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Berkshire Hathaway Inc (BRK-B.US) - analysis, score and valuation

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Is it worth investing?

Berkshire Hathaway Inc is a middle-of-the-road business, at a reasonable price.

$500.50 -4.45% over 12 months Last updated: iun. 10, 2026

Berkshire Hathaway Inc (BRK-B) is a company in the Insurance - Diversified industry, listed on NYSE, with a market capitalisation of 1.08 trillion USD. The stock trades at 500.50 USD, 5% below its 52-week high.

Against trailing twelve-month earnings, the price asks 14.4 times profit, versus 14.4 times for the industry median. Return on equity stands at 10.6%, against an industry median of 17.0%. Revenue has grown 8.6% a year over the past five years.

Over the past twelve months the stock returned -4.5%, against +24.8% for SPY over the same period. The analysis below covers valuation, profitability, growth, the balance sheet and price behaviour, with data updated daily.

Key data

Price and Trading

  • OpenThe price at which Berkshire Hathaway Inc shares first traded in the latest session.
  • CloseThe price of the last Berkshire Hathaway Inc trade in the session that closed.
  • Day rangeThe lowest and highest price Berkshire Hathaway Inc shares reached in that session.
  • VolumeHow many Berkshire Hathaway Inc shares changed hands in the latest session.
  • 52-week rangeThe lowest and highest price of Berkshire Hathaway Inc shares over the past year.
  • Position in the 52-week rangeWhere the current price of Berkshire Hathaway Inc shares sits between the low and the high of the past year. 100% means right at the high.
  • 50-day averageThe average price of Berkshire Hathaway Inc shares over the last 50 sessions. Shows the short-term trend.
  • 200-day averageThe average price of Berkshire Hathaway Inc shares over the last 200 sessions. Shows the long-term trend.
  • Market capThe market value of all Berkshire Hathaway Inc shares combined.

Some values update after the trading session opens, others are recalculated after it closes.

Earnings and Valuation

  • Earnings per shareHow much net profit belongs to a single Berkshire Hathaway Inc share over the last twelve months.
  • Estimated earnings, current yearThe earnings per share analysts expect from Berkshire Hathaway Inc for the current financial year.
  • Estimated earnings, next yearThe earnings per share expected from Berkshire Hathaway Inc for the following financial year.
  • Revenue per shareHow much of the annual sales of Berkshire Hathaway Inc belongs to a single share.
  • Book value per shareHow much Berkshire Hathaway Inc equity belongs to one share, once debt is subtracted from assets.
  • Revenue, last 12 monthsTotal Berkshire Hathaway Inc sales across the last four reported quarters.
  • Price / earningsHow many years of current profit a Berkshire Hathaway Inc share costs at today price.
  • Forward price / earningsThe same ratio, but against the profit Berkshire Hathaway Inc is expected to make next year.
  • PEGThe price/earnings ratio of Berkshire Hathaway Inc divided by its growth rate. Below 1 is considered cheap relative to how fast it grows.
  • Enterprise value / EBITDAThe price of the whole Berkshire Hathaway Inc business, debt included, against operating profit before depreciation.

Some values update after the trading session opens, others are recalculated after it closes.

Return and Risk

Low risk · 84
  • Net marginHow much net profit Berkshire Hathaway Inc keeps out of every unit of sales.
  • Return on equityHow much net profit Berkshire Hathaway Inc produces from shareholder money.
  • Dividend yieldHow much Berkshire Hathaway Inc pays out in dividends each year, relative to the share price.
  • Dividend per shareThe estimated annual amount received for each Berkshire Hathaway Inc share held.
  • Payout ratioWhat share of Berkshire Hathaway Inc profit goes back to shareholders as dividends. The rest stays in the company.
  • BetaHow strongly Berkshire Hathaway Inc shares move against the market. 1 means the same, above 1 means wider swings.
  • Debt / equityHow much debt Berkshire Hathaway Inc carries for every unit of equity.
  • Short interest as % of floatWhat share of freely tradable Berkshire Hathaway Inc stock is sold short, as a bet on a decline.
  • Days to cover short positionsHow many normal trading days it would take to close every short position on Berkshire Hathaway Inc.

Some values update after the trading session opens, others are recalculated after it closes.

Indicators for Berkshire Hathaway Inc (BRK-B) stock

How good the business is, how expensive the price is, and what the chart is doing for BRK-B stock. How we calculate the three indicators

Fundamentals

57.0Out of 100

Balanced

It stands best on health and risk, 84.0 out of 100; lowest, growth, at 40.8. Against its sector it stands at 53 out of 100, so the two readings confirm each other.

Quality46.1
Growth40.8
Health and risk84.0
Return on assets100.0
Piotroski F-Score55.6
Return on equity53.0
Earnings stability0.0

Valuation

42.3Out of 100

Slightly expensive

The business produces 1.7 percentage points a year more than the interest on a government bond. It looks cheapest on price against estimated value (61 out of 100), dearest on free cash flow against price (34).

Earnings against market capitalisation: 39.4 out of 100

Earnings yield43.2
P/E (TTM)35.6

Earnings against enterprise value: 35.4 out of 100

EV/EBIT32.6
Acquirer's multiple32.6
Magic Formula yield42.2
EVA yield34.1

Free cash flow against price: 33.6 out of 100

FCF yield33.6

Price against estimated value: 60.8 out of 100

Margin of safety75.5
Price / floor value46.1

Technical

+14Out of ±100

Neutral

Signals: 6 positive and 4 negative, but no clear trend (ADX 18): the price is going nowhere. The heaviest weight comes from the “MACD” family, and no signal family points the other way.

Price against the moving averages: -0.33

Price vs MA200-1.4% from the average
Price vs MA50+1.3% from the average
MA50 vs MA200Short average below the long one

MACD: +1.00

MACD histogram+0.45
MACD line vs 0+2.22

Position in the recent range: +0.33

RSI 1453.2
CCI 2066
Bollinger %B0.62

Long-term momentum: +0.33

Aroon oscillator+68
Coppock+3.3
12-month momentum-6% a year, -12% above the rate

Volume and money flow: -1.00

Money flow CMF-0.058
OBV volume, 50dSlope -0.118

Breakouts and reversals: +0.50

Parabolic SARBelow price, rising
Donchian channelInside the 20-day channel

Berkshire Hathaway Inc (BRK-B) stock: arguments for and against

What supports and what weakens the investment case for BRK-B stock

Pro10 arguments
  • Berkshire Hathaway Inc (BRK-B) shares trade at 10.5 times annual earnings.For every unit of profit the company makes in a year, a buyer pays 10.5 today. Companies in the Financial Services sector ask 11.8.
  • At Berkshire Hathaway Inc, money put back into the business earns more than it costs.Every unit reinvested brings 8.4% a year while funding costs 7.4%. As long as the gap stays positive, growth adds value.
  • Short-selling pressure is minimal.Only 1.0% of the freely traded shares are borrowed as a bet on a fall, and buying them back would take 2.33 trading days.
  • Gross margin improved by 6.1 points against the same quarter a year earlier.More of every unit of sales is left after the direct cost of the product. This is the first place where pricing power or cost control shows up.
  • Shareholder equity grew by 11.1% over one year.The part of the company that belongs to shareholders got bigger. It grows out of retained profit or revaluation, not out of borrowed money.
  • Through Crash-ul COVID-19 it lost 29.6%, less than 82% of comparable companies.How a share fell in a past crisis does not predict the next one, but it shows how it behaves when the whole market sells at once.
  • It scores 77 out of 100 in the stress tests, and in the harshest scenario, Șoc de dobânzi, it would lose 22.6%.The scenarios start from historical shocks and are applied to the company as it stands today. They are exercises rather than forecasts, but they rank the risk.
  • For Berkshire Hathaway Inc, the model puts the odds of trading above today’s price a year from now at 72%.It is a distribution of possible outcomes computed on similar past cases, not a price target. Read it as a frequency, not as a promise.
  • It trades $2.31B a day on average.With daily turnover that size, an ordinary order gets in and out without moving the price, and the spread stays narrow.
  • Berkshire Hathaway Inc shares are held by 10 exchange traded funds.Being inside ETFs brings demand that has nothing to do with results: the funds buy because the index says so, not because they hold a view.
Against11 arguments
  • Free cash is 3.6% of the share price, below the sector.After expenses and investment, what is left equals 3.6% of the share price. Companies in the Financial Services sector generate 7.6%, so the same money invested buys less free cash here.
  • Revenue grew 8.6% a year over the past five years.Sales are rising more slowly than the market the company serves: 8.6% a year against 11.2% for the sector average.
  • Berkshire Hathaway Inc (BRK-B) shares come from a business earning 9.8% a year on shareholders' money.Every unit of capital put in by shareholders brings 9.8% a year. Companies in the Financial Services sector produce 11.9%.
  • Berkshire Hathaway Inc shares come from a business that keeps only 16.3% of sales.Less is left from sales than at rivals: 16.3% against 19.6% retained by companies in the Financial Services sector.
  • There is no public data on what management and funds are buying.On the market where the shares trade, transactions by management and by funds are not disclosed publicly. These informed-flow signals, available for US companies, are missing here.
  • The 50-day price average has fallen below the 200-day.The price sits 1.4% below its 200-day average. Many investors watch this pattern as a sign of a downward trend.
  • No barrier is found that would keep competitors at a distance.Neither scale, nor brand, nor the cost of switching supplier stops a determined rival. Without such a barrier, earnings are harder to defend.
  • The last 2 results missed analyst estimates.2 times running, results came in below what the market expected, most recently by 1.5%. Over the past eight quarters the beat rate is 50.0%.
  • Cash from operations covers only 62.8% of the reported profit.The gap between profit and cash usually sits in unpaid invoices, inventory or entries that have not turned into money yet. It is one of the standard earnings quality checks.
  • Over the last twelve months, Berkshire Hathaway Inc shares trailed the SPY index by 29.2 points, returning -4.5%.Anyone holding the index instead of the share would have had a better year. The gap says how much, not why.
  • It passes only 4 of 22 profile checks, that is 20%.The checks span different investing styles. Passing few of them means the share does not clearly fit any of them.

Verdict

The Berkshire Hathaway Inc score from 0 to 100, built from over 400 financial indicators. Not investment advice.

Neutral
CheapSolidMixed
  • In Financial Services, Berkshire Hathaway Inc is above the sector average on stability.
  • neutral verdicts returned a median of +12.2% over one year, across 63,296 assessments.

Berkshire Hathaway Inc trades 36% below its estimated value.
Averaged over five years, capital returned less than it cost.

The price asks only 10.5 times last year's profit. Revenue grows 21% a year. Of every 100 units sold, 16% remains as net profit.

Analysis produced automatically by einvestitii.ro, on data as of oct. 1, 2026. It is not investment advice. Who produces it, what it rests on and what conflicts of interest exist: see the full disclosure.

What it is really worth

Value & Valuation

The market price is what buyers are asking today. Here we work out what the share should cost based on the company’s own figures: using the valuation models professional investors rely on, the growth the current price assumes, and the target set by the analysts who follow the company.

what analysts think

What the analysts covering Berkshire Hathaway Inc think, and where they see the price 12 months out. These are their estimates, not ours.

