Berkshire Hathaway (BRK.A) Financials

$716,422.25 +172.25 (+0.02%)

Closing price 05/8/2026 03:58 PM Eastern

Extended Trading

$717,347.72 +925.46 (+0.13%)

As of 05/8/2026 04:08 PM Eastern

Annual Income Statements for Berkshire Hathaway

This table shows Berkshire Hathaway's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	24,083	24,074	44,940	4,021	81,417	42,521	89,937	-22,759	96,223	88,995	66,968
Consolidated Net Income / (Loss)	24,414	24,427	45,353	4,322	81,792	43,253	90,949	-21,998	97,147	89,561	67,260
Net Income / (Loss) Continuing Operations	24,414	24,427	45,353	4,322	81,792	43,253	90,949	-21,998	97,147	89,561	67,260
Total Pre-Tax Income	34,946	33,667	23,838	4,001	102,696	55,693	111,861	-30,500	120,166	110,376	82,459
Total Operating Income	38,583	27,995	23,082	32,476	32,874	18,373	36,605	39,888	48,341	60,936	58,040
Total Gross Profit	120,999	74,535	74,472	86,146	136,279	132,850	79,446	81,327	97,114	111,587	114,065
Total Revenue	210,943	215,114	239,933	247,837	254,616	245,579	276,185	302,020	364,482	371,433	371,444
Operating Revenue	209,969	215,114	239,933	247,837	254,616	245,579	276,185	302,020	364,482	371,433	371,444
Total Cost of Revenue	89,944	140,579	165,461	161,691	118,337	112,729	196,739	220,693	267,368	259,846	257,379
Operating Cost of Revenue	89,944	140,579	165,461	161,691	118,337	112,729	196,739	220,693	267,368	259,846	257,379
Total Operating Expenses	82,416	46,540	51,390	53,670	103,405	114,477	42,841	41,439	48,773	50,651	56,025
Selling, General & Admin Expense	15,309	17,973	19,189	17,856	23,228	24,605	24,458	24,490	29,474	29,985	33,890
Other Operating Expenses / (Income)	67,107	28,567	32,201	35,432	80,081	79,201	18,383	16,949	19,299	20,666	22,135
Total Other Income / (Expense), net	-3,637	5,672	756	-28,475	69,822	37,320	75,256	-70,388	71,825	49,440	24,419
Interest Expense	3,515	3,741	4,386	3,853	3,961	4,083	4,172	4,352	5,003	5,200	5,069
Interest & Investment Income	-122	1,109	3,014	-2,167	1,176	657	886	-66,036	76,828	54,640	29,488
Income Tax Expense	10,532	9,240	-21,515	-321	20,904	12,440	20,912	-8,502	23,019	20,815	15,199
Net Income / (Loss) Attributable to Noncontrolling Interest	331	353	413	301	375	732	1,012	761	924	566	292
Basic Earnings per Share	$14,656.00	$14,645.00	$27,326.00	$2,447.63	$49,861.22	$26,685.78	$59,593.70	($15,504.33)	$66,456.27	$61,941.27	$46,594.04
Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	2.47B	2.45B	2.39B	2.27B	2.20B	2.17B	2.16B	2.16B
Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	1.64M	1.63M	1.34B	1.29B	1.30B	1.31B	1.34B	1.39B
Weighted Average Basic & Diluted Shares Outstanding	1.64M	1.64M	1.64M	1.64M	1.63M	1.34B	1.29B	1.30B	1.31B	1.34B	1.39B

This table shows Berkshire Hathaway's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-12,767	37,574	12,702	30,348	26,251	19,694	4,603	12,370	30,796	19,199	10,106
Consolidated Net Income / (Loss)	-12,567	37,758	12,832	30,498	26,480	19,751	4,672	12,457	30,864	19,267	10,179
Net Income / (Loss) Continuing Operations	-12,567	37,758	12,832	30,498	26,480	19,751	4,672	12,457	30,864	19,267	10,179
Total Pre-Tax Income	-16,959	46,938	15,706	38,137	32,508	24,025	5,148	14,750	38,105	24,456	12,319
Total Operating Income	13,817	10,888	14,653	15,258	12,986	18,039	12,714	14,384	17,097	13,845	15,049
Total Gross Profit	24,666	7,057	49,077	51,571	28,168	-58,553	26,677	52,899	54,097	-44,105	27,997
Total Revenue	93,210	93,376	89,869	93,653	92,995	94,916	89,725	92,515	94,972	94,232	93,675
Operating Revenue	93,210	93,376	89,869	93,653	92,995	94,916	89,725	92,515	94,972	94,232	93,675
Total Cost of Revenue	68,544	86,319	40,792	42,082	64,827	153,469	63,048	39,616	40,875	138,337	65,678
Operating Cost of Revenue	68,544	86,319	40,792	42,082	64,827	153,469	63,048	39,616	40,875	138,337	65,678
Total Operating Expenses	10,849	-3,831	34,424	36,313	15,182	-76,592	13,963	38,515	37,000	-57,950	12,948
Selling, General & Admin Expense	6,209	10,598	6,546	7,265	9,323	9,352	8,527	9,082	7,401	8,880	7,412
Other Operating Expenses / (Income)	4,640	-14,429	27,878	29,048	5,859	-85,944	5,436	29,433	29,599	-66,830	5,536
Total Other Income / (Expense), net	-30,776	36,050	1,053	22,879	19,522	5,986	-7,566	366	21,008	10,611	-2,730
Interest Expense	1,260	1,276	1,316	1,230	1,214	1,440	1,257	1,253	1,261	1,298	1,301
Interest & Investment Income	-29,516	37,326	2,369	24,109	20,736	7,426	-6,309	1,619	22,269	11,909	-1,429
Income Tax Expense	-4,392	9,180	2,874	7,639	6,028	4,274	476	2,293	7,241	5,189	2,140
Net Income / (Loss) Attributable to Noncontrolling Interest	200	184	130	150	229	57	69	87	68	68	73
Basic Earnings per Share	($8,829.88)	$26,101.38	$8,830.88	$21,136.08	$18,284.18	$13,690.13	$3,202.13	$8,606.73	$21,427.28	$13,357.90	$7,031.68
Weighted Average Basic Shares Outstanding	2.17B	2.17B	2.16B	2.16B	2.16B	2.16B	2.16B	2.16B	2.16B	2.16B	2.16B
Weighted Average Diluted Shares Outstanding	1.31B	1.31B	1.31B	1.33B	1.33B	1.34B	1.34B	1.38B	1.37B	1.39B	1.40B
Weighted Average Basic & Diluted Shares Outstanding	1.31B	1.31B	1.31B	1.33B	1.33B	1.34B	1.34B	1.38B	1.37B	1.39B	1.40B

This table details how cash moves in and out of Berkshire Hathaway's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	7,128	-38,959	3,569	-1,401	33,821	-16,236	40,310	-52,307	2,244	9,733	4,193
Net Cash From Operating Activities	31,491	32,647	45,728	37,400	38,687	39,773	39,427	37,350	49,196	30,592	45,969
Net Cash From Continuing Operating Activities	31,491	32,647	45,728	37,400	38,330	39,773	39,427	37,350	49,196	30,592	45,969
Net Income / (Loss) Continuing Operations	24,414	24,427	45,353	4,322	81,792	43,253	90,949	-21,998	97,147	89,561	67,260
Consolidated Net Income / (Loss)	24,414	24,427	45,353	4,322	81,792	43,253	90,949	-21,998	97,147	89,561	67,260
Depreciation Expense	7,779	8,901	9,188	9,779	10,064	10,596	10,718	10,899	12,486	12,855	13,476
Amortization Expense	-	-	-	-	-	-	-	-1,132	-5,510	-11,349	-11,964
Non-Cash Adjustments To Reconcile Net Income	-9,512	-7,106	-6,422	28,080	-70,670	-26,748	-76,850	67,455	-73,139	-52,617	-24,033
Changes in Operating Assets and Liabilities, net	8,810	6,425	-2,391	-4,781	17,144	12,672	14,610	-17,874	18,212	-7,858	1,230
Net Cash From Investing Activities	-28,001	-84,225	-41,009	-32,849	-5,621	-37,757	29,392	-87,601	-32,663	-10,287	-44,487
Net Cash From Continuing Investing Activities	-28,001	-84,225	-41,009	-32,849	-5,621	-37,757	29,392	-87,601	-32,663	-10,287	-44,487
Purchase of Property, Plant & Equipment	-16,082	-12,954	-11,708	-14,537	-15,979	-13,012	-13,276	-15,464	-19,409	-18,976	-20,927
Acquisitions	-10,160	-31,399	-2,708	-3,279	-1,683	-2,532	-456	-10,594	-8,604	-396	-1,074
Purchase of Investments	-28,111	-113,076	-178,818	-185,054	-154,765	-238,590	-161,085	-251,852	-251,469	-536,079	-603,052
Sale and/or Maturity of Investments	25,874	73,398	155,566	171,521	168,032	220,338	203,439	190,070	246,134	545,359	579,409
Other Investing Activities, net	478	-194	-3,341	-1,500	-1,226	-3,961	770	239	685	-195	1,157
Net Cash From Financing Activities	3,803	12,791	-1,398	-5,812	730	-18,344	-28,508	-1,662	-14,405	-10,360	2,233
Net Cash From Continuing Financing Activities	3,803	12,791	-1,398	-5,812	730	-18,344	-28,508	-1,662	-14,405	-10,360	2,233
Repayment of Debt	-6,079	-4,458	-9,135	-13,894	-7,964	-8,008	-8,367	-5,907	-15,458	-17,569	-7,817
Repurchase of Common Equity	-	0.00	0.00	-1,346	-4,850	-24,706	-27,061	-7,854	-9,171	-2,918	0.00
Issuance of Debt	9,882	17,249	7,737	9,428	13,544	14,370	6,920	12,099	10,224	10,127	10,050
Other Net Changes in Cash	-	-172	248	-140	25	92	-1.00	-394	116	-212	478

This table details how cash moves in and out of Berkshire Hathaway's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-19,049	7,039	-2,483	6,911	-5,079	10,384	-5,521	58,373	-24,117	-24,542	6,241
Net Cash From Operating Activities	13,669	14,400	10,566	13,602	1,803	4,621	10,903	10,085	13,789	11,192	10,438
Net Cash From Continuing Operating Activities	13,669	14,400	10,566	13,602	1,803	4,621	10,903	10,085	13,789	11,192	10,438
Net Income / (Loss) Continuing Operations	-12,567	37,758	12,832	30,498	26,480	19,751	4,672	12,457	30,864	19,267	10,179
Consolidated Net Income / (Loss)	-12,567	37,758	12,832	30,498	26,480	19,751	4,672	12,457	30,864	19,267	10,179
Depreciation Expense	3,210	3,129	3,168	3,198	3,206	3,283	3,265	3,329	3,333	3,549	3,510
Amortization Expense	-	-	-1,908	-	-	-	-3,129	-3,040	-2,677	-3,118	-3,068
Non-Cash Adjustments To Reconcile Net Income	28,136	-33,238	-1,160	-25,973	-21,267	-2,309	9,559	173	-21,411	-12,354	3,577
Changes in Operating Assets and Liabilities, net	-5,110	12,261	-2,366	5,879	-6,616	-4,755	-3,464	-2,834	3,680	3,848	-3,760
Net Cash From Investing Activities	-28,048	-7,351	-3,203	-7,448	-3,904	4,268	-16,401	49,358	-39,052	-38,392	-4,308
Net Cash From Continuing Investing Activities	-28,048	-7,351	-3,203	-7,448	-3,904	4,268	-16,401	49,358	-39,052	-38,392	-4,308
Purchase of Property, Plant & Equipment	-5,303	-5,708	-4,393	-4,535	-4,701	-5,347	-4,281	-4,858	-5,586	-6,202	-4,986
Acquisitions	-48	-40	-	-15	-20	-34	-90	-	-	-	-9,690
Purchase of Investments	-81,143	-63,824	-105,858	-127,953	-157,222	-145,046	-161,905	-95,050	-200,862	-145,235	-205,563
Sale and/or Maturity of Investments	58,351	62,144	107,538	125,083	158,253	154,485	149,583	149,071	167,451	113,304	215,606
Other Investing Activities, net	95	77	-490	-28	-214	210	292	195	-55	815	325
Net Cash From Financing Activities	-4,636	-136	-9,802	854	-3,065	1,653	53	-1,166	835	2,511	174
Net Cash From Continuing Financing Activities	-4,636	-136	-9,802	854	-3,065	1,653	53	-1,166	835	2,511	174
Repayment of Debt	-6,066	-1,596	-9,712	-2,015	-655	-5,634	-1,885	-4,091	-51	-1,790	-3,205
Repurchase of Common Equity	-1,128	-2,193	-2,562	-356	-	-	0.00	-	-	-	-235
Issuance of Debt	2,558	3,653	2,472	3,225	-2,410	7,287	1,938	2,925	886	4,301	3,614
Other Net Changes in Cash	-34	126	-44	-97	87	-158	-76	96	311	147	-63

