B

BERKSHIRE HATHAWAY INC

BRK-B · CIK 0001067983insurer template: specialized rows coming in Phase 1

19 fiscal years · 67 SEC filings · every number carries its receipt

Revenue (FY)
$247.24B1.0%
FY2025
Net income (FY)
$66.97B24.8%
FY2025
Free cash flow (FY)
$25.04B115.6%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$100B$200BFY2007 · Revenue $118.25B · Net income $13.21B · 0001193125-10-043450 · filed 2010-03-01FY07Revenue $118.25BNet income $13.21B0001193125-10-043450 · filed 2010-03-01FY2008 · Revenue $107.79B · Net income $4.99B · 0001193125-11-048914 · filed 2011-02-28FY08Revenue $107.79BNet income $4.99B0001193125-11-048914 · filed 2011-02-28FY2009 · Revenue $112.49B · Net income $8.05B · 0001193125-12-079022 · filed 2012-02-27FY09Revenue $112.49BNet income $8.05B0001193125-12-079022 · filed 2012-02-27FY2010 · Revenue $136.19B · Net income $12.97B · 0001193125-13-087679 · filed 2013-03-01FY10Revenue $136.19BNet income $12.97B0001193125-13-087679 · filed 2013-03-01FY2011 · Revenue $143.69B · Net income $10.25B · 0001193125-14-078778 · filed 2014-03-03FY11Revenue $143.69BNet income $10.25B0001193125-14-078778 · filed 2014-03-03FY2012 · Revenue $162.46B · Net income $14.82B · 0001193125-15-070966 · filed 2015-03-02FY12Revenue $162.46BNet income $14.82B0001193125-15-070966 · filed 2015-03-02FY2013 · Revenue $182.15B · Net income $19.48B · 0001193125-16-483023 · filed 2016-02-29FY13Revenue $182.15BNet income $19.48B0001193125-16-483023 · filed 2016-02-29FY2014 · Revenue $194.70B · Net income $19.87B · 0001193125-17-056969 · filed 2017-02-27FY14Revenue $194.70BNet income $19.87B0001193125-17-056969 · filed 2017-02-27FY2015 · Revenue $210.94B · Net income $24.08B · 0001193125-18-057033 · filed 2018-02-26FY15Revenue $210.94BNet income $24.08B0001193125-18-057033 · filed 2018-02-26FY2016 · Revenue $215.11B · Net income $24.07B · 0001193125-19-048926 · filed 2019-02-25FY16Revenue $215.11BNet income $24.07B0001193125-19-048926 · filed 2019-02-25FY2017 · Revenue $239.93B · Net income $44.94B · 0001564590-20-005874 · filed 2020-02-24FY17Revenue $239.93BNet income $44.94B0001564590-20-005874 · filed 2020-02-24FY2018 · Revenue $175.44B · Net income $4.02B · 0001564590-21-009611 · filed 2021-03-01FY18Revenue $175.44BNet income $4.02B0001564590-21-009611 · filed 2021-03-01FY2019 · Revenue $176.51B · Net income $81.42B · 0001564590-22-007322 · filed 2022-02-28FY19Revenue $176.51BNet income $81.42B0001564590-22-007322 · filed 2022-02-28FY2020 · Revenue $166.73B · Net income $42.52B · 0000950170-23-004451 · filed 2023-02-27FY20Revenue $166.73BNet income $42.52B0000950170-23-004451 · filed 2023-02-27FY2021 · Revenue $191.25B · Net income $89.94B · 0000950170-24-019719 · filed 2024-02-26FY21Revenue $191.25BNet income $89.94B0000950170-24-019719 · filed 2024-02-26FY2022 · Revenue $207.77B · Net income −$22.76B · 0000950170-25-025210 · filed 2025-02-24FY22Revenue $207.77BNet income −$22.76B0000950170-25-025210 · filed 2025-02-24FY2023 · Revenue $254.91B · Net income $96.22B · 0001193125-26-083899 · filed 2026-03-02FY23Revenue $254.91BNet income $96.22B0001193125-26-083899 · filed 2026-03-02FY2024 · Revenue $249.71B · Net income $89.00B · 0001193125-26-083899 · filed 2026-03-02FY24Revenue $249.71BNet income $89.00B0001193125-26-083899 · filed 2026-03-02FY2025 · Revenue $247.24B · Net income $66.97B · 0001193125-26-083899 · filed 2026-03-02FY25Revenue $247.24BNet income $66.97B0001193125-26-083899 · filed 2026-03-02FY25Revenue $247.24BNet income $66.97B0001193125-26-083899 · filed 2026-03-02FY07FY10FY13FY16FY19FY22FY25

