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Geo Group Inc (GEO)

Industrials Security & Protection Servic
30.60 $
Closing price · As of: 20. Jul 2026
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Read the Full Deep Dive
GEO Group Stock: 47 Percent of Revenue Comes From a Single Agency — and It Is ICE

The GEO Group runs private prisons and immigration-detention centers for the U.S. government — and lights up our in-house Joshua growth scanner (rank 9 of 75, as of July 17, 2026) after a 80 percent share-price gain in six months. We read the annual report (10-K) for 2025 and the quarterly report (10-Q) as of March 31, 2026: net income that jumped from $32 million to $254 million, fueled by the immigration agency ICE, which alone supplies 47.6 percent of revenue — and a $42 billion pile of debt for which the company gave up its REIT status and dividend in 2021. Not investment advice — just the question of what a business is worth when half its revenue hangs on one agency and the policy of one administration.

Appears in These Scanners

This stock currently matches 22 of our scanner strategies — each hit links to the scanner.

Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners

Basics

Market Cap
3.9Mrd. $
Shares Outstanding
134Mio.
Float
86.4%
Beta
0.8

Performance

Perf. 1M
27.50%
Perf. 3M
76.30%
Perf. 6M
78.20%
YTD Performance (%)
85.90%
52-Week-High Distance
-3.5%

Valuation

P/E
15.4
Forward P/E
26.2
PEG
1.9
P/B
2.6
P/S
1.4
EV/EBITDA
8.5
Price/FCF

Profitability

Gross Margin
25.5%
EBIT Margin
12.7%
Net Margin
10.0%
Return on Equity
19.3%
Return on Assets
5.5%

Balance Sheet & Safety

Equity Ratio
39.3%
Debt/Equity
1.1
Altman Z
5.59
very solid
Piotroski
9 von 9

Growth

Sales Growth Last Quarter
16.60%
EPS Growth Last Quarter
106.50%
Sales Growth (Year)
8.58%
Forward Sales Growth
8.64%
Forward EPS Growth
36.30%

Quality & Screener

Stage
2
RS Rating
88
EPS Rating
86
very solid
Piotroski
9 von 9
Fundamental Rating
B (+40 von 100)
Altman Z
5.59

AI Rating

Neutral

Geprüft am 17.07.2026 gegen den Geschäftsbericht (10-K) für das Geschäftsjahr 2025 (eingereicht 25.02.2026), den 10-K für 2024 (28.02.2025) und den Quartalsbericht (10-Q) zum 31.03.2026. The GEO Group betreibt private Haft- und Einwanderungshafteinrichtungen sowie elektronische Überwachung im Auftrag von US-Regierungsbehörden. In den ausgewerteten Filings findet sich kein wesentlicher KI-Bezug im Sinne des Kriterienkatalogs: KI ist weder Umsatzquelle („verkauft“) noch ein konkret beschriebener operativer Kernprozess mit Effizienz- oder Produktwirkung („nutzt“). „Artificial intelligence“ erscheint im 10-K 2025 ausschließlich als konditionale Compliance- und Rechtsrisiko-Erwägung rund um den etwaigen eigenen Einsatz von KI-/ML-Werkzeugen (Datenschutz, Biometrie, Einstellungspraxis, Cybersicherheit) — „Our current or future use of artificial intelligence or machine learning tools […] could expose us to new or additional costs and risks“. Das ist Boilerplate-Risikosprache mit „could“/„current or future use“ und kein konkreter Bezug zum eigenen Geschäftsmodell (private Haft/Überwachung) und damit nach der Vorrang-Regel kein „bedroht“-Beleg. Es bleibt bei „neutral“ — dokumentierter Negativ-Befund.

View the full file — quotes, sources, reviewed filings
„Our current or future use of artificial intelligence or machine learning tools in our business operations could expose us to new or additional costs and risks, including the potential introduction of new vulnerabilities or cybersecurity risks within our information technology systems."

Unser gegenwärtiger oder künftiger Einsatz von Werkzeugen der Künstlichen Intelligenz oder des maschinellen Lernens in unserem Geschäftsbetrieb könnte uns neuen oder zusätzlichen Kosten und Risiken aussetzen, einschließlich der möglichen Entstehung neuer Schwachstellen oder Cybersicherheitsrisiken in unseren IT-Systemen.

10-K · 2026-02-25 · View SEC filing
„We are also subject to increasing legal requirements with respect to the use of artificial intelligence and machine learning applications and tools (including in relation to hiring and employment practices) and biometric information."

Wir unterliegen zudem zunehmenden rechtlichen Anforderungen in Bezug auf den Einsatz von Anwendungen und Werkzeugen der Künstlichen Intelligenz und des maschinellen Lernens (unter anderem im Zusammenhang mit Einstellungs- und Beschäftigungspraktiken) sowie auf biometrische Daten.

10-K · 2026-02-25 · View SEC filing

Filings Reviewed: 10-K 2026-02-25 · 10-K 2025-02-28 · 10-Q 2026-05-07

Rated on July 17, 2026 · How the Rating Is Built

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Sales Per Quarter ($M)
2024: Q4 · 607.7 Mio. $ Q4 2025: Q1 · 604.6 Mio. $ Q1 2025: Q2 · 636.2 Mio. $ Q2 2025: Q3 · 682.3 Mio. $ Q3 2025: Q4 · 707.7 Mio. $ Q4 2026: Q1 · 705.2 Mio. $ Q1
Earnings Per Share Per Quarter ($)
2024: Q4 · 0.11 $ Q4 2025: Q1 · 0.14 $ Q1 2025: Q2 · 0.21 $ Q2 2025: Q3 · 1.24 $ Q3 2025: Q4 · 0.23 $ Q4 2026: Q1 · 0.29 $ Q1
Net Margin Per Quarter (%)
2024: Q4 · 2.5 % Q4 2025: Q1 · 3.2 % Q1 2025: Q2 · 4.6 % Q2 2025: Q3 · 25.5 % Q3 2025: Q4 · 4.5 % Q4 2026: Q1 · 5.4 % Q1
Operating Cash Flow Per Quarter ($M)
2024: Q4 · 18.5 Mio. $ Q4 2025: Q1 · 71.2 Mio. $ Q1 2025: Q2 · 39.2 Mio. $ Q2 2025: Q3 · 79.6 Mio. $ Q3 2025: Q4 · -117.3 Mio. $ Q4 2026: Q1 · 156.5 Mio. $ Q1
Free Cash Flow Per Quarter ($M)
2024: Q4 · -2.3 Mio. $ Q4 2025: Q1 · 40.5 Mio. $ Q1 2025: Q2 · 2.4 Mio. $ Q2 2025: Q3 · -14.1 Mio. $ Q3 2025: Q4 · -153.6 Mio. $ Q4 2026: Q1 · 134.8 Mio. $ Q1
Sales Growth vs. Year-Ago Quarter (%)
2024: Q4 · -0.1 % Q4 2025: Q1 · -0.2 % Q1 2025: Q2 · 4.8 % Q2 2025: Q3 · 13.1 % Q3 2025: Q4 · 16.5 % Q4 2026: Q1 · 16.6 % Q1
EPS Growth vs. Year-Ago Quarter (%)
2024: Q4 · -44.9 % Q4 2025: Q1 · -19.8 % Q1 2025: Q3 · 552.1 % Q3 2025: Q4 · 108.3 % Q4 2026: Q1 · 106.0 % Q1
Price Change in Quarter (%)
2024: Q4 · 117.7 % Q4 2025: Q1 · 4.4 % Q1 2025: Q2 · -18.0 % Q2 2025: Q3 · -14.4 % Q3 2025: Q4 · -21.3 % Q4 2026: Q1 · 4.3 % Q1

Quarterly Figures

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 0.11 -44.90 608 -0.10 2.50 19 -2
2025: Q1 0.14 -19.80 605 -0.20 3.20 71 41
2025: Q2 0.21 636 4.80 4.60 39 2
2025: Q3 1.24 552.10 682 13.10 25.50 80 -14
2025: Q4 0.23 108.30 708 16.50 4.50 -117 -154
2026: Q1 0.29 106.00 705 16.60 5.40 157 135
What Do These Terms Mean?
EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

Assessment: Opportunities & Risks

Growth & earnings

Revenue up 8.6 percent to $2.63 billion in 2025, net income jumped from $32.0 to $254.4 million (diluted EPS $1.82 after $0.22), latest quarterly revenue up 16.6 percent year over year — the strongest momentum in years, carried by expanded ICE detention demand (10-K 2025; 10-Q as of 03/31/2026).

