BRK-B Berkshire Hathaway

XNYS Up Alert

Financials

· How we analyze

About the company

Berkshire Hathaway is a holding company from Omaha, led for decades by Warren Buffett; Greg Abel took over at the end of 2025. The group includes the insurer Geico, the railroad BNSF, utilities and many industrial companies as well as large stock holdings, for example in Apple. This is the Class B share. As of Oct 11, 2026

Fact sheet (from the annual report) Property and casualty insurance · Omaha, USA

Berkshire Hathaway is a Delaware holding company with corporate headquarters in Omaha, Nebraska, whose subsidiaries operate in many different industries. The group names primary insurance and reinsurance, a freight railroad and utility and energy companies as particularly important. The insurance subsidiaries cover property and casualty risks as well as life and health risks worldwide. The NICO Group offers property and casualty reinsurance and primary insurance for very large or unusual risks. The General Re Group conducts reinsurance worldwide for property and casualty risks as well as for life and health. Outside insurance, the group includes the freight railroad BNSF, Berkshire Hathaway Energy and makers of industrial, construction and consumer goods.

Automatically summarized from SEC annual report (10-K, filed Mar 2, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026

Price performance at a glance

Last 30 trading days
  • Today +1.2%
  • 7 days +3.1%
  • 30 days +8.5%
  • 1 year +11.5%
Day range (last trading day)
−1.2%Price at 94% of the range+0.1%
52-week range
−15.4%Price at 98% of the range+0.3%
Distance from the all-time high
−0.3%

Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Pullback in trend · Analysis method

This method currently detects no pattern for BRK-B. The check runs daily after the close.

You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing

What does the pattern show?

What is this? In an intact uptrend (price above the 200-day line, 50-day line rising), the price pulls back to the 50-day line after a rise and closes back above it.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

Fundamental analysis

Berkshire Hathaway · Sector Financials · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Mar 2, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality 3 of 6 met · 2 without data

  • no data: Gross margin above 40% not stated in the SEC filings
  • no data: Operating margin above 15% not stated in the SEC filings
  • met: Net margin above 10% 18.0%
  • not met: Return on equity above 15% 9.3%
  • not met: Free cash flow margin above 10% 6.7%
  • not met: Profit in each of the last 5 fiscal years 4 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • met: Equity ratio above 30% 58.7%
Net margin

18.0% Fiscal year 2025

Rank 62 of 100: higher than 62% of 237 peers (All). medium.

Rank 35 of 100: higher than 35% of 33 peers (Sector). medium.

Median Financials: 26.2%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

9.3% Fiscal year 2025

Rank 29 of 100: higher than 29% of 218 peers (All). weak.

Rank 23 of 100: higher than 23% of 32 peers (Sector). weak.

Median Financials: 13.9%

Net income divided by equity at fiscal year end.

Return on assets

5.5% Fiscal year 2025 (total assets at year end)

Rank 48 of 100: higher than 48% of 238 peers (All). medium.

Rank 74 of 100: higher than 74% of 33 peers (Sector). strong.

Median Financials: 2.4%

Net income divided by total assets at fiscal year end.

Equity ratio

58.7% Fiscal year 2025

Rank 81 of 100: higher than 81% of 239 peers (All). strong.

Rank 92 of 100: higher than 92% of 33 peers (Sector). strong.

Median Financials: 18.2%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

6.7% Fiscal year 2025

Rank 32 of 100: higher than 32% of 213 peers (All). weak.

Rank 24 of 100: higher than 24% of 23 peers (Sector). weak.

Median Financials: 25.8%

Free cash flow divided by revenue.

Free cash flow

25.0B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 4 of 5 met · 2 without data

  • met: Over 3 years, revenue grew by more than 5% per year +7.1%
  • met: Over 5 years, revenue grew by more than 5% per year +8.6%
  • met: Over 10 years, revenue grew by more than 5% per year +5.8%
  • no data: Over 3 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
  • not met: Revenue rose in the last fiscal year 0.0%
Revenue growth 3 years

+7.1% per year

Rank 45 of 100: higher than 45% of 230 peers (All). medium.

