BRK/A

Berkshire Hathaway
D

BRK/A Arincen59/100Beta

If you had invested in Berkshire Hathaway ago, it would be worth $3,885 today, against $4,231 in SPY and $6,446 in QQQ.

ArincenArincen ScoreBeta

59/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6
  • ✓Net margin above 10%18.0%
  • ✓Operating margin at or above its 5-year median15.9%

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash6
  • ✓Free cash flow positive in each of the last 5 years
  • ✗Free cash flow above 10% of revenue6.7%

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation3.3
  • –P/E at or below its 5-year medianNo data
  • –Not paying more for growth than usual (PEG)No data

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8
  • ✓Revenue grew more than 5% a year over 5 years8.6%
  • ✓EPS grew more than 7% a year over 5 years11.8%

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6
  • ✓Debt under 2 times EBITDA1.92 times
  • ✗Debt payable from 3 years of free cash flow or less5.5 years

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders—
  • ✓Fewer shares than 5 years ago-9.8%
  • –Dividend raised in the last yearNo data

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Berkshire Hathaway key facts

Market capitalization
1.20T USD
P/E
14.06
EPS
59,656.00
Volume
38
Style
Blend stock · 5.3/10Growth 3.5 · Value 5.3
Employees
388K
CEO
Gregory Edward Abel
IPO date
17 Mar 1980
Sector
Financial Services
Industry
Insurance - Diversified

Berkshire Hathaway earnings

Next earnings · Q3 FY2026
EPS estimate
8,821.84 USD
Revenue estimate
100.96B USD
Last quarter · Q2 FY2026
EPS9,030.34Beat +19.6%Revenue101.81BBeat +5.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20268,821.84——-5.94%100.96B——+6.30%
Q2 FY20267,553.169,030.34+19.56%+16.52%96.52B101.81B+5.48%+10.04%
Q1 FY20267,611.357,878.30+3.51%+17.68%92.91B93.68B+0.82%+3.86%
Q4 FY20258,259.237,089.43-14.16%-29.89%96.98B100.67B+3.81%+6.06%
Q3 FY20258,573.509,378.93+9.39%+33.55%95.62B94.97B-0.68%+144.38%
Q2 FY20257,508.107,749.81+3.22%-3.99%91.96B92.52B+0.60%-1.22%
Q1 FY20257,076.906,694.59-5.40%-14.13%90.83B90.19B-0.70%+0.36%

Berkshire Hathaway analyst forecast

12-month price target
942,405.00 USD
+12.33%

Analysts' 1-year price targets range from 942,405.00 to 942,405.00, with an average of 942,405.00.

Past year
1-year forecast
Strong sellStrong buy
Hold
2 ratings
Strong buy
0
Buy
1
Hold
0
Sell
1
Strong sell
0

12-month price target

Highest target942,405.00
Average target942,405.00
Lowest target942,405.00
Current price838,990.00

Berkshire Hathaway valuation

Price to earnings ratio (TTM)
14.06
Forward P/E (FY2026)
25.04
Price to sales (TTM)
3.11
Price to book
1.60
EV / EBITDA (TTM)
12.56

Capital structure

Market capitalization
1.20T USD
+
Total debt
129.37B USD
−
Cash and short-term investments
365.51B USD
=
Enterprise value
961.21B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2027 (est.)25.06————
FY2026 (est.)25.0425.06———
Now (TTM)14.0625.063.111.6012.56
FY202516.21—2.921.5116.20
FY202411.00—2.641.5114.69
FY20238.17—2.161.4014.55
FY2022-30.25—2.281.4514.87
FY20217.57—2.461.3415.56

Berkshire Hathaway against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Berkshire Hathaway, Berkshire Hathaway, JPMorgan Chase &, Visa, Mastercard, and Bank of America, the US Financial Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years23.6%
    19.5%23.6%
    Against its peers: 5 of 7Peers' median 58.0%
  • Operating marginAbove its median15.9%
    12.7%16.0%
    Against its peers: 5 of 7Peers' median 22.8%
  • Net marginBelow its median18.0%
    -7.5%32.6%
    Against its peers: 4 of 7Peers' median 19.2%
  • Return on equityBelow its median9.3%
    -4.8%17.8%
    Against its peers: 5 of 7Peers' median 12.9%
  • Free cash flow marginBelow its median6.7%
    3.1%9.5%
    Against its peers: 3 of 7Peers' median 6.7%
  • Revenue growthLowest in 5 years0.0%
    0.0%20.7%
    Against its peers: 4 of 7Peers' median 1.7%
  • EPS growthBelow its median-24.8%
    -126.0%123.3%
    Against its peers: 5 of 7Peers' median 10.0%
  • Debt to EBITDABelow its median1.92×
    1.81×2.61×
    Against its peers: 3 of 7Peers' median 1.92×
  • Current ratioHighest in 5 years6.75
    4.556.75
    Against its peers: 1 of 7Peers' median 1.00

