CoreCivic Inc (CXW)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 91,963 | 103,546 | 92,893 | 84,320 | 95,823 | 91,633 | 164,666 | 160,235 | 165,302 | 170,116 | 116,186 | 123,753 | 86,103 | 23,135 | 11,591 | 10,673 | 59,724 | 129,195 | 152,589 | 181,915 |
| Revenue (ttm) | US$ in thousands | 1,961,646 | 1,973,599 | 1,965,746 | 1,939,319 | 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 |
| Pretax margin | 4.69% | 5.25% | 4.73% | 4.35% | 5.05% | 4.88% | 8.87% | 8.66% | 8.96% | 9.22% | 6.27% | 6.65% | 4.62% | 1.24% | 0.62% | 0.57% | 3.13% | 6.69% | 7.75% | 9.15% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $91,963K ÷ $1,961,646K
= 4.69%
The pretax margin of CoreCivic Inc has shown some fluctuations over the reported periods. It decreased from 9.15% in March 2020 to 0.57% in March 2021, reflecting a significant decline in profitability. However, there was a slight improvement in the pretax margin to 6.65% by March 2022. Subsequently, the pretax margin fluctuated between 4.35% and 9.22% until December 2024, indicating some volatility in the company's earnings before taxes.
Overall, CoreCivic Inc's pretax margin has demonstrated variability over the reporting periods, with some quarters showing stronger profitability compared to others. The company may need to focus on implementing strategies to maintain or improve its pretax margin consistently to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2024