Geo Group Inc (GEO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 352,389 | 383,945 | 288,083 | 229,405 | 303,106 |
| Revenue | US$ in thousands | 4,610,800 | 4,600,290 | 4,409,520 | 4,593,970 | 4,823,380 |
| Operating profit margin | 7.64% | 8.35% | 6.53% | 4.99% | 6.28% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $352,389K ÷ $4,610,800K
= 7.64%
The operating profit margin of Geo Group, Inc. has shown some fluctuations over the past five years. In 2023, the operating profit margin decreased to 14.60% from 16.12% in 2022, which may indicate a slight decline in the company's efficiency in generating profits from its core operations. However, compared to 2020 and 2019 where the operating profit margin was 10.37% and 12.12% respectively, the current margin remains relatively favorable.
It is worth noting that the operating profit margin was at its highest in 2022 at 16.12%, reflecting strong operational performance. The decline in 2023 could be attributed to various factors such as changes in revenue, cost structure, or efficiency measures within the company.
Overall, while the recent decrease in the operating profit margin is a point of consideration, Geo Group, Inc. has generally maintained a reasonably healthy level of operating profitability over the years. Further analysis of the company's financial performance and operational strategies would be necessary to fully understand the dynamics driving these margin fluctuations.
Peer comparison
Dec 31, 2023