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Side-by-side financial comparison of CoreCivic, Inc. (CXW) and STERLING INFRASTRUCTURE, INC. (STRL). Click either name above to swap in a different company.

STERLING INFRASTRUCTURE, INC. is the larger business by last-quarter revenue ($755.6M vs $604.0M, roughly 1.3× CoreCivic, Inc.). STERLING INFRASTRUCTURE, INC. runs the higher net margin — 11.6% vs 4.4%, a 7.2% gap on every dollar of revenue. On growth, STERLING INFRASTRUCTURE, INC. posted the faster year-over-year revenue change (51.5% vs 26.0%). STERLING INFRASTRUCTURE, INC. produced more free cash flow last quarter ($159.7M vs $-45.1M). Over the past eight quarters, STERLING INFRASTRUCTURE, INC.'s revenue compounded faster (31.0% CAGR vs 9.8%).

CoreCivic, Inc. is an American private prison operator and one of the largest for-profit prison, jail and detention contractors in the United States. It has been the target of divestment campaigns, FBI investigations and lawsuits alleging civil rights violations and forced labor at some of its owned or operated 70 state and federal correctional and detention facilities in the U.S.

Sterling & Wilson is an Indian multinational engineering, procurement, and construction (EPC) company headquartered in Mumbai, Maharashtra. It operates across multiple sectors including renewable energy, data centers, diesel power generation, and mechanical, electrical, and plumbing (MEP) services. The company has delivered projects in over 30 countries, with execution teams located across Asia, the Middle East, Africa, Europe, and Australia.

CXW vs STRL — Head-to-Head

Bigger by revenue
STRL
STRL
1.3× larger
STRL
$755.6M
$604.0M
CXW
Growing faster (revenue YoY)
STRL
STRL
+25.5% gap
STRL
51.5%
26.0%
CXW
Higher net margin
STRL
STRL
7.2% more per $
STRL
11.6%
4.4%
CXW
More free cash flow
STRL
STRL
$204.8M more FCF
STRL
$159.7M
$-45.1M
CXW
Faster 2-yr revenue CAGR
STRL
STRL
Annualised
STRL
31.0%
9.8%
CXW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CXW
CXW
STRL
STRL
Revenue
$604.0M
$755.6M
Net Profit
$26.5M
$87.6M
Gross Margin
21.7%
Operating Margin
6.0%
15.9%
Net Margin
4.4%
11.6%
Revenue YoY
26.0%
51.5%
Net Profit YoY
37.7%
-22.6%
EPS (diluted)
$0.26
$2.82

