CoreCivic Inc (CXW)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 68,868 | 76,061 | 68,857 | 64,733 | 67,590 | 65,559 | 119,985 | 115,717 | 122,320 | 125,920 | 87,614 | 92,675 | -51,896 | -106,736 | -110,031 | -103,468 | 55,338 | 124,115 | 146,392 | 172,784 |
| Total stockholders’ equity | US$ in thousands | 1,493,350 | 1,476,220 | 1,447,520 | 1,443,920 | 1,477,570 | 1,458,300 | 1,439,140 | 1,419,730 | 1,432,410 | 1,402,180 | 1,368,940 | 1,391,520 | 1,372,470 | 1,339,360 | 1,286,960 | 1,266,960 | 1,390,170 | 1,412,720 | 1,381,910 | 1,355,400 |
| ROE | 4.61% | 5.15% | 4.76% | 4.48% | 4.57% | 4.50% | 8.34% | 8.15% | 8.54% | 8.98% | 6.40% | 6.66% | -3.78% | -7.97% | -8.55% | -8.17% | 3.98% | 8.79% | 10.59% | 12.75% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $68,868K ÷ $1,493,350K
= 4.61%
CoreCivic Inc's return on equity (ROE) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ROE decreased from 12.75% as of March 31, 2020, to 3.98% by the end of December 31, 2020, indicating a decline in profitability and efficiency in generating returns for shareholders.
Subsequently, the ROE turned negative in the following periods, reaching its lowest point of -8.55% as of June 30, 2021. This negative trend persisted until March 31, 2022, where the ROE reentered positive territory at 6.66%. The ROE continued to improve gradually, reaching 8.98% as of September 30, 2022, demonstrating a recovery in profitability and efficiency.
From September 30, 2022, to December 31, 2024, CoreCivic Inc's ROE fluctuated within a relatively narrower range between 4.48% and 8.54%. Although there were fluctuations, the ROE generally remained positive during this period, reflecting the company's ability to generate returns on the equity invested by shareholders.
Overall, CoreCivic Inc's ROE performance has been variable, with periods of decline and recovery. Investors and analysts may want to closely monitor the company's financial performance and strategic initiatives to assess its future profitability and efficiency in utilizing shareholder equity.
Peer comparison
Dec 31, 2024