BRK-B
BERKSHIRE HATHAWAY INC
Next earnings Jul 31, 2026 · consensus $7486.77 EPS, $95.4B rev
Last earnings +1.1% on 2026-05-07
$507.78
▲ +2.37%$507.78▲ +4.55%
over 1Y
L $459.11H $513.81
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.4%
1W+4.1%
1M+7.7%
3M+6.4%
YTD+2.2%
1Y+4.6%
Hold
Conviction
Horizon
Long (>12mo)
Street · 10 analysts
Sell
Fortress balance sheet and high-quality businesses, but flat revenue, a modest 9.3% ROE and full price make it own-don't-chase.
Revenue $247B · FY2025
Berkshire is exactly what the 10-K describes: a decentralized holding company spanning insurance, BNSF rail, Berkshire Hathaway Energy utilities, and a wide group of manufacturing, services and retailing businesses (~387,800 employees), run with capital allocation concentrated in the CEO. The balance sheet is a fortress — $717B of stockholders' equity (+10.5%), liabilities/equity of just 0.70x, $763B of retained earnings, $52.6B of cash, a clean Deloitte audit and internal controls judged effective as of 12/31/2025. Operating cash flow jumped 50.3% to $46.0B. This is a durable, well-financed compounder, not a balance-sheet risk.
The scary-looking headline — net income down 24.8% to $67.0B — is largely optical. The five-year history (net income of -$22.8B in 2022, $96.2B in 2023, $89.0B in 2024, $67.0B in 2025) reflects GAAP mark-to-market on the equity portfolio, not operational decay. Revenue has held in a tight ~$247B–$255B band for three years (FY2025 -1.0%), and net margin is still 27.1%. The underlying businesses are steady; reported profit is just noisy.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 19, 2026, 1:52 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $191B | $208B | $255B | $250B | $247B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $89.9B | -$22.8B | $96.2B | $89.0B | $67.0B |
| Diluted EPS | — | — | — | — | — |
| Net margin | 47.0% | -11.0% | 37.7% | 35.6% | 27.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF43.7
PEG (trailing)—
Earnings yield6.1%
FCF yield2.3%
Quality & risk
ROIC (est.)2.2%
Free cash flow$25.0B
Total debt—
Net cash$52.6B
Piotroski F-Score3/6
Capital returns
Buyback yield0.3%
Dividend yield (est.)—
Shareholder yield0.3%
Shares Δ YoY-0.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Officer / director change2026-05-07
Annual meeting: shareholder vote results, board/officer & bylaw changes filed
- 10-Q Quarterly report2026-05-04
Q1 2026 10-Q: quarterly results and investment holdings detail filed
- 8-K Other event2026-04-16
Other-events disclosure (corporate/financing update); no earnings impact
- DEF 14A Proxy statement2026-03-13
2026 proxy: director nominees, exec pay and shareholder proposals
- 8-K Other event2026-03-05
Routine other-events disclosure; no material financial change
- 8-K Earnings results2026-03-02
FY2025 10-K: clean Deloitte audit, ICFR effective; equity $717B (+11%)
- 10-K Annual report2026-03-02
FY2025 10-K: clean Deloitte audit, ICFR effective; equity $717B (+11%)
- 8-K/A Amended 8-K2026-01-06
Amended prior 8-K (added exhibits/financials); no new material change
- 8-K Officer / director change2025-12-11
Board/officer change ahead of Greg Abel's Jan-2026 CEO transition
Recent filings
all on EDGAR ↗4Period ending 2026-07-012026-07-02open ↗11-KPeriod ending 2025-12-312026-06-25open ↗S-8 POSFiling2026-06-22open ↗S-8 POSFiling2026-06-22open ↗S-8 POSFiling2026-06-22open ↗11-KPeriod ending 2025-12-312026-06-18open ↗11-KPeriod ending 2025-12-312026-06-16open ↗11-KPeriod ending 2025-12-312026-06-15open ↗11-KPeriod ending 2025-12-312026-06-12open ↗11-KPeriod ending 2025-12-312026-06-12open ↗11-KPeriod ending 2025-12-312026-06-12open ↗3Period ending 2026-06-012026-06-10open ↗
Frequently asked
- Is BERKSHIRE HATHAWAY INC (BRK-B) a buy?
- BRK-B currently carries a Hold rating with 4/5 conviction, derived from its latest SEC filings. Fortress balance sheet and high-quality businesses, but flat revenue, a modest 9.3% ROE and full price make it own-don't-chase.
- What is BERKSHIRE HATHAWAY INC's quality score?
- BRK-B scores 63.99875457038391/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001067983, latest 10-Q filed 2026-05-04) · EODHD · Proprietary analysis · as of 6/19/2026, 5:52:57 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.