BRK Financials

BRK-A

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows BRK (BRK-A) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BRK-A FY2025 2026-04-22

BRK-A is operating like a capital compounding machine, with cash generation steadier than reported earnings as assets keep expanding.

With FY2025 revenue essentially flat at $371.4B, operating cash flow still recovered to $46.0B, showing the cash engine strengthened without any top-line help. Net income moved the other way, which suggests reported earnings here are more volatile than the underlying cash coming out of operations, a pattern also visible in FY2022's loss alongside positive cash flow.

The balance sheet became less leverage-dependent: assets reached $1.22T in FY2025 while liabilities were still only about $502.5B. Because profits kept accumulating into equity, debt-to-equity eased from 1.0x in FY2022 to 0.7x in FY2025, meaning growth relied more on retained capital than added obligations.

Profitability is less efficient on a larger base: return on assets fell to 5.5% and return on equity to 9.3% in FY2025. That tells you the company is carrying more capital than before, but each dollar of assets and equity produced less earnings than in the stronger FY2021 and FY2023 years.

Financial Health Signals

Financial health score pending refresh

We are recalculating BRK's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

2/5

BRK passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.69x

For every $1 of reported earnings, BRK generates $0.69 in operating cash flow ($46.0B OCF vs $67.0B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$371.4B

YoY+0.0%

5Y CAGR+8.6%

10Y CAGR+5.8%

BRK generated $371.4B in revenue in fiscal year 2025. This represents an increase of 0.0% from the prior year.

EBITDA

N/A

Net Income

$67.0B

YoY-24.8%

5Y CAGR+9.5%

10Y CAGR+10.8%

BRK reported $67.0B in net income in fiscal year 2025. This represents a decrease of 24.8% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$25.0B

YoY+115.6%

5Y CAGR-1.3%

10Y CAGR+5.0%

BRK generated $25.0B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 115.6% from the prior year.

Cash & Debt

$52.6B

YoY+8.7%

5Y CAGR+1.7%

10Y CAGR-2.4%

BRK held $52.6B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

18.0%

YoY-5.9pp

5Y CAGR+0.7pp

10Y CAGR+6.6pp

BRK's net profit margin was 18.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.

Return on Equity

9.3%

YoY-4.4pp

5Y CAGR-0.3pp

10Y CAGR-0.1pp

BRK's ROE was 9.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$20.9B

YoY+10.3%

5Y CAGR+10.0%

10Y CAGR+2.7%

BRK invested $20.9B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 10.3% from the prior year.

