Berkshire Hathaway (BRK.B) Financials

$529.39 +5.28 (+1.01%)

As of 04/14/2025 03:58 PM Eastern

Annual Income Statements for Berkshire Hathaway

This table shows Berkshire Hathaway's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	24,083	24,074	44,940	4,021	81,417	42,521	89,937	-22,759	96,223	88,995
Consolidated Net Income / (Loss)	24,414	24,427	45,353	4,322	81,792	43,253	90,949	-21,998	97,147	89,561
Net Income / (Loss) Continuing Operations	24,414	24,427	45,353	4,322	81,792	43,253	90,949	-21,998	97,147	89,561
Total Pre-Tax Income	34,946	33,667	23,838	4,001	102,696	55,693	111,861	-30,500	120,166	110,376
Total Operating Income	38,583	27,995	23,082	32,476	32,874	18,373	36,605	39,888	48,341	60,936
Total Gross Profit	120,999	74,535	74,472	86,146	136,279	132,850	79,446	81,327	97,114	111,587
Total Revenue	210,943	215,114	239,933	247,837	254,616	245,579	276,185	302,020	364,482	371,433
Operating Revenue	209,969	215,114	239,933	247,837	254,616	245,579	276,185	302,020	364,482	371,433
Total Cost of Revenue	89,944	140,579	165,461	161,691	118,337	112,729	196,739	220,693	267,368	259,846
Operating Cost of Revenue	89,944	140,579	165,461	161,691	118,337	112,729	196,739	220,693	267,368	259,846
Total Operating Expenses	82,416	46,540	51,390	53,670	103,405	114,477	42,841	41,439	48,773	50,651
Selling, General & Admin Expense	15,309	17,973	19,189	17,856	23,228	24,605	24,458	24,490	29,474	29,985
Other Operating Expenses / (Income)	67,107	28,567	32,201	35,432	80,081	79,201	18,383	16,949	19,299	20,666
Total Other Income / (Expense), net	-3,637	5,672	756	-28,475	69,822	37,320	75,256	-70,388	71,825	49,440
Interest Expense	3,515	3,741	4,386	3,853	3,961	4,083	4,172	4,352	5,003	5,200
Interest & Investment Income	-122	1,109	3,014	-2,167	1,176	657	886	-66,036	76,828	54,640
Income Tax Expense	10,532	9,240	-21,515	-321	20,904	12,440	20,912	-8,502	23,019	20,815
Net Income / (Loss) Attributable to Noncontrolling Interest	331	353	413	301	375	732	1,012	761	924	566
Basic Earnings per Share	$14,656.00	$14,645.00	$27,326.00	$2,447.63	$49,861.22	$26,685.78	$59,593.70	($15,504.33)	$66,456.27	$61,941.27
Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	2.47B	2.45B	2.39B	2.27B	2.20B	2.17B	2.16B
Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	1.64M	1.63M	1.34B	1.29B	1.30B	1.31B	1.34B
Weighted Average Basic & Diluted Shares Outstanding	1.64M	1.64M	1.64M	1.64M	1.63M	1.34B	1.29B	1.30B	1.31B	1.34B

This table shows Berkshire Hathaway's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-43,621	-2,798	18,080	35,504	35,912	-12,767	37,574	12,702	30,348	26,251	19,694
Consolidated Net Income / (Loss)	-43,242	-2,698	18,237	35,757	36,199	-12,567	37,758	12,832	30,498	26,480	19,751
Net Income / (Loss) Continuing Operations	-43,242	-2,698	18,237	35,757	36,199	-12,567	37,758	12,832	30,498	26,480	19,751
Total Pre-Tax Income	-55,308	-4,258	22,109	44,752	45,435	-16,959	46,938	15,706	38,137	32,508	24,025
Total Operating Income	12,494	9,884	7,880	10,524	13,112	13,817	10,888	14,653	15,258	12,986	18,039
Total Gross Profit	21,346	19,313	3,201	41,228	24,163	24,666	7,057	44,206	63,262	62,672	-58,553
Total Revenue	76,201	76,904	78,072	85,393	92,503	93,210	93,376	89,869	93,653	92,995	94,916
Operating Revenue	76,201	76,904	78,072	85,393	92,503	93,210	93,376	89,869	93,653	92,995	94,916
Total Cost of Revenue	54,855	57,591	74,871	44,165	68,340	68,544	86,319	45,663	30,391	30,323	153,469
Operating Cost of Revenue	54,855	57,591	74,871	44,165	68,340	68,544	86,319	45,663	30,391	30,323	153,469
Total Operating Expenses	8,852	9,429	-4,679	30,704	11,051	10,849	-3,831	29,553	48,004	49,686	-76,592
Selling, General & Admin Expense	5,289	5,388	8,406	6,473	6,194	6,209	10,598	5,778	6,427	8,428	9,352
Other Operating Expenses / (Income)	3,563	4,041	-13,085	24,231	4,857	4,640	-14,429	23,775	41,577	41,258	-85,944
Total Other Income / (Expense), net	-67,802	-14,142	14,229	34,228	32,323	-30,776	36,050	1,053	22,879	19,522	5,986
Interest Expense	1,087	1,092	1,139	1,218	1,249	1,260	1,276	1,316	1,230	1,214	1,440
Interest & Investment Income	204	415	-66,994	35,446	33,572	-29,516	37,326	2,369	24,109	20,736	7,426
Income Tax Expense	-12,066	-1,560	3,872	8,995	9,236	-4,392	9,180	2,874	7,639	6,028	4,274