This table presents Berkshire Hathaway's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	540,341	486,019	702,095	707,794	817,729	873,729	958,784	948,465	1,069,978	1,153,881	1,222,176
Total Current Assets	121,060	152,626	162,712	182,398	216,479	229,419	240,246	220,649	134,820	143,422	150,468
Cash & Equivalents	67,161	28,048	31,583	30,361	64,175	47,990	88,184	35,811	38,022	47,729	51,877
Note & Lease Receivable	-	-	-	-	17,527	19,201	20,751	23,208	24,681	27,798	29,836
Accounts Receivable	23,303	27,097	29,392	31,564	32,418	32,310	35,388	43,490	46,261	43,887	44,331
Inventories, net	-	15,727	17,366	19,069	19,852	19,208	20,954	25,366	25,856	24,008	24,424
Plant, Property, & Equipment, net	145,166	152,773	158,219	166,706	174,341	187,017	191,282	196,965	216,593	222,929	235,160
Total Noncurrent Assets	274,115	180,620	381,164	358,690	426,909	457,293	527,256	530,851	718,565	787,530	836,548
Long-Term Investments	155,725	15,345	212,917	190,082	265,532	298,473	366,764	361,971	536,285	604,558	657,006
Noncurrent Note & Lease Receivables	12,772	13,300	17,279	19,946	3,417	3,542	4,177	4,795	4,999	4,503	4,387
Goodwill	62,708	79,486	81,258	81,025	81,882	73,734	73,875	78,119	84,626	83,880	83,074
Intangible Assets	9,148	33,481	32,518	31,499	31,051	29,462	28,486	29,187	35,884	34,638	33,802
Other Noncurrent Operating Assets	33,762	39,008	37,192	36,138	45,027	52,082	53,954	56,779	56,771	59,951	58,279
Total Liabilities & Shareholders' Equity	552,257	620,854	702,095	707,794	817,729	873,729	958,784	948,465	1,069,978	1,153,881	1,222,176
Total Liabilities	293,630	335,426	350,141	355,294	389,166	422,393	443,854	466,784	499,208	502,226	502,473
Total Current Liabilities	48,418	83,863	115,237	180,291	110,791	113,785	113,288	210,893	220,390	223,368	230,028
Accounts Payable	31,271	35,042	35,903	37,186	42,319	45,568	46,072	49,816	54,863	55,715	57,269
Current Deferred Revenue	-	-	0.00	4,593	5,281	5,856	5,849	6,820	8,253	9,356	10,686
Other Current Liabilities	13,311	45,931	77,162	138,512	63,191	62,361	61,367	154,257	157,274	158,297	162,073
Total Noncurrent Liabilities	245,212	251,563	234,904	175,003	278,375	308,608	330,566	255,891	278,818	278,889	272,445
Long-Term Debt	84,289	101,644	102,587	97,490	103,368	116,895	114,262	122,744	128,271	124,762	129,081
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	51,375	-	-	-	77,368	93,009	85,870	86,955
Other Noncurrent Operating Liabilities	24,653	19,098	75,710	26,138	35,189	37,761	39,397	55,779	57,538	68,257	56,409
Total Equity & Noncontrolling Interests	258,627	285,428	351,954	352,500	428,563	451,336	514,930	481,681	567,509	651,655	719,703
Total Preferred & Common Equity	255,550	282,070	348,296	348,703	424,791	443,164	506,199	473,424	561,273	649,368	717,419
Total Common Equity	255,550	282,070	348,296	348,703	424,791	443,164	506,199	473,424	561,273	649,368	717,419
Common Stock	35,628	35,689	35,702	35,715	35,666	35,634	35,600	35,175	34,488	35,673	35,620
Retained Earnings	187,703	210,846	255,786	321,112	402,493	444,626	534,421	511,127	607,350	696,218	763,186
Treasury Stock	-1,763	-1,763	-1,763	-3,109	-8,125	-32,853	-59,795	-67,826	-76,802	-78,939	-78,939
Accumulated Other Comprehensive Income / (Loss)	33,982	37,298	58,571	-5,015	-5,243	-4,243	-4,027	-5,052	-3,763	-3,584	-2,448
Noncontrolling Interest	3,077	3,358	3,658	3,797	3,772	8,172	8,731	8,257	6,236	2,287	2,284

