CoreCivic Inc (CXW)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 67,590 | 65,559 | 119,985 | 115,717 | 122,320 | 125,920 | 87,614 | 92,675 | -51,896 | -106,736 | -110,031 | -103,468 | 54,157 | 122,934 | 145,211 | 171,603 | 188,886 | 188,151 | 180,151 | 170,770 |
| Revenue (ttm) | US$ in thousands | 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 | 1,980,689 | 1,965,073 | 1,919,279 | 1,878,914 |
| Net profit margin | 3.56% | 3.49% | 6.46% | 6.25% | 6.63% | 6.82% | 4.73% | 4.98% | -2.79% | -5.73% | -5.91% | -5.54% | 2.84% | 6.37% | 7.37% | 8.63% | 9.54% | 9.57% | 9.39% | 9.09% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $67,590K ÷ $1,896,635K
= 3.56%
Over the past eight quarters, CoreCivic Inc's net profit margin has exhibited some fluctuations. The net profit margin represents the percentage of revenue that translates into profit after all expenses have been deducted. In Q2 and Q3 of 2023, the company reported relatively higher net profit margins of 6.46% and 6.82% respectively, suggesting improved profitability. However, in Q4 2023, the net profit margin decreased slightly to 3.56%. This decline can be concerning as it indicates a lower proportion of revenue is being converted into profit compared to the previous quarters. It is important for investors and stakeholders to monitor this metric closely to assess the company's efficiency in managing costs and generating profits.
Peer comparison
Dec 31, 2023