Friday 6 November 2026 Export BRK.B’s income statement to Excel — free account

Berkshire Hathaway Inc.

Berkshire Hathaway Inc.’s revenue for fiscal 2025 (year ended December 2025) was $371.4 billion, roughly unchanged from fiscal 2024.

Revenue: +10.0%
EPS: +107.9%
Free cash flow: +6.56%
Total debt: +1.24%

Quarter to June 2026, against a year earlier

570.63 1.70 −0.30%

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Market cap: $1.23T
P/E: 14.4×
Fwd P/E: 25.6×
Dividend yield: —
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Berkshire Hathaway Inc. (BRK.B) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2017: revenue by segment, and margins
Insurance Group	65,462	27.28%
Manufacturing Businesses	57,645	24.03%
McLane	49,775	20.75%
Service and Retailing	27,219	11.34%
BNSF	21,387	8.91%
Berkshire Hathaway Energy	18,854	7.86%
Gross margin		73.40%
Operating margin		11.85%
Pre-tax margin		8.68%

Revenue by product or service $m

Line	FY2016	FY2015	FY2014
Insurance and Other	123,053 57.20%	163,015 77.28%	146,905 75.45%
Railroad, Utilities and Energy	37,447 17.41%	40,004 18.96%	40,690 20.90%
Cargo and Freight	19,683 9.15%	—	—
Utilities And Energy	14,621 6.80%	—	—
Finance and Financial Products	—	7,924 3.76%	7,104 3.65%
Other, not broken out	20,310 9.44%	—	—
Revenue	215,114	210,943	194,699

Gross profit by product or service $m, and margin

	FY2016	FY2015	FY2014
Insurance and Other	‡	‡	‡
Finance and Financial Products	‡	‡	‡
Gross profit	‡	‡	‡
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	‡	‡	‡
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Revenue by segment $m

Line	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2008
Insurance Group	65,462 27.28%	50,403 23.43%	45,856 21.74%	45,623 23.43%	41,419 22.74%	39,019 24.02%	36,821 25.63%	—
Manufacturing Businesses	57,645 24.03%	52,969 24.62%	36,136 17.13%	36,773 18.89%	34,258 18.81%	32,105 19.76%	—	—
McLane	49,775 20.75%	48,075 22.35%	48,223 22.86%	46,640 23.95%	45,930 25.22%	37,437 23.04%	33,279 23.16%	—
Service and Retailing	27,219 11.34%	26,392 12.27%	23,466 11.12%	14,276 7.33%	13,284 7.29%	11,890 7.32%	32,202 22.41%	—
BNSF	21,387 8.91%	19,829 9.22%	21,967 10.41%	23,239 11.94%	22,014 12.09%	20,835 12.82%	19,548 13.60%	—
Berkshire Hathaway Energy	18,854 7.86%	17,764 8.26%	18,231 8.64%	17,614 9.05%	12,743 7.00%	11,747 7.23%	11,291 7.86%	—
Finance and Financial Products Reportable	—	—	6,964 3.30%	6,526 3.35%	6,110 3.35%	5,933 3.65%	4,014 2.79%	—
Marmon	—	—	—	—	—	—	6,925 4.82%	—
Insurance and Other	—	—	—	—	—	—	—	95,872 88.95%
Railroad, Utilities and Energy	—	—	—	—	—	—	—	13,971 12.96%
Finance and Financial Products	—	—	—	—	—	—	—	(2,057) (1.91%)
Other, not broken out	—	—	10,100 4.79%	4,008 2.06%	6,392 3.51%	3,497 2.15%	—	—
Revenue	239,933	215,114	210,943	194,699	182,150	162,463	143,688	107,786

Operating income by segment $m, and margin

	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2008
Manufacturing Businesses	‡	‡	‡	‡	‡	‡	‡	‡
BNSF	‡	‡	‡	‡	‡	‡	‡	‡
Berkshire Hathaway Energy	‡	‡	‡	‡	‡	‡	‡	‡
Service and Retailing	‡	‡	‡	‡	‡	‡	‡	‡
Insurance Group	‡	‡	‡	‡	‡	‡	‡	‡
McLane	‡	‡	‡	‡	‡	‡	‡	‡
Finance and Financial Products Reportable	‡	‡	‡	‡	‡	‡	‡	‡
Berkshire Hathaway Insurance Group Investment Income	‡	‡	‡	‡	‡	‡	‡	‡
Marmon	‡	‡	‡	‡	‡	‡	‡	‡
Geico	‡	‡	‡	‡	‡	‡	‡	‡
Berkshire Hathaway Primary Group	‡	‡	‡	‡	‡	‡	‡	‡
General Re	‡	‡	‡	‡	‡	‡	‡	‡
Berkshire Hathaway Reinsurance Group	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Insurance float	Q2 FY2026	$177.5B	$174.0B	+2.01%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Insurance float	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.