This table presents Berkshire Hathaway's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,041,573	1,019,933	1,069,978	1,070,035	1,108,860	1,147,251	1,153,881	1,164,532	1,163,968	1,225,963	1,252,271
Total Current Assets	241,792	251,883	134,820	284,870	137,874	133,362	143,422	141,746	201,052	179,890	161,238
Cash & Equivalents	50,055	30,840	38,022	35,549	42,324	37,181	47,729	42,180	100,486	76,306	58,122
Note & Lease Receivable	23,530	24,009	24,681	25,435	26,085	27,106	27,798	28,131	28,722	29,327	30,101
Accounts Receivable	45,590	45,878	46,261	46,772	45,967	45,458	43,887	47,401	47,473	48,938	47,492
Inventories, net	25,295	24,755	25,856	23,670	23,498	23,617	24,008	24,034	24,371	25,319	25,523
Plant, Property, & Equipment, net	209,188	211,498	216,593	217,500	219,469	222,272	222,929	224,758	227,863	230,565	241,744
Total Noncurrent Assets	590,593	556,552	718,565	567,665	751,517	791,617	787,530	798,028	735,053	815,508	849,289
Long-Term Investments	403,255	368,552	536,285	382,616	566,356	605,856	604,558	615,415	551,935	632,075	664,915
Noncurrent Note & Lease Receivables	6,067	6,848	4,999	6,063	6,502	6,588	4,503	4,291	4,323	4,522	4,267
Goodwill	85,853	85,652	84,626	84,549	84,411	84,608	83,880	84,007	84,251	84,525	83,180
Intangible Assets	29,819	29,495	35,884	29,045	28,788	28,797	34,638	34,331	34,079	34,055	34,275
Other Noncurrent Operating Assets	65,599	66,005	56,771	65,392	65,460	65,768	59,951	59,984	60,465	60,331	62,652
Total Liabilities & Shareholders' Equity	1,041,573	1,019,933	1,069,978	1,070,035	1,108,860	1,147,251	1,153,881	1,164,532	1,163,968	1,225,963	1,252,271
Total Liabilities	489,812	485,206	499,208	492,250	500,889	515,445	502,226	507,790	493,692	525,522	522,821
Total Current Liabilities	213,927	217,474	220,390	216,996	219,056	225,437	223,368	224,394	226,272	228,902	230,955
Accounts Payable	52,233	55,077	54,863	52,232	53,597	56,493	55,715	55,006	55,370	56,959	58,215
Current Deferred Revenue	7,375	7,549	8,253	8,375	8,442	8,941	9,356	9,509	9,747	10,052	10,915
Other Current Liabilities	154,319	154,848	157,274	156,389	157,017	160,003	158,297	159,879	161,155	161,891	161,825
Total Noncurrent Liabilities	275,885	267,732	278,818	275,254	281,833	290,008	278,858	283,396	267,420	296,579	291,837
Long-Term Debt	125,347	124,781	128,271	122,754	123,628	124,507	124,762	125,927	127,020	127,243	128,886
Asset Retirement Reserve & Litigation Obligation	-	-	-	-	-	-	-	7,047	-	-	6,834
Noncurrent Deferred & Payable Income Tax Liabilities	93,011	85,793	93,009	95,651	101,414	92,107	85,870	86,002	82,991	87,388	88,685
Other Noncurrent Operating Liabilities	57,527	57,158	57,538	56,849	56,791	73,394	68,226	64,420	57,409	81,948	67,432
Total Equity & Noncontrolling Interests	548,551	531,497	567,509	577,785	607,971	631,806	651,655	656,742	670,276	700,441	729,450
Total Preferred & Common Equity	539,883	525,330	561,273	571,490	601,697	629,069	649,368	654,471	667,989	698,155	727,181
Total Common Equity	539,883	525,330	561,273	571,490	601,697	629,069	649,368	654,471	667,989	698,155	727,181
Common Stock	35,148	34,481	34,488	34,990	34,999	35,486	35,673	35,673	35,632	35,630	35,574
Retained Earnings	582,543	569,776	607,350	619,925	650,273	676,524	696,218	700,821	713,191	743,987	773,292
Treasury Stock	-73,568	-74,655	-76,802	-79,375	-79,720	-79,249	-78,939	-78,939	-78,939	-78,939	-79,174
Accumulated Other Comprehensive Income / (Loss)	-4,240	-4,272	-3,763	-4,050	-3,855	-3,692	-3,584	-3,084	-1,895	-2,523	-2,511
Noncontrolling Interest	8,668	6,167	6,236	6,295	6,274	2,737	2,287	2,271	2,287	2,286	2,269

