CoreCivic Inc (CXW)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 95,734 | 91,605 | 164,638 | 160,207 | 165,320 | 170,116 | 116,186 | 123,753 | 86,103 | 23,135 | 11,591 | 10,673 | 58,543 | 128,014 | 151,422 | 180,748 | 196,755 | 195,271 | 188,613 | 179,688 |
| 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 |
| Pretax margin | 5.05% | 4.88% | 8.86% | 8.66% | 8.96% | 9.22% | 6.27% | 6.65% | 4.62% | 1.24% | 0.62% | 0.57% | 3.07% | 6.63% | 7.69% | 9.09% | 9.93% | 9.94% | 9.83% | 9.56% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $95,734K ÷ $1,896,635K
= 5.05%
CoreCivic Inc's pretax margin has fluctuated over the past eight quarters, ranging from as low as 4.88% to as high as 9.22%. The pretax margin measures the company's efficiency in generating profits before taxes, and a higher pretax margin indicates better profitability.
In the most recent quarter (Q4 2023), the pretax margin was 5.05%, a slight increase from the previous quarter but lower than the same quarter in the previous year. This suggests that the company's profitability slightly improved from the previous quarter but remained below the levels seen a year ago.
While the pretax margin in Q2 2023 and Q1 2023 was notably higher at 8.87% and 8.66% respectively, indicating stronger profitability during those periods, it decreased in subsequent quarters.
Overall, CoreCivic Inc's pretax margin trend has shown some volatility, with fluctuations in profitability levels over the past eight quarters. It would be important for the company to monitor and manage its costs effectively to maintain or improve its pretax margin in the future.
Peer comparison
Dec 31, 2023