Operations & Management

““[Our] growth depends on... crime rates and sentencing patterns. ... [R]eductions in crime rates or resources dedicated to prevent and enforce crime could lead to reductions in arrests, convictions and sentences requiring incarceration at correctional facilities.””

— CoreCivic, 2016 Annual Report

$4.8 B

revenues

$629 M

Profit

$8.7 M

5-Yr Lobbying spending

Typically referred to as private prison companies, operators manage correctional facilities and immigration detention centers for adults and youth. Since they often own the facilities, some operators are structured as Real Estate Investment Trusts, or real estate portfolios, that enjoy particular tax benefits. Several have begun diversifying their businesses, expanding into prison transportation, healthcare, and educational programming as well as community corrections such as residential reentry facilities, day reporting centers, and electronic monitoring.

Market Share

(hover over pie chart for details)

Scrambling to find additional detention beds, ICE has considered waiving national detention standards and Prison Rape Elimination Act requirements. "They’re scraping the bottom looking for beds," explained one official.

65%

privatized
ICE beds

500%

Expected Growth
in ICE beds

Top 5 Market Players

Revenues
Adj. EBITDA
Margin
Net Income
Margin
FFO
AFFO

Eff. Tax

Man-days

Corrections
Facilities
Beds
Occupancy

Community
Facilities
Beds
Supervision
Monitoring

Other

Federal
ICE

Employees
Unionized

Lobbying
Campaign
Spending

$1,849.8 M
$417.6 M
22.6%
$219.9 M
11.9%
$317.6 M
$304.4 M

3.6%

24.1 M

60
84,622
78.8%

25
5,082
--
--

Transport

52%
28%

13,755
5.7%

$1.78 M
$1.01 M

$1,769.7 M
$411.0 M
23.2%
$166.6 M
9.4%
$224.0 M
$279.2 M

7-9%

22.0 M

74*
80,566*
93.4%

62*
11,588*
185,000*
124,000*

48%*
18%*

23,500*
21.7%*

$1.74 M
$1.40 M

$ 421.3 M
NA
NA
NA
NA
--
--

24
28,320
NA

--
--
--
--

Healthcare

34%
10%

8,600**
NA

NA
NA

NA
NA
NA
NA
NA
--
--

23
18,134
NA

--
--
--
--

Healthcare

NA
NA

1,250
NA

NA
NA

NA
NA
NA
NA
NA
--
--

NA
NA
NA

--
--
--
--

NA
NA

Notes: GEO Group financial data represents US-based business segments only (except FFO and AFFO) and excludes financial performance of CEC, which is expected to add $250 M in annual revenues. MTC revenue estimate does not include Job Corps, healthcare, or program only revenues; MTC Federal and ICE percentages calculated as percent of beds rather than percent of revenues.

*Includes 2017 acquisition of Community Education Centers (CEC)
**Includes a small number of international staff