This table displays calculated financial ratios and metrics derived from Berkshire Hathaway's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,373,343,149.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,373,343,149.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	48.76
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	26,955	40,623	43,915	35,082	52,365	14,269	29,762	27,922	39,081	49,445	47,342
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.62%	5.62%	6.37%	5.58%
Earnings before Interest and Taxes (EBIT)	38,583	72,598	50,420	20,042	210,962	59,119	115,147	39,888	48,341	60,936	58,040
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	46,362	90,400	68,796	39,600	231,090	69,715	125,865	49,655	55,317	62,442	59,552
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	156,971	-323,263	179,721	295,387	0.00	202,145	25,400	103,571	28,216	50,049	31,540
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	144,480	414,844	368,898	256,286	373,032	185,156	189,518	113,869	124,734	124,130	139,901
Increase / (Decrease) in Invested Capital	-130,016	540,728	-50,256	-107,666	233,492	-187,876	4,362	-75,649	10,865	-604	15,802
Book Value per Share	$204.58	$437.37	$520.76	$511.47	$613.81	$323.10	$388.16	$363.45	$428.78	$488.61	$522.39
Tangible Book Value per Share	$147.05	$262.21	$146,750.32	$346.42	$191,087.19	$247.86	$309.67	$281.07	$336.72	$399.44	$437.29
Total Capital	346,752	779,924	913,426	899,980	1,063,862	568,231	629,192	604,425	699,041	776,417	848,784
Total Debt	88,125	209,068	209,518	194,980	206,736	116,895	114,262	122,744	128,271	124,762	129,081
Total Long-Term Debt	84,289	203,288	205,174	194,980	206,736	116,895	114,262	122,744	128,271	124,762	129,081
Net Debt	-165,357	-41,226	-224,112	-448,714	-308,846	-340,278	-415,655	-367,812	-446,036	-527,525	-579,802
Capital Expenditures (CapEx)	16,082	25,908	23,416	29,074	31,958	13,012	13,276	15,464	19,409	18,976	20,927
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-21,279	-76,298	-132,614	-259,316	-40,994	-43,066	-36,195	-118,829	-123,592	-127,675	-131,437
Debt-free Net Working Capital (DFNWC)	76,478	143,306	99,294	4,214	211,376	115,634	126,958	9,756	-85,570	-79,946	-79,560
Net Working Capital (NWC)	72,642	137,526	47,475	4,214	211,376	115,634	126,958	9,756	-85,570	-79,946	-79,560
Net Nonoperating Expense (NNE)	2,541	-8,231	-2,877	61,519	-111,219	-28,984	-61,187	49,920	-58,066	-40,116	-19,918
Net Nonoperating Obligations (NNO)	-114,147	-156,012	-335,010	-448,714	-242,047	-266,180	-325,412	-367,812	-446,036	-527,525	-579,802
Total Depreciation and Amortization (D&A)	7,779	17,802	18,376	19,558	20,128	10,596	10,718	9,767	6,976	1,506	1,512
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$14,656.00	$14,645.00	$27,326.00	$4,893.63	$49,894.44	$26,685.78	$59,499.64	($15,545.36)	$66,456.27	$61,941.27	$46,594.04
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	2.45B	2.39B	2.27B	2.20B	2.17B	2.16B	2.16B
Adjusted Diluted Earnings per Share	$14,656.00	$14,645.00	$27,326.00	$2,446.00	$49,828.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	1.37B	0.00	1.34B	1.29B	1.30B	1.31B	1.34B	1.39B
Adjusted Basic & Diluted Earnings per Share	$14,656.00	$14,645.00	$27,326.00	$2,446.00	$49,828.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.64M	1.64M	1.64M	1.38B	3.27M	1.34B	1.29B	1.30B	1.31B	1.34B	1.39B
Normalized Net Operating Profit after Tax (NOPAT)	26,955	0.00	0.00	23,001	52,518	22,557	29,762	27,922	39,081	49,445	47,342
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Berkshire Hathaway's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	1,373,343,149.00	1,390,116,959.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	1,373,343,149.00	1,390,116,959.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	13.98	7.27
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	21.20%	19.60%	5.24%	1.24%	-0.23%	1.65%	-0.16%	-1.22%	2.13%	-	4.40%
EBITDA Growth	2,096.13%	31.76%	31.28%	13.87%	-4.90%	52.12%	-19.25%	-7.65%	38.84%	-	20.55%
EBIT Growth	485.84%	38.17%	39.23%	16.37%	-6.01%	65.68%	-13.23%	-5.73%	31.66%	-	18.37%
NOPAT Growth	39.79%	34.75%	42.37%	16.80%	9.37%	69.32%	-3.62%	-0.44%	30.91%	-	7.77%
Net Income Growth	-365.79%	107.04%	-64.11%	-15.75%	310.71%	-47.69%	-63.59%	-59.15%	16.56%	-	117.87%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Cash Flow Growth	17.01%	39.66%	21.55%	9.39%	-86.81%	-67.91%	3.19%	-25.86%	664.78%	-	-4.26%
Free Cash Flow Firm Growth	4,719.36%	-102.56%	650.85%	-79.87%	-54.33%	832.70%	-84.82%	-162.24%	-74.92%	-	-85.83%
Invested Capital Growth	-30.34%	9.54%	-40.95%	-2.81%	-15.29%	-0.48%	-2.99%	17.86%	5.36%	-	8.20%
Revenue Q/Q Growth	0.76%	0.18%	-3.76%	4.21%	-0.70%	2.07%	-5.47%	3.11%	2.66%	-	-0.59%
EBITDA Q/Q Growth	5.05%	-17.68%	-64.94%	3.56%	-12.27%	31.68%	-39.73%	14.19%	20.99%	-	8.51%
EBIT Q/Q Growth	5.38%	-21.20%	-69.28%	4.13%	-14.89%	38.91%	-29.52%	13.14%	18.86%	-	8.70%
NOPAT Q/Q Growth	-7.42%	-9.44%	36.69%	1.92%	-13.31%	40.20%	-22.19%	5.28%	14.00%	-	14.00%
Net Income Q/Q Growth	-134.72%	400.45%	-66.02%	137.67%	-13.17%	-25.41%	-76.35%	166.63%	147.76%	-	-47.17%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Cash Flow Q/Q Growth	9.93%	5.35%	-26.63%	28.73%	-86.74%	156.30%	135.94%	-7.50%	36.73%	-	-6.74%
Free Cash Flow Firm Q/Q Growth	-13.23%	-103.10%	4,913.12%	-84.46%	96.82%	-50.24%	-0.26%	-163.71%	179.32%	-	144.55%
