Recent News
March 11, 2026 — The Leavenworth City Commission approved a three-year permit with conditions to allow CoreCivic to reopen the Midwest Regional Reception Center to house immigrants, with staffing and oversight requirements specified.
March 9–10, 2026 — Local coverage and court docket activity show continued litigation and scheduling in matters involving CoreCivic operations and class-action proceedings; a federal scheduling order and related filings appeared in early March.
Technical Analysis
ADX at 17.93 indicates no dominant trend; this low trend strength suggests price action remains range-bound and sensitive to news catalysts rather than driven by a persistent directional move, which complements the valuation pressure noted below.
Directional indicators: DI+ at 25.97 shows a peak-and-reversal pattern, which reads as a waning bullish push; DI- at 20.47 also shows a peak-and-reversal, which reads as falling negative pressure. Together these directional signals point to short-term tug-of-war, reducing conviction for a sustained breakout and reinforcing sensitivity to upcoming company or legal news.
MACD sits at 0.33 with the signal line at 0.34 and a peak-and-reversal MACD trend, which indicates bearish momentum; MACD remaining below the signal line reinforces near-term momentum weakness despite a small positive MACD value.
MRO registers -1.72 (negative), implying the price sits below the model target and therefore carries measured upside potential; the MRO trend shows a peak-and-reversal, suggesting that potential has moderated from a prior high.
RSI at 53.85 with an increasing trend signals mild bullish momentum without overbought conditions, supporting the idea that price can absorb episodic positive news but lacks strong momentum to overcome valuation resistance on its own.
Price vs. averages: Last close $20.22 trades above the 200‑day average ($19.35) and above the 50‑day average ($18.87), while the 12‑day EMA is rising—these position the market price slightly above multi-horizon averages, meaning positive short-term momentum faces valuation and liquidity friction noted below.
Fundamental Analysis
Profitability: EBIT $54,098,000 produces an EBIT margin of 8.96%, up 5.08% year-over-year but down 2.25% quarter-over-quarter. The EBIT margin sits below the industry peer mean of 34.05% and below the industry peer median of 18.76%, indicating lower operating profitability relative to peers on a margin basis.
Earnings: Reported EPS $0.27 exceeded the $0.21 estimate, a surprise of $0.06 or a 28.57% beat. Net income totaled $26,538,000 for the period, supporting reported per‑share earnings while reflecting modest absolute profitability.
Cash flow and liquidity: Free cash flow totaled -$41,897,000 with a free cash flow yield of -2.20%, placing CoreCivic below the industry peer low free cash flow yield of -1.51% and well below the industry peer mean of 0.65%. Operating cash flow near break-even and negative free cash flow create pressure on valuation given ongoing capital needs ($41,521,000 capex reported).
Leverage and coverage: Total debt $1,351,150,000 yields a debt/EBITDA of 15.36 and net debt $1,122,809,000; interest coverage ratio 3.03 sits just above the industry peer mean of 2.90, indicating the company can meet interest obligations today but carries material leverage compared with cash generation. Debt-to-equity 0.96 exceeds the industry peer mean of 0.76, signaling relatively higher gearing versus peers.
Growth and efficiency: Revenue $603,953,000 reflects revenue growth of 4.05% year-over-year but a steep quarter-over-quarter decline of 48.43%, while asset turnover stands at 0.1897, above the industry peer mean of 0.0514—showing comparatively efficient use of assets to generate revenue despite recent quarterly softness.
