CoreCivic

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.

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

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

• Private correctional services
• Government detention management
• Correctional real estate solutions
• Residential reentry services
• Offender electronic monitoring

Headquarters

HQ city

Brentwood

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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.
4. 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.
5. 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

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core 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

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Cedar Oaks Animal RescueminorStrategic or Co-development Partner · 24 June 2026CoreCivic'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 EVminorStrategic or Co-development Partner · 25 February 2026Legacy 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 CollegeminorStrategic or Co-development PartnerPartnership 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 CollegeminorStrategic or Co-development PartnerPartnership 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 CorrectionscoreStrategic or Co-development PartnerCoreCivic 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 AssociationcoreOthersCoreCivic 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

Direct 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

• Xx.com/corecivic
• YouTubeyoutube.com/corecivic
• Facebookfacebook.com/CoreCivic
• LinkedInlinkedin.com/company/corecivic

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoreCivic