Geogroup.workterra.net (2024)

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How much money does geo group make? ›

GEO Group (NYSE:GEO) First Quarter 2024 Results

Revenue: US$605.7m (flat on 1Q 2023). Net income: US$22.7m (down 2.4% from 1Q 2023). Profit margin: 3.7% (down from 3.8% in 1Q 2023).

GEO's worldwide operations include the ownership and/or delivery of support services for 100 facilities totaling approximately 81,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees.

Boca Raton, FL

The GEO Group / Headquarters

To date, GEO's operations include the management and/or ownership of 100 secure facilities, processing centers, and community reentry centers encompassing approximately 82,000 beds, including idle beds in inventory and projects under development.

Total debt on the balance sheet as of March 2024 : $1.86 B

According to Geo Group's latest financial reports the company's total debt is $1.86 B. A company's total debt is the sum of all current and non-current debts.

Based on analyst ratings, Geo Group's 12-month average price target is $17.94. Geo Group has 8.86% upside potential, based on the analysts' average price target. Geo Group has a consensus rating of Strong Buy which is based on 4 buy ratings, 0 hold ratings and 0 sell ratings.

The GEO Group competitors include Federal Bureau of Prisons, G4S and Correct Care Solutions.

GEO sponsors a non-partisan federal political action committee that is funded solely by voluntary employee contributions. The GEO PAC is a federally registered PAC that may make contributions in connection with federal elections, subject to contribution limits defined by the Federal Election Campaign Act.

Brian R. Evans was named GEO's Chief Executive Officer effective January 1, 2024. Mr. Evans joined The GEO Group in 2000 and has over 20 years of business management experience.

What is the net worth of the geo group? ›

The GEO Group has a market cap or net worth of $2.23 billion as of July 19, 2024. Its market cap has increased by 150.67% in one year.

GEO Group is not owned by hedge funds. Our data shows that BlackRock, Inc. is the largest shareholder with 14% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 10% and 6.3%, of the shares outstanding, respectively.

GEO Group owns and/or manages 18 immigration jails for U.S. Immigration and Customs Enforcement (ICE) as of 2021, with a total capacity of approximately 20,510 people. ICE contracts accounted for 33.1% of the company's total 2021 revenue. ICE pays GEO at a pier diem rate based on the number of immigrants it imprisons.

GEO Care deals with inmate-parolee facilities and services under the brands “Continuum of Care,” GEO Reentry Services, and BI, Inc. – GEO's electronic monitoring service. Combined, these operations make up 23.5% of its revenue. The rest of GEO's revenue is generated internationally and through facilities construction.

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Geo was a brand of economy cars introduced by GM in 1989. It was not considered its own make, but part of Chevrolet. It offered five models in all, which were all produced by either Suzuki, Toyota, or Isuzu, as the brand was intended to compete with Japanese imports.

$65,400 is the 25th percentile. Salaries below this are outliers. $93,100 is the 75th percentile.

According to Geo Group's latest financial reports the company's current revenue (TTM ) is $2.41 B. In 2023 the company made a revenue of $2.41 B an increase over the years 2022 revenue that were of $2.37 B. The revenue is the total amount of income that a company generates by the sale of goods or services.