CoreCivic, Inc. (CXW) 10-Year Financial Performance & Capital Metrics

CXW • • REIT / Real Estate

Real EstateSpecialty REITsCorrectional FacilitiesPrison & Detention Facility Operators

AboutCoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions. Its correctional, detention, and residential reentry facilities offer rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. As of December 31, 2021, the company owned and operated 46 correctional and detention facilities, 26 residential reentry centers, and 10 properties for lease. The company was founded in 1983 and is based in Brentwood, Tennessee.Show more

Revenue $1.96B +3.4%
FFO $197M +1.0%
FFO/Share 1.76 +3.5%
FFO Payout 0.07% +2.8%
FFO per Share 1.76 +3.5%
NOI Margin 23.87% +47.5%
FFO Margin 10.04% -2.3%
ROE 4.64% -0.2%
ROA 2.28% +7.2%
Debt/Assets 34.55% -11.1%
Net Debt/EBITDA 2.86 -21.4%
Book Value/Share 13.35 +3.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓FFO growing 15.6% TTM
✓Sustainable FFO payout ratio of 0.1%
✓Share count reduced 2.5% through buybacks
✓Trading at only 1.5x book value

✗Weaknesses

✗Profits declining 18.3% over 5 years
✗Low NOI margin of 23.9%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.76%

5Y-0.19%

3Y1.74%

TTM5.72%

Profit (Net Income) CAGR

10Y-9.89%

5Y-18.27%

3Y-

TTM43.62%

EPS CAGR

10Y-9.38%

5Y-17.17%

3Y-

TTM46.67%

ROCE

10Y Avg7.4%

5Y Avg5.89%

3Y Avg6.3%

Latest6.9%

Peer Comparison

Prison & Detention Facility Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CXWCoreCivic, Inc.	2.08B	19.91	32.11	3.43%	5.24%	7.43%	9.51%	0.68

