COVERAGE / BRK-B / Financials

BERKSHIRE HATHAWAY INC

Fire, Marine & Casualty Insurance

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS2

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$247.24bn

Prior / $249.71bn

Change / -0.99%

SOURCE / 2026-03-02

Operating income

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Net income

$66.97bn

Prior / $89bn

Change / -24.75%

SOURCE / 2026-03-02

Diluted EPS

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Free cash flow

$25.04bn

Prior / $11.62bn

Change / +115.58%

SOURCE / 2026-03-02

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Return on avg. equity

9.80%

Prior / 14.70%

Change / -4.90 pp

SOURCE / 2026-03-02

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 247244000000,
    "accn": "0001193125-26-083899",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 66968000000,
    "accn": "0001193125-26-083899",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 45969000000,
    "accn": "0001193125-26-083899",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 20927000000,
    "accn": "0001193125-26-083899",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 1222176000000,
    "accn": "0001193125-26-083899",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 502473000000,
    "accn": "0001193125-26-083899",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 717419000000,
    "accn": "0001193125-26-083899",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$247.24bn	$66.97bn	$25.04bn	Not available
2024-12-31	$249.71bn	$89bn	$11.62bn	Not available
2023-12-31	$254.91bn	$96.22bn	$29.79bn	Not available
2022-12-31	$207.77bn	$-22.76bn	$21.89bn	Not available

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	Unavailable	Unavailable	18.76x	10
P/S	Unavailable	Unavailable	3.26x	2
P/B	Unavailable	Unavailable	5.21x	2
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	10.65%	2

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 509.2,
  "tradingDate": "2026-09-17",
  "marketCap": null,
  "source": "Yahoo Finance completed daily-bar snapshot; not live"
}

Company & operating context

BERKSHIRE HATHAWAY INC is an SEC-reporting issuer listed on NYSE under BRK-B. Its SEC industry description is Fire, Marine & Casualty Insurance. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Banks, insurers, exchanges and asset managers earn income through different balance-sheet and fee models. Conventional industrial cash-flow ratios may not be economically comparable.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-03-02PERIOD / 2025-12-31

BRK-B filed this 10-K on 2026-03-02 for the reported period 2025-12-31. Reading focus: Net interest income, credit provisions, fee income, underwriting results and capital adequacy. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0029BRK-BEarnings Review

BRK-B: the annual earnings and cash-flow comparison ↗

BERKSHIRE HATHAWAY INC

Research abstract

A two-period review of BRK-B revenue, profitability and cash conversion; reported revenue growth was -0.99%.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

HR-0030BRK-BCompany Research

BRK-B: reading the FY2025 financial structure ↗

BERKSHIRE HATHAWAY INC

Research abstract

Annual revenue of USD 247.244 billion and net income of USD 66.968 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Credit losses, deposit pricing, reserve assumptions, market liquidity and regulatory capital.

Net interest income, credit provisions, fee income, underwriting results and capital adequacy.

FINANCIALS SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-03-02
SEC annual filing · 2024-12-31 ↗Source date 2026-03-02
SEC annual filing · 2023-12-31 ↗Source date 2026-03-02
SEC annual filing · 2022-12-31 ↗Source date 2025-02-24
SEC issuer record ↗Source date 2026-09-18