CXW Industrials

CoreCivic, Inc.

$30.97+2.11%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Industrials
Industry: Security & Protection Services
Country: United States
Market cap: 3.1B USD
Enterprise value: 4.3B USD
Full-time employees: 13,651

Overall health

Drawback: more debt relative to equity (0.94× vs a peer median of 0.40×)more debt vs equity (0.94× vs peers 0.40×)
About average: profitability, valuation and risk (debt, liquidity and share-price swings)profitability, valuation and risk

Ranks #913 of 2,308 industrials companies (top 40%)

See how it ranks against its peers

Worth knowing

Profit isn't fully turning into cash. Free cash flow is only 46% of reported profit.
Free cash flow is only 46% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Profit below an unusually strong 2022. Since 2022 (an unusually strong year for operating profit): revenue +20%, operating profit −4.2%.Since 2022: revenue +20%, operating profit −4.2%.
Since 2022, CoreCivic's revenue changed +20% while operating profit fell 4.2%: costs rose faster than sales.
Share count shrinking. Shares outstanding down 14% from December 2022 to July 2026.
CoreCivic had 14% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Fast revenue growth. Revenue grew 24% in the 12 months to June 2026 vs the 12 months before, faster than 89% of peers.
Revenue grew 24% in the 12 months to June 2026 vs the 12 months before, faster than 89% of its peers.

StockQuotient Score

56/ 100

Oct 5 55 → Nov 4 56 (+1)

Valuation

Is the price right?

53/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Mixed versus peers:

▲ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.2%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.14Sector median: 0.0377 · MAD: 0.0294

EBITDA yield8.9%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 0.46Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield1.9%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.48Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield47.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

84/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 6.3%

Why

Stronger than most peers on:

▲ Revenue growth
▲ EPS growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth33.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.05Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth10.2%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.95Sector median: 0.0421 · MAD: 0.0625

Revenue growth24.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.61Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

52/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Helped by:

▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin10.0%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score 0.44Sector median: 0.0773 · MAD: 0.0507

Return on assets3.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.25Sector median: 0.0311 · MAD: 0.0241

Return on invested capital7.4%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score 0.04Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin22.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity8.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Held back by:

▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.57

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.28Sector median: 0.6440 · MAD: 0.2745

Current ratio1.32×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.56Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.94×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.60Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about CoreCivic

Is CoreCivic getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 56/100 since Oct 28, 2026.
How is CoreCivic valued vs its peers?: Priced about in line with its peers. Valuation scores 53/100 against 2,459 industrials peers. EBITDA yield 8.9% vs a peer median of 6.9% (stronger than 61% of peers).EBITDA yield 8.9% vs peers 6.9% (stronger than 61% of peers). Free cash flow yield 1.9% vs a peer median of 3.7% (weaker than 66% of peers).Free cash flow yield 1.9% vs peers 3.7% (weaker than 66% of peers).
Is CoreCivic growing?: Yes, faster than most of its peers. Growth scores 84/100 against 2,459 industrials peers. Revenue growth 24.3% vs a peer median of 4.4% (stronger than 89% of peers).Revenue growth 24.3% vs peers 4.4% (stronger than 89% of peers).
How profitable is CoreCivic?: About as profitable as its peers. Profitability scores 52/100 against 2,459 industrials peers. Operating margin 10.0% vs a peer median of 7.7% (stronger than 61% of peers).Operating margin 10.0% vs peers 7.7% (stronger than 61% of peers).
How risky is CoreCivic?: Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.94× vs a peer median of 0.40× (weaker than 75% of peers).Debt / equity 0.94× vs peers 0.40× (weaker than 75% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.3B USD	2.5B USD	+6.3%
Net income (12 months)	129.3M USD	127.9M USD	−1.1%
Free cash flow (12 months)	25.9M USD	59.0M USD	+127.6%
Debt	1.4B USD	1.4B USD	−3.5%
Cash	209.7M USD	108.9M USD	−48.0%
Shares outstanding	98.9M	98.9M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Security & Protection Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	4.6%	8.9%	5.0%	4.6%	7.1%	▲ 2.6 pts
Net margin	-2.8%	6.6%	3.6%	3.5%	5.3%	▲ 1.8 pts
Return on assets (ROA)	-1.5%	3.8%	2.2%	2.3%	3.6%	▲ 1.2 pts
Return on equity (ROE)	-3.8%	8.5%	4.6%	4.6%	8.3%	▲ 3.7 pts
Free cash flow margin	9.8%	3.8%	8.7%	10.1%	2.4%	▼ 7.7 pts
Current ratio	1.84×	1.14×	1.60×	1.57×	1.66×	▲ 5.3%
Debt to equity	1.13×	0.88×	0.75×	0.67×	0.88×	▲ 31%
Interest coverage	1.01×	1.93×	1.31×	1.33×	2.53×	▲ 90%

