GEO Group
GEO · Environmental & Facilities Services
$27.36
1.6%Veralto
VLTO · Environmental & Facilities Services
$104.33
0.5%The short version
- Veralto is the larger business, with $5.5B of revenue in fiscal 2025 against $2.6B for GEO Group, about 2.1 times as much.
- GEO Group grew revenue faster (8.6%, against 6.0%).
- Veralto kept more of each dollar of sales as operating profit (23.2% operating margin, against 9.8% operating margin).
- Veralto turned more of its sales into free cash flow (18.4% FCF margin, against −4.8% FCF margin).
- Veralto earned a higher return on the capital invested in it (28.1%, against 6.3%).
- Investors pay more for each dollar of Veralto’s earnings: a P/E of 26.9x against 12.9x for GEO Group.
| Latest fiscal year | GEO · FY25 | VLTO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.6B | $26.0B |
| Revenue | $2.6B | $5.5B |
| Free cash flow | −$125M | $1.0B |
| Net income | $254M | $940M |
| Growth | ||
| Revenue growth | 8.6% | 6.0% |
| 5-year growth | 2.3% | — |
| Share count change | 4.2% | 0.3% |
| Profitability | ||
| Gross margin | — | 60.0% |
| Operating margin | 9.8% | 23.2% |
| Net margin | 9.7% | 17.1% |
| FCF margin | −4.8% | 18.4% |
| Return on capital | 6.3% | 28.1% |
| Return on equity | 17.9% | 36.6% |
| Balance sheet | ||
| Net debt | $1.6B | $642M |
| Net debt / EBITDA | 4.1x | 0.5x |
| Dividends and buybacks | $91.0M | $109M |
| Valuation & quality | ||
| P/E | 12.9x | 26.9x |
| Piotroski F-score | 6 | 6 |
FY16
GEO $2.2B
VLTO —
FY17
GEO $2.3B
VLTO —
FY18
GEO $2.3B
VLTO —
FY19
GEO $2.5B
VLTO —
FY20
GEO $2.4B
VLTO —
FY21
GEO $2.3B
VLTO $4.7B
FY22
GEO $2.4B
VLTO $4.9B
FY23
GEO $2.4B
VLTO $5.0B
FY24
GEO $2.4B
VLTO $5.2B
FY25
GEO $2.6B
VLTO $5.5B
GEO
VLTO
FY16
GEO 12.2%
VLTO —
FY17
GEO 11.0%
VLTO —
FY18
GEO 11.4%
VLTO —
FY19
GEO 12.2%
VLTO —
FY20
GEO 9.8%
VLTO —
FY21
GEO 12.8%
VLTO 22.2%
FY22
GEO 16.2%
VLTO 22.8%
FY23
GEO 14.6%
VLTO 22.7%
FY24
GEO 12.8%
VLTO 23.3%
FY25
GEO 9.8%
VLTO 23.2%
GEO
VLTO
FY16
GEO −$110M
VLTO —
FY17
GEO $233M
VLTO —
FY18
GEO $78.8M
VLTO —
FY19
GEO $221M
VLTO —
FY20
GEO $333M
VLTO —
FY21
GEO $213M
VLTO $842M
FY22
GEO $198M
VLTO $836M
FY23
GEO $205M
VLTO $909M
FY24
GEO $164M
VLTO $820M
FY25
GEO −$125M
VLTO $1.0B
GEO
VLTO
FY16
GEO 7.8%
VLTO —
FY17
GEO 6.2%
VLTO —
FY18
GEO 6.4%
VLTO —
FY19
GEO 7.3%
VLTO —
FY20
GEO 5.3%
VLTO —
FY21
GEO 4.1%
VLTO —
FY22
GEO 8.5%
VLTO —
FY23
GEO 8.5%
VLTO 26.9%
FY24
GEO 7.8%
VLTO 27.3%
FY25
GEO 6.3%
VLTO 28.1%
GEO
VLTO
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.