CoreCivic raised its 2026 adjusted EBITDA guidance to $442.5 million to $445.5 million after third-quarter adjusted EBITDA increased 33% to $117.8 million and adjusted diluted EPS increased 104% to $0.49.
CXW · CoreCivic, Inc.
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CoreCivic reported nine-month net income of $1,419.2 million, versus $90.0 million in 2025. Revenue rose 27.2% to $2,043.7 million, while ICE populations in its care increased 8,100, or 80.1%, from the beginning of 2025 through September 30, 2026.
CoreCivic reported third-quarter net income of $1,344.1 million and Adjusted Diluted EPS of $0.49, helped by $2.2 billion in facility sales. The board added $500.0 million to repurchases, lifting total authorization to $1.7 billion.
CoreCivic appointed Lucibeth N. Mayberry President and CEO effective September 24, 2026 after Patrick D. Swindle resigned for health reasons; she also joined the Board. Swindle will serve as Special Advisor through September 24, 2028.
Metrics snapshot
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. CoreCivic sold four facilities for $2.2 billion, used proceeds to cut debt and fund a $500 million repurchase increase, while raising adjusted EPS guidance. However, adjusted EBITDA guidance declined and residential margins were pressured by lower ICE populations and Prairie startup costs.
- + Raised full-year adjusted EPS guidance to $1.62–$1.70 from $1.53–$1.63.
- + Generated $2.2 billion of gross proceeds from four facility sales and about $1.6 billion of anticipated net proceeds.
- + Higher federal revenue and improving residential occupancy supported performance.
- − Cut full-year adjusted EBITDA guidance to $440.5–$445.5 million from $453.8–$461.8 million.
- − Residential operating margin fell to 22.4% from 26.1% as ICE populations declined.
- − Terms of management contracts for the four sold facilities may change, and future management is not assured.
- − ICE populations fell 6.6% quarter over quarter before recovering from early-April lows.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average available beds | 71,884 | the three months ended June 30, 2026 filing | — |
| Average compensated occupancy | 78.4% | the three months ended June 30, 2026 filing | — |
| Average compensated population | 56,363 | the three months ended June 30, 2026 filing | — |
| CoreCivic Services segment net operating income as a percentage of total segment net operating i | 6.1% | the three months ended June 30, 2026 filing | — |
| Fixed expense per compensated man-day | $68.27 | the three months ended June 30, 2026 filing | — |
| Idle facilities aggregate operating expenses | $2.4M | the three months ended June 30, 2026 filing | — |
| Net operating income | $148.95M | the three months ended June 30, 2026 filing | — |
| Number of detainees at the Elizabeth Detention Center | 256 | the three months ended June 30, 2026 filing | — |
| Operating expenses per compensated man-day | $93.05 | the three months ended June 30, 2026 filing | — |
| Operating income per compensated man-day | $26.83 | the three months ended June 30, 2026 filing | — |
| Operating margin | 22.4% | the three months ended June 30, 2026 filing | — |
| Revenue per compensated man-day | $119.88 | the three months ended June 30, 2026 filing | — |
| Total revenue at the Dilley Facility | $46.2M | the three months ended June 30, 2026 filing | — |
| Total revenue at the Elizabeth Detention Center | $5.6M | the three months ended June 30, 2026 filing | — |
| Variable expense per compensated man-day | $24.78 | the three months ended June 30, 2026 filing | — |
| Adjusted Diluted EPS non-GAAP | $0.38 | Q2 2026 | — |
| Adjusted EBITDA non-GAAP | $109.4M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP EBITDA 108.72M
+724K Expenses associated with mergers and acquisitions
= Adjusted EBITDA 109.44M
|
|||
| Normalized FFO per diluted share non-GAAP | $0.64 | Q2 2026 | — |
| Occupancy levels in our Residential segment | 78.4% | Q2 2026 | — |
| Operating income from four activated facilities (California City, West Tennessee, Diamondback, M | $21.1M | Q2 2026 | — |
| Operating margins in the CoreCivic Residential segment | 22.4% | Q2 2026 | — |
| Total revenue from four activated facilities (California City, West Tennessee, Diamondback, Midw | $80.1M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Security & Protection Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CXW
this stock
CoreCivic, Inc.
|
$2.70B | +63.6% | +12.7% | 2.0 | 14.6% |
|
ALLE
Allegion plc
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$16.19B | +20.6% | +7.6% | 23.9 | 3.0% |
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ADT
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$7.23B | +22.7% | +4.7% | — | 2.8% |
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MSA
MSA Safety Inc
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$6.71B | +8.8% | +3.7% | 22.4 | 2.9% |
|
BCO
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$4.81B | +0.1% | -5.7% | 30.7 | 13.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 5, 2026
- This year
- 18
CoreCivic reported nine-month net income of $1,419.2 million, versus $90.0 million in 2025. Revenue rose 27.2% to $2,043.7 million, while ICE populations in its care increased 8,100, or 80.1%, from the beginning of 2025 through September 30, 2026.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CXW | +9.1% | +2.0% | +47.6% | +1.3% | +63.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +6.5% | +3.1% | +47.1% | +1.4% | +53.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.