Analyst consensus

What the 4 analysts covering Berkshire Hathaway Inc think

Buy

average 4.00 out of 5, from 4 analysts

Strong sellStrong buy
  • Strong sell00%
  • Sell00%
  • Hold250%
  • Buy00%
  • Strong buy250%

The analyst consensus is more optimistic than our score, by 28 points on the same 0 to 100 scale.

Analyst estimates, third-party source. These are not our verdict.

Price target

Where analysts see Berkshire Hathaway Inc shares 12 months out

$520.33

+7.58% against today price

52-week low $455.1952-week high $516.85
  • today$500.50
  • target$520.33

The target falls outside the 52-week range for Berkshire Hathaway Inc; the marker is capped at the end.

Rise from the low of the past year+9.95%
Fall from the high of the past year−3.16%
  • Price today$500.50
  • Revisions, last 30 days1 ↑1 ↓
  • Expected earnings growth+4.52%
  • Analysts covering4

Analyst estimates, third-party source.

Transparency · MAR

fair value

Undervalued

What Berkshire Hathaway Inc shares should cost, according to the valuation models of the best-known investors in history.

Estimated fair value

The average of the Graham, Buffett, Lynch models, and others.

$778.74+55.6% versus price

the price is at 64% of the estimate from 3 models

×1
fair range $520.04 - $804.33price today $500.50

Logarithmic scale; the marks are multiples of the fair value.

Price versus estimate 0.64×Confidence in the estimate: HighSpread across models 5%Median of 3 models

These are estimates, not price targets: every model starts from assumptions about the future, and if the assumptions change, so does the number.

The models, one by one

5 methods with a value for Berkshire Hathaway Inc. The fair value above is the median across 3 of them, chosen by how well they fit the company. All of them are here, for reference.

Graham Number$778.74+55.6% versus price
Buffett with growth$795.80+59.0% versus price
Buffett without growth$308.06−38.5% versus price
Lynch Fair Price$259.14−48.2% versus price
Absolute floor$414.62−17.2% versus price

Transparency · MAR

projections

These are not predictions. The model splits the possible outcomes into ranges and reports how often the price landed in each, across similar cases in the past.

computed on 9 august 2026

Where the price could go

The price range Berkshire Hathaway Inc shares could fall into, from six months out to five years

6 months

Where the price could go

The price range Berkshire Hathaway Inc shares could fall into, from six months out to five years

+7.3%most likely · $518.81
Pessimistic −12%Optimistic +34%
  • Today's price$483.68
  • Median$518.81
Pessimistic scenario$423.90
Optimistic scenario$646.89

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

With what probability

Estimated chances for the next six months

No clear tilt

  • Chance it ends higher than today59%
  • Chance it beats the indexindex +4.8%53%
  • Chance of a gain over 20%20%
  • Chance of a drop over 10%12%
  • Chance of a drop over 20%5%

12 months

Where the price could go

The price range Berkshire Hathaway Inc shares could fall into, from six months out to five years

+13.7%most likely · $549.96
Pessimistic −16%Optimistic +41%
  • Today's price$483.68
  • Median$549.96
Pessimistic scenario$407.99
Optimistic scenario$683.97

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

With what probability

Estimated chances for the next six months

More often up

  • Chance it ends higher than today72%
  • Chance it beats the indexindex +9.6%55%
  • Chance of a gain over 20%27%
  • Chance of a drop over 10%16%
  • Chance of a drop over 20%7%

3 years

Where the price could go

The price range Berkshire Hathaway Inc shares could fall into, from six months out to five years

+41.0%most likely · $682.10
Pessimistic +13%Optimistic +56%
  • Today's price$483.68
  • Median$682.10
Pessimistic scenario$547.82
Optimistic scenario$753.02

Expected growth over 3 years, per year: +12.1% per year, between +4% and +16%.

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

Where the return comes from

Today's price embeds a high expectation. The model assumes investors will, over time, pay less for the same profit, and that difference is subtracted from the annual growth.

  • earnings growth+7.1%
  • the dividend+0.0%
  • multiple re-rating+5.0%

5 years

Where the price could go

The price range Berkshire Hathaway Inc shares could fall into, from six months out to five years

+60.9%most likely · $778.46
Pessimistic +13%Optimistic +77%
  • Today's price$483.68
  • Median$778.46
Pessimistic scenario$547.82
Optimistic scenario$853.98

Expected growth over 5 years, per year: +10.0% per year, between +3% and +12%.

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

Where the return comes from

Today's price embeds a high expectation. The model assumes investors will, over time, pay less for the same profit, and that difference is subtracted from the annual growth.

  • earnings growth+6.5%
  • the dividend+0.0%
  • multiple re-rating+3.5%

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

Transparency · MAR

How the business is actually doing

The Business & Its Results

Fundamental analysis of Berkshire Hathaway Inc (BRK-B) stock: profitability, growth rate and capital efficiency, measured on reported figures. The fundamental score is 50.8 out of 100, held up by value and pulled down by growth.

50.8 · average

value65.5/100
quality46.1/100
growth40.8/100

the business and its results

Mixed results

How profitable is it?

49 · average

Capital invested in Berkshire Hathaway Inc produces 8.43% a year, and shareholders' equity 9.80%. Close to the middle of the sector.

  • Return on invested capitalProfit generated from all capital employed — equity and debt alike. Above the cost of capital (WACC) means value is created. Above 15% is very good.
  • Return on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
  • Return on assetsHow much profit the company draws from the assets it owns. Above ~5% is solid, though it varies widely by industry.
  • Gross profitabilityGross profit against assets — the quality measure proposed by Novy-Marx. High readings point to a durable competitive advantage.
  • Free cash flow marginHow much of sales is left as free cash after investment. Above ~15% is very healthy.
  • ROIC − WACC spreadThe gap between the return on capital and what that capital costs. Positive means invested capital adds value. Negative means it destroys value.
  • Net margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.

How fast does it grow?

36 · weak

Berkshire Hathaway Inc revenue moved 8.63% a year over the past five years, and net profit 9.51%.

  • Revenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
  • Earnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
  • Free cash flow growth (5-year annual)Average yearly growth in free cash flow. Keeping pace with profit means growth is backed by real money.
  • Net income growth (5-year annual)Average yearly growth in net income. Steady and positive points to a predictable business model.
  • Rule of 40Revenue growth added to the profitability margin. Above 40 means a good balance between growth and profitability.

Is profit backed by real cash?

50 · average

The Berkshire Hathaway Inc Piotroski score is 5 out of 9. The earnings quality signals are mixed.

  • Piotroski F-score (0–9)Nine financial health checks; each one passed adds a point. 7 or more means improving fundamentals.

How efficiently does it use its money?

25 · very weak

Money put into sales comes back to Berkshire Hathaway Inc in 39 days, more slowly than at most companies in the sector.

  • Cash conversion cycleHow many days pass between paying suppliers and collecting from customers. Low or negative means the company funds operations with its partners' money.
  • Cash conversion cycle (5-year average)The five-year average of the conversion cycle — it shows consistency, not just this year. Stable and low means durable operational discipline.
  • Cash conversion rateHow much of accounting profit actually turns into cash. Above 100% means profit is more than covered by real money.
  • ROIC minus WACC spread (5-year average)The same gap between the return on capital and its cost, but computed on the five-year average return rather than the current year. Positive and stable means growth worth financing.

The scores are percentiles against companies in the same sector, not absolute marks. A low score means the sector is doing better, not necessarily that the figures are bad.

financial data

The income statement, balance sheet and cash flows of Berkshire Hathaway Inc. Totals and main components are shown by default; the rest open from “all rows”.

revenue$371.44 bn201620252016$223.60 bn2017$242.14 bn2018$247.84 bn2019$254.62 bn2020$245.51 bn2021$354.64 bn2022$302.09 bn2023$364.48 bn2024$371.43 bn2025$371.44 bn
operating income$58.88 bn−0.9%201620252016$33.67 bn2017$23.84 bn2018$26.46 bn2019$106.28 bn2020$59.04 bn2021$111.69 bn2022$37.32 bn2023$48.12 bn2024$59.44 bn2025$58.88 bn
net income$66.97 bn−24.8%201620252016$24.07 bn2017$44.94 bn2018$4.02 bn2019$81.42 bn2020$42.52 bn2021$89.80 bn2022−$22.82 bn2023$96.22 bn2024$89.00 bn2025$66.97 bn
Income statement, annual, 6 periods
 2025Δ 202420242023202220212020
$371.44 bn100%$371.43 bn100%$364.48 bn100%$302.09 bn100%$354.64 bn100%$245.51 bn100%

Everything the company collected from sales, before any expense. At Berkshire Hathaway Inc, in 2025: $371.44 bn.

$283.67 bn76.4%−0.4%$284.86 bn76.7%$293.54 bn80.5%$124.32 bn41.2%$114.14 bn32.2%$101.09 bn41.2%

What it cost to produce what was sold: materials, labour, the factory. At Berkshire Hathaway Inc, in 2025: $283.67 bn · Δ −0.4% (2024).

$87.78 bn23.6%+1.4%$86.58 bn23.3%$70.95 bn19.5%$177.77 bn58.8%$354.64 bn100%$286.26 bn117%

What is left from sales after the direct cost of the product, before admin salaries and research. At Berkshire Hathaway Inc, in 2025: $87.78 bn · Δ +1.4% (2024).

gross margin23.6%23.6%23.3%23.3%19.5%19.5%58.8%58.8%100%100%117%117%
$37.42 bn10.1%+14.4%$32.71 bn8.8%$31.50 bn8.6%$5.55 bn1.8%$4.20 bn1.2%$3.52 bn1.4%

Sales and admin salaries, marketing, rent, everything that keeps the company running. At Berkshire Hathaway Inc, in 2025: $37.42 bn · Δ +14.4% (2024).

of which: selling and marketing—-$25.64 bn6.9%$25.46 bn7.0%$19.51 bn6.5%$18.84 bn5.3%$19.81 bn8.1%
$312.56 bn84.1%+0.2%$312.00 bn84.0%$316.36 bn86.8%$264.77 bn87.6%$242.95 bn68.5%$230.56 bn93.9%

The sum of all costs: cost of product plus operating expenses. At Berkshire Hathaway Inc, in 2025: $312.56 bn · Δ +0.2% (2024).

$28.90 bn7.8%+6.5%$27.14 bn7.3%$22.82 bn6.3%$264.77 bn87.6%$242.95 bn68.5%$74.29 bn30.3%

The sum of expenses that do not go directly into the product. At Berkshire Hathaway Inc, in 2025: $28.90 bn · Δ +6.5% (2024).

$58.88 bn15.9%−0.9%$59.44 bn16.0%$48.12 bn13.2%$37.32 bn12.4%$111.69 bn31.5%$59.04 bn24.0%

Profit from the core business, before interest and tax. At Berkshire Hathaway Inc, in 2025: $58.88 bn · Δ −0.9% (2024).

operating margin15.9%15.9%16.0%16.0%13.2%13.2%12.4%12.4%31.5%31.5%24.0%24.0%
$72.36 bn19.5%+0.1%$72.29 bn19.5%$60.61 bn16.6%−$16.09 bn-5.3%−$71.71 bn-20.2%$69.64 bn28.4%

Profit before interest, tax and depreciation. Close to the cash the business produces. At Berkshire Hathaway Inc, in 2025: $72.36 bn · Δ +0.1% (2024).