Net Income / (Loss) Attributable to Noncontrolling Interest	379	100	157	253	287	200	184	130	150	229	57
Basic Earnings per Share	($29,682.78)	($1,908.27)	$12,300.20	$24,393.25	$24,791.52	($8,829.88)	$26,101.38	$8,830.88	$21,136.08	$18,284.18	$13,690.13
Weighted Average Basic Shares Outstanding	2.21B	2.20B	2.20B	2.19B	2.18B	2.17B	2.17B	2.16B	2.16B	2.16B	2.16B
Weighted Average Diluted Shares Outstanding	1.30B	1.30B	1.30B	1.30B	1.31B	1.31B	1.31B	1.31B	1.33B	1.33B	1.34B
Weighted Average Basic & Diluted Shares Outstanding	1.30B	1.30B	1.30B	1.30B	1.31B	1.31B	1.31B	1.31B	1.33B	1.33B	1.34B

This table details how cash moves in and out of Berkshire Hathaway's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	7,128	-38,959	3,569	-1,401	33,821	-16,236	40,310	-52,307	2,244	9,733
Net Cash From Operating Activities	31,491	32,647	45,728	37,400	38,687	39,773	39,427	37,350	49,196	30,592
Net Cash From Continuing Operating Activities	31,491	32,647	45,728	37,400	38,330	39,773	39,427	37,350	49,196	30,592
Net Income / (Loss) Continuing Operations	24,414	24,427	45,353	4,322	81,792	43,253	90,949	-21,998	97,147	89,561
Consolidated Net Income / (Loss)	24,414	24,427	45,353	4,322	81,792	43,253	90,949	-21,998	97,147	89,561
Depreciation Expense	7,779	8,901	9,188	9,779	10,064	10,596	10,718	10,899	12,486	12,855
Amortization Expense	-	-	-	-	-	-	-	-1,132	-5,510	-11,349
Non-Cash Adjustments To Reconcile Net Income	-9,512	-7,106	-6,422	28,080	-70,670	-26,748	-76,850	67,455	-73,139	-52,617
Changes in Operating Assets and Liabilities, net	8,810	6,425	-2,391	-4,781	17,144	12,672	14,610	-17,874	18,212	-7,858
Net Cash From Investing Activities	-28,001	-84,225	-41,009	-32,849	-5,621	-37,757	29,392	-87,601	-32,663	-10,287
Net Cash From Continuing Investing Activities	-28,001	-84,225	-41,009	-32,849	-5,621	-37,757	29,392	-87,601	-32,663	-10,287
Purchase of Property, Plant & Equipment	-16,082	-12,954	-11,708	-14,537	-15,979	-13,012	-13,276	-15,464	-19,409	-18,976
Acquisitions	-10,160	-31,399	-2,708	-3,279	-1,683	-2,532	-456	-10,594	-8,604	-396
Purchase of Investments	-28,111	-113,076	-178,818	-185,054	-154,765	-238,590	-161,085	-251,852	-251,469	-536,079
Sale and/or Maturity of Investments	25,874	73,398	155,566	171,521	168,032	220,338	203,439	190,070	246,134	545,359
Other Investing Activities, net	478	-194	-3,341	-1,500	-1,226	-3,961	770	239	685	-195
Net Cash From Financing Activities	3,803	12,791	-1,398	-5,812	730	-18,344	-28,508	-1,662	-14,405	-10,360
Net Cash From Continuing Financing Activities	3,803	12,791	-1,398	-5,812	730	-18,344	-28,508	-1,662	-14,405	-10,360
Repayment of Debt	-6,079	-4,458	-9,135	-13,894	-7,964	-8,008	-8,367	-5,907	-15,458	-20,628
Repurchase of Common Equity	-	0.00	0.00	-1,346	-4,850	-24,706	-27,061	-7,854	-9,171	-2,918
Issuance of Debt	9,882	17,249	7,737	9,428	13,544	14,370	6,920	12,099	10,224	13,186
Other Net Changes in Cash	-	-172	248	-140	25	92	-1.00	-394	116	-212

This table details how cash moves in and out of Berkshire Hathaway's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-8,438	2,132	3,043	-3,897	18,151	-19,049	7,039	-2,483	6,911	-5,079	10,384
Net Cash From Operating Activities	8,531	11,682	10,311	8,693	12,434	13,669	14,400	10,566	13,602	1,803	4,621
Net Cash From Continuing Operating Activities	8,531	11,682	10,311	13,991	7,136	13,669	14,400	10,566	13,602	1,803	4,621
Net Income / (Loss) Continuing Operations	-43,242	-2,698	18,237	35,757	36,199	-12,567	37,758	12,832	30,498	26,480	19,751
Consolidated Net Income / (Loss)	-43,242	-2,698	18,237	35,757	36,199	-12,567	37,758	12,832	30,498	26,480	19,751
Depreciation Expense	2,710	2,728	2,758	3,051	3,096	3,210	3,129	3,168	3,198	3,206	3,283
Non-Cash Adjustments To Reconcile Net Income	65,905	12,648	-14,000	-34,193	-33,844	28,136	-33,238	-3,068	-25,973	-21,267	-2,309
Changes in Operating Assets and Liabilities, net	-16,842	-996	4,448	9,376	1,685	-5,110	12,261	-2,366	5,879	-6,616	-4,755
Net Cash From Investing Activities	-15,607	-7,336	-6,092	-7,919	10,655	-28,048	-7,351	-3,203	-7,448	-3,904	4,268
Net Cash From Continuing Investing Activities	-15,607	-7,336	-6,092	-7,919	10,655	-28,048	-7,351	-3,203	-7,448	-3,904	4,268
Purchase of Property, Plant & Equipment	-3,743	-4,074	-4,557	-3,713	-4,685	-5,303	-5,708	-4,393	-4,535	-4,701	-5,347
