CoreCivic Inc (CXW)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 91,963 | 95,823 | 165,302 | 86,103 | 59,724 |
| Revenue | US$ in thousands | 1,961,650 | 1,896,640 | 1,845,330 | 1,862,620 | 1,905,480 |
| Pretax margin | 4.69% | 5.05% | 8.96% | 4.62% | 3.13% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $91,963K ÷ $1,961,650K
= 4.69%
CoreCivic Inc's pretax margin has shown fluctuations over the past five years. In 2020, the pretax margin was at 3.13%, indicating that for every dollar of revenue generated, the company retained 3.13 cents before taxes.
There was a significant increase in the pretax margin in 2022, reaching 8.96%. This substantial improvement suggests effective cost management or revenue growth strategies during that period.
However, in the following years, the pretax margin decreased. In 2023, it dropped to 5.05%, and in 2024, it further declined to 4.69%. This downward trend might indicate challenges faced by the company in controlling costs or maintaining profitability.
Overall, the pretax margin trend shows variability in CoreCivic Inc's ability to convert its revenue into profit before taxes. Further analysis into the factors influencing these fluctuations would provide a more detailed understanding of the company's financial performance.
Peer comparison
Dec 31, 2024