +121.9% −37.5% −70.2% — +222.2%
Diluted EPS — +78.9% −26.8% +23.0% −5.3% +6.4% −9.0% −0.8% +16.7% −32.9% −38.3% +101.7% −38.5% −69.4% — +229.7%
Margins
EBITDA margin 18.6% 18.7% 18.4% 19.6% 18.6% 17.5% 16.5% 16.8% 17.5% 15.5% 18.8% 21.7% 19.8% 18.0% 14.8% 15.9%
Operating margin 12.8% 12.5% 12.2% 13.9% 12.8% 12.2% 11.0% 11.4% 12.2% 9.8% 12.8% 16.2% 14.6% 12.8% 9.8% 11.2%
Net margin 5.6% 9.1% 7.6% 8.5% 7.6% 6.8% 6.5% 6.2% 6.7% 4.8% 3.4% 7.2% 4.4% 1.3% 9.7% 10.3%
Free-cash-flow margin — — — — 1.3% −5.0% 10.3% 3.4% 8.9% 14.2% 9.4% 8.3% 8.5% 6.7% −4.7% 0.9%
Cash flow
Cash from operations 189 264 192 203 142 −28 381 274 338 442 283 288 278 242 73 199
Capital spending — — — — 118 82 148 196 117 109 69 90 73 79 198 172
Free cash flow — — — — 25 −110 233 79 221 333 213 198 205 164 −125 26
Stock-based pay 6 7 8 9 12 13 20 22 22 24 19 16 15 18 24 24
Free cash flow after stock pay — — — — 13 −122 213 57 199 309 194 182 190 145 −148 2
Balance sheet
Cash 43 32 52 41 60 68 81 31 32 284 506 95 94 77 69 55
Total debt 1,592 1,493 1,591 1,626 2,139 2,459 2,620 2,777 2,770 2,936 2,968 2,046 1,838 1,745 1,671 1,542
Net debt (negative = net cash) 1,549 1,461 1,538 1,585 2,080 2,391 2,539 2,746 2,738 2,652 2,461 1,951 1,744 1,668 1,602 1,487
Diluted shares 96m 92m 107m 109m 111m 111m 121m 121m 119m 120m 121m 122m 124m 134m 140m 136m
Returned to shareholders
Dividends 0 102 147 170 187 195 227 229 233 216 30 — — — — —
Buybacks 75 9 0 2 3 0 0 95 0 9 — — — — 91 178
Total returned 75 111 147 172 190 195 227 325 233 225 30 — — — 91 178

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · June 30, 2026
What it owns · $3.7bn
Short-term assets $635mLonger-term assets $3.1bn
What it owes, and who funded it · $1.9bn
Short-term liabilities $384mShareholders' equity $1.5bn
  • Short-term assets cover short-term liabilities $635m of assets due within a year against $384m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $55m of cash against $1.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 100% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 269% to 100% over five years.
  • A year's operating cash flow covers at least 20% of debt $199m of operating cash flow against $1.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $316m against $153m of interest.

From GEO Group Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$178M
Buybacks, last 3 fiscal years
$100M
Diluted share count
−2.3%
year over year
Total shareholder yield
4.8%
dividends 0.0% + buybacks 4.8% of market value
Days sales outstanding
69 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in diversified support services
Last 12 months unless stated GEO VSTS UNF CXW WSC OPLN Median
Revenue, last 12 months $2.8bn $2.7bn $2.5bn $2.5bn $2.3bn $2.1bn $906m
Revenue growth, last 12 months 15.3% −0.4% 3.7% 24.3% −2.5% 11.8% 6.3%
Revenue growth, 3-year average 5.0% — 4.2% 10.2% −0.3% 8.4% 6.4%
Revenue growth, latest quarter 15.1% −1.8% 5.0% 27.3% 3.9% 15.1% 7.2%
Gross margin — — 36.6% — 50.5% — 29.0%
Operating margin 11.2% 3.6% 5.4% 5.9% 6.5% 11.5% 4.9%
Operating margin, 3-year average 12.1% 4.3% 6.8% 11.1% 14.3% 10.1% 9.9%
Net margin 10.3% −0.2% 4.3% 5.1% −3.0% 9.7% 2.7%
Cash from operations / revenue 7.0% 7.1% 8.1% 8.1% 30.7% 19.8% 7.1%
Free-cash-flow margin 0.9% 5.1% 2.8% 2.4% 29.7% 17.1% 3.7%
Free-cash-flow margin, 3-year average 4.9% 7.4% 4.7% 6.5% 28.7% 14.5% 7.4%
Stock pay / revenue 0.9% 0.4% 0.5% 1.1% 1.6% 1.3% 1.4%
Change in share count −2.3% 0.6% −2.1% −7.1% −3.1% −0.1% 0.1%