Acquisitions	-69	-80	-10,411	-7,629	-887	-48	-40	-327	-15	-20	-34
Purchase of Investments	-47,759	-47,981	-46,247	-48,388	-58,114	-81,143	-63,824	-105,858	-127,953	-157,222	-145,046
Sale and/or Maturity of Investments	36,272	44,491	55,217	51,629	74,010	58,351	62,144	107,538	125,083	158,253	154,485
Other Investing Activities, net	-308	308	-94	182	331	95	77	-163	-28	-214	210
Net Cash From Financing Activities	-1,036	-1,918	-1,351	-9,922	289	-4,636	-136	-9,802	854	-3,065	1,653
Net Cash From Continuing Financing Activities	-1,036	-1,918	-1,351	-9,922	289	-4,636	-136	-9,802	854	-3,065	1,653
Repayment of Debt	-2,804	-868	-676	-6,570	-1,226	-6,066	-1,596	-12,324	-2,015	-655	-5,634
Issuance of Debt	2,779	5.00	1,933	1,098	2,915	2,558	3,653	5,084	3,225	-2,410	7,287
Other Net Changes in Cash	-326	-296	175	-47	71	-34	126	-44	-97	87	-158

This table presents Berkshire Hathaway's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	540,341	486,019	702,095	707,794	817,729	873,729	958,784	948,465	1,069,978	1,153,881
Total Current Assets	121,060	152,626	162,712	182,398	216,479	229,419	240,246	220,649	134,820	143,422
Cash & Equivalents	67,161	28,048	31,583	30,361	64,175	47,990	88,184	35,811	38,022	47,729
Note & Lease Receivable	-	-	-	-	17,527	19,201	20,751	23,208	24,681	27,798
Accounts Receivable	23,303	27,097	29,392	31,564	32,418	32,310	35,388	43,490	46,261	43,887
Inventories, net	-	15,727	17,366	19,069	19,852	19,208	20,954	25,366	25,856	24,008
Plant, Property, & Equipment, net	145,166	152,773	158,219	166,706	174,341	187,017	191,282	196,965	216,593	222,929
Total Noncurrent Assets	274,115	180,620	381,164	358,690	426,909	457,293	527,256	530,851	718,565	787,530
Long-Term Investments	155,725	15,345	212,917	190,082	265,532	298,473	366,764	361,971	536,285	604,558
Noncurrent Note & Lease Receivables	12,772	13,300	17,279	19,946	3,417	3,542	4,177	4,795	4,999	4,503
Goodwill	62,708	79,486	81,258	81,025	81,882	73,734	73,875	78,119	84,626	83,880
Intangible Assets	9,148	33,481	32,518	31,499	31,051	29,462	28,486	29,187	35,884	34,638
Other Noncurrent Operating Assets	33,762	39,008	37,192	36,138	45,027	52,082	53,954	56,779	56,771	59,951
Total Liabilities & Shareholders' Equity	552,257	620,854	702,095	707,794	817,729	873,729	958,784	948,465	1,069,978	1,153,881
Total Liabilities	293,630	335,426	350,141	355,294	389,166	422,393	443,854	466,784	499,208	502,226
Total Current Liabilities	48,418	83,863	115,237	180,291	110,791	113,785	113,288	210,893	220,390	223,368
Accounts Payable	31,271	35,042	35,903	37,186	42,319	45,568	46,072	49,816	54,863	55,715
Current Deferred Revenue	-	-	0.00	4,593	5,281	5,856	5,849	6,820	8,253	9,356
Other Current Liabilities	13,311	45,931	77,162	138,512	63,191	62,361	61,367	154,257	157,274	158,297
Total Noncurrent Liabilities	245,212	251,563	234,904	175,003	278,375	308,608	330,566	255,891	278,818	278,858
Long-Term Debt	84,289	101,644	102,587	97,490	103,368	116,895	114,262	122,744	128,271	124,762
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	51,375	-	-	-	77,368	93,009	85,870
Other Noncurrent Operating Liabilities	24,653	19,098	75,710	26,138	35,189	37,761	39,397	55,779	57,538	68,226
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	0.00	3,261	0.00
Total Equity & Noncontrolling Interests	258,627	285,428	351,954	352,500	428,563	451,336	514,930	481,681	567,509	651,655
Total Preferred & Common Equity	255,550	282,070	348,296	348,703	424,791	443,164	506,199	473,424	561,273	649,368
Total Common Equity	255,550	282,070	348,296	348,703	424,791	443,164	506,199	473,424	561,273	649,368
Common Stock	35,628	35,689	35,702	35,715	35,666	35,634	35,600	35,175	34,488	35,673
Retained Earnings	187,703	210,846	255,786	321,112	402,493	444,626	534,421	511,127	607,350	696,218
Treasury Stock	-1,763	-1,763	-1,763	-3,109	-8,125	-32,853	-59,795	-67,826	-76,802	-78,939
Accumulated Other Comprehensive Income / (Loss)	33,982	37,298	58,571	-5,015	-5,243	-4,243	-4,027	-5,052	-3,763	-3,584
Noncontrolling Interest	3,077	3,358	3,658	3,797	3,772	8,172	8,731	8,257	6,236	2,287

This table presents Berkshire Hathaway's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	909,860	902,296	948,465	997,072	1,041,573	1,019,933	1,069,978	1,070,035	1,108,860	1,147,251	1,153,881
Total Current Assets	212,662	215,139	220,649	247,499	241,792	251,883	134,820	284,870	137,874	133,362	143,422