$58.88 bn15.9%−0.9%$59.44 bn16.0%$48.12 bn13.2%−$26.99 bn-8.9%−$82.43 bn-23.2%$59.04 bn24.0%

Profit before interest and tax. At Berkshire Hathaway Inc, in 2025: $58.88 bn · Δ −0.9% (2024).

Depreciation and amortisation$13.48 bn3.6%+4.8%$12.86 bn3.5%$12.49 bn3.4%$10.90 bn3.6%$10.72 bn3.0%$10.60 bn4.3%
Reconciled depreciation$13.48 bn3.6%+4.8%$12.86 bn3.5%$12.12 bn3.3%$10.90 bn3.6%$10.72 bn3.0%$10.60 bn4.3%
Interest income$23.26 bn6.3%+6.6%$21.83 bn5.9%$14.28 bn3.9%$66.04 bn21.9%$7.47 bn2.1%$8.09 bn3.3%
Interest expense$5.07 bn1.4%−2.5%$5.20 bn1.4%$5.00 bn1.4%$4.35 bn1.4%$4.17 bn1.2%$4.08 bn1.7%
Net interest income−$5.07 bn-1.4%+2.5%−$5.20 bn-1.4%−$4.87 bn-1.3%−$4.35 bn-1.4%−$4.17 bn-1.2%−$4.08 bn-1.7%
—-—-—-—-$79.54 bn22.4%$41.47 bn16.9%

Gains and losses that do not come from the core business.

$23.58 bn6.3%−53.7%$50.94 bn13.7%$72.04 bn19.8%$67.90 bn22.5%$193.10 bn54.4%−$3.35 bn-1.4%

The balance of all non-operating income and expense. At Berkshire Hathaway Inc, in 2025: $23.58 bn · Δ −53.7% (2024).

—-—-—-—-—-$00.0%

Gains or losses that do not repeat and do not belong to normal operations.

$82.46 bn22.2%−25.3%$110.38 bn29.7%$120.17 bn33.0%−$30.58 bn-10.1%$111.69 bn31.5%$55.69 bn22.7%

Profit left after interest, but before the state takes its share. At Berkshire Hathaway Inc, in 2025: $82.46 bn · Δ −25.3% (2024).

$15.20 bn4.1%−27.0%$20.82 bn5.6%$23.02 bn6.3%−$8.52 bn-2.8%$20.88 bn5.9%$12.44 bn5.1%

Income tax owed for the period. At Berkshire Hathaway Inc, in 2025: $15.20 bn · Δ −27.0% (2024).

Tax provision$15.20 bn4.1%−27.0%$20.82 bn5.6%$17.70 bn4.9%−$8.52 bn-2.8%$20.88 bn5.9%$12.44 bn5.1%
Minority interest−$292.0 m-0.1%+48.4%−$566.0 m-0.2%−$897.0 m-0.2%$8.73 bn2.9%$8.26 bn2.3%$8.17 bn3.3%
$67.26 bn18.1%−24.9%$89.56 bn24.1%$77.57 bn21.3%−$22.06 bn-7.3%$90.81 bn25.6%$43.25 bn17.6%

Profit from the businesses the company will still have next year. At Berkshire Hathaway Inc, in 2025: $67.26 bn · Δ −24.9% (2024).

$66.97 bn18.0%−24.8%$89.00 bn24.0%$96.22 bn26.4%−$22.82 bn-7.6%$89.80 bn25.3%$42.52 bn17.3%

The profit left for shareholders after absolutely every expense. At Berkshire Hathaway Inc, in 2025: $66.97 bn · Δ −24.8% (2024).

net margin18.0%18.0%24.0%24.0%26.4%26.4%-7.6%-7.6%25.3%25.3%17.3%17.3%
$66.97 bn18.0%−24.8%$89.00 bn24.0%$96.22 bn26.4%−$22.82 bn-7.6%$89.80 bn25.3%$42.52 bn17.3%

The share of profit that belongs to ordinary shares. At Berkshire Hathaway Inc, in 2025: $66.97 bn · Δ −24.8% (2024).

nonRecurring—-—-—-—-—-$10.67 bn4.3%
revenue$93.68 bn+4.4%Q2 24Q1 26Q2 24$93.65 bnQ3 24$93.00 bnQ4 24$94.92 bnQ1 25$89.73 bnQ2 25$92.52 bnQ3 25$94.97 bnQ4 25$94.23 bnQ1 26$93.68 bn
operating income$15.05 bn+18.4%Q2 24Q1 26Q2 24$14.67 bnQ3 24−$42.36 bnQ4 24$16.40 bnQ1 25$12.71 bnQ2 25$15.58 bnQ3 25$16.66 bnQ4 25$12.99 bnQ1 26$15.05 bn
net income$10.11 bn+120%Q2 24Q1 26Q2 24$30.35 bnQ3 24$26.25 bnQ4 24$19.69 bnQ1 25$4.60 bnQ2 25$12.37 bnQ3 25$30.80 bnQ4 25$19.20 bnQ1 26$10.11 bn
Income statement, quarterly, 6 periods
 Q1 26Δ Q1 25Q4 25Q3 25Q2 25Q1 25Q4 24
$93.68 bn100%+4.4%$94.23 bn100%$94.97 bn100%$92.52 bn100%$89.73 bn100%$94.92 bn100%

Everything the company collected from sales, before any expense. At Berkshire Hathaway Inc, in Q1 26: $93.68 bn · Δ +4.4% (Q1 25).

$66.70 bn71.2%−3.8%$72.55 bn77.0%$71.59 bn75.4%$70.20 bn75.9%$69.33 bn77.3%$68.53 bn72.2%

What it cost to produce what was sold: materials, labour, the factory. At Berkshire Hathaway Inc, in Q1 26: $66.70 bn · Δ −3.8% (Q1 25).

$26.98 bn28.8%+32.3%$21.68 bn23.0%$23.38 bn24.6%$22.32 bn24.1%$20.40 bn22.7%$26.39 bn27.8%

What is left from sales after the direct cost of the product, before admin salaries and research. At Berkshire Hathaway Inc, in Q1 26: $26.98 bn · Δ +32.3% (Q1 25).

gross margin28.8%28.8%23.0%23.0%24.6%24.6%24.1%24.1%22.7%22.7%27.8%27.8%
$6.56 bn7.0%−31.5%$9.87 bn10.5%$6.29 bn6.6%$9.82 bn10.6%$9.57 bn10.7%$10.22 bn10.8%

Sales and admin salaries, marketing, rent, everything that keeps the company running. At Berkshire Hathaway Inc, in Q1 26: $6.56 bn · Δ −31.5% (Q1 25).

of which: selling and marketing$4.52 bn4.8%—-—-—-—-$8.35 bn8.8%
$78.63 bn83.9%+2.1%$81.25 bn86.2%$78.31 bn82.5%$76.93 bn83.2%$77.01 bn85.8%$78.51 bn82.7%

The sum of all costs: cost of product plus operating expenses. At Berkshire Hathaway Inc, in Q1 26: $78.63 bn · Δ +2.1% (Q1 25).

$11.93 bn12.7%+55.3%$8.70 bn9.2%$6.72 bn7.1%$6.73 bn7.3%$7.68 bn8.6%$9.99 bn10.5%

The sum of expenses that do not go directly into the product. At Berkshire Hathaway Inc, in Q1 26: $11.93 bn · Δ +55.3% (Q1 25).

$15.05 bn16.1%+18.4%$12.99 bn13.8%$16.66 bn17.5%$15.58 bn16.8%$12.71 bn14.2%$16.40 bn17.3%

Profit from the core business, before interest and tax. At Berkshire Hathaway Inc, in Q1 26: $15.05 bn · Δ +18.4% (Q1 25).

operating margin16.1%16.1%13.8%13.8%17.5%17.5%16.8%16.8%14.2%14.2%17.3%17.3%
$19.99 bn21.3%+25.1%$16.53 bn17.5%$20.00 bn21.1%$18.91 bn20.4%$15.98 bn17.8%$19.69 bn20.7%

Profit before interest, tax and depreciation. Close to the cash the business produces. At Berkshire Hathaway Inc, in Q1 26: $19.99 bn · Δ +25.1% (Q1 25).

$16.48 bn17.6%+29.6%$12.99 bn13.8%$16.66 bn17.5%$15.58 bn16.8%$12.71 bn14.2%$16.40 bn17.3%

Profit before interest and tax. At Berkshire Hathaway Inc, in Q1 26: $16.48 bn · Δ +29.6% (Q1 25).

Depreciation and amortisation$3.51 bn3.7%+7.5%$3.55 bn3.8%$3.33 bn3.5%$3.33 bn3.6%$3.27 bn3.6%$3.28 bn3.5%
Reconciled depreciation$3.51 bn3.7%+7.5%$3.55 bn3.8%—-$3.33 bn3.6%$3.27 bn3.6%$3.28 bn3.5%
Interest income$5.43 bn5.8%−3.6%$5.93 bn6.3%$22.27 bn23.4%$5.38 bn5.8%$5.63 bn6.3%$6.38 bn6.7%
Interest expense$1.30 bn1.4%+3.5%$1.30 bn1.4%$325.0 m0.3%$1.25 bn1.4%$1.26 bn1.4%$1.44 bn1.5%
Net interest income−$1.30 bn-1.4%−3.5%−$1.30 bn-1.4%—-−$1.25 bn-1.4%−$1.26 bn-1.4%−$1.44 bn-1.5%
−$2.73 bn-2.9%+63.9%$11.47 bn12.2%$21.44 bn22.6%−$834.0 m-0.9%−$7.57 bn-8.4%$7.62 bn8.0%

The balance of all non-operating income and expense. At Berkshire Hathaway Inc, in Q1 26: −$2.73 bn · Δ +63.9% (Q1 25).

$12.32 bn13.2%+139%$24.46 bn26.0%$38.11 bn40.1%$14.75 bn15.9%$5.15 bn5.7%$24.03 bn25.3%

Profit left after interest, but before the state takes its share. At Berkshire Hathaway Inc, in Q1 26: $12.32 bn · Δ +139% (Q1 25).

$2.14 bn2.3%+350%$5.19 bn5.5%$7.24 bn7.6%$2.29 bn2.5%$476.0 m0.5%$4.27 bn4.5%

Income tax owed for the period. At Berkshire Hathaway Inc, in Q1 26: $2.14 bn · Δ +350% (Q1 25).

Tax provision$2.14 bn2.3%+350%$5.19 bn5.5%$7.24 bn7.6%$2.29 bn2.5%$476.0 m0.5%$4.27 bn4.5%
Minority interest−$73.0 m-0.1%−5.8%−$68.0 m-0.1%—-−$87.0 m-0.1%−$69.0 m-0.1%−$57.0 m-0.1%
$10.18 bn10.9%+118%$19.27 bn20.4%—-$12.46 bn13.5%$4.67 bn5.2%$19.75 bn20.8%

Profit from the businesses the company will still have next year. At Berkshire Hathaway Inc, in Q1 26: $10.18 bn · Δ +118% (Q1 25).

