Sportsman'S Warehouse Holdings (SPWH) Operating Expenses (2013 - 2026)
Sportsman'S Warehouse Holdings (SPWH) posted quarterly Operating Expenses of $96.2 million for Q1 2026, down 3.74% year-over-year from $100.0 million in Q1 2025, and down 8.21% on a QoQ basis from $104.8 million in Q4 2025.
Sportsman'S Warehouse Holdings (SPWH) Operating Expenses (2013 - 2026) Analysis & Trends
Sportsman'S Warehouse Holdings (SPWH) has reported Operating Expenses for 14 consecutive years, with $96.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 3.74% year-over-year to $96.2 million; the TTM figure through Jan 2026 stood at $393.7 million (up 1.29% YoY), while the FY2026 annual figure was $393.7 million, up 1.29% from the prior year.
- Operating Expenses came in at $96.2 million for Q1 2026 at Sportsman'S Warehouse Holdings, down from $104.8 million in the prior quarter.
- The five-year high for Operating Expenses was $113.4 million in Q1 2022, with the low at $94.3 million in Q3 2024.
- Average Operating Expenses over 5 years is $100.4 million, with a median of $100.0 million recorded in 2025.
- Across the five-year window, Operating Expenses grew 10.51% in 2022 and fell 7.81% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $102.3 million in 2022, then retreated by 2.16% to $100.1 million in 2023, then dropped by 0.12% to $100.0 million in 2024, then grew by 4.85% to $104.8 million in 2025, then slipped by 8.21% to $96.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $96.2 million, $104.8 million, and $97.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | NaaS Technology | 29.20 Bn | 29.20 Bn | - | - |
| 2 | Caseys General Stores | 28.94 Bn | 28.48 Bn | 1.08 Bn | 730.02 Mn |
| 3 | Williams Sonoma | 27.71 Bn | 26.69 Bn | 1.10 Bn | 627.08 Mn |
| 4 | Dick'S Sporting Goods | 19.10 Bn | 17.75 Bn | 1.77 Bn | 1.57 Bn |
| 5 | Tractor Supply | 16.98 Bn | 16.76 Bn | 1.30 Bn | 941.15 Mn |
| 6 | Best Buy | 16.25 Bn | 14.50 Bn | 2.10 Bn | 1.73 Bn |
| 7 | Murphy USA | 10.35 Bn | 10.23 Bn | 3.98 Bn | 279.80 Mn |
| 8 | Five Below | 10.07 Bn | 9.13 Bn | 696.98 Mn | 337.11 Mn |
| 9 | Winmark | 8.93 Bn | 8.93 Bn | 20.23 Mn | 7.87 Mn |
| 10 | Sportsman'S Warehouse Holdings | 501,799.98 | -1.16 Mn | 95.21 Mn | 96.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 96.24 Mn |
| Nov 1, 2025 | 104.84 Mn |
| Aug 2, 2025 | 97.32 Mn |
| May 3, 2025 | 95.33 Mn |
| Feb 1, 2025 | 99.98 Mn |
| Nov 2, 2024 | 99.99 Mn |
| Aug 3, 2024 | 94.34 Mn |
| May 4, 2024 | 94.41 Mn |
| Feb 3, 2024 | 107.30 Mn |
| Oct 28, 2023 | 100.11 Mn |
| Jul 29, 2023 | 102.33 Mn |
| Apr 29, 2023 | 99.00 Mn |
| Jan 28, 2023 | 106.75 Mn |
| Oct 29, 2022 | 102.32 Mn |
| Jul 30, 2022 | 97.02 Mn |
| Apr 30, 2022 | 96.09 Mn |
| Jan 29, 2022 | 113.42 Mn |
| Oct 30, 2021 | 99.97 Mn |
| Jul 31, 2021 | 95.87 Mn |
| May 1, 2021 | 90.42 Mn |