Geo Group Inc (GEO)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 142,724 | 168,452 | 186,995 | 218,896 | 234,712 | 229,929 | 223,451 | 197,848 | 200,147 | 165,623 | 166,354 | 160,248 | 133,495 | 156,670 | 163,903 | 169,433 | 183,251 | 178,376 | 170,319 | 165,009 |
| Revenue (ttm) | US$ in thousands | 4,609,468 | 4,616,848 | 4,606,381 | 4,632,051 | 4,602,201 | 4,413,311 | 4,400,195 | 4,374,056 | 4,414,967 | 2,206,263 | 2,237,828 | 2,262,240 | 2,274,336 | 2,317,930 | 2,357,239 | 2,364,065 | 2,356,221 | 2,333,941 | 2,283,952 | 2,261,249 |
| Pretax margin | 3.10% | 3.65% | 4.06% | 4.73% | 5.10% | 5.21% | 5.08% | 4.52% | 4.53% | 7.51% | 7.43% | 7.08% | 5.87% | 6.76% | 6.95% | 7.17% | 7.78% | 7.64% | 7.46% | 7.30% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $142,724K ÷ $4,609,468K
= 3.10%
Geo Group, Inc.'s pretax margin has shown a downward trend throughout the past year, decreasing from 9.87% in Q4 2022 to 5.91% in Q4 2023. The company experienced a peak pretax margin of 9.93% in Q3 2022 before gradually declining. Despite fluctuations, the pretax margin has generally remained above 5% over the past two years. The recent decline in pretax margin may raise concerns about the company's profitability and efficiency in managing pre-tax expenses relative to its revenue. Further analysis of the company's cost structure and revenue generation may be necessary to understand the factors contributing to this trend.
Peer comparison
Dec 31, 2023