Berkshire Hathaway Inc. logo

Berkshire Hathaway Inc.

BRK-B

NYSEFinancial ServicesInsurance - Diversified

Previous close

$495.82

−$1.04 · -0.21%

Aug 21, 4:00 PM ET

BRK-B company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

74

Undervalued

Momentum

43

Neutral

Sentiment

50

Mixed

Risk resilience

90

Low Risk

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Company profile

Company website

Berkshire Hathaway Inc., established in 1998 and headquartered in Omaha, Nebraska, operates as a vast global conglomerate with diverse business interests. Its core operations primarily encompass insurance, freight rail transportation, and utility services. The company provides a comprehensive suite of insurance and reinsurance products, including coverage for property, casualty, life, accident, and health. Across North America, it manages extensive railway networks dedicated to freight transport. Its utility division is responsible for generating, transmitting, storing, and distributing electricity sourced from various origins such as natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal energy. This segment also oversees natural gas infrastructure, including distribution networks, storage facilities, interstate pipelines, and liquefied natural gas (LNG) operations, alongside its interests in coal mining. Beyond these foundational sectors, Berkshire Hathaway boasts a significant manufacturing footprint. It produces a wide array of goods ranging from confectionery and specialty chemicals to metal cutting tools and components for both aerospace and power generation applications. Its manufacturing portfolio also extends to flooring products, insulation, roofing materials, engineered building components, paints, coatings, and bricks. The company is also involved in residential construction, offering both manufactured and site-built homes, supplemented by related lending and financial services. Its product offerings further include recreational vehicles, apparel, footwear, jewelry, custom picture framing, and alkaline batteries. On the industrial side, it manufactures specialized components like castings, forgings, fasteners, aerostructures, and precision parts, often utilizing advanced alloys such as cobalt, nickel, and titanium. Additionally, Berkshire Hathaway provides a variety of services, which include distributing electronic components, franchising and servicing quick-service restaurants, offering logistics, grocery, and foodservice distribution, as well as professional aviation training and shared aircraft ownership programs. Finally, the company maintains a substantial retail presence, selling an extensive selection of products such as automobiles, furniture, home appliances, electronics, computers, jewelry, and kitchenware, in addition to motorcycle clothing and equipment.

Industry
Insurance - Diversified
Sector
Financial Services
Headquarters
US
CEO
Gregory Edward Abel
Listed since
May 9, 1996
Employees
387,815

Market position

Day range

Current $495.82

52-week range

Current $495.82

Open
$498.5
Previous close
$496.86
Volume
4.62M
0.95× average
Average volume
4.87M
Average daily volume
Market cap
1.07T USD
Beta
0.62
Market reference 1
50-day average
$500.39
-0.91% below average
200-day average
$492.12
+0.75% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.17T USD
P/E (TTM)
12.47×
P/B (TTM)
1.42×
P/S (TTM)
2.78×
EV / EBITDA
16.19×
Earnings yield
6.18%
Free cash flow yield
2.31%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
23.52%
Operating margin
16.25%
Net margin
22.30%
Return on equity
9.33%
Return on assets
5.48%
Return on invested capital
4.12%

Financial health

Debt / equity
0.17×
Current ratio
6.75×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends37%21%4%-12%Gross margin, FY2021: 19.98%Gross margin, FY2022: 19.67%Gross margin, FY2023: 19.46%Gross margin, FY2024: 23.31%Gross margin, FY2025: 23.63%Operating margin, FY2021: 12.68%Operating margin, FY2022: 13.77%Operating margin, FY2023: 13.20%Operating margin, FY2024: 16.00%Operating margin, FY2025: 15.85%Net margin, FY2021: 32.57%Net margin, FY2022: -7.54%Net margin, FY2023: 26.40%Net margin, FY2024: 23.96%Net margin, FY2025: 18.03%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.98%. Gross margin FY2022 19.67%. Gross margin FY2023 19.46%. Gross margin FY2024 23.31%. Gross margin FY2025 23.63%. Operating margin FY2021 12.68%. Operating margin FY2022 13.77%. Operating margin FY2023 13.20%. Operating margin FY2024 16.00%. Operating margin FY2025 15.85%. Net margin FY2021 32.57%. Net margin FY2022 -7.54%. Net margin FY2023 26.40%. Net margin FY2024 23.96%. Net margin FY2025 18.03%.

