Recent News
On August 14, 2025 CoreCivic announced a new intergovernmental services agreement to resume operations at the 600‑bed West Tennessee Detention Facility under an IGSA through August 2030. On August 18, 2025 the Board named Patrick D. Swindle to succeed Damon T. Hininger as Chief Executive Officer, with Hininger remaining a special advisor during the transition. On September 27–29, 2025 reporting highlighted renewed ICE contracts and facility reactivations, including coverage of detainee conditions at the California City facility and a CoreCivic release announcing new ICE contract awards totaling nearly 3,600 beds.
Technical Analysis
Directional indicators show an emerging trend strength with ADX at 20.81, while DI+ increasing and DI– decreasing indicate a shift toward bullish directional momentum; that directional tilt supports the notion of near-term upside pressure relative to current valuation.
MACD sits at –0.46 with the MACD line above the signal line (MACD signal –0.52) and the MACD trend increasing, a bullish momentum cross despite the MACD remaining below zero; that cross suggests momentum has recently turned constructive and can support short-term strength around current levels.
Price trades below longer-term averages—200‑day average $20.54 and 50‑day average $19.85—while staying above the 20‑day average $18.23 and inside the upper Bollinger band; that configuration implies short‑term upward pressure inside a still‑below‑average longer‑term context, with the SuperTrend upper boundary at $19.11 acting as nearby overhead resistance.
MRO at 9.34 sits positive, indicating price sits above WMDST’s target and carries a tendency toward retracement; the MRO dip‑and‑reversal signal reflects a recent shift back toward range behavior rather than runaway continuation.
RSI at 41.91 with a peak‑and‑reversal pattern signals recent loss of upward momentum and room to consolidate or correct before any sustainable advance; combined with lower average volume versus longer averages, expect constrained directional follow‑through until momentum confirms.
Fundamental Analysis
Total revenue recorded at $538,165,000 with net income of $38,543,000 and adjusted diluted EPS of $0.36, which beat the $0.21 estimate by $0.15 (a 71.43% surprise). The company raised full‑year 2025 guidance alongside these results.
Operating performance shows an operating margin of 12.05% and an EBIT margin of 12.04%, with QoQ improvement in EBIT margin of 24.34% and YoY improvement of 32.06%; the EBIT margin sits below the industry peer mean of 33.74% and below the industry peer median of 32.525% while remaining above the industry peer low of –23.601%.
Cash flow and liquidity present strengths: free cash flow of $61,948,000 produces a free cash flow yield of 2.79%, above the industry peer mean of 0.72% and inside the industry peer range; operating cash flow of $96,712,000 and cash and short‑term investments of $130,524,000 support near‑term obligations while cash conversion to earnings runs at 1.61x.
Leverage shows contrasts: total debt $1,020,468,000 and net debt $889,944,000 yield debt‑to‑EBITDA of 10.64x, reflecting elevated leverage versus typical coverage norms. Debt‑to‑assets at 33.22% and debt‑to‑equity at 69.07% sit below the industry peer mean, while interest coverage at 5.17x stands above the industry peer mean of 3.55x, indicating adequate coverage despite absolute leverage levels.
Profitability metrics reveal constrained returns: return on equity 2.61% under the industry peer mean of 4.94%, and gross margin of 25.98% below the industry peer mean of 54.50%. Asset turnover at 0.1772 registers above the industry peer mean of 0.05227, reflecting efficient revenue generation from assets relative to peers.
