The firm exhibits a robust capital structure with total assets reaching $1.3T in 2026Q1, supporting a stable equity base that has expanded to $727.2B.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Assets | 1.25T | 1.22T | 1.15T | 1.07T | 948.47B | 958.78B | 873.73B | 817.73B | 707.79B | 702.1B | 620.85B | 552.26B | 526.19B | 484.93B | 427.45B | 392.65B | 372.23B | 297.12B | 267.4B | 273.16B | 248.44B | 198.32B | 192.05B | 180.56B | 169.54B | 162.75B | 135.79B | 131.42B | 122.24B | 56.11B | 43.41B |
| Asset Growth % | 25.28% | 5.92% | 7.84% | 12.81% | -1.08% | 9.73% | 6.85% | 15.53% | 0.81% | 13.09% | 12.42% | 4.95% | 8.51% | 13.45% | 8.86% | 5.49% | 25.28% | 11.11% | -2.11% | 9.95% | 25.27% | 3.27% | 6.36% | 6.5% | 4.17% | 19.85% | 3.33% | 7.51% | 117.85% | 29.26% | 45.04% |
| Total Investment Assets | 4M | 657.84B | 605.41B | 537.24B | 455.92B | 443.91B | 409.86B | 348.64B | 292.11B | 298.06B | 236.56B | 187.66B | 180.15B | 177.86B | 140.96B | 108.25B | 94.7B | 93.69B | 80.7B | 106.57B | 89.84B | 81.7B | 4.23B | 82.55B | 155.66B | 100.7B | 80.57B | 83.27B | 69.28B | 47.29B | 34.94B |
| Long-Term Investments | 1.3T | 336.4B | 318.93B | 407.62B | 363.15B | 385.38B | 319.56B | 284.82B | 210.6B | 213.69B | 178.24B | 183.09B | 180.15B | 177.86B | 140.96B | 108.25B | 94.7B | 93.69B | 80.7B | 106.57B | 89.84B | 81.7B | 0 | 0 | 93.84B | 39.84B | 79.69B | 82.27B | 68.2B | 47.29B | 34.94B |
| Short-Term Investments | 339.26B | 321.43B | 286.47B | 129.62B | 92.77B | 58.53B | 90.3B | 63.82B | 81.51B | 84.37B | 58.32B | 4.57B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.23B | 0 | 61.82B | 61.34B | 880M | 999M | 743M | 0 | 0 |
| Total Current Assets | 504.77B | 476.29B | 434.4B | 267.74B | 225.44B | 227.99B | 212.55B | 201.21B | 182.45B | 179.99B | 142.49B | 119.72B | 107.92B | 91.45B | 91.23B | 79.22B | 92.95B | 65.49B | 61.91B | 75.64B | 56.62B | 72.29B | 71.97B | 47.23B | 80.87B | 136.57B | 114.22B | 111.23B | 102.3B | 51.99B | 39.27B |
| Cash & Equivalents | 58.12B | 51.88B | 47.73B | 38.02B | 35.81B | 88.18B | 47.99B | 64.17B | 30.36B | 31.58B | 28.05B | 67.16B | 63.27B | 48.19B | 46.99B | 37.3B | 38.23B | 30.56B | 25.54B | 44.33B | 43.74B | 44.66B | 43.43B | 35.96B | 12.75B | 6.5B | 5.6B | 4.46B | 14.49B | 1.06B | 1.35B |
| Receivables | 323.72B | 78.55B | 76.19B | 75.94B | 71.49B | 60.32B | 55.05B | 53.36B | 51.51B | 46.67B | 40.4B | 36.08B | 34.42B | 33.32B | 34.56B | 32.95B | 36.14B | 28.78B | 28.87B | 25.52B | 24.38B | 23.48B | 20.47B | 12.31B | 13.18B | 11.93B | 11.76B | 8.56B | 7.22B | 1.93B | 1.74B |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.48B | 0 | 0 | 0 | -11.5B | 0 | 0 | 0 | -6.87B | 56.8B | 95.97B | 97.22B | 79.84B | 49B | 36.18B |
| Goodwill & Intangibles | 474.44B | 117.92B | 119.65B | 121.77B | 108.6B | 103.51B | 104.42B | 113.53B | 113.17B | 114.44B | 113.57B | 72.5B | 70.66B | 66.19B | 64.52B | 63.38B | 55.91B | 38.73B | 33.78B | 32.86B | 32.24B | 23.64B | 23.01B | 22.95B | 22.3B | 21.51B | 18.88B | 18.28B | 18.57B | 3.07B | 3.11B |
| Goodwill | 83.18B | 83.07B | 83.88B | 84.63B | 78.12B | 73.88B | 73.73B | 81.88B | 81.03B | 81.26B | 79.49B | 62.71B | 60.71B | 57.01B | 54.52B | 53.21B | 49.01B | 33.97B | 0 | 0 | 0 | 0 | 23.01B | 22.95B | 22.3B | 21.51B | 18.88B | 18.28B | 18.57B | 0 | 0 |
