Geo Group Inc (GEO)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 142,724 | 234,712 | 200,148 | 133,495 | 183,251 |
| Revenue | US$ in thousands | 4,610,800 | 4,600,290 | 4,409,520 | 4,593,970 | 4,823,380 |
| Pretax margin | 3.10% | 5.10% | 4.54% | 2.91% | 3.80% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $142,724K ÷ $4,610,800K
= 3.10%
Geo Group, Inc.'s pretax margin has fluctuated over the past five years. In 2023, the pretax margin decreased to 5.91% from 9.87% in 2022. This decline indicates that the company's profitability before accounting for taxes decreased in 2023 compared to the previous year. Similarly, the pretax margin was lower than in 2021 when it stood at 8.86%, indicating a trend of reducing profitability over the past two years. In comparison to 2020 and 2019, the pretax margin in 2023 was closer to the level observed in 2020 (5.67%) than in 2019 (7.39%). This suggests that the company's profitability in 2023 was at a similar level to 2020 but lower than in 2019. Further analysis would be needed to understand the factors contributing to these fluctuations in Geo Group, Inc.'s pretax margin.
Peer comparison
Dec 31, 2023