Cash & Equivalents	30,608	32,626	35,811	26,747	50,055	30,840	38,022	35,549	42,324	37,181	47,729
Note & Lease Receivable	21,877	22,094	23,208	23,144	23,530	24,009	24,681	25,435	26,085	27,106	27,798
Accounts Receivable	39,678	40,383	43,490	45,674	45,590	45,878	46,261	46,772	45,967	45,458	43,887
Inventories, net	24,560	25,102	25,366	25,499	25,295	24,755	25,856	23,670	23,498	23,617	24,008
Plant, Property, & Equipment, net	192,413	192,989	196,965	205,855	209,188	211,498	216,593	217,500	219,469	222,272	222,929
Total Noncurrent Assets	504,785	494,168	530,851	543,718	590,593	556,552	718,565	567,665	751,517	791,617	787,530
Long-Term Investments	345,156	334,881	361,971	354,564	403,255	368,552	536,285	382,616	566,356	605,856	604,558
Noncurrent Note & Lease Receivables	4,815	4,985	4,795	6,814	6,067	6,848	4,999	6,063	6,502	6,588	4,503
Goodwill	73,618	73,335	78,119	83,502	85,853	85,652	84,626	84,549	84,411	84,608	83,880
Intangible Assets	27,992	27,738	29,187	30,001	29,819	29,495	35,884	29,045	28,788	28,797	34,638
Other Noncurrent Operating Assets	53,204	53,229	56,779	68,837	65,599	66,005	56,771	65,392	65,460	65,768	59,951
Total Liabilities & Shareholders' Equity	909,860	902,296	948,465	997,072	1,041,573	1,019,933	1,069,978	1,070,035	1,108,860	1,147,251	1,153,881
Total Liabilities	440,207	438,549	466,784	480,812	489,812	485,206	499,208	492,250	500,889	515,445	502,226
Total Current Liabilities	116,448	117,680	210,893	124,999	213,927	217,474	220,390	216,996	219,056	225,437	223,368
Accounts Payable	47,580	47,971	49,816	52,525	52,233	55,077	54,863	52,232	53,597	56,493	55,715
Current Deferred Revenue	5,907	6,165	6,820	7,052	7,375	7,549	8,253	8,375	8,442	8,941	9,356
Other Current Liabilities	62,961	63,544	154,257	65,422	154,319	154,848	157,274	156,389	157,017	160,003	158,297
Total Noncurrent Liabilities	323,759	320,869	255,891	355,813	275,885	267,732	278,818	275,254	281,833	290,008	278,858
Long-Term Debt	119,081	116,496	122,744	123,624	125,347	124,781	128,271	122,754	123,628	124,507	124,762
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	77,368	-	93,011	85,793	93,009	95,651	101,414	92,107	85,870
Other Noncurrent Operating Liabilities	38,850	38,576	55,779	38,026	57,527	57,158	57,538	56,849	56,791	73,394	68,226
Redeemable Noncontrolling Interest	-	-	0.00	-	3,210	3,230	3,261	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	469,653	463,747	481,681	513,077	548,551	531,497	567,509	577,785	607,971	631,806	651,655
Total Preferred & Common Equity	461,229	455,430	473,424	504,554	539,883	525,330	561,273	571,490	601,697	629,069	649,368
Total Common Equity	461,229	455,430	473,424	504,554	539,883	525,330	561,273	571,490	601,697	629,069	649,368
Common Stock	35,212	35,198	35,175	35,164	35,148	34,481	34,488	34,990	34,999	35,486	35,673
Retained Earnings	496,126	493,438	511,127	546,631	582,543	569,776	607,350	619,925	650,273	676,524	696,218
Treasury Stock	-63,934	-64,972	-67,826	-72,265	-73,568	-74,655	-76,802	-79,375	-79,720	-79,249	-78,939
Accumulated Other Comprehensive Income / (Loss)	-6,175	-8,234	-5,052	-4,976	-4,240	-4,272	-3,763	-4,050	-3,855	-3,692	-3,584
Noncontrolling Interest	8,424	8,317	8,257	8,523	8,668	6,167	6,236	6,295	6,274	2,737	2,287

This table displays calculated financial ratios and metrics derived from Berkshire Hathaway's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.34%	1.98%	11.54%	3.29%	2.74%	-3.55%	12.46%	9.35%	20.68%	1.91%
EBITDA Growth	-80.37%	94.99%	-27.75%	-84.88%	483.56%	-69.83%	80.54%	-60.55%	11.40%	12.88%
EBIT Growth	-69.95%	176.32%	-42.85%	-120.50%	2,515.63%	-71.98%	94.77%	-65.36%	21.19%	26.05%
NOPAT Growth	53.19%	101.42%	8.10%	-20.11%	0.00%	-72.75%	108.58%	-6.18%	39.97%	26.52%
Net Income Growth	42.08%	0.11%	171.34%	-180.94%	1,792.46%	-47.12%	110.27%	-124.19%	541.62%	-7.81%
EPS Growth	42.41%	-0.08%	86.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	21.49%	207.34%	80.14%	-18.21%	3.44%	2.81%	-0.87%	-5.27%	31.72%	-37.82%
Free Cash Flow Firm Growth	196.44%	-471.79%	258.54%	-26.12%	0.00%	0.00%	-87.43%	307.76%	-72.76%	77.38%
Invested Capital Growth	-47.37%	43.56%	-58.85%	-65.26%	-33.80%	-50.36%	2.36%	-39.92%	9.54%	-0.48%
Revenue Q/Q Growth	3.53%	-1.92%	7.75%	2.02%	1.31%	-0.37%	2.77%	2.08%	4.38%	0.42%
