Geo Group Inc (GEO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,294,250 | 4,270,390 | 4,070,030 | 4,244,780 | 4,506,630 |
| Revenue | US$ in thousands | 4,610,800 | 4,600,290 | 4,409,520 | 4,593,970 | 4,823,380 |
| Gross profit margin | 93.13% | 92.83% | 92.30% | 92.40% | 93.43% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,294,250K ÷ $4,610,800K
= 93.13%
Geo Group, Inc. has consistently maintained a gross profit margin of 100% over the past five years, reflecting that the company is able to generate revenue and production cost effectively. This indicates that for every dollar in revenue generated, the company is able to retain the entire amount as gross profit after deducting the cost of goods sold. The consistent high gross profit margin suggests that Geo Group, Inc. has strong pricing power, efficient cost management, and potentially a competitive advantage in its industry. It is important to further analyze other financial metrics and operational aspects to get a holistic view of the company's overall financial performance and sustainability.
Peer comparison
Dec 31, 2023