BRK-A Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$371.4B0.0%	$371.4B+1.9%	$364.5B+20.7%	$302.0B+9.4%	$276.2B+12.5%	$245.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$5.1B-2.5%	$5.2B+3.9%	$5.0B+15.0%	$4.4B+4.3%	$4.2B+2.2%	$4.1B
Income Tax	$15.2B-27.0%	$20.8B-9.6%	$23.0B+370.7%	-$8.5B-140.7%	$20.9B+68.1%	$12.4B
Net Income	$67.0B-24.8%	$89.0B-7.5%	$96.2B+522.8%	-$22.8B-125.3%	$89.9B+111.5%	$42.5B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$93.7B-0.6%	$94.2B-0.8%	$95.0B+2.7%	$92.5B+3.1%	$89.7B-5.5%	$94.9B+2.1%	$93.0B-0.7%	$93.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.3B+0.2%	$1.3B+2.9%	$1.3B+0.6%	$1.3B-0.3%	$1.3B-12.7%	$1.4B+18.6%	$1.2B-1.3%	$1.2B
Income Tax	$2.1B-58.8%	$5.2B-28.3%	$7.2B+215.8%	$2.3B+381.7%	$476.0M-88.9%	$4.3B-29.1%	$6.0B-21.1%	$7.6B
Net Income	$10.1B-47.4%	$19.2B-37.7%	$30.8B+149.0%	$12.4B+168.7%	$4.6B-76.6%	$19.7B-25.0%	$26.3B-13.5%	$30.3B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BRK-A Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.2T+5.9%	$1.2T+7.8%	$1.1T+12.8%	$948.5B-1.1%	$959.4B+9.8%	$873.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$52.6B+8.7%	$48.4B+25.2%	$38.6B+6.2%	$36.4B-59.0%	$88.7B+83.3%	$48.4B
Inventory	$24.4B+1.7%	$24.0B-7.1%	$25.9B+1.9%	$25.4B+21.1%	$21.0B+9.1%	$19.2B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$83.1B-1.0%	$83.9B-0.9%	$84.6B+8.3%	$78.1B+5.7%	$73.9B+0.2%	$73.7B
Total Liabilities	$502.5B0.0%	$502.2B+0.6%	$499.2B+6.9%	$466.8B+3.0%	$453.2B+7.3%	$422.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$717.4B+10.5%	$649.4B+15.7%	$561.3B+18.6%	$473.4B-6.5%	$506.2B+14.2%	$443.2B
Retained Earnings	$763.2B+9.6%	$696.2B+14.6%	$607.4B+18.8%	$511.1B-4.4%	$534.4B+20.2%	$444.6B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.3T+2.5%	$1.2T-0.3%	$1.2T+5.3%	$1.2T0.0%	$1.2T+0.9%	$1.2T+0.6%	$1.1T+3.5%	$1.1T
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$58.8B+11.9%	$52.6B-31.8%	$77.1B-23.8%	$101.2B+136.2%	$42.9B-11.4%	$48.4B+27.3%	$38.0B-11.8%	$43.1B
Inventory	$25.5B+4.5%	$24.4B-3.5%	$25.3B+3.9%	$24.4B+1.4%	$24.0B+0.1%	$24.0B+1.7%	$23.6B+0.5%	$23.5B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$83.2B+0.1%	$83.1B-1.7%	$84.5B+0.3%	$84.3B+0.3%	$84.0B+0.2%	$83.9B-0.9%	$84.6B+0.2%	$84.4B
Total Liabilities	$522.8B+4.0%	$502.5B-4.4%	$525.5B+6.4%	$493.7B-2.8%	$507.8B+1.1%	$502.2B-2.6%	$515.4B+2.9%	$500.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$727.2B+1.4%	$717.4B+2.8%	$698.2B+4.5%	$668.0B+2.1%	$654.5B+0.8%	$649.4B+3.2%	$629.1B+4.5%	$601.7B
Retained Earnings	$773.3B+1.3%	$763.2B+2.6%	$744.0B+4.3%	$713.2B+1.8%	$700.8B+0.7%	$696.2B+2.9%	$676.5B+4.0%	$650.3B

BRK-A Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$46.0B+50.3%	$30.6B-37.8%	$49.2B+31.7%	$37.4B-5.3%	$39.4B-0.9%	$39.8B
Capital Expenditures	$20.9B+10.3%	$19.0B-2.2%	$19.4B+25.5%	$15.5B+16.5%	$13.3B+2.0%	$13.0B
Free Cash Flow	$25.0B+115.6%	$11.6B-61.0%	$29.8B+36.1%	$21.9B-16.3%	$26.2B-2.3%	$26.8B
Investing Cash Flow	-$44.5B-332.5%	-$10.3B+68.5%	-$32.7B+62.7%	-$87.6B-398.0%	$29.4B+177.8%	-$37.8B
Financing Cash Flow	$2.2B+121.6%	-$10.4B+28.1%	-$14.4B-766.7%	-$1.7B+94.2%	-$28.5B-55.4%	-$18.3B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$2.9B-68.2%	$9.2B+16.8%	$7.9B-71.0%	$27.1B+9.5%	$24.7B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$10.4B-6.7%	$11.2B-18.8%	$13.8B+36.7%	$10.1B-7.5%	$10.9B+135.9%	$4.6B+156.3%	$1.8B-86.7%	$13.6B
Capital Expenditures	$5.0B-19.6%	$6.2B+11.0%	$5.6B+15.0%	$4.9B+13.5%	$4.3B-19.9%	$5.3B+13.7%	$4.7B+3.7%	$4.5B
Free Cash Flow	$5.5B+9.3%	$5.0B-39.2%	$8.2B+56.9%	$5.2B-21.1%	$6.6B+1012.1%	-$726.0M+74.9%	-$2.9B-132.0%	$9.1B
Investing Cash Flow	-$4.3B+88.8%	-$38.4B+1.7%	-$39.1B-179.1%	$49.4B+400.9%	-$16.4B-484.3%	$4.3B+209.3%	-$3.9B+47.6%	-$7.4B
Financing Cash Flow	$174.0M-93.1%	$2.5B+200.7%	$835.0M+171.6%	-$1.2B-2300.0%	$53.0M-96.8%	$1.7B+153.9%	-$3.1B-458.9%	$854.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$235.0M	N/A	N/A	N/A	N/A	$0	$0-100.0%	$356.0M

