FirmAtlas

Company handbook · BRK-B · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17

BRK-B · CIK 1067983 · LATEST FILING: 10-Q JUN '26 · FILED AUG 10, 2026

BERKSHIRE HATHAWAY INC

$532.02 +6.34 (+1.21%)

Close, Oct 16, 2026 · 52-week $464–538

Berkshire Hathaway owns many businesses: insurance (GEICO, General Re and others), the BNSF railroad, electric and gas utilities (Berkshire Hathaway Energy), manufacturers, retailers, service firms, and the McLane food distributor. It also holds a large portfolio of listed stocks.

CustomersDepends on the business: drivers and other insurers, rail shippers, utility customers in several U.S. states, and businesses and consumers for the other companies
Cash useFY24–FY25: capex $39.9B · buybacks $2.9B · acquisitions $1.5B
Reinvested 54% of operating cash flow

Last fiscal year

BERKSHIRE HATHAWAY INC reported revenue of $371.4B for the year ended Dec 31, 2025 (FY25), up 0.0% from FY24. Net income was $67.0B, operating cash flow $46.0B and free cash flow $25.0B. Source: 10-K filed Mar 2, 2026.

Market cap

$1.15T

P/E

13.4

P/B

1.5

Revenue 1Y

0.0%/yr

EPS 1Y

−24.8%/yr

Shares 1Y

+0.0%

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Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOGreg Abel

HQOmaha, NE

AuditorDeloitte & Touche LLP

Employees387,800

Year endsDecember

Compounded growth & averages

10Y

TTM

Share price

13.9%

13.4%

15.4%

8.8%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY24–FY25

$44.3B deployed

Capex $39.9B 90.1%

Acquisitions $1.5B 3.3%

Buybacks $2.9B 6.6%

Operating cash flow over the period: $76.6B. Total debt changed by +$4.3B.

Sources 10-K FY25 10-Q Jun '26 All filings on EDGAR

Latest filings

Aug 11, 2026 Quarterly results 8-K May 7, 2026 Quarterly results 8-K Apr 16, 2026 Other announcement 8-K Mar 5, 2026 Other announcement 8-K Mar 2, 2026 Quarterly results 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

Upgrade to see 10 years

Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Revenue

371,433

371,444+0.0%

—

YoY

+0.0%

Interest expense

5,200

5,069−2.5%

—

Net income

88,995

66,968−24.8%

85,768

YoY

−24.8%

Net margin

24.0%

18.0%−5.9 pp

—

EPS (diluted, $)

41.27

31.04−24.8%

—

YoY

−24.8%

Balance sheet

FY24 FY25

TTM

Total assets

1,153,881

1,222,176+5.9%

1,263,071

Cash & short-term investments

48,376

52,569+8.7%

—

Inventory

24,008

24,424+1.7%

—

Other assets

1,081,497

1,145,183+5.9%

—

Total liabilities

504,513

504,757+0.0%

515,161

Total debt

124,762

129,081+3.5%

—

Other liabilities

379,751

375,676−1.1%

—

Shareholders’ equity

649,368

717,419+10.5%

747,910

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

30,592

45,969+50.3%

46,634

Net income

89,561

67,260−24.9%

—

Depreciation & amortization

12,855

13,476+4.8%

—

Working capital & other

(71,824)

(34,767)n/m

—

Cash from investing

(10,287)

(44,487)n/m

—

Capex

(18,976)

(20,927)n/m

—

Acquisitions

(396)

(1,074)n/m

—

Other investing

9,085

(22,486)−347.5%

—

Cash from financing

(10,360)

2,233n/m

—

Buybacks

(2,918)

—

Other financing

(7,442)

2,233n/m

—

Net change in cash

9,733

4,193−56.9%

—

Free cash flow (OCF − capex)

11,616

25,042+115.6%

24,215

Where the cash went

FY24 FY25

TTM

Operating cash flow

30,592

45,969+50.3%

46,634

Reinvested in the business

19,372

22,001+13.6%

—

% of operating cash flow

63.3%

47.9%

Capex

18,976

20,927+10.3%

22,419

Acquisitions

396

1,074+171.2%

—

Free cash flow

11,616

25,042+115.6%

24,215

YoY

+115.6%

Returned to shareholders

2,918

—

% of free cash flow

25.1%

—

Buybacks

2,918

—

Change in total debt

—

4,319

—

Cash left over

—

28,287

—

FCF conversion (FCF ÷ net income)

13.1%

37.4%+24.3 pp

—

Owner earnings

—

59,101

—

Owner earnings margin

—

15.9%

—

Returns & ratios

FY24 FY25

TTM

Debt / equity

0.19x

0.18x−0.01x

—

ROE

13.7%

9.3%−4.4 pp

—

ROA

7.7%

5.5%−2.2 pp

—

Invested capital (operating)

24,008

24,424+1.7%

—

Invested capital (all)

725,754

793,931+9.4%

—

Income

Sep '25

Dec '25

Mar '26

Jun '26

Revenue

63,747

62,734

63,137

70,115

vs year-ago quarter

Net income

30,796

19,199

10,106

25,667

vs year-ago quarter

Net margin

48.3%

30.6%

16.0%

36.6%

Balance sheet

Sep '25

Dec '25

Mar '26

Jun '26

Total assets

1,225,963

1,222,176

1,252,271

1,263,071

Cash & equivalents

77,111

52,569

58,810

41,360

Shareholders’ equity

698,155

717,419

727,181

747,910

Cash flow

Sep '25

Dec '25

Mar '26

Jun '26

Operating cash flow

13,789

11,192

10,438

11,215

Capex

5,586

6,202

4,986

5,645

Free cash flow

8,203

4,990

5,452

5,570

vs year-ago quarter