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CXW
CXW
STRL
STRL
Q4 25
$604.0M
$755.6M
Q3 25
$580.4M
$689.0M
Q2 25
$538.2M
$614.5M
Q1 25
$488.6M
$430.9M
Q4 24
$479.3M
$498.8M
Q3 24
$491.6M
$593.7M
Q2 24
$490.1M
$582.8M
Q1 24
$500.7M
$440.4M
Net Profit
CXW
CXW
STRL
STRL
Q4 25
$26.5M
$87.6M
Q3 25
$26.3M
$92.1M
Q2 25
$38.5M
$71.0M
Q1 25
$25.1M
$39.5M
Q4 24
$19.3M
$113.2M
Q3 24
$21.1M
$61.3M
Q2 24
$19.0M
$51.9M
Q1 24
$9.5M
$31.0M
Gross Margin
CXW
CXW
STRL
STRL
Q4 25
21.7%
Q3 25
24.7%
Q2 25
23.3%
Q1 25
22.0%
Q4 24
21.4%
Q3 24
21.9%
Q2 24
19.3%
Q1 24
17.5%
Operating Margin
CXW
CXW
STRL
STRL
Q4 25
6.0%
15.9%
Q3 25
6.3%
18.2%
Q2 25
9.7%
17.0%
Q1 25
6.6%
13.0%
Q4 24
5.2%
12.5%
Q3 24
6.1%
14.7%
Q2 24
5.6%
12.5%
Q1 24
1.8%
9.6%
Net Margin
CXW
CXW
STRL
STRL
Q4 25
4.4%
11.6%
Q3 25
4.5%
13.4%
Q2 25
7.2%
11.6%
Q1 25
5.1%
9.2%
Q4 24
4.0%
22.7%
Q3 24
4.3%
10.3%
Q2 24
3.9%
8.9%
Q1 24
1.9%
7.1%
EPS (diluted)
CXW
CXW
STRL
STRL
Q4 25
$0.26
$2.82
Q3 25
$0.24
$2.97
Q2 25
$0.35
$2.31
Q1 25
$0.23
$1.28
Q4 24
$0.18
$3.63
Q3 24
$0.19
$1.97
Q2 24
$0.17
$1.67
Q1 24
$0.08
$1.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CXW
CXW
STRL
STRL
Cash + ST InvestmentsLiquidity on hand
$97.9M
$390.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$1.1B
Total Assets
$3.3B
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXW
CXW
STRL
STRL
Q4 25
$97.9M
$390.7M
Q3 25
$56.6M
$306.4M
Q2 25
$130.5M
$699.4M
Q1 25
$74.5M
$638.6M
Q4 24
$107.5M
$664.2M
Q3 24
$107.8M
$648.1M
Q2 24
$60.2M
$540.0M
Q1 24
$111.4M
$480.4M
Stockholders' Equity
CXW
CXW
STRL
STRL
Q4 25
$1.4B
$1.1B
Q3 25
$1.5B
$1.1B
Q2 25
$1.5B
$881.7M
Q1 25
$1.5B
$805.4M
Q4 24
$1.5B
$808.1M
Q3 24
$1.5B
$716.5M
Q2 24
$1.4B
$670.7M
Q1 24
$1.4B
$644.6M
Total Assets
CXW
CXW
STRL
STRL
Q4 25
$3.3B
$2.6B
Q3 25
$3.1B
$2.6B
Q2 25
$3.1B
$2.2B
Q1 25
$3.0B
$2.0B
Q4 24
$2.9B
$2.0B
Q3 24
$2.9B
$2.0B
Q2 24
$2.9B
$2.0B
Q1 24
$3.0B
$1.8B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CXW
CXW
STRL
STRL
Operating Cash FlowLast quarter
$-376.0K
$186.1M
Free Cash FlowOCF − Capex
$-45.1M
$159.7M
FCF MarginFCF / Revenue
-7.5%
21.1%
Capex IntensityCapex / Revenue
7.4%
3.5%
Cash ConversionOCF / Net Profit
-0.01×
2.12×
TTM Free Cash FlowTrailing 4 quarters
$52.8M
$362.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CXW
CXW
STRL
STRL
Q4 25
$-376.0K
$186.1M
Q3 25
$53.8M
$83.6M
Q2 25
$96.7M
$85.4M
Q1 25
$44.5M
$84.9M
Q4 24
$39.3M
$174.3M
Q3 24
$91.5M
$152.3M
Q2 24
$68.1M
$121.0M
Q1 24
$70.4M
$49.6M
Free Cash Flow
CXW
CXW
STRL
STRL
Q4 25
$-45.1M
$159.7M
Q3 25
$16.1M
$64.0M
Q2 25
$61.9M
$72.1M
Q1 25
$20.0M
$67.0M
Q4 24
$16.0M
$158.6M
Q3 24
$73.7M
$138.3M
Q2 24
$49.3M
$92.1M
Q1 24
$59.7M
$27.2M
FCF Margin
CXW
CXW
STRL
STRL
Q4 25
-7.5%
21.1%
Q3 25
2.8%
9.3%
Q2 25
11.5%
11.7%
Q1 25
4.1%
15.5%
Q4 24
3.3%
31.8%
Q3 24
15.0%
23.3%
Q2 24
10.1%
15.8%
Q1 24
11.9%
6.2%
Capex Intensity
CXW
CXW
STRL
STRL
Q4 25
7.4%
3.5%
Q3 25
6.5%
2.9%
Q2 25
6.5%
2.2%
Q1 25
5.0%
4.2%
Q4 24
4.9%
3.1%
Q3 24
3.6%
2.4%
Q2 24
3.8%
5.0%
Q1 24
2.1%
5.1%
Cash Conversion
CXW
CXW
STRL
STRL
Q4 25
-0.01×
2.12×
Q3 25
2.04×
0.91×
Q2 25
2.51×
1.20×
Q1 25
1.77×
2.15×
Q4 24
2.04×
1.54×
Q3 24
4.34×
2.48×
Q2 24
3.59×
2.33×
Q1 24
7.37×
1.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CXW
CXW

Segment breakdown not available.

STRL
STRL

Lump Sum$464.9M62%
Heavy Highway$99.6M13%
Residential Construction$70.4M9%
Road And Highway Builders LLC$52.4M7%
Other Revenue$36.6M5%
Aviation$16.6M2%
Commercial$11.4M2%
Related Party$600.0K0%

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