Latest Ratios: P/E Ratio 17.6x · EV/EBITDA 15.3x · ROE 17.9%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.3B | $2.3B | $3.8B | $1.3B | $1.3B | $936M | $1.1B | $2.0B | $2.4B | $2.9B | $2.7B |
| Enterprise Value | $5.9B | $3.9B | $5.5B | $3.1B | $3.3B | $3.5B | $3.8B | $4.8B | $5.1B | $5.4B | $5.0B |
| P/E Ratio → | 17.56 | 8.86 | 127.18 | 15.04 | 9.36 | 13.36 | 9.43 | 11.86 | 16.42 | 19.50 | 18.01 |
| P/S Ratio | 1.62 | 0.86 | 1.55 | 0.56 | 0.56 | 0.41 | 0.45 | 0.80 | 1.02 | 1.26 | 1.23 |
| P/B Ratio | 2.97 | 1.50 | 2.81 | 1.04 | 1.15 | 0.96 | 1.17 | 1.99 | 2.29 | 2.38 | 2.74 |
| P/FCF | — | — | 22.94 | 6.32 | 6.49 | 4.39 | 3.19 | 8.97 | 30.18 | 12.26 | — |
| P/OCF | 58.81 | 31.02 | 15.49 | 4.70 | 4.52 | 3.31 | 2.41 | 5.86 | 8.67 | 7.48 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.49 | 2.26 | 1.30 | 1.40 | 1.55 | 1.63 | 1.94 | 2.19 | 2.36 | 2.30 |
| EV / EBITDA | 15.27 | 10.07 | 12.58 | 6.55 | 6.42 | 8.25 | 10.51 | 11.10 | 13.03 | 14.36 | 13.20 |
| EV / EBIT | 23.02 | 7.81 | 23.93 | 8.79 | 8.41 | 10.83 | 15.24 | 14.84 | 17.02 | 17.84 | 18.05 |
| EV / FCF | — | — | 33.54 | 14.79 | 16.08 | 16.37 | 11.49 | 21.81 | 64.67 | 23.00 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.2% | 25.2% | 100.0% | 27.7% | 30.0% | 27.8% | 24.6% | 25.0% | 24.7% | 24.9% | 24.3% |
| Operating Margin | 9.8% | 9.8% | 12.8% | 14.6% | 16.2% | 12.8% | 9.8% | 12.2% | 11.4% | 11.0% | 12.2% |
| Net Profit Margin | 9.7% | 9.7% | 1.3% | 4.4% | 7.2% | 3.4% | 4.8% | 6.7% | 6.2% | 6.5% | 6.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.9% | 17.9% | 2.4% | 8.7% | 16.1% | 8.2% | 11.8% | 16.4% | 13.0% | 13.5% | 15.0% |
| ROA | 6.8% | 6.8% | 0.9% | 2.9% | 4.1% | 1.7% | 2.6% | 3.9% | 3.4% | 3.7% | 4.1% |
| ROIC | 6.2% | 6.2% | 7.6% | 8.5% | 8.6% | 6.0% | 4.6% | 6.0% | 5.3% | 5.3% | 6.2% |
| ROCE | 7.6% | 7.6% | 9.5% | 10.7% | 10.3% | 7.0% | 5.8% | 8.1% | 7.1% | 7.0% | 8.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.15 | 1.15 | 1.36 | 1.46 | 1.78 | 3.14 | 3.34 | 2.88 | 2.64 | 2.15 | 2.48 |
| Debt / EBITDA | 4.45 | 4.45 | 4.15 | 3.95 | 4.01 | 7.24 | 8.37 | 6.61 | 7.03 | 6.93 | 6.36 |
| Net Debt / Equity | — | 1.10 | 1.30 | 1.39 | 1.70 | 2.62 | 3.03 | 2.85 | 2.61 | 2.09 | 2.41 |
| Net Debt / EBITDA | 4.27 | 4.27 | 3.98 | 3.75 | 3.83 | 6.04 | 7.59 | 6.53 | 6.95 | 6.71 | 6.18 |
| Debt / FCF | — | — | 10.61 | 8.47 | 9.59 | 11.99 | 8.30 | 12.84 | 34.48 | 10.75 | — |
| Interest Coverage | 3.12 | 3.12 | 1.20 | 1.63 | 2.40 | 2.49 | 1.98 | 2.15 | 1.99 | 2.03 | 2.16 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.01 | 2.01 | 1.47 | 1.21 | 1.27 | 2.49 | 1.73 | 1.37 | 0.85 | 1.57 | 1.38 |
| Quick Ratio | 2.01 | 2.01 | 1.47 | 1.21 | 1.27 | 2.49 | 1.73 | 1.37 | 0.85 | 1.57 | 1.38 |
| Cash Ratio | 0.19 | 0.19 | 0.23 | 0.21 | 0.22 | 1.34 | 0.69 | 0.08 | 0.04 | 0.22 | 0.13 |
| Asset Turnover | — | 0.68 | 0.67 | 0.65 | 0.63 | 0.50 | 0.53 | 0.57 | 0.55 | 0.54 | 0.58 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 82.31 | 56.63 | 58.99 | 63.95 | 60.18 | 57.30 | 64.24 | 72.18 | 65.80 | 97.18 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 3.3% | 20.3% | 11.7% | 9.6% | 8.0% | 7.3% |
| Payout Ratio | — | — | — | — | — | 39.4% | 191.2% | 139.6% | 158.2% | 155.5% | 131.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 11.3% | 0.8% | 6.6% | 10.7% | 7.5% | 10.6% | 8.4% | 6.1% | 5.1% | 5.6% |
| FCF Yield | — | — | 4.4% | 15.8% | 15.4% | 22.8% | 31.3% | 11.1% | 3.3% | 8.2% | — |
| Buyback Yield | 2.1% | 4.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 0.2% | 4.0% | 0.0% | 48.0% |
| Total Shareholder Yield | 2.1% | 4.0% | 0.0% | 0.0% | 0.0% | 3.3% | 21.2% | 11.9% | 13.6% | 8.0% | 55.3% |
| Shares Outstanding | — | $140M | $134M | $124M | $122M | $121M | $120M | $119M | $121M | $121M | $111M |
Includes 30+ ratios · 30 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying GEO stock.
