CoreCivic Inc (CXW)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 67,590 | 122,320 | -51,896 | 54,157 | 188,886 |
| Revenue | US$ in thousands | 1,896,640 | 1,845,330 | 1,862,620 | 1,905,480 | 1,980,690 |
| Net profit margin | 3.56% | 6.63% | -2.79% | 2.84% | 9.54% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $67,590K ÷ $1,896,640K
= 3.56%
The net profit margin of CoreCivic Inc has fluctuated over the past five years. In comparison to previous years, the company's net profit margin was highest in 2019 at 9.54%, indicating that for every dollar of revenue generated, CoreCivic retained $0.0954 as profit.
In 2021, the net profit margin dropped to -2.79%, indicating that the company had a net loss equivalent to 2.79% of its revenue. However, by 2022, the net profit margin had improved to 6.63%, signifying a return to profitability and an increase in the proportion of revenue retained as profit.
As of December 31, 2023, CoreCivic's net profit margin stood at 3.56%, reflecting a decrease compared to the previous year. This indicates that the company retained $0.0356 as profit for every dollar of revenue generated, suggesting a decrease in profitability from the prior year.
Overall, CoreCivic's net profit margin has shown variability in recent years, potentially influenced by factors such as operating costs, revenue changes, and strategic decisions impacting the company's bottom line performance.
Peer comparison
Dec 31, 2023