EBITDA Q/Q Growth	5.78%	29.97%	45.32%	-129.18%	289.23%	14.50%	3.01%	380.97%	-3.71%	-6.08%
EBIT Q/Q Growth	6.90%	2.73%	27.84%	-156.80%	376.45%	16.98%	3.48%	7,741.38%	6.64%	13.30%
NOPAT Q/Q Growth	24.45%	-45.81%	465.88%	-117.82%	-6.22%	3.64%	9.05%	-3.45%	5.88%	13.91%
Net Income Q/Q Growth	11.51%	6.84%	276.10%	-186.14%	201.03%	18.98%	4.49%	-6,427.60%	25.15%	-16.74%
EPS Q/Q Growth	5.80%	3.45%	281.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-0.40%	1.32%	3.01%	15.04%	3.29%	-3.71%	-6.51%	7.22%	9.07%	-24.22%
Free Cash Flow Firm Q/Q Growth	-32.62%	0.00%	-9.98%	154.10%	0.00%	34.21%	145.81%	404.48%	-70.35%	-21.61%
Invested Capital Q/Q Growth	107.28%	15.56%	11.65%	-35.17%	113.89%	83.64%	3.24%	-40.68%	-6.72%	9.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.36%	69.30%	62.08%	69.52%	53.52%	54.10%	28.77%	26.93%	26.64%	30.04%
EBITDA Margin	21.98%	42.02%	14.34%	15.98%	90.76%	28.39%	45.57%	16.44%	15.18%	16.81%
Operating Margin	36.58%	26.03%	9.62%	13.10%	12.91%	7.48%	13.25%	13.21%	13.26%	16.41%
EBIT Margin	36.58%	33.75%	21.01%	8.09%	82.86%	24.07%	41.69%	13.21%	13.26%	16.41%
Profit (Net Income) Margin	11.57%	22.71%	37.80%	3.49%	131.83%	17.61%	32.93%	-7.28%	26.65%	24.11%
Tax Burden Percent	139.72%	0.00%	408.05%	0.00%	160.21%	77.66%	81.31%	72.12%	80.84%	81.14%
Interest Burden Percent	190.23%	227.39%	194.56%	79.85%	194.72%	94.20%	97.15%	-76.46%	248.58%	181.13%
Effective Tax Rate	30.14%	54.89%	-180.51%	-16.05%	40.71%	22.34%	18.69%	0.00%	19.16%	18.86%
Return on Invested Capital (ROIC)	12.87%	27.71%	44.39%	37.84%	23.65%	5.11%	15.89%	18.41%	32.76%	39.74%
ROIC Less NNEP Spread (ROIC-NNEP)	35.26%	20.62%	13.77%	52.69%	-5.42%	-6.29%	-4.80%	32.81%	18.49%	31.50%
Return on Net Nonoperating Assets (RNNOA)	-13.31%	-5.13%	-13.97%	-39.88%	662.42%	3.64%	2.94%	-22.82%	-14.30%	-25.08%
Return on Equity (ROE)	13.43%	17.96%	7.67%	-11.65%	31.21%	8.75%	18.82%	-4.41%	18.46%	14.65%
Cash Return on Invested Capital (CROIC)	149.86%	-208.64%	29.99%	118.86%	-58.16%	72.43%	13.56%	68.28%	23.65%	40.22%
Operating Return on Assets (OROA)	14.62%	14.15%	4.24%	2.84%	27.66%	6.99%	12.57%	4.18%	4.79%	5.48%
Return on Assets (ROA)	9.25%	9.52%	15.27%	0.61%	10.72%	5.11%	9.93%	-2.31%	9.63%	8.05%
Return on Common Equity (ROCE)	13.27%	17.75%	15.17%	-11.53%	30.91%	8.63%	18.50%	-4.34%	18.15%	14.51%
Return on Equity Simple (ROE_SIMPLE)	19.11%	17.32%	26.04%	2.48%	38.51%	9.76%	17.97%	-4.65%	17.31%	13.79%
Net Operating Profit after Tax (NOPAT)	26,955	40,623	43,915	35,082	52,365	14,269	29,762	27,922	39,081	49,445
NOPAT Margin	25.56%	18.88%	36.61%	14.16%	20.57%	5.81%	10.78%	9.25%	10.72%	13.31%
Net Nonoperating Expense Percent (NNEP)	-4.04%	8.95%	4.74%	-18.46%	39.95%	11.41%	20.69%	-14.40%	14.27%	8.24%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.62%	5.62%	6.37%
Cost of Revenue to Revenue	85.28%	130.70%	137.92%	130.48%	46.48%	45.90%	71.23%	73.07%	73.36%	69.96%
SG&A Expenses to Revenue	14.51%	16.71%	8.00%	14.41%	32.56%	10.02%	8.86%	8.11%	8.09%	8.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	79.81%	43.27%	21.42%	44.87%	81.22%	46.62%	15.51%	13.72%	13.38%	13.64%
Earnings before Interest and Taxes (EBIT)	38,583	72,598	50,420	20,042	210,962	59,119	115,147	39,888	48,341	60,936
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	46,362	90,400	68,796	39,600	231,090	69,715	125,865	49,655	55,317	62,442
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.27	1.42	1.40	1.44	1.30	1.23	1.32	1.44	1.38	1.51
Price to Tangible Book Value (P/TBV)	1.77	2.38	2.09	2.13	1.78	1.60	1.66	1.86	1.76	1.84
Price to Revenue (P/Rev)	1.54	1.87	2.04	2.03	2.17	2.21	2.42	2.26	2.13	2.63
Price to Earnings (P/E)	13.51	16.68	10.89	124.99	6.80	12.79	7.44	0.00	8.07	10.99
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.40%	5.99%	9.19%	0.80%	14.70%	7.82%	13.44%	0.00%	12.39%	9.10%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.85	1.46	2.20	1.33	1.14	1.38	2.83	2.73	3.65
Enterprise Value to Revenue (EV/Rev)	0.77	1.79	1.12	1.14	0.98	0.86	0.95	1.07	0.93	1.22
Enterprise Value to EBITDA (EV/EBITDA)	3.52	8.50	7.81	14.24	2.15	3.03	2.08	6.49	6.15	7.25
Enterprise Value to EBIT (EV/EBIT)	4.22	10.59	10.66	28.14	2.36	3.58	2.28	8.08	7.04	7.43
Enterprise Value to NOPAT (EV/NOPAT)	6.05	18.92	6.12	8.04	9.50	14.83	8.81	11.55	8.71	9.16
