Berkshire Hathaway Inc. (BRK-B) 10-Year Financial Performance & Capital Metrics

BRK-B • • Insurance & Managed Care

Financial ServicesDiversified InsuranceMulti-Line InsuranceGlobal Multi-Line Insurers

AboutBerkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets. In addition, the company manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; flooring products; insulation, roofing, and engineered products; building and engineered components; paints and coatings; and bricks and masonry products, as well as offers manufactured and site-built home construction, and related lending and financial services. Further, it provides recreational vehicles, apparel and footwear products, jewelry, and custom picture framing products, as well as alkaline batteries; castings, forgings, fasteners/fastener systems, aerostructures, and precision components; and cobalt, nickel, and titanium alloys. Additionally, the company distributes televisions and information; franchises and services quick service restaurants; distributes electronic components; and offers logistics services, grocery and foodservice distribution services, and professional aviation training and shared aircraft ownership programs. It also retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and computers; jewelry, watches, crystal, china, stemware, flatware, gifts, and collectibles; kitchenware; and motorcycle clothing and equipment. The company was incorporated in 1998 and is headquartered in Omaha, Nebraska.Show more

Revenue $371.43B -15.5%
Combined Ratio 84% +15.6%
Net Income $89B -7.5%
Return on Equity 14.56% -20.4%
Medical Cost Ratio 76.69% +46.2%
Operating Margin 16% -41.5%
Net Margin 23.96% +9.4%
ROA 8% -16.1%
Equity / Assets 56.48% +5.9%
Book Value per Share 302.17 +15.1%
Tangible BV/Share 246.69 +19.4%
Debt/Equity 0.22 -5.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Profitable underwriting: 84.0% combined ratio