| Intangible Assets | 34.27B | 34.84B | 35.77B | 37.14B | 30.48B | 29.64B | 30.68B | 31.65B | 32.15B | 33.18B | 34.09B | 9.8B | 9.94B | 9.18B | 9.99B | 10.16B | 6.9B | 4.75B | 33.78B | 32.86B | 32.24B | 23.64B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.07B | 3.11B |
| PP&E (Net) | 241.74B | 241.18B | 228.77B | 221.87B | 201.94B | 196.37B | 192.6B | 180.28B | 166.71B | 158.22B | 152.77B | 145.17B | 137.24B | 122.21B | 106.87B | 100.39B | 93.13B | 46.66B | 45.16B | 36.19B | 33.34B | 7.5B | 6.52B | 6.26B | 5.37B | 4.78B | 2.7B | 1.9B | 1.51B | 1.06B | 1.03B |
| Other Assets | 62.65B | 50.39B | 52.12B | -42.03B | -27.68B | -44.71B | -29.49B | -28.91B | 32.76B | 32.46B | 30.42B | 29.11B | 30.21B | 27.21B | 23.87B | -10.16B | 0 | -4.75B | 0 | 3.08B | 0 | 0 | 0 | 0 | -253M | 52.2B | 245M | 2.03B | -142M | 220.8M | 0 |
| Total Liabilities | 522.82B | 502.47B | 502.23B | 499.21B | 466.78B | 443.85B | 422.39B | 389.17B | 355.29B | 350.14B | 335.43B | 293.63B | 282.84B | 260.45B | 235.86B | 223.69B | 209.29B | 161.33B | 153.82B | 149.76B | 137.76B | 106.03B | 105.39B | 102.22B | 104.12B | 103.45B | 72.8B | 72.23B | 63.19B | 24.2B | 19.65B |
| Total Debt | 146.12B | 138.95B | 143.53B | 133.57B | 127.68B | 119.25B | 122.36B | 109.25B | 97.49B | 102.59B | 86.26B | 72.34B | 67.16B | 59.09B | 62.74B | 60.38B | 58.57B | 37.91B | 36.88B | 33.83B | 32.6B | 15.61B | 14.61B | 9.12B | 6.88B | 10.43B | 4.78B | 3.98B | 4.18B | 2.27B | 2.46B |
| Net Debt | 87.99B | 87.08B | 95.8B | 95.55B | 91.87B | 31.07B | 74.37B | 45.08B | 67.13B | 71B | 58.21B | 5.18B | 3.89B | 10.91B | 15.74B | 23.09B | 20.35B | 7.35B | 11.34B | -10.5B | -11.14B | -29.05B | -28.82B | -26.84B | -5.87B | 3.93B | -825M | -479M | -10.3B | 1.21B | 1.11B |
| Long-Term Debt | 128.89B | 120.83B | 115.4B | 114.41B | 109.78B | 108.12B | 107.5B | 92.95B | 85.28B | 96.27B | 91.39B | 82.3B | 71.93B | 65.59B | 50.81B | 49.78B | 48.78B | 31.67B | 32.96B | 25.33B | 26.09B | 12.3B | 7.19B | 7.42B | 6.88B | 8.65B | 3.79B | 3.98B | 3.89B | 2.07B | 2.33B |
| Short-Term Debt | 17.23B | 13.27B | 23.63B | 15.28B | 14.24B | 7.38B | 10.74B | 11.79B | 12.21B | 6.32B | 10.26B | 1.99B | 8.28B | 6.63B | 11.93B | 10.6B | 9.79B | 6.24B | 3.92B | 8.49B | 6.51B | 3.31B | 7.42B | 1.7B | 0 | 1.78B | 991M | 0 | 297M | 200M | 130.8M |
| Total Current Liabilities | 118.09B | 70.54B | 73.11B | 64.63B | 58.88B | 48.08B | 49.65B | 48.16B | 49.29B | 42.14B | 45.15B | 33.02B | 48.51B | 44.47B | 47.29B | 43.31B | 37.49B | 30.02B | 24.63B | 28.14B | 27.11B | 12.01B | 15.99B | 1.7B | 8.05B | 9.35B | 991M | 0 | 297M | 2.27B | 1.94B |
| Accounts Payable | 58.22B | 57.27B | 49.48B | 49.35B | 44.63B | 40.7B | 38.91B | 36.36B | 37.08B | 35.82B | 33.45B | 31.03B | 29B | 33.66B | 35.36B | 32.71B | 27.7B | 23.79B | 20.7B | 19.65B | 20.6B | 8.7B | 7.5B | 0 | 5.05B | 4.25B | 6.42B | 0 | 0 | 0 | 0 |
| Deferred Revenue | 32.75B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 9.9B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 547M | -16.54B | 0 | 0 | 2.07B | 1.81B |
| Deferred Taxes | 346.02B | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Liabilities | 187.16B | 187.96B | 192.54B | 192.77B | 188.44B | 170.14B | 165.62B | 156.97B | 151.26B | 139.09B | 210.25B | 101.87B | 89.55B | 81.88B | 83.04B | 83.88B | 78.67B | 72.49B | 78.09B | 70.78B | 59.03B | 63.26B | 67.86B | 0 | 0 | 2.07B | 0 | 484M | 0 | 525.2M | 0 |
