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BERKSHIRE HATHAWAY INC (BRK-A) Financials

BRK-A
Trailing 12 months to June 30, 2026
Revenue $384.7B +3.9% YoY
Net Income $85.8B +36.3% YoY
Free Cash Flow $24.2B +194.4% YoY
Operating Cash Flow $46.6B +70.1% YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BRK-A SEC filings page.

BERKSHIRE HATHAWAY INC (BRK-A) reported $384.7B in revenue over the twelve months to Jun 30, 2026, up 3.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

Balance-sheet deleveraging cushions earnings volatility, while capital spending still absorbs a large share of operating cash generation.

The key disconnect is between accounting earnings and cash: FY2025 revenue was flat while net margin fell from 24.0% in FY2024 to 18.0% in FY2025. Even so, operating cash flow recovered from $30.6B to $46.0B, so cash production was less volatile than reported profit.

From FY2021 to FY2025, assets rose from $959.4B to $1.2T, while liabilities increased only modestly. As a result, debt-to-equity fell from 0.9x to 0.7x, indicating a progressively more equity-funded structure rather than balance-sheet expansion driven by new obligations.

In FY2025, capital expenditures consumed roughly 45.5% of operating cash flow, leaving $25.0B of free cash flow; reinvestment is material but not swallowing cash generation. Free-cash-flow margin rebounded from 3.1% in FY2024 to 6.7% in FY2025, showing the prior-year squeeze was not a persistent cash profile.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

BERKSHIRE HATHAWAY INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
2/5

BERKSHIRE HATHAWAY INC 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, BERKSHIRE HATHAWAY INC 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
$101.8B
YoY+10.0%
QoQ+8.7%
5Y CAGR+8.1%
10Y CAGR+6.5%

BERKSHIRE HATHAWAY INC generated $101.8B in revenue in Q2 2026. This represents an increase of 10.0% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.

Net Income
$25.7B
YoY+107.5%
QoQ+154.0%
5Y CAGR-1.8%
10Y CAGR+17.8%

BERKSHIRE HATHAWAY INC reported $25.7B in net income in Q2 2026. This represents an increase of 107.5% from the same quarter a year earlier. Against the prior quarter it is up 154.0%.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow
$5.6B
YoY+6.6%
QoQ+2.2%
5Y CAGR-4.8%
10Y CAGR+2.1%

BERKSHIRE HATHAWAY INC generated $5.6B in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 6.6% from the same quarter a year earlier. Against the prior quarter it is up 2.2%.

Cash & Debt
$41.4B
YoY-59.1%
QoQ-29.7%
5Y CAGR-0.7%
10Y CAGR-0.6%

BERKSHIRE HATHAWAY INC held $41.4B in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Net Margin
25.2%
YoY+11.8pp
QoQ+14.4pp
5Y change-15.4pp
10Y change+16.0pp

BERKSHIRE HATHAWAY INC's net profit margin was 25.2% in Q2 2026, showing the share of revenue converted to profit. This is up 11.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.4 percentage points.

Return on Equity
3.4%
YoY+1.6pp
QoQ+2.0pp
5Y change-2.5pp
10Y change+1.5pp

BERKSHIRE HATHAWAY INC's ROE was 3.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$4.2B
QoQ+1691.1%

BERKSHIRE HATHAWAY INC spent $4.2B on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 1691.1%.

Capital Expenditures
$5.6B
YoY+16.2%
QoQ+13.2%
5Y CAGR+12.4%
10Y CAGR+5.5%

BERKSHIRE HATHAWAY INC invested $5.6B in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 16.2% from the same quarter a year earlier. Against the prior quarter it is up 13.2%.

R&D Spending

Not reported for Q2 2026.

BRK-A Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BRK-A quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$101.8B+10.0%$93.7B+4.4%$94.2B-0.7%$95.0B+2.1%$92.5B-1.2%$89.7B-0.2%$94.9B+1.6%$93.0B-0.2%
Interest Expense$1.3B+6.5%$1.3B+3.5%$1.3B-9.9%$1.3B+3.9%$1.3B+1.9%$1.3B-4.5%$1.4B$1.2B
Income Tax$6.3B+174.4%$2.1B+349.6%$5.2B+21.4%$7.2B+20.1%$2.3B-70.0%$476.0M-83.4%$4.3B-53.4%$6.0B+237.2%
Net Income$25.7B+107.5%$10.1B+119.6%$19.2B-2.5%$30.8B+17.3%$12.4B-59.2%$4.6B-63.8%$19.7B-47.6%$26.3B+305.6%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

BRK-A Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BRK-A quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$1.3T+8.5%$1.3T+7.5%$1.2T+5.9%$1.2T+6.9%$1.2T+5.0%$1.2T+8.8%$1.2T+7.8%$1.1T+12.5%
Cash & Equivalents$41.4B-59.1%$58.8B+37.2%$52.6B+8.7%$77.1B+103.0%$101.2B+135.0%$42.9B+18.5%$48.4B+25.2%$38.0B+20.2%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$26.6B+9.0%$25.5B+6.2%$24.4B+1.7%$25.3B+7.2%$24.4B+3.7%$24.0B+1.5%$24.0B-7.1%$23.6B-4.6%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$83.2B-1.3%$83.2B-1.0%$83.1B-1.0%$84.5B-0.1%$84.3B-0.2%$84.0B-0.6%$83.9B-0.9%$84.6B-1.2%
Total Liabilities$512.9B+3.9%$522.8B+3.0%$502.5B0.0%$525.5B+2.0%$493.7B-1.4%$507.8B+3.2%$502.2B+0.6%$515.4B+6.2%
Total Equity$747.9B+12.0%$727.2B+11.1%$717.4B+10.5%$698.2B+11.0%$668.0B+11.0%$654.5B+14.5%$649.4B+15.7%$629.1B+19.7%
Retained Earnings$799.0B+12.0%$773.3B+10.3%$763.2B+9.6%$744.0B+10.0%$713.2B+9.7%$700.8B+13.0%$696.2B+14.6%$676.5B+18.7%

Not reported in any period shown, so not listed: Current Assets, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

BRK-A Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BRK-A quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$11.2B+11.2%$10.4B-4.3%$11.2B+142.2%$13.8B+664.8%$10.1B-25.9%$10.9B+3.2%$4.6B-67.9%$1.8B-86.8%
Depreciation & Amortization$3.6B+8.3%$3.5B+7.5%$3.5B+8.1%$3.3B+4.0%$3.3B+4.1%$3.3B+3.1%$3.3B+4.9%$3.2B-0.1%
Capital Expenditures$5.6B+16.2%$5.0B+16.5%$6.2B+16.0%$5.6B+18.8%$4.9B+7.1%$4.3B-2.5%$5.3B-6.3%$4.7B-11.4%
Free Cash Flow$5.6B+6.6%$5.5B-17.7%$5.0B+787.3%$8.2B+383.1%$5.2B-42.4%$6.6B+7.3%-$726.0M-108.4%-$2.9B-134.6%
Investing Cash Flow-$24.3B-149.3%-$4.3B+73.7%-$38.4B-999.5%-$39.1B-900.3%$49.4B+762.7%-$16.4B-412.1%$4.3B+158.1%-$3.9B+86.1%
Financing Cash Flow-$4.3B-267.3%$174.0M+228.3%$2.5B+51.9%$835.0M+127.2%-$1.2B-236.5%$53.0M+100.5%$1.7B+1315.4%-$3.1B+33.9%
Share Buybacks$4.2B$235.0MN/AN/AN/AN/A$0-100.0%$0-100.0%

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.

BRK-A Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BRK-A quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin25.2%+11.8pp10.8%+5.7pp20.4%-0.4pp32.4%+4.2pp13.4%-19.0pp5.1%-9.0pp20.8%-19.5pp28.2%+41.9pp
Return on Equity3.4%+1.6pp1.4%+0.7pp2.7%-0.3pp4.4%+0.2pp1.8%-3.2pp0.7%-1.5pp3.0%-3.7pp4.2%+6.6pp
Return on Assets2.0%+1.0pp0.8%+0.4pp1.6%-0.1pp2.5%+0.2pp1.1%-1.7pp0.4%-0.8pp1.7%-1.8pp2.3%+3.5pp
Debt-to-Equity0.69-0.1x0.72-0.1x0.70-0.1x0.75-0.1x0.74-0.1x0.78-0.1x0.77-0.1x0.82-0.1x
Asset Turnover0.080.0x0.070.0x0.080.0x0.080.0x0.080.0x0.080.0x0.080.0x0.080.0x
FCF Margin5.5%-0.2pp5.8%-1.6pp5.3%+6.1pp8.6%+11.8pp5.7%-4.0pp7.4%+0.5pp-0.8%-10.1pp-3.1%-12.1pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Frequently Asked Questions

What is BERKSHIRE HATHAWAY INC's annual revenue?

BERKSHIRE HATHAWAY INC (BRK-A) reported $371.4B in total revenue for fiscal year 2025. That is unchanged from 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 BERKSHIRE HATHAWAY INC's revenue growing?

BERKSHIRE HATHAWAY INC (BRK-A) revenue was essentially unchanged year-over-year, at $371.4B in fiscal year 2025 against $371.4B the year before.

Is BERKSHIRE HATHAWAY INC profitable?

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

BERKSHIRE HATHAWAY INC (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.

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

BERKSHIRE HATHAWAY INC (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.

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

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

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

BERKSHIRE HATHAWAY INC (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.

BERKSHIRE HATHAWAY INC (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.

BERKSHIRE HATHAWAY INC (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.

BERKSHIRE HATHAWAY INC (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.

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