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Stocks · Financials · Fire, Marine & Casualty Insurance

Berkshire Hathaway Inc.

BRK-B Clue Score64
United States Fiscal year ends December CIK 0001067983
$515.62 +0.89% Close, 9 Oct 2026
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Price $515.62 +4.07% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 28 Apr 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue215.11Net income24.07Fiscal year 2017Revenue239.93 +11.5%Net income44.94 +86.7%Fiscal year 2018Revenue175.45 −26.9%Net income4.02 −91.1%Fiscal year 2019Revenue176.51 +0.6%Net income81.42 +1,924.8%Fiscal year 2020Revenue166.73 −5.5%Net income42.52 −47.8%Fiscal year 2021Revenue191.25 +14.7%Net income89.94 +111.5%Fiscal year 2022Revenue207.77 +8.6%Net income−22.76 −125.3%Fiscal year 2023Revenue254.91 +22.7%Net income96.22Fiscal year 2024Revenue249.71 −2.0%Net income89.00 −7.5%Fiscal year 2025Revenue247.24 −1.0%Net income66.97 −24.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 215.11 239.93 175.45 176.51 166.73 191.25 207.77 254.91 249.71 247.24
Growth +11.5% −26.9% +0.6% −5.5% +14.7% +8.6% +22.7% −2.0% −1.0%
Net income 24.07 44.94 4.02 81.42 42.52 89.94 −22.76 96.22 89.00 66.97
Growth +86.7% −91.1% +1,924.8% −47.8% +111.5% −125.3% −7.5% −24.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin11.2%Free cash flow margin9.2%Fiscal year 2017Net margin18.7%Free cash flow margin14.2%Fiscal year 2018Net margin2.3%Free cash flow margin13.0%Fiscal year 2019Net margin46.1%Free cash flow margin12.9%Fiscal year 2020Net margin25.5%Free cash flow margin16.1%Fiscal year 2021Net margin47.0%Free cash flow margin13.7%Fiscal year 2022Net margin−11.0%Free cash flow margin10.5%Fiscal year 2023Net margin37.7%Free cash flow margin11.7%Fiscal year 2024Net margin35.6%Free cash flow margin4.7%Fiscal year 2025Net margin27.1%Free cash flow margin10.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 11.2% 18.7% 2.3% 46.1% 25.5% 47.0% −11.0% 37.7% 35.6% 27.1%
Free cash flow margin 9.2% 14.2% 13.0% 12.9% 16.1% 13.7% 10.5% 11.7% 4.7% 10.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow32.65Capital expenditure−12.95Free cash flow19.69Fiscal year 2017Operating cash flow45.73Capital expenditure−11.71Free cash flow34.02 +72.8%Fiscal year 2018Operating cash flow37.40Capital expenditure−14.54Free cash flow22.86 −32.8%Buybacks−1.35Fiscal year 2019Operating cash flow38.69Capital expenditure−15.98Free cash flow22.71 −0.7%Buybacks−4.85Fiscal year 2020Operating cash flow39.77Capital expenditure−13.01Free cash flow26.76 +17.8%Buybacks−24.71Fiscal year 2021Operating cash flow39.43Capital expenditure−13.28Free cash flow26.15 −2.3%Buybacks−27.06Fiscal year 2022Operating cash flow37.35Capital expenditure−15.46Free cash flow21.89 −16.3%Buybacks−7.85Fiscal year 2023Operating cash flow49.20Capital expenditure−19.41Free cash flow29.79 +36.1%Buybacks−9.17Fiscal year 2024Operating cash flow30.59Capital expenditure−18.98Free cash flow11.62 −61.0%Buybacks−2.92Fiscal year 2025Operating cash flow45.97Capital expenditure−20.93Free cash flow25.04 +115.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 32.65 45.73 37.40 38.69 39.77 39.43 37.35 49.20 30.59 45.97
Capital expenditure −12.95 −11.71 −14.54 −15.98 −13.01 −13.28 −15.46 −19.41 −18.98 −20.93
Free cash flow 19.69 34.02 22.86 22.71 26.76 26.15 21.89 29.79 11.62 25.04
Growth +72.8% −32.8% −0.7% +17.8% −2.3% −16.3% +36.1% −61.0% +115.6%
Buybacks n/a n/a −1.35 −4.85 −24.71 −27.06 −7.85 −9.17 −2.92 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash28.05Shareholders’ equity282.07Fiscal year 2017Cash31.58Shareholders’ equity348.30Fiscal year 2018Cash30.81Shareholders’ equity348.70Fiscal year 2019Cash64.63Shareholders’ equity424.79Fiscal year 2020Cash48.40Shareholders’ equity443.16Fiscal year 2021Cash88.71Shareholders’ equity506.20Fiscal year 2022Cash36.40Shareholders’ equity473.42Fiscal year 2023Cash38.64Shareholders’ equity561.27Fiscal year 2024Cash48.38Shareholders’ equity649.37Fiscal year 2025Cash52.57Shareholders’ equity717.42
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 28.05 31.58 30.81 64.63 48.40 88.71 36.40 38.64 48.38 52.57
Shareholders’ equity 282.07 348.30 348.70 424.79 443.16 506.20 473.42 561.27 649.37 717.42

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
15.7% 9.9% 2.3% 58.2% 33.4% 58.5% −14.7% 47.1% 44.2% 33.4%
11.2% 18.7% 2.3% 46.1% 25.5% 47.0% −11.0% 37.7% 35.6% 27.1%
9.2% 14.2% 13.0% 12.9% 16.1% 13.7% 10.5% 11.7% 4.7% 10.1%
Spending
6.0% 4.9% 8.3% 9.1% 7.8% 6.9% 7.4% 7.6% 7.6% 8.5%
27.4% −90.3% −8.0% 20.4% 22.3% 18.7% n/a 19.2% 18.9% 18.4%
Returns
8.5% 12.9% 1.2% 19.2% 9.6% 17.8% −4.8% 17.1% 13.7% 9.3%
3.9% 6.4% 0.6% 10.0% 4.9% 9.4% −2.4% 9.0% 7.7% 5.5%
Balance and payout
54.0% 49.9% 50.2% 47.6% 48.3% n/a 49.2% 46.7% 43.5% 41.1%
n/a n/a 5.9% 21.4% 92.3% 103.5% 35.9% 30.8% 25.1% n/a