Highway Holdings (HIHO) Operating Expenses (2009 - 2025)

Highway Holdings (HIHO) reported Operating Expenses of $778.0 million for Q4 2025, up 16.82% year-over-year from $666.0 million in Q4 2024, and up 92189.44% quarter-over-quarter from $843000.0 in Q3 2025.

Highway Holdings (HIHO) Operating Expenses (2009 - 2025) Analysis & Trends

Highway Holdings (HIHO) has 17 years of Operating Expenses data on file, last reported at $778.0 million in Q4 2025.

  • Operating Expenses for Q4 2025 came in at $778.0 million, up 16.82% year-over-year; the trailing twelve-month figure through Dec 2025 was -$600.2 million (down 189.83% YoY), and the FY2025 annual result was $3.0 million, up 21.32% from the prior year.
  • Operating Expenses climbed to $778.0 million in Q4 2025 per HIHO's latest filing, from $843000.0 in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.0 billion in Q1 2021 and troughed at -$2.0 billion in Q1 2025.
  • A 5-year average of $61.7 million and a median of $724000.0 in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2021 and 2025: Operating Expenses surged 172792.56% in 2021, then plunged 273130.04% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $671000.0 in 2021, then increased by 7.6% to $722000.0 in 2022, then declined by 5.96% to $679000.0 in 2023, then jumped by 97985.42% to $666.0 million in 2024, then increased by 16.82% to $778.0 million in 2025.
  • Business Quant data shows HIHO's Operating Expenses at $778.0 million in Q4 2025, $843000.0 in Q3 2025, and -$2.0 billion in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Carpenter Technology 29.34 Bn 29.04 Bn 251.80 Mn 65.30 Mn
2 Ati 27.51 Bn 27.23 Bn 262.90 Mn 99.10 Mn
3 Mueller Industries 14.99 Bn 13.61 Bn 358.44 Mn 83.44 Mn
4 Commercial Metals 8.04 Bn 7.54 Bn 387.91 Mn 2.02 Bn
5 Esab 6.48 Bn 6.34 Bn 257.79 Mn 171.18 Mn
6 Gpgi 3.86 Bn 3.85 Bn - 55.60 Mn
7 Worthington Enterprises 2.96 Bn 2.95 Bn 109.47 Mn 77.93 Mn
8 Proto Labs 1.93 Bn 1.79 Bn 63.59 Mn 53.75 Mn
9 Ryerson Holding 1.17 Bn 1.15 Bn 288.80 Mn 265.20 Mn
10 Highway Holdings 70.97 -5.15 Mn 292.00 Mn 778.00 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 778.00 Mn
Sep 30, 2025 843,000.00
Mar 31, 2025 -2.04 Bn
Dec 31, 2024 666.00 Mn
Sep 30, 2024 724,000.00
Jun 30, 2024 658,000.00
Mar 31, 2024 749,000.00
Dec 31, 2023 679,000.00
Sep 30, 2023 272,000.00
Jun 30, 2023 777,000.00
Mar 31, 2023 1.49 Mn
Dec 31, 2022 722,000.00
Sep 30, 2022 716.00 Mn
Jun 30, 2022 687,000.00
Mar 31, 2022 687,000.00
Dec 31, 2021 671,000.00
Sep 30, 2021 859,000.00
Jun 30, 2021 617,000.00
Mar 31, 2021 1.05 Bn
Dec 31, 2020 849,000.00