{ "ok": true, "cik": "1067983", "ticker": "BRK-B", "name": "BERKSHIRE HATHAWAY INC", "filings": [ { "form": "8-K", "filed": "2026-08-11", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526344495/0001193125-26-344495-index.htm" }, { "form": "10-Q", "filed": "2026-08-10", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526341032/0001193125-26-341032-index.htm" }, { "form": "8-K", "filed": "2026-05-07", "items": [ "2.02 Results of Operations and Financial Condition", "5.02 Departure or Election of Directors; Appointment of Officers", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526212148/0001193125-26-212148-index.htm" }, { "form": "10-Q", "filed": "2026-05-04", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526202243/0001193125-26-202243-index.htm" }, { "form": "8-K", "filed": "2026-04-16", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526159326/0001193125-26-159326-index.htm" }, { "form": "DEF 14A", "filed": "2026-03-13", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526106253/0001193125-26-106253-index.htm" } ], "events12m": 9, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-05-07", "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526212148/0001193125-26-212148-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001067983.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1067983" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up BERKSHIRE HATHAWAY INC ($BRK-B). Last filing: 8-K (2.02 Results of Operations and Financial Condition), 2026-08-11. 9 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 371444000000, "revenueGrowth1y": 0.000029615031513108292, "revenueGrowthPerYear": 0.07689488692162905, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.18107709372072237, "operatingCashFlow": 45969000000, "capitalSpending": 20927000000, "freeCashFlow": 25042000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 52569000000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 276185000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 302020000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 364482000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 371433000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 371444000000 } ], "totalEquity": 717419000000, "totalAssets": 1222176000000, "equityRatio": 0.5870013811431414, "returnOnEquity": 0.0937527442122386, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": null, "sharesOutstanding": null, "bookValuePerShare": null, "revenuePerShare": null, "range80": { "low": 334973498829.862, "high": 412379527865.151, "baseline": 384710466094.7275, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.08512488843280466, "classVolatility": 0.06659579566308972, "volatility": 0.07642397081641807 }, "ifPaceHeld": { "low": 334973498829.862, "high": 412379527865.151 } }, "edgarette": "🔖 Exposure: revenue $371.4B (FY2025). Experience: revenue up 0.0% on the year, up 7.7% a year over 4 years. Soundness: equity 58.7% of assets, return on equity 9.4%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $335.0B and $412.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $305.7B to $448.2B. A statistical range, not company guidance. Against peers (54 filers, $50M+ revenue, fire, marine & casualty insurance): growth 0.0% against 7.4%.", "peers": { "sic": 6331, "sicDescription": "Fire, Marine & Casualty Insurance", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6331", "growth": [ 0.0737, 54 ], "equityRatio": [ 0.2473, 53 ], "returnOnEquity": [ 0.1435, 51 ], "payoutRatio": [ 0.1557, 35 ] }, "summary": "Berkshire Hathaway (BRK-B) grew revenue 0.0% in FY2025 to $371.4 billion, equity 58.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
BERKSHIRE HATHAWAY INC against its own record and its peers
Revenue, on the yearPeer median 7.4%0.0%Equity of assetsPeer median 24.7%58.7%Return on equityPeer median 14.3%9.4%Gold tick: the median of 51–53 peers with $50M+ revenue in fire, marine & casualty insurance
", "chartHorizon": null, "backtest": { "tests": 15, "hits": 11, "rate": 0.7333333333333333, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:57:10.983Z", "hash": "0d3dcd4368b86f49", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Berkshire Hathaway (BRK-B) grew revenue 0.0% in FY2025 to $371.4 billion, equity 58.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 371444000000, "totalDebt": null, "cash": 52569000000 }, "experience": { "revenueGrowth1y": 0.000029615031513108292, "revenueGrowthPerYear": 0.07689488692162905, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.18107709372072237, "freeCashFlow": 25042000000 }, "soundness": { "equityRatio": 0.5870013811431414, "returnOnEquity": 0.0937527442122386, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6331, "sicDescription": "Fire, Marine & Casualty Insurance", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6331", "growth": [ 0.0737, 54 ], "equityRatio": [ 0.2473, 53 ], "returnOnEquity": [ 0.1435, 51 ], "payoutRatio": [ 0.1557, 35 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-05-07", "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526212148/0001193125-26-212148-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 334973498829.862, "high": 412379527865.151, "baseline": 384710466094.7275, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.08512488843280466, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.07642397081641807, "k": 3 }, "stress": { "low": 305737521605.8925, "high": 448204458369.5576, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 11, "rate": 0.7333333333333333, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:57:10.983Z", "hash": "0d3dcd4368b86f49", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001067983.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1067983" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1238, "growth3y": 0.0714, "volatility": 0.0851, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.587, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 12.4% of revenue into operating cash; revenue growing 7.1% a year over three years; no common dividend.", "outside": "Among $10B+ companies: 47th percentile for cash, 64th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$10B+", "cashPctInClass": 47, "growthPctInClass": 64, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 45969000000, "investing": -44487000000, "financing": 2233000000, "capitalSpending": 20927000000, "free": 25042000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 39427000000, "free": 26151000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 37350000000, "free": 21886000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 49196000000, "free": 29787000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 30592000000, "free": 11616000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 45969000000, "free": 25042000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 52569000000, "shortTerm": null, "longTerm": 116000000, "equityHoldings": 297778000000, "totalAssets": 1222176000000, "ladder": { "within1y": null, "y1to5": null, "y5to10": null, "y10plus": null, "noSingleDate": 116000000 }, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1238, "growth3y": 0.0714, "volatility": 0.0851, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.587, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 12.4% of revenue into operating cash; revenue growing 7.1% a year over three years; no common dividend.", "outside": "Among $10B+ companies: 47th percentile for cash, 64th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$10B+", "cashPctInClass": 47, "growthPctInClass": 64, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 45969000000, "investing": -44487000000, "financing": 2233000000, "capitalSpending": 20927000000, "free": 25042000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 39427000000, "free": 26151000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 37350000000, "free": 21886000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 49196000000, "free": 29787000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 30592000000, "free": 11616000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 45969000000, "free": 25042000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 52569000000, "shortTerm": null, "longTerm": 116000000, "equityHoldings": 297778000000, "totalAssets": 1222176000000, "ladder": { "within1y": null, "y1to5": null, "y5to10": null, "y10plus": null, "noSingleDate": 116000000 }, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }