Hovnanian Enterprises (HOV) Operating Expenses (2010 - 2026)

Hovnanian Enterprises (HOV) posted Operating Expenses of $606.7 million for Q1 2026, down 24.28% on a QoQ basis from $801.2 million in Q4 2025, and down 5.64% year-over-year from $643.0 million in Q1 2025.

Hovnanian Enterprises (HOV) Operating Expenses (2010 - 2026) Analysis & Trends

Hovnanian Enterprises' Operating Expenses history runs 17 years deep, the most recent figure standing at $606.7 million for Q1 2026.

  • Quarterly Operating Expenses fell 5.64% year-over-year to $606.7 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $2.9 billion (up 2.25% YoY) and the FY2025 annual result came in at $2.9 billion, up 6.0% from the prior year.
  • Operating Expenses was $606.7 million for Q1 2026 at Hovnanian Enterprises, down from $801.2 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $877.2 million in Q4 2024 and bottomed at $504.5 million in Q1 2023.
  • A 5-year average of $670.4 million and a median of $650.2 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2023 — Operating Expenses slipped 12.62% — and 2025, when it advanced 24.55%.
  • Hovnanian Enterprises' Operating Expenses stood at $800.4 million in 2022, then slipped by 4.27% to $766.3 million in 2023, then rose by 14.48% to $877.2 million in 2024, then retreated by 8.67% to $801.2 million in 2025, then fell by 24.28% to $606.7 million in 2026.
  • Business Quant data shows HOV's Operating Expenses at $606.7 million in Q1 2026, $801.2 million in Q4 2025, and $792.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Horton D R 40.90 Bn 39.56 Bn 2.15 Bn 991.20 Mn
2 Pultegroup 23.36 Bn 22.03 Bn 3.92 Bn 382.97 Mn
3 Lennar 19.77 Bn 19.63 Bn 7.69 Bn 7.54 Bn
4 Nvr 17.18 Bn 15.54 Bn 1.31 Bn 156.97 Mn
5 Toll Brothers 15.08 Bn 13.99 Bn 604.89 Mn 258.25 Mn
6 Taylor Morrison Home 6.96 Bn 6.31 Bn 290.64 Mn 148.85 Mn
7 Installed Building Products 5.97 Bn 5.50 Bn 212.30 Mn 154.70 Mn
8 Meritage Homes 4.78 Bn 4.01 Bn 68.61 Mn 130.87 Mn
9 Champion Homes 4.47 Bn 3.81 Bn 172.19 Mn 109.73 Mn
10 Hovnanian Enterprises 847.85 Mn 840.35 Mn 631.95 Mn 606.69 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 606.69 Mn
Oct 31, 2025 801.18 Mn
Jul 31, 2025 792.29 Mn
Apr 30, 2025 669.38 Mn
Jan 31, 2025 642.97 Mn
Oct 31, 2024 877.22 Mn
Jul 31, 2024 636.13 Mn
Apr 30, 2024 650.15 Mn
Jan 31, 2024 577.96 Mn
Oct 31, 2023 766.28 Mn
Jul 31, 2023 583.89 Mn
Apr 30, 2023 662.95 Mn
Jan 31, 2023 504.48 Mn
Oct 31, 2022 800.42 Mn
Jul 31, 2022 668.22 Mn
Apr 30, 2022 617.97 Mn
Jan 31, 2022 538.10 Mn
Oct 31, 2021 732.74 Mn
Jul 31, 2021 633.59 Mn
Apr 30, 2021 674.77 Mn