$10.11 bn10.8%+120%$19.20 bn20.4%$30.80 bn32.4%$12.37 bn13.4%$4.60 bn5.1%$19.69 bn20.7%

The profit left for shareholders after absolutely every expense. At Berkshire Hathaway Inc, in Q1 26: $10.11 bn · Δ +120% (Q1 25).

net margin10.8%10.8%20.4%20.4%32.4%32.4%13.4%13.4%5.1%5.1%20.7%20.7%
—-$19.20 bn20.4%$30.80 bn32.4%$12.37 bn13.4%$4.60 bn5.1%$19.69 bn20.7%

The share of profit that belongs to ordinary shares.

total assets$1,222.18 bn+5.9%201620252016$620.85 bn2017$702.10 bn2018$707.79 bn2019$817.73 bn2020$873.73 bn2021$958.78 bn2022$948.45 bn2023$1,069.98 bn2024$1,153.88 bn2025$1,222.18 bn
total liabilities$502.47 bn201620252016$334.50 bn2017$350.14 bn2018$355.29 bn2019$389.17 bn2020$422.39 bn2021$443.85 bn2022$467.84 bn2023$499.21 bn2024$502.23 bn2025$502.47 bn
shareholders equity$717.42 bn+10.5%201620252016$286.36 bn2017$351.95 bn2018$352.50 bn2019$428.56 bn2020$451.34 bn2021$514.93 bn2022$480.62 bn2023$570.77 bn2024$649.37 bn2025$717.42 bn
Balance sheet, annual, 6 periods
 2025Δ 202420242023202220212020
$1,222.18 bn100%+5.9%$1,153.88 bn100%$1,069.98 bn100%$948.45 bn100%$958.78 bn100%$873.73 bn100%

Everything the company owns: factories, inventory, cash, receivables. At Berkshire Hathaway Inc, in 2025: $1,222.18 bn · Δ +5.9% (2024).

$476.29 bn39.0%+9.6%$434.40 bn37.6%$211.84 bn19.8%$176.89 bn18.6%$186.28 bn19.4%$174.14 bn19.9%

What turns into money in less than a year. At Berkshire Hathaway Inc, in 2025: $476.29 bn · Δ +9.6% (2024).

Cash$51.88 bn4.2%+8.7%$47.73 bn4.1%$38.02 bn3.6%$35.81 bn3.8%$88.18 bn9.2%$47.99 bn5.5%
Cash and equivalents$51.88 bn4.2%+8.7%$47.73 bn4.1%$38.02 bn3.6%$35.81 bn3.8%$88.18 bn9.2%$47.99 bn5.5%
Short-term investments$321.43 bn26.3%+12.2%$286.47 bn24.8%$129.62 bn12.1%$92.77 bn9.8%$58.54 bn6.1%$90.30 bn10.3%
Cash and short-term investments$373.31 bn30.5%+11.7%$334.20 bn29.0%$167.64 bn15.7%$128.59 bn13.6%$146.72 bn15.3%$138.29 bn15.8%
Net receivables$78.55 bn6.4%+3.1%$76.19 bn6.6%$44.20 bn4.1%$48.30 bn5.1%$39.57 bn4.1%$35.85 bn4.1%
Inventory$24.42 bn2.0%+1.7%$24.01 bn2.1%$24.16 bn2.3%$25.37 bn2.7%$20.95 bn2.2%$19.21 bn2.2%
Other current assets—-$12.09 bn1.0%−$24.16 bn-2.3%$26.54 bn2.8%$21.81 bn2.3%$19.88 bn2.3%
$745.89 bn61.0%+3.7%$719.48 bn62.4%$93.01 bn8.7%$672.51 bn70.9%$683.08 bn71.2%$615.90 bn70.5%

What stays in the company for years: buildings, machinery, licences. At Berkshire Hathaway Inc, in 2025: $745.89 bn · Δ +3.7% (2024).

Property, plant and equipment$241.18 bn19.7%+5.4%$228.77 bn19.8%$221.87 bn20.7%$201.94 bn21.3%$196.37 bn20.5%$187.02 bn21.4%
PP&E, net$241.18 bn19.7%+5.4%$228.77 bn19.8%$216.59 bn20.2%$196.97 bn20.8%$191.28 bn20.0%$187.02 bn21.4%
—-—-—-—-—-$187.02 bn21.4%

The purchase value of buildings and machinery, before accumulated depreciation. That is why it exceeds the net value.

Goodwill$83.07 bn6.8%−1.0%$83.88 bn7.3%$84.63 bn7.9%$78.12 bn8.2%$73.88 bn7.7%$73.73 bn8.4%
Intangible assets$34.84 bn2.9%−2.6%$35.77 bn3.1%$29.33 bn2.7%$29.19 bn3.1%$28.49 bn3.0%$30.68 bn3.5%
Long-term investments$657.01 bn53.8%+8.7%$604.56 bn52.4%$536.29 bn50.1%$454.75 bn47.9%$443.06 bn46.2%$37.71 bn4.3%
Other non-current assets$50.39 bn4.1%−3.3%$52.12 bn4.5%−$866.83 bn-81.0%−$77.02 bn-8.1%−$90.24 bn-9.4%−$74.10 bn-8.5%
Other assets$8.80 bn0.7%−6.9%$9.44 bn0.8%$765.13 bn71.5%$72.51 bn7.6%$67.61 bn7.1%$63.81 bn7.3%
$502.47 bn41.1%$502.23 bn43.5%$499.21 bn46.7%$467.84 bn49.3%$443.85 bn46.3%$422.39 bn48.3%

Everything the company owes, to banks and suppliers alike. At Berkshire Hathaway Inc, in 2025: $502.47 bn.

$70.54 bn5.8%−3.5%$73.11 bn6.3%$8.25 bn0.8%$62.50 bn6.6%$45.23 bn4.7%$45.63 bn5.2%

Debts due in less than a year. At Berkshire Hathaway Inc, in 2025: $70.54 bn · Δ −3.5% (2024).

Accounts payable$57.27 bn4.7%+15.7%$49.49 bn4.3%$49.35 bn4.6%$49.82 bn5.3%$46.07 bn4.8%$44.50 bn5.1%
Short-term debt$13.27 bn1.1%−43.8%$23.63 bn2.0%$5.34 bn0.5%$2.43 bn0.3%$2.35 bn0.2%$3.35 bn0.4%
Current portion of long-term debt$3.32 bn0.3%+36.1%$2.44 bn0.2%$5.34 bn0.5%$2.43 bn0.3%$2.35 bn0.2%$3.35 bn0.4%
Deferred revenue—-$9.36 bn0.8%$8.25 bn0.8%$6.82 bn0.7%−$2.35 bn-0.2%−$3.35 bn-0.4%
Other current liabilities—-$15.31 bn1.3%−$5.34 bn-0.5%$8.62 bn0.9%$4.53 bn0.5%$5.65 bn0.6%
$431.94 bn35.3%+0.7%$429.12 bn37.2%$490.96 bn45.9%$197.34 bn20.8%$202.15 bn21.1%$187.65 bn21.5%

Debts due beyond one year. At Berkshire Hathaway Inc, in 2025: $431.94 bn · Δ +0.7% (2024).

Long-term debt$125.76 bn10.3%+2.8%$122.32 bn10.6%$122.94 bn11.5%$120.32 bn12.7%$111.91 bn11.7%$113.55 bn13.0%
Total long-term debt$125.76 bn10.3%+2.8%$122.32 bn10.6%$122.94 bn11.5%$120.32 bn12.7%$111.91 bn11.7%$113.55 bn13.0%
Other non-current liabilities—-—-—-—-$283.52 bn29.6%$422.39 bn48.3%
of which: deferred liabilities—-—-—-$13.67 bn1.4%$14.04 bn1.5%$15.69 bn1.8%
Other liabilities—-—-—-$294.32 bn31.0%$282.96 bn29.5%$259.09 bn29.7%
$717.42 bn58.7%+10.5%$649.37 bn56.3%$570.77 bn53.3%$480.62 bn50.7%$514.93 bn53.7%$451.34 bn51.7%

What would be left for shareholders if everything were sold and every debt paid. At Berkshire Hathaway Inc, in 2025: $717.42 bn · Δ +10.5% (2024).

$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%

Money put in by shareholders at founding and at capital raises. At Berkshire Hathaway Inc, in 2025: $8.0 m.

$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%

Capital subscribed by shareholders. At Berkshire Hathaway Inc, in 2025: $8.0 m.

$35.61 bn2.9%−0.1%$35.67 bn3.1%$34.48 bn3.2%$35.17 bn3.7%$35.59 bn3.7%$35.63 bn4.1%

What was paid above the nominal value of the shares. At Berkshire Hathaway Inc, in 2025: $35.61 bn · Δ −0.1% (2024).

$763.19 bn62.4%+9.6%$696.22 bn60.3%$607.35 bn56.8%$511.60 bn53.9%$534.42 bn55.7%$444.63 bn50.9%

Past years’ profits the company kept instead of distributing. At Berkshire Hathaway Inc, in 2025: $763.19 bn · Δ +9.6% (2024).

Retained earnings, total—-—-—-—-$534.42 bn55.7%$444.63 bn50.9%
Accumulated other comprehensive income−$2.45 bn-0.2%+31.7%−$3.58 bn-0.3%−$3.76 bn-0.4%−$6.59 bn-0.7%−$4.03 bn-0.4%−$4.24 bn-0.5%
Other equity items−$43.33 bn-3.5%−0.1%−$43.27 bn-3.8%−$42.32 bn-4.0%−$32.66 bn-3.4%−$24.20 bn-2.5%$2.77 bn0.3%
—-—-—-—-−$59.80 bn-6.2%−$32.85 bn-3.8%

Own shares bought back by the company and taken out of circulation.

Common stock, total—-—-—-—-$8.0 m0.0%$8.0 m0.0%
Non-controlling interests—-—-—-—-$8.73 bn0.9%$8.17 bn0.9%
$1,222.18 bn100%+5.9%$1,153.88 bn100%$1,069.98 bn100%$948.45 bn100%$958.78 bn100%$873.73 bn100%

Liabilities plus equity. Must equal total assets. At Berkshire Hathaway Inc, in 2025: $1,222.18 bn · Δ +5.9% (2024).

$87.08 bn7.1%−9.1%$95.80 bn8.3%$90.25 bn8.4%$86.93 bn9.2%$26.08 bn2.7%$68.91 bn7.9%

Debt left after subtracting cash in the bank. Negative means more money than debt. At Berkshire Hathaway Inc, in 2025: $87.08 bn · Δ −9.1% (2024).

$138.95 bn11.4%−3.2%$143.53 bn12.4%$128.27 bn12.0%$122.74 bn12.9%$114.26 bn11.9%$116.90 bn13.4%

All borrowings, short and long term. At Berkshire Hathaway Inc, in 2025: $138.95 bn · Δ −3.2% (2024).

—-—-—-$363.76 bn38.4%$402.69 bn42.0%$339.97 bn38.9%

Assets without goodwill and licences, that is only what can be touched.

$846.50 bn69.3%+9.3%$774.13 bn67.1%$689.54 bn64.4%$595.10 bn62.7%$620.46 bn64.7%$560.06 bn64.1%

The capital the business actually has at work. At Berkshire Hathaway Inc, in 2025: $846.50 bn · Δ +9.3% (2024).