Enterprise Value to Operating Cash Flow (EV/OCF)	5.18	11.77	5.88	7.54	6.43	5.32	6.65	8.63	6.92	14.80
Enterprise Value to Free Cash Flow (EV/FCFF)	3.48	0.00	2.99	1.91	0.00	1.05	10.32	3.11	12.06	9.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.68	0.73	0.30	0.55	0.00	0.26	0.22	0.25	0.22	0.19
Long-Term Debt to Equity	0.33	0.71	0.58	0.00	0.48	0.26	0.22	0.25	0.22	0.19
Financial Leverage	-0.88	0.00	-0.51	-1.59	-1.77	-0.58	-0.61	-0.70	-0.77	-0.80
Leverage Ratio	4.25	0.00	3.94	4.00	3.91	1.92	1.90	1.91	1.92	1.82
Compound Leverage Factor	3.85	4.28	0.00	0.00	3.80	1.81	1.84	-1.46	4.77	3.30
Debt to Total Capital	50.83%	53.61%	0.00%	43.33%	38.87%	20.57%	18.16%	20.31%	18.35%	16.07%
Short-Term Debt to Total Capital	2.21%	1.48%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	24.31%	52.13%	45.03%	0.00%	38.87%	20.57%	18.16%	20.31%	18.35%	16.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.77%	1.72%	1.61%	0.00%	1.42%	1.44%	1.39%	1.37%	1.36%	0.29%
Common Equity to Total Capital	147.40%	144.67%	152.89%	0.00%	159.72%	77.99%	80.45%	78.33%	80.29%	83.64%
Debt to EBITDA	4.76	5.40	3.05	11.04	1.79	1.68	0.91	2.47	2.32	2.00
Net Debt to EBITDA	-6.53	-0.91	-13.03	-22.66	-5.35	-4.88	-3.30	-7.41	-8.06	-8.45
Long-Term Debt to EBITDA	4.55	4.95	5.96	11.04	1.81	1.68	0.91	2.47	2.32	2.00
Debt to NOPAT	6.54	11.09	5.08	6.02	8.29	8.19	3.84	4.40	3.28	2.52
Net Debt to NOPAT	-6.13	-2.03	-10.21	-12.79	-23.59	-23.85	-13.97	-13.17	-11.41	-10.67
Long-Term Debt to NOPAT	6.57	10.01	4.67	6.02	8.29	8.19	3.84	4.40	3.28	2.52
Altman Z-Score	1.94	4.37	1.89	3.77	4.87	2.15	2.53	2.10	2.12	2.43
Noncontrolling Interest Sharing Ratio	2.37%	2.37%	0.00%	0.00%	0.00%	1.36%	1.75%	1.70%	1.69%	0.96%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.50	0.00	0.00	0.00	3.91	2.02	2.12	1.05	0.61	0.64
Quick Ratio	0.00	3.26	2.52	1.81	3.55	1.85	1.94	0.93	0.49	0.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	156,971	-323,263	179,721	295,387	0.00	202,145	25,400	103,571	28,216	50,049
Operating Cash Flow to CapEx	391.63%	504.05%	390.57%	514.55%	242.11%	305.66%	296.98%	241.53%	253.47%	161.21%
Free Cash Flow to Firm to Interest Expense	89.31	-87.63	20.49	76.66	0.00	49.51	6.09	23.80	5.64	9.62
Operating Cash Flow to Interest Expense	8.96	8.73	20.85	9.71	19.53	9.74	9.45	8.58	9.83	5.88
Operating Cash Flow Less CapEx to Interest Expense	8.77	5.26	7.76	5.93	11.47	6.55	6.27	5.03	5.95	2.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.84	0.40	0.70	0.33	0.29	0.30	0.32	0.36	0.33
Accounts Receivable Turnover	18.69	17.07	16.99	16.26	15.92	7.59	8.16	7.66	8.12	8.24
Inventory Turnover	0.00	0.00	20.00	17.75	14.70	5.77	9.80	9.53	10.44	10.42
Fixed Asset Turnover	3.09	2.99	1.54	3.10	2.99	1.36	1.46	1.56	1.76	1.69
Accounts Payable Turnover	2.91	4.24	9.33	8.85	7.17	2.57	4.29	4.60	5.11	4.70
Days Sales Outstanding (DSO)	78.13	42.76	42.97	92.37	188.21	48.10	44.73	47.66	44.94	44.29
Days Inventory Outstanding (DIO)	44.95	35.89	36.50	41.12	60.02	63.24	37.26	38.30	34.96	35.02
Days Payable Outstanding (DPO)	250.90	172.18	156.50	164.99	245.23	142.28	85.01	79.29	71.45	77.66
Cash Conversion Cycle (CCC)	-127.82	-50.77	5.12	3.52	-33.46	-30.95	-3.02	6.67	8.45	1.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	144,480	414,844	368,898	256,286	373,032	185,156	189,518	113,869	124,734	124,130
Invested Capital Turnover	3.04	2.94	0.80	1.00	6.15	0.88	1.47	1.99	3.06	2.99
Increase / (Decrease) in Invested Capital	-130,016	540,728	-50,256	-107,666	233,492	-187,876	4,362	-75,649	10,865	-604
Enterprise Value (EV)	162,995	384,389	268,795	282,040	248,616	211,573	262,198	322,366	340,353	452,772
Market Capitalization	325,275	401,644	978,497	502,600	553,690	543,679	669,122	681,921	776,892	978,010
Book Value per Share	$204.58	$437.37	$520.76	$511.47	$613.81	$323.10	$388.16	$363.45	$428.78	$488.61
Tangible Book Value per Share	$147.05	$262.21	$146,750.32	$346.42	$191,087.19	$247.86	$309.67	$281.07	$336.72	$399.44
Total Capital	346,752	779,924	913,426	899,980	1,063,862	568,231	629,192	604,425	699,041	776,417
Total Debt	88,125	209,068	209,518	194,980	206,736	116,895	114,262	122,744	128,271	124,762
Total Long-Term Debt	84,289	203,288	205,174	194,980	206,736	116,895	114,262	122,744	128,271	124,762
Net Debt	-165,357	-41,226	-224,112	-448,714	-308,846	-340,278	-415,655	-367,812	-446,036	-527,525
