Geo Group Inc (GEO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 107,325 | 171,813 | 77,418 | 113,032 | 166,603 |
| Revenue | US$ in thousands | 4,610,800 | 4,600,290 | 4,409,520 | 4,593,970 | 4,823,380 |
| Net profit margin | 2.33% | 3.73% | 1.76% | 2.46% | 3.45% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $107,325K ÷ $4,610,800K
= 2.33%
Geo Group, Inc.'s net profit margin has exhibited fluctuations over the past five years. In 2023, the net profit margin decreased to 3.69% from 5.99% in 2022, reflecting a decline in the company's profitability. This decrease may indicate challenges in cost management or lower revenue generation efficiency during the year.
Comparing the most recent data to 2021 and 2020, the net profit margin has shown variability with a notable increase in 2022 at 5.99%, followed by a decline in 2023. This fluctuation suggests that Geo Group, Inc. may be experiencing changing market conditions or facing operational challenges impacting its profitability.
Furthermore, when comparing the net profit margin in 2023 to the levels in 2019, it is evident that there has been a significant decrease from 6.72% to 3.69%. This substantial drop over the years could signal broader industry trends or internal factors affecting the company's ability to generate profits efficiently.
Overall, the analysis of Geo Group, Inc.'s net profit margin indicates varying levels of profitability over the past five years, highlighting potential areas that the company may need to address to improve its financial performance in the future.
Peer comparison
Dec 31, 2023