Valuation metrics: Price/Book 1.35 trades below the industry peer mean of 2.94 and median of 2.50; Price/Earnings 70.39 sits well below the industry peer mean of 190.32 and median of 149.41; forward P/E 32.07 indicates market expectations adjust higher for future earnings but still implies elevated multiples relative to underlying cash generation. WMDST values the stock as over-valued, supported by negative free cash flow yield, elevated debt/EBITDA, and margins that lag the industry peer mean.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-11 |
| NEXT REPORT DATE: | 2026-05-13 |
| CASH FLOW | Begin Period Cash Flow | $ 71.8 M |
| Operating Cash Flow | $ -376.00 K | |
| Capital Expenditures | $ -41.52 M | |
| Change In Working Capital | $ -76.05 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 40.7 M | |
| End Period Cash Flow | $ 112.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 604.0 M | |
| Forward Revenue | $ 293.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 469.9 M | |
| Depreciation | $ 33.9 M | |
| Depreciation and Amortization | $ 33.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 548.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 134.1 M | |
| EBITDA | $ 88.0 M | |
| EBIT | $ 54.1 M | |
| Operating Income | $ 55.8 M | |
| Interest Income | — | |
| Interest Expense | $ 17.8 M | |
| Net Interest Income | $ -17.83 M | |
| Income Before Tax | $ 36.3 M | |
| Tax Provision | $ 9.7 M | |
| Tax Rate | 26.826 % | |
| Net Income | $ 26.5 M | |
| Net Income From Continuing Operations | $ 26.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.21 | |
| EPS Actual | $ 0.27 | |
| EPS Difference | $ 0.06 | |
| EPS Surprise | 28.571 % | |
| Forward EPS | $ 0.52 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.3 B | |
| Intangible Assets | $ 16.8 M | |
| Net Tangible Assets | $ 1.4 B | |
| Total Current Assets | $ 611.1 M | |
| Cash and Short-Term Investments | $ 97.9 M | |
| Cash | $ 97.9 M | |
| Net Receivables | $ 446.2 M | |
| Inventory | — | |
| Long-Term Investments | $ 19.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 82.3 M | |
| Short-Term Debt | $ 15.7 M | |
| Total Current Liabilities | $ 368.9 M | |
| Net Debt | $ 1.1 B | |
| Total Debt | $ 1.4 B | |
| Total Liabilities | $ 1.9 B | |
| EQUITY | ||
| Total Equity | $ 1.4 B | |
| Retained Earnings | $ -123.48 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 14.05 | |
| Shares Outstanding | 100.051 M | |
| Revenue Per-Share | $ 6.04 | |
| VALUATION | Market Capitalization | $ 1.9 B |
| Enterprise Value | $ 3.2 B | |
| Enterprise Multiple | 35.855 | |
| Enterprise Multiple QoQ | 1.871 % | |
| Enterprise Multiple YoY | 22.999 % | |
| Enterprise Multiple IPRWA | high: 102.792 median: 96.957 mean: 84.524 CXW: 35.855 low: 24.454 |
|
| EV/R | 5.224 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.318 | |
| Asset To Liability | 1.759 | |
| Debt To Capital | 0.49 | |
| Debt To Assets | 0.415 | |
| Debt To Assets QoQ | 23.701 % | |
| Debt To Assets YoY | 9969.903 % | |
| Debt To Assets IPRWA | high: 1.323 mean: 0.669 median: 0.582 CXW: 0.415 low: 0.097 |
|
| Debt To Equity | 0.962 | |
| Debt To Equity QoQ | 35.543 % | |
| Debt To Equity YoY | 11799.752 % | |
| Debt To Equity IPRWA | high: 1.623 CXW: 0.962 median: 0.886 mean: 0.759 low: -3.156 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.353 | |
| Price To Book QoQ | -3.431 % | |
| Price To Book YoY | -8.813 % | |
| Price To Book IPRWA | high: 5.506 mean: 2.936 median: 2.495 CXW: 1.353 low: -4.181 |
|
| Price To Earnings (P/E) | 70.394 | |
| Price To Earnings QoQ | -13.597 % | |
| Price To Earnings YoY | -40.676 % | |
| Price To Earnings IPRWA | high: 403.004 mean: 190.316 median: 149.41 CXW: 70.394 low: -6.292 |
|
| PE/G Ratio | 5.632 | |
| Price To Sales (P/S) | 3.149 | |
| Price To Sales QoQ | -11.308 % | |
| Price To Sales YoY | -31.904 % | |
| Price To Sales IPRWA | high: 62.093 median: 32.208 mean: 29.684 CXW: 3.149 low: 1.951 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 32.071 | |
| Forward PE/G | 2.566 | |
| Forward P/S | 5.71 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 0.422 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.19 | |