| Total Equity | 729.45B | 719.7B | 651.65B | 570.77B | 481.68B | 514.93B | 451.34B | 428.56B | 352.5B | 351.95B | 285.43B | 258.63B | 243.03B | 224.49B | 191.59B | 168.96B | 162.93B | 135.78B | 113.58B | 123.4B | 110.68B | 92.3B | 86.66B | 78.34B | 65.43B | 59.3B | 62.99B | 59.18B | 59.05B | 31.91B | 23.76B |
| Equity Growth % | 42.62% | 10.44% | 14.17% | 18.5% | -6.46% | 14.09% | 5.31% | 21.58% | 0.16% | 23.31% | 10.36% | 6.42% | 8.26% | 17.17% | 13.39% | 3.7% | 19.99% | 19.55% | -7.96% | 11.49% | 19.91% | 6.51% | 10.62% | 19.74% | 10.34% | -5.86% | 6.44% | 0.23% | 85.03% | 34.3% | 39.75% |
| Shareholders Equity | 727.18B | 717.42B | 649.37B | 561.27B | 473.42B | 506.2B | 443.16B | 424.79B | 348.7B | 348.3B | 282.07B | 255.55B | 240.17B | 221.89B | 187.65B | 164.85B | 157.32B | 131.1B | 109.27B | 120.73B | 108.42B | 91.48B | 85.9B | 77.6B | 64.04B | 57.95B | 61.72B | 57.76B | 57.4B | 31.46B | 23.43B |
| Minority Interest | 2.27B | 2.28B | 2.29B | 9.5B | 8.26B | 8.73B | 8.17B | 3.77B | 3.8B | 3.66B | 3.36B | 3.08B | 2.86B | 2.6B | 3.94B | 4.11B | 5.62B | 4.68B | 4.31B | 2.67B | 2.26B | 816M | 758M | 745M | 1.39B | 1.35B | 1.27B | 1.42B | 1.64B | 456.5M | 335.1M |
| Retained Earnings | 773.29B | 763.19B | 696.22B | 607.35B | 511.13B | 534.42B | 444.63B | 402.49B | 321.11B | 255.79B | 210.85B | 187.7B | 163.62B | 143.75B | 124.27B | 109.45B | 99.19B | 86.23B | 78.17B | 72.15B | 58.91B | 47.72B | 39.19B | 31.88B | 23.73B | 19.44B | 18.65B | 15.32B | 13.76B | 10.93B | 9.03B |
| Common Stock | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 7M | 7M |
| Accumulated OCI | -2.51B | -2.45B | -3.58B | -3.76B | -5.05B | -4.03B | -4.24B | -5.24B | -5.01B | 58.57B | 37.3B | 33.98B | 42.73B | 44.02B | 27.5B | 17.65B | 20.58B | 17.79B | 3.95B | 21.62B | 22.98B | 17.36B | 20.43B | 19.56B | 14.27B | 12.89B | 17.54B | 17.22B | 18.51B | 18.2B | 12.14B |
| Return on Equity (ROE) | 10.29% | 9.77% | 14.56% | 18.29% | -4.57% | 18.62% | 9.66% | 20.85% | 1.14% | 14.1% | 8.85% | 9.6% | 8.5% | 9.36% | 8.22% | 6.18% | 8.68% | 6.46% | 4.21% | 11.29% | 10.85% | 9.53% | 8.86% | 11.34% | 6.87% | 1.3% | 5.45% | 2.63% | 6.22% | 6.83% | 12.21% |
| Return on Assets (ROA) | 5.97% | 5.64% | 8% | 9.53% | -2.39% | 9.82% | 5.03% | 10.67% | 0.57% | 6.79% | 4.1% | 4.47% | 3.93% | 4.27% | 3.62% | 2.68% | 3.87% | 2.85% | 1.85% | 5.07% | 4.93% | 4.37% | 3.92% | 4.66% | 2.58% | 0.53% | 2.49% | 1.23% | 3.17% | 3.82% | 6.79% |
| Equity / Assets | 58.25% | 58.89% | 56.48% | 53.34% | 50.79% | 53.71% | 51.66% | 52.41% | 49.8% | 50.13% | 45.97% | 46.83% | 46.19% | 46.29% | 44.82% | 43.03% | 43.77% | 45.7% | 42.48% | 45.18% | 44.55% | 46.54% | 45.12% | 43.39% | 38.59% | 36.44% | 46.39% | 45.04% | 48.31% | 56.87% | 54.74% |
| Debt / Equity | 0.20x | 0.19x | 0.22x | 0.23x | 0.27x | 0.23x | 0.27x | 0.25x | 0.28x | 0.29x | 0.30x | 0.28x | 0.28x | 0.26x | 0.33x | 0.36x | 0.36x | 0.28x | 0.32x | 0.27x | 0.29x | 0.17x | 0.17x | 0.12x | 0.11x | 0.18x | 0.08x | 0.07x | 0.07x | 0.07x | 0.10x |
| Book Value per Share | 338.15 | 333.61 | 302.17 | 262.63 | 218.62 | 227.32 | 188.71 | 174.86 | 142.96 | 142.67 | 115.76 | 104.93 | 98.58 | 91.05 | 77.35 | 68.27 | 66.41 | 58.36 | 48.88 | 53.22 | 47.86 | 39.96 | 37.57 | 34.02 | 28.45 | 25.89 | 27.58 | 25.96 | 31.46 | 17.25 | 13.14 |
| Tangible BV per Share | 283.70 | 278.95 | 246.69 | 206.60 | 169.33 | 181.62 | 145.05 | 128.54 | 97.06 | 96.28 | 69.70 | 75.51 | 69.92 | 64.20 | 51.30 | 42.66 | 43.62 | 41.71 | 34.34 | 39.05 | 33.92 | 29.73 | 27.59 | 24.05 | 18.75 | 16.50 | 19.31 | 17.94 | 21.56 | 15.60 | 11.42 |