Income trends

Revenue

371.44B USD+0.00%

Operating income

58.88B USD-0.94%

Net income

66.97B USD-24.75%
Income trends across reported periods410.86B USD253.18B USD95.5B USD−62.18B USDRevenue, FY2021: 276.09B USDRevenue, FY2022: 302.02B USDRevenue, FY2023: 364.48B USDRevenue, FY2024: 371.43B USDRevenue, FY2025: 371.44B USDOperating income, FY2021: 35.02B USDOperating income, FY2022: 41.59B USDOperating income, FY2023: 48.12B USDOperating income, FY2024: 59.44B USDOperating income, FY2025: 58.88B USDNet income, FY2021: 89.94B USDNet income, FY2022: −22.76B USDNet income, FY2023: 96.22B USDNet income, FY2024: 89B USDNet income, FY2025: 66.97B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 276.09B USD. Revenue FY2022 302.02B USD. Revenue FY2023 364.48B USD. Revenue FY2024 371.43B USD. Revenue FY2025 371.44B USD. Operating income FY2021 35.02B USD. Operating income FY2022 41.59B USD. Operating income FY2023 48.12B USD. Operating income FY2024 59.44B USD. Operating income FY2025 58.88B USD. Net income FY2021 89.94B USD. Net income FY2022 −22.76B USD. Net income FY2023 96.22B USD. Net income FY2024 89B USD. Net income FY2025 66.97B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue371.44B USD371.43B USD364.48B USD302.02B USD276.09B USD
Cost of goods sold283.67B USD284.86B USD293.54B USD242.63B USD220.93B USD
Gross profit87.78B USD86.58B USD70.95B USD59.39B USD55.16B USD
Selling, general, and administrative28.9B USD27.14B USD22.82B USD17.81B USD20.14B USD
Operating expenses28.9B USD27.14B USD22.82B USD17.81B USD20.14B USD
Interest income23.26B USD15.76B USD10.26B USD7.47B USD
Interest expense5.07B USD5.2B USD5B USD4.35B USD4.17B USD
Depreciation and amortization13.48B USD12.86B USD12.49B USD10.9B USD10.72B USD
Operating income58.88B USD59.44B USD48.12B USD41.59B USD35.02B USD
Net income66.97B USD89B USD96.22B USD−22.76B USD89.94B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+10.33%
11 comparable reports
Latest EPS result
6.02
Estimate 5.13 · Beat by 17.35%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates75.984.973.95Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 6.73, estimate 4.22, surprise +59.48%, Beat. Q2 2025, reported May 2, 2025: actual 4.47, estimate 4.63, surprise -3.46%, Miss. Q3 2025, reported Aug 1, 2025: actual 5.73, estimate 5.04, surprise +13.69%, Beat. Q4 2025, reported Nov 3, 2025: actual 6.26, estimate 5.72, surprise +9.44%, Beat. Q1 2026, reported Mar 2, 2026: actual 4.73, estimate 5.51, surprise -14.16%, Miss. Q2 2026, reported May 2, 2026: actual 5.25, estimate 5.08, surprise +3.35%, Beat. Q3 2026, reported Aug 8, 2026: actual 6.02, estimate 5.13, surprise +17.35%, Beat. Q4 2026, reported Nov 7, 2026: actual —, estimate 5.6, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates105.88B96.43B86.97B77.52BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 101.47B USD, estimate 89.86B USD, surprise +12.92%, Beat. Q2 2025, reported May 2, 2025: actual 83.29B USD, estimate 81.59B USD, surprise +2.08%, Beat. Q3 2025, reported Aug 1, 2025: actual 98.88B USD, estimate 82.22B USD, surprise +20.26%, Beat. Q4 2025, reported Nov 3, 2025: actual 94.97B USD, estimate 95.62B USD, surprise -0.68%, Miss. Q1 2026, reported Mar 2, 2026: actual 100.67B USD, estimate 96.98B USD, surprise +3.81%, Beat. Q2 2026, reported May 2, 2026: actual 93.68B USD, estimate 92.91B USD, surprise +0.82%, Beat. Q3 2026, reported Aug 8, 2026: actual 101.81B USD, estimate 96.52B USD, surprise +5.48%, Beat. Q4 2026, reported Nov 7, 2026: actual —, estimate 100.93B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$465.5

6.12% downside
Past 12 months12-month forecastHigh $481Average $465.5Low $450

Corporate actions

Corporate action history

Stock split

Effective Jan 21, 2010

50:1

BRK-B peers

ETFs holding BRK-B

Funds reporting this stock among their holdings, ordered by reported position size.

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