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| Date | Value |
|---|---|
| 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 |