Berkshire Hathaway (BRK.A) Financials

$770,660.00 +11,560.00 (+1.52%)

As of 05/16/2025 04:10 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	88,995	96,223	-22,759	89,937	42,521	81,417	4,021	44,940	24,074	24,083
Consolidated Net Income / (Loss)	89,561	97,147	-21,998	90,949	43,253	81,792	4,322	45,353	24,427	24,414
Net Income / (Loss) Continuing Operations	89,561	97,147	-21,998	90,949	43,253	81,792	4,322	45,353	24,427	24,414
Total Pre-Tax Income	110,376	120,166	-30,500	111,861	55,693	102,696	4,001	23,838	33,667	34,946
Total Operating Income	60,936	48,341	39,888	36,605	18,373	32,874	32,476	23,082	27,995	38,583
Total Gross Profit	111,587	97,114	81,327	79,446	132,850	136,279	86,146	74,472	74,535	120,999
Total Revenue	371,433	364,482	302,020	276,185	245,579	254,616	247,837	239,933	215,114	210,943
Operating Revenue	371,433	364,482	302,020	276,185	245,579	254,616	247,837	239,933	215,114	209,969
Total Cost of Revenue	259,846	267,368	220,693	196,739	112,729	118,337	161,691	165,461	140,579	89,944
Operating Cost of Revenue	259,846	267,368	220,693	196,739	112,729	118,337	161,691	165,461	140,579	89,944
Total Operating Expenses	50,651	48,773	41,439	42,841	114,477	103,405	53,670	51,390	46,540	82,416
Selling, General & Admin Expense	29,985	29,474	24,490	24,458	24,605	23,228	17,856	19,189	17,973	15,309
Other Operating Expenses / (Income)	20,666	19,299	16,949	18,383	79,201	80,081	35,432	32,201	28,567	67,107
Total Other Income / (Expense), net	49,440	71,825	-70,388	75,256	37,320	69,822	-28,475	756	5,672	-3,637
Interest Expense	5,200	5,003	4,352	4,172	4,083	3,961	3,853	4,386	3,741	3,515
Interest & Investment Income	54,640	76,828	-66,036	886	657	1,176	-2,167	3,014	1,109	-122
Income Tax Expense	20,815	23,019	-8,502	20,912	12,440	20,904	-321	-21,515	9,240	10,532
Net Income / (Loss) Attributable to Noncontrolling Interest	566	924	761	1,012	732	375	301	413	353	331
Basic Earnings per Share	$61,941.27	$66,456.27	($15,504.33)	$59,593.70	$26,685.78	$49,861.22	$2,447.63	$27,326.00	$14,645.00	$14,656.00
Weighted Average Basic Shares Outstanding	2.16B	2.17B	2.20B	2.27B	2.39B	2.45B	2.47B	0.00	0.00	0.00
Weighted Average Diluted Shares Outstanding	1.34B	1.31B	1.30B	1.29B	1.34B	1.63M	1.64M	0.00	0.00	0.00
Weighted Average Basic & Diluted Shares Outstanding	1.34B	1.31B	1.30B	1.29B	1.34B	1.63M	1.64M	1.64M	1.64M	1.64M

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	4,603	19,694	26,251	30,348	12,702	37,574	-12,767	35,912	35,504	18,080	-2,798
Consolidated Net Income / (Loss)	4,672	19,751	26,480	30,498	12,832	37,758	-12,567	36,199	35,757	18,237	-2,698
Net Income / (Loss) Continuing Operations	4,672	19,751	26,480	30,498	12,832	37,758	-12,567	36,199	35,757	18,237	-2,698
Total Pre-Tax Income	5,148	24,025	32,508	38,137	15,706	46,938	-16,959	45,435	44,752	22,109	-4,258
Total Operating Income	12,714	18,039	12,986	15,258	14,653	10,888	13,817	13,112	10,524	7,880	9,884
Total Gross Profit	51,174	-58,553	62,672	63,262	44,206	7,057	24,666	24,163	41,228	3,201	19,313
Total Revenue	89,725	94,916	92,995	93,653	89,869	93,376	93,210	92,503	85,393	78,072	76,904
Operating Revenue	89,725	94,916	92,995	93,653	89,869	93,376	93,210	92,503	85,393	78,072	76,904
Total Cost of Revenue	38,551	153,469	30,323	30,391	45,663	86,319	68,544	68,340	44,165	74,871	57,591
Operating Cost of Revenue	38,551	153,469	30,323	30,391	45,663	86,319	68,544	68,340	44,165	74,871	57,591
Total Operating Expenses	38,460	-76,592	49,686	48,004	29,553	-3,831	10,849	11,051	30,704	-4,679	9,429
Selling, General & Admin Expense	8,527	9,352	8,428	6,427	5,778	10,598	6,209	6,194	6,473	8,406	5,388
Other Operating Expenses / (Income)	29,933	-85,944	41,258	41,577	23,775	-14,429	4,640	4,857	24,231	-13,085	4,041
Total Other Income / (Expense), net	-7,566	5,986	19,522	22,879	1,053	36,050	-30,776	32,323	34,228	14,229	-14,142
Interest Expense	1,257	1,440	1,214	1,230	1,316	1,276	1,260	1,249	1,218	1,139	1,092
Interest & Investment Income	-6,309	7,426	20,736	24,109	2,369	37,326	-29,516	33,572	35,446	-66,994	415
Income Tax Expense	476	4,274	6,028	7,639	2,874	9,180	-4,392	9,236	8,995	3,872	-1,560
Net Income / (Loss) Attributable to Noncontrolling Interest	69	57	229	150	130	184	200	287	253	157	100
Basic Earnings per Share	$3,202.13	$13,690.13	$18,284.18	$21,136.08	$8,830.88	$26,101.38	($8,829.88)	$24,791.52	$24,393.25	$12,300.20	($1,908.27)
Weighted Average Basic Shares Outstanding	2.16B	2.16B	2.16B	2.16B	2.16B	2.17B	2.17B	2.18B	2.19B	2.20B	2.20B
Weighted Average Diluted Shares Outstanding	1.34B	1.34B	1.33B	1.33B	1.31B	1.31B	1.31B	1.31B	1.30B	1.30B	1.30B
Weighted Average Basic & Diluted Shares Outstanding	1.34B	1.34B	1.33B	1.33B	1.31B	1.31B	1.31B	1.31B	1.30B	1.30B	1.30B