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.67%

5Y2.57%

3Y1.55%

TTM-16.41%

Profit (Net Income) CAGR

10Y16.17%

5Y1.8%

3Y-0.35%

TTM-36.88%

EPS CAGR

10Y17.74%

5Y4.44%

3Y1.35%

TTM-36.83%

ROCE

10Y Avg6.69%

5Y Avg6.98%

3Y Avg5%

Latest5.7%

Peer Comparison

Global Multi-Line Insurers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BRK-BBerkshire Hathaway Inc.	676.28B	492.62	11.94	-15.46%	17.82%	9.6%	1.72%	0.22
BRK-ABerkshire Hathaway Inc.	386.34B	738691.00	11.93	1.24%	17.95%	9.63%	3.01%	0.20
AIGAmerican International Group, Inc.	39.94B	74.03	-34.12	-2.46%	11.9%	7.93%	8.19%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	210.94B	223.42B	242.06B	225.38B	327.22B	286.32B	354.73B	234.12B	439.34B	371.43B
Revenue Growth %	0.08%	0.06%	0.08%	-0.07%	0.45%	-0.12%	0.24%	-0.34%	0.88%	-0.15%
Medical Costs & Claims+	118.97B	133.9B	158.85B	151.69B	156.48B	150.85B	169.93B	187.21B	230.5B	284.86B
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	91.97B	89.51B	83.21B	73.69B	170.74B	135.47B	184.8B	46.91B	208.84B	86.58B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.09%	-0.03%	-0.07%	-0.11%	1.32%	-0.21%	0.36%	-0.75%	3.45%	-0.59%
Operating Expenses+	57.03B	55.85B	59.37B	69.69B	68.04B	79.78B	72.94B	77.41B	88.67B	27.14B
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	7.78B	8.9B	9.19B	9.78B	10.06B	10.6B	10.72B	10.9B	12.49B	12.86B
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	34.95B	33.67B	23.84B	4B	102.7B	55.69B	111.86B	-30.5B	120.17B	59.44B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.24%	-0.04%	-0.29%	-0.83%	24.67%	-0.46%	1.01%	-1.27%	4.94%	-0.51%
EBITDA+	42.73B	42.57B	33.03B	13.78B	112.76B	66.29B	122.58B	-19.6B	132.65B	72.29B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	3.52B	3.74B	4.39B	3.85B	3.96B	4.08B	4.17B	4.35B	5B	5.2B
Non-Operating Income	-3.52B	-3.74B	-4.39B	-3.85B	-3.96B	-4.08B	-4.17B	-4.35B	-5B	-56.14B
Pretax Income+	34.95B	33.67B	23.84B	4B	102.7B	55.69B	111.86B	-30.5B	120.17B	110.38B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	10.53B	9.24B	-21.52B	-321M	20.9B	12.44B	20.91B	-8.5B	23.02B	20.82B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	24.08B	24.07B	44.94B	4.02B	81.42B	42.52B	89.94B	-22.76B	96.22B	89B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.21%	-0%	0.87%	-0.91%	19.25%	-0.48%	1.12%	-1.25%	5.23%	-0.08%
EPS (Diluted)+	9.77	9.76	18.22	1.63	33.22	17.78	39.64	-10.36	44.27	41.27
EPS Growth %	0.21%	-0%	0.87%	-0.91%	19.38%	-0.46%	1.23%	-1.26%	5.27%	-0.07%
EPS (Basic)	9.77	9.76	18.22	1.63	33.22	17.78	39.64	-10.36	44.27	41.27
Diluted Shares Outstanding	2.46B	2.47B	2.47B	2.47B	2.45B	2.39B	2.27B	2.2B	2.17B	2.16B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	552.26B	620.85B	702.1B	707.79B	817.73B	873.73B	958.78B	948.47B	1.07T	1.15T
Asset Growth %	0.05%	0.12%	0.13%	0.01%	0.16%	0.07%	0.1%	-0.01%	0.13%	0.08%
Total Investment Assets+	187.66B	236.56B	298.06B	292.11B	348.64B	409.86B	443.91B	455.92B	537.24B	605.41B
Long-Term Investments	183.09B	178.24B	213.69B	210.6B	284.82B	319.56B	385.38B	363.15B	407.62B	318.93B
Short-Term Investments	4.57B	58.32B	84.37B	81.51B	63.82B	90.3B	58.53B	92.77B	129.62B	286.47B
Total Current Assets+	119.72B	142.49B	179.99B	182.45B	201.21B	212.55B	227.99B	225.44B	267.74B	434.4B
Cash & Equivalents	67.16B	28.05B	31.58B	30.36B	64.17B	47.99B	88.18B	35.81B	38.02B	47.73B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	72.5B	113.57B	114.44B	113.17B	113.53B	104.42B	103.51B	108.6B	121.77B	119.65B
Goodwill	62.71B	79.49B	81.26B	81.03B	81.88B	73.73B	73.88B	78.12B	84.63B	83.88B
Intangible Assets	9.8B	34.09B	33.18B	32.15B	31.65B	30.68B	29.64B	30.48B	37.14B	35.77B
PP&E (Net)	145.17B	152.77B	158.22B	166.71B	180.28B	192.6B	196.37B	201.94B	221.87B	228.77B
Other Assets	29.11B	30.42B	32.46B	32.76B	-28.91B	-29.49B	-44.71B	-27.68B	-42.03B	52.12B
Total Liabilities	293.63B	335.43B	350.14B	355.29B	389.17B	422.39B	443.85B	466.78B	499.21B	502.23B
Total Debt+	72.34B	86.26B	102.59B	97.49B	109.25B	122.36B	119.25B	127.68B	133.57B	143.53B
Net Debt	5.18B	58.21B	71B	67.13B	45.08B	74.37B	31.07B	91.87B	95.55B	95.8B
Long-Term Debt	82.3B	91.39B	96.27B	85.28B	92.95B	107.5B	108.12B	109.78B	114.41B	115.4B
Short-Term Debt	1.99B	10.26B	6.32B	12.21B	11.79B	10.74B	7.38B	14.24B	15.28B	23.63B
Total Current Liabilities+	33.02B	45.15B	42.14B	49.29B	48.16B	49.65B	48.08B	58.88B	64.63B	73.11B
Accounts Payable	31.03B	33.45B	35.82B	37.08B	36.36B	38.91B	40.7B	44.63B	49.35B	49.48B
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	101.87B	210.25B	139.09B	151.26B	156.97B	165.62B	170.14B	188.44B	192.77B	192.54B
Total Equity+	258.63B	285.43B	351.95B	352.5B	428.56B	451.34B	514.93B	481.68B	570.77B	651.65B
Equity Growth %	0.06%	0.1%	0.23%	0%	0.22%	0.05%	0.14%	-0.06%	0.18%	0.14%
Shareholders Equity	255.55B	282.07B	348.3B	348.7B	424.79B	443.16B	506.2B	473.42B	561.27B	649.37B
Minority Interest	3.08B	3.36B	3.66B	3.8B	3.77B	8.17B	8.73B	8.26B	9.5B	2.29B
Retained Earnings	187.7B	210.85B	255.79B	321.11B	402.49B	444.63B	534.42B	511.13B	607.35B	696.22B
Common Stock	8M	8M	8M	8M	8M	8M	8M	8M	8M	8M
Accumulated OCI	33.98B	37.3B	58.57B	-5.01B	-5.24B	-4.24B	-4.03B	-5.05B	-3.76B	-3.58B
Return on Equity (ROE)	0.1%	0.09%	0.14%	0.01%	0.21%	0.1%	0.19%	-0.05%	0.18%	0.15%
Return on Assets (ROA)	0.04%	0.04%	0.07%	0.01%	0.11%	0.05%	0.1%	-0.02%	0.1%	0.08%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	0.28x	0.30x	0.29x	0.28x	0.25x	0.27x	0.23x	0.27x	0.23x	0.22x
Book Value per Share	104.93	115.76	142.67	142.96	174.86	188.71	227.32	218.62	262.63	302.17
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	31.49B	32.53B	45.78B	37.4B	38.69B	39.77B	39.42B	37.22B	49.2B	30.59B
Operating CF Growth %	-0.02%	0.03%	0.41%	-0.18%	0.03%	0.03%	-0.01%	-0.06%	0.32%	-0.38%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	24.41B	24.43B	45.35B	4.32B	81.79B	43.25B	90.81B	-22.06B	97.15B	89.56B
Depreciation & Amortization	7.78B	8.9B	9.19B	9.78B	10.06B	10.6B	10.72B	10.9B	12.49B	12.86B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-8.62B	-7.71B	-952M	25.11B	-72.38B	-29.64B	-80.97B	63.3B	-80.88B	-65.04B
Working Capital Changes	7.92B	6.92B	-7.81B	-1.81B	19.21B	15.57B	18.87B	-14.92B	20.44B	-6.78B
Cash from Investing+	-26.67B	-84.27B	-41.09B	-32.85B	-5.62B	-37.76B	29.39B	-87.6B	-32.66B	-10.29B
Capital Expenditures	-16.08B	-12.95B	-11.71B	-14.54B	-15.98B	-13.01B	-13.28B	-15.46B	-19.41B	-18.98B
Acquisitions	-4.9B	-31.4B	-2.71B	-3.28B	-1.68B	-2.53B	-456M	-10.59B	-8.6B	-396M
Purchase of Investments	-23.66B	-113.08B	-178.82B	-185.05B	-154.76B	-238.59B	-161.09B	-251.85B	-251.47B	-536.08B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	478M	-236M	-3.42B	-1.5B	-1.23B	-3.96B	770M	239M	685M	-195M
Cash from Financing+	3.8B	12.79B	-1.4B	-5.81B	730M	-18.34B	-28.51B	-1.66B	-14.4B	-10.36B
Dividends Paid	-3.94B	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	-1.35B	-4.85B	-24.71B	-27.06B	-7.85B	-9.17B	-2.92B
Stock Issued	0	0	0	0	0	0	0	0	0	0
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	3.71B	112M	-121M	-343M	-497M	-429M	-695M	-1.98B	-4.15B	-5.62B
Net Change in Cash+	8.46B	-39.11B	3.54B	-1.4B	33.82B	-16.24B	40.31B	-52.31B	2.24B	9.73B
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	-1000K
Cash at Beginning	63.27B	67.16B	28.05B	32.21B	30.81B	64.63B	48.4B	88.71B	36.4B	38.64B
Cash at End	71.73B	28.05B	31.58B	30.81B	64.63B	48.4B	88.71B	36.4B	38.64B	48.38B
Free Cash Flow+	15.41B	19.58B	34.07B	22.86B	22.71B	26.76B	26.14B	21.76B	29.79B	11.62B
FCF Growth %	-0.08%	0.27%	0.74%	-0.33%	-0.01%	0.18%	-0.02%	-0.17%	0.37%	-0.61%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	6.25	7.94	13.81	9.27	9.27	11.19	11.54	9.88	13.71	5.39

