8-K Announcements
6Apr 16, 2026·SEC
Mar 5, 2026·SEC
Mar 2, 2026·SEC
Berkshire Hathaway Inc. (BRK-B) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Berkshire Hathaway Inc. (BRK-B) stock price & volume — 10-year historical chart
Berkshire Hathaway Inc. (BRK-B) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Berkshire Hathaway Inc. (BRK-B) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 2, 2026 | $5.25vs $5.08+3.3% | $93.7Bvs $92.9B+0.8% |
| Q2 2026 | Mar 2, 2026 | $4.73vs $5.51-14.2% | $100.7Bvs $97.0B+3.8% |
| Q1 2026 | Feb 28, 2026 | $8.90vs $5.51+61.5% | $94.2Bvs $95.6B-1.4% |
| Q4 2025 | Nov 3, 2025 | $14.27vs $5.39+164.7% | $95.0Bvs $99.2B-4.2% |
Berkshire Hathaway Inc. (BRK-B) competitors in Commercial and specialty P&C insurers — business model, growth, and fundamentals comparison
Berkshire Hathaway Inc. (BRK-B) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Berkshire Hathaway Inc. (BRK-B) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 239.93B | 247.84B | 254.62B | 245.51B | 276.09B | 302.02B | 364.48B | 371.43B | 371.44B | 375.39B |
| Revenue Growth % | 11.4% | 3.29% | 2.74% | -3.58% | 12.46% | 9.39% | 20.68% | 1.91% | 0% | 1.11% |
| Medical Costs & Claims | 197.66B | 197.12B | 202.42B | 196.73B | 220.93B | 242.63B | 293.54B | 284.86B | 283.67B | 281.04B |
| Medical Cost Ratio % | 82.38% | 79.54% | 79.5% | 80.13% | 80.02% | 80.33% | 80.54% | 76.69% | 76.37% | 74.86% |
| Gross Profit | 42.27B▲ 0% | 50.71B▲ 20.0% | 52.2B▲ 2.9% | 48.78B▼ 6.5% | 55.16B▲ 13.1% | 59.39B▲ 7.7% | 70.95B▲ 19.4% | 86.58B▲ 22.0% | 87.78B▲ 1.4% | 94.36B▲ 0% |
| Gross Margin % | 17.62% | 20.46% | 20.5% | 19.87% | 19.98% | 19.67% | 19.46% | 23.31% | 23.63% | 25.14% |
| Gross Profit Growth % | -8.58% | 19.97% | 2.92% | -6.54% | 13.08% | 7.67% | 19.45% | 22.03% | 1.38% | - |
| Operating Expenses | 18.2B | 18.6B | 19.51B | 18.81B | 20.14B | 17.81B | 22.82B | 27.14B | 28.89B | 34.08B |
| OpEx / Revenue % | 7.59% | 7.51% | 7.66% | 7.66% | 7.3% | 5.9% | 6.26% | 7.31% | 7.78% | 9.08% |
| Depreciation & Amortization | 9.19B | 9.78B | 10.06B | 10.6B | 10.72B | 10.9B | 12.49B | 12.86B | 13.48B | 10.21B |
| Combined Ratio % | 89.97% | 87.04% | 87.16% | 87.79% | 87.32% | 86.23% | 86.8% | 84% | 84.15% | 83.94% |
| Operating Income | 24.07B▲ 0% | 32.11B▲ 33.4% | 32.68B▲ 1.8% | 29.98B▼ 8.3% | 35.02B▲ 16.8% | 41.59B▲ 18.8% | 48.12B▲ 15.7% | 59.44B▲ 23.5% | 58.88B▼ 0.9% | 60.28B▲ 0% |
| Operating Margin % | 10.03% | 12.96% | 12.84% | 12.21% | 12.68% | 13.77% | 13.2% | 16% | 15.85% | 16.06% |
| Operating Income Growth % | -14.09% | 33.39% | 1.78% | -8.28% | 16.83% | 18.75% | 15.72% | 23.51% | -0.94% | - |
