GEO Group (GEO) FY2024 results: revenue $2.4 billion, up 0.4% on the year
GEO Group Inc. (GEO) reported revenue of $2.4 billion for fiscal 2024, the year ended 31 December 2024, up 0.4% on the year before. Net income was $32 million, down 70.2%, and diluted earnings per share $0.22. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$2.4 billion
+0.4% on the year
FY2017FY2024
Operating margin
12.8%
14.6% a year earlier
FY2017FY2024
Net income
$32 million
-70.2% on the year
FY2017FY2024
Diluted EPS
$0.22
-69.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
242
278
288
-12.8%
Capital expenditure
78.7
73.0
90.0
+7.8%
Free cash flow
164
205
198
-20.1%
Free cash flow margin
6.7%
8.5%
8.3%
Cash from investing
-102
-53.4
11.4
Cash from financing
-169
-208
-699
Depreciation and amortisation
126
126
133
+0.3%
Share-based compensation
18.1
15.1
16.2
+20.2%
Dividend per share
n/a
$0.00
$0.00
Diluted shares, weighted
134m
124m
122m
+8.4%
Shares outstanding at period end
140m
126m
124m
+11.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,335
1,292
1,166
+3.3%
Non-controlling interest
-1.5
-1.5
-1.3
Debt
1,745
1,838
2,046
-5.0%
Operating lease liabilities
73.6
82.1
73.8
-10.3%
Finance lease liabilities
0.2
0.5
1.3
-60.1%
Other liabilities
480
486
474
-1.3%
Total liabilities and equity
3,632
3,696
3,760
-1.7%
Fixed assets
1,900
1,944
2,002
-2.3%
Goodwill
756
755
755
+0.1%
Intangible assets
127
136
148
-6.9%
Cash and equivalents
76.9
94.0
95.1
-18.2%
Receivables
376
390
416
-3.6%
Inventory
35.9
25.1
20.7
+43.0%
Other assets
361
352
323
+2.6%
Total assets
3,632
3,696
3,760
-1.7%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.