CoreCivic Inc (CXW)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 771,934 | 383,192 | 369,647 | 389,092 | 401,704 | 430,617 | 420,620 | 426,643 | 431,537 | 451,287 | 488,272 | 512,076 | 525,551 | 516,607 | 503,944 | 492,157 | 499,109 | 504,125 | 523,573 | 548,474 |
| Revenue (ttm) | US$ in thousands | 1,961,646 | 1,973,599 | 1,965,746 | 1,939,319 | 1,896,635 | 1,876,822 | 1,857,328 | 1,850,343 | 1,845,329 | 1,846,029 | 1,853,012 | 1,860,886 | 1,862,616 | 1,863,960 | 1,861,032 | 1,869,102 | 1,905,485 | 1,929,817 | 1,970,073 | 1,987,726 |
| Gross profit margin | 39.35% | 19.42% | 18.80% | 20.06% | 21.18% | 22.94% | 22.65% | 23.06% | 23.39% | 24.45% | 26.35% | 27.52% | 28.22% | 27.72% | 27.08% | 26.33% | 26.19% | 26.12% | 26.58% | 27.59% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $771,934K ÷ $1,961,646K
= 39.35%
CoreCivic Inc's gross profit margin has shown some fluctuations over the period from March 31, 2020, to December 31, 2024, ranging from a low of 18.80% on June 30, 2024, to a high of 39.35% on December 31, 2024. The general trend in the gross profit margin appears to have peaked in late 2024, after a downward trajectory from the end of 2022.
During this period, the company's gross profit margin hovered mostly around the mid-20% range, with some variability. The company experienced a significant increase in the gross profit margin towards the end of 2024, possibly indicating improvements in revenue generation or cost management strategies.
It is essential for investors and stakeholders to monitor these fluctuations in the gross profit margin to understand the company's ability to control production costs, manage pricing strategies, and generate profits from its core operations.
Peer comparison
Dec 31, 2024