Median of all 32 companies we cover in diversified support services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 diversified support services companies
Measure Company Peer median Rank
Revenue growth Growth 15.3% 6.5% 7 of 32
Change in growth rate Growth +2.6pp +0.8pp 10 of 32
Operating margin Profitability 11.2% 4.5% 9 of 29
Net margin Profitability 10.3% 3.3% 5 of 32
Free-cash-flow margin Cash generation 0.9% 4.1% 20 of 31
Stock pay as % of revenue Cash generation 0.9% 1.4% 8 of 26
Long-term debt as % of assets Balance sheet 40.4% 33.7% 14 of 18
Change in share count Balance sheet -2.3% -0.1% 10 of 28
Days sales outstanding Balance sheet 69 days 60 days 21 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
GEO Secure Services $2B 76.9% ▲ 11.6%
Us Corrections and Detention $1.8B 90.3% ▲ 13.9%
International Services $197M 9.7% ▼ 5.7%
Electronic Monitoring and Supervision Services $321M 12.2% ▼ 3.6%
Reentry Services $287M 10.9% ▲ 3.2%
Products and services
Line of business Revenue Share YoY
Owned and Leased Corrections and Detention $1.4B 52.8% ▲ 14.9%
Managed Only $643M 24.4% ▲ 5.0%
Electronic Monitoring Services and Other Reentry $436M 16.6% ▼ 0.9%
Owned and Leased Community Based $164M 6.2% ▲ 0.3%
Geography
Region Revenue Share YoY
United States $2.4B 92.5% ▲ 9.9%
Australia $177M 6.7% ▼ 7.3%
ZA $20.1M 0.8% ▲ 11.2%

From GEO Group Inc's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.7B
Institutions reporting
289
Shares held vs prior quarter
▼ 1.3%
Positions opened / closed
67 / 32

Top buyers and sellers, Q2 2026: 147 institutions bought and 128 sold ; the biggest buyer was HSBC Holdings PLC (+4.0M shares) and the biggest seller Cooper Creek Partners Management LLC (−2.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $571M 19.3M 15.3% ▼ 6.2%
Pentwater Capital Management LP $313M 10.6M 8.4% ▲ 10.6%
UBS Group AG $226M 7.6M 6.1% ▼ 18.6%
Vanguard Portfolio Management LLC $219M 7.4M 5.9% ▼ 0.3%
Vanguard Capital Management LLC $170M 5.8M 4.6% 0.0%
Goldman Sachs Group Inc $162M 5.5M 4.4% ▲ 31.9%
State Street Corp $146M 4.9M 3.9% ▲ 0.7%
Continental General Insurance Co $146M 4.9M 3.9% ▼ 13.7%
Rubric Capital Management LP $122M 4.1M 3.3% ▲ 10.4%
HSBC Holdings PLC $119M 4.0M 3.2% New
Geode Capital Management, LLC $98.5M 3.3M 2.6% ▲ 3.5%
Assenagon Asset Management S.A. $95.2M 3.2M 2.6% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not GEO Group Inc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.1M 5 trades by 4 insiders · 9% under pre-set plans
Net ▼ $1.1M net selling
Insider Date Trade Shares Price Value
Albence Matthew Senior VP, Client Relations September 11, 2026 Sell 11,797 $31.46 $371,134
Brack Ronald A. See Remarks August 21, 2026 Sell 7,000 $32.00 $224,000
Albence Matthew Senior VP, Client Relations August 20, 2026 Sell 10,000 $31.69 $316,900
Koren Lindsay L. Director August 13, 2026 Sell 3,500 $31.31 $109,585
Kernan Scott Michael Director March 4, 2026 Sell pre-set plan 6,633 $15.24 $101,087

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 6, 2026
  • February 12, 2026
  • November 6, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on GEO Group Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

GEO Group Inc in brief

What does GEO Group Inc do?
GEO Group Inc is a US-listed company in the diversified support services industry. Its financial year ends in December.
What is GEO Group Inc's stock ticker?
GEO Group Inc trades under the ticker GEO on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is GEO Group Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, GEO Group Inc reported revenue of $2.8B, 15.3% higher than a year earlier, according to its SEC filings.
What is GEO Group Inc's free cash flow?
GEO Group Inc's free-cash-flow margin is 0.9% of revenue over the trailing twelve months, ranking 20 of the 31 diversified support services companies we cover.
Who are GEO Group Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Pentwater Capital Management LP and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is GEO Group Inc buying back stock, and does it pay a dividend?
GEO Group Inc spent $178M on share repurchases over the trailing twelve months, and its diluted share count fell 2.3% over the year.
What is GEO Group Inc's market cap?
On November 2, 2026, GEO Group Inc's market capitalisation was about $3.8B, with a price-to-earnings ratio of 13.0 and net debt of $1.5B. Market figures come from third-party market data and may be delayed.
How much debt does GEO Group Inc have?
GEO Group Inc's debt-to-equity ratio is 99.7%, from its latest balance sheet (269.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are GEO Group Inc's competitors?
In our Diversified Support Services peer group, the companies closest to GEO Group Inc are Vestis Corp, Unifirst Corp, Corecivic, Inc., Willscot Holdings Corp and Openlane, Inc. The side-by-side comparison below sets their revenue, margins and growth against GEO Group Inc's.
Are insiders buying or selling GEO Group Inc stock?
Over the last 12 months, GEO Group Inc's directors and officers reported 0 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is GEO Group Inc's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — GEO Group Inc announces its own schedule.