Howard Hughes Holdings (HHH) Operating Expenses (2022 - 2026)
Howard Hughes Holdings' (HHH) quarterly Operating Expenses came in at $895.6 million in Q2 2026, up 357.96% year-over-year from $195.6 million in Q2 2025, and up 383.15% quarter-over-quarter from $185.4 million in Q1 2026.
Analysis
Howard Hughes Holdings (HHH) Operating Expenses (2022 - 2026) Analysis & Trends
Howard Hughes Holdings (HHH) has reported Operating Expenses for 5 consecutive years, with $895.6 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 357.96% year-over-year to $895.6 million in Q2 2026; TTM through Jun 2026 was $1.9 billion, a 42.33% increase from a year earlier, with the FY2025 full-year figure at $1.2 billion, down 11.38% from the prior year.
- Operating Expenses was $895.6 million for Q2 2026 at Howard Hughes Holdings, up from $185.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $895.6 million in Q2 2026 and troughed at $149.6 million in Q1 2024.
- A 5-year average of $314.6 million and a median of $204.1 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 61.74% in 2023 and surged 357.96% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $196.3 million in 2022, then rose by 7.98% to $211.9 million in 2023, then soared by 248.38% to $738.3 million in 2024, then declined by 21.4% to $580.3 million in 2025, then jumped by 54.33% to $895.6 million in 2026.
- The last three Operating Expenses figures came in at $895.6 million (Q2 2026), $185.4 million (Q1 2026), and $580.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Millrose Properties | 4.45 Bn | 4.45 Bn | - | 29.22 Mn |
| 2 | St Joe | 3.64 Bn | 3.53 Bn | 73.42 Mn | 104.06 Mn |
| 3 | Howard Hughes Holdings | 3.59 Bn | 3.66 Bn | 1.07 Bn | 895.60 Mn |
| 4 | Forestar | 1.33 Bn | 933.04 Mn | 84.10 Mn | 38.30 Mn |
| 5 | Five Point Holdings | 727.83 Mn | 1.86 Bn | -23.72 Mn | 21.49 Mn |
| 6 | Tejon Ranch | 435.86 Mn | 436.16 Mn | - | 13.91 Mn |
| 7 | Maui Land & Pineapple | 322.60 Mn | 322.60 Mn | 2.37 Mn | 5.49 Mn |
| 8 | Stratus Properties | 145.68 Mn | 284.40 Mn | -1.91 Mn | -11.61 Mn |
| 9 | Global Asset Management | 103.57 Mn | 103.50 Mn | 3,274.00 | 399,824.00 |
| 10 | Kaanapali Land | 57.36 Mn | 19.41 Mn | -406,000.00 | 232,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 895.60 Mn |
| 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 |