Geo Group Inc (GEO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,507,133 | 1,043,658 | 571,478 | 541,894 | 583,979 | 629,851 | 679,379 | 721,693 | 713,000 | 684,436 | 661,340 | 645,364 | 627,566 | 606,865 | 594,222 | 577,606 | 573,075 | 575,853 | 590,185 | 607,189 |
| Revenue (ttm) | US$ in thousands | 2,423,702 | 2,424,265 | 2,423,925 | 2,410,631 | 2,413,168 | 2,425,567 | 2,439,465 | 2,433,751 | 2,376,727 | 2,313,584 | 2,254,178 | 2,231,420 | 2,256,612 | 2,277,189 | 2,299,048 | 2,321,458 | 2,350,098 | 2,393,692 | 2,446,135 | 2,472,272 |
| Gross profit margin | 62.18% | 43.05% | 23.58% | 22.48% | 24.20% | 25.97% | 27.85% | 29.65% | 30.00% | 29.58% | 29.34% | 28.92% | 27.81% | 26.65% | 25.85% | 24.88% | 24.39% | 24.06% | 24.13% | 24.56% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,507,133K ÷ $2,423,702K
= 62.18%
Geo Group Inc's gross profit margin has shown some fluctuations over the last few years. It has generally been increasing from March 31, 2020, to December 31, 2022, indicating an improvement in the company's ability to generate profit from its core business operations.
The trend shows a significant increase in the gross profit margin from 24.56% on March 31, 2020, to 30.00% on December 31, 2022. This steady growth suggests that Geo Group Inc has been able to effectively manage its costs and increase its profitability during this period.
However, the gross profit margin took a decline in the subsequent quarters, dropping to 22.48% on March 31, 2024. The sharp decline to 22.48% from 30.00% could indicate challenges or factors impacting the company's ability to maintain high levels of profitability.
It's worth noting that there was a significant spike in the gross profit margin to 62.18% on December 31, 2024. Such a sudden increase may be due to various factors like one-time gains, changes in the cost structure, or other exceptional events that drove profitability to exceptional levels in that particular period.
Overall, while the gross profit margin has shown some variability, the general upward trend until 2022 reflects positive management of costs and operations. The sudden fluctuations in the most recent quarters should be further investigated to understand the underlying reasons and implications for Geo Group Inc's financial performance.
Peer comparison
Dec 31, 2024