GEO GEO GROUP INC

Overview and Growth

GEO GROUP INC generated $2.63B of revenue in fiscal 2025, with net income of $254.37M and an operating cash inflow of $72.61M. Revenue of $2.63B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 8.6% above fiscal 2024 revenue of $2.42B, marking a year-over-year increase. On a per-share basis, diluted EPS was $1.82, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS increased by 727.3% from $0.22 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Revenue equaled 0.68x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The reported operating result was $257.49M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 9.8% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $254.37M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 9.7% of revenue, connecting the absolute net income figure with the company’s top-line scale. The reported income-tax provision was $85.72M, the amount recognized between pretax income and the final net-income result. Return on period-end equity was 16.9%, relating annual net income to the equity capital on the balance sheet. Net income represented 6.6% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

At period end, the $3.84B asset base was financed through $2.34B of liabilities and $1.50B of equity. Current assets were $718.53M against $356.89M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 2.01x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $69.00M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 19.3% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $1.65B of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 1.1x, showing how much debt the company carried for each unit of book equity. Debt represented 42.9% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 60.9%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 1.8% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 5.8% from $3.63B in fiscal 2024, leaving current total assets higher year over year. Book equity was 12.8% higher than fiscal 2024 equity of $1.33B, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

The company reported $72.61M of operating cash flow, a cash inflow that shows the cash generated by operations. Operating cash flow equaled 0.29x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $197.51M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 272.0% of operating cash flow, quantifying the share of cash from operations directed to investment. The company recorded a $124.90M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 4.7% of revenue, showing the post-investment cash shortfall relative to sales. The cash deficit after capital spending represented 3.2% of the period-end asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.