2.16 bn-2.16 bn-2.17 bn-2.20 bn-2.27 bn-2.39 bn-

How many shares exist. If the number rises, each shareholder’s slice shrinks. At Berkshire Hathaway Inc, in 2025: $2.16 bn.

total assets$1,252.27 bn+7.5%Q2 24Q1 26Q2 24$1,108.86 bnQ3 24$1,147.25 bnQ4 24$1,153.88 bnQ1 25$1,164.53 bnQ2 25$1,163.97 bnQ3 25$1,225.96 bnQ4 25$1,222.18 bnQ1 26$1,252.27 bn
total liabilities$522.82 bn+3.0%Q2 24Q1 26Q2 24$500.89 bnQ3 24$515.45 bnQ4 24$502.23 bnQ1 25$507.79 bnQ2 25$493.69 bnQ3 25$525.52 bnQ4 25$502.47 bnQ1 26$522.82 bn
shareholders equity$727.18 bn+11.1%Q2 24Q1 26Q2 24$601.70 bnQ3 24$629.07 bnQ4 24$649.37 bnQ1 25$654.47 bnQ2 25$667.99 bnQ3 25$698.16 bnQ4 25$717.42 bnQ1 26$727.18 bn
Balance sheet, quarterly, 6 periods
 Q1 26Δ Q1 25Q4 25Q3 25Q2 25Q1 25Q4 24
$1,252.27 bn100%+7.5%$1,222.18 bn100%$1,225.96 bn100%$1,163.97 bn100%$1,164.53 bn100%$1,153.88 bn100%

Everything the company owns: factories, inventory, cash, receivables. At Berkshire Hathaway Inc, in Q1 26: $1,252.27 bn · Δ +7.5% (Q1 25).

$504.77 bn40.3%+11.8%$476.29 bn39.0%$489.78 bn40.0%$448.98 bn38.6%$451.54 bn38.8%$434.40 bn37.6%

What turns into money in less than a year. At Berkshire Hathaway Inc, in Q1 26: $504.77 bn · Δ +11.8% (Q1 25).

Cash$58.12 bn4.6%+37.8%$51.88 bn4.2%$76.31 bn6.2%$100.49 bn8.6%$42.18 bn3.6%$47.73 bn4.1%
Cash and equivalents—-$51.88 bn4.2%$76.31 bn6.2%$100.49 bn8.6%$42.18 bn3.6%$47.73 bn4.1%
Short-term investments$339.26 bn27.1%+11.1%$321.43 bn26.3%$305.37 bn24.9%$243.61 bn20.9%$305.50 bn26.2%$286.47 bn24.8%
Cash and short-term investments$397.38 bn31.7%+14.3%$373.31 bn30.5%$381.67 bn31.1%$344.09 bn29.6%$347.68 bn29.9%$334.20 bn29.0%
Net receivables$81.86 bn6.5%+2.6%$78.55 bn6.4%$82.79 bn6.8%$80.52 bn6.9%$79.82 bn6.9%$76.19 bn6.6%
Inventory$25.52 bn2.0%+6.2%$24.42 bn2.0%$25.32 bn2.1%$24.37 bn2.1%$24.03 bn2.1%$24.01 bn2.1%
Other current assets—-—-—-−$395.89 bn-34.0%—-$12.09 bn1.0%
$747.51 bn59.7%+4.8%$745.89 bn61.0%$736.18 bn60.0%$714.99 bn61.4%$712.99 bn61.2%$719.48 bn62.4%

What stays in the company for years: buildings, machinery, licences. At Berkshire Hathaway Inc, in Q1 26: $747.51 bn · Δ +4.8% (Q1 25).

Property, plant and equipment—-$235.16 bn19.2%$230.57 bn18.8%$227.86 bn19.6%$224.76 bn19.3%$222.93 bn19.3%
PP&E, net$241.74 bn19.3%+7.6%$241.18 bn19.7%$230.57 bn18.8%$227.86 bn19.6%$224.76 bn19.3%$228.77 bn19.8%
Goodwill$83.18 bn6.6%−1.0%$83.07 bn6.8%$84.53 bn6.9%$84.25 bn7.2%$84.01 bn7.2%$83.88 bn7.3%
Intangible assets$34.28 bn2.7%−3.3%$34.84 bn2.9%$35.12 bn2.9%$35.17 bn3.0%$35.44 bn3.0%$35.77 bn3.1%
Long-term investments$664.92 bn53.1%+8.0%$657.01 bn53.8%—-$551.94 bn47.4%$615.42 bn52.8%$604.56 bn52.4%
Other non-current assets$62.65 bn5.0%+8.0%$50.39 bn4.1%$58.28 bn4.8%$58.43 bn5.0%$58.01 bn5.0%$52.12 bn4.5%
Other assets—-$8.80 bn0.7%$8.95 bn0.7%$1,163.97 bn100%$9.30 bn0.8%$48.21 bn4.2%
$522.82 bn41.7%+3.0%$502.47 bn41.1%$525.52 bn42.9%$493.69 bn42.4%$507.79 bn43.6%$502.23 bn43.5%

Everything the company owes, to banks and suppliers alike. At Berkshire Hathaway Inc, in Q1 26: $522.82 bn · Δ +3.0% (Q1 25).

$118.09 bn9.4%+66.2%$70.54 bn5.8%$83.10 bn6.8%$58.12 bn5.0%$71.06 bn6.1%$73.11 bn6.3%

Debts due in less than a year. At Berkshire Hathaway Inc, in Q1 26: $118.09 bn · Δ +66.2% (Q1 25).

Accounts payable$58.22 bn4.6%+6.3%$57.27 bn4.7%$56.82 bn4.6%$55.14 bn4.7%$54.76 bn4.7%$49.49 bn4.3%
Short-term debt$17.23 bn1.4%+5.7%$13.27 bn1.1%$26.28 bn2.1%$2.99 bn0.3%$16.30 bn1.4%$23.63 bn2.0%
Current portion of long-term debt$2.24 bn0.2%+16.8%$3.32 bn0.3%—-$2.99 bn0.3%$1.92 bn0.2%$2.44 bn0.2%
Deferred revenue$32.75 bn2.6%+244%—-$10.05 bn0.8%$9.75 bn0.8%$9.51 bn0.8%$9.36 bn0.8%
Other current liabilities$9.90 bn0.8%−90.2%—-−$83.10 bn-6.8%−$2.99 bn-0.3%$100.63 bn8.6%$15.31 bn1.3%
$404.73 bn32.3%−7.3%$431.94 bn35.3%$442.43 bn36.1%$435.57 bn37.4%$436.73 bn37.5%$429.12 bn37.2%

Debts due beyond one year. At Berkshire Hathaway Inc, in Q1 26: $404.73 bn · Δ −7.3% (Q1 25).

Long-term debt$126.64 bn10.1%+2.1%$125.76 bn10.3%$124.20 bn10.1%$124.03 bn10.7%$124.01 bn10.6%$122.32 bn10.6%
Total long-term debt—-$125.76 bn10.3%$124.20 bn10.1%$124.03 bn10.7%$124.01 bn10.6%$122.32 bn10.6%
$727.18 bn58.1%+11.1%$717.42 bn58.7%$698.16 bn56.9%$667.99 bn57.4%$654.47 bn56.2%$649.37 bn56.3%

What would be left for shareholders if everything were sold and every debt paid. At Berkshire Hathaway Inc, in Q1 26: $727.18 bn · Δ +11.1% (Q1 25).

$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%

Money put in by shareholders at founding and at capital raises. At Berkshire Hathaway Inc, in Q1 26: $8.0 m.

$8.0 m0.0%$8.0 m0.0%—-$8.0 m0.0%$8.0 m0.0%$8.0 m0.0%

Capital subscribed by shareholders. At Berkshire Hathaway Inc, in Q1 26: $8.0 m.

—-$35.61 bn2.9%$35.62 bn2.9%$35.62 bn3.1%$35.67 bn3.1%$35.67 bn3.1%

What was paid above the nominal value of the shares.

$773.29 bn61.8%+10.3%$763.19 bn62.4%$743.99 bn60.7%$713.19 bn61.3%$700.82 bn60.2%$696.22 bn60.3%

Past years’ profits the company kept instead of distributing. At Berkshire Hathaway Inc, in Q1 26: $773.29 bn · Δ +10.3% (Q1 25).

Accumulated other comprehensive income−$2.51 bn-0.2%+18.6%−$2.45 bn-0.2%−$2.52 bn-0.2%−$1.90 bn-0.2%−$3.08 bn-0.3%−$3.58 bn-0.3%
Other equity items−$43.61 bn-3.5%−0.8%−$43.33 bn-3.5%−$43.32 bn-3.5%−$43.32 bn-3.7%−$43.27 bn-3.7%−$43.27 bn-3.8%
$1,252.27 bn100%+7.5%$1,222.18 bn100%$1,225.96 bn100%$1,163.97 bn100%$1,164.53 bn100%$1,153.88 bn100%

Liabilities plus equity. Must equal total assets. At Berkshire Hathaway Inc, in Q1 26: $1,252.27 bn · Δ +7.5% (Q1 25).

$87.99 bn7.0%−10.3%$87.08 bn7.1%$74.18 bn6.1%$26.53 bn2.3%$98.13 bn8.4%$95.80 bn8.3%

Debt left after subtracting cash in the bank. Negative means more money than debt. At Berkshire Hathaway Inc, in Q1 26: $87.99 bn · Δ −10.3% (Q1 25).

$146.12 bn11.7%+4.1%$138.95 bn11.4%$150.48 bn12.3%$127.02 bn10.9%$140.31 bn12.0%$143.53 bn12.4%

All borrowings, short and long term. At Berkshire Hathaway Inc, in Q1 26: $146.12 bn · Δ +4.1% (Q1 25).

$856.07 bn68.4%+9.7%$846.50 bn69.3%—-$795.01 bn68.3%$780.40 bn67.0%$774.13 bn67.1%

The capital the business actually has at work. At Berkshire Hathaway Inc, in Q1 26: $856.07 bn · Δ +9.7% (Q1 25).

2.16 bn-2.16 bn-2.16 bn-2.16 bn-2.16 bn-2.16 bn-

How many shares exist. If the number rises, each shareholder’s slice shrinks. At Berkshire Hathaway Inc, in Q1 26: $2.16 bn.

from operations$45.97 bn+50.3%201620252016$32.54 bn2017$45.78 bn2018$37.40 bn2019$38.69 bn2020$39.77 bn2021$39.42 bn2022$37.22 bn2023$49.20 bn2024$30.59 bn2025$45.97 bn
from investing−$44.49 bn−332%201620252016−$84.27 bn2017−$41.09 bn2018−$32.85 bn2019−$5.62 bn2020−$37.76 bn2021$29.39 bn2022−$87.60 bn2023−$32.66 bn2024−$10.29 bn2025−$44.49 bn
from financing$2.23 bn+122%201620252016$12.79 bn2017−$1.40 bn2018−$5.81 bn2019$730.0 m2020−$18.34 bn2021−$28.51 bn2022−$1.66 bn2023−$14.41 bn2024−$10.36 bn2025$2.23 bn
Cash flows, annual, 6 periods
 2025Δ 202420242023202220212020
$66.97 bn-−25.2%$89.56 bn-$97.15 bn-−$22.06 bn-$90.81 bn-$43.25 bn-

The profit left for shareholders after absolutely every expense. At Berkshire Hathaway Inc, in 2025: $66.97 bn · Δ −25.2% (2024).