Rank 33 of 100: higher than 33% of 32 peers (Sector). medium.

Median Financials: +9.7%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+8.6% per year

Rank 38 of 100: higher than 38% of 217 peers (All). medium.

Rank 36 of 100: higher than 36% of 29 peers (Sector). medium.

Median Financials: +9.1%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+5.8% per year

Rank 41 of 100: higher than 41% of 157 peers (All). medium.

Rank 33 of 100: higher than 33% of 23 peers (Sector). medium.

Median Financials: +7.2%

Average growth per year over 10 fiscal years.

Dividend 0 of 1 met · 6 without data

  • not met: Pays a dividend no dividend per share reported for the last fiscal year
  • no data: Payout ratio at most 60% of earnings pays no dividend
  • no data: Dividend paid in each of the last 5 fiscal years pays no dividend
  • no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
  • no data: Dividend per share higher than 5 years ago pays no dividend
  • no data: Free cash flow per share covers the dividend pays no dividend
  • no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend

Financial strength 2 of 2 met · 4 without data

  • no data: Piotroski F-Score at least 7 of 9 not meaningful for banks and insurers
  • no data: Long-term debt no higher than equity no long-term debt reported
  • no data: Current assets cover current liabilities not reported (usual for banks and insurers)
  • met: Positive equity 717.4B USD
  • no data: In 5 years, share count up by at most 5% no comparable share count 5 years ago
  • met: Free cash flow positive in the last fiscal year 25.0B USD

Banks and insurers usually do not report gross margin, current assets or capital expenditure – those criteria then do not count. Debt is part of their business.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light yellow: Revenue grew over 5 years (+8.6% per year), more slowly than the sector median.
  • Light yellow: Net income (total) grew over 5 years (+9.5% per year), more slowly than the sector median.
  • Light yellow: Net margin 18.0%, below the sector median (19.4%).
  • Light yellow: Profit in 9 of 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 223.6B USD · Net income 24.1B USD · Net margin 10.8%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 242.1B USD · Net income 44.9B USD · Net margin 18.6%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 247.8B USD · Net income 4.0B USD · Net margin 1.6%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 254.6B USD · Net income 81.4B USD · Net margin 32.0%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 245.5B USD · Net income 42.5B USD · Net margin 17.3%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 276.1B USD · Net income 89.8B USD · Net margin 32.5%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 302.1B USD · Net income −22.8B USD · Net margin −7.6%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 364.5B USD · Net income 96.2B USD · Net margin 26.4%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 371.4B USD · Net income 89.0B USD · Net margin 24.0%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 371.4B USD · Net income 67.0B USD · Net margin 18.0%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 371.4B USD · Net income 67.0B USD · Net margin 18.0%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 18.0 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue371.4B USD100.0%
Net income67.0B USD18.0%
Interest expense5.1B USD1.4%
Taxes15.2B USD4.1%
Remaining costs & other284.2B USD76.5%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The net margin stayed roughly the same in 5 years (18.0%).

Net margin
  1. Fiscal year 2016: Net margin 10.8%
  2. Fiscal year 2017: Net margin 18.6%
  3. Fiscal year 2018: Net margin 1.6%
  4. Fiscal year 2019: Net margin 32.0%
  5. Fiscal year 2020: Net margin 17.3%
  6. Fiscal year 2021: Net margin 32.5%
  7. Fiscal year 2022: Net margin −7.6%
  8. Fiscal year 2023: Net margin 26.4%
  9. Fiscal year 2024: Net margin 24.0%
  10. Fiscal year 2025: Net margin 18.0%

Returns

Return on equity stayed roughly the same in 5 years (9.3%).

