CoreCivic
CoreCivic (NYSE: CXW) is a publicly traded REIT operating 70+ correctional, detention, and reentry facilities across the United States, generating revenue through per diem government contracts with federal agencies (ICE, USMS, BOP) and state departments of corrections.
- Company typePublic
- Founded1983
- HeadquartersBrentwood, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What CoreCivic does
CoreCivic (NYSE: CXW), founded in 1983 as Corrections Corporation of America and rebranded in 2017, is a publicly traded Real Estate Investment Trust headquartered in Brentwood, Tennessee. The company operates more than 70 correctional, detention, and residential reentry facilities encompassing over 17.5 million square feet across the United States and employs nearly 13,000 people. Its customers are exclusively government entities — federal agencies including U.S. Immigration and Customs Enforcement (ICE), the U.S. Marshals Service (USMS), and the Federal Bureau of Prisons (BOP), alongside state departments of corrections in Tennessee, Georgia, Hawaii, Montana, Vermont, and others.
The business is organized into three operating divisions: CoreCivic Safety delivers corrections and detention management under multi-year per diem contracts; CoreCivic Properties designs, builds, finances, owns, maintains, and leases correctional facilities for government partners, including a build-to-suit model exemplified by the 20-year Lansing Correctional Facility lease in Kansas; and CoreCivic Community provides residential reentry centers and non-residential monitoring through Recovery Monitoring Solutions (RMS), which offers electronic monitoring, case management, and drug/alcohol testing. CoreCivic has differentiated on facility design, with LEED-certified sustainable construction at Otay Mesa Detention Center (LEED Silver) and Trousdale Turner Correctional Center (largest LEED-certified correctional facility in Tennessee), and was instrumental in developing American Correctional Association accreditation standards.
Revenue is generated through contract-based per diem rates per inmate negotiated via federal and state government procurement, producing a recurring subscription-like revenue stream. FY2025 revenue reached $2.2 billion (up 13% year-over-year) with $116.5 million in net income (up 69%); Q1 2026 revenue was $614.7 million (up 25.8% year-over-year), driven primarily by ICE detention revenue more than doubling under the current federal administration's immigration enforcement policies. The company has executed multiple debt financings — a $400 million credit facility extension in 2023, $500 million senior notes at 8.25% in 2024, a $300 million revolving facility expansion in 2025, and a $100 million incremental term loan in 2026 — alongside an aggressive share repurchase program totaling $322.1 million since May 2022.
CoreCivic firmographics
Firmographics- Name
- CoreCivic
- Legal name
- CoreCivic, Inc.
- Website
- https://corecivic.com
- Company type
- Public
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- CoreCivic (NYSE: CXW) is a publicly traded REIT operating 70+ correctional, detention, and reentry facilities across the United States, generating revenue through per diem government contracts with federal agencies (ICE, USMS, BOP) and state departments of corrections.
- Ownership category
- akta.pro rank
CoreCivic industry classification
Industry- Product category
- Private Correctional and Detention Services
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)
Keywords
Where CoreCivic is headquartered
LocationHeadquarters
- HQ city
- Brentwood
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
CoreCivic business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Correctional Services: CoreCivic operates safe, secure correctional facilities providing high-quality services under contracts with state departments of corrections. Revenue is generated through per diem rates per inmate, with contract terms typically spanning multiple years. The company provides comprehensive correctional services including custody, healthcare, food services, and programming.
- Detention Services: CoreCivic provides detention services for U.S. Immigration and Customs Enforcement (ICE) and U.S. Marshals Service (USMS), operating immigration detention centers and detention facilities. Revenue is generated through federal government contracts with per diem rates. This segment has seen significant growth under the Trump administration's immigration enforcement policies, with ICE revenue more than doubling year-over-year.
- Real Estate Leasing: CoreCivic Properties offers innovative and flexible real estate solutions to government partners. The company designs, builds, finances, owns, maintains and leases correctional and detention facilities. This includes a lease-only option where CoreCivic provides ready-to-go facilities while government partners manage daily operations. Revenue includes both lease payments and maintenance services.
