CoreCivic Inc (CXW)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 95,823 | 165,320 | 86,103 | 58,543 | 196,725 |
| Revenue | US$ in thousands | 1,896,640 | 1,845,330 | 1,862,620 | 1,905,480 | 1,980,690 |
| Pretax margin | 5.05% | 8.96% | 4.62% | 3.07% | 9.93% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $95,823K ÷ $1,896,640K
= 5.05%
CoreCivic Inc's pretax margin has shown variability over the past five years, ranging from as low as 3.13% in 2020 to as high as 9.93% in 2019. In 2023, the pretax margin decreased to 5.05% from 8.96% in 2022. This decline may indicate a decrease in the company's profitability before accounting for taxes in 2023 compared to the previous year. It is worth noting that a higher pretax margin generally signifies better cost management and higher operational efficiency, while a lower pretax margin may indicate increased expenses relative to revenue. Further analysis of the company's financial performance and factors impacting its profitability would be necessary to better understand the reasons behind the fluctuations in the pretax margin.
Peer comparison
Dec 31, 2023