Growth Metrics

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

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

Hovnanian Enterprises (HOVVB) has 17 years of Operating Expenses data on file, last reported at $606.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 5.64% year-over-year to $606.7 million; the trailing twelve-month figure through Jan 2026 stood at $2.9 billion (up 2.25% YoY), and the FY2025 full-year result was $2.9 billion, up 6.0% from the prior year.
  • Operating Expenses for Q1 2026 stood at $606.7 million, 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.
  • The 5-year median for Operating Expenses is $650.2 million (2024), against an average of $670.4 million.
  • The widest annual swing landed in 2023, when Operating Expenses fell 12.62%; it then increased 24.55% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $800.4 million in 2022, then decreased by 4.27% to $766.3 million in 2023, then increased by 14.48% to $877.2 million in 2024, then fell by 8.67% to $801.2 million in 2025, then declined 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Horton D R 42.35 Bn 41.00 Bn 1.70 Bn 903.30 Mn
2 Pultegroup 22.70 Bn 20.89 Bn 881.27 Mn 380.33 Mn
3 Lennar 21.95 Bn 19.75 Bn 6.36 Bn 6.40 Bn
4 Nvr 16.98 Bn 15.33 Bn 1.31 Bn 156.97 Mn
5 Toll Brothers 13.26 Bn 12.07 Bn 476.99 Mn 257.94 Mn
6 Installed Building Products 5.63 Bn 5.15 Bn 212.30 Mn 154.70 Mn
7 Taylor Morrison Home 5.62 Bn 5.62 Bn 290.64 Mn 58.97 Mn
8 Meritage Homes 4.40 Bn 3.63 Bn -269,000.00 51.40 Mn
9 Cavco Industries 4.23 Bn 4.20 Bn 135.92 Mn 81.36 Mn
10 Hovnanian Enterprises - - 417.00 Mn 606.69 Mn

Historic Data

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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
Jan 31, 2021 557.00 Mn
Oct 31, 2020 644.06 Mn
Jul 31, 2020 621.63 Mn
Apr 30, 2020 540.22 Mn
Jan 31, 2020 512.49 Mn
Oct 31, 2019 680.12 Mn
Jul 31, 2019 492.85 Mn
Apr 30, 2019 462.86 Mn
Jan 31, 2019 407.26 Mn
Oct 31, 2018 582.00 Mn
Jul 31, 2018 463.10 Mn
Apr 30, 2018 512.03 Mn
Jan 31, 2018 442.46 Mn
Oct 31, 2017 703.96 Mn
Jul 31, 2017 596.07 Mn
Apr 30, 2017 588.83 Mn
Jan 31, 2017 557.67 Mn
Oct 31, 2016 760.17 Mn
Jul 31, 2016 711.79 Mn
Apr 30, 2016 661.31 Mn
Jan 31, 2016 575.64 Mn
Oct 31, 2015 653.08 Mn
Jul 31, 2015 549.09 Mn
Apr 30, 2015 495.59 Mn
Jan 31, 2015 464.62 Mn
Oct 31, 2014 663.15 Mn
Jul 31, 2014 535.11 Mn
Apr 30, 2014 456.62 Mn
Jan 31, 2014 389.85 Mn
Oct 31, 2013 561.06 Mn
Jul 31, 2013 471.04 Mn
Apr 30, 2013 422.90 Mn
Jan 31, 2013 380.64 Mn
Oct 31, 2012 482.00 Mn
Jul 31, 2012 395.22 Mn
Apr 30, 2012 364.68 Mn
Jan 31, 2012 308.51 Mn
Oct 31, 2011 387.60 Mn
Jul 31, 2011 326.12 Mn
Apr 30, 2011 306.98 Mn
Jan 31, 2011 302.61 Mn
Oct 31, 2010 487.31 Mn
Jul 31, 2010 464.83 Mn