Hovnanian Enterprises (HOV) Operating Expenses (2010 - 2026)
Hovnanian Enterprises (HOV) recorded Operating Expenses of $711.92 million in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 10.1% from $792.29 million a year earlier but up 6.9% from the prior quarter.
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Analysis
Hovnanian Enterprises (HOV) Operating Expenses (2010 - 2026) Analysis & Trends
On a TTM basis, Hovnanian Enterprises' Operating Expenses came in at $2.79 billion as of Jul 31, 2026, down 6.6% year-over-year; for FY2025 (ended Oct 31, 2025), it was $2.91 billion, up 6.0% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 4.6% (FY2020 to FY2025).
- Across earlier fiscal years, Operating Expenses came in at $2.74 billion in FY2024 (+8.9%), $2.52 billion in FY2023 (-4.1%), $2.62 billion in FY2022 (+1.0%) and $2.6 billion in FY2021 (+12.1%).
- Quarterly Operating Expenses has ranged from $504.48 million in fiscal Q1 2023 to $877.22 million in fiscal Q4 2024 over the past five years.
- On a year-over-year basis, Operating Expenses has declined for four consecutive quarters, with growth averaging 3.5% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 24.5% in fiscal Q3 2025, against a decline of 12.6% in fiscal Q3 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $666.2 million (Q2 2026), $606.69 million (Q1 2026) and $801.18 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.58 Bn | 29.89 Bn | 2.15 Bn | 991.20 Mn |
| 2 | Pultegroup | 21.70 Bn | 14.99 Bn | 1.06 Bn | 382.97 Mn |
| 3 | Lennar | 18.70 Bn | 9.07 Bn | 618.54 Mn | 7.59 Bn |
| 4 | Nvr | 16.10 Bn | 9.38 Bn | 485.14 Mn | 150.72 Mn |
| 5 | Toll Brothers | 12.72 Bn | 8.09 Bn | 625.22 Mn | 266.07 Mn |
| 6 | Champion Homes | 4.26 Bn | 1.74 Bn | - | - |
| 7 | Cavco Industries | 4.04 Bn | 2.79 Bn | - | - |
| 8 | Meritage Homes | 3.96 Bn | 886.66 Mn | 513.60 Mn | 52.38 Mn |
| 9 | M | 3.17 Bn | 242.64 Mn | 235.50 Mn | 958.69 Mn |
| 10 | Hovnanian Enterprises | 609.72 Mn | -562.98 Mn | 106.58 Mn | 711.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 711.92 Mn |
| 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 |
API Access
Hovnanian Enterprises Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HOV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HOV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HOV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();