NYSE : BRK.A
Berkshire Hathaway Inc. — Financial statements
Financials · Insurance - Diversified · United States
Last price 815600 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.16T
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Financial statements
Berkshire Hathaway Inc. (BRK.A) reported revenue of 384.69B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 51.46B | 49.72B | 49.79B | 49.75B | 52.15B | 48.23B |
| Other Revenue | 333.23B | 321.72B | 321.64B | 314.73B | 249.87B | 227.96B |
| Revenue | 384.69B | 371.44B | 371.43B | 364.48B | 302.02B | 276.19B |
| Cost of Revenue | 37.36B | 36.48B | 37.29B | 38.88B | 38.16B | 34.05B |
| Gross Profit | 116.69B | 97.12B | 113.73B | 123.20B | -28.01B | 115.15B |
| Operating Income | 116.69B | 97.12B | 113.73B | 123.20B | -28.01B | 115.15B |
| Interest Expense | -5.20B | -5.07B | -5.20B | -5.00B | -4.35B | -4.17B |
| Earnings From Equity Investments | -4.55B | -9.59B | 1.84B | 1.97B | 1.86B | 886.00M |
| EBT Excluding Unusual Items | 106.94B | 82.46B | 110.38B | 120.17B | -30.50B | 111.86B |
| Pretax Income | 106.94B | 82.46B | 110.38B | 120.17B | -30.50B | 111.86B |
| Income Tax Expense | 20.86B | 15.20B | 20.82B | 23.02B | -8.50B | 20.91B |
| Earnings From Continuing Operations | 86.08B | 67.26B | 89.56B | 97.15B | -22.00B | 90.95B |
| Minority Interest in Earnings | -314.00M | -292.00M | -566.00M | -924.00M | -761.00M | -1.01B |
| Net Income | 85.77B | 66.97B | 89.00B | 96.22B | -22.76B | 89.94B |
| Net Income to Common | 85.77B | 66.97B | 89.00B | 96.22B | -22.76B | 89.94B |
| Shares Outstanding (Basic) | 1.44M | 1.44M | 1.44M | 1.45M | 1.47M | 1.51M |
| Shares Outstanding (Diluted) | 1.44M | 1.44M | 1.44M | 1.45M | 1.47M | 1.51M |
| EPS (Basic) | 59,654.28 | 46,563.02 | 61,900.09 | 66,411.99 | -15,494.16 | 59,553.83 |
| EPS (Diluted) | 59,654.28 | 46,563.02 | 61,900.09 | 66,411.99 | -15,494.16 | 59,553.83 |
| Free Cash Flow | 24.21B | 25.04B | 11.62B | 29.79B | 21.89B | 26.15B |
| Free Cash Flow Per Share | 16,842.28 | 17,411.76 | 8,079.46 | 20,558.64 | 14,899.83 | 17,316.48 |
| Gross Margin | 30.33% | 26.15% | 30.62% | 33.80% | -9.27% | 41.69% |
| Operating Margin | 30.33% | 26.15% | 30.62% | 33.80% | -9.28% | 41.69% |
| Profit Margin | 22.30% | 18.03% | 23.96% | 26.40% | -7.54% | 32.56% |
| Free Cash Flow Margin | 6.30% | 6.74% | 3.13% | 8.17% | 7.25% | 9.47% |
| EBITDA | 130.68B | 110.59B | 126.59B | 135.68B | -17.11B | 125.86B |
| EBITDA Margin | 33.97% | 29.77% | 34.08% | 37.23% | -5.67% | 45.57% |
| D&A For EBITDA | 14.00B | 13.48B | 12.86B | 12.49B | 10.90B | 10.72B |
| EBIT | 116.69B | 97.12B | 113.73B | 123.20B | -28.01B | 115.15B |
| EBIT Margin | 30.33% | 26.15% | 30.62% | 33.80% | -9.27% | 41.69% |
| Effective Tax Rate | 19.51% | 18.43% | 18.86% | 19.16% | 18.70% | |
| Revenue as Reported | 384.69B | 371.44B | 371.43B | 364.48B | 302.02B | 276.19B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 40.61B | 51.88B | 47.73B | 38.02B | 35.81B | 88.18B |
