CoreCivic, Inc. — Earnings Quality Grade F
CXW · Industrials
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 20 days (54 → 74)
AR growth 54.5% exceeds revenue growth 12.7%
Revenue grew 12.7% but CFFO declined -27.7%
Expense Quality
No material inventory
CapEx growth 97.6% is >2x revenue growth 12.7%
SG&A/Gross Profit = 32.7%. Normal
Gross margin 23.5%, change -0.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.67. Profits backed by cash
FCF $0.1B, FCF/NI = 0.46
Accruals ratio = -2.4%. Low accruals
Cash $0.1B covers only 7% of debt $1.4B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 1% of equity. Manageable
Debt/EBITDA = 3.9x. Healthy
Other assets 0.3% vs revenue 12.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 45% YoY
Manipulation Score
M-Score = -2.20 (grey zone)
Portfolio monitoring
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Beneish M-Score
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Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25