Sportsman'S Warehouse Holdings (SPWH) Operating Expenses (2013 - 2026)
Sportsman'S Warehouse Holdings (SPWH) recorded quarterly Operating Expenses of $96.2 million in Q1 2026, down 8.21% quarter-over-quarter from $104.8 million in Q4 2025, and down 3.74% on a YoY basis from $100.0 million in Q1 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 $393.7 million, up 1.29% from the prior year.
- Operating Expenses was $96.2 million for Q1 2026 at Sportsman'S Warehouse Holdings, down from $104.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $113.4 million in Q1 2022 to a low of $94.3 million in Q3 2024.
- Historically, Operating Expenses has averaged $100.4 million across 5 years, with a median of $100.0 million in 2025.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses gained 10.51% in 2022, then slipped 7.81% in 2024.
- A 5-year view of Operating Expenses shows it stood at $102.3 million in 2022, then dropped by 2.16% to $100.1 million in 2023, then retreated by 0.12% to $100.0 million in 2024, then gained by 4.85% to $104.8 million in 2025, then fell by 8.21% to $96.2 million in 2026.
- The last three Operating Expenses figures came in at $96.2 million (Q1 2026), $104.8 million (Q4 2025), and $97.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 697.64 Mn |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 627.08 Mn |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 1.01 Bn |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 1.57 Bn |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 941.15 Mn |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 1.73 Bn |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | - |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 337.11 Mn |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 279.80 Mn |
| 10 | Sportsman'S Warehouse Holdings | 49.90 Mn | 48.24 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 |