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| Date | Value |
|---|---|
| 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 |