Stock · BRK-B · Financial Services
United States · Large Cap · listed since 1996 · Revenue 12 mo. $384.7B
Price as of 11/06/2026
Summary
51.7 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
Book value €954.8B, market value €1.1T (P/B 1.1). At a 9% discount rate, the premium over book value only pays off with a lasting 10.1% return on equity.
Required return on equity per year
10.1%
no perpetual growth
with respect to the priced-in expectation
with respect to the priced-in expectation
AI summary of the 2025 annual report
A language model selected and condensed statements from the report. Each statement carries a verbatim quote. The selection is not complete and shows the state of the report. It gives no rating and does not feed into the score.
Form 10-K, fiscal year ended 12/31/2025, filed 03/02/2026. Open the report at the SEC
Berkshire is a holding company that owns subsidiaries in many different business areas.
Berkshire Hathaway Inc. (“Berkshire,” “Company” or “Registrant”) is a holding company owning subsidiaries engaged in numerous diverse business activities.Berkshire's insurance subsidiaries sell insurance and reinsurance covering property, casualty, life and health risks worldwide.
Berkshire’s insurance subsidiaries provide insurance and reinsurance of property and casualty risks as well as life and health risks worldwide.GEICO's insurance companies mainly sell private car insurance to individuals in all 50 states and the District of Columbia.
The GEICO insurance subsidiaries’ principal business is the sale of private passenger automobile insurance to individuals in all 50 states and the District of Columbia.BNSF Railway transports products from manufacturing, farming and natural resource industries.
BNSF Railway transports a range of products and commodities derived from manufacturing, agricultural and natural resource industries.BHE's domestic regulated energy businesses are four US utility companies serving approximately 5.4 million retail customers, plus five US natural gas pipeline companies.
BHE’s domestic regulated energy interests are comprised of four regulated U.S. utility companies (collectively, “U.S. utilities”) serving approximately 5.4 million retail customers and five U.S. interstate natural gas pipeline companiesBH Direct and GUARD mainly sell commercial insurance to small and medium-sized businesses.
Berkshire Hathaway Direct Insurance Company and its affiliates (“BH Direct”) and the GUARD Insurance Companies (“GUARD”) primarily offer commercial insurance products to small and medium-sized businesses.McLane distributes goods wholesale in all 50 states. Its customers include convenience stores, discount retailers, wholesale clubs, drug stores and restaurants.
McLane Company, Inc. (“McLane”) provides wholesale distribution services in all 50 states to customers that include convenience stores, discount retailers, wholesale clubs, drug stores, military bases, quick service restaurants and casual dining restaurants.Shaw sells its products wholesale to more than 42,000 retailers, distributors and commercial users worldwide.
Shaw products are sold wholesale to over 42,000 retailers, distributors and commercial users throughout the world.BNSF Railway's main rail competitor in the western US is Union Pacific Railroad.
BNSF Railway’s primary rail competitor in the Western region of the U.S. is Union Pacific Railroad Company.Insurers compete on factors such as reliability, financial strength and stability, financial ratings, service, price and policy terms.
Insurers compete based on reliability, financial strength and stability, financial ratings, underwriting consistency, service, business ethics, price, performance, capacity, policy terms and coverage conditions.Depending on the specific market, trucking companies, other railroads, barges, ships and pipelines may put pressure on prices and service levels.
Depending on the specific market, deregulated motor carriers and other railroads, as well as river barges, ships and pipelines, may exert pressure on price and service levels.Berkshire could suffer a large loss from one catastrophe, such as a natural disaster, terrorism or a cyber-attack.
Accordingly, we could incur a significant loss from a single catastrophe event resulting from a natural disaster or man-made catastrophes such as terrorism or cyber-attacks.Estimated unpaid losses on property and casualty contracts are large, at $151.8 billion at December 31, 2025. A small percentage increase in them can cause a material drop in reported earnings.
Our estimated unpaid losses arising under contracts covering property and casualty insurance risks are large ($151.8 billion at December 31, 2025), and a small percentage increase to those liabilities can result in a material reduction in reported earnings.A significant fall in the value of Berkshire's larger stock investments may cause a material drop in its shareholders' equity and earnings.
A significant decline in the fair values of our larger investments in equity securities may produce a material decline in our consolidated shareholders’ equity and our consolidated earnings.Berkshire depends on a few key people for its major investment and capital allocation decisions.
