Howard Hughes Holdings (HHH) Operating Expenses (2022 - 2026)
Howard Hughes Holdings (HHH) reported Operating Expenses of $185.4 million for Q1 2026, up 13.19% year-over-year from $163.8 million in Q1 2025, and down 68.06% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $185.4 million, up 13.19% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (down 10.7% YoY), and the FY2025 annual result was $1.2 billion, down 11.38% from the prior year.
- Operating Expenses retreated to $185.4 million in Q1 2026 per HHH's latest filing, from $580.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $738.3 million in Q4 2024 and troughed at $149.6 million in Q1 2024.
- A 5-year average of $275.9 million and a median of $196.3 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses tumbled 61.74% in 2023, then jumped 248.38% in 2024.
- A 5-year view of Operating Expenses shows it stood at $196.3 million in 2022, then gained by 7.98% to $211.9 million in 2023, then jumped by 248.38% to $738.3 million in 2024, then fell by 21.4% to $580.3 million in 2025, then sank by 68.06% to $185.4 million in 2026.
- Business Quant data shows HHH's Operating Expenses at $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 | 19.65 Bn | 19.45 Bn | - | -9.80 Mn |
| 2 | Howard Hughes Holdings | 3.99 Bn | 2.22 Bn | 182.88 Mn | 185.37 Mn |
| 3 | Century Communities | 1.70 Bn | 1.62 Bn | 637.90 Mn | 22.22 Mn |
| 4 | Forestar | 1.48 Bn | 1.12 Bn | 80.20 Mn | 37.90 Mn |
| 5 | Five Point Holdings | 361.15 Mn | 1.49 Bn | 13.58 Mn | 23.22 Mn |
| 6 | Sky Harbour | 317.31 Mn | 324.50 Mn | 7.09 Mn | 14.05 Mn |
| 7 | Belpointe PREP | 180.46 Mn | 161.50 Mn | - | 15.16 Mn |
| 8 | Amrep | 138.84 Mn | 88.35 Mn | 14.23 Mn | 11.57 Mn |
| 9 | Smith Douglas Homes | 121.76 Mn | 447.61 Mn | 40.45 Mn | 35.91 Mn |
| 10 | JFB Construction Holdings | 88.07 Mn | 62.81 Mn | 681,192.00 | 2.70 Mn |
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 |