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% quarter-over-quarter from $104.8 million in Q4 2025.
Sportsman'S Warehouse Holdings (SPWH) Operating Expenses (2013 - 2026) Analysis & Trends
Sportsman'S Warehouse Holdings' Operating Expenses history runs 14 years deep, the most recent figure standing at $96.2 million for 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 $487.9 million, up 1.2% from the prior year.
- Operating Expenses for Q1 2026 stood at $96.2 million, 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.
- The 5-year median for Operating Expenses is $100.0 million (2025), against an average of $100.4 million.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses rose 10.51% in 2022, then decreased 7.81% in 2024.
- Sportsman'S Warehouse Holdings' Operating Expenses stood at $102.3 million in 2022, then slipped by 2.16% to $100.1 million in 2023, then fell by 0.12% to $100.0 million in 2024, then rose by 4.85% to $104.8 million in 2025, then declined by 8.21% to $96.2 million in 2026.
- Business Quant data shows SPWH's Operating Expenses at $96.2 million in Q1 2026, $104.8 million in Q4 2025, and $97.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.86 Bn | 30.34 Bn | 1.08 Bn | 730.02 Mn |
| 2 | Williams Sonoma | 28.83 Bn | 27.81 Bn | 1.10 Bn | 627.08 Mn |
| 3 | Ulta Beauty | 22.86 Bn | 22.64 Bn | 1.27 Bn | 819.36 Mn |
| 4 | Tractor Supply | 18.25 Bn | 18.02 Bn | 1.68 Bn | 1.02 Bn |
| 5 | Best Buy | 18.12 Bn | 16.37 Bn | 2.10 Bn | 1.73 Bn |
| 6 | Dick'S Sporting Goods | 16.18 Bn | 15.18 Bn | 1.68 Bn | 1.22 Bn |
| 7 | Five Below | 13.82 Bn | 12.71 Bn | 478.64 Mn | 273.28 Mn |
| 8 | Murphy USA | 10.46 Bn | 10.28 Bn | 746.50 Mn | 6.50 Bn |
| 9 | Bath & Body Works | 4.03 Bn | 3.08 Bn | 1.24 Bn | 645.00 Mn |
| 10 | Sportsman'S Warehouse Holdings | 44.77 Mn | 42.72 Mn | 75.78 Mn | 93.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 93.89 Mn |
| 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 |