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Warren Buffett's diversified holding company owning insurance (GEICO, reinsurance), railroads (BNSF), utilities and dozens of other businesses.
Warren Buffett's diversified holding company owning insurance (GEICO, reinsurance), railroads (BNSF), utilities and dozens of other businesses.
Runs as a holding company whose engine is insurance: policyholders pay premiums up front, and Berkshire invests that float until claims are paid. Subsidiaries, from BNSF railway to its utility, manufacturing and retail units, send cash to the centre, which Warren Buffett allocated for decades; Greg Abel became chief executive at the start of 2026.
Moat: wide (scale, brand, distribution). Enormous permanent capital base and insurance float fund a decentralized group of durable, cash-generative businesses.
Headquarters: Omaha, Nebraska, United States · Founded: 1955 · Employees: 387,815
Size Berkshire Hathaway (BRK-B) is a United States Financials company (Property/Casualty Insurance) with a market value of $1.22T, the 12th largest of 3,117 United States companies the cockpit tracks. Shares closed at $570.89 on 6 Nov 2026.
Performance Over six months the shares gained 19.9%, against +17.7% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 3.9% over the last twelve months (peer median +2.3%); the operating margin is 16.2% (peer median 15.0%).
Valuation It trades at 1.64× book value against a peer median of 1.96× (9th cheapest of 21).
Price implies The share price implies a return on equity of about 10.8%; Berkshire Hathaway delivers 12.1%, so the price asks less than the business earns today.
Next results Next results expected around 22 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $385B | $371B | $371B | $364B | $302B |
| Revenue growth | — | 0% | +2% | +21% | — |
| Gross profit | $90.5B | $87.8B | $86.6B | $70.9B | $59.4B |
| EBITDA | $76.5B | $72.4B | $72.3B | $60.6B | $52.5B |
| Net income | $85.8B | $67.0B | $89.0B | $96.2B | -$22.8B |
| Free cash flow | $24.2B | $25.0B | $11.6B | $29.8B | $21.9B |
| Capital expenditure | $22.4B | $20.9B | $19.0B | $19.4B | $15.5B |
| Total debt | $129B | $136B | $144B | $134B | $128B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Berkshire Hathaway BRK-B | $1.22T | +20% | +4% | 12% | 1.64× | 10.8% |
| Markel MKL | $23.7B | +7% | -1% | 10% | 1.28× | 9.2% |
| Loews L | $22.2B | +5% | +3% | 8% | 1.22× | 8.3% |
| Fairfax Financial FFH.TO | $42.7B | +21% | -1% | 16% | 1.40× | 7.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BRK-B | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.7% | +9.6% | 5th highest of 21 |
| 6-month return | +19.9% | +17.7% | 9th highest of 21 |
| Return on equity | 12.1% | 16.5% | 5th lowest of 21 |
| Price / book | 1.64× | 1.96× | 9th cheapest of 21 |
| Trailing P/E | 14.3× | 12.7× | 8th most expensive of 20 |
| ROE the price implies | 10.8% | 10.5% | 11th least demanding of 21 |
| ROE delivered | 12.1% | 16.5% | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Berkshire Hathaway BRK-B | United States | $1.22T | +20% | +4% | 12% | 1.64× | 10.8% | 12.1% |
| Chubb CB | United States | $139B | +15% | +6% | 15% | 1.91× | 9.4% | 15.5% |
| Tokio Marine 8766.T | Japan | $105B | +35% | 0% | 12% | 1.98× | 6.7% | 11.8% |
| Travelers Companies (The) TRV | United States | $81.0B | +33% | +1% | 28% | 2.79× | 13.9% | 27.5% |
| PICC Property & Casualty 2328.HK | Hong Kong | $48.9B | +16% | +9% | 17% | 1.09× | 5.8% | 16.5% |
| Fairfax Financial FFH.TO | Canada | $42.7B | +21% | -1% | 16% | 1.40× | 7.0% | 15.8% |
| Hartford (The) HIG | United States | $35.8B | +1% | +4% | 23% | 1.94× | 11.3% | 22.7% |
| Sampo SAMPO.HE | Finland | $29.1B | +10% | +2% | 16% | 3.60× | 11.3% | 16.5% |
| QBE Insurance QBE.AX | Australia | $27.7B | +19% | +3% | 19% | 2.37× | 11.3% | 19.1% |
| Markel MKL | United States | $23.7B | +7% | -1% | 10% | 1.28× | 9.2% | 9.6% |
| Loews L | United States | $22.2B | +5% | +3% | 8% | 1.22× | 8.3% | 8.1% |
| SamsungF&MIns 000810.KS | South Korea | $17.2B | +31% | +5% | 8% | 0.71× | 4.8% | 8.1% |
| Admiral ADM.L | United Kingdom | $16.1B | +23% | 0% | 46% | 8.04× | 33.5% | 45.6% |
| Everest EG | United States | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% | 12.8% |
| Assurant AIZ | United States | $15.1B | +29% | +9% | 44% | 2.60× | 14.6% | 44.2% |
| Insurance Australia IAG.AX | Australia | $14.4B | +17% | +9% | 14% | 2.87× | 13.1% | 14.0% |
| RenaissanceRe RNR | United States | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% | 13.4% |
| American Financial AFG | United States | $12.8B | +18% | +3% | 18% | 2.67× | 15.1% | n/a |
| Erie Indemnity ERIE | United States | $12.7B | +26% | +2% | 24% | 4.98× | 19.7% | 23.7% |
| Hanover Insurance THG | United States | $8.35B | +28% | +5% | 22% | 2.43× | 11.2% | 21.8% |
| Scor SCR.PA | France | $6.96B | +10% | -4% | 19% | 1.44× | 9.8% | 18.8% |