BRK-A Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	18.0%-5.9pp	24.0%-2.4pp	26.4%+33.9pp	-7.5%-40.1pp	32.6%+15.3pp	17.3%
Return on Equity	9.3%-4.4pp	13.7%-3.4pp	17.1%+21.9pp	-4.8%-22.6pp	17.8%+8.2pp	9.6%
Return on Assets	5.5%-2.2pp	7.7%-1.3pp	9.0%+11.4pp	-2.4%-11.8pp	9.4%+4.5pp	4.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.70-0.1	0.77-0.1	0.89-0.1	0.99+0.1	0.90-0.1	0.95
FCF Margin	6.7%+3.6pp	3.1%-5.0pp	8.2%+0.9pp	7.2%-2.2pp	9.5%-1.4pp	10.9%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	10.8%-9.6pp	20.4%-12.1pp	32.4%+19.1pp	13.4%+8.2pp	5.1%-15.6pp	20.8%-7.5pp	28.2%-4.2pp	32.4%
Return on Equity	1.4%-1.3pp	2.7%-1.7pp	4.4%+2.6pp	1.8%+1.1pp	0.7%-2.3pp	3.0%-1.1pp	4.2%-0.9pp	5.0%
Return on Assets	0.8%-0.8pp	1.6%-0.9pp	2.5%+1.5pp	1.1%+0.7pp	0.4%-1.3pp	1.7%-0.6pp	2.3%-0.5pp	2.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.72+0.0	0.70-0.1	0.75+0.0	0.74-0.0	0.780.0	0.77-0.0	0.82-0.0	0.83
FCF Margin	5.8%+0.5pp	5.3%-3.3pp	8.6%+3.0pp	5.7%-1.7pp	7.4%+8.1pp	-0.8%+2.4pp	-3.1%-12.8pp	9.7%

Frequently Asked Questions

What is BRK's annual revenue?

BRK (BRK-A) reported $371.4B in total revenue for fiscal year 2025. This represents a 0.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is BRK's revenue growing?

BRK (BRK-A) revenue grew by 0% year-over-year, from $371.4B to $371.4B in fiscal year 2025.

Is BRK profitable?

Yes, BRK (BRK-A) reported a net income of $67.0B in fiscal year 2025, with a net profit margin of 18.0%.

What is BRK's net profit margin?

BRK (BRK-A) had a net profit margin of 18.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is BRK's return on equity (ROE)?

BRK (BRK-A) has a return on equity of 9.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is BRK's free cash flow?

BRK (BRK-A) generated $25.0B in free cash flow during fiscal year 2025. This represents a 115.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is BRK's operating cash flow?

BRK (BRK-A) generated $46.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are BRK's total assets?

BRK (BRK-A) had $1.2T in total assets as of fiscal year 2025, including both current and long-term assets.

What are BRK's capital expenditures?

BRK (BRK-A) invested $20.9B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is BRK's debt-to-equity ratio?

BRK (BRK-A) had a debt-to-equity ratio of 0.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BRK's return on assets (ROA)?

BRK (BRK-A) had a return on assets of 5.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is BRK's Piotroski F-Score?

BRK (BRK-A) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are BRK's earnings high quality?

BRK (BRK-A) has an earnings quality ratio of 0.69x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.