- Residential Reentry Services: CoreCivic Community operates a growing network of residential reentry centers across the nation, providing step-down environments for individuals nearing release. Services include job readiness, substance use disorder counseling, life skills programs, and connection to outside resources for housing and identification.
- Non-Residential Services: Through Recovery Monitoring Solutions (RMS), CoreCivic provides non-residential services including electronic monitoring for offenders, case management, and drug/alcohol testing. These services complement the residential reentry network and help keep individuals from returning to prison.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Government correctional contracts - Per diem per inmate rates negotiated through government procurement |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
CoreCivic product offering
Product offeringCore offering
CoreCivic operates a diversified portfolio of correctional, detention, residential reentry, and non-residential monitoring services under contracts with U.S. federal and state government agencies. The company also designs, finances, builds, owns, maintains, and leases correctional and detention facilities to government partners through its CoreCivic Properties division.
Product overview
CoreCivic is a government-solutions provider operating a three-division portfolio: CoreCivic Safety (corrections and detention management), CoreCivic Properties (real estate solutions for government), and CoreCivic Community (reentry services including residential reentry centers and Recovery Monitoring Solutions for non-residential monitoring). The company owns and operates correctional facilities, immigration detention centers, and residential reentry facilities across the United States under contracts with federal and state government agencies.
Differentiator
Problem solved
Functional benefit
Brands
- Recovery Monitoring Solutions (RMS): Non-residential services including electronic monitoring, case management, and drug/alcohol testing for offenders with misdemeanor offenses to help keep individuals from going back to prison or being incarcerated in the first place.
- CoreCivic Properties
- CoreCivic Safety
- CoreCivic Community
Products and services
- CoreCivic Safety High-quality corrections and detention management services for federal and state government partners, operating safe, secure facilities with custody, healthcare, food services, and rehabilitation programming.
- CoreCivic Properties Innovative and flexible real estate solutions for government partners, providing design, financing, construction, ownership, maintenance, and leasing of correctional and detention facilities.
- CoreCivic Community Residential reentry centers and non-residential services providing step-down environments, job readiness training, substance use counseling, and life skills programs to help individuals reintegrate into society.
- Recovery Monitoring Solutions (RMS) Non-residential offender monitoring services including electronic monitoring for individuals with misdemeanor offenses, case management, and drug and alcohol testing.
Quantifiable outcome
- CoreCivic saves approximately 25% on new construction costs compared to public sector construction
- +4 more outcomes
Companies that use CoreCivic
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
CoreCivic technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
CoreCivic partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor and core.
- Cedar Oaks Animal RescueminorCoreCivic's Saguaro Correctional Center in Arizona partnered with Cedar Oaks Animal Rescue to train and rehabilitate shelter dogs. Residents serve as primary and secondary handlers working with dogs 24 hours a day, 7 days a week, teaching basic obedience and advanced skills over approximately nine weeks before the dogs become available for adoption.
- Legacy EVminorLegacy EV launched an electric vehicle workforce training program at Red Rock Correctional Center in partnership with CoreCivic. The program engages participants in hands-on instruction, starting with foundational electrical safety courses and progressing to a 12-week EV Technician curriculum. The initiative aims to prepare individuals for careers in the EV and broader clean energy sectors.
- Wiregrass Georgia Technical CollegeminorPartnership between CoreCivic's Georgia facilities (Coffee Correctional Facility and Wheeler Correctional Facility) and Wiregrass Georgia Technical College to provide vocational training programs in welding and diesel maintenance. The programs are housed in new 6,300 square foot vocational training center buildings.
- Oconee Fall Line Technical CollegeminorPartnership between CoreCivic's Georgia facilities and Oconee Fall Line Technical College to support vocational training programs in welding and diesel maintenance as part of the Georgia Department of Corrections vocational initiative.
- Kansas Department of CorrectionscoreCoreCivic Properties developed the Lansing Correctional Facility in Kansas - the company's first built-to-suit privately owned, publicly managed correctional facility. CoreCivic built and maintains the 400,544 square foot, 2,432-bed facility while the state of Kansas manages daily operations through its own staff under a 20-year lease agreement.
