CoreCivic Inc (CXW)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 31,711 | 43,839 | 107,895 | 162,662 | 281,564 |
| Revenue | US$ in thousands | 1,896,640 | 1,845,330 | 1,862,620 | 1,905,480 | 1,980,690 |
| Operating profit margin | 1.67% | 2.38% | 5.79% | 8.54% | 14.22% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $31,711K ÷ $1,896,640K
= 1.67%
The operating profit margin of CoreCivic Inc has fluctuated over the past five years. It decreased from 7.99% in 2019 to 11.75% in 2020, before further increasing to 13.69% in 2021. However, the margin declined in the subsequent years, reaching 9.53% in 2022 and 9.01% in 2023. This pattern suggests some level of volatility and inconsistency in the company's ability to generate profits from its core operations relative to its revenue during the period under review. Further analysis and examination of the company's operational efficiency and cost structure may be warranted to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2023