$13.48 bn-+4.8%$12.86 bn-$12.49 bn-$10.90 bn-$10.72 bn-$10.60 bn-

The accounting wear on buildings and machinery. It lowers profit but takes no cash out. At Berkshire Hathaway Inc, in 2025: $13.48 bn · Δ +4.8% (2024).

—-—-—-$64.06 bn-−$79.96 bn-−$40.91 bn-

Adjustments that bring accounting profit closer to money collected.

$2.36 bn-+135%−$6.78 bn-$20.44 bn-−$14.92 bn-$18.87 bn-$15.57 bn-

Money tied up in or released from inventory, receivables and payables. At Berkshire Hathaway Inc, in 2025: $2.36 bn · Δ +135% (2024).

of which: receivables−$2.43 bn-−488%$626.0 m-−$1.95 bn-−$5.59 bn-−$5.83 bn-−$1.61 bn-
of which: receivables, total—-—-—-—-−$5.83 bn-−$1.61 bn-
of which: inventory—-$591.0 m-$1.43 bn-−$4.78 bn-−$1.86 bn-$681.0 m-
of which: liabilities—-—-—-$1.86 bn-$2.31 bn-$12.16 bn-
of which: other changes—-—-—-$6.49 bn-$7.10 bn-$8.39 bn-
Other operating flows—-—-—-—-$4.71 bn-$16.28 bn-
Other non-cash items−$36.83 bn-+43.4%−$65.04 bn-−$80.88 bn-$63.30 bn-−$80.97 bn-−$29.64 bn-
$45.97 bn-+50.3%$30.59 bn-$49.20 bn-$37.22 bn-$39.42 bn-$39.77 bn-

The money the business actually produced, before investment. At Berkshire Hathaway Inc, in 2025: $45.97 bn · Δ +50.3% (2024).

$20.93 bn-+10.3%$18.98 bn-$19.41 bn-$15.46 bn-$13.28 bn-$13.01 bn-

Money put into factories, machinery and equipment. At Berkshire Hathaway Inc, in 2025: $20.93 bn · Δ +10.3% (2024).

−$23.64 bn-−130%−$10.29 bn-−$31.40 bn-−$87.60 bn-$29.39 bn-−$379.0 m-

Purchases and sales of financial holdings. At Berkshire Hathaway Inc, in 2025: −$23.64 bn · Δ −130% (2024).

Other investing flows$1.16 bn-+693%−$195.0 m-$685.0 m-$239.0 m-$297.0 m-−$24.37 bn-
−$44.49 bn-−332%−$10.29 bn-−$32.66 bn-−$87.60 bn-$29.39 bn-−$37.76 bn-

The balance of investing cash. Negative means the company is building. At Berkshire Hathaway Inc, in 2025: −$44.49 bn · Δ −332% (2024).

$0-+100%−$2.92 bn-−$9.17 bn-−$7.85 bn-−$27.06 bn-−$24.71 bn-

Shares bought back from the market or issued. At Berkshire Hathaway Inc, in 2025: $0 · Δ +100% (2024).

$3.03 bn-+266%−$1.82 bn-−$1.09 bn-$8.17 bn-−$752.0 m-$6.79 bn-

Loans taken minus loans repaid. At Berkshire Hathaway Inc, in 2025: $3.03 bn · Δ +266% (2024).

Other financing flows−$793.0 m-+85.9%−$5.62 bn-−$4.15 bn-−$1.98 bn-$5.60 bn-$12.82 bn-
$2.23 bn-+122%−$10.36 bn-−$14.41 bn-−$1.66 bn-−$28.51 bn-−$18.34 bn-

The balance of financing cash: loans, dividends, buybacks. At Berkshire Hathaway Inc, in 2025: $2.23 bn · Δ +122% (2024).

$4.15 bn-−57.4%$9.73 bn-$2.24 bn-−$52.31 bn-$40.31 bn-−$16.24 bn-

How much the cash in the bank rose or fell. At Berkshire Hathaway Inc, in 2025: $4.15 bn · Δ −57.4% (2024).

Change in cash and equivalents—-—-—-—-$40.31 bn-−$16.33 bn-
$47.73 bn-+23.5%$38.64 bn-$36.40 bn-$88.71 bn-$48.40 bn-$64.63 bn-

Cash in the bank at the start of the period. At Berkshire Hathaway Inc, in 2025: $47.73 bn · Δ +23.5% (2024).

$51.88 bn-+7.2%$48.38 bn-$38.64 bn-$36.40 bn-$88.71 bn-$48.40 bn-

Cash in the bank at the end of the period. At Berkshire Hathaway Inc, in 2025: $51.88 bn · Δ +7.2% (2024).

$25.04 bn-+116%$11.62 bn-$29.79 bn-$21.76 bn-$26.15 bn-$26.76 bn-

The money left after the business paid for its investments. Dividends and debt repayment come from here. At Berkshire Hathaway Inc, in 2025: $25.04 bn · Δ +116% (2024).

from operations$10.44 bn−4.3%Q2 24Q1 26Q2 24$13.60 bnQ3 24$1.80 bnQ4 24$4.62 bnQ1 25$10.90 bnQ2 25$10.09 bnQ3 25$13.79 bnQ4 25$11.19 bnQ1 26$10.44 bn
from investing−$4.31 bn+73.7%Q2 24Q1 26Q2 24−$7.45 bnQ3 24−$3.90 bnQ4 24$4.27 bnQ1 25−$16.40 bnQ2 25$49.36 bnQ3 25−$39.05 bnQ4 25−$38.39 bnQ1 26−$4.31 bn
from financing$174.0 m+228%Q2 24Q1 26Q2 24$854.0 mQ3 24−$3.07 bnQ4 24$1.65 bnQ1 25$53.0 mQ2 25−$1.17 bnQ3 25$835.0 mQ4 25$2.51 bnQ1 26$174.0 m
Cash flows, quarterly, 6 periods
 Q1 26Δ Q1 25Q4 25Q3 25Q2 25Q1 25Q4 24
$10.18 bn-+118%$19.20 bn-$30.80 bn-$12.37 bn-$4.67 bn-$19.75 bn-

The profit left for shareholders after absolutely every expense. At Berkshire Hathaway Inc, in Q1 26: $10.18 bn · Δ +118% (Q1 25).

$3.51 bn-+7.5%$3.55 bn-$3.33 bn-$3.33 bn-$3.27 bn-$3.28 bn-

The accounting wear on buildings and machinery. It lowers profit but takes no cash out. At Berkshire Hathaway Inc, in Q1 26: $3.51 bn · Δ +7.5% (Q1 25).

—-—-—-—-—-−$1.32 bn-

Shares given to employees instead of money. No cash cost, but it dilutes shareholders.

−$1.44 bn-+21.7%$1.89 bn-$4.93 bn-−$2.62 bn-−$1.84 bn-−$6.80 bn-

Money tied up in or released from inventory, receivables and payables. At Berkshire Hathaway Inc, in Q1 26: −$1.44 bn · Δ +21.7% (Q1 25).

of which: receivables—-$3.50 bn-−$1.70 bn-−$939.0 m-−$3.30 bn-$2.37 bn-
of which: inventory—-—-−$891.0 m-−$225.0 m-$103.0 m-$359.0 m-
Other non-cash items−$1.81 bn-−138%−$13.45 bn-−$25.27 bn-−$3.00 bn-$4.81 bn-−$11.61 bn-
$10.44 bn-−4.3%$11.19 bn-$13.79 bn-$10.09 bn-$10.90 bn-$4.62 bn-

The money the business actually produced, before investment. At Berkshire Hathaway Inc, in Q1 26: $10.44 bn · Δ −4.3% (Q1 25).

$4.99 bn-+16.5%$6.20 bn-$5.59 bn-$4.86 bn-$4.28 bn-$5.35 bn-

Money put into factories, machinery and equipment. At Berkshire Hathaway Inc, in Q1 26: $4.99 bn · Δ +16.5% (Q1 25).

$10.04 bn-+161%−$31.93 bn-—-$49.36 bn-−$16.40 bn-$4.27 bn-

Purchases and sales of financial holdings. At Berkshire Hathaway Inc, in Q1 26: $10.04 bn · Δ +161% (Q1 25).

Other investing flows−$4.09 bn-−2,127%$815.0 m-−$55.0 m-$195.0 m-$202.0 m-$210.0 m-
−$4.31 bn-+73.7%−$38.39 bn-−$39.05 bn-$49.36 bn-−$16.40 bn-$4.27 bn-

The balance of investing cash. Negative means the company is building. At Berkshire Hathaway Inc, in Q1 26: −$4.31 bn · Δ +73.7% (Q1 25).

−$235.0 m-$0-—-$0-$0-$2.92 bn-

Shares bought back from the market or issued. At Berkshire Hathaway Inc, in Q1 26: −$235.0 m.

$358.0 m-+82.7%$2.57 bn-—-−$555.0 m-$196.0 m-$2.29 bn-

Loans taken minus loans repaid. At Berkshire Hathaway Inc, in Q1 26: $358.0 m · Δ +82.7% (Q1 25).

Other financing flows−$196.0 m-−37.1%−$63.0 m-$24.0 m-−$611.0 m-−$143.0 m-−$3.56 bn-
$174.0 m-+228%$2.51 bn-$835.0 m-−$1.17 bn-$53.0 m-$1.65 bn-

The balance of financing cash: loans, dividends, buybacks. At Berkshire Hathaway Inc, in Q1 26: $174.0 m · Δ +228% (Q1 25).

$6.24 bn-+213%−$24.43 bn-−$24.18 bn-$58.31 bn-−$5.52 bn-$10.38 bn-

How much the cash in the bank rose or fell. At Berkshire Hathaway Inc, in Q1 26: $6.24 bn · Δ +213% (Q1 25).

$52.57 bn-+8.7%$76.31 bn-$100.49 bn-$42.18 bn-$48.38 bn-$37.99 bn-

Cash in the bank at the start of the period. At Berkshire Hathaway Inc, in Q1 26: $52.57 bn · Δ +8.7% (Q1 25).

$58.81 bn-+37.2%$51.88 bn-$76.31 bn-$100.49 bn-$42.86 bn-$48.38 bn-

Cash in the bank at the end of the period. At Berkshire Hathaway Inc, in Q1 26: $58.81 bn · Δ +37.2% (Q1 25).

$5.45 bn-−17.7%$4.99 bn-$8.20 bn-$5.23 bn-$6.62 bn-−$726.0 m-

The money left after the business paid for its investments. Dividends and debt repayment come from here. At Berkshire Hathaway Inc, in Q1 26: $5.45 bn · Δ −17.7% (Q1 25).

earnings and surprises

50%Beat rate

Beats more often than it misses

What analysts expect from Berkshire Hathaway Inc, further out

  • earnings per share estimated, fiscal year 2026 · 2 analysts20.39
  • earnings per share estimated, fiscal year 2027 · 3 analysts21.31

Berkshire Hathaway Inc beat history

last 8 quarters

Beat rateAverage reaction when it missesBeat rateAverage reaction when it missesBeat rateBeat rateAverage reaction when it missesAverage reaction when it misses

Of the last 8 quarterly reports from Berkshire Hathaway Inc, 4 came in above analyst estimates and 4 below. The average surprise is −1.12%, and the latest was −1.51%, with earnings per share of 5.26 against 5.34 expected.