| EBITDA | 33.26B | 41.89B | 42.75B | 40.57B | 45.74B | 52.49B | 60.61B | 72.29B | 72.36B | 71.92B |
| EBITDA Margin % | 13.86% | 16.9% | 16.79% | 16.53% | 16.57% | 17.38% | 16.63% | 19.46% | 19.48% | 19.16% |
| Interest Expense | 4.39B | 3.85B | 3.96B | 4.08B | 4.17B | 4.35B | 5B | 5.2B | 5.07B | 4.18B |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.43B |
| Pretax Income | 23.84B▲ 0% | 4B▼ 83.2% | 102.7B▲ 2466.8% | 55.69B▼ 45.8% | 111.86B▲ 100.9% | -30.5B▼ 127.3% | 120.17B▲ 494.0% | 110.38B▼ 8.1% | 82.46B▼ 25.3% | 89.63B▲ 0% |
| Pretax Margin % | 9.94% | 1.61% | 40.33% | 22.68% | 40.52% | -10.1% | 32.97% | 29.72% | 22.2% | 23.88% |
| Income Tax | -21.52B | -321M | 20.9B | 12.44B | 20.91B | -8.5B | 23.02B | 20.82B | 15.2B | 16.86B |
| Effective Tax Rate % | -90.26% | -8.02% | 20.36% | 22.34% | 18.69% | 27.88% | 19.16% | 18.86% | 18.43% | 18.81% |
| Net Income | 44.94B▲ 0% | 4.02B▼ 91.1% | 81.42B▲ 1924.8% | 42.52B▼ 47.8% | 89.94B▲ 111.5% | -22.76B▼ 125.3% | 96.22B▲ 522.8% | 89B▼ 7.5% | 66.97B▼ 24.8% | 72.54B▲ 0% |
| Net Margin % | 18.73% | 1.62% | 31.98% | 17.32% | 32.57% | -7.54% | 26.4% | 23.96% | 18.03% | 19.32% |
| Net Income Growth % | 86.67% | -91.05% | 1924.79% | -47.77% | 111.51% | -125.31% | 522.79% | -7.51% | -24.75% | -10.32% |
| EPS (Diluted) | 18.22▲ 0% | 1.63▼ 91.1% | 33.22▲ 1938.0% | 17.78▼ 46.5% | 39.64▲ 122.9% | -10.36▼ 126.1% | 44.27▲ 527.3% | 41.27▼ 6.8% | 31.04▼ 24.8% | 33.63▲ 0% |
| EPS Growth % | 86.68% | -91.05% | 1938.04% | -46.48% | 122.95% | -126.14% | 527.32% | -6.78% | -24.79% | -22.95% |
| EPS (Basic) | 18.22 | 1.63 | 33.22 | 17.78 | 39.64 | -10.36 | 44.27 | 41.27 | 31.04 | - |
| Diluted Shares Outstanding | 2.47B | 2.47B | 2.45B | 2.39B | 2.27B | 2.2B | 2.17B | 2.16B | 2.16B | 2.16B |
Berkshire Hathaway Inc. (BRK-B) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 702.1B | 707.79B | 817.73B | 873.73B | 958.78B | 948.47B | 1.07T | 1.15T | 1.22T | 1.25T |
| Asset Growth % | 13.09% | 0.81% | 15.53% | 6.85% | 9.73% | -1.08% | 12.81% | 7.84% | 5.92% | 25.28% |
| Total Investment Assets | 298.06B | 292.11B | 348.64B | 409.86B | 443.91B | 455.92B | 537.24B | 605.41B | 657.84B | 4M |
| Long-Term Investments | 213.69B | 210.6B | 284.82B | 319.56B | 385.38B | 363.15B | 407.62B | 318.93B | 336.4B | 1.3T |
| Short-Term Investments | 84.37B | 81.51B | 63.82B | 90.3B | 58.53B | 92.77B | 129.62B | 286.47B | 321.43B | 339.26B |
| Total Current Assets | 179.99B | 182.45B | 201.21B | 212.55B | 227.99B | 225.44B | 267.74B | 434.4B | 476.29B | 504.77B |
| Cash & Equivalents | 31.58B | 30.36B | 64.17B | 47.99B | 88.18B | 35.81B | 38.02B | 47.73B | 51.88B | 58.12B |
| Receivables | 46.67B | 51.51B | 53.36B | 55.05B | 60.32B | 71.49B | 75.94B | 76.19B | 78.55B | 323.72B |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 114.44B | 113.17B | 113.53B | 104.42B | 103.51B | 108.6B | 121.77B | 119.65B | 117.92B | 474.44B |
| Goodwill | 81.26B | 81.03B | 81.88B | 73.73B | 73.88B | 78.12B | 84.63B | 83.88B | 83.07B | 83.18B |
| Intangible Assets | 33.18B | 32.15B | 31.65B | 30.68B | 29.64B | 30.48B | 37.14B | 35.77B | 34.84B | 34.27B |
| PP&E (Net) | 158.22B | 166.71B | 180.28B | 192.6B | 196.37B | 201.94B | 221.87B | 228.77B | 241.18B | 241.74B |
| Other Assets | 32.46B | 32.76B | -28.91B | -29.49B | -44.71B | -27.68B | -42.03B | 52.12B | 50.39B | 62.65B |
| Total Liabilities | 350.14B | 355.29B | 389.17B | 422.39B | 443.85B | 466.78B | 499.21B | 502.23B | 502.47B | 522.82B |
| Total Debt | 102.59B | 97.49B | 109.25B | 122.36B | 119.25B | 127.68B | 133.57B | 143.53B | 138.95B | 146.12B |
| Net Debt | 71B | 67.13B | 45.08B | 74.37B | 31.07B | 91.87B | 95.55B | 95.8B | 87.08B | 87.99B |
| Long-Term Debt | 96.27B | 85.28B | 92.95B | 107.5B | 108.12B | 109.78B | 114.41B | 115.4B | 120.83B | 128.89B |
| Short-Term Debt | 6.32B | 12.21B | 11.79B | 10.74B | 7.38B | 14.24B | 15.28B | 23.63B | 13.27B | 17.23B |
| Total Current Liabilities | 42.14B | 49.29B | 48.16B | 49.65B | 48.08B | 58.88B | 64.63B | 73.11B | 70.54B | 118.09B |
| Accounts Payable | 35.82B | 37.08B | 36.36B | 38.91B | 40.7B | 44.63B | 49.35B | 49.48B | 57.27B | 58.22B |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.75B |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.9B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 346.02B |
| Other Liabilities | 139.09B | 151.26B | 156.97B | 165.62B | 170.14B | 188.44B | 192.77B | 192.54B | 187.96B | 187.16B |
| Total Equity | 351.95B▲ 0% | 352.5B▲ 0.2% | 428.56B▲ 21.6% | 451.34B▲ 5.3% | 514.93B▲ 14.1% | 481.68B▼ 6.5% | 570.77B▲ 18.5% | 651.65B▲ 14.2% | 719.7B▲ 10.4% | 729.45B▲ 0% |
| Equity Growth % | 23.31% | 0.16% | 21.58% | 5.31% | 14.09% | -6.46% | 18.5% | 14.17% | 10.44% | 42.62% |
| Shareholders Equity | 348.3B | 348.7B | 424.79B | 443.16B | 506.2B | 473.42B | 561.27B | 649.37B | 717.42B | 727.18B |
| Minority Interest | 3.66B | 3.8B | 3.77B | 8.17B | 8.73B | 8.26B | 9.5B | 2.29B | 2.28B | 2.27B |
| Retained Earnings | 255.79B | 321.11B | 402.49B | 444.63B | 534.42B | 511.13B | 607.35B | 696.22B | 763.19B | 773.29B |
| Common Stock | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M |
| Accumulated OCI | 58.57B | -5.01B | -5.24B | -4.24B | -4.03B | -5.05B | -3.76B | -3.58B | -2.45B | -2.51B |
| Return on Equity (ROE) | 14.1% | 1.14% | 20.85% | 9.66% | 18.62% | -4.57% | 18.29% | 14.56% | 9.77% | 10.29% |
| Return on Assets (ROA) | 6.79% | 0.57% | 10.67% | 5.03% | 9.82% | -2.39% | 9.53% | 8% | 5.64% | 5.97% |
| Equity / Assets | 50.13% | 49.8% | 52.41% | 51.66% | 53.71% | 50.79% | 53.34% | 56.48% | 58.89% | 58.25% |
| Debt / Equity | 0.29x | 0.28x | 0.25x | 0.27x | 0.23x | 0.27x | 0.23x | 0.22x | 0.19x | 0.19x |
| Book Value per Share | 142.67 | 142.96 | 174.86 | 188.71 | 227.32 | 218.62 | 262.63 | 302.17 | 333.61 | 338.15 |
| Tangible BV per Share | 96.28 | 97.06 | 128.54 | 145.05 | 181.62 | 169.33 | 206.60 | 246.69 | 278.95 | 283.70 |
Berkshire Hathaway Inc. (BRK-B) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 45.78B | 37.4B | 38.69B | 39.77B | 39.42B | 37.22B | 49.2B | 30.59B | 45.97B | 45.97B |
| Operating CF Growth % | 40.7% | -18.3% | 3.44% | 2.81% | -0.89% | -5.57% | 32.16% | -37.82% | 50.26% | 776.86% |
| Operating CF / Revenue % | 19.08% | 15.09% | 15.19% | 16.2% | 14.28% | 12.33% | 13.5% | 8.24% | 12.38% | 12.25% |
| Net Income | 45.35B | 4.32B | 81.79B | 43.25B | 90.81B | -22.06B | 97.15B | 89.56B | 66.97B | 72.54B |
| Depreciation & Amortization | 9.19B | 9.78B | 10.06B | 10.6B | 10.72B | 10.9B | 12.49B | 12.86B | 13.48B | 13.72B |
| 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 | -952M | 25.11B | -72.38B | -29.64B | -80.97B | 63.3B | -80.88B | -65.04B | -36.83B | -43.52B |
| Working Capital Changes | -7.81B | -1.81B | 19.21B | 15.57B | 18.87B | -14.92B | 20.44B | -6.78B | 2.35B | 2.76B |
| Cash from Investing | -41.09B | -32.85B | -5.62B | -37.76B | 29.39B | -87.6B | -32.66B | -10.29B | -44.49B | -32.39B |
| Capital Expenditures | -11.71B | -14.54B | -15.98B | -13.01B | -13.28B | -15.46B | -19.41B | -18.98B | -20.93B | -21.63B |
| Acquisitions | -2.71B | -3.28B | -1.68B | -2.53B | -456M | -10.59B | -8.6B | -396M | -1.07B | -10.76B |
| Purchase of Investments | -178.82B | -185.05B | -154.76B | -238.59B | -161.09B | -251.85B | -251.47B | -536.08B | -603.05B | -646.71B |
| Sale/Maturity of Investments | 155.57B | 171.52B | 168.03B | 220.34B | 203.44B | 190.07B | 246.13B | 545.36B | 579.41B | 649.85B |
| Other Investing | -3.42B | -1.5B | -1.23B | -3.96B | 770M | 239M | 685M | -195M | 1.16B | -3.14B |
| Cash from Financing | -1.4B | -5.81B | 730M | -18.34B | -28.51B | -1.66B | -14.4B | -10.36B | 2.23B | 2.35B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -1.35B | -4.85B | -24.71B | -27.06B | -7.85B | -9.17B | -2.92B | 0 | -235M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 2M |
| Other Financing | -121M | -343M | -497M | -429M | -695M | -1.98B | -4.15B | -5.62B | -793M | -846M |
| Net Change in Cash | 3.54B▲ 0% | -1.4B▼ 139.6% | 33.82B▲ 2514.1% | -16.24B▼ 148.0% | 40.31B▲ 348.3% | -52.31B▼ 229.8% | 2.24B▲ 104.3% | 9.73B▲ 333.7% | 4.15B▼ 57.4% | 15.94B▲ 0% |
| Exchange Rate Effect | 248M | -140M | 25M | 92M | 5M | -268M | 116M | -212M | 433M | 474M |
| Cash at Beginning | 28.05B | 32.21B | 30.81B | 64.63B | 48.4B | 88.71B | 36.4B | 38.64B | 47.73B | 52.57B |
| Cash at End | 31.58B | 30.81B | 64.63B | 48.4B | 88.71B | 36.4B | 38.64B | 48.38B | 51.88B | 58.81B |
| Free Cash Flow | 34.07B▲ 0% | 22.86B▼ 32.9% | 22.71B▼ 0.7% | 26.76B▲ 17.8% | 26.14B▼ 2.3% | 21.76B▼ 16.8% | 29.79B▲ 36.9% | 11.62B▼ 61.0% | 25.04B▲ 115.6% | 23.87B▲ 0% |
| FCF Growth % | 73.98% | -32.89% | -0.68% | 17.85% | -2.3% | -16.77% | 36.89% | -61% | 115.58% | 97.86% |
| FCF Margin % | 14.2% | 9.23% | 8.92% | 10.9% | 9.47% | 7.2% | 8.17% | 3.13% | 6.74% | 6.36% |
| FCF per Share | 13.81 | 9.27 | 9.27 | 11.19 | 11.54 | 9.88 | 13.71 | 5.39 | 11.61 | 11.61 |
Berkshire Hathaway Inc. (BRK-B) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 89.97% | 87.04% | 87.16% | 87.79% | 87.32% | 86.23% | 86.8% | 84% | 84.15% | 83.94% |
| Medical Cost Ratio | 82.38% | 79.54% | 79.5% | 80.13% | 80.02% | 80.33% | 80.54% | 76.69% | 76.37% | 74.86% |
| Return on Equity (ROE) | 14.1% | 1.14% | 20.85% | 9.66% | 18.62% | -4.57% | 18.29% | 14.56% | 9.77% | 10.29% |
| Return on Assets (ROA) | 6.79% | 0.57% | 10.67% | 5.03% | 9.82% | -2.39% | 9.53% | 8% | 5.64% | 5.97% |
| Equity / Assets | 50.13% | 49.8% | 52.41% | 51.66% | 53.71% | 50.79% | 53.34% | 56.48% | 58.89% | 58.25% |
| Book Value / Share | 142.67 | 142.96 | 174.86 | 188.71 | 227.32 | 218.62 | 262.63 | 302.17 | 333.61 | 338.15 |
| Debt / Equity | 0.29x | 0.28x | 0.25x | 0.27x | 0.23x | 0.27x | 0.23x | 0.22x | 0.19x | 0.19x |
| Revenue Growth | 11.4% | 3.29% | 2.74% | -3.58% | 12.46% | 9.39% | 20.68% | 1.91% | 0% | 1.11% |
Berkshire Hathaway Inc. (BRK-B) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 16, 2026·SEC
Mar 5, 2026·SEC
Mar 2, 2026·SEC
Berkshire Hathaway Inc. (BRK-B) stock FAQ — growth, dividends, profitability & financials explained
Berkshire Hathaway Inc. (BRK-B) grew revenue by 0.0% over the past year. Growth has been modest.
Yes, Berkshire Hathaway Inc. (BRK-B) is profitable, generating $72.54B in net income for fiscal year 2025 (18.0% net margin).
Berkshire Hathaway Inc. (BRK-B) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.
Berkshire Hathaway Inc. (BRK-B) has a combined ratio of 84.1%. A ratio below 100% indicates underwriting profitability.
Berkshire Hathaway Inc. (BRK-B) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates