Geo (GEO) financial statements
Geo reported revenue of $2.6B in fiscal 2025, up 2.1% a year over 9 years.
Net income was $254M and the operating margin 9.8%, against 12.2% in 2016.
Free cash flow was -$125M, and the company returned $91M in net buybacks.
The diluted share count rose 25% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Geo's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | $2.3B | $2.5B | $2.4B | $2.3B | $2.4B | $2.4B | $2.4B | $2.6B |
| Selling, general and admin | $149M | $190M | $185M | $186M | $193M | $204M | $197M | $191M | $213M | $236M |
| Operating income | $266M | $248M | $265M | $303M | $229M | $288M | $384M | $352M | $310M | $257M |
| Interest expense | $129M | $148M | $150M | $151M | $127M | $129M | $165M | $218M | $191M | $161M |
| Pre-tax income | $149M | $152M | $149M | $174M | $124M | $193M | $230M | $138M | $39M | $335M |
| Income tax | $8M | $18M | $14M | $17M | $20M | $123M | $63M | $35M | $9M | $86M |
| Net income | $149M | $146M | $145M | $167M | $113M | $77M | $172M | $107M | $32M | $254M |
| EPS (diluted) | $1.33 | $1.21 | $1.20 | $1.40 | $0.94 | $0.58 | $1.17 | $0.72 | $0.22 | $1.82 |
| Diluted shares | 111M | 121M | 121M | 119M | 120M | 121M | 122M | 124M | 134M | 140M |
| Operating margin | 12.2% | 11.0% | 11.4% | 12.2% | 9.8% | 12.8% | 16.2% | 14.6% | 12.8% | 9.8% |
| Net margin | 6.8% | 6.5% | 6.2% | 6.7% | 4.8% | 3.4% | 7.2% | 4.4% | 1.3% | 9.7% |
Balance sheet
Fiscal years, from Geo's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $68M | $81M | $31M | $32M | $284M | $506M | $95M | $94M | $77M | $69M |
| Receivables | $356M | $390M | $446M | $431M | $363M | $366M | $416M | $390M | $376M | $593M |
| Inventory | — | — | — | — | — | $9M | $21M | $25M | $36M | $41M |
| Total current assets | $698M | $580M | $602M | $542M | $711M | $944M | $555M | $529M | $500M | $719M |
| Property, plant and equipment | $1.9B | $2.1B | $2.2B | $2.1B | $2.1B | $2.0B | $2.0B | $1.9B | $1.9B | $1.9B |
| Goodwill | $615M | $779M | $776M | $776M | $755M | $755M | $755M | $755M | $756M | $756M |
| Total assets | $3.7B | $4.2B | $4.3B | $4.3B | $4.5B | $4.5B | $3.8B | $3.7B | $3.6B | $3.8B |
| Total current liabilities | $504M | $370M | $705M | $396M | $411M | $379M | $437M | $437M | $340M | $357M |
| Long-term debt | $1.9B | $2.2B | $2.4B | $2.4B | $1.9B | $2.6B | $1.9B | $1.7B | $1.7B | $1.6B |
| Total liabilities | $2.8B | $3.0B | $3.2B | $3.3B | $3.5B | $3.6B | $2.6B | $2.4B | $2.3B | $2.3B |
| Shareholders' equity | $975M | $1.2B | $1.0B | $997M | $913M | $976M | $1.2B | $1.3B | $1.3B | $1.5B |
| Net debt | $2.1B | $2.1B | $2.7B | $2.4B | $1.7B | $2.1B | $1.9B | $1.7B | $1.6B | $1.6B |
Cash flow
Fiscal years, from Geo's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$28M | $381M | $274M | $338M | $442M | $283M | $288M | $278M | $242M | $73M |
| Capital spending | $82M | $148M | $196M | $117M | $109M | $69M | $90M | $73M | $79M | $198M |
| Free cash flow | -$110M | $233M | $79M | $221M | $333M | $213M | $198M | $205M | $164M | -$125M |
| Stock-based compensation | $13M | $20M | $22M | $22M | $24M | $19M | $16M | $15M | $18M | $24M |
| Dividends paid | $195M | $227M | $229M | $233M | $216M | $30M | — | — | — | — |
| Share buybacks (net) | $0 | $0 | -$95M | $0 | -$9M | — | — | — | — | -$91M |
| Net borrowing | $1.0B | $1.4B | $503M | $521M | $961M | $435M | $30M | — | $1.7B | $0 |
| Free cash flow margin | -5.0% | 10.3% | 3.4% | 8.9% | 14.2% | 9.4% | 8.3% | 8.5% | 6.7% | -4.7% |
| Dividends per share | $1.75 | $1.88 | $1.90 | $1.95 | $1.80 | $0.25 | — | — | — | — |
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Open GEO in InvestinglyQuestions
What was Geo's revenue in 2025?
$2.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Geo generate?
-$125M in fiscal 2025 (operating cash flow minus capital spending).
From Geo's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.