CXW price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: more debt relative to equity (0.94× vs a peer median of 0.40×)more debt vs equity (0.94× vs peers 0.40×)

About average: profitability, valuation and risk (debt, liquidity and share-price swings)profitability, valuation and risk

Ranks #913 of 2,308 industrials companies (top 40%)

See how it ranks against its peers

Worth knowing

Profit isn't fully turning into cash. Free cash flow is only 46% of reported profit.

Free cash flow is only 46% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

Profit below an unusually strong 2022. Since 2022 (an unusually strong year for operating profit): revenue +20%, operating profit −4.2%.Since 2022: revenue +20%, operating profit −4.2%.

Since 2022, CoreCivic's revenue changed +20% while operating profit fell 4.2%: costs rose faster than sales.

Share count shrinking. Shares outstanding down 14% from December 2022 to July 2026.

CoreCivic had 14% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Fast revenue growth. Revenue grew 24% in the 12 months to June 2026 vs the 12 months before, faster than 89% of peers.

Revenue grew 24% in the 12 months to June 2026 vs the 12 months before, faster than 89% of its peers.

Questions investors ask about CoreCivic

Is CoreCivic getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 56/100 since Oct 28, 2026.

How is CoreCivic valued vs its peers?

Priced about in line with its peers. Valuation scores 53/100 against 2,459 industrials peers. EBITDA yield 8.9% vs a peer median of 6.9% (stronger than 61% of peers).EBITDA yield 8.9% vs peers 6.9% (stronger than 61% of peers). Free cash flow yield 1.9% vs a peer median of 3.7% (weaker than 66% of peers).Free cash flow yield 1.9% vs peers 3.7% (weaker than 66% of peers).

Is CoreCivic growing?

Yes, faster than most of its peers. Growth scores 84/100 against 2,459 industrials peers. Revenue growth 24.3% vs a peer median of 4.4% (stronger than 89% of peers).Revenue growth 24.3% vs peers 4.4% (stronger than 89% of peers).

How profitable is CoreCivic?

About as profitable as its peers. Profitability scores 52/100 against 2,459 industrials peers. Operating margin 10.0% vs a peer median of 7.7% (stronger than 61% of peers).Operating margin 10.0% vs peers 7.7% (stronger than 61% of peers).

How risky is CoreCivic?

Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.94× vs a peer median of 0.40× (weaker than 75% of peers).Debt / equity 0.94× vs peers 0.40× (weaker than 75% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.3B USD

2.5B USD

+6.3%

Net income (12 months)

129.3M USD

127.9M USD

−1.1%

Free cash flow (12 months)

25.9M USD

59.0M USD

+127.6%

Debt

1.4B USD

1.4B USD

−3.5%

Cash

209.7M USD

108.9M USD

−48.0%

Shares outstanding

98.9M

98.9M

+0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

4.6%

8.9%

5.0%

4.6%

7.1%

▲ 2.6 pts

Net margin

-2.8%

6.6%

3.6%

3.5%

5.3%

▲ 1.8 pts

Return on assets (ROA)

-1.5%

3.8%

2.2%

2.3%

3.6%

▲ 1.2 pts

Return on equity (ROE)

-3.8%

8.5%

4.6%

8.3%

▲ 3.7 pts

Free cash flow margin

9.8%

3.8%

8.7%

10.1%

2.4%

▼ 7.7 pts

Current ratio

1.84×

1.14×

1.60×

1.57×

1.66×

▲ 5.3%

Debt to equity

1.13×

0.88×

0.75×

0.67×

0.88×

▲ 31%

Interest coverage

1.01×

1.93×

1.31×

1.33×

2.53×

▲ 90%