Invested Capital Q/Q Growth	5.72%	-6.72%	3.36%	-4.66%	-7.85%	9.58%	0.76%	15.83%	-17.62%	-	-3.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.46%	7.56%	49.19%	67.55%	67.39%	-61.69%	57.03%	57.18%	56.96%	-	29.89%
EBITDA Margin	18.27%	15.01%	19.83%	19.71%	17.41%	22.46%	14.32%	15.86%	18.69%	-	16.54%
Operating Margin	14.82%	11.66%	16.30%	16.29%	13.96%	19.01%	14.17%	15.55%	18.00%	-	16.07%
EBIT Margin	14.82%	11.66%	16.30%	16.29%	13.96%	19.01%	14.17%	15.55%	18.00%	-	16.07%
Profit (Net Income) Margin	-13.48%	40.44%	14.28%	32.56%	28.47%	20.81%	5.21%	13.46%	32.50%	-	10.87%
Tax Burden Percent	74.10%	80.44%	81.70%	79.97%	81.46%	82.21%	90.75%	84.45%	81.00%	-	82.63%
Interest Burden Percent	-122.74%	431.10%	107.19%	249.95%	250.33%	133.18%	40.49%	102.54%	222.88%	-	81.86%
Effective Tax Rate	0.00%	19.56%	18.30%	20.03%	18.54%	17.79%	9.25%	15.55%	19.00%	-	17.37%
Return on Invested Capital (ROIC)	22.25%	28.66%	28.31%	38.67%	34.07%	46.64%	37.60%	36.30%	46.65%	-	38.27%
ROIC Less NNEP Spread (ROIC-NNEP)	28.86%	21.53%	28.07%	34.65%	30.61%	45.63%	39.00%	36.24%	43.56%	-	38.67%
Return on Net Nonoperating Assets (RNNOA)	-19.45%	-16.65%	-19.14%	-27.20%	-24.13%	-36.34%	-30.97%	-28.65%	-35.95%	-	-31.41%
Return on Equity (ROE)	2.80%	12.01%	9.17%	11.47%	9.94%	10.30%	6.62%	7.65%	10.70%	-	6.86%
Cash Return on Invested Capital (CROIC)	58.44%	23.65%	76.11%	38.66%	51.70%	40.22%	40.92%	19.59%	38.97%	-	29.77%
Operating Return on Assets (OROA)	5.39%	4.21%	5.82%	5.61%	4.77%	6.35%	4.71%	5.06%	5.65%	-	4.99%
Return on Assets (ROA)	-4.90%	14.60%	5.10%	11.21%	9.72%	6.95%	1.73%	4.39%	10.19%	-	3.38%
Return on Common Equity (ROCE)	2.75%	11.81%	9.04%	11.29%	9.84%	10.20%	6.58%	7.60%	10.66%	-	6.84%
Return on Equity Simple (ROE_SIMPLE)	14.78%	0.00%	12.99%	11.39%	17.10%	0.00%	12.44%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	9,672	8,759	11,972	12,202	10,578	14,830	11,538	12,148	13,848	10,907	12,435
NOPAT Margin	10.38%	9.38%	13.32%	13.03%	11.37%	15.62%	12.86%	13.13%	14.58%	-	13.27%
Net Nonoperating Expense Percent (NNEP)	-6.61%	7.13%	0.23%	4.02%	3.46%	1.01%	-1.40%	0.06%	3.09%	-	-0.40%
Return On Investment Capital (ROIC_SIMPLE)	-	1.26%	-	-	-	1.91%	1.47%	1.52%	1.67%	1.29%	1.45%
Cost of Revenue to Revenue	73.54%	92.44%	50.81%	32.45%	32.61%	161.69%	42.97%	42.82%	43.04%	-	70.11%
SG&A Expenses to Revenue	6.66%	11.35%	6.43%	6.86%	9.06%	9.85%	9.50%	9.82%	7.79%	-	7.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	11.64%	-4.10%	32.88%	51.26%	53.43%	-80.69%	42.86%	41.63%	38.96%	-	13.82%
Earnings before Interest and Taxes (EBIT)	13,817	10,888	14,653	15,258	12,986	18,039	12,714	14,384	17,097	13,845	15,049
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17,027	14,017	17,821	18,456	16,192	21,322	12,850	14,673	17,753	14,276	15,491
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.45	1.38	1.60	1.46	1.58	1.51	1.76	1.57	1.55	-	1.42
Price to Tangible Book Value (P/TBV)	1.86	1.76	1.99	1.80	1.92	1.84	2.14	1.91	1.87	-	1.70
Price to Revenue (P/Rev)	2.19	2.13	2.47	2.37	2.68	2.63	3.09	2.83	2.91	-	2.75
Price to Earnings (P/E)	9.96	8.07	12.43	12.94	9.28	10.99	14.20	16.66	16.08	-	14.26
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	10.04%	12.39%	8.04%	7.73%	10.77%	9.10%	7.04%	6.00%	6.22%	-	7.01%
Enterprise Value to Invested Capital (EV/IC)	2.78	2.73	3.65	3.25	4.21	3.65	4.95	3.62	4.24	-	3.26
Enterprise Value to Revenue (EV/Rev)	1.07	0.93	1.27	1.08	1.29	1.22	1.67	1.42	1.36	-	1.18
Enterprise Value to EBITDA (EV/EBITDA)	6.48	6.15	7.23	5.93	7.17	7.25	10.43	9.03	8.01	-	7.10
Enterprise Value to EBIT (EV/EBIT)	8.21	7.04	8.96	7.31	8.86	7.43	10.50	9.03	8.13	-	7.31
Enterprise Value to NOPAT (EV/NOPAT)	10.09	8.71	11.01	8.94	10.98	9.16	12.87	10.89	9.84	-	9.01
Enterprise Value to Operating Cash Flow (EV/OCF)	8.26	6.92	9.21	7.64	11.80	14.80	20.02	19.15	12.84	-	9.70
Enterprise Value to Free Cash Flow (EV/FCFF)	3.91	12.06	3.56	8.28	7.46	9.05	11.92	20.02	11.16	-	11.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.22	0.21	0.20	0.20	0.19	0.19	0.19	0.18	-	0.18
Long-Term Debt to Equity	0.23	0.22	0.21	0.20	0.20	0.19	0.19	0.19	0.18	-	0.18
Financial Leverage	-0.67	-0.77	-0.68	-0.79	-0.79	-0.80	-0.79	-0.79	-0.83	-	-0.81
Leverage Ratio	1.93	1.92	1.89	1.85	1.86	1.82	1.81	1.78	1.78	-	1.74
Compound Leverage Factor	-2.36	8.27	2.03	4.63	4.65	2.42	0.73	1.82	3.97	-	1.43
Debt to Total Capital	18.92%	18.35%	17.52%	16.90%	16.46%	16.07%	16.09%	15.93%	15.37%	-	15.02%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Long-Term Debt to Total Capital	18.92%	18.35%	17.52%	16.90%	16.46%	16.07%	16.09%	15.93%	15.37%	-	15.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	1.42%	1.36%	0.90%	0.86%	0.36%	0.29%	0.29%	0.29%	0.28%	-	0.26%
Common Equity to Total Capital	79.65%	80.29%	81.58%	82.24%	83.18%	83.64%	83.62%	83.78%	84.35%	-	84.72%
Debt to EBITDA	2.17	2.32	1.89	1.84	1.87	2.00	2.12	2.18	2.02	-	2.07
Net Debt to EBITDA	-6.98	-8.06	-6.90	-7.21	-7.80	-8.45	-8.95	-9.03	-9.21	-	-9.55
Long-Term Debt to EBITDA	2.17	2.32	1.89	1.84	1.87	2.00	2.12	2.18	2.02	-	2.07
Debt to NOPAT	3.38	3.28	2.87	2.77	2.87	2.52	2.62	2.64	2.48	-	2.63
Net Debt to NOPAT	-10.86	-11.41	-10.50	-10.86	-11.95	-10.67	-11.05	-10.90	-11.31	-	-12.12
Long-Term Debt to NOPAT	3.38	3.28	2.87	2.77	2.87	2.52	2.62	2.64	2.48	-	2.63
Altman Z-Score	2.15	2.01	2.39	2.16	2.24	2.30	2.47	2.46	2.39	-	2.32
Noncontrolling Interest Sharing Ratio	1.77%	1.69%	1.36%	1.57%	1.04%	0.96%	0.69%	0.67%	0.38%	-	0.33%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.16	0.61	1.31	0.63	0.59	0.64	0.63	0.89	0.79	-	0.70
Quick Ratio	1.04	0.49	1.20	0.52	0.49	0.53	0.52	0.78	0.68	-	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	67,914	-2,106	101,386	15,759	31,017	15,434	15,394	-9,808	7,780	-4,895	2,181
Operating Cash Flow to CapEx	257.76%	252.28%	240.52%	299.93%	38.35%	86.42%	254.68%	207.60%	246.85%	-	209.35%
Free Cash Flow to Firm to Interest Expense	53.90	-1.65	77.04	12.81	25.55	10.72	12.25	-7.83	6.17	-	1.68
Operating Cash Flow to Interest Expense	10.85	11.29	8.03	11.06	1.49	3.21	8.67	8.05	10.94	-	8.02
Operating Cash Flow Less CapEx to Interest Expense	6.64	6.81	4.69	7.37	-2.39	-0.50	5.27	4.17	6.51	-	4.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.36	0.36	0.34	0.34	0.33	0.33	0.33	0.31	-	0.31
Accounts Receivable Turnover	8.10	8.12	7.98	8.08	8.10	8.24	7.89	7.92	7.88	-	7.91
Inventory Turnover	10.27	10.44	11.05	9.58	8.09	10.42	10.80	10.66	9.45	-	10.49
Fixed Asset Turnover	1.73	1.76	1.74	1.73	1.71	1.69	1.68	1.65	1.64	-	1.61
Accounts Payable Turnover	4.97	5.11	5.19	4.42	3.51	4.70	4.80	4.68	4.08	-	4.59
Days Sales Outstanding (DSO)	45.08	44.94	45.73	45.15	45.06	44.29	46.29	46.07	46.29	-	46.13
Days Inventory Outstanding (DIO)	35.55	34.96	33.02	38.09	45.14	35.02	33.80	34.24	38.63	-	34.78
Days Payable Outstanding (DPO)	73.48	71.45	70.36	82.62	104.12	77.66	75.97	77.94	89.56	-	79.47
Cash Conversion Cycle (CCC)	7.15	8.45	8.39	0.62	-13.92	1.65	4.11	2.37	-4.64	-	1.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	133,715	124,734	128,930	122,919	113,276	124,130	125,074	144,875	119,344	139,901	135,328
Invested Capital Turnover	2.14	3.06	2.12	2.97	3.00	2.99	2.92	2.76	3.20	-	2.88
Increase / (Decrease) in Invested Capital	-58,242	10,865	-89,414	-3,557	-20,439	-604	-3,856	21,956	6,068	15,802	10,254
Enterprise Value (EV)	372,371	340,353	470,380	399,103	476,524	452,772	619,323	524,933	505,773	-	441,575
Market Capitalization	763,986	776,892	912,940	877,881	992,317	978,010	1,148,720	1,048,047	1,084,625	-	1,033,457
Book Value per Share	$401.43	$428.78	$264.52	$458.63	$474.50	$488.61	$488.92	$497.25	$506.25	$522.39	$523.11
Tangible Book Value per Share	$313.44	$336.72	$211.94	$372.35	$388.96	$399.44	$400.52	$409.16	$420.27	$437.29	$438.61
Total Capital	659,508	699,041	700,539	731,599	756,313	776,417	782,669	797,296	827,684	848,784	858,336
Total Debt	124,781	128,271	122,754	123,628	124,507	124,762	125,927	127,020	127,243	129,081	128,886
Total Long-Term Debt	124,781	128,271	122,754	123,628	124,507	124,762	125,927	127,020	127,243	129,081	128,886
Net Debt	-401,012	-446,036	-448,855	-485,052	-518,530	-527,525	-531,668	-525,401	-581,138	-579,802	-594,151
Capital Expenditures (CapEx)	5,303	5,708	4,393	4,535	4,701	5,347	4,281	4,858	5,586	6,202	4,986
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-122,832	-123,592	-121,119	-123,506	-129,256	-127,675	-124,828	-125,706	-125,318	-131,437	-127,839
Debt-free Net Working Capital (DFNWC)	34,409	-85,570	67,874	-81,182	-92,075	-79,946	-82,648	-25,220	-49,012	-79,560	-69,717
Net Working Capital (NWC)	34,409	-85,570	67,874	-81,182	-92,075	-79,946	-82,648	-25,220	-49,012	-79,560	-69,717
Net Nonoperating Expense (NNE)	22,239	-28,999	-860	-18,296	-15,902	-4,921	6,866	-309	-17,016	-8,360	2,256
Net Nonoperating Obligations (NNO)	-401,012	-446,036	-448,855	-485,052	-518,530	-527,525	-531,668	-525,401	-581,097	-579,802	-594,122
Total Depreciation and Amortization (D&A)	3,210	3,129	3,168	3,198	3,206	3,283	136	289	656	431	442
Debt-free, Cash-free Net Working Capital to Revenue	-35.18%	-33.91%	-32.83%	-33.37%	-34.94%	-34.37%	-33.62%	-33.96%	-33.68%	-	-34.05%
Debt-free Net Working Capital to Revenue	9.85%	-23.48%	18.40%	-21.93%	-24.89%	-21.52%	-22.26%	-6.81%	-13.17%	-	-18.57%
Net Working Capital to Revenue	9.85%	-23.48%	18.40%	-21.93%	-24.89%	-21.52%	-22.26%	-6.81%	-13.17%	-	-18.57%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($8,829.88)	$26,101.38	$8,830.88	$21,136.08	$18,284.18	$13,690.13	$3,202.13	$8,606.73	$21,427.28	$13,357.90	$7,031.68
Adjusted Weighted Average Basic Shares Outstanding	2.17B	2.17B	2.16B	2.16B	2.16B	2.16B	2.16B	2.16B	2.16B	2.16B	2.16B
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	1.31B	1.31B	1.31B	1.33B	1.33B	1.34B	1.34B	1.38B	1.37B	1.39B	1.40B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.31B	1.31B	1.31B	1.33B	1.33B	1.34B	1.34B	1.38B	1.37B	1.39B	1.40B
Normalized Net Operating Profit after Tax (NOPAT)	9,672	8,759	11,972	12,202	10,578	14,830	11,538	12,148	13,848	10,907	12,435
Normalized NOPAT Margin	10.38%	9.38%	13.32%	13.03%	11.37%	15.62%	12.86%	13.13%	14.58%	-	13.27%
Pre Tax Income Margin	-18.19%	50.27%	17.48%	40.72%	34.96%	25.31%	5.74%	15.94%	40.12%	-	13.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.97	8.53	11.13	12.40	10.70	12.53	10.11	11.48	13.56	-	11.57
NOPAT to Interest Expense	7.68	6.86	9.10	9.92	8.71	10.30	9.18	9.70	10.98	-	9.56
EBIT Less CapEx to Interest Expense	6.76	4.06	7.80	8.72	6.82	8.81	6.71	7.60	9.13	-	7.73
NOPAT Less CapEx to Interest Expense	3.47	2.39	5.76	6.23	4.84	6.59	5.77	5.82	6.55	-	5.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Augmented Payout Ratio	12.35%	9.44%	9.81%	9.11%	4.75%	3.26%	0.44%	0.00%	0.00%	-	0.32%