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	1.79B	1.85B	1.77B	1.84B	1.98B	1.91B	1.86B	1.85B	1.9B	1.96B
Revenue Growth %	0.09%	0.03%	-0.05%	0.04%	0.08%	-0.04%	-0.02%	-0.01%	0.03%	0.03%
Property Operating Expenses	1.26B	1.28B	1.25B	1.32B	1.42B	1.41B	1.34B	1.41B	1.59B	1.49B
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	255.45M	273.77M	254.95M	263.37M	276.36M	336.45M	336.18M	255.61M	136.08M	280.09M
G&A Expenses	103.94M	107.03M	107.82M	106.86M	127.08M	124.34M	135.77M	127.7M	136.08M	152.08M
EBITDA+	432.07M	463.16M	407.52M	405.99M	426.14M	313.52M	324.11M	303.84M	298.12M	316.21M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	151.51M	166.75M	147.13M	156.5M	144.57M	150.86M	134.74M	127.91M	127.32M	128.01M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	280.55M	296.42M	260.4M	249.49M	281.56M	162.66M	189.37M	175.93M	170.81M	188.2M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	0	67.75M	68.53M	0	84.4M	83.3M	95.54M	95.87M	72.96M	67.42M
Interest Coverage	-	4.37x	3.80x	-	3.34x	1.95x	1.98x	1.84x	2.34x	2.79x
Non-Operating Income	643K	489K	-90K	1.17M	438K	19.64M	17.73M	-74.34M	2.02M	28.82M
Pretax Income+	230.22M	228.17M	191.95M	167.56M	196.72M	59.72M	86.1M	165.3M	95.82M	91.96M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	8.36M	8.25M	13.91M	8.35M	7.84M	4.39M	138M	42.98M	28.23M	23.09M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	221.85M	219.92M	178.04M	159.21M	188.89M	55.34M	-51.9M	122.32M	67.59M	68.87M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.14%	-0.01%	-0.19%	-0.11%	0.19%	-0.71%	-1.94%	3.36%	-0.45%	0.02%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	0.21%	0.04%	-0.16%	-0.03%	0.06%	-0.38%	-0.6%	2.02%	-0.22%	0.01%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	1.88	1.87	1.50	1.34	1.59	0.45	-0.43	1.03	0.59	0.62
EPS Growth %	0.13%	-0.01%	-0.2%	-0.11%	0.19%	-0.72%	-1.96%	3.4%	-0.43%	0.05%
EPS (Basic)	1.90	1.87	1.51	1.34	1.59	0.46	-0.43	1.03	0.59	0.62
Diluted Shares Outstanding	117.78M	117.79M	118.47M	118.72M	119.16M	120.93M	120.19M	119.1M	114.65M	111.84M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.36B	3.27B	3.27B	3.66B	3.79B	3.71B	3.5B	3.24B	3.11B	2.93B
Asset Growth %	0.07%	-0.03%	0%	0.12%	0.04%	-0.02%	-0.06%	-0.07%	-0.04%	-0.06%
Real Estate & Other Assets+	84.83M	82.78M	88.72M	141.21M	466.91M	419.96M	404.49M	396.89M	384.17M	47.97M
PP&E (Net)	2.88B	2.84B	2.8B	2.83B	2.81B	2.54B	2.45B	2.32B	2.23B	2.06B
Investment Securities	684K	218K	0	1000K	0	0	0	0	0	1000K
Total Current Assets+	342.06M	298.82M	327.49M	373.52M	435.38M	717.12M	627.38M	513.67M	474.91M	449.82M
Cash & Equivalents	65.29M	37.71M	52.18M	52.8M	92.12M	113.22M	299.64M	149.4M	121.84M	107.49M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	877K	31.23M	21.12M	21.34M	26.97M	302.95M	18.06M	51.83M	40.9M	53.59M
Intangible Assets	41.62M	41.03M	43.25M	50.05M	14.52M	10.87M	9M	7.72M	7.17M	6.72M
Total Liabilities	1.89B	1.81B	1.82B	2.24B	2.41B	2.3B	2.13B	1.81B	1.63B	1.44B
Total Debt+	1.5B	1.45B	1.45B	1.8B	2.05B	1.97B	1.69B	1.39B	1.21B	1.01B
Net Debt	1.43B	1.41B	1.4B	1.75B	1.96B	1.85B	1.39B	1.24B	1.09B	905.38M
Long-Term Debt	1.45B	1.44B	1.44B	1.79B	1.93B	1.75B	1.49B	1.08B	1.08B	973.07M
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	47.79M	37.2M	33.33M	37.39M	94.4M	178.32M	159.76M	136.65M	112.26M	27.72M
Total Current Liabilities+	324.6M	272.19M	290.84M	366.4M	368.81M	313.4M	340.97M	450.75M	297.45M	285.8M
Accounts Payable	72.69M	49.87M	53.23M	96.64M	75.15M	85.36M	90.81M	89.68M	72.02M	72.87M
Deferred Revenue	31.84M	14.33M	13.63M	15.17M	15.39M	8.69M	10.9M	10.9M	13.12M	12.23M
Other Liabilities	30.3M	26.43M	31.31M	67.83M	46.7M	49.4M	49.04M	50.59M	53.76M	53.59M
Total Equity+	1.46B	1.46B	1.45B	1.42B	1.38B	1.41B	1.37B	1.43B	1.48B	1.49B
Equity Growth %	-0.01%	-0%	-0.01%	-0.03%	-0.03%	0.03%	-0.03%	0.04%	0.03%	0.01%
Shareholders Equity	1.46B	1.46B	1.45B	1.42B	1.38B	1.39B	1.37B	1.43B	1.48B	1.49B
Minority Interest	0	0	0	0	0	23.27M	0	0	0	0
Common Stock	1.17M	1.18M	1.18M	1.19M	1.19M	1.2M	1.2M	1.15M	1.13M	1.1M
Additional Paid-in Capital	1.76B	1.78B	1.79B	1.81B	1.82B	1.84B	1.87B	1.81B	1.79B	1.73B
Retained Earnings	-300.82M	-322.56M	-344.29M	-393.33M	-446.25M	-446.52M	-498.69M	-376.43M	-308.85M	-239.98M
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.07%	0.07%	0.05%	0.05%	0.05%	0.01%	-0.01%	0.04%	0.02%	0.02%
Return on Equity (ROE)	0.15%	0.15%	0.12%	0.11%	0.14%	0.04%	-0.04%	0.09%	0.05%	0.05%
Debt / Assets	0.45%	0.44%	0.44%	0.49%	0.54%	0.53%	0.48%	0.43%	0.39%	0.35%
Debt / Equity	1.03x	0.99x	1.00x	1.27x	1.49x	1.39x	1.23x	0.97x	0.82x	0.68x
Net Debt / EBITDA	3.32x	3.04x	3.42x	4.31x	4.60x	5.91x	4.28x	4.07x	3.64x	2.86x
Book Value per Share	12.42	12.39	12.25	11.92	11.55	11.69	11.42	12.03	12.89	13.35

