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Side-by-side financial comparison of AFFILIATED MANAGERS GROUP, INC. (AMG) and GEO GROUP INC (GEO). Click either name above to swap in a different company.

GEO GROUP INC is the larger business by last-quarter revenue ($708.4M vs $556.6M, roughly 1.3× AFFILIATED MANAGERS GROUP, INC.). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs 4.5%, a 57.9% gap on every dollar of revenue. On growth, GEO GROUP INC posted the faster year-over-year revenue change (16.6% vs 6.2%). AFFILIATED MANAGERS GROUP, INC. produced more free cash flow last quarter ($254.5M vs $-153.6M). Over the past eight quarters, GEO GROUP INC's revenue compounded faster (8.1% CAGR vs 5.5%).

Affiliated Managers Group, Inc. (AMG) is an American financial services firm founded in 1993 and headquartered in West Palm Beach, Florida. The company's stock trades on the New York Stock Exchange under the symbol AMG, and is listed on the S&P 400 for mid-size American firms.

The GEO Group, Inc. (GEO) is a publicly traded C corporation headquartered in Boca Raton, Florida, that invests in private prisons and mental health facilities in the United States, Australia, South Africa, and the United Kingdom. The company's facilities include immigration detention centers, minimum security detention centers, and mental-health and residential-treatment facilities. GEO also operates government-owned facilities pursuant to management contracts. As of September 30, 2024, the ...

AMG vs GEO — Head-to-Head

Bigger by revenue
GEO
GEO
1.3× larger
GEO
$708.4M
$556.6M
AMG
Growing faster (revenue YoY)
GEO
GEO
+10.4% gap
GEO
16.6%
6.2%
AMG
Higher net margin
AMG
AMG
57.9% more per $
AMG
62.4%
4.5%
GEO
More free cash flow
AMG
AMG
$408.1M more FCF
AMG
$254.5M
$-153.6M
GEO
Faster 2-yr revenue CAGR
GEO
GEO
Annualised
GEO
8.1%
5.5%
AMG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMG
AMG
GEO
GEO
Revenue
$556.6M
$708.4M
Net Profit
$347.5M
$31.8M
Gross Margin
Operating Margin
94.4%
11.8%
Net Margin
62.4%
4.5%
Revenue YoY
6.2%
16.6%
Net Profit YoY
114.2%
105.1%
EPS (diluted)
$10.87
$0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMG
AMG
GEO
GEO
Q4 25
$556.6M
$708.4M
Q3 25
$528.0M
$682.3M
Q2 25
$493.2M
$636.2M
Q1 25
$496.6M
$604.6M
Q4 24
$524.3M
$607.7M
Q3 24
$516.4M
$603.1M
Q2 24
$500.3M
$607.2M
Q1 24
$499.9M
$605.7M
Net Profit
AMG
AMG
GEO
GEO
Q4 25
$347.5M
$31.8M
Q3 25
$212.4M
$173.9M
Q2 25
$84.3M
$29.1M
Q1 25
$72.4M
$19.6M
Q4 24
$162.2M
$15.5M
Q3 24
$123.6M
$26.3M
Q2 24
$76.0M
$-32.5M
Q1 24
$149.8M
$22.7M
Operating Margin
AMG
AMG
GEO
GEO
Q4 25
94.4%
11.8%
Q3 25
68.7%
6.0%
Q2 25
34.8%
11.3%
Q1 25
25.5%
10.1%
Q4 24
52.2%
11.2%
Q3 24
42.0%
13.7%
Q2 24
35.6%
13.2%
Q1 24
50.8%
13.1%
Net Margin
AMG
AMG
GEO
GEO
Q4 25
62.4%
4.5%
Q3 25
40.2%
25.5%
Q2 25
17.1%
4.6%
Q1 25
14.6%
3.2%
Q4 24
30.9%
2.5%
Q3 24
23.9%
4.4%
Q2 24
15.2%
-5.4%
Q1 24
30.0%
3.7%
EPS (diluted)
AMG
AMG
GEO
GEO
Q4 25
$10.87
$0.16
Q3 25
$6.87
$1.24
Q2 25
$2.80
$0.21
Q1 25
$2.20
$0.21
Q4 24
$4.95
$0.14
Q3 24
$3.78
$0.19
Q2 24
$2.26
$-0.25
Q1 24
$4.14
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMG
AMG
GEO
GEO
Cash + ST InvestmentsLiquidity on hand
$586.0M
$69.0M
Total DebtLower is stronger
$2.7B
$1.7B
Stockholders' EquityBook value
$3.2B
$1.5B
Total Assets
$9.2B
$3.8B
Debt / EquityLower = less leverage
0.83×
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
GEO
GEO
Q4 25
$586.0M
$69.0M
Q3 25
$476.1M
$183.9M
Q2 25
$361.0M
$67.9M
Q1 25
$816.5M
$64.8M
Q4 24
$950.0M
$76.9M
Q3 24
$1.0B
$70.6M
Q2 24
$865.5M
$46.3M
Q1 24
$793.4M
$126.5M
Total Debt
AMG
AMG
GEO
GEO
Q4 25
$2.7B
$1.7B
Q3 25
$2.4B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.6B
$1.7B
Q3 24
$2.6B
Q2 24
$2.5B
Q1 24
$2.5B
Stockholders' Equity
AMG
AMG
GEO
GEO
Q4 25
$3.2B
$1.5B
Q3 25
$3.3B
$1.5B
Q2 25
$3.2B
$1.4B
Q1 25
$3.2B
$1.3B
Q4 24
$3.3B
$1.3B
Q3 24
$3.3B
$1.3B
Q2 24
$3.3B
$1.3B
Q1 24
$3.6B
$1.3B
Total Assets
AMG
AMG
GEO
GEO
Q4 25
$9.2B
$3.8B
Q3 25
$8.9B
$3.8B
Q2 25
$8.8B
$3.7B
Q1 25
$8.7B
$3.6B
Q4 24
$8.8B
$3.6B
Q3 24
$8.9B
$3.6B
Q2 24
$8.8B
$3.6B
Q1 24
$9.0B
$3.7B
Debt / Equity
AMG
AMG
GEO
GEO
Q4 25
0.83×
1.11×
Q3 25
0.71×
Q2 25
0.81×
Q1 25
0.82×
Q4 24
0.78×
1.31×
Q3 24
0.79×
Q2 24
0.76×
Q1 24
0.70×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMG
AMG
GEO
GEO
Operating Cash FlowLast quarter
$256.4M
$-117.3M
Free Cash FlowOCF − Capex
$254.5M
$-153.6M
FCF MarginFCF / Revenue
45.7%
-21.7%
Capex IntensityCapex / Revenue
0.3%
5.1%
Cash ConversionOCF / Net Profit
0.74×
-3.69×
TTM Free Cash FlowTrailing 4 quarters
$967.1M
$-124.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
GEO
GEO
Q4 25
$256.4M
$-117.3M
Q3 25
$277.1M
$79.6M
Q2 25
$230.8M
$39.2M
Q1 25
$208.9M
$71.2M
Q4 24
$212.5M
$18.5M
Q3 24
$265.2M
$109.3M
Q2 24
$245.2M
$31.2M
Q1 24
$209.2M
$83.3M
Free Cash Flow
AMG
AMG
GEO
GEO
Q4 25
$254.5M
$-153.6M
Q3 25
$275.9M
$-14.1M
Q2 25
$229.4M
$2.4M
Q1 25
$207.3M
$40.5M
Q4 24
$211.4M
$-2.3M
Q3 24
$264.5M
$90.5M
Q2 24
$244.6M
$6.8M
Q1 24
$208.2M
$68.5M
FCF Margin
AMG
AMG
GEO
GEO
Q4 25
45.7%
-21.7%
Q3 25
52.3%
-2.1%
Q2 25
46.5%
0.4%
Q1 25
41.7%
6.7%
Q4 24
40.3%
-0.4%
Q3 24
51.2%
15.0%
Q2 24
48.9%
1.1%
Q1 24
41.6%
11.3%
Capex Intensity
AMG
AMG
GEO
GEO
Q4 25
0.3%
5.1%
Q3 25
0.2%
13.7%
Q2 25
0.3%
5.8%
Q1 25
0.3%
5.1%
Q4 24
0.2%
3.4%
Q3 24
0.1%
3.1%
Q2 24
0.1%
4.0%
Q1 24
0.2%
2.4%
Cash Conversion
AMG
AMG
GEO
GEO
Q4 25
0.74×
-3.69×
Q3 25
1.30×
0.46×
Q2 25
2.74×
1.35×
Q1 25
2.89×
3.64×
Q4 24
1.31×
1.19×
Q3 24
2.15×
4.15×
Q2 24
3.23×
Q1 24
1.40×
3.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMG
AMG

Segment breakdown not available.

GEO
GEO

Us Corrections And Detention$498.0M70%
Electronic Monitoring And Supervision Services$83.7M12%
Reentry Services$72.2M10%
AU$49.1M7%
ZA$5.4M1%

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