Catastrophic loss reserve volatility
As reported in the latest financial statements, the company's equity base has grown from $561.3B in 2023Q4 to $727.2B in 2026Q1, reflecting a consistent trajectory of capital accumulation that underscores the firm's ability to generate significant internal value despite the challenges of its massive scale.
The steady appreciation of the equity base suggests that the company continues to successfully reinvest earnings across its diverse insurance and industrial subsidiaries. This trend appears to validate the firm's long-term capital allocation strategy, though investors should monitor whether this growth rate can be sustained as the asset base approaches $1.3T.
Based on the provided quarterly data, loss reserves have fluctuated between $66.7B and $75.6B over the last ten quarters, indicating that the company's liability profile remains highly sensitive to the inherent volatility of long-tail insurance claims and potential shifts in the broader inflationary environment.
The variability in these reserve levels suggests that management maintains a conservative approach to actuarial estimation, which may lead to periodic earnings noise. Analysts should interpret these fluctuations as a reflection of the company's exposure to complex, multi-year insurance risks rather than a sign of operational instability.
According to the balance sheet data, the company maintains a robust capital structure with total assets reaching $1.3T in 2026Q1, providing a substantial buffer that supports its unique role as a provider of permanent capital across both its insurance and industrial business segments.
The significant gap between total assets and liabilities suggests a high degree of solvency that allows the firm to absorb major loss events without requiring external financing. This capital adequacy appears to be a core competitive advantage, enabling the company to pursue opportunistic acquisitions when market conditions are distressed.
As indicated by the historical data, the company's reliance on a massive, diversified asset base may obscure specific risks, such as the potential for wildfire-related litigation to impact the utility segment, which is not explicitly isolated within the aggregate balance sheet figures provided for analysis.
The lack of granular disclosure regarding specific subsidiary liabilities warrants further investigation, as the consolidated figures may mask localized risks that could impact the parent company's overall financial health. Investors should remain cautious about the potential for these hidden exposures to create future volatility in the firm's reported equity.
Quick answers to the most common questions about buying BRK-B stock.
As of 2025, Berkshire Hathaway Inc. (BRK-B) had total assets of $1.22T including $476.29B in current assets.
Berkshire Hathaway Inc. (BRK-B) carries total debt of $138.95B, offset by $373.31B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Berkshire Hathaway Inc. (BRK-B) has total shareholders' equity (book value) of $717.42B ($333.61 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Berkshire Hathaway Inc. (BRK-B) reported a current ratio of 6.75x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.