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 8.5% · Return on assets 3.9%
  2. Fiscal year 2017: Return on equity 12.9% · Return on assets 6.4%
  3. Fiscal year 2018: Return on equity 1.2% · Return on assets 0.6%
  4. Fiscal year 2019: Return on equity 19.2% · Return on assets 10.0%
  5. Fiscal year 2020: Return on equity 9.6% · Return on assets 4.9%
  6. Fiscal year 2021: Return on equity 17.7% · Return on assets 9.4%
  7. Fiscal year 2022: Return on equity −4.8% · Return on assets −2.4%
  8. Fiscal year 2023: Return on equity 17.1% · Return on assets 9.0%
  9. Fiscal year 2024: Return on equity 13.7% · Return on assets 7.7%
  10. Fiscal year 2025: Return on equity 9.3% · Return on assets 5.5%

Equity and long-term debt

The equity ratio rose in 5 years from 50.7% to 58.7%.

Equity in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 283.0B USD
  2. Fiscal year 2017: Equity 348.3B USD
  3. Fiscal year 2018: Equity 348.7B USD
  4. Fiscal year 2019: Equity 424.8B USD
  5. Fiscal year 2020: Equity 443.2B USD
  6. Fiscal year 2021: Equity 506.2B USD
  7. Fiscal year 2022: Equity 472.4B USD
  8. Fiscal year 2023: Equity 561.3B USD
  9. Fiscal year 2024: Equity 649.4B USD
  10. Fiscal year 2025: Equity 717.4B USD

Banks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
none pays no dividend
To shareholders (4 years)
47.0B USD 100% through repurchases

What goes back to shareholders

Over 4 years, 47.0B USD went back to shareholders, 100% of it through share repurchases. That is 53% of the free cash flow of those years.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 19.6B USD
  2. Fiscal year 2017: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 34.1B USD
  3. Fiscal year 2018: Dividends paid not available · Share repurchases 1.3B USD · New shares issued (including employee plans) not available · Free cash flow 22.9B USD
  4. Fiscal year 2019: Dividends paid not available · Share repurchases 4.9B USD · New shares issued (including employee plans) not available · Free cash flow 22.7B USD
  5. Fiscal year 2020: Dividends paid not available · Share repurchases 24.7B USD · New shares issued (including employee plans) not available · Free cash flow 26.8B USD
  6. Fiscal year 2021: Dividends paid not available · Share repurchases 27.1B USD · New shares issued (including employee plans) not available · Free cash flow 26.1B USD
  7. Fiscal year 2022: Dividends paid not available · Share repurchases 7.9B USD · New shares issued (including employee plans) not available · Free cash flow 21.8B USD
  8. Fiscal year 2023: Dividends paid not available · Share repurchases 9.2B USD · New shares issued (including employee plans) not available · Free cash flow 29.8B USD
  9. Fiscal year 2024: Dividends paid not available · Share repurchases 2.9B USD · New shares issued (including employee plans) not available · Free cash flow 11.6B USD
  10. Fiscal year 2025: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 25.0B USD

For banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Berkshire Hathaway next to 8 stocks of the sector Financials we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison BRK-B, sector Financials; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
BRK-B Berkshire Hathaway this stock 371.4B USD +8.6%––18.0%9.3%58.7%––
JPM JPMorgan Chase 182.4B USD +8.8%––31.3%15.7%8.2%––
BAC Bank of America 113.1B USD +5.7%––27.0%10.1%8.9%––
PGR Progressive Corporation 87.7B USD +15.5%––12.9%37.3%24.6%––
C Citigroup 85.2B USD +2.8%––16.8%6.7%8.0%––
WFC Wells Fargo 83.7B USD +3.0%––25.5%11.8%8.4%––
MS Morgan Stanley 70.6B USD +7.9%––23.9%15.1%7.9%––
CB Chubb Limited 59.4B USD +10.5%––17.4%14.0%27.1%––
GS Goldman Sachs 58.3B USD +5.5%––29.5%13.7%6.9%––
Median of the sector 33 symbols 27.0B USD +9.1%–39.0%26.2%13.9%18.2%––

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light yellow: below sector

+8.6% per year, last 5 years

Sector Financials: median +8.8% (73 symbols)

What does this mean? Revenue: over 5 years it grew by 8.6% per year on average, but more slowly than the median company in the sector (+8.8%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light yellow: below sector

