CoreCivic (CXW) Net Operating Income by Segment

Measures the operating profit produced by each business unit, showing which segments drive CoreCivic’s profitability and cash generation. Helps investors detect concentration risk from large government contracts, margin pressure from occupancy or staffing costs, and where cost reductions or efficiency gains would have the most impact.

Safety NOI has accelerated through 2025–Q1 2026 as federal/ICE population gains and multiple idle‑facility activations drove outsized operational earnings, supporting the guidance raise and buybacks; this upside is real but exposed to near‑term ICE volatility that management warned could pull Q2 results lower. Properties NOI collapsed in mid‑2024 and remains minimal, consistent with portfolio activations/reclassifications and a shift toward operator cash flow over property income, while Community NOI is steadily recovering but remains a small contributor—heightening dependence on federal contracts for future upside.