Growth Metrics

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% on a QoQ basis from $843000.0 in Q3 2025.

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

  • Quarterly Operating Expenses rose 16.82% year-over-year to $778.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$600.2 million (down 189.83% YoY) and the FY2025 annual result came in at $3.0 million, up 21.32% from the prior year.
  • Operating Expenses improved to $778.0 million in Q4 2025 per HIHO's latest filing, from $843000.0 in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.0 billion in Q1 2021 and bottomed at -$2.0 billion in Q1 2025.
  • The 5-year median for Operating Expenses is $724000.0 (2024), against an average of $61.7 million.
  • The widest annual swing landed in 2021, when Operating Expenses soared 172792.56%; it then slumped 273130.04% in 2025.
  • Tracing HIHO's Operating Expenses over 5 years: stood at $671000.0 in 2021, then climbed by 7.6% to $722000.0 in 2022, then slipped by 5.96% to $679000.0 in 2023, then surged by 97985.42% to $666.0 million in 2024, then climbed by 16.82% to $778.0 million in 2025.
  • Per Business Quant, the three latest HIHO Operating Expenses figures stand at $778.0 million (Q4 2025), $843000.0 (Q3 2025), and -$2.0 billion (Q1 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ati 22.19 Bn 21.90 Bn 262.90 Mn 99.10 Mn
2 Carpenter Technology 21.71 Bn 21.41 Bn 251.80 Mn 65.30 Mn
3 Mueller Industries 14.55 Bn 13.18 Bn 358.44 Mn 83.44 Mn
4 Esab 5.57 Bn 5.43 Bn 257.79 Mn 171.18 Mn
5 Worthington Enterprises 2.71 Bn 2.70 Bn 109.47 Mn 77.93 Mn
6 Proto Labs 1.70 Bn 1.56 Bn 63.59 Mn 53.75 Mn
7 Mayville Engineering Company 520.33 Mn 518.26 Mn 10.96 Mn -
8 Insteel Industries 517.83 Mn 502.74 Mn 16.49 Mn 9.71 Mn
9 Tredegar 271.32 Mn 255.71 Mn 28.99 Mn 180.43 Mn
10 Highway Holdings 68.40 -5.15 Mn 292.00 778.00 Mn

Historic Data

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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
Sep 30, 2020 698,000.00
Jun 30, 2020 730,000.00
Mar 31, 2020 605,000.00
Dec 31, 2019 875,000.00
Sep 30, 2019 1.01 Mn
Jun 30, 2019 912,000.00
Mar 31, 2019 1.06 Mn
Dec 31, 2018 1.16 Mn
Sep 30, 2018 1.12 Mn
Jun 30, 2018 1.00 Mn
Mar 31, 2018 1.28 Mn
Dec 31, 2017 1.06 Mn
Sep 30, 2017 1.33 Mn
Jun 30, 2017 1.14 Mn
Mar 31, 2017 1.30 Mn
Dec 31, 2016 1.15 Mn
Sep 30, 2016 1.31 Mn
Jun 30, 2016 1.05 Mn
Mar 31, 2016 1.11 Mn
Dec 31, 2015 1.05 Mn
Sep 30, 2015 1.17 Mn
Mar 31, 2015 1.30 Mn
Dec 31, 2014 1.02 Mn
Sep 30, 2014 1.09 Mn
Jun 30, 2014 1.04 Mn
Mar 31, 2014 1.41 Mn
Dec 31, 2013 1.18 Mn
Sep 30, 2013 1.19 Mn
Jun 30, 2013 1.03 Mn
Mar 31, 2013 1.21 Mn
Dec 31, 2012 1.24 Mn
Sep 30, 2012 1.18 Mn
Jun 30, 2012 915,000.00
Mar 31, 2012 1.17 Mn
Dec 31, 2011 1.33 Mn
Sep 30, 2011 1.37 Mn
Jun 30, 2011 1.02 Mn
Mar 31, 2011 995,000.00
Dec 31, 2010 1.27 Mn
Sep 30, 2010 1.43 Mn
Jun 30, 2010 1.13 Mn
Mar 31, 2010 1.04 Mn
Dec 31, 2009 933,000.00
Sep 30, 2009 1.22 Mn
Jun 30, 2009 1.17 Mn
Mar 31, 2009 1.33 Mn