Capital Expenditures (CapEx)	16,082	25,908	23,416	29,074	31,958	13,012	13,276	15,464	19,409	18,976
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-21,279	-76,298	-132,614	-259,316	-40,994	-43,066	-36,195	-118,829	-123,592	-127,675
Debt-free Net Working Capital (DFNWC)	76,478	143,306	99,294	4,214	211,376	115,634	126,958	9,756	-85,570	-79,946
Net Working Capital (NWC)	72,642	137,526	47,475	4,214	211,376	115,634	126,958	9,756	-85,570	-79,946
Net Nonoperating Expense (NNE)	2,541	-8,231	-2,877	61,519	-111,219	-28,984	-61,187	49,920	-58,066	-40,116
Net Nonoperating Obligations (NNO)	-114,147	-156,012	-335,010	-448,714	-242,047	-266,180	-325,412	-367,812	-446,036	-527,525
Total Depreciation and Amortization (D&A)	7,779	17,802	18,376	19,558	20,128	10,596	10,718	9,767	6,976	1,506
Debt-free, Cash-free Net Working Capital to Revenue	-20.18%	-35.47%	-27.64%	-104.63%	-32.20%	-17.54%	-13.11%	-39.34%	-33.91%	-34.37%
Debt-free Net Working Capital to Revenue	72.51%	33.31%	41.38%	1.70%	83.02%	47.09%	45.97%	3.23%	-23.48%	-21.52%
Net Working Capital to Revenue	68.87%	63.93%	19.79%	0.85%	83.02%	47.09%	45.97%	3.23%	-23.48%	-21.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$14,656.00	$14,645.00	$27,326.00	$4,893.63	$49,894.44	$26,685.78	$59,499.64	($15,545.36)	$66,456.27	$61,941.27
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	2.45B	2.39B	2.27B	2.20B	2.17B	2.16B
Adjusted Diluted Earnings per Share	$14,656.00	$14,645.00	$27,326.00	$2,446.00	$49,828.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	1.37B	0.00	1.34B	1.29B	1.30B	1.31B	1.34B
Adjusted Basic & Diluted Earnings per Share	$14,656.00	$14,645.00	$27,326.00	$2,446.00	$49,828.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.64M	1.64M	1.64M	1.38B	3.27M	1.34B	1.29B	1.30B	1.31B	1.34B
Normalized Net Operating Profit after Tax (NOPAT)	26,955	0.00	0.00	23,001	52,518	22,557	29,762	27,922	39,081	49,445
Normalized NOPAT Margin	12.78%	18.88%	13.47%	18.56%	20.63%	9.19%	10.78%	9.25%	10.72%	13.31%
Pre Tax Income Margin	33.13%	31.30%	9.94%	4.10%	80.67%	22.68%	40.50%	-10.10%	32.97%	29.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	21.95	19.41	11.50	2.60	123.77	14.48	27.60	9.17	9.66	11.72
NOPAT to Interest Expense	15.34	5.43	20.03	9.11	13.22	3.49	7.13	6.42	7.81	9.51
EBIT Less CapEx to Interest Expense	12.80	12.48	6.16	-1.17	22.60	11.29	24.42	5.61	5.78	8.07
NOPAT Less CapEx to Interest Expense	6.19	1.97	7.34	5.33	5.15	0.31	3.95	2.86	3.93	5.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	62.29%	11.86%	57.12%	29.75%	-35.70%	9.44%	3.26%

This table displays calculated financial ratios and metrics derived from Berkshire Hathaway's official financial filings.

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.25%	8.96%	8.60%	20.54%	21.39%	21.20%	19.60%	5.24%	1.24%	-0.23%	1.65%
EBITDA Growth	-231.52%	-105.39%	-79.82%	31.10%	131.34%	2,096.13%	31.76%	31.28%	13.87%	-4.90%	52.12%
EBIT Growth	-248.50%	-127.21%	-84.24%	37.53%	124.09%	485.84%	38.17%	39.23%	16.37%	-6.01%	65.68%
NOPAT Growth	18.74%	-1.54%	-15.87%	6.48%	19.45%	39.79%	34.75%	42.37%	16.80%	9.37%	69.32%
Net Income Growth	-252.13%	-125.35%	-54.45%	526.77%	183.71%	-365.79%	107.04%	-64.11%	-15.75%	310.71%	-47.69%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-16.80%	-3.19%	32.18%	27.35%	45.75%	17.01%	39.66%	21.55%	9.39%	-86.81%	-67.91%
Free Cash Flow Firm Growth	-606.54%	98.06%	2,341.76%	76.10%	197.19%	4,719.36%	-102.56%	650.85%	-79.87%	-54.33%	832.70%
Invested Capital Growth	85.01%	4.57%	-39.92%	14.00%	-34.91%	-30.34%	9.54%	-40.95%	-2.81%	-15.29%	-0.48%
Revenue Q/Q Growth	7.56%	0.92%	1.52%	9.38%	8.33%	0.76%	0.18%	-3.76%	4.21%	-0.70%	2.07%
EBITDA Q/Q Growth	-599.42%	98.35%	1,347.13%	-45.92%	19.40%	5.05%	-17.68%	-64.94%	3.56%	-12.27%	31.68%
EBIT Q/Q Growth	-811.25%	93.42%	320.05%	-52.90%	24.59%	5.38%	-21.20%	-69.28%	4.13%	-14.89%	38.91%
NOPAT Q/Q Growth	10.75%	-20.89%	-6.05%	29.37%	24.24%	-7.42%	-9.44%	36.69%	1.92%	-13.31%	40.20%
Net Income Q/Q Growth	-857.97%	93.76%	775.95%	96.07%	1.24%	-134.72%	400.45%	-66.02%	137.67%	-13.17%	-25.41%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	24.98%	36.94%	-11.74%	-15.69%	43.03%	9.93%	5.35%	-26.63%	28.73%	-86.74%	156.30%
Free Cash Flow Firm Q/Q Growth	-4.56%	98.17%	5,687.60%	-122.40%	525.26%	-13.23%	-103.10%	4,913.12%	-84.46%	96.82%	-50.24%