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Berkshire Hathaway growth and profitability

Revenue (TTM)
384.69B USD
Net income (TTM)
85.77B USD
Gross margin
23.52%
Operating margin
16.25%
Net margin
22.30%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY2025371.44B+0.00%66.97B-24.75%23.63%15.85%18.03%72.36B+0.09%
FY2024371.43B+1.91%89.00B-7.51%23.31%16.00%23.96%72.29B+19.27%
FY2023364.48B+20.68%96.22B—19.46%13.20%26.40%60.61B+15.48%
FY2022302.02B+9.39%-22.76B-125.31%19.67%13.77%-7.54%52.49B+14.75%
FY2021276.09B+12.46%89.94B+111.51%19.98%12.68%32.57%45.74B+12.74%

Berkshire Hathaway revenue breakdown

By product

FY2025
Berkshire Hathaway Insurance Group: 28.3%Manufacturing Businesses: 21.3%Mc Lane Company: 13.8%Service And Retailing Businesses: 11.6%Pilot Travel Centers ("Pilot): 11.5%Berkshire Hathaway Energy Company: 7.1%Burlington Northern Santa Fe Corporation: 6.4%28.3%Berkshire Hathaway Insurance Group21.3%Manufacturing Businesses13.8%Mc Lane Company11.6%Service And Retailing Businesses11.5%Pilot Travel Centers ("Pilot)7.1%Berkshire Hathaway Energy Company6.4%Burlington Northern Santa Fe Corporation
SegmentRevenueShare of revenueChange on the year
Berkshire Hathaway Insurance Group104.21B28.3%-0.8%
Manufacturing Businesses78.49B21.3%+1.6%
Mc Lane Company51.00B13.8%-1.8%
Service And Retailing Businesses42.65B11.6%+7.0%
Pilot Travel Centers ("Pilot)42.20B11.5%-10.0%
Berkshire Hathaway Energy Company26.30B7.1%-0.2%
Burlington Northern Santa Fe Corporation23.53B6.4%-0.2%

By region

FY2013
100.0%Mid American
RegionRevenueShare of revenueChange on the year
Mid American12.74B100.0%—

How Berkshire Hathaway makes its money

Berkshire Hathaway Insurance Group104.21B 28.1%
Manufacturing Businesses78.49B 21.1%
Mc Lane Company51.00B 13.7%
Service And Retailing Businesses42.65B 11.5%
Pilot Travel Centers ("Pilot)42.20B 11.4%
Berkshire Hathaway Energy Company26.30B 7.1%
Burlington Northern Santa Fe Corporation23.53B 6.3%
Revenue371.44B 100.0%
Cost of revenue283.67B 76.4%
Gross profit87.78B 23.6%
Selling and administration28.90B 7.8%
Operating income58.88B 15.9%
Tax15.20B 4.1%
Net income66.97B 18.0%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Berkshire Hathaway financial health

Cash and short-term investments
365.51B USD
Total debt
129.37B USD
Net cash
236.14B USD
Free cash flow (TTM)
24.22B USD
Current ratio
7.29
Debt to equity
0.17
Piotroski score
4 / 9
Altman Z-score
3.14

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025373.31B138.95B25.04B
FY2024334.20B130.76B11.62B
FY2023167.64B133.57B29.79B
FY2022128.59B127.68B21.76B
FY2021146.72B119.25B26.15B

Berkshire Hathaway ownership

Institutions
21.41%
Institutional holders
1,426 (-5)
Free float
86.45%
InstitutionsOthers
As of 30 Jun 2026

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026000.0019.00
Q3 20265112.00M12.05M
Q2 20262038.04K38.05K
Q1 202618021.0024.00

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.44M1.44M0.00%
FY20241.44M1.44M-0.76%
FY20231.45M1.45M-1.36%
FY20221.47M1.47M-2.72%
FY20211.51M1.51M-5.27%

Source: Financial Modeling Prep

Related Instruments

Title: Berkshire Hathaway

Sector: Financial Services
Industry: Insurance - Diversified
Berkshire Hathaway Inc. is an American multinational holding company based in Omaha, Nebraska. It functions as a diversified conglomerate whose subsidiaries participate in many industries, including insurance, freight rail transportation, energy generation and distribution, miscellaneous services, manufacturing and retail. The company is synonymous with celebrity investor Warren Buffett, who serves as chairman and chief executive. Berkshire Hathaway started its business strategy on long-term investments in publicly traded companies, but of late has pivoted to full ownership of selected companies. Notable brands under the full control of Berkshire Hathaway include GEICO, Duracell, Dairy Queen, BNSF Railway, Lubrizol and Fruit of the Loom. Berkshire also has appreciable minority ownership in such public companies as Kraft Heinz, American Express, Bank of America, The Coca-Cola Company, and Apple Inc. Further, the company holds a large portfolio of equity securities and derivatives, which heavily contribute to its financial performance.

Common questions about Berkshire Hathaway stock

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