Beat rate50%surprise trend: slowing
Average reaction when it beats+0.2%of 4 beats, the price rose 2 times
Average reaction when it misses−0.9%of 4 misses, the price rose 2 times

How the Berkshire Hathaway Inc share price reacted

The move in Berkshire Hathaway Inc shares on the day after each report. The middle line is zero.

reportresultnext day5 days
4 May 2026−−1.5%−0.64%5z +4.2%
28 February 2026−−14.0%−4.91%5z +3.6%
1 November 2025++9.8%−0.20%5z +4.5%
2 August 2025++0.20%5z −1.6%
2 May 2025−−5.4%+1.80%5z −4.8%
24 February 2025++4.11%5z +2.3%
2 November 2024−−7.5%+0.27%5z +2.5%
5 August 2024++11.9%−3.42%5z +4.0%

The pattern shows: of those 4 beats, the price rose 2 times. The market does not react to the result, but to the difference from what was already in the price.

How the price moves around the reportover the last 8 reports
+1.1%0.0%+3.2%−0.9%
15 days beforereport day15 days after
Before the report
  • 5d before−1.0%rose 12% of the time
  • 10d before−0.5%rose 38% of the time
  • 21d before+0.6%rose 38% of the time
  • 42d before−0.6%rose 50% of the time
After the report
  • next day−0.9%rose 50% of the time
  • 5d after+1.8%rose 75% of the time
  • 10d after+2.6%rose 75% of the time
  • 15d after+3.2%rose 75% of the time
60% of the move, before40% at the announcement and after

The move is already in the price Of everything that moves the price around the report, 60% happens before the announcement. By the time the news is public, it is already in the quote.

The pattern repeats in 50% of cases, on a sample of 8 quarters. It remains a small sample.

Everything is measured against the price on the report day, marked by the vertical line. Each half is the average of the trajectories from the quarters with enough price history, which is why the samples can differ.

What can go wrong

Risks & Resilience

Risks in Berkshire Hathaway Inc (BRK-B) stock: balance sheet strength, distance from financial distress, and behaviour in past crises. The low-risk score is 84.0 out of 100, in the upper end of the market.

84.0 · strongLow risk

debt and solvency

100.0credit health

Nothing to fault

A balance sheet is judged on two things: whether the company can pay its debts out of what it produces, and how far it is from not being able to pay them at all. For Berkshire Hathaway Inc, both answers are below.

Can it pay its debts?

Berkshire Hathaway Inc: Yes. The filings do not separate debt and interest, but the credit health score comes to 100.0 out of 100, at the upper end of the scale.

75100.0Credit health scoreComposite score summarising the firm's ability to carry its debt. Above 70 points to a solid balance sheet.
1.5317.27xInterest coverageHow many times operating profit covers the interest the company owes in a year. Above 3 is comfortable; below 1.5 means interest eats almost all the profit.
319.54Distance to default (Merton)How many standard deviations the firm value sits above its debt level. Above 3 is a comfortable margin.

How close is it to default?

Berkshire Hathaway Inc: The composite score cannot be computed from the available filings. The individual models below still hold, each with its own threshold.

Probability of default (Merton)Estimated chance the firm cannot service its debt over one year. Below 1% means negligible credit risk.

behaviour in a crisis

Held up welltwo crises measured

How Berkshire Hathaway Inc shares behaved when the market fell. Not a forecast, but what happened in the crises the company has already been through.

How much of the market's fall it takes on

how much of the market's fall reaches the stock

absorbs part of it53%Takes on only 53% of the market's falls

the market 100%the stock 53%
  • Fell more than averageHow well the company held up through economic contractions, against the rest of its sector.
  • Held up wellA composite score folding behaviour across every crisis measured, on a 0 to 100 scale.

What happened in past crises

how well it held up through the measured crises

77Held up very well

  • COVID-19 crash−29.6%2020 · far more resilient than its sector
  • 2022 bear market−26.6%2022 · above the sector median
  • Severe recession−22.2%A 2008-style economic contraction, with the market down about 40%
  • Interest rate shock−22.6%A sharp rise in interest rates
  • Market correction−11.1%A broad market decline of about 20%

Berkshire Hathaway Inc: It held up better than the sector average in the measured crises, with a defensive profile.

Maximum drawdown is measured from peak to trough, on the actual price of that period. The scenarios are estimates, computed from historical sensitivity to the market.

Berkshire Hathaway Inc (BRK-B) stock: biggest drops and how long the recovery took

The falls the price has been through, from a peak to the lowest point, and how long it took to recover.

Biggest drops since 2010

From a peak to the lowest point after it, how long the fall lasted and how long the recovery took.

  • Jan 2020 - Mar 2020-29.6%fell for 2 months, then took 8 months to get back to the peak
  • Mar 2022 - Oct 2022-26.6%fell for 7 months, then took 10 months to get back to the peak
  • Feb 2011 - Sep 2011-24.4%fell for 7 months, then took 12 months to get back to the peak

Measured on each day’s closing price, adjusted for splits, since 2010-01-04. Elsewhere on this page, drops are measured with dividends reinvested, which is why they can come out slightly smaller there.

What you get while you wait

Dividends and shareholder return

How much Berkshire Hathaway Inc pays in dividends, how secure it is, and what happens to the share count.

dividends

Pays no dividend

Berkshire Hathaway Inc has not paid a dividend in the period covered by the data.

shareholder return

-0.28%total return

0.00%from buybacks
-0.29%from new debt
-0.28%total return
  • 5Y allocation · buybacks23.22%

A negative total return means the company raised capital during the period, through borrowing or new shares, not that it took money from shareholders.

What you would have made

What has already happened, taken out of percentages and put into money.

What you would have made by investing in Berkshire Hathaway Inc (BRK-B) stock

$1,000 put in Berkshire Hathaway Inc stock 10 years ago, with dividends reinvested, would have grown to $3,531, a return of 13.44% a year. On the share price alone, without dividends, it would have been $3,412. Type your own amount and everything recalculates.

$
  • 3 years ago$1,493of which $493 is gain, at 14.29% a year
  • 5 years ago$1,757of which $757 is gain, at 11.93% a year
  • 10 years ago$3,531of which $2,531 is gain, at 13.44% a year

These figures have already happened and are not an estimate for what comes next. Dividends are reinvested in the same stock, and the amounts are in the currency the stock trades in, before tax and fees.

splits

1 events

Berkshire Hathaway Inc has had 1 share events over the period covered by the data.

dateratiotype
January 21, 201050:1split

Amounts in the dividend history are adjusted for these events so they can be compared with each other. The sum actually received on the day was different.

Who owns it and what they do with it

Holders and flow

Who stands behind Berkshire Hathaway Inc shares, what they buy and sell, and who bets against them.

institutional ownership

Berkshire Hathaway Inc has 67.27% of its shares held by institutional investors and 0.26% by internal holders.

Who holds how much

InstitutionsHow much of the stock is held by funds, banks and other professional investors.
Internal holdingsHow much is held by people and entities inside the company or close to it.

For companies outside US markets, the source does not publish the holder list. Only the percentages above remain.

congress

Over the past twelve months, members of the US Congress reported 6 purchases and 14 sales of Berkshire Hathaway Inc shares.

What lawmakers traded

6purchases, 12 months14sales, 12 months
distinct buying members4
  • Purchases, 6 months0
  • Sales, 6 months0
  • Distinct selling members, 12 months5
  • As of03/31/2026

Who traded

Who traded
datenameside
03/31/2026Tina Smithsell
03/30/2026Ro Khannasell
03/25/2026Gilbert Ray Cisneros, Jr.sell
03/23/2026Ro Khannasell
03/16/2026Gilbert Ray Cisneros, Jr.sell
03/16/2026Mark Alfordsell
03/13/2026August Pflugerbuy
02/24/2026Ro Khannabuy
02/17/2026Ro Khannasell
02/06/2026Ro Khannabuy
02/05/2026Ro Khannabuy
01/29/2026Ro Khannasell
01/27/2026Tina Smithsell
01/23/2026Ro Khannasell
01/06/2026Ro Khannasell
12/24/2025Gilbert Ray Cisneros, Jr.sell
11/19/2025Robert Bresnahan, Jr.sell
11/18/2025Gilbert Ray Cisneros, Jr.buy
11/12/2025Ro Khannasell
11/05/2025Richard McCormickbuy
See all transactions

The law requires reporting a value range, not the exact sum. That is why transactions are counted here rather than added up.

Transactions reported under the STOCK Act; informational.

short interest

Of Berkshire Hathaway Inc freely tradable shares, 0.01% are sold short.

How much is sold short

Of free floatHow much of the freely tradable stock is sold short.
Days to coverHow many normal trading days it would take for short positions to be closed.
Shares shortThe number of shares sold short at the latest report.
  • Of total shares0.01%
  • Squeeze riskLow
  • As of05/27/2026

Short positions are reported twice a month, so the figure is older than the price on this page.

indices and ETFs

Berkshire Hathaway Inc shares are held by 10 exchange-traded funds and belong to 1 indices.

Funds that hold it

Funds that hold it
fundsymbolweightassets
Financial Select Sector SPDRXLF.US11.87%$49.53B
Vanguard Value ETFVTV.US2.87%$179.59B
Vanguard S&P 500 ETFVOO.US1.41%$1.03T
Vanguard S&P 500 UCITSVUSA.LSE1.41%$42.99B
SPDR S&P 500 ETF TrustSPY.US1.40%$769.06B
iShares Core S&P 500 UCITSCSPX.LSE1.40%$146.69B
Vanguard Total Stock Market Index Fund ETF SharesVTI.US1.22%$653.54B
iShares Core MSCI World UCITSIWDA.LSE76.90%$101.7B
Vanguard FTSE Developed World UCITSVEVE.LSE72.66%$3.44B
Vanguard Total World Stock ETFVT.US68.00%$74.09B
See all funds

Indices it belongs to

  • S&P 5001.41%

The weight is how much the share counts inside that fund, not how much of the company the fund owns.

Where it stands against the rest

Context & Comparisons

A number on its own says nothing. Here Berkshire Hathaway Inc is placed next to its sector, its industry and the market, so every figure gets a position.

Position in sector

Financial Servicessector

Berkshire Hathaway Inc belongs to the Financial Services sector, in the Insurance - Diversified industry. Below, each indicator sits next to the sector and industry median.

Against sector and industry

indicatorcompanysector medianindustry medianposition
10.60%11.90%16.97%40
Return on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
6.10%1.23%1.54%75
Return on assetsHow much profit the company draws from the assets it owns. Above ~5% is solid, though it varies widely by industry.
5.67%6.84%13.87%42
Return on invested capitalProfit generated from all capital employed — equity and debt alike. Above the cost of capital (WACC) means value is created. Above 15% is very good.
19.31%19.61%7.82%49
Net margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.
14.41x11.83x14.42x36
Price / earnings (trailing 12 months)How many years of current profit you pay for one share. Judged against sector and growth rate, never in isolation.
2.78x1.97x0.98x-
Price / sales (trailing 12 months)How many times annual sales you pay for a share. Useful for companies without profit; judged against the sector, not in absolute terms.
8.63%11.21%4.36%38
Revenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
11.79%14.03%12.45%46
Earnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
2.29%7.64%10.60%34
Free cash flow yieldHow much free cash the company produces relative to its market value. Above ~5% is attractive; below 2% is expensive.

