Berkshire Hathaway (BRK) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
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 SEC filings page.
Berkshire Hathaway Inc. (BRK) 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).
Revenue has flattened while equity compounds and cash flow rebounds, revealing a balance-sheet-led business with unusually variable earnings.
In FY2025, net income fell24.8% while operating cash flow rose50.3% , so the accounting earnings decline did not carry through to cash generation. That divergence, alongside free cash flow recovering to$25.0B from$11.6B , points to volatile reported earnings rather than a matching collapse in underlying cash conversion.
From FY2023 to FY2025, equity grew
Capital expenditures consumed
Financial Health Signals
We do not publish a peer-relative financial health score for Berkshire Hathaway Inc., because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
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, the one computable operating efficiency signal (asset turnover improving) does not pass.
Key Financial Metrics
Earnings & Revenue
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%.
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%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
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%.
Berkshire Hathaway Inc. held $41.4B in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
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.
Berkshire Hathaway Inc.'s quarterly ROE was 3.4% in Q2 2026: one quarter's net income over shareholder equity, not annualized. 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.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
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%.
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%.
Not reported for Q2 2026.
BRK 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-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% | $6.0Bn/m |
| 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% | $26.3Bn/m |
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 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-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% |
| 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% |
| 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, Short-Term Investments, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
BRK 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-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% | $5.0Bn/m | $8.2Bn/m | $5.2B-42.4% | $6.6B+7.3% | -$726.0M-108.4% | -$2.9B-134.6% |
| Investing Cash Flow | -$24.3B-149.3% | -$4.3Bn/m | -$38.4B-999.5% | -$39.1Bn/m | $49.4Bn/m | -$16.4Bn/m | $4.3Bn/m | -$3.9Bn/m |
| Financing Cash Flow | -$4.3Bn/m | $174.0M+228.3% | $2.5B+51.9% | $835.0Mn/m | -$1.2B-236.5% | $53.0Mn/m | $1.7Bn/m | -$3.1Bn/m |
| Share Buybacks | $4.2B | $235.0M | N/A | N/A | N/A | N/A | $0-100.0% | $0-100.0% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.
BRK 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 25.2%+11.8pp | 10.8%+5.7pp | 20.4%-0.4pp | 32.4%+4.2pp | 13.4%-19.0pp | 5.1%-9.0pp | 20.8%-19.5pp | 28.2%+41.9pp |
| Return on Equity | 3.4%+1.6pp | 1.4%+0.7pp | 2.7%-0.3pp | 4.4%+0.2pp | 1.8%-3.2pp | 0.7%-1.5pp | 3.0%-3.7pp | 4.2%+6.6pp |
| Return on Assets | 2.0%+1.0pp | 0.8%+0.4pp | 1.6%-0.1pp | 2.5%+0.2pp | 1.1%-1.7pp | 0.4%-0.8pp | 1.7%-1.8pp | 2.3%+3.5pp |
| Liabilities-to-Equity | 0.69-0.1x | 0.72-0.1x | 0.70-0.1x | 0.75-0.1x | 0.74-0.1x | 0.78-0.1x | 0.77-0.1x | 0.82-0.1x |
| Asset Turnover | 0.080.0x | 0.070.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.080.0x |
| FCF Margin | 5.5%-0.2pp | 5.8%-1.6pp | 5.3%+6.1pp | 8.6%+11.8pp | 5.7%-4.0pp | 7.4%+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, Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. BRK | FY2025 | $371.4B | $67.0B | 18.0% | $1.2T | — |
| Sun Life Financial Inc. SLF | FY2025 | $30.6B | $2.6B | 8.5% | $44.8B | 54/100 |
| American International Group, Inc. AIG | FY2025 | $26.8B | $3.1B | 11.6% | $43.1B | 54/100 |
| The Hartford Insurance Group, Inc. HIG | FY2025 | $28.4B | $3.8B | 13.5% | $36.2B | 57/100 |
| Arch Capital Group Ltd ACGL | FY2025 | $19.9B | $4.4B | 22.1% | $35.7B | 73/100 |
| Aegon Ltd. AEG | FY2025 | N/A | $1.1B | N/A | $12.0B | — |
Where Berkshire Hathaway Inc. Ranks
Frequently Asked Questions
Berkshire Hathaway Inc. (BRK) 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.
Berkshire Hathaway Inc. (BRK) revenue was essentially unchanged year-over-year, at $371.4B in fiscal year 2025 against $371.4B the year before.
Yes, Berkshire Hathaway Inc. (BRK) reported a net income of $85.8B over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $67.0B, with a net profit margin of 18.0%.
Berkshire Hathaway Inc. (BRK) 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) 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) 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) generated $46.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Berkshire Hathaway Inc. (BRK) had $1.2T in total assets as of fiscal year 2025, including both current and long-term assets.
Berkshire Hathaway Inc. (BRK) invested $20.9B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Berkshire Hathaway Inc. (BRK) had a liabilities-to-equity ratio of 0.70 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Berkshire Hathaway Inc. (BRK) 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) trades at 13.9x earnings, its market capitalization divided by $85.8B net income, trailing 12 months to June 30, 2026. The market capitalization is $1.2T as of Nov 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Berkshire Hathaway Inc. (BRK) trades at 3.1x sales, its market capitalization divided by $384.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.2T as of Nov 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Berkshire Hathaway Inc. (BRK) 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.