revenue 2.1× since FY2007 · net margin 11.2% → 27.1%

MarginsNet marginFCF margin
0%20%40%FY2007 · Net margin 11.2% · FCF margin 6.1%FY07Net margin 11.2%FCF margin 6.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 4.6% · FCF margin 4.7%FY08Net margin 4.6%FCF margin 4.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 7.2% · FCF margin 9.7%FY09Net margin 7.2%FCF margin 9.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 9.5% · FCF margin 8.7%FY10Net margin 9.5%FCF margin 8.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 7.1% · FCF margin 8.5%FY11Net margin 7.1%FCF margin 8.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 9.1% · FCF margin 6.9%FY12Net margin 9.1%FCF margin 6.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 10.7% · FCF margin 9.1%FY13Net margin 10.7%FCF margin 9.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 10.2% · FCF margin 8.6%FY14Net margin 10.2%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 11.4% · FCF margin 7.3%FY15Net margin 11.4%FCF margin 7.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 11.2% · FCF margin 9.2%FY16Net margin 11.2%FCF margin 9.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 18.7% · FCF margin 14.2%FY17Net margin 18.7%FCF margin 14.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 2.3% · FCF margin 13.0%FY18Net margin 2.3%FCF margin 13.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 46.1% · FCF margin 12.9%FY19Net margin 46.1%FCF margin 12.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 25.5% · FCF margin 16.1%FY20Net margin 25.5%FCF margin 16.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 47.0% · FCF margin 13.7%FY21Net margin 47.0%FCF margin 13.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin -11.0% · FCF margin 10.5%FY22Net margin -11.0%FCF margin 10.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 37.7% · FCF margin 11.7%FY23Net margin 37.7%FCF margin 11.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 35.6% · FCF margin 4.7%FY24Net margin 35.6%FCF margin 4.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 27.1% · FCF margin 10.1%FY25Net margin 27.1%FCF margin 10.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 27.1%FCF margin 10.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 27.1% · free cash flow 10.1% of revenue

