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CXW

CoreCivic, Inc.

CXW

CoreCivic, Inc. • NYSE
$18.05 ▲ 0.95% (+0.17)
Market Cap $1.96 B
52w High $23.85
52w Low $15.95
Dividend Yield 0%
P/E 18.05
Volume 492.88K
Outstanding Shares 108.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $580.437M ▲ $45.288M ▼ $26.309M ▼ 4.533% ▼ $0.24 ▼ $86.576M ▼
Q2-2025 $538.165M ▲ $74.99M ▲ $38.543M ▲ 7.162% ▲ $0.35 ▲ $95.906M ▲
Q1-2025 $488.627M ▲ $66.534M ▼ $25.113M ▲ 5.14% ▲ $0.23 ▲ $77.839M ▲
Q4-2024 $479.293M ▼ $72.44M ▼ $19.275M ▼ 4.022% ▼ $0.17 ▼ $72.751M ▼
Q3-2024 $491.558M $73.402M $21.096M 4.292% $0.19 $78.418M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $71.775M ▼ $3.11B ▲ $1.64B ▲ $1.47B ▼
Q2-2025 $130.524M ▲ $3.072B ▲ $1.594B ▲ $1.478B ▲
Q1-2025 $74.498M ▼ $3.002B ▲ $1.527B ▲ $1.475B ▼
Q4-2024 $107.487M ▼ $2.932B ▲ $1.439B ▲ $1.493B ▲
Q3-2024 $107.85M $2.914B $1.438B $1.476B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $26.309M ▼ $53.775M ▼ $-106.701M ▼ $-18.25M ▼ $-71.176M ▼ $15.561M ▼
Q2-2025 $38.543M ▲ $96.712M ▲ $-35.081M ▼ $-6.604M ▲ $55.027M ▲ $61.948M ▲
Q1-2025 $25.113M ▲ $44.484M ▲ $-24.982M ▼ $-53.688M ▼ $-34.186M ▼ $18.355M ▲
Q4-2024 $19.275M ▼ $39.273M ▼ $-19.027M ▼ $-15.7M ▲ $4.546M ▼ $17.074M ▼
Q3-2024 $21.096M $91.467M $-13.423M $-28.163M $49.881M $73.41M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Community Segment
Community Segment
 $60.00M ▲$30.00M ▼$30.00M ▲$30.00M ▲
Properties Segment
Properties Segment
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Safety Segment
Safety Segment
 $900.00M ▲$450.00M ▼$500.00M ▲$550.00M ▲

Five-Year Company Overview

Income Statement

Income Statement CoreCivic’s income statement shows a fairly steady, slow‑moving business. Revenue has hovered in a tight range for several years, suggesting a mature, contract‑driven model rather than a growth story. Profitability dipped a few years ago but has since recovered, with recent margins looking healthier than the low point. Net income has been positive in most years, though still modest relative to the size of the business, which underlines that this is a stable but not especially high‑margin operation. Overall, earnings look more consistent now than during the pandemic period, but not on a strong upward trajectory.

Balance Sheet

Balance Sheet The balance sheet points to gradual strengthening. Total assets have edged down, which, together with a clear reduction in debt, implies the company has been using cash flow to pay down obligations and streamline its footprint. Leverage has come down meaningfully compared with a few years ago, and shareholders’ equity has inched up, signaling a more conservative financial posture. Cash on hand is not large but appears adequate given the steady cash generation and lower debt load. In short, the company looks financially sturdier and less stretched than earlier in the decade.

Cash Flow

Cash Flow Cash flow is a relative bright spot. CoreCivic generates solid operating cash flow year after year, comfortably covering its capital spending needs. Free cash flow has consistently been positive, even in weaker earnings years, giving the company room to reduce debt and consider shareholder returns. Capital spending has been disciplined and stable, indicating a focus on maintaining and selectively upgrading facilities rather than aggressive expansion. The overall pattern is of a cash‑generative, capital‑intensive business that is using its cash to slowly strengthen its financial position.

Competitive Edge

Competitive Edge CoreCivic operates in a niche with high barriers to entry, and that underpins its competitive position. Long‑standing contracts with federal, state, and local agencies provide recurring revenue and are hard for new entrants to displace. Its scale, decades of operating experience, and ability to run complex, highly regulated facilities create a practical moat. The business is also diversified across detention, reentry, and government real estate solutions, which spreads risk across multiple service lines. The flip side is that the company is heavily exposed to political decisions, regulatory scrutiny, and public opinion, which can quickly change contract terms or demand levels. So the moat is strong, but it sits in a politically sensitive environment.

Innovation and R&D

Innovation and R&D While not a traditional R&D‑heavy company, CoreCivic is leaning into operational and technological innovation. It is rolling out tech‑enabled reentry tools, such as smartphone‑based monitoring, secure laptop networks for education, and software that helps people prepare for employment before release. It is also experimenting with more “normalized” facility designs to support rehabilitation rather than just confinement. These initiatives differentiate its offering and align with the broader shift toward outcomes‑focused corrections. However, the long‑term impact on recidivism and contract wins still needs to be demonstrated with clear data, so the commercial payoff of these innovations remains an evolving story.

Summary

CoreCivic today looks like a steady, cash‑generating operator that has used the last few years to repair and de‑risk its balance sheet. Revenue is stable rather than growing quickly, but profitability and cash flow have improved versus the pandemic period, allowing meaningful debt reduction. Its entrenched relationships with government agencies and high industry barriers provide a durable base business, though one that is highly sensitive to political and regulatory shifts. The company is trying to reposition itself as a partner in rehabilitation through technology and reentry services, and it has idle capacity and real estate expertise that could benefit from changes in policy or infrastructure needs. Overall, this is a mature, policy‑linked business with improving financial resilience, moderate growth prospects, and ongoing reputational and regulatory risk that is central to its long‑term outlook.

NEWS

November 10, 2025 · 8:00 AM UTC

CoreCivic Announces $200 Million Increase to Share Repurchase Authorization

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November 5, 2025 · 4:15 PM UTC

CoreCivic Reports Third Quarter 2025 Financial Results

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October 2, 2025 · 8:00 AM UTC

CoreCivic Announces 2025 Third Quarter Earnings Release and Conference Call Dates

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October 1, 2025 · 8:00 AM UTC

CoreCivic Announces New Contract Award At Diamondback Correctional Facility

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September 29, 2025 · 8:00 AM UTC

CoreCivic Announces New Contract Awards At California City Immigration Processing Center and Midwest Regional Reception Center

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