What is the primary revenue source for The GEO Group (GEO)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze GEO's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out The GEO Group's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How The GEO Group Makes Money: GEO Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

The largest revenue segment accounts for 71.18% of revenue, indicating concentration.

Operating margin improved by 2.58 percentage points year over year.

Revenue: USD 1.44B
Largest revenue segment share (Us Corrections And Detention): 71.18%
Selling, general and administrative: USD 126.05M
Income tax expense: USD 33.90M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueRevenues · RevenueFromContractWithCustomerExcludingAssessedTax
Selling, general and administrativesum(SellingAndMarketingExpense, GeneralAndAdministrativeExpense)
Income tax expenseProvision for (benefit from) income taxes · IncomeTaxExpenseBenefit
Largest revenue segment share (Us Corrections And Detention)Us Corrections And Detention · segment_value / revenue * 100
Operating marginOperating income (loss) · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Property, plant and equipment: USD 1.86B
Goodwill: USD 756.04M
Accounts receivable: USD 531.85M
Shareholder equity: USD 1.51B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityTotal shareholders’ equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Accounts receivableAccounts receivable, net of credit loss reserve of $930 and $857, respectively · AccountsReceivableNetCurrent
GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty and equipment, net · PropertyPlantAndEquipmentNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 275.49% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 85.84M
Operating cash flow: USD 236.47M
Cash conversion: 275.49%
Free cash flow: USD 194.15M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income attributable to the geo group, inc. · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Share repurchases: USD 86.73M
Stock issuance proceeds: USD 3.02M
Net shareholder return: USD 83.72M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsProceeds from the exercise of stock options · ProceedsFromStockOptionsExercised · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?