Cash engineOperating cash flowFree cash flow
$0$20B$40BFY2007 · OCF $12.55B · FCF $7.18B · 0001193125-10-043450 · filed 2010-03-01FY07OCF $12.55BFCF $7.18B0001193125-10-043450 · filed 2010-03-01FY2008 · OCF $11.25B · FCF $5.11B · 0001193125-11-048914 · filed 2011-02-28FY08OCF $11.25BFCF $5.11B0001193125-11-048914 · filed 2011-02-28FY2009 · OCF $15.85B · FCF $10.91B · 0001193125-11-048914 · filed 2011-02-28FY09OCF $15.85BFCF $10.91B0001193125-11-048914 · filed 2011-02-28FY2010 · OCF $17.89B · FCF $11.91B · 0001193125-11-048914 · filed 2011-02-28FY10OCF $17.89BFCF $11.91B0001193125-11-048914 · filed 2011-02-28FY2011 · OCF $20.48B · FCF $12.29B · 0001193125-14-078778 · filed 2014-03-03FY11OCF $20.48BFCF $12.29B0001193125-14-078778 · filed 2014-03-03FY2012 · OCF $20.95B · FCF $11.18B · 0001193125-15-070966 · filed 2015-03-02FY12OCF $20.95BFCF $11.18B0001193125-15-070966 · filed 2015-03-02FY2013 · OCF $27.70B · FCF $16.62B · 0001193125-16-483023 · filed 2016-02-29FY13OCF $27.70BFCF $16.62B0001193125-16-483023 · filed 2016-02-29FY2014 · OCF $32.01B · FCF $16.82B · 0001193125-17-056969 · filed 2017-02-27FY14OCF $32.01BFCF $16.82B0001193125-17-056969 · filed 2017-02-27FY2015 · OCF $31.49B · FCF $15.41B · 0001193125-18-057033 · filed 2018-02-26FY15OCF $31.49BFCF $15.41B0001193125-18-057033 · filed 2018-02-26FY2016 · OCF $32.65B · FCF $19.69B · 0001193125-19-048926 · filed 2019-02-25FY16OCF $32.65BFCF $19.69B0001193125-19-048926 · filed 2019-02-25FY2017 · OCF $45.73B · FCF $34.02B · 0001564590-20-005874 · filed 2020-02-24FY17OCF $45.73BFCF $34.02B0001564590-20-005874 · filed 2020-02-24FY2018 · OCF $37.40B · FCF $22.86B · 0001564590-21-009611 · filed 2021-03-01FY18OCF $37.40BFCF $22.86B0001564590-21-009611 · filed 2021-03-01FY2019 · OCF $38.69B · FCF $22.71B · 0001564590-22-007322 · filed 2022-02-28FY19OCF $38.69BFCF $22.71B0001564590-22-007322 · filed 2022-02-28FY2020 · OCF $39.77B · FCF $26.76B · 0000950170-23-004451 · filed 2023-02-27FY20OCF $39.77BFCF $26.76B0000950170-23-004451 · filed 2023-02-27FY2021 · OCF $39.43B · FCF $26.15B · 0000950170-24-019719 · filed 2024-02-26FY21OCF $39.43BFCF $26.15B0000950170-24-019719 · filed 2024-02-26FY2022 · OCF $37.35B · FCF $21.89B · 0000950170-25-025210 · filed 2025-02-24FY22OCF $37.35BFCF $21.89B0000950170-25-025210 · filed 2025-02-24FY2023 · OCF $49.20B · FCF $29.79B · 0001193125-26-083899 · filed 2026-03-02FY23OCF $49.20BFCF $29.79B0001193125-26-083899 · filed 2026-03-02FY2024 · OCF $30.59B · FCF $11.62B · 0001193125-26-083899 · filed 2026-03-02FY24OCF $30.59BFCF $11.62B0001193125-26-083899 · filed 2026-03-02FY2025 · OCF $45.97B · FCF $25.04B · 0001193125-26-083899 · filed 2026-03-02FY25OCF $45.97BFCF $25.04B0001193125-26-083899 · filed 2026-03-02FY25OCF $45.97BFCF $25.04B0001193125-26-083899 · filed 2026-03-02’09’13’17’21’25

FY2025: $45.97B operating cash − $20.93B capex = $25.04B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2008 · ROE 4.6% · ROA 1.9%FY08ROE 4.6%ROA 1.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 6.1% · ROA 2.7%FY09ROE 6.1%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 8.2% · ROA 3.5%FY10ROE 8.2%ROA 3.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 6.2% · ROA 2.6%FY11ROE 6.2%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 7.9% · ROA 3.5%FY12ROE 7.9%ROA 3.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 8.8% · ROA 4.0%FY13ROE 8.8%ROA 4.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 8.3% · ROA 3.8%FY14ROE 8.3%ROA 3.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 9.4% · ROA 4.4%FY15ROE 9.4%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 8.5% · ROA 3.9%FY16ROE 8.5%ROA 3.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 12.9% · ROA 6.4%FY17ROE 12.9%ROA 6.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 1.2% · ROA 0.6%FY18ROE 1.2%ROA 0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 19.2% · ROA 10.0%FY19ROE 19.2%ROA 10.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 9.6% · ROA 4.9%FY20ROE 9.6%ROA 4.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 17.8% · ROA 9.4%FY21ROE 17.8%ROA 9.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -4.8% · ROA -2.4%FY22ROE -4.8%ROA -2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 17.1% · ROA 9.0%FY23ROE 17.1%ROA 9.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 13.7% · ROA 7.7%FY24ROE 13.7%ROA 7.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 9.3% · ROA 5.5%FY25ROE 9.3%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 9.3%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 5% (FY2008) → 9% (FY2025) · on assets 5.5%