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	9,733	2,244	-52,307	40,310	-16,236	33,821	-1,401	3,569	-38,959	7,128
Net Cash From Operating Activities	30,592	49,196	37,350	39,427	39,773	38,687	37,400	45,728	32,647	31,491
Net Cash From Continuing Operating Activities	30,592	49,196	37,350	39,427	39,773	38,330	37,400	45,728	32,647	31,491
Net Income / (Loss) Continuing Operations	89,561	97,147	-21,998	90,949	43,253	81,792	4,322	45,353	24,427	24,414
Consolidated Net Income / (Loss)	89,561	97,147	-21,998	90,949	43,253	81,792	4,322	45,353	24,427	24,414
Depreciation Expense	12,855	12,486	10,899	10,718	10,596	10,064	9,779	9,188	8,901	7,779
Amortization Expense	-11,349	-5,510	-1,132	-	-	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	-52,617	-73,139	67,455	-76,850	-26,748	-70,670	28,080	-6,422	-7,106	-9,512
Changes in Operating Assets and Liabilities, net	-7,858	18,212	-17,874	14,610	12,672	17,144	-4,781	-2,391	6,425	8,810
Net Cash From Investing Activities	-10,287	-32,663	-87,601	29,392	-37,757	-5,621	-32,849	-41,009	-84,225	-28,001
Net Cash From Continuing Investing Activities	-10,287	-32,663	-87,601	29,392	-37,757	-5,621	-32,849	-41,009	-84,225	-28,001
Purchase of Property, Plant & Equipment	-18,976	-19,409	-15,464	-13,276	-13,012	-15,979	-14,537	-11,708	-12,954	-16,082
Acquisitions	-396	-8,604	-10,594	-456	-2,532	-1,683	-3,279	-2,708	-31,399	-10,160
Purchase of Investments	-536,079	-251,469	-251,852	-161,085	-238,590	-154,765	-185,054	-178,818	-113,076	-28,111
Sale and/or Maturity of Investments	545,359	246,134	190,070	203,439	220,338	168,032	171,521	155,566	73,398	25,874
Other Investing Activities, net	-195	685	239	770	-3,961	-1,226	-1,500	-3,341	-194	478
Net Cash From Financing Activities	-10,360	-14,405	-1,662	-28,508	-18,344	730	-5,812	-1,398	12,791	3,803
Net Cash From Continuing Financing Activities	-10,360	-14,405	-1,662	-28,508	-18,344	730	-5,812	-1,398	12,791	3,803
Repayment of Debt	-20,628	-15,458	-5,907	-8,367	-8,008	-7,964	-13,894	-9,135	-4,458	-6,079
Repurchase of Common Equity	-2,918	-9,171	-7,854	-27,061	-24,706	-4,850	-1,346	0.00	0.00	-
Issuance of Debt	13,186	10,224	12,099	6,920	14,370	13,544	9,428	7,737	17,249	9,882
Other Net Changes in Cash	-212	116	-394	-1.00	92	25	-140	248	-172	-

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-5,521	10,384	-5,079	6,911	-2,483	7,039	-19,049	18,151	-3,897	3,043	2,132
Net Cash From Operating Activities	10,903	4,621	1,803	13,602	10,566	14,400	13,669	12,434	8,693	10,311	11,682
Net Cash From Continuing Operating Activities	10,903	4,621	1,803	13,602	10,566	14,400	13,669	7,136	13,991	10,311	11,682
Net Income / (Loss) Continuing Operations	4,672	19,751	26,480	30,498	12,832	37,758	-12,567	36,199	35,757	18,237	-2,698
Consolidated Net Income / (Loss)	4,672	19,751	26,480	30,498	12,832	37,758	-12,567	36,199	35,757	18,237	-2,698
Depreciation Expense	3,265	3,283	3,206	3,198	3,168	3,129	3,210	3,096	3,051	2,758	2,728
Amortization Expense	-3,129	-	-	-	-	-	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	9,559	-2,309	-21,267	-25,973	-3,068	-33,238	28,136	-33,844	-34,193	-14,000	12,648
Changes in Operating Assets and Liabilities, net	-3,464	-4,755	-6,616	5,879	-2,366	12,261	-5,110	1,685	9,376	4,448	-996
Net Cash From Investing Activities	-16,401	4,268	-3,904	-7,448	-3,203	-7,351	-28,048	10,655	-7,919	-6,092	-7,336
Net Cash From Continuing Investing Activities	-16,401	4,268	-3,904	-7,448	-3,203	-7,351	-28,048	10,655	-7,919	-6,092	-7,336
Purchase of Property, Plant & Equipment	-4,281	-5,347	-4,701	-4,535	-4,393	-5,708	-5,303	-4,685	-3,713	-4,557	-4,074
Purchase of Investments	-161,905	-145,046	-157,222	-127,953	-105,858	-63,824	-81,143	-58,114	-48,388	-46,247	-47,981
Sale and/or Maturity of Investments	149,583	154,485	158,253	125,083	107,538	62,144	58,351	74,010	51,629	55,217	44,491
Other Investing Activities, net	202	210	-214	-28	-163	77	95	331	182	-94	308
Net Cash From Financing Activities	53	1,653	-3,065	854	-9,802	-136	-4,636	289	-9,922	-1,351	-1,918
Net Cash From Continuing Financing Activities	53	1,653	-3,065	854	-9,802	-136	-4,636	289	-9,922	-1,351	-1,918
Repayment of Debt	-1,885	-5,634	-655	-2,015	-12,324	-1,596	-6,066	-1,226	-6,570	-676	-868
Repurchase of Common Equity	0.00	-	-	-356	-2,562	-2,193	-1,128	-1,400	-4,450	-2,608	-1,055
Issuance of Debt	1,938	7,287	-2,410	3,225	5,084	3,653	2,558	2,915	1,098	1,933	5.00
Other Net Changes in Cash	-76	-158	87	-97	-44	126	-34	71	-47	175	-296

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	1,153,881	1,069,978	948,465	958,784	873,729	817,729	707,794	702,095	486,019	540,341
Total Current Assets	143,422	134,820	220,649	240,246	229,419	216,479	182,398	162,712	152,626	121,060
Cash & Equivalents	47,729	38,022	35,811	88,184	47,990	64,175	30,361	31,583	28,048	67,161
Note & Lease Receivable	27,798	24,681	23,208	20,751	19,201	17,527	-	-	-	-
Accounts Receivable	43,887	46,261	43,490	35,388	32,310	32,418	31,564	29,392	27,097	23,303
Inventories, net	24,008	25,856	25,366	20,954	19,208	19,852	19,069	17,366	15,727	-
Plant, Property, & Equipment, net	222,929	216,593	196,965	191,282	187,017	174,341	166,706	158,219	152,773	145,166
Total Noncurrent Assets	787,530	718,565	530,851	527,256	457,293	426,909	358,690	381,164	180,620	274,115
Long-Term Investments	604,558	536,285	361,971	366,764	298,473	265,532	190,082	212,917	15,345	155,725
Noncurrent Note & Lease Receivables	4,503	4,999	4,795	4,177	3,542	3,417	19,946	17,279	13,300	12,772
Goodwill	83,880	84,626	78,119	73,875	73,734	81,882	81,025	81,258	79,486	62,708
Intangible Assets	34,638	35,884	29,187	28,486	29,462	31,051	31,499	32,518	33,481	9,148
Other Noncurrent Operating Assets	59,951	56,771	56,779	53,954	52,082	45,027	36,138	37,192	39,008	33,762
Total Liabilities & Shareholders' Equity	1,153,881	1,069,978	948,465	958,784	873,729	817,729	707,794	702,095	620,854	552,257
Total Liabilities	502,226	499,208	466,784	443,854	422,393	389,166	355,294	350,141	335,426	293,630
Total Current Liabilities	223,368	220,390	210,893	113,288	113,785	110,791	180,291	115,237	83,863	48,418
Accounts Payable	55,715	54,863	49,816	46,072	45,568	42,319	37,186	35,903	35,042	31,271
Current Deferred Revenue	9,356	8,253	6,820	5,849	5,856	5,281	4,593	0.00	-	-
Other Current Liabilities	158,297	157,274	154,257	61,367	62,361	63,191	138,512	77,162	45,931	13,311
Total Noncurrent Liabilities	278,858	278,818	255,891	330,566	308,608	278,375	175,003	234,904	251,563	245,212
Long-Term Debt	124,762	128,271	122,744	114,262	116,895	103,368	97,490	102,587	101,644	84,289
Noncurrent Deferred & Payable Income Tax Liabilities	85,870	93,009	77,368	-	-	-	51,375	-	-	-
Other Noncurrent Operating Liabilities	68,226	57,538	55,779	39,397	37,761	35,189	26,138	75,710	19,098	24,653
Redeemable Noncontrolling Interest	0.00	3,261	0.00	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	651,655	567,509	481,681	514,930	451,336	428,563	352,500	351,954	285,428	258,627
Total Preferred & Common Equity	649,368	561,273	473,424	506,199	443,164	424,791	348,703	348,296	282,070	255,550
Total Common Equity	649,368	561,273	473,424	506,199	443,164	424,791	348,703	348,296	282,070	255,550
Common Stock	35,673	34,488	35,175	35,600	35,634	35,666	35,715	35,702	35,689	35,628
Retained Earnings	696,218	607,350	511,127	534,421	444,626	402,493	321,112	255,786	210,846	187,703
Treasury Stock	-78,939	-76,802	-67,826	-59,795	-32,853	-8,125	-3,109	-1,763	-1,763	-1,763
Accumulated Other Comprehensive Income / (Loss)	-3,584	-3,763	-5,052	-4,027	-4,243	-5,243	-5,015	58,571	37,298	33,982
Noncontrolling Interest	2,287	6,236	8,257	8,731	8,172	3,772	3,797	3,658	3,358	3,077