- American Correctional AssociationcoreCoreCivic was the undisputed driver of ACA accreditation requirements, establishing the American Corrections' Association Standards of Accreditation as the benchmark for proper prison management in the United States. The company helped develop over 400 operating directives that became the foundation for ACA standards.
Scale indicators11 records
Recent moves10 records
Expansion highlights6 records
CoreCivic competitors and assessment
Company assessmentDirect peers
- The GEO Group: The GEO Group (NYSE: GEO) is the only other publicly traded major private corrections and detention operator in the US, with overlapping federal ICE, USMS, and BOP contracts. Same business model (government per diem contracts), similar three-pillar structure (corrections/detention, reentry/community, real estate), and nearly identical customer base make it the most direct comparable.
- Management & Training Corporation (MTC): MTC is a privately held operator of correctional facilities, detention centers, and educational/vocational programs for government agencies. Direct competitor in state and federal corrections contracts with comparable facility management and rehabilitation programming focus.
- LaSalle Corrections: LaSalle Corrections is a private operator of state correctional and detention facilities across the southern US. Directly comparable in offering outsourced correctional management to state DOCs, though smaller in scale than CoreCivic.
- BI Incorporated (GEO Group subsidiary): BI Incorporated is the GEO Group's community-based services subsidiary providing electronic monitoring, case management, and offender reentry services — directly comparable to CoreCivic's Recovery Monitoring Solutions business.
Emerging players
- Emerald Correctional Management: Emerald Correctional Management operates community-based and reentry-focused correctional programs, overlapping with CoreCivic's Community division and Recovery Monitoring Solutions. Smaller scale, but comparable in mission around reentry and non-residential monitoring services.
Broad incumbents
- Sodexo (Justice Services): Sodexo operates facility management and food services for correctional institutions globally through its Justice Services division. Overlaps with CoreCivic on food services and facility management contracts for prisons but as part of a much broader facilities services portfolio.
- Aramark: Aramark provides food services, uniforms, and facility management to corrections clients across the US. Adjacent competitor for facility support service contracts within correctional facilities rather than full facility management.
Others
- Boeing / Government Real Estate Operators: Not directly comparable in corrections; included as a reference for large government real estate lessors/operators. More relevant comparables are REITs like Government Properties Income Trust or W. P. Carey, which own leased government-tenanted properties — comparable real estate investment thesis to CoreCivic Properties' lease-only model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
CoreCivic social profiles
Digital presenceCoreCivic compliance and trust
Trust signalCompliance3 records
CoreCivic financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoreCivic leadership team
Management profileNumber of profiles
Profiles9 records
CoreCivic subsidiaries and ownership
Company hierarchySubsidiaries4 records
CoreCivic funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoreCivic M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoreCivic
What does CoreCivic do?
CoreCivic operates a diversified portfolio of correctional, detention, residential reentry, and non-residential monitoring services under contracts with U.S. federal and state government agencies. The company also designs, finances, builds, owns, maintains, and leases correctional and detention facilities to government partners through its CoreCivic Properties division.
Is CoreCivic a public or private company?
CoreCivic is a public company. It is classified as public and is currently operating.
When was CoreCivic founded?
CoreCivic was founded in 1983. It employs 5,001 to 10,000 people.
Where is CoreCivic based?
CoreCivic is headquartered in Brentwood, United States, in the North America region.
How does CoreCivic make money?
Five revenue lines are on record. Correctional Services are the primary driver. The others are detention Services, real Estate Leasing, residential Reentry Services and non-Residential Services.
Who are CoreCivic's main competitors?
Direct peers on record are The GEO Group, Management & Training Corporation (MTC), LaSalle Corrections and BI Incorporated (GEO Group subsidiary). Emerald Correctional Management is listed as an emerging player. Broad incumbents are Sodexo (Justice Services) and Aramark. Boeing / Government Real Estate Operators is listed as an others.
Does CoreCivic have an API?
No public API is recorded for CoreCivic.
What industry is CoreCivic in?
CoreCivic's product category is Private Correctional and Detention Services. Its primary akta.pro industry code is FSAAAKAA, Core Real Estate (Stabilized/Core-Plus). Its NAICS code is 525 and its SIC code is 6799.