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CoreCivic vs SBA Communications: CXW and SBAC compared
CoreCivic is the larger company: $744M of revenue in its latest quarter (Q3 2026) against $714M for SBA Communications (Q3 2026). CoreCivic is growing faster (+28% against -2% a year earlier). SBA Communications is more profitable, with an operating margin of 51.5% against 9.0%.
Where the money goes: CXW and SBAC
CoreCivic (CXW) · Q3 2026
CoreCivic, Q3 2026: revenue $744M (+28% year over year), operating margin 9.0%, net earnings $1.3B, operating cash flow −$413M. The chart follows the revenue to costs, profit and cash.
SBA Communications (SBAC) · Q3 2026
SBA Communications, Q3 2026: revenue $714M (-2% year over year), operating margin 51.5%, net earnings $231M, operating cash flow $332M. The chart follows the revenue to costs, profit and cash.
| CoreCivic (CXW) | SBA Communications (SBAC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $744M | $714M |
| Revenue growth, Y/Y | +28% | -2% |
| Gross margin | — | 76.0% |
| Operating margin | 9.0% | 51.5% |
| Net earnings | $1.3B | $231M |
| Net margin | 180.6% | 32.4% |
| Operating cash flow | −$413M | $332M |
| Free cash flow | — | $259M |
| Market value | $2.6B | $20.0B |
| P/E | 1.8× | 20.3× |
| Analysts’ mean target | $41.80 | $222.75 |
Where the revenue comes from
SBA Communications
- Domestic Site Leasing: $454M (64%)
- International Site Leasing: $211M (30%)
- Site Development: $48.6M (7%)
Questions
Which is bigger, CoreCivic or SBA Communications?
CoreCivic is the larger company: $744M of revenue in its latest quarter (Q3 2026) against $714M for SBA Communications (Q3 2026).
Is CoreCivic or SBA Communications growing faster?
CoreCivic is growing faster (+28% against -2% a year earlier).
Which is more profitable, CoreCivic or SBA Communications?
SBA Communications is more profitable, with an operating margin of 51.5% against 9.0%.
More: CoreCivic earnings · how CoreCivic makes money · SBA Communications earnings · how SBA Communications makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.