Hovnanian Enterprises (HOVNP) Operating Expenses (2010 - 2026)
Hovnanian Enterprises' (HOVNP) quarterly Operating Expenses came in at $711.9 million in Q3 2026, down 10.14% on a YoY basis from $792.3 million in Q3 2025, and up 6.86% quarter-over-quarter from $666.2 million in Q2 2026.
Analysis
Hovnanian Enterprises (HOVNP) Operating Expenses (2010 - 2026) Analysis & Trends
Hovnanian Enterprises (HOVNP) has reported Operating Expenses for 17 consecutive years, with $711.9 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Expenses fell 10.14% year-over-year to $711.9 million; the trailing twelve-month figure through Jul 2026 stood at $2.8 billion (down 6.57% YoY), and the FY2025 full-year result was $2.9 billion, up 6.0% from the prior year.
- Operating Expenses rose to $711.9 million in Q3 2026 per HOVNP's latest filing, from $666.2 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.
- Historically, Operating Expenses has averaged $672.3 million across 5 years, with a median of $662.9 million in 2023.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses retreated 12.62% in 2023, then rose 24.55% in 2025.
- Over 5 years, 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 dropped by 11.14% to $711.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $711.9 million, $666.2 million, and $606.7 million for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 40.06 Bn | 38.52 Bn | 2.15 Bn | 991.20 Mn |
| 2 | Pultegroup | 23.32 Bn | 21.94 Bn | 1.06 Bn | 382.97 Mn |
| 3 | Lennar | 17.60 Bn | 15.42 Bn | 7.69 Bn | 7.54 Bn |
| 4 | Nvr | 16.78 Bn | 15.69 Bn | 485.14 Mn | 150.72 Mn |
| 5 | Toll Brothers | 13.05 Bn | 12.01 Bn | 625.22 Mn | 266.07 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 148.85 Mn |
| 7 | Meritage Homes | 4.38 Bn | 3.58 Bn | 254.14 Mn | 144.19 Mn |
| 8 | M | 3.74 Bn | 3.01 Bn | 235.50 Mn | 958.69 Mn |
| 9 | Kb Home | 3.20 Bn | 3.14 Bn | 174.03 Mn | 140.55 Mn |
| 10 | Hovnanian Enterprises | 126.80 Mn | 119.29 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 |