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Berkshire Hathaway logo
BRK.B.NYSE
Berkshire Hathaway
Financials · Diversified Financial Services
Warren Buffett's multinational conglomerate holding company with diverse investments in insurance, railroads, utilities, and manufacturing.MoreShow less
HQ: United StatesListed: United States

Profile & Fundamentals

Berkshire Hathaway (BRK.B.NYSE) Profile & Fundamentals

Review Berkshire Hathaway reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.

Interactive annual chartsAI financial reviewsReported source tables
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Profile & Fundamentals contents

Company and Market Context

Berkshire Hathaway: Company Profile & Ownership

Berkshire Hathaway Inc., together with its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses. The company provides property, casualty, life, accident, and health insurance and reinsurance; operates railroad systems in North America; generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets. It manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; prefabricated and site-built residential homes, flooring products; insulation, roofing, and engineered products; building and engineered components; paints and coatings; and bricks and masonry products, as well as offers manufactured and site-built home construction, and related lending and financial services. In addition, the company provides recreational vehicles, apparel, footwear, toys, jewelry, custom picture framing products, alkaline batteries, logistics services, and professional aviation training and shared aircraft ownership programs; castings, forgings, fasteners/fastener systems, aerostructures, and precision components; and cobalt, nickel, and titanium alloys. Further, it distributes televisions and information, and grocery and non-food consumer products; franchises and services quick service restaurants; and distributes electronic components. Additionally, it retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and floor coverings; watches, home decor and repair services; sells kitchenware; and motorcycle clothing and equipment. The company was incorporated in 1998 and is headquartered in Omaha, Nebraska.

BRK.B.NYSE

Company profile record

Berkshire Hathaway Inc

Common Stock · Financials · Diversified Financial Services

Official website

Company

Company / asset
Berkshire Hathaway Inc
Security type
Common Stock
Sector
Financials
Industry
Diversified Financial Services
HQ
🇺🇸 United States
Head office
3555 Farnam Street, Omaha, NE, United States, 68131

Leadership & scale

Chief executive
Mr. Gregory Edward Abel
CEO year born
1962
Full-time employees
387.8K
Fiscal year end
December
IPO date
1996-05-09

Fundamentals snapshot

Updated 2026-11-08
Market Cap
USD 827.7M
P/E
0.0x
Revenue (Q3 26)
USD 6.3B
Profit (Q3 26)
USD -5.5B
Dividend Yield
--
Revenue (FY 25)
USD 371.4B
Shares in public float
1.2B
Insider ownership
0.27%

Reporting & identifiers

Symbol
BRK.B.NYSE
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US0846707026
Asset ID
equity_628f5fe4-f60d-5d5d-bd82-f21429c69b5c

Berkshire Hathaway: Ownership

Shares Outstanding

Latest: 1.4M | Max: 2.5B | Min: 1.4M

Shares Outstanding
3.1B2.3B1.5B774.8M0.00
1.4M
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

Float Shares

86953.34%

1.2B latest reported shares

Insider Ownership

0.27%

Latest reported insider stake

Short Float

0.01%

Latest reported short interest / float

Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

Scroll the table to see every column.

Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-011,645,000
2018-01-012,459,730,300
2019-01-012,434,332,300
2020-01-012,299,924,900
2021-01-012,254,518,400
2022-01-011,463,000
2023-01-012,173,319,700
2024-01-011,438,000
2025-01-011,438,000
2026-01-011,418,900

Top Holders

Available reported ownership records.

No reported records are available in this preview.

Berkshire Hathaway: Earnings, Profitability & Valuation

Income Statement Filed On

Cash Flow Filed On

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

AI review as of Sep 20, 2026. Newer financial records are available: Income Statement filed Nov 9, 2026. This review has not been updated for those records.

Berkshire's underlying earnings engine displays remarkable operational health, generating roughly $62.5 billion in trailing twelve-month operating income. While reported GAAP net income experiences wild swings due to paper gains and losses in the stock portfolio, real cash flow from wholly owned subsidiaries remains exceptionally durable. Operating profitability is anchored by substantial Treasury interest income and resilient results across manufacturing and railroad operations. The key insight for investors is that headline accounting figures obscure this steady operating reality. Cash flow from operations reached $21.7 billion in the first half of 2026, proving that day-to-day business operations generate immense liquidity independently of public stock market volatility.

Revenue, Net Income, and Free Cash Flow

Latest: USD 371.4B | Max: USD 371.4B | Min: USD -22.8B

RevenueFree Cash FlowNet Income
USD 474.0BUSD 337.9BUSD 201.9BUSD 65.9BUSD 0.00USD -70.1B
371.4B
25.0B
67.0B
'16
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 16x

18x13x9x4x0x
16x
'21'24'25

Profitability & Margins

Margins and Operating Efficiency

AI Review

AI review as of Sep 20, 2026. Newer financial records are available: Income Statement filed Nov 9, 2026. This review has not been updated for those records.

Consolidated operating margins remain solid near 16%, supported by pricing power across specialized manufacturing and regulated utility tariffs that pass through fuel and material inflation. While personal auto insurance margins face periodic pressure from repair cost inflation and accident claims, disciplined underwriting pricing protects long-term float generation. High risk-free yields on cash reserves further boost consolidated profit margins, creating a dependable financial cushion that offset cyclical freight volume pauses. Overall profit margins reflect a well-balanced business mix capable of defending earning power across varied economic environments.

Profitability Margins

Latest: 23.6% | Max: >100.0% | Min: -7.6%

Gross MarginOperating MarginNet Margin
128.0%90.9%53.8%16.6%0.0%-20.5%
23.6%
15.9%
18.0%
'16
'18
'20
'22
'24
'25

Latest Profitability Ratios as of 2025-12-31

Gross Margin

23.6%

Gross profit / revenue

Operating Margin

15.9%

Operating income / revenue

Net Margin

18.0%

Net income / revenue

FCF Margin

6.7%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

Scroll the table to see every column.

Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2016-12-31223,604,000,00024,074,000,00019,581,000,000
2017-12-31242,137,000,00044,940,000,00034,068,000,000
2018-12-31247,837,000,0004,021,000,00022,863,000,000
2019-12-31254,616,000,00081,417,000,00022,708,000,000
2020-12-31245,510,000,00042,521,000,00026,761,000,000
2021-12-31354,636,000,00089,795,000,00026,145,000,000
2022-12-31302,089,000,000-22,819,000,00021,760,000,000
2023-12-31364,482,000,00096,223,000,00029,787,000,000
2024-12-31371,433,000,00088,995,000,00011,616,000,000
2025-12-31371,444,000,00066,968,000,00025,042,000,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

Scroll the table to see every column.

Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-3116.2Trailing four quarters
2024-12-3111Trailing four quarters
2023-12-318.1Trailing four quarters
2021-12-317.5Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

Scroll the table to see every column.

Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2016-12-3110015.0610.778.76
2017-12-311009.8418.5614.07
2018-12-3110010.671.629.23
2019-12-31128.5241.7431.988.92
2020-12-31116.624.0517.3210.9
2021-12-3110031.4925.327.37
2022-12-3158.8512.35-7.557.2
2023-12-3119.4613.226.48.17
2024-12-3123.311623.963.13
2025-12-3123.6315.8518.036.74

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-10.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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