The GEO Group, Inc.'s current P/E ratio is 17.6x. The historical average is 26.0x. This places it at the 60th percentile of its historical range.
The GEO Group, Inc.'s current EV/EBITDA is 15.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
The GEO Group, Inc.'s return on equity (ROE) is 17.9%. The historical average is 13.0%.
Based on historical data, The GEO Group, Inc. is trading at a P/E of 17.6x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The GEO Group, Inc. has 25.2% gross margin and 9.8% operating margin.
The GEO Group, Inc.'s Debt/EBITDA ratio is 4.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
ISAP contract concentration risk
Metrics are mathematically derived from official filings.
Margin Recovery Masks Underlying Volatility
Operating margin expanded to 13.9% in 2026Q2 from 11.3% a year earlier, according to reported figures, while net margin improved to 6.5% from 4.6%, suggesting operational leverage is taking hold.
The sequential improvement in operating margin from 12.7% in 2026Q1 to 13.9% in 2026Q2, as per the latest quarterly data, indicates that revenue growth is being converted more efficiently into operating income. However, the gross margin data is incomplete, with several quarters showing 100% due to missing COGS, so the true cost structure remains opaque. The net margin of 6.5% in 2026Q2 is still below the 25.5% spike in 2025Q3, which was inflated by a one-time gain, highlighting that normalized profitability is moderate and sensitive to non-recurring items.
Return on Capital Remains Subdued
ROIC has hovered around 2% for the past year, reaching 2.5% in 2026Q2, according to financial statements, while ROE improved to 3.2% from 2.1% in 2025Q2, indicating slow capital efficiency gains.
Despite the recent earnings beat, ROIC of 2.5% in 2026Q2 is far below the cost of capital, suggesting that the company is not yet generating sufficient returns on its invested capital. The improvement from 1.8% in 2025Q2 is modest and may reflect higher asset utilization as revenue grows, but the asset turnover of 0.19 remains low, indicating a capital-intensive model. The gap between ROE (3.2%) and ROIC (2.5%) implies that financial leverage is amplifying returns, but the overall compounding of returns is weak, which may limit the stock's re-rating potential.
Working Capital Efficiency Shows Mixed Signals
DSO rose to 69 days in 2026Q2 from 55 days in 2025Q2, as per the ratio data, while the current ratio improved to 1.65, suggesting slower collections but better short-term liquidity.
The increase in days sales outstanding from 55 to 69 days over the past year indicates that GEO is taking longer to collect receivables, which could strain cash flow if the trend continues. However, the current ratio of 1.65 in 2026Q2 is a significant improvement from 0.90 in 2025Q2, reflecting a stronger liquidity position. The lack of DIO data prevents a full assessment of inventory efficiency, but the asset turnover of 0.19 is stable, suggesting that the company's efficiency in generating sales from assets has not materially changed.
Leverage Eases but Refinancing Risk Persists
Debt-to-equity improved to 1.06 in 2026Q2 from 1.45 in 2024Q2, according to balance sheet data, while interest coverage rose to 2.70 from 1.89 a year earlier, indicating better debt service capacity.
The steady decline in D/E from 1.45 to 1.06 over the past two years suggests that management's deleveraging efforts are bearing fruit, as retained earnings have grown and debt has been reduced. Interest coverage of 2.70 in 2026Q2 is the highest in the past year, but it remains thin, meaning that a modest increase in interest rates or a decline in EBITDA could pressure the company's ability to service debt. The D/EBITDA ratio of 11.83 is elevated, indicating that the company is still highly leveraged relative to its cash generation, and the upcoming maturities may require refinancing at potentially higher rates.
Liquidity Buffer Improves but Remains Thin
The current ratio rose to 1.65 in 2026Q2 from 0.90 in 2025Q2, as reported, but cash of $57.1M covers only a small fraction of operating costs, suggesting limited cushion.
The improvement in the current ratio from 0.90 to 1.65 indicates that GEO has strengthened its short-term liquidity position, likely due to improved cash flow and working capital management. However, the absolute cash balance of $57.1M is low relative to the company's quarterly operating expenses, which could be a concern if cash flow deteriorates. The quick ratio of 1.65 matches the current ratio, implying that inventory is not a significant component of current assets, which is typical for a service-oriented business.
Misapplied Metric: P/E on Distorted Earnings
The trailing P/E of 17.15 is misleading because 2025Q3 net income included a $173.9M one-time gain, inflating EPS, according to reported data, so investors should focus on forward earnings.
The P/E ratio is commonly used to value GEO, but the trailing earnings are distorted by non-recurring items, such as the $173.9M gain in 2025Q3, which artificially boosted net income and lowered the P/E. The forward P/E of 25.54 is more reflective of normalized earnings, but it is still higher than the trailing multiple, indicating that the market expects earnings to decline from the inflated level. A better metric would be EV/EBITDA, which at 15.02 (trailing) and 9.66 (forward) provides a clearer picture of valuation relative to cash generation, as it excludes depreciation and non-cash charges that are significant in this capital-intensive business.