ETF Managers Trust HHH
HHH
$60.20 -1.38 (-2.24%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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