Valuation context: enterprise value $3,112,929,997 with an enterprise multiple of 32.46 and a price‑to‑book ratio of 1.50. WMDST values the stock as under‑valued given the combination of improving cash flow, recent contract awards and a valuation multiple that implies upside if operational improvements persist. Do not extrapolate beyond reported metrics when assessing sustainability.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-06 |
| NEXT REPORT DATE: | 2025-11-05 |
| CASH FLOW | Begin Period Cash Flow | $ 87.9 M |
| Operating Cash Flow | $ 96.7 M | |
| Capital Expenditures | $ -34.76 M | |
| Change In Working Capital | $ 17.3 M | |
| Dividends Paid | $ -45.00 K | |
| Cash Flow Delta | $ 55.0 M | |
| End Period Cash Flow | $ 143.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 538.2 M | |
| Forward Revenue | $ 78.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 398.3 M | |
| Depreciation | $ 31.1 M | |
| Depreciation and Amortization | $ 31.1 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 473.3 M | |
| PROFITABILITY | ||
| Gross Profit | $ 139.8 M | |
| EBITDA | $ 95.9 M | |
| EBIT | $ 64.8 M | |
| Operating Income | $ 64.8 M | |
| Interest Income | — | |
| Interest Expense | $ 12.5 M | |
| Net Interest Income | $ -12.54 M | |
| Income Before Tax | $ 52.3 M | |
| Tax Provision | $ 13.7 M | |
| Tax Rate | 26.246 % | |
| Net Income | $ 38.5 M | |
| Net Income From Continuing Operations | $ 38.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.21 | |
| EPS Actual | $ 0.36 | |
| EPS Difference | $ 0.15 | |
| EPS Surprise | 71.429 % | |
| Forward EPS | $ 0.21 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.1 B | |
| Intangible Assets | $ 4.8 M | |
| Net Tangible Assets | $ 1.5 B | |
| Total Current Assets | $ 487.4 M | |
| Cash and Short-Term Investments | $ 130.5 M | |
| Cash | $ 130.5 M | |
| Net Receivables | $ 300.4 M | |
| Inventory | — | |
| Long-Term Investments | $ 332.1 M | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 13.9 M | |
| Total Current Liabilities | $ 304.0 M | |
| Net Debt | $ 889.9 M | |
| Total Debt | $ 1.0 B | |
| Total Liabilities | $ 1.6 B | |
| EQUITY | ||
| Total Equity | $ 1.5 B | |
| Retained Earnings | $ -176.32 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 13.77 | |
| Shares Outstanding | 107.311 M | |
| Revenue Per-Share | $ 5.01 | |
| VALUATION | Market Capitalization | $ 2.2 B |
| Enterprise Value | $ 3.1 B | |
| Enterprise Multiple | 32.458 | |
| Enterprise Multiple QoQ | -20.729 % | |
| Enterprise Multiple YoY | 68.06 % | |
| Enterprise Multiple IPRWA | high: 147.268 median: 91.71 mean: 83.102 low: 35.864 CXW: 32.458 |
|
| EV/R | 5.784 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.079 | |
| Asset To Liability | 1.927 | |
| Debt To Capital | 0.409 | |
| Debt To Assets | 0.332 | |
| Debt To Assets QoQ | 1.488 % | |
| Debt To Assets YoY | 8042.647 % | |
| Debt To Assets IPRWA | high: 1.375 mean: 0.605 median: 0.562 CXW: 0.332 low: 0.098 |
|
| Debt To Equity | 0.691 | |
| Debt To Equity QoQ | 3.665 % | |
| Debt To Equity YoY | 8353.611 % | |
| Debt To Equity IPRWA | high: 4.161 median: 1.551 mean: 1.408 CXW: 0.691 low: -2.998 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.505 | |
| Price To Book QoQ | -2.601 % | |
| Price To Book YoY | 42.13 % | |
| Price To Book IPRWA | high: 5.536 mean: 2.723 median: 2.598 CXW: 1.505 low: -4.845 |
|
| Price To Earnings (P/E) | 58.118 | |
| Price To Earnings QoQ | -35.876 % | |
| Price To Earnings YoY | -28.898 % | |
| Price To Earnings IPRWA | high: 444.318 mean: 221.4 median: 216.919 CXW: 58.118 low: -238.311 |
|
| PE/G Ratio | 1.028 | |
| Price To Sales (P/S) | 4.131 | |
| Price To Sales QoQ | -11.429 % | |
| Price To Sales YoY | 32.122 % | |
| Price To Sales IPRWA | high: 57.098 median: 34.56 mean: 29.487 CXW: 4.131 low: 0.697 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 101.043 | |
| Forward PE/G | 1.788 | |
| Forward P/S | 28.259 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.643 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.177 | |