Balance sheetLiabilitiesEquity
$0$500B$1TFY2008 · Liabilities $153.69B · Equity $109.27BFY08Liabilities $153.69BEquity $109.27B0001193125-10-043450 · filed 2010-03-01FY2009 · Liabilities $161.33B · Equity $131.10BFY09Liabilities $161.33BEquity $131.10B0001193125-11-048914 · filed 2011-02-28FY2010 · Liabilities $209.29B · Equity $157.32BFY10Liabilities $209.29BEquity $157.32B0001193125-12-079022 · filed 2012-02-27FY2011 · Liabilities $223.69B · Equity $164.85BFY11Liabilities $223.69BEquity $164.85B0001193125-13-087679 · filed 2013-03-01FY2012 · Liabilities $235.86B · Equity $187.65BFY12Liabilities $235.86BEquity $187.65B0001193125-14-078778 · filed 2014-03-03FY2013 · Liabilities $260.45B · Equity $221.89BFY13Liabilities $260.45BEquity $221.89B0001193125-15-070966 · filed 2015-03-02FY2014 · Liabilities $282.84B · Equity $240.17BFY14Liabilities $282.84BEquity $240.17B0001193125-16-483023 · filed 2016-02-29FY2015 · Liabilities $293.63B · Equity $255.55BFY15Liabilities $293.63BEquity $255.55B0001193125-17-056969 · filed 2017-02-27FY2016 · Liabilities $335.43B · Equity $282.07BFY16Liabilities $335.43BEquity $282.07B0001193125-18-057033 · filed 2018-02-26FY2017 · Liabilities $350.14B · Equity $348.30BFY17Liabilities $350.14BEquity $348.30B0001193125-19-048926 · filed 2019-02-25FY2018 · Liabilities $355.29B · Equity $348.70BFY18Liabilities $355.29BEquity $348.70B0001564590-20-005874 · filed 2020-02-24FY2019 · Liabilities $389.17B · Equity $424.79BFY19Liabilities $389.17BEquity $424.79B0001564590-21-009611 · filed 2021-03-01FY2020 · Liabilities $422.39B · Equity $443.16BFY20Liabilities $422.39BEquity $443.16B0001564590-21-009611 · filed 2021-03-01 · 0001564590-22-007322 · filed 2022-02-28FY2022 · Liabilities $466.78B · Equity $473.42BFY22Liabilities $466.78BEquity $473.42B0000950170-24-019719 · filed 2024-02-26FY2023 · Liabilities $499.21B · Equity $561.27BFY23Liabilities $499.21BEquity $561.27B0000950170-25-025210 · filed 2025-02-24FY2024 · Liabilities $502.23B · Equity $649.37BFY24Liabilities $502.23BEquity $649.37B0001193125-26-083899 · filed 2026-03-02FY2025 · Liabilities $502.47B · Equity $717.42BFY25Liabilities $502.47BEquity $717.42B0001193125-26-083899 · filed 2026-03-02FY25Liabilities $502.47BEquity $717.42B0001193125-26-083899 · filed 2026-03-02’08’12’16’20’25

FY2025: $1.22T assets · $502.47B liabilities · $717.42B equity

The receipts

Financial statements

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.