BRK-A (Berkshire Hathaway Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Financial Services Insurance - Diversified

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. It provides property, casualty, life, accident, and health i...

CEOGregory Edward Abel

Country🇺🇸 United States

ExchangeNYSE

IPOMar 17, 1980

www.berkshirehathaway.com

Revenue$94.2B

YoY Growth-3.9%

QoQ Growth-0.8%

Net Income$19.2B

EPS$13349.00

Free Cash Flow$5.0B

Gross Margin23.0%

Op. Margin14.5%

Net Margin20.4%

FCF Margin5.3%

Rev Multiple (TTM)2.9x

P/E Ratio (TTM)15.9x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$120.2B	$74.8B	$44.8B
Q2 23	$125.6B	$79.7B	$45.4B
Q3 23	$94.0B	$48.1B	-$17.2B
Q4 23	$94.8B	$48.1B	$46.4B
Q1 24	$88.3B	$33.1B	$15.2B
Q2 24	$100.5B	$55.1B	$37.9B
Q3 24	$95.1B	$48.7B	$32.3B
Q4 24	$98.1B	$10.1B	$23.2B
Q1 25	$90.2B	$35.9B	$5.0B
Q2 25	$92.5B	$22.3B	$15.6B
Q3 25	$95.0B	$23.4B	$16.7B
Q4 25	$94.2B	$21.7B	$13.6B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.0x	146.8x
Q2 23	2.7x	12.3x
Q3 23	2.6x	13.9x
Q4 23	2.4x	11.1x
Q1 24	2.6x	14.5x
Q2 24	2.8x	15.7x
Q3 24	2.8x	10.0x
Q4 24	2.8x	12.0x
Q1 25	2.8x	13.2x
Q2 25	2.8x	16.9x
Q3 25	2.8x	15.8x
Q4 25	2.9x	15.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$8.7B	$5.0B
Q2 23	$12.4B	$7.7B
Q3 23	$13.7B	$8.4B
Q4 23	$14.4B	$8.7B
Q1 24	$10.6B	$6.2B
Q2 24	$13.6B	$9.1B
Q3 24	$1.8B	-$2.9B
Q4 24	$4.6B	-$726M
Q1 25	$10.9B	$6.6B
Q2 25	$10.1B	$5.2B
Q3 25	$13.8B	$8.2B
Q4 25	$11.2B	$5.0B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$3.7B
Q2 23	$4.7B
Q3 23	$5.3B
Q4 23	$5.7B
Q1 24	$4.4B
Q2 24	$4.5B
Q3 24	$4.7B
Q4 24	$5.3B
Q1 25	$4.3B
Q2 25	$4.9B
Q3 25	$5.6B
Q4 25	$6.2B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+68.7%	+16.7%
Q2 23	+64.3%	-39.3%
Q3 23	+22.6%	+36.7%
Q4 23	+24.7%	-11.5%
Q1 24	-26.5%	-3.1%
Q2 24	-20.0%	-21.8%
Q3 24	+1.1%	-43.6%
Q4 24	+3.5%	+54.9%
Q1 25	+2.2%	+16.6%
Q2 25	-8.0%	+22.8%
Q3 25	-0.1%	+24.7%
Q4 25	-3.9%	+7.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$1.4B	1.5%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	$7.1B	$5.6B	—
Q2 23	$6.5B	$5.0B	—
Q3 23	$6.6B	—	—
Q4 23	$4.4B	$6.9B	—
Q1 24	$7.2B	—	—
Q2 24	$7.8B	—	—
Q3 24	$9.1B	—	—
Q4 24	$10.2B	—	—
Q1 25	$9.6B	—	—
Q2 25	$9.8B	—	—
Q3 25	—	—	$6.7B
Q4 25	—	—	$8.0B

Revenue Segments

Quarter	Berkshire Hathaway Energy Company	Berkshire Hathaway Insurance Group	Burlington Northern Santa Fe Corporation	Manufacturing Businesses	Mc Lane Company	Pilot Travel Centers ("Pilot)	Service And Retailing Businesses
Q2 25	$6.4B	$26.2B	$5.8B	$20.0B	$12.6B	$10.1B	$10.7B
Q3 25	$7.3B	$26.2B	$6.0B	$20.0B	$13.2B	$10.9B	$10.6B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$26.7B	$103.9B	$130.6B
Q2 23	$50.1B	$97.3B	$147.4B
Q3 23	$30.8B	$126.4B	$157.2B
Q4 23	$38.0B	$129.6B	$167.6B
Q1 24	$35.5B	$153.4B	$189.0B
Q2 24	$42.3B	$234.6B	$276.9B
Q3 24	$37.2B	$288.0B	$325.2B
Q4 24	$47.7B	$286.5B	$334.2B
Q1 25	$42.2B	$305.5B	$347.7B
Q2 25	$100.5B	$243.6B	$344.1B
Q3 25	$76.3B	$305.4B	$381.7B
Q4 25	$51.9B	$321.4B	$373.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	1M	-0.5%
Q2 23	1M	-0.4%
Q3 23	1M	-0.2%
Q4 23	1M	-0.3%
Q1 24	1M	-0.3%
Q2 24	1M	-0.1%
Q3 24	1M	+0.0%
Q4 24	1M	+0.1%
Q1 25	1M	+0.0%
Q2 25	1M	+0.0%
Q3 25	1M	+0.0%
Q4 25	1M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$614K	316K
FY 15	$634K	331K
FY 16	$609K	368K
FY 17	$648K	377K
FY 18	$632K	389K
FY 19	$657K	392K
FY 20	$615K	360K
FY 21	$748K	372K
FY 22	$781K	383K
FY 23	$939K	397K
FY 24	$960K	392K
FY 25	$958K	388K