| Short-Term Investments | 324.90B | 321.43B | 286.47B | 129.62B | 92.77B | 58.53B |
| Cash & Short-Term Investments | 365.51B | 373.31B | 334.20B | 167.64B | 128.59B | 146.72B |
| Accounts Receivable | 42.61B | 37.77B | 37.15B | 38.70B | 36.27B | 30.87B |
| Other Receivables | 10.58B | 10.95B | 11.24B | 12.56B | 12.01B | 8.70B |
| Receivables | 53.20B | 48.72B | 48.39B | 51.26B | 48.28B | 39.56B |
| Inventory | 29.98B | 27.62B | 27.01B | 25.86B | 25.37B | 20.95B |
| Restricted Cash | 751.00M | 692.00M | 647.00M | 621.00M | 588.00M | 522.00M |
| Other Current Assets | 334.00M | 589.00M | 329.00M | |||
| Total Current Assets | 449.44B | 450.35B | 410.25B | 245.71B | 203.41B | 208.09B |
| Property, Plant & Equipment | 244.14B | 241.18B | 228.77B | 221.87B | 201.94B | 196.37B |
| Long-Term Investments | 360.76B | 335.57B | 318.09B | 406.67B | 361.97B | 383.20B |
| Goodwill | 83.17B | 83.07B | 83.88B | 84.63B | 78.12B | 73.88B |
| Other Intangible Assets | 34.94B | 34.84B | 35.77B | 37.14B | 30.48B | 29.64B |
| Long-Term Deferred Charges | 7.67B | 12.90B | 13.40B | 14.10B | 13.67B | 14.04B |
| Other Long-Term Assets | 52.23B | 34.42B | 35.93B | 35.19B | 35.66B | 32.82B |
| Total Assets | 1.26T | 1.22T | 1.15T | 1.07T | 948.47B | 958.78B |
| Accounts Payable | 61.85B | 50.98B | 49.72B | 49.35B | 44.63B | 40.70B |
| Short-Term Debt | 2.66B | 3.32B | 2.44B | 5.33B | 2.43B | 2.35B |
| Current Portion of Long-Term Debt | 6.46B | |||||
| Current Portion of Leases | 1.44B | 1.49B | 1.42B | 1.28B | 1.24B | |
| Current Income Taxes Payable | 90.18B | 1.36B | 2.31B | 665.00M | 951.00M | 564.00M |
| Other Current Liabilities | 771.00M | 167.00M | 12.77B | 213.00M | 242.00M | 376.00M |
| Total Current Liabilities | 155.46B | 63.72B | 68.72B | 56.99B | 49.54B | 45.23B |
| Long-Term Debt | 125.94B | 119.30B | 122.32B | 122.94B | 120.31B | 111.91B |
| Long-Term Leases | 4.85B | 4.50B | 3.88B | 3.66B | 3.75B | |
| Long-Term Unearned Revenue | 32.75B | 31.34B | 30.81B | 30.51B | 28.66B | 23.51B |
| Long-Term Deferred Tax Liabilities | 85.60B | 83.56B | 92.34B | 76.42B | 89.68B | |
| Other Long-Term Liabilities | 198.75B | 197.66B | 192.30B | 192.56B | 188.20B | 169.76B |
| Total Liabilities | 512.89B | 502.47B | 502.23B | 499.21B | 466.78B | 443.85B |
| Common Stock | 8.00M | 8.00M | 8.00M | 8.00M | 8.00M | 8.00M |
| Additional Paid-In Capital | 35.62B | 35.61B | 35.66B | 34.48B | 35.17B | 35.59B |
| Retained Earnings | 798.96B | 763.19B | 696.22B | 607.35B | 511.13B | 534.42B |
| Treasury Stock | -83.70B | -78.94B | -78.94B | -76.80B | -67.83B | -59.80B |
| Comprehensive Income & Other | -2.97B | -2.45B | -3.58B | -3.76B | -5.05B | -4.03B |
| Total Common Equity | 747.91B | 717.42B | 649.37B | 561.27B | 473.42B | 506.20B |
| Minority Interest | 2.27B | 2.28B | 2.29B | 9.50B | 8.26B | 8.73B |
| Shareholders' Equity | 750.18B | 719.70B | 651.65B | 570.77B | 481.68B | 514.93B |
| Total Liabilities & Equity | 1.26T | 1.22T | 1.15T | 1.07T | 948.47B | 958.78B |
| Total Debt | 128.60B | 135.37B | 130.76B | 133.57B | 127.68B | 119.25B |