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	1,164,532	1,153,881	1,147,251	1,108,860	1,070,035	1,069,978	1,019,933	1,041,573	997,072	948,465	902,296
Total Current Assets	141,746	143,422	133,362	137,874	284,870	134,820	251,883	241,792	247,499	220,649	215,139
Cash & Equivalents	42,180	47,729	37,181	42,324	35,549	38,022	30,840	50,055	26,747	35,811	32,626
Note & Lease Receivable	28,131	27,798	27,106	26,085	25,435	24,681	24,009	23,530	23,144	23,208	22,094
Accounts Receivable	47,401	43,887	45,458	45,967	46,772	46,261	45,878	45,590	45,674	43,490	40,383
Inventories, net	24,034	24,008	23,617	23,498	23,670	25,856	24,755	25,295	25,499	25,366	25,102
Plant, Property, & Equipment, net	224,758	222,929	222,272	219,469	217,500	216,593	211,498	209,188	205,855	196,965	192,989
Total Noncurrent Assets	798,028	787,530	791,617	751,517	567,665	718,565	556,552	590,593	543,718	530,851	494,168
Long-Term Investments	615,415	604,558	605,856	566,356	382,616	536,285	368,552	403,255	354,564	361,971	334,881
Noncurrent Note & Lease Receivables	4,291	4,503	6,588	6,502	6,063	4,999	6,848	6,067	6,814	4,795	4,985
Goodwill	84,007	83,880	84,608	84,411	84,549	84,626	85,652	85,853	83,502	78,119	73,335
Intangible Assets	34,331	34,638	28,797	28,788	29,045	35,884	29,495	29,819	30,001	29,187	27,738
Other Noncurrent Operating Assets	59,984	59,951	65,768	65,460	65,392	56,771	66,005	65,599	68,837	56,779	53,229
Total Liabilities & Shareholders' Equity	1,164,532	1,153,881	1,147,251	1,108,860	1,070,035	1,069,978	1,019,933	1,041,573	997,072	948,465	902,296
Total Liabilities	507,790	502,226	515,445	500,889	492,250	499,208	485,206	489,812	480,812	466,784	438,549
Total Current Liabilities	224,394	223,368	225,437	219,056	216,996	220,390	217,474	213,927	124,999	210,893	117,680
Accounts Payable	55,006	55,715	56,493	53,597	52,232	54,863	55,077	52,233	52,525	49,816	47,971
Current Deferred Revenue	9,509	9,356	8,941	8,442	8,375	8,253	7,549	7,375	7,052	6,820	6,165
Other Current Liabilities	159,879	158,297	160,003	157,017	156,389	157,274	154,848	154,319	65,422	154,257	63,544
Total Noncurrent Liabilities	283,396	278,858	290,008	281,833	275,254	278,818	267,732	275,885	355,813	255,891	320,869
Long-Term Debt	125,927	124,762	124,507	123,628	122,754	128,271	124,781	125,347	123,624	122,744	116,496
Asset Retirement Reserve & Litigation Obligation	7,047	-	-	-	-	-	-	-	107,957	-	91,642
Noncurrent Deferred & Payable Income Tax Liabilities	86,002	85,870	92,107	101,414	95,651	93,009	85,793	93,011	-	77,368	-
Other Noncurrent Operating Liabilities	64,420	68,226	73,394	56,791	56,849	57,538	57,158	57,527	38,026	55,779	38,576
Total Equity & Noncontrolling Interests	656,742	651,655	631,806	607,971	577,785	567,509	531,497	548,551	513,077	481,681	463,747
Total Preferred & Common Equity	654,471	649,368	629,069	601,697	571,490	561,273	525,330	539,883	504,554	473,424	455,430
Total Common Equity	654,471	649,368	629,069	601,697	571,490	561,273	525,330	539,883	504,554	473,424	455,430
Common Stock	35,673	35,673	35,486	34,999	34,990	34,488	34,481	35,148	35,164	35,175	35,198
Retained Earnings	700,821	696,218	676,524	650,273	619,925	607,350	569,776	582,543	546,631	511,127	493,438
Treasury Stock	-78,939	-78,939	-79,249	-79,720	-79,375	-76,802	-74,655	-73,568	-72,265	-67,826	-64,972
Accumulated Other Comprehensive Income / (Loss)	-3,084	-3,584	-3,692	-3,855	-4,050	-3,763	-4,272	-4,240	-4,976	-5,052	-8,234
Noncontrolling Interest	2,271	2,287	2,737	6,274	6,295	6,236	6,167	8,668	8,523	8,257	8,317

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.91%	20.68%	9.35%	12.46%	-3.55%	2.74%	3.29%	11.54%	1.98%	8.34%
EBITDA Growth	12.88%	11.40%	-60.55%	80.54%	-69.83%	483.56%	-84.88%	-27.75%	94.99%	-80.37%
EBIT Growth	26.05%	21.19%	-65.36%	94.77%	-71.98%	2,515.63%	-120.50%	-42.85%	176.32%	-69.95%
NOPAT Growth	26.52%	39.97%	-6.18%	108.58%	-72.75%	0.00%	-20.11%	8.10%	101.42%	53.19%
Net Income Growth	-7.81%	541.62%	-124.19%	110.27%	-47.12%	1,792.46%	-180.94%	171.34%	0.11%	42.08%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	86.59%	-0.08%	42.41%
Operating Cash Flow Growth	-37.82%	31.72%	-5.27%	-0.87%	2.81%	3.44%	-18.21%	80.14%	207.34%	21.49%
Free Cash Flow Firm Growth	77.38%	-72.76%	307.76%	-87.43%	0.00%	0.00%	-26.12%	258.54%	-471.79%	196.44%
Invested Capital Growth	-0.48%	9.54%	-39.92%	2.36%	-50.36%	-33.80%	-65.26%	-58.85%	43.56%	-47.37%
Revenue Q/Q Growth	0.42%	4.38%	2.08%	2.77%	-0.37%	1.31%	2.02%	7.75%	-1.92%	3.53%
EBITDA Q/Q Growth	-6.08%	-3.71%	380.97%	3.01%	14.50%	289.23%	-129.18%	45.32%	29.97%	5.78%
EBIT Q/Q Growth	13.30%	6.64%	7,741.38%	3.48%	16.98%	376.45%	-156.80%	27.84%	2.73%	6.90%
NOPAT Q/Q Growth	13.91%	5.88%	-3.45%	9.05%	3.64%	-6.22%	-117.82%	465.88%	-45.81%	24.45%
Net Income Q/Q Growth	-16.74%	25.15%	-6,427.60%	4.49%	18.98%	201.03%	-186.14%	276.10%	6.84%	11.51%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	281.22%	3.45%	5.80%
Operating Cash Flow Q/Q Growth	-24.22%	9.07%	7.22%	-6.51%	-3.71%	3.29%	15.04%	3.01%	1.32%	-0.40%
Free Cash Flow Firm Q/Q Growth	-21.61%	-70.35%	404.48%	145.81%	34.21%	0.00%	154.10%	-9.98%	0.00%	-32.62%
Invested Capital Q/Q Growth	9.58%	-6.72%	-40.68%	3.24%	83.64%	113.89%	-35.17%	11.65%	15.56%	107.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.04%	26.64%	26.93%	28.77%	54.10%	53.52%	69.52%	62.08%	69.30%	57.36%
EBITDA Margin	16.81%	15.18%	16.44%	45.57%	28.39%	90.76%	15.98%	14.34%	42.02%	21.98%
Operating Margin	16.41%	13.26%	13.21%	13.25%	7.48%	12.91%	13.10%	9.62%	26.03%	36.58%
EBIT Margin	16.41%	13.26%	13.21%	41.69%	24.07%	82.86%	8.09%	21.01%	33.75%	36.58%
Profit (Net Income) Margin	24.11%	26.65%	-7.28%	32.93%	17.61%	131.83%	3.49%	37.80%	22.71%	11.57%
Tax Burden Percent	81.14%	80.84%	72.12%	81.31%	77.66%	160.21%	0.00%	408.05%	0.00%	139.72%
Interest Burden Percent	181.13%	248.58%	-76.46%	97.15%	94.20%	194.72%	79.85%	194.56%	227.39%	190.23%
Effective Tax Rate	18.86%	19.16%	0.00%	18.69%	22.34%	40.71%	-16.05%	-180.51%	54.89%	30.14%
Return on Invested Capital (ROIC)	39.74%	32.76%	18.41%	15.89%	5.11%	23.65%	37.84%	44.39%	27.71%	12.87%
ROIC Less NNEP Spread (ROIC-NNEP)	31.50%	18.49%	32.81%	-4.80%	-6.29%	-5.42%	52.69%	13.77%	20.62%	35.26%
Return on Net Nonoperating Assets (RNNOA)	-25.08%	-14.30%	-22.82%	2.94%	3.64%	662.42%	-39.88%	-13.97%	-5.13%	-13.31%
Return on Equity (ROE)	14.65%	18.46%	-4.41%	18.82%	8.75%	31.21%	-11.65%	7.67%	17.96%	13.43%
Cash Return on Invested Capital (CROIC)	40.22%	23.65%	68.28%	13.56%	72.43%	-58.16%	118.86%	29.99%	-208.64%	149.86%
Operating Return on Assets (OROA)	5.48%	4.79%	4.18%	12.57%	6.99%	27.66%	2.84%	4.24%	14.15%	14.62%
Return on Assets (ROA)	8.05%	9.63%	-2.31%	9.93%	5.11%	10.72%	0.61%	15.27%	9.52%	9.25%
Return on Common Equity (ROCE)	14.51%	18.15%	-4.34%	18.50%	8.63%	30.91%	-11.53%	15.17%	17.75%	13.27%
Return on Equity Simple (ROE_SIMPLE)	13.79%	17.31%	-4.65%	17.97%	9.76%	38.51%	2.48%	26.04%	17.32%	19.11%
Net Operating Profit after Tax (NOPAT)	49,445	39,081	27,922	29,762	14,269	52,365	35,082	43,915	40,623	26,955
NOPAT Margin	13.31%	10.72%	9.25%	10.78%	5.81%	20.57%	14.16%	36.61%	18.88%	25.56%
Net Nonoperating Expense Percent (NNEP)	8.24%	14.27%	-14.40%	20.69%	11.41%	39.95%	-18.46%	4.74%	8.95%	-4.04%
Return On Investment Capital (ROIC_SIMPLE)	6.37%	5.62%	4.62%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	69.96%	73.36%	73.07%	71.23%	45.90%	46.48%	130.48%	137.92%	130.70%	85.28%
SG&A Expenses to Revenue	8.07%	8.09%	8.11%	8.86%	10.02%	32.56%	14.41%	8.00%	16.71%	14.51%
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	13.64%	13.38%	13.72%	15.51%	46.62%	81.22%	44.87%	21.42%	43.27%	79.81%
Earnings before Interest and Taxes (EBIT)	60,936	48,341	39,888	115,147	59,119	210,962	20,042	50,420	72,598	38,583
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	62,442	55,317	49,655	125,865	69,715	231,090	39,600	68,796	90,400	46,362
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.51	1.38	1.44	1.32	1.23	1.30	1.44	1.40	1.42	1.27
Price to Tangible Book Value (P/TBV)	1.84	1.76	1.86	1.66	1.60	1.78	2.13	2.09	2.38	1.77
Price to Revenue (P/Rev)	2.63	2.13	2.26	2.42	2.21	2.17	2.03	2.04	1.87	1.54
Price to Earnings (P/E)	10.99	8.07	0.00	7.44	12.79	6.80	124.99	10.89	16.68	13.51
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	9.10%	12.39%	0.00%	13.44%	7.82%	14.70%	0.80%	9.19%	5.99%	7.40%
Enterprise Value to Invested Capital (EV/IC)	3.65	2.73	2.83	1.38	1.14	1.33	2.20	1.46	1.85	1.13
Enterprise Value to Revenue (EV/Rev)	1.22	0.93	1.07	0.95	0.86	0.98	1.14	1.12	1.79	0.77
Enterprise Value to EBITDA (EV/EBITDA)	7.25	6.15	6.49	2.08	3.03	2.15	14.24	7.81	8.50	3.52
Enterprise Value to EBIT (EV/EBIT)	7.43	7.04	8.08	2.28	3.58	2.36	28.14	10.66	10.59	4.22
Enterprise Value to NOPAT (EV/NOPAT)	9.16	8.71	11.55	8.81	14.83	9.50	8.04	6.12	18.92	6.05
Enterprise Value to Operating Cash Flow (EV/OCF)	14.80	6.92	8.63	6.65	5.32	6.43	7.54	5.88	11.77	5.18
Enterprise Value to Free Cash Flow (EV/FCFF)	9.05	12.06	3.11	10.32	1.05	0.00	1.91	2.99	0.00	3.48
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.19	0.22	0.25	0.22	0.26	0.00	0.55	0.30	0.73	0.68
Long-Term Debt to Equity	0.19	0.22	0.25	0.22	0.26	0.48	0.00	0.58	0.71	0.33
Financial Leverage	-0.80	-0.77	-0.70	-0.61	-0.58	-1.77	-1.59	-0.51	0.00	-0.88
Leverage Ratio	1.82	1.92	1.91	1.90	1.92	3.91	4.00	3.94	0.00	4.25
Compound Leverage Factor	3.30	4.77	-1.46	1.84	1.81	3.80	0.00	0.00	4.28	3.85
Debt to Total Capital	16.07%	18.35%	20.31%	18.16%	20.57%	38.87%	43.33%	0.00%	53.61%	50.83%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.95%	1.48%	2.21%
Long-Term Debt to Total Capital	16.07%	18.35%	20.31%	18.16%	20.57%	38.87%	0.00%	45.03%	52.13%	24.31%
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	0.29%	1.36%	1.37%	1.39%	1.44%	1.42%	0.00%	1.61%	1.72%	1.77%
Common Equity to Total Capital	83.64%	80.29%	78.33%	80.45%	77.99%	159.72%	0.00%	152.89%	144.67%	147.40%
Debt to EBITDA	2.00	2.32	2.47	0.91	1.68	1.79	11.04	3.05	5.40	4.76
Net Debt to EBITDA	-8.45	-8.06	-7.41	-3.30	-4.88	-5.35	-22.66	-13.03	-0.91	-6.53
Long-Term Debt to EBITDA	2.00	2.32	2.47	0.91	1.68	1.81	11.04	5.96	4.95	4.55
Debt to NOPAT	2.52	3.28	4.40	3.84	8.19	8.29	6.02	5.08	11.09	6.54
Net Debt to NOPAT	-10.67	-11.41	-13.17	-13.97	-23.85	-23.59	-12.79	-10.21	-2.03	-6.13
Long-Term Debt to NOPAT	2.52	3.28	4.40	3.84	8.19	8.29	6.02	4.67	10.01	6.57
Altman Z-Score	2.43	2.12	2.10	2.53	2.15	4.87	3.77	1.89	4.37	1.94
Noncontrolling Interest Sharing Ratio	0.96%	1.69%	1.70%	1.75%	1.36%	0.00%	0.00%	0.00%	2.37%	2.37%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.64	0.61	1.05	2.12	2.02	3.91	0.00	0.00	0.00	2.50
Quick Ratio	0.53	0.49	0.93	1.94	1.85	3.55	1.81	2.52	3.26	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	50,049	28,216	103,571	25,400	202,145	0.00	295,387	179,721	-323,263	156,971
Operating Cash Flow to CapEx	161.21%	253.47%	241.53%	296.98%	305.66%	242.11%	514.55%	390.57%	504.05%	391.63%
Free Cash Flow to Firm to Interest Expense	9.62	5.64	23.80	6.09	49.51	0.00	76.66	20.49	-87.63	89.31
Operating Cash Flow to Interest Expense	5.88	9.83	8.58	9.45	9.74	19.53	9.71	20.85	8.73	8.96
Operating Cash Flow Less CapEx to Interest Expense	2.23	5.95	5.03	6.27	6.55	11.47	5.93	7.76	5.26	8.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.36	0.32	0.30	0.29	0.33	0.70	0.40	0.84	0.80
Accounts Receivable Turnover	8.24	8.12	7.66	8.16	7.59	15.92	16.26	16.99	17.07	18.69
Inventory Turnover	10.42	10.44	9.53	9.80	5.77	14.70	17.75	20.00	0.00	0.00
Fixed Asset Turnover	1.69	1.76	1.56	1.46	1.36	2.99	3.10	1.54	2.99	3.09
Accounts Payable Turnover	4.70	5.11	4.60	4.29	2.57	7.17	8.85	9.33	4.24	2.91
Days Sales Outstanding (DSO)	44.29	44.94	47.66	44.73	48.10	188.21	92.37	42.97	42.76	78.13
Days Inventory Outstanding (DIO)	35.02	34.96	38.30	37.26	63.24	60.02	41.12	36.50	35.89	44.95
Days Payable Outstanding (DPO)	77.66	71.45	79.29	85.01	142.28	245.23	164.99	156.50	172.18	250.90
Cash Conversion Cycle (CCC)	1.65	8.45	6.67	-3.02	-30.95	-33.46	3.52	5.12	-50.77	-127.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	124,130	124,734	113,869	189,518	185,156	373,032	256,286	368,898	414,844	144,480
Invested Capital Turnover	2.99	3.06	1.99	1.47	0.88	6.15	1.00	0.80	2.94	3.04
Increase / (Decrease) in Invested Capital	-604	10,865	-75,649	4,362	-187,876	233,492	-107,666	-50,256	540,728	-130,016
Enterprise Value (EV)	452,772	340,353	322,366	262,198	211,573	248,616	282,040	268,795	384,389	162,995
Market Capitalization	978,010	776,892	681,921	669,122	543,679	553,690	502,600	978,497	401,644	325,275
Book Value per Share	$488.61	$428.78	$363.45	$388.16	$323.10	$613.81	$511.47	$520.76	$437.37	$204.58
Tangible Book Value per Share	$399.44	$336.72	$281.07	$309.67	$247.86	$191,087.19	$346.42	$146,750.32	$262.21	$147.05
Total Capital	776,417	699,041	604,425	629,192	568,231	1,063,862	899,980	913,426	779,924	346,752
Total Debt	124,762	128,271	122,744	114,262	116,895	206,736	194,980	209,518	209,068	88,125
Total Long-Term Debt	124,762	128,271	122,744	114,262	116,895	206,736	194,980	205,174	203,288	84,289
Net Debt	-527,525	-446,036	-367,812	-415,655	-340,278	-308,846	-448,714	-224,112	-41,226	-165,357
Capital Expenditures (CapEx)	18,976	19,409	15,464	13,276	13,012	31,958	29,074	23,416	25,908	16,082
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-127,675	-123,592	-118,829	-36,195	-43,066	-40,994	-259,316	-132,614	-76,298	-21,279
Debt-free Net Working Capital (DFNWC)	-79,946	-85,570	9,756	126,958	115,634	211,376	4,214	99,294	143,306	76,478
Net Working Capital (NWC)	-79,946	-85,570	9,756	126,958	115,634	211,376	4,214	47,475	137,526	72,642
Net Nonoperating Expense (NNE)	-40,116	-58,066	49,920	-61,187	-28,984	-111,219	61,519	-2,877	-8,231	2,541
Net Nonoperating Obligations (NNO)	-527,525	-446,036	-367,812	-325,412	-266,180	-242,047	-448,714	-335,010	-156,012	-114,147
Total Depreciation and Amortization (D&A)	1,506	6,976	9,767	10,718	10,596	20,128	19,558	18,376	17,802	7,779
Debt-free, Cash-free Net Working Capital to Revenue	-34.37%	-33.91%	-39.34%	-13.11%	-17.54%	-32.20%	-104.63%	-27.64%	-35.47%	-20.18%
Debt-free Net Working Capital to Revenue	-21.52%	-23.48%	3.23%	45.97%	47.09%	83.02%	1.70%	41.38%	33.31%	72.51%
Net Working Capital to Revenue	-21.52%	-23.48%	3.23%	45.97%	47.09%	83.02%	0.85%	19.79%	63.93%	68.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$61,941.27	$66,456.27	($15,545.36)	$59,499.64	$26,685.78	$49,894.44	$4,893.63	$27,326.00	$14,645.00	$14,656.00
Adjusted Weighted Average Basic Shares Outstanding	2.16B	2.17B	2.20B	2.27B	2.39B	2.45B	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$49,828.00	$2,446.00	$27,326.00	$14,645.00	$14,656.00
Adjusted Weighted Average Diluted Shares Outstanding	1.34B	1.31B	1.30B	1.29B	1.34B	0.00	1.37B	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$49,828.00	$2,446.00	$27,326.00	$14,645.00	$14,656.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.34B	1.31B	1.30B	1.29B	1.34B	3.27M	1.38B	1.64M	1.64M	1.64M
Normalized Net Operating Profit after Tax (NOPAT)	49,445	39,081	27,922	29,762	22,557	52,518	23,001	0.00	0.00	26,955
Normalized NOPAT Margin	13.31%	10.72%	9.25%	10.78%	9.19%	20.63%	18.56%	13.47%	18.88%	12.78%
Pre Tax Income Margin	29.72%	32.97%	-10.10%	40.50%	22.68%	80.67%	4.10%	9.94%	31.30%	33.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.72	9.66	9.17	27.60	14.48	123.77	2.60	11.50	19.41	21.95
NOPAT to Interest Expense	9.51	7.81	6.42	7.13	3.49	13.22	9.11	20.03	5.43	15.34
EBIT Less CapEx to Interest Expense	8.07	5.78	5.61	24.42	11.29	22.60	-1.17	6.16	12.48	12.80
NOPAT Less CapEx to Interest Expense	5.86	3.93	2.86	3.95	0.31	5.15	5.33	7.34	1.97	6.19
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	3.26%	9.44%	-35.70%	29.75%	57.12%	11.86%	62.29%	0.00%	0.00%	0.00%

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.16%	1.65%	-0.23%	1.24%	5.24%	19.60%	21.20%	21.39%	20.54%	8.60%	8.96%
EBITDA Growth	-19.25%	52.12%	-4.90%	13.87%	31.28%	31.76%	2,096.13%	131.34%	31.10%	-79.82%	-105.39%
EBIT Growth	-13.23%	65.68%	-6.01%	16.37%	39.23%	38.17%	485.84%	124.09%	37.53%	-84.24%	-127.21%
NOPAT Growth	-3.62%	69.32%	9.37%	16.80%	42.37%	34.75%	39.79%	19.45%	6.48%	-15.87%	-1.54%
Net Income Growth	-63.59%	-47.69%	310.71%	-15.75%	-64.11%	107.04%	-365.79%	183.71%	526.77%	-54.45%	-125.35%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	3.19%	-67.91%	-86.81%	9.39%	21.55%	39.66%	17.01%	45.75%	27.35%	32.18%	-3.19%
Free Cash Flow Firm Growth	-84.82%	832.70%	-54.33%	-79.87%	650.85%	-102.56%	4,719.36%	197.19%	76.10%	2,341.76%	98.06%
Invested Capital Growth	-2.99%	-0.48%	-15.29%	-2.81%	-40.95%	9.54%	-30.34%	-34.91%	14.00%	-39.92%	4.57%
Revenue Q/Q Growth	-5.47%	2.07%	-0.70%	4.21%	-3.76%	0.18%	0.76%	8.33%	9.38%	1.52%	0.92%
EBITDA Q/Q Growth	-39.73%	31.68%	-12.27%	3.56%	-64.94%	-17.68%	5.05%	19.40%	-45.92%	1,347.13%	98.35%
EBIT Q/Q Growth	-29.52%	38.91%	-14.89%	4.13%	-69.28%	-21.20%	5.38%	24.59%	-52.90%	320.05%	93.42%
NOPAT Q/Q Growth	-22.19%	40.20%	-13.31%	1.92%	36.69%	-9.44%	-7.42%	24.24%	29.37%	-6.05%	-20.89%
Net Income Q/Q Growth	-76.35%	-25.41%	-13.17%	137.67%	-66.02%	400.45%	-134.72%	1.24%	96.07%	775.95%	93.76%
EPS Q/Q Growth	0.00%	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	135.94%	156.30%	-86.74%	28.73%	-26.63%	5.35%	9.93%	43.03%	-15.69%	-11.74%	36.94%
Free Cash Flow Firm Q/Q Growth	-0.26%	-50.24%	96.82%	-84.46%	4,913.12%	-103.10%	-13.23%	525.26%	-122.40%	5,687.60%	98.17%
Invested Capital Q/Q Growth	0.76%	9.58%	-7.85%	-4.66%	3.36%	-6.72%	5.72%	-42.07%	91.75%	-40.68%	-1.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.03%	-61.69%	67.39%	67.55%	49.19%	7.56%	26.46%	26.12%	48.28%	4.10%	25.11%
EBITDA Margin	14.32%	22.46%	17.41%	19.71%	19.83%	15.01%	18.27%	17.52%	15.90%	13.63%	-1.11%
Operating Margin	14.17%	19.01%	13.96%	16.29%	16.30%	11.66%	14.82%	14.17%	12.32%	10.09%	12.85%
EBIT Margin	14.17%	19.01%	13.96%	16.29%	16.30%	11.66%	14.82%	14.17%	12.32%	10.09%	-4.66%
Profit (Net Income) Margin	5.21%	20.81%	28.47%	32.56%	14.28%	40.44%	-13.48%	39.13%	41.87%	23.36%	-3.51%
Tax Burden Percent	90.75%	82.21%	81.46%	79.97%	81.70%	80.44%	74.10%	79.67%	79.90%	82.49%	63.36%
Interest Burden Percent	40.49%	133.18%	250.33%	249.95%	107.19%	431.10%	-122.74%	346.51%	425.24%	280.57%	118.91%
Effective Tax Rate	9.25%	17.79%	18.54%	20.03%	18.30%	19.56%	0.00%	20.33%	20.10%	17.51%	0.00%
Return on Invested Capital (ROIC)	37.60%	46.64%	34.07%	38.67%	28.31%	28.66%	22.25%	23.44%	15.21%	16.58%	14.18%
ROIC Less NNEP Spread (ROIC-NNEP)	39.00%	45.63%	30.61%	34.65%	28.07%	21.53%	28.86%	16.09%	6.39%	13.19%	17.55%
Return on Net Nonoperating Assets (RNNOA)	-30.97%	-36.34%	-24.13%	-27.20%	-19.14%	-16.65%	-19.45%	-11.04%	-3.85%	-9.17%	-10.58%
Return on Equity (ROE)	6.62%	10.30%	9.94%	11.47%	9.17%	12.01%	2.80%	12.40%	11.36%	7.40%	3.60%
Cash Return on Invested Capital (CROIC)	40.92%	40.22%	51.70%	38.66%	76.11%	23.65%	58.44%	63.19%	8.89%	68.28%	10.93%
Operating Return on Assets (OROA)	4.71%	6.35%	4.77%	5.61%	5.82%	4.21%	5.39%	4.84%	3.97%	3.20%	-1.51%
Return on Assets (ROA)	1.73%	6.95%	9.72%	11.21%	5.10%	14.60%	-4.90%	13.35%	13.48%	7.40%	-1.14%
Return on Common Equity (ROCE)	6.58%	10.20%	9.84%	11.29%	9.04%	11.81%	2.75%	12.16%	11.17%	7.28%	3.53%
Return on Equity Simple (ROE_SIMPLE)	12.44%	0.00%	17.10%	11.39%	12.99%	0.00%	14.78%	16.21%	1.60%	0.00%	-0.07%
Net Operating Profit after Tax (NOPAT)	11,538	14,830	10,578	12,202	11,972	8,759	9,672	10,447	8,409	6,500	6,919
NOPAT Margin	12.86%	15.62%	11.37%	13.03%	13.32%	9.38%	10.38%	11.29%	9.85%	8.33%	9.00%
Net Nonoperating Expense Percent (NNEP)	-1.40%	1.01%	3.46%	4.02%	0.23%	7.13%	-6.61%	7.35%	8.82%	3.39%	-3.38%
Return On Investment Capital (ROIC_SIMPLE)	1.47%	1.91%	-	-	-	1.26%	-	-	-	1.08%	-
Cost of Revenue to Revenue	42.97%	161.69%	32.61%	32.45%	50.81%	92.44%	73.54%	73.88%	51.72%	95.90%	74.89%
SG&A Expenses to Revenue	9.50%	9.85%	9.06%	6.86%	6.43%	11.35%	6.66%	6.70%	7.58%	10.77%	7.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.86%	-80.69%	53.43%	51.26%	32.88%	-4.10%	11.64%	11.95%	35.96%	-5.99%	12.26%
Earnings before Interest and Taxes (EBIT)	12,714	18,039	12,986	15,258	14,653	10,888	13,817	13,112	10,524	7,880	-3,581
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12,850	21,322	16,192	18,456	17,821	14,017	17,027	16,208	13,575	10,638	-853
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.76	1.51	1.58	1.46	1.60	1.38	1.45	1.38	1.34	1.44	1.30
Price to Tangible Book Value (P/TBV)	2.14	1.84	1.92	1.80	1.99	1.76	1.86	1.76	1.73	1.86	1.67
Price to Revenue (P/Rev)	3.09	2.63	2.68	2.37	2.47	2.13	2.19	2.24	2.14	2.26	2.00
Price to Earnings (P/E)	14.20	10.99	9.28	12.94	12.43	8.07	9.96	8.60	94.46	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.04%	9.10%	10.77%	7.73%	8.04%	12.39%	10.04%	11.63%	1.06%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.95	3.65	4.21	3.25	3.65	2.73	2.78	2.62	1.38	2.83	1.32
Enterprise Value to Revenue (EV/Rev)	1.67	1.22	1.29	1.08	1.27	0.93	1.07	1.00	0.95	1.07	0.86
Enterprise Value to EBITDA (EV/EBITDA)	10.43	7.25	7.17	5.93	7.23	6.15	6.48	6.26	5.79	6.49	24.57
Enterprise Value to EBIT (EV/EBIT)	10.50	7.43	8.86	7.31	8.96	7.04	8.21	8.02	7.39	8.08	0.00
Enterprise Value to NOPAT (EV/NOPAT)	12.87	9.16	10.98	8.94	11.01	8.71	10.09	9.90	6.69	11.55	8.77
Enterprise Value to Operating Cash Flow (EV/OCF)	20.02	14.80	11.80	7.64	9.21	6.92	8.26	7.70	7.68	8.63	7.28
Enterprise Value to Free Cash Flow (EV/FCFF)	11.92	9.05	7.46	8.28	3.56	12.06	3.91	3.27	16.54	3.11	12.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.19	0.19	0.20	0.20	0.21	0.22	0.23	0.23	0.24	0.25	0.25
Long-Term Debt to Equity	0.19	0.19	0.20	0.20	0.21	0.22	0.23	0.23	0.24	0.25	0.25
Financial Leverage	-0.79	-0.80	-0.79	-0.79	-0.68	-0.77	-0.67	-0.69	-0.60	-0.70	-0.60
Leverage Ratio	1.81	1.82	1.86	1.85	1.89	1.92	1.93	1.91	1.91	1.91	1.93
Compound Leverage Factor	0.73	2.42	4.65	4.63	2.03	8.27	-2.36	6.62	8.12	5.37	2.29
Debt to Total Capital	16.09%	16.07%	16.46%	16.90%	17.52%	18.35%	18.92%	18.51%	19.42%	20.31%	20.08%
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%	0.00%
Long-Term Debt to Total Capital	16.09%	16.07%	16.46%	16.90%	17.52%	18.35%	18.92%	18.51%	19.42%	20.31%	20.08%
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%	0.00%
Noncontrolling Interests to Total Capital	0.29%	0.29%	0.36%	0.86%	0.90%	1.36%	1.42%	1.75%	1.34%	1.37%	1.43%
Common Equity to Total Capital	83.62%	83.64%	83.18%	82.24%	81.58%	80.29%	79.65%	79.73%	79.25%	78.33%	78.49%
Debt to EBITDA	2.12	2.00	1.87	1.84	1.89	2.32	2.17	2.36	2.38	2.47	11.28
Net Debt to EBITDA	-8.95	-8.45	-7.80	-7.21	-6.90	-8.06	-6.98	-8.02	-7.38	-7.41	-33.51
Long-Term Debt to EBITDA	2.12	2.00	1.87	1.84	1.89	2.32	2.17	2.36	2.38	2.47	11.28
Debt to NOPAT	2.62	2.52	2.87	2.77	2.87	3.28	3.38	3.74	2.75	4.40	4.03
Net Debt to NOPAT	-11.05	-10.67	-11.95	-10.86	-10.50	-11.41	-10.86	-12.68	-8.53	-13.17	-11.96
Long-Term Debt to NOPAT	2.62	2.52	2.87	2.77	2.87	3.28	3.38	3.74	2.75	4.40	4.03
Altman Z-Score	2.47	2.30	2.24	2.16	2.39	2.01	2.15	2.09	2.11	1.99	2.02
Noncontrolling Interest Sharing Ratio	0.69%	0.96%	1.04%	1.57%	1.36%	1.69%	1.77%	1.99%	1.67%	1.70%	1.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.63	0.64	0.59	0.63	1.31	0.61	1.16	1.13	1.98	1.05	1.83
Quick Ratio	0.52	0.53	0.49	0.52	1.20	0.49	1.04	1.01	1.78	0.93	1.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	15,394	15,434	31,017	15,759	101,386	-2,106	67,914	78,270	-18,405	82,149	-1,470
Operating Cash Flow to CapEx	254.68%	86.42%	38.35%	299.93%	240.52%	252.28%	257.76%	265.40%	234.12%	226.27%	286.75%
Free Cash Flow to Firm to Interest Expense	12.25	10.72	25.55	12.81	77.04	-1.65	53.90	62.67	-15.11	72.12	-1.35
Operating Cash Flow to Interest Expense	8.67	3.21	1.49	11.06	8.03	11.29	10.85	9.96	7.14	9.05	10.70
Operating Cash Flow Less CapEx to Interest Expense	5.27	-0.50	-2.39	7.37	4.69	6.81	6.64	6.20	4.09	5.05	6.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.33	0.34	0.34	0.36	0.36	0.36	0.34	0.32	0.32	0.32
Accounts Receivable Turnover	7.89	8.24	8.10	8.08	7.98	8.12	8.10	7.81	7.48	7.66	7.62
Inventory Turnover	10.80	10.42	8.09	9.58	11.05	10.44	10.27	9.83	9.63	9.53	7.92
Fixed Asset Turnover	1.68	1.69	1.71	1.73	1.74	1.76	1.73	1.66	1.59	1.56	1.55
Accounts Payable Turnover	4.80	4.70	3.51	4.42	5.19	5.11	4.97	4.91	4.70	4.60	3.77
Days Sales Outstanding (DSO)	46.29	44.29	45.06	45.15	45.73	44.94	45.08	46.75	48.79	47.66	47.91
Days Inventory Outstanding (DIO)	33.80	35.02	45.14	38.09	33.02	34.96	35.55	37.14	37.90	38.30	46.09
Days Payable Outstanding (DPO)	75.97	77.66	104.12	82.62	70.36	71.45	73.48	74.36	77.68	79.29	96.78
Cash Conversion Cycle (CCC)	4.11	1.65	-13.92	0.62	8.39	8.45	7.15	9.53	9.01	6.67	-2.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	125,074	124,130	113,276	122,919	128,930	124,734	133,715	126,476	218,344	113,869	191,957
Invested Capital Turnover	2.92	2.99	3.00	2.97	2.12	3.06	2.14	2.08	1.54	1.99	1.58
Increase / (Decrease) in Invested Capital	-3,856	-604	-20,439	-3,557	-89,414	10,865	-58,242	-67,823	26,814	-75,649	8,389
Enterprise Value (EV)	619,323	452,772	476,524	399,103	470,380	340,353	372,371	331,877	301,234	322,366	253,650
Market Capitalization	1,148,720	978,010	992,317	877,881	912,940	776,892	763,986	745,284	676,833	681,921	591,278
Book Value per Share	$488.92	$488.61	$474.50	$458.63	$264.52	$428.78	$401.43	$416.40	$387.61	$363.45	$349.87
Tangible Book Value per Share	$400.52	$399.44	$388.96	$372.35	$211.94	$336.72	$313.44	$327.18	$300.42	$281.07	$272.22
Total Capital	782,669	776,417	756,313	731,599	700,539	699,041	659,508	677,108	636,701	604,425	580,243
Total Debt	125,927	124,762	124,507	123,628	122,754	128,271	124,781	125,347	123,624	122,744	116,496
Total Long-Term Debt	125,927	124,762	124,507	123,628	122,754	128,271	124,781	125,347	123,624	122,744	116,496
Net Debt	-531,668	-527,525	-518,530	-485,052	-448,855	-446,036	-401,012	-425,285	-384,122	-367,812	-345,945
Capital Expenditures (CapEx)	4,281	5,347	4,701	4,535	4,393	5,708	5,303	4,685	3,713	4,557	4,074
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-124,828	-127,675	-129,256	-123,506	-121,119	-123,592	-122,832	-119,512	-30,682	-118,829	-30,101
Debt-free Net Working Capital (DFNWC)	-82,648	-79,946	-92,075	-81,182	67,874	-85,570	34,409	27,865	122,500	9,756	97,459
Net Working Capital (NWC)	-82,648	-79,946	-92,075	-81,182	67,874	-85,570	34,409	27,865	122,500	9,756	97,459
Net Nonoperating Expense (NNE)	6,866	-4,921	-15,902	-18,296	-860	-28,999	22,239	-25,752	-27,348	-11,737	9,617
Net Nonoperating Obligations (NNO)	-531,668	-527,525	-518,530	-485,052	-448,855	-446,036	-401,012	-425,285	-294,733	-367,812	-271,790
Total Depreciation and Amortization (D&A)	136	3,283	3,206	3,198	3,168	3,129	3,210	3,096	3,051	2,758	2,728
Debt-free, Cash-free Net Working Capital to Revenue	-33.62%	-34.37%	-34.94%	-33.37%	-32.83%	-33.91%	-35.18%	-35.90%	-9.69%	-39.34%	-10.17%
Debt-free Net Working Capital to Revenue	-22.26%	-21.52%	-24.89%	-21.93%	18.40%	-23.48%	9.85%	8.37%	38.70%	3.23%	32.94%
Net Working Capital to Revenue	-22.26%	-21.52%	-24.89%	-21.93%	18.40%	-23.48%	9.85%	8.37%	38.70%	3.23%	32.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3,202.13	$13,690.13	$18,284.18	$21,136.08	$8,830.88	$26,101.38	($8,829.88)	$24,791.52	$24,393.25	$12,300.20	($1,833.22)
Adjusted Weighted Average Basic Shares Outstanding	2.16B	2.16B	2.16B	2.16B	2.16B	2.17B	2.17B	2.18B	2.19B	2.20B	2.20B
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	1.34B	1.34B	1.33B	1.33B	1.31B	1.31B	1.31B	1.31B	1.30B	1.30B	1.30B
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	1.34B	1.34B	1.33B	1.33B	1.31B	1.31B	1.31B	1.31B	1.30B	1.30B	1.30B
Normalized Net Operating Profit after Tax (NOPAT)	11,538	14,830	10,578	12,202	11,972	8,759	9,672	10,447	8,409	6,500	6,919
Normalized NOPAT Margin	12.86%	15.62%	11.37%	13.03%	13.32%	9.38%	10.38%	11.29%	9.85%	8.33%	9.00%
Pre Tax Income Margin	5.74%	25.31%	34.96%	40.72%	17.48%	50.27%	-18.19%	49.12%	52.41%	28.32%	-5.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.11	12.53	10.70	12.40	11.13	8.53	10.97	10.50	8.64	6.92	-3.28
NOPAT to Interest Expense	9.18	10.30	8.71	9.92	9.10	6.86	7.68	8.36	6.90	5.71	6.34
EBIT Less CapEx to Interest Expense	6.71	8.81	6.82	8.72	7.80	4.06	6.76	6.75	5.59	2.92	-7.01
NOPAT Less CapEx to Interest Expense	5.77	6.59	4.84	6.23	5.76	2.39	3.47	4.61	3.86	1.71	2.61
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%	0.00%
Augmented Payout Ratio	0.44%	3.26%	4.75%	9.11%	9.81%	9.44%	12.35%	10.87%	113.29%	-35.70%	-3,594.96%

Frequently Asked Questions About Berkshire Hathaway's Financials

When does Berkshire Hathaway's financial year end?

According to the most recent income statement we have on file, Berkshire Hathaway's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Berkshire Hathaway's net income changed over the last 9 years?

Berkshire Hathaway's net income appears to be on an upward trend, with a most recent value of $89.56 billion in 2024, rising from $24.41 billion in 2015. The previous period was $97.15 billion in 2023.

What is Berkshire Hathaway's operating income?

Berkshire Hathaway's total operating income in 2024 was $60.94 billion, based on the following breakdown:

Total Gross Profit: $111.59 billion
Total Operating Expenses: $50.65 billion

How has Berkshire Hathaway revenue changed over the last 9 years?

Over the last 9 years, Berkshire Hathaway's total revenue changed from $210.94 billion in 2015 to $371.43 billion in 2024, a change of 76.1%.

How much debt does Berkshire Hathaway have?

Berkshire Hathaway's total liabilities were at $502.23 billion at the end of 2024, a 0.6% increase from 2023, and a 71.0% increase since 2015.

How much cash does Berkshire Hathaway have?

In the past 9 years, Berkshire Hathaway's cash and equivalents has ranged from $28.05 billion in 2016 to $88.18 billion in 2021, and is currently $47.73 billion as of their latest financial filing in 2024.

How has Berkshire Hathaway's book value per share changed over the last 9 years?

Over the last 9 years, Berkshire Hathaway's book value per share changed from 204.58 in 2015 to 488.61 in 2024, a change of 138.8%.

Related Companies

This page (OTCMKTS:BRK.A) was last updated on 5/17/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Berkshire Hathaway (BRK.A) Financials

Frequently Asked Questions About Berkshire Hathaway's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Berkshire Hathaway (BRK.A) Financials

Annual Income Statements for Berkshire Hathaway

Quarterly Income Statements for Berkshire Hathaway

Annual Cash Flow Statements for Berkshire Hathaway

Quarterly Cash Flow Statements for Berkshire Hathaway

Annual Balance Sheets for Berkshire Hathaway

Quarterly Balance Sheets for Berkshire Hathaway

Annual Metrics And Ratios for Berkshire Hathaway

Quarterly Metrics And Ratios for Berkshire Hathaway

Frequently Asked Questions About Berkshire Hathaway's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools