Hovnanian Enterprises (HOV) Operating Expenses (2010 - 2026)
Hovnanian Enterprises' (HOV) quarterly Operating Expenses came in at $606.7 million in Q1 2026, down 5.64% YoY from $643.0 million in Q1 2025, and down 24.28% on a QoQ basis from $801.2 million in Q4 2025.
Hovnanian Enterprises (HOV) Operating Expenses (2010 - 2026) Analysis & Trends
Hovnanian Enterprises (HOV) has 17 years of Operating Expenses data on file, last reported at $606.7 million in 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 slipped to $606.7 million in Q1 2026, from $801.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $877.2 million in Q4 2024 to a low of $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 fell 12.62% — and 2025, when it increased 24.55%.
- Tracing HOV's Operating Expenses over 5 years: stood at $800.4 million in 2022, then retreated by 4.27% to $766.3 million in 2023, then grew by 14.48% to $877.2 million in 2024, then declined by 8.67% to $801.2 million in 2025, then dropped by 24.28% to $606.7 million in 2026.
- The last three Operating Expenses figures came in at $606.7 million (Q1 2026), $801.2 million (Q4 2025), and $792.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.95 Bn | 39.81 Bn | 2.15 Bn | 991.20 Mn |
| 2 | Pultegroup | 24.35 Bn | 22.97 Bn | 1.06 Bn | 382.97 Mn |
| 3 | Lennar | 20.96 Bn | 18.78 Bn | 7.69 Bn | 7.54 Bn |
| 4 | Nvr | 17.14 Bn | 16.05 Bn | 485.14 Mn | 150.72 Mn |
| 5 | Toll Brothers | 13.93 Bn | 12.82 Bn | 604.89 Mn | 258.25 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 148.85 Mn |
| 7 | Installed Building Products | 6.60 Bn | 6.20 Bn | 258.90 Mn | 164.30 Mn |
| 8 | Champion Homes | 5.08 Bn | 4.44 Bn | - | - |
| 9 | Meritage Homes | 4.72 Bn | 3.91 Bn | 254.14 Mn | 144.19 Mn |
| 10 | Hovnanian Enterprises | 838.09 Mn | 829.29 Mn | 111.87 Mn | 666.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 666.20 Mn |
| 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 |