| Net Cash (Debt) | 236.91B | 237.94B | 203.44B | 34.07B | 902.00M | 27.47B |
| Net Cash Per Share | 164,781.66 | 165,440.27 | 141,503.91 | 23,515.40 | 614.07 | 18,187.24 |
| Filing Date Shares Outstanding | 1.43M | 1.44M | 1.44M | 1.44M | 1.46M | 1.48M |
| Total Common Shares Outstanding | 1.43M | 1.44M | 1.44M | 1.44M | 1.46M | 1.48M |
| Working Capital | 293.98B | 386.62B | 341.52B | 188.73B | 153.87B | 162.85B |
| Book Value Per Share | 522,225.90 | 498,663.02 | 451,367.20 | 389,253.91 | 324,225.93 | 342,521.85 |
| Tangible Book Value | 629.80B | 599.50B | 529.71B | 439.51B | 364.83B | 402.69B |
| Tangible Book Value Per Share | 439,757.35 | 416,702.06 | 368,197.27 | 304,806.79 | 249,852.24 | 272,479.99 |
| Land | 101.35B | 98.80B | 94.83B | 91.29B | 82.11B | 79.91B |
| Machinery | 189.04B | 182.16B | 171.60B | 164.95B | 154.98B | 148.44B |
| Construction In Progress | 14.36B | 12.75B | 10.61B | 10.98B | 7.10B | 5.22B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 85.77B | 66.97B | 89.00B | 96.22B | -22.76B | 89.94B |
| Depreciation & Amortization | 14.00B | 13.48B | 12.86B | 12.49B | 10.90B | 10.72B |
| Loss (Gain) From Sale of Investments | -65.53B | -51.04B | -64.15B | -80.36B | 66.77B | -77.58B |
| Loss (Gain) on Equity Investments | 10.68B | 10.68B | ||||
| Other Operating Activities | -4.21B | 3.53B | -326.00M | 411.00M | -2.31B | -2.37B |
| Change in Accounts Receivable | -3.60B | -2.43B | 626.00M | -1.95B | -5.62B | -5.86B |
| Change in Inventory | -4.78B | -1.86B | ||||
| Change in Unearned Revenue | 363.00M | 432.00M | 376.00M | 1.85B | 1.86B | 2.31B |
| Change in Income Taxes | 6.59B | 1.00B | -8.16B | 14.87B | -12.87B | 15.33B |
| Change in Other Net Operating Assets | 2.58B | 3.35B | 377.00M | 5.67B | 6.17B | 8.81B |
| Operating Cash Flow | 46.63B | 45.97B | 30.59B | 49.20B | 37.35B | 39.43B |
| Capital Expenditures | -22.42B | -20.93B | -18.98B | -19.41B | -15.46B | -13.28B |
| Cash Acquisitions | -10.68B | -1.07B | -396.00M | -8.60B | -10.59B | -456.00M |
| Investment in Securities | -73.56B | -23.64B | 9.28B | -5.33B | -61.78B | 42.35B |
| Other Investing Activities | 564.00M | 1.16B | -195.00M | 685.00M | 239.00M | 770.00M |
| Investing Cash Flow | -106.09B | -44.49B | -10.29B | -32.66B | -87.60B | 29.39B |
| Short-Term Debt Issued | 878.00M | 2.41B | ||||
| Long-Term Debt Issued | 9.17B | 13.19B | 7.82B | 12.70B | 6.92B | |
| Total Debt Issued | 11.46B | 10.05B | 13.19B | 10.22B | 12.70B | 6.92B |
| Short-Term Debt Repaid | -3.06B | -596.00M | -624.00M | |||
| Long-Term Debt Repaid | -7.02B | -11.95B | -11.31B | -3.93B | -7.05B | |
| Total Debt Repaid | -7.59B | -7.02B | -15.01B | -11.31B | -4.52B | -7.67B |
| Net Debt Issued (Repaid) | 3.88B | 3.03B | -1.82B | -1.09B | 8.17B | -752.00M |
| Repurchase of Common Stock | -4.44B | -2.92B | -9.17B | -7.85B | -27.06B | |
| Other Financing Activities | -194.00M | -793.00M | -5.62B | -4.15B | -1.98B | -695.00M |
| Financing Cash Flow | -763.00M | 2.23B | -10.36B | -14.40B | -1.66B | -28.51B |
| Foreign Exchange Rate Adjustments | 349.00M | 478.00M | -212.00M | 116.00M | -394.00M | -1.00M |
| Net Cash Flow | -59.87B | 4.19B | 9.73B | 2.24B | -52.31B | 40.31B |
| Free Cash Flow | 24.21B | 25.04B | 11.62B | 29.79B | 21.89B | 26.15B |
| Free Cash Flow Margin | 6.30% | 6.74% | 3.13% | 8.17% | 7.25% | 9.47% |
| Free Cash Flow Per Share | 16,842.28 | 17,411.76 | 8,079.46 | 20,558.64 | 14,899.83 | 17,316.48 |
| Levered Free Cash Flow | 71.98B | 36.80B | 78.31B | 68.11B | -34.07B | 61.88B |
| Unlevered Free Cash Flow | 75.22B | 39.97B | 81.56B | 71.23B | -31.35B | 64.48B |
| Cash Interest Paid | 5.14B | 5.09B | 4.94B | 5.00B | 4.34B | 4.39B |
| Cash Income Tax Paid | 13.21B | 13.98B | 28.54B | 7.76B | 4.24B | 5.41B |
| Change in Working Capital | 5.93B | 2.35B | -6.78B | 20.44B | -15.24B | 18.72B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.19T | 1.08T | 978.01B | 776.88B | 681.92B | 669.12B |
| Enterprise Value | 954.63B | 832.67B | 780.04B | 753.82B | 697.78B | 643.48B |
| Last Close Price | 834,640.73 | 754,800.00 | 680,920.00 | 542,625.03 | 468,710.96 | 450,662.00 |
| PE Ratio | 13.99 | 16.20 | 10.99 | 8.07 | 7.44 | |
| Forward PE | 25.12 | 22.96 | 23.49 | 23.39 | 21.27 | 24.24 |
| PS Ratio | 3.10 | 2.92 | 2.63 | 2.13 | 2.26 | 2.42 |
| PB Ratio | 1.60 | 1.51 | 1.50 | 1.36 | 1.42 | 1.30 |
| P/TBV Ratio | 1.89 | 1.81 | 1.85 | 1.77 | 1.87 | 1.66 |
| P/FCF Ratio | 49.21 | 43.32 | 84.19 | 26.08 | 31.16 | 25.59 |
| P/OCF Ratio | 25.55 | 23.60 | 31.97 | 15.79 | 18.26 | 16.97 |
| PEG Ratio | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | |
| EV/Sales Ratio | 2.48 | 2.24 | 2.10 | 2.07 | 2.31 | 2.33 |
| EV/EBITDA Ratio | 7.30 | 7.53 | 6.16 | 5.56 | 5.11 | |
| EV/EBIT Ratio | 8.18 | 8.57 | 6.86 | 6.12 | 5.59 | |
| EV/FCF Ratio | 39.42 | 33.25 | 67.15 | 25.31 | 31.88 | 24.61 |
| Debt / Equity Ratio | 0.17 | 0.19 | 0.20 | 0.23 | 0.27 | 0.23 |
| Debt / EBITDA Ratio | 0.97 | 1.20 | 1.02 | 0.97 | 0.94 | |
| Debt / FCF Ratio | 5.31 | 5.41 | 11.26 | 4.48 | 5.83 | 4.56 |
| Net Debt / Equity Ratio | -0.32 | -0.33 | -0.31 | -0.06 | -0.00 | -0.05 |
| Net Debt / EBITDA Ratio | -1.81 | -2.15 | -1.61 | -0.25 | 0.05 | -0.22 |
| Net Debt / FCF Ratio | -9.78 | -9.50 | -17.51 | -1.14 | -0.04 | -1.05 |
| Asset Turnover | 0.32 | 0.31 | 0.33 | 0.36 | 0.32 | 0.30 |
| Inventory Turnover | 1.30 | 1.33 | 1.41 | 1.52 | 1.65 | 1.70 |
| Quick Ratio | 2.69 | 6.62 | 5.57 | 3.84 | 3.57 | 4.12 |
| Current Ratio | 2.89 | 7.07 | 5.97 | 4.31 | 4.11 | 4.60 |
| Return on Equity (ROE) | 12.12% | 9.81% | 14.65% | 18.46% | -4.41% | 18.82% |
| Return on Assets (ROA) | 6.01% | 5.11% | 6.39% | 7.63% | -1.84% | 7.85% |
| Return on Invested Capital (ROIC) | 19.28% | 17.04% | 18.74% | 19.58% | -5.79% | 20.29% |
| Return on Capital Employed (ROCE) | 10.50% | 8.40% | 10.50% | 12.20% | -3.10% | 12.60% |
| Earnings Yield | 7.15% | 6.17% | 9.10% | 12.39% | -3.34% | 13.44% |
| FCF Yield | 2.03% | 2.31% | 1.19% | 3.83% | 3.21% | 3.91% |
| Buyback Yield / Dilution | 0.00% | -0.03% | 0.77% | 1.36% | 2.73% | 5.29% |