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	83.43%	84.93%	90.15%	98.22%	68.62%	80.55%	68.47%	113.03%	72.65%	84%
Medical Cost Ratio	56.4%	59.93%	65.62%	67.3%	47.82%	52.69%	47.9%	79.96%	52.46%	76.69%
Return on Equity (ROE)	9.6%	8.85%	14.1%	1.14%	20.85%	9.66%	18.62%	-4.57%	18.29%	14.56%
Return on Assets (ROA)	4.47%	4.1%	6.79%	0.57%	10.67%	5.03%	9.82%	-2.39%	9.53%	8%
Equity / Assets	46.83%	45.97%	50.13%	49.8%	52.41%	51.66%	53.71%	50.79%	53.34%	56.48%
Book Value / Share	104.93	115.76	142.67	142.96	174.86	188.71	227.32	218.62	262.63	302.17
Debt / Equity	0.28x	0.30x	0.29x	0.28x	0.25x	0.27x	0.23x	0.27x	0.23x	0.22x
Revenue Growth	8.34%	5.91%	8.34%	-6.89%	45.19%	-12.5%	23.89%	-34%	87.65%	-15.46%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Berkshire Hathaway Insurance Group	45.86B	50.4B	65.51B	62.94B	67.69B	69.36B	75.14B	82.38B	95.02B	105.07B
Berkshire Hathaway Insurance Group Growth	-	9.92%	29.97%	-3.93%	7.56%	2.46%	8.33%	9.63%	15.35%	10.57%
Manufacturing Businesses	36.14B	46.51B	50.45B	61.88B	62.73B	59.08B	68.73B	75.78B	75.41B	77.23B
Manufacturing Businesses Growth	-	28.70%	8.47%	22.67%	1.37%	-5.82%	16.34%	10.26%	-0.50%	2.42%
Mc Lane Company	48.22B	48.08B	49.77B	49.99B	50.46B	46.84B	49.45B	53.21B	52.61B	51.91B
Mc Lane Company Growth	-	-0.31%	3.54%	0.43%	0.94%	-7.17%	5.57%	7.60%	-1.13%	-1.33%
Pilot Travel Centers ("Pilot)	-	-	-	-	-	-	-	-	51.74B	46.89B
Pilot Travel Centers ("Pilot) Growth	-	-	-	-	-	-	-	-	-	-9.37%
Service And Retailing Businesses	23.47B	25.48B	26.31B	28.94B	29.49B	28.18B	34.83B	38.3B	40B	39.87B
Service And Retailing Businesses Growth	-	8.57%	3.28%	9.98%	1.89%	-4.44%	23.61%	9.96%	4.42%	-0.31%
Berkshire Hathaway Energy Company	18.23B	17.86B	18.94B	19.99B	20.11B	21.03B	24.99B	26.39B	26.01B	26.35B
Berkshire Hathaway Energy Company Growth	-	-2.04%	6.05%	5.53%	0.64%	4.56%	18.81%	5.63%	-1.46%	1.31%
Burlington Northern Santa Fe Corporation	21.97B	19.83B	21.39B	23.86B	23.52B	20.87B	23.28B	25.89B	23.88B	23.57B
Burlington Northern Santa Fe Corporation Growth	-	-9.73%	7.86%	11.54%	-1.43%	-11.25%	11.56%	11.19%	-7.77%	-1.27%
Finance and Financial Products Reportable	6.96B	7.67B	8.38B	-	-	-	-	-	-	-
Finance and Financial Products Reportable Growth	-	10.21%	9.13%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Berkshire Hathaway Inc. (BRK-B) has a price-to-earnings (P/E) ratio of 11.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Berkshire Hathaway Inc. (BRK-B) saw revenue decline by 15.5% over the past year.

Yes, Berkshire Hathaway Inc. (BRK-B) is profitable, generating $67.46B in net income for fiscal year 2024 (24.0% net margin).

Dividend & Returns

Berkshire Hathaway Inc. (BRK-B) has a return on equity (ROE) of 14.6%. This is reasonable for most industries.

Industry Metrics

Berkshire Hathaway Inc. (BRK-B) has a combined ratio of 84.0%. A ratio below 100% indicates underwriting profitability.

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