Customer concentration & politics

ICE alone supplied 47.6 percent of 2025 revenue (2024: 41.5%), three federal agencies 66.6 percent combined — and rising. The 2021 Biden order (no renewal of DOJ detention contracts) shows a change of administration can flip the business foundation; roughly 10 percent of revenue hangs on contracts expiring by the end of 2026 (10-K 2025, Item 1A).

Balance sheet & debt

$1.67 billion of debt against $69 million in cash (12/31/2025), but the reduction is working: interest expense fell from $218 million (2023) via $191 million to $161 million (2025), alongside buybacks. The price for it was giving up the REIT status and the dividend in 2021; there is no distribution for the foreseeable future.

Capital markets & ESG

Several banks no longer finance GEO and have even discontinued equity research coverage (10-K 2025, Item 1A) — costlier capital, a narrower investor base, only a handful of analysts. Operating detention and immigration-detention facilities remains a permanent target of lawsuits and campaigns.

Valuation & technicals

P/E around 15, P/S 1.4, P/B 2.6, return on equity 19.3 percent (data as of July 17, 2026) meet a Joshua growth hit (rank 9 of 75), a best-of-all score of 18 and plus 80 percent share price in six months. The moderate valuation is not a safety net but the priced-in expression of the political risk.

Bottom Line

The GEO Group is delivering the strongest numbers in years — revenue up 8.6 percent to $2.63 billion, net income from $32 to $254 million, falling interest expense, ongoing buybacks. Yet nearly half of revenue (ICE: 47.6 percent) and two thirds in total hang on three federal agencies, the earnings jump rests on the OBBBA windfall and the immigration severity of a single administration, and the capital market shuns the model via ESG exclusion. Whoever invests here buys a leveraged, moderately valued bet on a political will — with a counterexample only one term in the past. Not investment advice.

Worth Noting:
  • GEO reached our research list via the Joshua growth scanner (rank 9 of 75, best-of-all score 18, data as of July 17, 2026); the trend confluence (stage 2, power trend, quality growth, "pros 80%", institutional accumulation) is real, but it measures the move and the balance sheet — not the political risk.
  • The 2025 earnings jump is partly a base effect: 2024 was depressed by an $86.6 million loss on extinguishment of debt (2025: $8.4 million). Adjusted, the direction is still clearly upward, carried by ICE detention demand.
  • Price and valuation figures are dated to July 17, 2026 (price around $28, market value roughly $3.8 billion); analyses are evergreen, daily prices are not a buy argument. All revenue, income and balance-sheet figures come from the SEC filings or the XBRL financial data (data.sec.gov).

About the Company

The GEO Group, Inc. ist ein führender diversifizierter Anbieter staatlicher Dienstleistungen, spezialisiert auf Planung, Finanzierung, Entwicklung und Unterstützungsdienste für gesicherte Einrichtungen, Bearbeitungszentren und Wiedereingliederungszentren in den USA, Australien, Südafrika und dem Vereinigten Königreich.

Employees20,000
HeadquartersBoca Raton, FL
Websitegeogroup.com
IPO Date26. Jul 1994
Next Earnings5. Aug 2026

Management

Management
Name Title Birth Year
George C. Zoley Ph.D. Founder, Chairman & CEO 1950
Joe Negron J.D. Consultant 1962
Paul Laird Senior Vice President of Secure Services 1966
Shayn P. March Senior VP & CFO 1966
Ronald A. Brack Executive VP, Chief Accounting Officer & Controller 1962
Jose Rosario Executive VP, Chief Information Officer & Chief Information Security Officer
Scott A. Schipma Senior VP, General Counsel & Corporate Secretary 1968
Nicole Mannarino Chief Compliance Officer & Controller of Financial Reporting 1970
Christopher D. Ryan Senior Vice President of Human Resources 1963
Wayne H. Calabrese Consultant 1951

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Chart

Interactive price chart (TradingView).

Data as of: July 20, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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