| Asset Turnover Ratio QoQ | 7.603 % | |
| Asset Turnover Ratio YoY | 7.212 % | |
| Asset Turnover Ratio IPRWA | CXW: 0.177 high: 0.174 mean: 0.052 median: 0.042 low: -0.003 |
|
| Receivables Turnover | 1.848 | |
| Receivables Turnover Ratio QoQ | 7.926 % | |
| Receivables Turnover Ratio YoY | 3.296 % | |
| Receivables Turnover Ratio IPRWA | high: 9.734 median: 3.342 mean: 2.921 CXW: 1.848 low: -1.874 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 49.385 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.933 | |
| CapEx To Revenue | -0.065 | |
| CapEx To Depreciation | -1.118 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.5 B | |
| Net Invested Capital | $ 2.5 B | |
| Invested Capital | $ 2.5 B | |
| Net Tangible Assets | $ 1.5 B | |
| Net Working Capital | $ 183.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.429 | |
| Current Ratio | 1.604 | |
| Current Ratio QoQ | 3.413 % | |
| Current Ratio YoY | 11.562 % | |
| Current Ratio IPRWA | high: 9.59 CXW: 1.604 mean: 1.243 median: 0.905 low: 0.271 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 10.64 | |
| Cost Of Debt | 0.923 % | |
| Interest Coverage Ratio | 5.168 | |
| Interest Coverage Ratio QoQ | 66.331 % | |
| Interest Coverage Ratio YoY | 97.856 % | |
| Interest Coverage Ratio IPRWA | high: 8.667 CXW: 5.168 mean: 3.548 median: 2.5 low: -4.816 |
|
| Operating Cash Flow Ratio | 0.169 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 856.511 | |
| Dividend Payout Ratio | 0.001 | |
| Dividend Rate | $ 0.00 | |
| Dividend Yield | 0.0 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.305 % | |
| Revenue Growth | 10.138 % | |
| Revenue Growth QoQ | 420.699 % | |
| Revenue Growth YoY | -579.792 % | |
| Revenue Growth IPRWA | high: 28.48 % CXW: 10.138 % mean: 3.837 % median: 2.501 % low: -26.827 % |
|
| Earnings Growth | 56.522 % | |
| Earnings Growth QoQ | 60.146 % | |
| Earnings Growth YoY | -49.758 % | |
| Earnings Growth IPRWA | high: 366.667 % CXW: 56.522 % median: -6.897 % mean: -20.941 % low: -256.0 % |
|
| MARGINS | ||
| Gross Margin | 25.981 % | |
| Gross Margin QoQ | 11.468 % | |
| Gross Margin YoY | 11.334 % | |
| Gross Margin IPRWA | high: 96.469 % median: 55.696 % mean: 54.502 % CXW: 25.981 % low: 3.604 % |
|
| EBIT Margin | 12.041 % | |
| EBIT Margin QoQ | 24.339 % | |
| EBIT Margin YoY | 32.057 % | |
| EBIT Margin IPRWA | high: 102.62 % mean: 33.74 % median: 32.525 % CXW: 12.041 % low: -23.601 % |
|
| Return On Sales (ROS) | 12.047 % | |
| Return On Sales QoQ | 24.401 % | |
| Return On Sales YoY | 32.123 % | |
| Return On Sales IPRWA | high: 61.301 % mean: 28.629 % median: 22.163 % CXW: 12.047 % low: -1.74 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 61.9 M | |
| Free Cash Flow Yield | 2.787 % | |
| Free Cash Flow Yield QoQ | 246.211 % | |
| Free Cash Flow Yield YoY | -13.259 % | |
| Free Cash Flow Yield IPRWA | high: 3.921 % CXW: 2.787 % median: 0.984 % mean: 0.723 % low: -0.652 % |
|
| Free Cash Growth | 237.499 % | |
| Free Cash Growth QoQ | 3065.387 % | |
| Free Cash Growth YoY | -1629.883 % | |
| Free Cash Growth IPRWA | CXW: 237.499 % high: 177.405 % median: 1.349 % mean: -36.925 % low: -176.271 % |
|
| Free Cash To Net Income | 1.607 | |
| Cash Flow Margin | 9.53 % | |
| Cash Flow To Earnings | 1.331 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.269 % | |
| Return On Assets QoQ | 50.0 % | |
| Return On Assets YoY | 98.592 % | |
| Return On Assets IPRWA | high: 2.201 % CXW: 1.269 % mean: 0.999 % median: 0.947 % low: -0.62 % |
|
| Return On Capital Employed (ROCE) | 2.341 % | |
| Return On Equity (ROE) | 0.026 | |
| Return On Equity QoQ | 53.29 % | |
| Return On Equity YoY | 99.312 % | |
| Return On Equity IPRWA | high: 0.178 mean: 0.049 median: 0.047 CXW: 0.026 low: -0.046 |
|
| DuPont ROE | 2.611 % | |
| Return On Invested Capital (ROIC) | 1.913 % | |
| Return On Invested Capital QoQ | 26.941 % | |
| Return On Invested Capital YoY | -103.012 % | |
| Return On Invested Capital IPRWA | high: 4.362 % mean: 1.927 % CXW: 1.913 % median: 1.542 % low: -1.142 % |
|