Howard Hughes Holdings (HHH) Operating Expenses (2022 - 2026)

Howard Hughes Holdings' (HHH) quarterly Operating Expenses came in at $185.4 million in Q1 2026, up 13.19% year-on-year from $163.8 million in Q1 2025, and down 68.06% on a QoQ basis from $580.3 million in Q4 2025.

Howard Hughes Holdings (HHH) Operating Expenses (2022 - 2026) Analysis & Trends

Howard Hughes Holdings (HHH) has 5 years of Operating Expenses data on file, last reported at $185.4 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 13.19% year-over-year to $185.4 million in Q1 2026; TTM through Mar 2026 was $1.2 billion, a 10.7% decrease from a year earlier, with the FY2025 full-year figure at $1.2 billion, down 11.38% from the prior year.
  • Operating Expenses for Q1 2026 stood at $185.4 million, down from $580.3 million in the prior quarter.
  • Over the last five years, Operating Expenses for HHH reached as high as $738.3 million in Q4 2024 and fell as low as $149.6 million in Q1 2024.
  • Historically, Operating Expenses has averaged $275.9 million across 5 years, with a median of $196.3 million in 2022.
  • Across the five-year window, Operating Expenses sank 61.74% in 2023 and surged 248.38% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $196.3 million in 2022, then grew by 7.98% to $211.9 million in 2023, then jumped by 248.38% to $738.3 million in 2024, then slipped by 21.4% to $580.3 million in 2025, then slumped by 68.06% to $185.4 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $185.4 million in Q1 2026, $580.3 million in Q4 2025, and $217.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vesta Real Estate Corporation, S.A.B. de C.V 29.26 Bn 29.26 Bn - -9.30 Mn
2 Howard Hughes Holdings 3.93 Bn 3.93 Bn 182.88 Mn 185.37 Mn
3 Century Communities 2.06 Bn 1.97 Bn 190.18 Mn -173,000.00
4 Forestar 1.46 Bn 1.06 Bn 84.10 Mn 38.30 Mn
5 Five Point Holdings 417.77 Mn 68.40 Mn -23.72 Mn 21.49 Mn
6 Belpointe PREP 178.93 Mn 178.93 Mn - 15.16 Mn
7 Smith Douglas Homes 139.28 Mn 111.29 Mn 40.45 Mn 35.91 Mn
8 Amrep 122.11 Mn 69.42 Mn 4.41 Mn 8.90 Mn
9 Logistic Properties of the Americas 95.17 Mn 95.17 Mn - -4.07 Mn
10 Kaanapali Land 55.35 Mn 18.66 Mn 10.32 Mn 432,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 185.37 Mn
Dec 31, 2025 580.30 Mn
Sep 30, 2025 217.56 Mn
Jun 30, 2025 195.56 Mn
Mar 31, 2025 163.76 Mn
Dec 31, 2024 738.28 Mn
Sep 30, 2024 222.46 Mn
Jun 30, 2024 195.49 Mn
Mar 31, 2024 149.56 Mn
Dec 31, 2023 211.92 Mn
Sep 30, 2023 185.30 Mn
Jun 30, 2023 221.06 Mn
Mar 31, 2023 191.06 Mn
Dec 31, 2022 196.26 Mn
Sep 30, 2022 484.36 Mn