+9.5% per year, last 5 years

Sector Financials: median +13.8% (71 symbols)

per share: not available

What does this mean? Total net income: over 5 years it grew by 9.5% per year on average, but more slowly than the median company in the sector (+13.8%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light yellow: below sector

18.0% last fiscal year

Sector Financials: median 19.4% (75 symbols)

What does this mean? Of every 100 USD in revenue, 18.03 USD remained as profit – less than the median company in the sector (19.4%). Five years ago the margin was 17.3%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light gray: not available

– latest balance sheet

Sector Financials: median 0.63 (60 symbols)

What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: none found

– Dividend / earnings per share

Sector Financials: median 34% (58 symbols)

What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light yellow: 1 loss year

9 of 10 fiscal years with a profit

What does this mean? In 9 of the last 10 fiscal years the bottom line showed a profit. One year ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
371.4B USD
Revenue vs. prior year
+0.0%
Net income (FY)
67.0B USD
Net income vs. prior year
−24.8%
EPS (FY)
–
13F funds with a position
2 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
+18.0%
Fiscal year to Dec 31, 2025 · 10-K filed Mar 2, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 371.4B67.0B 18.0% – – –
2024Dec 31, 2024 371.4B89.0B 24.0% – – –
2023Dec 31, 2023 364.5B96.2B 26.4% – – –
2022Dec 31, 2022 302.1B−22.8B −7.6% – – –
2021Dec 31, 2021 276.1B89.8B 32.5% – – –
2020Dec 31, 2020 245.5B42.5B 17.3% – – –
2019Dec 31, 2019 254.6B81.4B 32.0% – – –
2018Dec 31, 2018 247.8B4.0B 1.6% – – –
2017Dec 31, 2017 242.1B44.9B 18.6% – – –
2016Dec 31, 2016 223.6B24.1B 10.8% – – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 101.8B25.7B 25.2% – – –
Q1/26Mar 31, 2026 93.7B10.1B 10.8% – – –
Q4/25*Dec 31, 2025 94.2B19.2B 20.4% – – –
Q3/25Sep 30, 2025 95.0B30.8B 32.4% – – –
Q2/25Jun 30, 2025 92.5B12.4B 13.4% – – –
Q1/25Mar 31, 2025 89.7B4.6B 5.1% – – –
Q4/24*Dec 31, 2024 94.9B19.7B 20.7% – – –
Q3/24Sep 30, 2024 93.0B26.3B 28.2% – – –
Q2/24Jun 30, 2024 93.7B30.3B 32.4% – – –
Q1/24Mar 31, 2024 89.9B12.7B 14.1% – – –
Q4/23*Dec 31, 2023 93.4B37.6B 40.2% – – –
Q3/23Sep 30, 2023 93.2B−12.8B −13.7% – – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $250.1K1 person $20.0M1 person −$19.7M
6 months $500.6K1 person $20.0M1 person −$19.5M
12 months $500.6K1 person $20.0M1 person −$19.5M

Latest transactions

  • Sep 28, 2026 Jain Ajit Officer, Director Open-market sale 39,700 shares · $20.0M · SEC
  • Aug 12, 2026 O'Sullivan Michael J. Officer Open-market purchase 43 shares · $22.1K · SEC
  • Aug 12, 2026 O'Sullivan Michael J. Officer Open-market purchase 400 shares · $205.0K · SEC
  • Aug 12, 2026 O'Sullivan Michael J. Officer Open-market purchase 45 shares · $23.0K · SEC
  • May 6, 2026 O'Sullivan Michael J. Officer Open-market purchase 53 shares · $24.9K · SEC
  • May 6, 2026 O'Sullivan Michael J. Officer Open-market purchase 483 shares · $225.6K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +80

Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+15
Highs and lows+0
Relative strength+15

Volatility and trend strength

ADX 14 (trend strength)38.5
Rel. strength 60 d+4.7%

ATR and moving averages as price values only when logged in.

More stocks from Financials

All symbols in this sector

News

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