Updated
The most significant concentration CoreCivic discloses is federal correctional, detention and residential reentry authorities at 54%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: CoreCivic’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'Payments by federal correctional, detention and residential reentry authorities represented 54%...of our total revenue for the years ended December 31, 2025'”
The company's concentration profile is defined by a single, high-share customer exposure with a mixed character. Federal correctional, detention, and residential reentry authorities represented 54% of total revenue for the year ended December 31, 2025 — a high share by disclosed size. This is the dominant and most load-bearing concentration in the disclosed profile, and there are no supplier, product, or geographic concentrations layered on top of it. The mixed character reflects two competing forces. On one hand, federal government relationships carry a structural dimension: the demand for correctional and detention capacity is driven by federal law enforcement priorities, immigration policy, and legislative mandates rather than by individual customer preferences. This gives the revenue some of the durability associated with government contracting. On the other hand, the concentration is also a dependency: federal contracts can be terminated, reduced, or not renewed based on policy shifts, budgetary priorities, or changes in administration, which introduces an idiosyncratic risk that purely market-driven customer concentrations may not carry. The key investment variable is federal policy direction — specifically, immigration enforcement levels and the federal government's longer-term posture on private-facility contracting. A material contract reduction or non-renewal at the federal level would directly affect more than half of revenues, with limited ability to offset that exposure in the near term given how specialized these facilities are. Investors should monitor legislative and regulatory developments in federal corrections and detention as the primary variable in this concentration.
For the engine’s reasoning on CXW’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CXW● | CoreCivic, Inc. | 1 | 0 | 0 | 1 |
| ADT | ADT Inc. | 0 | 1 | 0 | 1 |
| ALLE | Allegion plc | 0 | 1 | 0 | 1 |
| GEO | Geo Group Inc (The) REIT | 0 | 1 | 0 | 1 |
| BCO | Brinks Company (The) | 0 | 0 | 0 | 0 |
| BRC | Brady Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.