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	399.8M	375.37M	341.32M	322.88M	354.38M	355.53M	263.23M	153.58M	231.9M	269.15M
Operating CF Growth %	-0.06%	-0.06%	-0.09%	-0.05%	0.1%	0%	-0.26%	-0.42%	0.51%	0.16%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	221.85M	219.92M	178.04M	159.21M	188.89M	55.34M	-51.9M	122.32M	67.59M	68.87M
Depreciation & Amortization	151.51M	166.75M	147.13M	156.5M	144.57M	150.86M	134.74M	127.91M	127.32M	128.01M
Stock-Based Compensation	15.39M	17.9M	13.29M	13.13M	17.27M	17.26M	18.73M	17.57M	20.8M	25.68M
Other Non-Cash Items	5.2M	-1.58M	-6.42M	-585K	10.4M	92.63M	41.35M	-66.28M	10.52M	27.89M
Working Capital Changes	133K	-23.7M	8.37M	-939K	-5.58M	34.5M	21.04M	-59.4M	8.38M	26.41M
Cash from Investing+	-409.28M	-122.19M	-124.56M	-291.06M	-244.59M	12.97M	238.42M	73.04M	-58.87M	-53.82M
Acquisitions (Net)	-158.37M	-43.77M	-48.87M	-175.59M	-48.4M	-8.85M	-1M	157.68M	0	0
Purchase of Investments	-164.88M	-41.82M	-17.58M	-58.24M	-136.13M	-27.59M	0	0	0	0
Sale of Investments	1000K	1000K	684K	0	1000K	1000K	0	0	0	0
Other Investing	-26.62M	15.04M	-1.95M	6.21M	-2.87M	105.6M	320.31M	-3.25M	11.38M	17.35M
Cash from Financing+	381K	-280.76M	-202.29M	-9.87M	-64.84M	-350.82M	-327.71M	-375.16M	-206.24M	-222.18M
Dividends Paid	-250.69M	-255.5M	-200.33M	-204.2M	-209.52M	-105.98M	-2.51M	-886K	-131K	-136K
Common Dividends	-250.69M	-255.5M	-200.33M	-204.2M	-209.52M	-105.98M	-2.51M	-886K	-131K	-136K
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Share Repurchases	-9.45M	-4.01M	-5.85M	-3M	-3.53M	-3.58M	-1.64M	-79.89M	-43.05M	-77.17M
Other Financing	3M	-1.02M	2.37M	-5.22M	-10.82M	-11.16M	-65.99M	0	-4.63M	-34.94M
Net Change in Cash+	-9.1M	-27.58M	14.47M	21.95M	44.96M	17.68M	173.94M	-148.54M	-33.21M	-6.85M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	74.39M	65.29M	37.71M	52.18M	74.14M	119.09M	136.77M	310.71M	162.16M	128.96M
Cash at End	65.29M	37.71M	52.18M	74.14M	119.09M	136.77M	310.71M	162.16M	128.96M	122.11M
Free Cash Flow+	175.5M	281.91M	267.58M	201.2M	161.06M	271.74M	182.35M	72.19M	161.65M	197.98M
FCF Growth %	-0.39%	0.61%	-0.05%	-0.25%	-0.2%	0.69%	-0.33%	-0.6%	1.24%	0.22%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	3.17	3.28	2.74	2.66	2.8	1.71	0.69	2.1	1.7	1.76
FFO Payout Ratio	67.14%	66.08%	61.61%	64.68%	62.83%	51.4%	3.03%	0.35%	0.07%	0.07%
NOI Margin	29.95%	31.04%	29.22%	28.35%	28.17%	26.19%	28.22%	23.39%	16.18%	23.87%
Net Debt / EBITDA	3.32x	3.04x	3.42x	4.31x	4.60x	5.91x	4.28x	4.07x	3.64x	2.86x
Debt / Assets	44.69%	44.17%	44.22%	49.28%	54.17%	52.98%	48.22%	42.75%	38.88%	34.55%
Interest Coverage	-	4.37x	3.80x	-	3.34x	1.95x	1.98x	1.84x	2.34x	2.79x
Book Value / Share	12.42	12.39	12.25	11.92	11.55	11.69	11.42	12.03	12.89	13.35
Revenue Growth	8.88%	3.16%	-4.56%	3.98%	7.89%	-3.8%	-2.25%	-0.93%	2.78%	3.43%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Safety	-	-	-	1.68B	1.78B	1.71B	1.69B	1.68B	1.73B	1.82B
Safety Growth	-	-	-	-	6.20%	-4.14%	-0.72%	-0.59%	2.81%	4.93%
Community	-	-	-	101.84M	123.27M	105.99M	99.44M	103.26M	115.07M	118.66M
Community Growth	-	-	-	-	21.04%	-14.01%	-6.18%	3.85%	11.43%	3.12%
Properties	-	-	-	57.9M	77.31M	93.1M	68.93M	57.87M	49.88M	26.09M
Properties Growth	-	-	-	-	33.52%	20.43%	-25.96%	-16.05%	-13.82%	-47.70%
Owned And Managed	1.54B	1.6B	1.53B	-	-	-	-	-	-	-
Owned And Managed Growth	-	3.88%	-4.59%	-	-	-	-	-	-	-
Managed Only	212M	205.42M	190.25M	-	-	-	-	-	-	-
Managed Only Growth	-	-3.10%	-7.39%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

CoreCivic, Inc. (CXW) has a price-to-earnings (P/E) ratio of 32.1x. This suggests investors expect higher future growth.

Growth & Financials

CoreCivic, Inc. (CXW) reported $2.09B in revenue for fiscal year 2024. This represents a 20% increase from $1.74B in 2011.

CoreCivic, Inc. (CXW) grew revenue by 3.4% over the past year. Growth has been modest.

Yes, CoreCivic, Inc. (CXW) is profitable, generating $109.2M in net income for fiscal year 2024 (3.5% net margin).

Dividend & Returns

CoreCivic, Inc. (CXW) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

CoreCivic, Inc. (CXW) has a return on equity (ROE) of 4.6%. This is below average, suggesting room for improvement.

Industry Metrics

CoreCivic, Inc. (CXW) generated Funds From Operations (FFO) of $236.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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