We are dependent on a few key people for our major investment and capital allocation decisions.Government policy changes that limit or replace coal as a power fuel, or restrict other goods BNSF carries, could hurt BNSF's revenue and earnings.
Changes in government policies that limit, restrict or displace coal as a fuel source in generating electricity, or limit or restrict other commodities that BNSF transports, could adversely affect revenues and earnings.Since the last quarter
Q1 → Q2 2026
4 more unchanged: Revenue, 12 mo., EBIT margin, Shares outstanding, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 9.33% | 12.46% | Rank 27 |
| Return on capital (Greenblatt) | 9.10% | 59.04% | Rank 23 |
| EBIT margin | 15.85% | 23.06% | Rank 27 |
| FCF margin | 6.74% | 19.82% | Rank 20 |
| Gross margin | 23.63% | 65.53% | Rank 6 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 0.00% | 7.39% | Rank 25 |
| Earnings growth, 3 years per yeardoes not count towards the rank | – | 15.20% | |
| Earnings growth, 5 years per yeardoes not count towards the rank | – | 15.17% | |
| Sustainable growth (ROE × retained earnings) | 5.63% | 1.25% | Rank 90 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 8.33% | 6.47% | Rank 75 |
| FCF yield | 2.10% | 7.16% | Rank 19 |
| EV/saleslower is better | 2.58 | 2.82 | Rank 54 |
| EV/EBITlower is better | 16.27 | 14.24 | Rank 39 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 6.16% | 7.80% | Rank 46 |
| Share price, 6 months | 20.43% | 8.71% | Rank 84 |
| Share price, 3 months | 14.54% | 0.45% | Rank 88 |
| Distance from 52-week high | −1.42% | −10.68% | Rank 94 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | 5.51% | 1.23% | Rank 19 |
| Change in share countlower is betterdoes not count towards the rank | – | −0.60% | |
| Dividend streak in years | – | 5 | Rank 6 |
| Price reaction to results, market-adjusted | −0.85% | 0.00% | Rank 33 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 58.70% | 9.21% | Rank 93 |
| Net debt/EBITDAlower is better | −3.24 | 0.12 | Rank 77 |
| Debt to equitylower is better | 0.19 | 0.90 | Rank 87 |
| Volatility, 1 yearlower is better | 14.79% | 25.95% | Rank 98 |
Ten years in figures
| Year | Revenue, $B | Net income, $B | Return on equity | Shares |
|---|---|---|---|---|
| 2016 | 223.6 | 24.1 | 8.4% | 2.47B |
| 2017 | 242.1 | 44.9 | 12.8% | 2.47B |
| 2018 | 247.8 | 4.0 | 1.1% | 2.47B |
| 2019 | 254.6 | 81.4 | 19.0% | 2.45B |
| 2020 | 245.5 | 42.5 | 9.4% | 2.39B |
| 2021 | 354.6 | 89.8 | 17.4% | 2.27B |
| 2022 | 302.1 | −22.8 | −4.8% | 2.20B |
| 2023 | 364.5 | 96.2 | 16.9% | 2.17B |
| 2024 | 371.4 | 89.0 | 13.7% | 1.44M |
| 2025 | 371.4 | 67.0 | 9.3% | 1.44M |
0 of 7 StockScorer Score rules met · How the score is built
Berkshire Hathaway Inc mainly meets criteria in the Profitability category. Result from 18 strategies checked.
This is how the StockScorer Score strategy, the flagship rule set, calculates the points for Berkshire Hathaway Inc. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
0 of 7 rules met
0 of 11 points
The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Berkshire Hathaway Inc.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 12.0 | 15.2 |
| P/B ratio | 1.1 | 1.8 |
| Return on equity (ROE) | 9.3% | 12.5% |
| Equity ratio | 58.7% | 9.2% |
| Debt-to-equity (D/E) | 0.19 | 0.90 |
| Dividend yield | 0.0% | 3.3% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| BRK-B | Berkshire Hathaway Incthis page | |
| ALV.DE | Allianz SE | Low7.3 |
| ZURN.SW | Zurich Insurance Group AG | locked |
| CS.PA | AXA SA | Low5.5 |
| G.MI | Assicurazioni Generali S.p.A. | locked |
| AIG | American International Group Inc | locked |
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