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Operator of private correctional facilities and community reentry programs contracted by federal, state and local governments.
Operator of private correctional facilities and community reentry programs contracted by federal, state and local governments.
Is paid a daily rate for each person held in a facility it operates, so occupancy and the number of contracts matter, and facilities that sit empty still carry costs. Federal agencies such as ICE and the Marshals Service are its largest payers, so US detention policy sets demand. It gave up REIT status in 2021.
Moat: narrow (regulatory licence, scale, switching costs). Long-term government contracts and specialized facility infrastructure create high switching costs for the government.
Headquarters: Nashville, Tennessee · Founded: 1983 · Employees: 13,651
Size CoreCivic (CXW) is a United States Industrials company (Miscellaneous Commercial Services) with a market value of $2.84B, the 1585th largest of 3,117 United States companies the cockpit tracks. Shares closed at $28.67 on 6 Nov 2026.
Performance Over six months the shares gained 41.0%, against -1.1% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 24.4% over the last twelve months (peer median +9.1%); the operating margin is 9.9% (peer median 13.3%).
Valuation It trades at 12.1× forward earnings against a peer median of 16.5× (4th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.8 points above its cost of capital (7.2% WACC).
Credit CoreCivic has 1 bond outstanding ($500M), rated BB by the agencies and trading like BB at a weighted spread of 168 bp.
Short interest Short interest is 13.2% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.48B | $2.21B | $1.96B | $1.90B | $1.85B |
| Revenue growth | — | +13% | +3% | +3% | — |
| Gross profit | $424M | $390M | $340M | $307M | $304M |
| EBITDA | $383M | $349M | $316M | $298M | $304M |
| Net income | $128M | $117M | $68.9M | $67.6M | $122M |
| Free cash flow | $57.3M | $54.0M | $198M | $162M | $72.2M |
| Capital expenditure | $143M | $141M | $71.2M | $70.3M | $84.6M |
| Total debt | $1.35B | $1.35B | $1.01B | $1.21B | $1.39B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CoreCivic CXW | $2.84B | +41% | +24% | 10% | 12.1× | -1.6% |
| GEO GEO | $3.66B | +28% | +15% | 12% | 13.5× | 6.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CXW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.3% | -0.7% | 7th lowest of 21 |
| 6-month return | +41.0% | -1.1% | 3rd highest of 21 |
| Distance from 52-week high | -21.6% | -30.8% | 10th highest of 21 |
| Revenue growth (TTM) | +24.4% | +9.1% | 6th highest of 21 |
| Operating margin | 9.9% | 13.3% | 9th lowest of 21 |
| Forward P/E | 12.1× | 16.5× | 4th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -1.6% | -1.3% | 7th least demanding of 15 |
| Growth delivered (Del g) | +3.0% | +11.9% | lowest of 15 |
| Hurdle (Req g minus delivered) | -4.6 pp | -15.3 pp | 4th most demanding of 15 |
| ROIC minus cost of capital | +5.8 pp | +3.2 pp | 6th highest of 18 |
| EV / EBITDA | 7.6× | 9.4× | 5th cheapest of 12 |
| Net debt / EBITDA | 3.2× | 0.2× | 3rd most indebted of 12 |
| Bond spread | 168 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CoreCivic CXW | United States | $2.84B | +41% | +24% | 10% | 12.1× | -1.6% | +3.0% |
| Inventurus Knowledge Solutions IKS.NS | India | $2.94B | -2% | +20% | 31% | 31.8× | 21.2% | +45.8% |
| Jiangsu Boqian New Materials Stock 605376.SS | China | $2.94B | -43% | +76% | 20% | 38.8× | n/a | n/a |
| Pluxee PLX.PA | France | $2.72B | 0% | +1% | 28% | 8.9× | n/a | n/a |
| TriNet TNET | United States | $3.05B | +56% | -4% | 6% | 15.1× | -3.3% | +4.4% |
| Huron Consulting HURN | United States | $2.63B | +39% | +12% | 12% | 16.5× | -4.0% | +14.3% |
| International Workplace IWG.L | United Kingdom | $2.63B | +12% | 0% | 4% | 22.5× | 33.6% | +3.3% |
| JHT Design 603061.SS | China | $3.07B | -8% | +93% | 34% | n/a | 43.9% | +30.4% |
| Hui Lyu Ecological Technology Groups 001267.SZ | China | $2.61B | -59% | +90% | 10% | 71.6× | n/a | n/a |
| ABM Industries ABM | United States | $3.10B | +32% | +6% | 5% | 12.5× | -2.0% | +7.9% |
| Jianshe Industry Group (Yunnan) 002265.SZ | China | $3.12B | -11% | +42% | 5% | n/a | 26.3% | +47.9% |
| CECEP Environmental Protection 300140.SZ | China | $2.51B | -18% | -2% | 23% | n/a | -1.2% | +26.0% |
| Visional 4194.T | Japan | $2.51B | +32% | +24% | 25% | 20.2× | -2.4% | +28.2% |
| KWS SAAT SE & Co KGaA KWS.DE | Germany | $2.48B | -12% | -3% | 15% | 13.2× | -8.2% | +4.4% |
| S-1 012750.KS | South Korea | $2.45B | +14% | +1% | 7% | 21.8× | -1.2% | +5.4% |
| Shanghai GenTech 688596.SS | China | $2.42B | +56% | +4% | 2% | 76.5× | n/a | n/a |
| Shenzhen Fortune Trend Technology 688318.SS | China | $3.36B | -21% | -3% | 56% | 69.5× | n/a | n/a |
| V2X VVX | United States | $2.39B | +9% | +13% | 4% | 11.3× | -1.4% | +26.3% |
| Ardentec 3264.TWO | Taiwan | $2.36B | -30% | +32% | 30% | 12.3× | 5.2% | +7.7% |
| MAXIMUS MMS | United States | $3.43B | +2% | -3% | 11% | 7.9× | -8.5% | +9.4% |
| Sigurd Microelectronics 6257.TW | Taiwan | $2.33B | -19% | +12% | 22% | 14.0× | n/a | n/a |
CoreCivic has 1 bond outstanding with $500M face value. The agencies rate it BB; its bonds trade like BB. Weighted yield 5.88%, a spread of 168 bp over government bonds.