Financials Breakdown Chart

Key Financial Trends

Here are key observations from Berkshire Hathaway (BRK.B) quarterly filings for the last four years, focusing on cash flow, income statement, and balance sheet trends. The points below are geared for retail investors seeking a concise view of profitability, liquidity, and capital allocation.

Net income attributable to common shareholders in Q4 2025: $19.199B, indicating continued solid profitability at the bottom line.
Total pre-tax income in Q4 2025: $24.456B, supported by strong earnings before taxes in that quarter.
Net cash from continuing operating activities in Q4 2025: $11.192B, reflecting robust cash generation from operations in the quarter (improved versus Q4 2024).
Long-term investments on the balance sheet reached about $632.075B by Q3 2025, underscoring Berkshire’s ongoing large-scale investment activity and capital allocation engine.
Total assets expanded to approximately $1.226T by Q3 2025, showing scale growth over the period.
Total equity near $698.155B in Q3 2025, indicating a strong and sizable equity base.
Liquidity remains substantial, with cash & equivalents around $76.3B in Q3 2025 (and peaking above $100B earlier in 2025, per the quarterly series), highlighting ample cash reserves for opportunistic investments or balance-sheet needs.
Total gross profit for Q4 2025 is negative (-$44.105B), which is atypical for a traditional manufacturing-like view and appears tied to Berkshire’s conglomerate investment activities and non-operating items rather than core operating performance. This is a neutral signal about the mix of income and non-operating items rather than a pure profitability depressor for ongoing operations.
Large investment activity is evident, with substantial purchases of investments (and sizable sales) across quarters, leading to meaningful investing outflows (for example, Q4 2025 net cash used in investing activities about -$38.392B). This reflects Berkshire’s dynamic capital deployment and is neutral to positive depending on future investment performance.
Quarterly net change in cash was negative in Q3 2025 (-$24.542B), signaling liquidity outflow that quarter despite earnings strength. This underscores the volatility inherent in Berkshire’s investment-driven cash flows and large-scale capital moves.

05/09/26 10:26 AM ETAI Generated. May Contain Errors.

Berkshire Hathaway Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Berkshire Hathaway's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Berkshire Hathaway's net income appears to be on an upward trend, with a most recent value of $67.26 billion in 2025, rising from $24.41 billion in 2015. The previous period was $89.56 billion in 2024. Find out what analysts predict for Berkshire Hathaway in the coming months.

Berkshire Hathaway's total operating income in 2025 was $58.04 billion, based on the following breakdown:

Total Gross Profit: $114.07 billion
Total Operating Expenses: $56.03 billion

Over the last 10 years, Berkshire Hathaway's total revenue changed from $210.94 billion in 2015 to $371.44 billion in 2025, a change of 76.1%.

Berkshire Hathaway's total liabilities were at $502.47 billion at the end of 2025, a 0.0% increase from 2024, and a 71.1% increase since 2015.

In the past 10 years, Berkshire Hathaway's cash and equivalents has ranged from $28.05 billion in 2016 to $88.18 billion in 2021, and is currently $51.88 billion as of their latest financial filing in 2025.

Over the last 10 years, Berkshire Hathaway's book value per share changed from 204.58 in 2015 to 522.39 in 2025, a change of 155.4%.

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Financial statements for NYSE:BRK.A last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Berkshire Hathaway (BRK.A) Financials

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Berkshire Hathaway (BRK.A) Financials

Annual Income Statements for Berkshire Hathaway

Quarterly Income Statements for Berkshire Hathaway

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Quarterly Balance Sheets for Berkshire Hathaway

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Financials Breakdown Chart

Key Financial Trends

Berkshire Hathaway Financials - Frequently Asked Questions

When does Berkshire Hathaway's financial year end?

How has Berkshire Hathaway's net income changed over the last 10 years?

What is Berkshire Hathaway's operating income?

How has Berkshire Hathaway's revenue changed over the last 10 years?

How much debt does Berkshire Hathaway have?

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How has Berkshire Hathaway's book value per share changed over the last 10 years?

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