CoreCivic, Inc. (CXW) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Specialty
EV/EBITDA
↓
6.70
↓-22% vs avg
5yr avg: 8.60
30Y Low1.8·High65.5
P/FCF
↑
38.79
↑+125% vs avg
5yr avg: 17.28
30Y Low2.9·High42.1
P/B Ratio
↑
1.62
↑+34% vs avg
5yr avg: 1.21
30Y Low0.1·High12.9
ROE
↑
8.0%
↓+80% vs avg
5yr avg: 4.5%
30Y Low-69%·High20%
Debt/EBITDA
↓
2.55
↓-35% vs avg
5yr avg: 3.92
30Y Low1.7·High7.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CXW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CoreCivic, Inc. trades at 19.6x earnings, 12% below its 5-year average of 22.2x, sitting at the 64th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.3x, the stock trades at a discount of 19%. On a free-cash-flow basis, the stock trades at 38.8x P/FCF, 125% above the 5-year average of 17.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.1B | $2.1B | $2.4B | $1.7B | $1.4B | $1.2B | $792M | $2.1B | $2.1B | $2.7B | $2.9B |
| Enterprise Value | $3.2B | $3.2B | $3.3B | $2.8B | $2.6B | $2.6B | $2.6B | $4.0B | $3.9B | $4.1B | $4.3B |
| P/E Ratio → | 19.60 | 17.69 | 35.06 | 24.63 | 11.22 | — | 14.56 | 10.93 | 13.31 | 15.00 | 13.08 |
| P/S Ratio | 0.95 | 0.93 | 1.24 | 0.88 | 0.75 | 0.64 | 0.42 | 1.05 | 1.15 | 1.51 | 1.56 |
| P/B Ratio | 1.62 | 1.47 | 1.63 | 1.13 | 0.96 | 0.87 | 0.56 | 1.50 | 1.50 | 1.84 | 1.97 |
| P/FCF | 38.79 | 38.16 | 12.28 | 10.31 | 19.07 | 6.57 | 2.91 | 12.86 | 10.52 | 9.96 | 10.22 |
| P/OCF | 10.76 | 10.58 | 9.03 | 7.18 | 8.96 | 4.55 | 2.23 | 5.84 | 6.56 | 7.81 | 7.68 |
P/E links to full P/E history page with 30-year chart
CXW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CoreCivic, Inc.'s enterprise value stands at 6.7x EBITDA, 22% below its 5-year average of 8.6x. The Real Estate sector median is 16.7x, placing the stock at a 60% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.43 | 1.70 | 1.45 | 1.42 | 1.39 | 1.39 | 2.04 | 2.11 | 2.30 | 2.32 |
| EV / EBITDA | 6.70 | 6.63 | 10.55 | 9.23 | 8.60 | 7.98 | 8.43 | 9.46 | 9.52 | 9.96 | 9.26 |
| EV / EBIT | 9.17 | 14.44 | 20.94 | 16.30 | 10.45 | 15.07 | 18.49 | 14.34 | 15.57 | 15.59 | 14.49 |
| EV / FCF | — | 58.70 | 16.85 | 17.02 | 36.22 | 14.18 | 9.73 | 25.04 | 19.21 | 15.17 | 15.21 |
CXW Profitability
Margins and return-on-capital ratios measuring operating efficiency
CoreCivic, Inc. earns an operating margin of 15.8%, below the Real Estate sector average of 25.0%. Operating margins have expanded from 9.0% to 15.8% over the past 3 years, signaling improving operational efficiency. ROE of 8.0% is modest. ROIC of 10.7% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.5% | 23.5% | 23.9% | 16.2% | 23.4% | 28.2% | 26.2% | 28.2% | 28.4% | 29.2% | 31.0% |
| Operating Margin | 15.8% | 15.8% | 9.6% | 9.0% | 9.5% | 10.2% | 8.5% | 14.2% | 13.6% | 14.7% | 16.0% |
| Net Profit Margin | 5.3% | 5.3% | 3.5% | 3.6% | 6.6% | -2.8% | 2.9% | 9.5% | 8.7% | 10.1% | 11.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 8.0% | 4.6% | 4.6% | 8.7% | -3.7% | 4.0% | 13.5% | 11.1% | 12.2% | 15.1% |
| ROA | 3.8% | 3.8% | 2.3% | 2.1% | 3.6% | -1.4% | 1.5% | 5.1% | 4.6% | 5.4% | 6.6% |
| ROIC | 10.7% | 10.7% | 5.7% | 4.9% | 4.9% | 4.7% | 3.7% | 6.5% | 6.2% | 6.8% | 7.7% |
| ROCE | 12.6% | 12.6% | 6.9% | 6.1% | 5.9% | 5.8% | 4.8% | 8.4% | 8.0% | 8.7% | 9.8% |
CXW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CoreCivic, Inc. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (67% below the sector average of 7.8x). Net debt stands at $1.1B ($1.2B total debt minus $112M cash). Interest coverage of 3.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.87 | 0.87 | 0.68 | 0.82 | 0.97 | 1.23 | 1.39 | 1.49 | 1.27 | 1.00 | 0.99 |
| Debt / EBITDA | 2.55 | 2.55 | 3.20 | 4.05 | 4.57 | 5.21 | 6.27 | 4.82 | 4.44 | 3.55 | 3.12 |
| Net Debt / Equity | — | 0.79 | 0.61 | 0.73 | 0.86 | 1.01 | 1.31 | 1.42 | 1.24 | 0.96 | 0.96 |
| Net Debt / EBITDA | 2.32 | 2.32 | 2.86 | 3.64 | 4.07 | 4.28 | 5.91 | 4.60 | 4.31 | 3.42 | 3.04 |
| Debt / FCF | — | 20.54 | 4.57 | 6.72 | 17.14 | 7.61 | 6.81 | 12.18 | 8.69 | 5.21 | 4.99 |
| Interest Coverage | 3.53 | 3.53 | 2.36 | 2.31 | 2.61 | 1.80 | 1.72 | 3.33 | — | 3.80 | 4.37 |
CXW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.66x means CoreCivic, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.60x to 1.66x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.66 | 1.66 | 1.57 | 1.60 | 1.14 | 1.84 | 2.29 | 1.18 | 1.02 | 1.13 | 1.10 |
| Quick Ratio | 1.66 | 1.66 | 1.57 | 1.60 | 1.14 | 1.84 | 2.29 | 1.18 | 0.96 | 1.13 | 1.10 |
| Cash Ratio | 0.30 | 0.30 | 0.38 | 0.41 | 0.33 | 0.88 | 0.36 | 0.25 | 0.14 | 0.18 | 0.14 |
| Asset Turnover | — | 0.68 | 0.67 | 0.61 | 0.57 | 0.53 | 0.51 | 0.52 | 0.50 | 0.54 | 0.57 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 61.65 | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CXW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CoreCivic, Inc. returns 10.9% to shareholders annually — split between a 0.0% dividend yield and 10.9% buyback yield. The payout ratio of 0.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% | 13.4% | 10.1% | 9.6% | 7.5% | 8.9% |
| Payout Ratio | 0.0% | 0.0% | 0.2% | 0.2% | 0.7% | — | 191.5% | 110.9% | 128.3% | 112.5% | 116.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.1% | 5.7% | 2.9% | 4.1% | 8.9% | — | 6.9% | 9.1% | 7.5% | 6.7% | 7.6% |
| FCF Yield | 2.6% | 2.6% | 8.1% | 9.7% | 5.2% | 15.2% | 34.3% | 7.8% | 9.5% | 10.0% | 9.8% |
| Buyback Yield | 10.9% | 11.1% | 3.2% | 2.6% | 5.8% | 0.1% | 0.5% | 0.2% | 0.1% | 0.2% | 0.1% |
| Total Shareholder Yield | 10.9% | 11.1% | 3.2% | 2.6% | 5.9% | 0.3% | 13.8% | 10.3% | 9.8% | 7.7% | 9.0% |
| Shares Outstanding | — | $108M | $112M | $115M | $119M | $120M | $121M | $119M | $119M | $118M | $118M |
Peer Comparison
Compare CXW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CXWYou | $2B | 19.6 | 6.7 | 38.8 | 23.5% | 15.8% | 8.0% | 10.7% | 2.6 |
 GEO | $3B | 12.2 | 11.9 | — | 25.2% | 9.8% | 17.9% | 6.2% | 4.4 |
 ABM | $2B | 15.7 | 9.2 | 15.4 | 11.7% | 3.7% | 9.1% | 7.5% | 3.9 |
 CTAS | $68B | 38.5 | 24.7 | 38.8 | 50.0% | 22.8% | 40.3% | 25.8% | 0.9 |
 ENSG | $10B | 30.1 | 25.9 | 27.7 | 13.7% | 8.6% | 16.9% | 7.0% | 7.7 |
 ADUS | $2B | 18.5 | 12.4 | 17.4 | 32.5% | 9.7% | 9.3% | 8.8% | 1.3 |
 AXON | $31B | 255.5 | 1508.1 | 414.1 | 59.7% | -2.2% | 4.5% | -1.3% | 90.6 |
 MSA | $7B | 24.5 | 15.2 | 22.8 | 46.5% | 21.4% | 22.2% | 17.9% | 1.3 |
 LDOS | $17B | 12.1 | 9.0 | 10.5 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 CACI | $11B | 22.4 | 14.9 | 22.9 | 8.9% | 8.9% | 13.5% | 9.2% | 3.5 |
 BAH | $13B | 10.5 | 10.6 | 14.2 | 54.8% | 11.4% | 91.2% | 24.3% | 2.7 |
| Real Estate Median | — | 24.3 | 16.7 | 15.7 | 50.7% | 25.0% | 3.5% | 2.6% | 7.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCXW — Frequently Asked Questions
Quick answers to the most common questions about buying CXW stock.
What is CoreCivic, Inc.'s P/E ratio?
CoreCivic, Inc.'s current P/E ratio is 19.6x. The historical average is 21.1x. This places it at the 64th percentile of its historical range.
What is CoreCivic, Inc.'s EV/EBITDA?
CoreCivic, Inc.'s current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
What is CoreCivic, Inc.'s ROE?
CoreCivic, Inc.'s return on equity (ROE) is 8.0%. The historical average is 6.8%.
Is CXW stock overvalued?
Based on historical data, CoreCivic, Inc. is trading at a P/E of 19.6x. This is at the 64th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is CoreCivic, Inc.'s dividend yield?
CoreCivic, Inc.'s current dividend yield is 0.00% with a payout ratio of 0.0%.
What are CoreCivic, Inc.'s profit margins?
CoreCivic, Inc. has 23.5% gross margin and 15.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does CoreCivic, Inc. have?
CoreCivic, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.