Q3 2026 Revenue up 28% year over year to $744M · 181¢ of every $1 of revenue kept as net profit · operating margin 9.0%
CoreCivic made $744M in Q3 2026 (+28% Y/Y). Operating margin 9.0%, net earnings $1.3B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Revenue$744M
Year over year+28%
Operating margin9.0%
Net earnings$1.3B
Operating cash flow−$413M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $744.1M in Q3 2026, up 28% year over year and up 9% from the previous quarter.
Operating profit was $66.8M, a 9.0% margin (up 0.2 points year over year). Of the extra revenue versus Q3 2025, 10% reached operating profit, above the 9% margin then. Total costs grew 28% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $1,344.1M, up 5009% year over year. The effective tax rate was 27.3%. Non-operating items added $1,782.6M, 96% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$413.4M. Non-cash charges added back $33.9M of depreciation and amortization and $9.3M of share-based compensation. Working capital and other items used $1,800.7M. Capital expenditures of $24.8M exceeded it, leaving free cash flow of −$438.2M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 5, 2026
$744M
+28%
9.0%
$1.3B
−$413M
Q2 2026
10-Q
Aug 6, 2026
$685M
+27%
10.1%
$37.1M
$133M
Q1 2026
10-Q
May 7, 2026
$615M
+26%
11.4%
$37.9M
$13.8M
Q4 2025
10-K
Feb 20, 2026
$604M
+26%
9.2%
$26.5M
−$376K
Q3 2025
10-Q
Nov 6, 2025
$580M
+18%
8.7%
$26.3M
$53.8M
Q2 2025
10-Q
Aug 7, 2025
$538M
+10%
12.0%
$38.5M
$96.7M
Q1 2025
10-Q
May 8, 2025
$489M
-2%
9.7%
$25.1M
$44.5M
Charts
Latest (Q3 2026): Y/Y +28%, Q/Q +9%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $1.3B, Operating cash flow −$413M.-11.5% since FY2020: buybacks shrank the count.Cash $97.9M, short-term investments —, long-term debt — at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that help build safer, healthier, and more productive communities one person at a time through residential corrections, detention, and reentry management, complementary service offerings to the corrections industry that include pharmaceutical, transportation, and alternatives to incarceration, and government real estate solutions. We are the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and one of the largest operators of such facilities in the United States. We have been a flexible and dependable partner for government for more than 40 years.
In its own words, from its 8-K, filed Aug 5, 2026.
CoreCivic against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +28% against the peers' median +14%. Operating margin: 9.0% against the peers' median 15.9%.