| Asset Turnover Ratio QoQ | 1.028 % | |
| Asset Turnover Ratio YoY | 15.697 % | |
| Asset Turnover Ratio IPRWA | CXW: 0.19 high: 0.093 mean: 0.051 median: 0.043 low: 0.012 |
|
| Receivables Turnover | 1.514 | |
| Receivables Turnover Ratio QoQ | -14.966 % | |
| Receivables Turnover Ratio YoY | -12.544 % | |
| Receivables Turnover Ratio IPRWA | high: 4.698 mean: 2.737 median: 2.256 CXW: 1.514 low: 0.167 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 60.255 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 235.19 CXW: 0 median: -15.572 mean: -54.574 low: -567.871 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.493 | |
| CapEx To Revenue | -0.069 | |
| CapEx To Depreciation | -1.225 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.6 B | |
| Net Invested Capital | $ 2.6 B | |
| Invested Capital | $ 2.6 B | |
| Net Tangible Assets | $ 1.4 B | |
| Net Working Capital | $ 242.2 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.265 | |
| Current Ratio | 1.657 | |
| Current Ratio QoQ | 17.466 % | |
| Current Ratio YoY | 5.256 % | |
| Current Ratio IPRWA | high: 9.212 CXW: 1.657 mean: 1.187 median: 1.102 low: 0.255 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 15.356 | |
| Cost Of Debt | 1.16 % | |
| Interest Coverage Ratio | 3.034 | |
| Interest Coverage Ratio QoQ | -5.151 % | |
| Interest Coverage Ratio YoY | 16.545 % | |
| Interest Coverage Ratio IPRWA | high: 8.427 median: 3.197 CXW: 3.034 mean: 2.901 low: -0.677 |
|
| Operating Cash Flow Ratio | -0.737 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 40.786 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.714 % | |
| Revenue Growth | 4.051 % | |
| Revenue Growth QoQ | -48.428 % | |
| Revenue Growth YoY | -262.365 % | |
| Revenue Growth IPRWA | high: 133.084 % CXW: 4.051 % median: 2.369 % mean: 2.011 % low: -33.817 % |
|
| Earnings Growth | 12.5 % | |
| Earnings Growth QoQ | -137.5 % | |
| Earnings Growth YoY | -218.754 % | |
| Earnings Growth IPRWA | high: 200.0 % CXW: 12.5 % mean: 5.749 % median: -3.846 % low: -163.636 % |
|
| MARGINS | ||
| Gross Margin | 22.197 % | |
| Gross Margin QoQ | -1.561 % | |
| Gross Margin YoY | -3.801 % | |
| Gross Margin IPRWA | high: 141.102 % mean: 61.744 % median: 55.376 % CXW: 22.197 % low: 10.448 % |
|
| EBIT Margin | 8.957 % | |
| EBIT Margin QoQ | -2.248 % | |
| EBIT Margin YoY | 5.08 % | |
| EBIT Margin IPRWA | high: 116.153 % mean: 34.049 % median: 18.76 % CXW: 8.957 % low: -13.072 % |
|
| Return On Sales (ROS) | 9.235 % | |
| Return On Sales QoQ | 2.68 % | |
| Return On Sales YoY | 8.341 % | |
| Return On Sales IPRWA | high: 90.826 % mean: 32.24 % median: 21.956 % CXW: 9.235 % low: -25.87 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -41.90 M | |
| Free Cash Flow Yield | -2.203 % | |
| Free Cash Flow Yield QoQ | -391.788 % | |
| Free Cash Flow Yield YoY | -386.104 % | |
| Free Cash Flow Yield IPRWA | high: 3.308 % median: 1.006 % mean: 0.653 % low: -1.51 % CXW: -2.203 % |
|
| Free Cash Growth | -369.244 % | |
| Free Cash Growth QoQ | 393.108 % | |
| Free Cash Growth YoY | 381.15 % | |
| Free Cash Growth IPRWA | high: 139.344 % mean: 21.396 % median: 10.123 % low: -170.576 % CXW: -369.244 % |
|
| Free Cash To Net Income | -1.579 | |
| Cash Flow Margin | -44.99 % | |
| Cash Flow To Earnings | -10.239 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.834 % | |
| Return On Assets QoQ | -1.998 % | |
| Return On Assets YoY | 26.555 % | |
| Return On Assets IPRWA | high: 3.243 % mean: 0.965 % CXW: 0.834 % median: 0.678 % low: 0.201 % |
|
| Return On Capital Employed (ROCE) | 1.873 % | |
| Return On Equity (ROE) | 0.019 | |
| Return On Equity QoQ | 5.534 % | |
| Return On Equity YoY | 46.243 % | |
| Return On Equity IPRWA | high: 0.225 mean: 0.031 CXW: 0.019 median: 0.019 low: -0.18 |
|
| DuPont ROE | 1.846 % | |
| Return On Invested Capital (ROIC) | 1.507 % | |
| Return On Invested Capital QoQ | -1.051 % | |
| Return On Invested Capital YoY | -104.594 % | |
| Return On Invested Capital IPRWA | high: 5.91 % mean: 1.926 % median: 1.879 % CXW: 1.507 % low: -0.955 % |
|