Position is the percentile within the sector: 100 is the best value among the companies compared, 0 the weakest. The direction is already inverted where lower is better, as with debt or price/earnings.

Against the market

periodBRK-BSPYdifference
1M2.13%-0.08%+2.21%
3M0.73%12.30%−11.57%
6M-5.39%8.49%−13.88%
1Y-4.45%24.76%−29.21%
3Y51.06%80.71%−29.65%
5Y66.94%88.11%−21.17%

Returns are cumulative over the period shown, not annualised. The difference is how much the company returned above or below the benchmark.

Transparency · MAR

Comparable companies

6comparable

Companies with a profile close to Berkshire Hathaway Inc, chosen by how they move and what kind of stock they are - not by what they make.

The 6 closest

symbolcompanysimilarityscore
BRK-A.USBerkshire Hathaway IncFinancial Services97.4%38.1
XOM.USExxon Mobil CorpEnergy93.6%48.2
HD.USThe Home Depot IncConsumer Cyclical92.0%37.7
RTX.USRTX CorporationIndustrials91.7%52.5
CVX.USChevron CorpEnergy90.8%49.3
ABBV.USAbbVie IncHealthcare90.7%39.5

Similarity is computed from exposure to the same style factors, not from the line of business. That is why companies from other sectors can appear in the list. It is not a recommendation and not a list of alternatives.

Direct competitors

symbolcompanycountryscore
BRK-A.USBerkshire Hathaway IncUS38.1
ALIZY.USAllianz SE ADRUS55.9
Allianz SE VNA O.N.ALV.XETRAAllianz SE VNA O.N.DE55.6
ZURVY.USZurich Insurance Group LtdUS51.5
AXAHY.USAxa SA ADRUS58.3
TRYG.COTryg A/SDK13.8

Competitors from the same industry, Insurance - Diversified. The list is ordered by company size, but the figure is not shown: it comes in each market’s own currency, so the values are not comparable.

How the price moves

Market & Momentum

So far this has been about the company. From here on it is about the share: how much it swings, how deep it fell, and whether the move was worth the risk.

Volatility and risk

14.63%one-year volatility

How choppy Berkshire Hathaway Inc has been, and how deep its falls have gone.

How much it swings

0.74calmer than the marketBetaHow strongly the share moves when the market moves. Below 1 is calmer than the market; above 1 amplifies its moves.
0.65Downside betaHow much the share moves against the market, measured ONLY on days the market falls. Lower than ordinary beta = falls less than it rises. Higher = amplifies the falls.
0.14Beta over the last yearThe same market sensitivity, but computed on the last twelve months only. Compared with long-term beta, it shows whether the share has turned choppier lately.
0.61Raw betaHow much the share moves against the market, without the usual statistical adjustment. Above 1 = moves more than the market. This is the unsmoothed figure; adjusted beta is steadier.
market
Annualised volatility (1 year)How much the price swings over a year, as a standard deviation. Lower means a smoother ride, not necessarily a higher return.
Annualised volatility (3 years)How widely the price swings in a year, measured over the last three. Below 20% is calm; above 40% takes a strong stomach.

How deep it fell

−29.57%Maximum drawdownThe largest peak-to-trough fall over the period analysed. Smaller is easier to sit through.
−10.40%Current drawdownHow far today’s price sits below the highest peak reached. Zero means it is at the peak. The deeper it is, the more there is to recover.
−5.46%Distance from the 52-week highHow far the price sits below its highest level of the past 52 weeks. Near zero = at the high. Deeply negative = it has given up a lot from the peak.
17.75%Likely worst-case drawdownHow deep the fall could be in the worst 5% of scenarios. Lower is better. It is a statistical estimate, not a guaranteed floor.
Ulcer index (1 year)How deep and how long the falls of the past year were, in a single figure. Lower is better: it measures discomfort, not just swing.
Ulcer index (3 years)How deep and how long the falls below previous peaks have been. Low means few long stretches spent below the peak.
Days to recoverHow many days the price needed to return to its peak after the largest fall. Fewer is better. Hundreds of days means patience was tested.

Volatility and beta are computed from daily prices over the last year and the last three. They measure the past; they are not forecasts.

The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Return against risk

−0.61one-year Sharpe

The same gain earned with wide or narrow swings is not worth the same. The figures below divide the return by the risk it was earned with.

How much return for each unit of risk

−0.610.62the risk went unpaidSharpe ratioReturn above the risk-free rate for each unit of volatility. Above 1 is good; above 2 is remarkable.
−0.810.88the risk went unpaidSortino ratioLike Sharpe, but only penalising downward swings, not upward ones. Above 1.5 means good return relative to downside risk.
0.901.11the risk went unpaidOmega ratioThe ratio of gains to losses over the past year, weighted by their size. Above 1 means the good side weighed more than the bad.
0
Total return, 12 monthsGain over the past year, with dividends reinvested. Compared with the benchmark index, not in isolation.
Calmar ratioAnnual return divided by the largest drawdown suffered. Above 0.5 is decent. It says how much return you got for each unit of pain.
Treynor ratio (1 year)Return above the risk-free rate divided by beta - against market risk, not total swing. Higher is better. Useful when the share is held in a portfolio rather than alone.

All of them measure gain against some form of risk: Sharpe against total swing, Sortino against downward swing only, Calmar against the deepest fall, Treynor against market risk. Above 1 is generally good, but these compare between companies, not in absolute terms.

The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Trend and oscillators

53.2014-day RSI

Where the Berkshire Hathaway Inc share price sits against its moving averages, and how stretched the recent move is.

Against the averages

50-day moving averageThe average price over the last fifty trading sessions. It is the short-term reference: price above it means a recent upward trend.
200-day moving averageThe average price over the last two hundred sessions. It is the long-term reference, the most watched line in technical analysis.
noAbove the 200-day averageWhether today’s price is above or below the long-term average. Above is read as a structural uptrend; below, a downtrend.
noShort average above the long oneWhether the 50-day average is above the 200-day. When the short crosses above the long it is called a golden cross; the reverse, a death cross.
downMoving-average crossover stateWhich average is on top, expressed as +1 or −1. +1 = short above long; −1 = the reverse.
upParabolic SAR directionThe direction signal given by the Parabolic SAR indicator. +1 = uptrend; −1 = downtrend.

Oscillators

307053.20no signalRelative strength index (RSI 14)How fast the price rose or fell over the last fourteen days, on a scale from 0 to 100. Below 30 is considered oversold, above 70 overbought. In between, no signal.
-10010066.38in the channelCommodity channel index (CCI 20)How far the price is from its twenty-day average, measured in typical deviations. Between −100 and +100 is normal; outside that, an unusual move against the recent pattern.
010.62in the bandPosition in the Bollinger bandWhere the price sits between the lower band (0) and the upper band (1) of the volatility channel. Below 0 or above 1 means the price has left the channel - rare, and usually brief.
202517.52no trendTrend strength (ADX 14)How clear the price direction is, whether it rises or falls. Above 25 = a clear trend; below 20 = it moves sideways.
MACD lineThe gap between the 12-day and the 26-day exponential average - how fast direction is changing. Above the signal and rising means upward momentum.
MACD signalThe nine-day average of the MACD line. It is the threshold the line is read against. It is not judged on its own: what matters is whether the line is above or below it.
MACD histogramThe gap between the MACD line and its signal - how fast momentum is changing. Positive and rising = upward momentum; negative = downward momentum.
On-balance volume slope (50 days)Where cumulative volume is heading over the last fifty sessions. Positive means more is being accumulated than distributed.

The thresholds marked on the scales are the usual ones in technical analysis: 30 and 70 for RSI, ±100 for CCI, 0 and 1 for the Bollinger band, 20 and 25 for trend strength. They are widely used conventions, not rules.

The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Who it suits

4/22checks passed

Each row below is a way of investing. The more checks Berkshire Hathaway Inc passes on one, the better it suits that way - there is no “correct” row.

StrongestFinancial health
WeakestQuality
  • not applicableUpside to fair valueHow much room there is between today’s price and the value computed from discounted cash flows. Positive means the model sees the share below its value.
  • failedPrice / earnings (trailing 12 months)How many years of current profit you pay for one share. Judged against sector and growth rate, never in isolation.
  • failedPrice / sales (trailing 12 months)How many times annual sales you pay for a share. Useful for companies without profit; judged against the sector, not in absolute terms.
  • passedMargin of safetyHow far the market price sits below our fair-value estimate. Positive and wide means buying below value. Negative means paying above it.
  • failedReturn on capital above its costWhether the return on invested capital exceeds the weighted average cost of capital. Above the cost of capital the company creates value; below, it destroys it.
  • failedReturn on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
  • failedNet margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.
  • failedCompetitive moatHow well defended the company’s position is against competitors. A wide moat means profit is harder to erode.
  • failedPiotroski F-scoreNine balance-sheet and profitability checks, one point for each one passed. Above 7 out of 9 is considered solid; below 3, weak.
  • passedWarning flagsThe number of forensic flags raised by the reporting-quality models. Zero is what you want to see.
  • passedCredit health scoreComposite score summarising the firm's ability to carry its debt. Above 70 points to a solid balance sheet.
  • passedProbability of default (Merton)Estimated chance the firm cannot service its debt over one year. Below 1% means negligible credit risk.
  • failedBehaviour in recessionHow the share behaved through recent economic contractions. A smaller fall than the market shows resilience.
  • failedEarnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
  • failedRevenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
  • failedRule of 40Revenue growth added to the profitability margin. Above 40 means a good balance between growth and profitability.
  • failedAnalyst revisionsWhich way analysts have moved their estimates lately. Upward means expectations are rising.
  • not applicablePayout ratioHow much of the profit is paid out as dividend. Below 60% leaves room to grow; above 100% means the dividend exceeds the profit.
  • failedTotal shareholder yieldDividends, buybacks and debt reduction taken together. The full picture of money returned to shareholders.
  • failedBeats, last yearHow many times over the last year the result came in above estimates. More beats suggest cautious estimates or good execution.
  • failedBeats, three yearsHow many times over the last three years the result came in above estimates. More beats suggest cautious estimates or good execution.
  • failedBeats, five yearsHow many times over the last five years the result came in above estimates. More beats suggest cautious estimates or good execution.
  • failedPrice momentumThe direction and strength of the recent price move. Positive means the recent trend is upward.
  • failedSharpe ratio (1 year)Return above the risk-free rate for each unit of volatility. Above 1 is good; above 2 is remarkable.

A failed check is not a flaw in itself: a growth company fails almost everything to do with value, and that is normal. What matters is the pattern, where it passes and where it fails, not the count on its own.

Transparency · MAR

Key figuresIndicatorsPros and consVerdict
AnalystsFair valueProjections
ProfitabilityGrowthEarnings qualityCapital efficiencyFinancial statementsEarnings reports
Debt and solvencyBehaviour in crisesBiggest drops
DividendsShareholder yieldWhat you would have madeSplits
Institutional holdingsCongressShort interestIndices and ETFs
Position in sectorComparable companiesWho it suits
Volatility and riskRisk-adjusted returnTrend and oscillators