CoreCivic Inc (CXW)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 68,868 | 67,590 | 122,320 | -51,896 | 55,338 |
| Revenue | US$ in thousands | 1,961,650 | 1,896,640 | 1,845,330 | 1,862,620 | 1,905,480 |
| Net profit margin | 3.51% | 3.56% | 6.63% | -2.79% | 2.90% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $68,868K ÷ $1,961,650K
= 3.51%
CoreCivic Inc's net profit margin has displayed fluctuations over the past five years. As of December 31, 2020, the net profit margin stood at 2.90%, indicating that the company was able to retain approximately 2.90% of its total revenue as profit after covering all expenses.
However, by December 31, 2021, the net profit margin turned negative, reaching -2.79%. This suggests that CoreCivic Inc incurred more expenses than the revenue it generated, leading to a loss for that particular period.
The following year, by December 31, 2022, the net profit margin significantly improved to 6.63%, indicating better cost management and higher profitability compared to the previous year.
In December 31, 2023, the net profit margin decreased slightly to 3.56%, but remained at a positive level, indicating a reasonable level of profitability.
By the end of December 31, 2024, the net profit margin further decreased to 3.51%, indicating a slight decline in profitability compared to the previous year.
Overall, CoreCivic Inc's net profit margin performance has experienced fluctuations, with a mix of positive and negative margins over the five-year period. It is essential for the company to closely monitor its expenses and revenue generation to sustain and enhance profitability in the future.
Peer comparison
Dec 31, 2024