Geo Group Inc (GEO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,423,700 | 668,939 | 712,999 | 627,566 | 571,772 |
| Revenue | US$ in thousands | 2,423,700 | 2,413,170 | 2,376,730 | 2,256,610 | 2,350,100 |
| Gross profit margin | 100.00% | 27.72% | 30.00% | 27.81% | 24.33% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,423,700K ÷ $2,423,700K
= 100.00%
Geo Group Inc's gross profit margin has shown a positive trend over the past five years. Starting at 24.33% as of December 31, 2020, it increased to 27.81% by December 31, 2021, further improving to 30.00% by December 31, 2022. There was a slight dip to 27.72% by December 31, 2023, before experiencing a significant spike to 100.00% by December 31, 2024.
The substantial increase in the gross profit margin to 100.00% in 2024 is unusual and may require further investigation to understand the underlying reasons for such a significant jump. Overall, the positive trend in the gross profit margin indicates that Geo Group Inc has been effectively managing its cost of goods sold relative to its revenue, which is a positive signal for the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024