Invested Capital Q/Q Growth	1.45%	-1.21%	-40.68%	91.75%	-42.07%	5.72%	-6.72%	3.36%	-4.66%	-7.85%	9.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.01%	25.11%	4.10%	48.28%	26.12%	26.46%	7.56%	49.19%	67.55%	67.39%	-61.69%
EBITDA Margin	-67.87%	-1.11%	13.63%	15.90%	17.52%	18.27%	15.01%	19.83%	19.71%	17.41%	22.46%
Operating Margin	16.40%	12.85%	10.09%	12.32%	14.17%	14.82%	11.66%	16.30%	16.29%	13.96%	19.01%
EBIT Margin	-71.42%	-4.66%	10.09%	12.32%	14.17%	14.82%	11.66%	16.30%	16.29%	13.96%	19.01%
Profit (Net Income) Margin	-56.75%	-3.51%	23.36%	41.87%	39.13%	-13.48%	40.44%	14.28%	32.56%	28.47%	20.81%
Tax Burden Percent	78.18%	63.36%	82.49%	79.90%	79.67%	74.10%	80.44%	81.70%	79.97%	81.46%	82.21%
Interest Burden Percent	101.62%	118.91%	280.57%	425.24%	346.51%	-122.74%	431.10%	107.19%	249.95%	250.33%	133.18%
Effective Tax Rate	0.00%	0.00%	17.51%	20.10%	20.33%	0.00%	19.56%	18.30%	20.03%	18.54%	17.79%
Return on Invested Capital (ROIC)	22.20%	14.18%	16.58%	15.21%	23.44%	22.25%	28.66%	28.31%	38.67%	34.07%	46.64%
ROIC Less NNEP Spread (ROIC-NNEP)	38.22%	17.55%	13.19%	6.39%	16.09%	28.86%	21.53%	28.07%	34.65%	30.61%	45.63%
Return on Net Nonoperating Assets (RNNOA)	-26.16%	-10.58%	-9.17%	-3.85%	-11.04%	-19.45%	-16.65%	-19.14%	-27.20%	-24.13%	-36.34%
Return on Equity (ROE)	-3.96%	3.60%	7.40%	11.36%	12.40%	2.80%	12.01%	9.17%	11.47%	9.94%	10.30%
Cash Return on Invested Capital (CROIC)	-33.31%	10.93%	68.28%	8.89%	63.19%	58.44%	23.65%	76.11%	38.66%	51.70%	40.22%
Operating Return on Assets (OROA)	-22.70%	-1.51%	3.20%	3.97%	4.84%	5.39%	4.21%	5.82%	5.61%	4.77%	6.35%
Return on Assets (ROA)	-18.03%	-1.14%	7.40%	13.48%	13.35%	-4.90%	14.60%	5.10%	11.21%	9.72%	6.95%
Return on Common Equity (ROCE)	-3.89%	3.53%	7.28%	11.17%	12.16%	2.75%	11.81%	9.04%	11.29%	9.84%	10.20%
Return on Equity Simple (ROE_SIMPLE)	2.82%	-0.07%	0.00%	1.60%	16.21%	14.78%	0.00%	12.99%	11.39%	17.10%	0.00%
Net Operating Profit after Tax (NOPAT)	8,746	6,919	6,500	8,409	10,447	9,672	8,759	11,972	12,202	10,578	14,830
NOPAT Margin	11.48%	9.00%	8.33%	9.85%	11.29%	10.38%	9.38%	13.32%	13.03%	11.37%	15.62%
Net Nonoperating Expense Percent (NNEP)	-16.02%	-3.38%	3.39%	8.82%	7.35%	-6.61%	7.13%	0.23%	4.02%	3.46%	1.01%
Return On Investment Capital (ROIC_SIMPLE)	-	-	1.08%	-	-	-	1.26%	-	-	-	1.91%
Cost of Revenue to Revenue	71.99%	74.89%	95.90%	51.72%	73.88%	73.54%	92.44%	50.81%	32.45%	32.61%	161.69%
SG&A Expenses to Revenue	6.94%	7.01%	10.77%	7.58%	6.70%	6.66%	11.35%	6.43%	6.86%	9.06%	9.85%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.62%	12.26%	-5.99%	35.96%	11.95%	11.64%	-4.10%	32.88%	51.26%	53.43%	-80.69%
Earnings before Interest and Taxes (EBIT)	-54,425	-3,581	7,880	10,524	13,112	13,817	10,888	14,653	15,258	12,986	18,039
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-51,715	-853	10,638	13,575	16,208	17,027	14,017	17,821	18,456	16,192	21,322
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.31	1.30	1.44	1.34	1.38	1.45	1.38	1.60	1.46	1.58	1.51
Price to Tangible Book Value (P/TBV)	1.67	1.67	1.86	1.73	1.76	1.86	1.76	1.99	1.80	1.92	1.84
Price to Revenue (P/Rev)	2.08	2.00	2.26	2.14	2.24	2.19	2.13	2.47	2.37	2.68	2.63
Price to Earnings (P/E)	50.38	0.00	0.00	94.46	8.60	9.96	8.07	12.43	12.94	9.28	10.99
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.98%	0.00%	0.00%	1.06%	11.63%	10.04%	12.39%	8.04%	7.73%	10.77%	9.10%
Enterprise Value to Invested Capital (EV/IC)	1.33	1.32	2.83	1.38	2.62	2.78	2.73	3.65	3.25	4.21	3.65
Enterprise Value to Revenue (EV/Rev)	0.89	0.86	1.07	0.95	1.00	1.07	0.93	1.27	1.08	1.29	1.22
Enterprise Value to EBITDA (EV/EBITDA)	9.55	24.57	6.49	5.79	6.26	6.48	6.15	7.23	5.93	7.17	7.25
Enterprise Value to EBIT (EV/EBIT)	15.89	0.00	8.08	7.39	8.02	8.21	7.04	8.96	7.31	8.86	7.43
Enterprise Value to NOPAT (EV/NOPAT)	6.54	8.77	11.55	6.69	9.90	10.09	8.71	11.01	8.94	10.98	9.16
Enterprise Value to Operating Cash Flow (EV/OCF)	7.32	7.28	8.63	7.68	7.70	8.26	6.92	9.21	7.64	11.80	14.80
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	12.36	3.11	16.54	3.27	3.91	12.06	3.56	8.28	7.46	9.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.25	0.25	0.24	0.23	0.23	0.22	0.21	0.20	0.20	0.19
Long-Term Debt to Equity	0.25	0.25	0.25	0.24	0.23	0.23	0.22	0.21	0.20	0.20	0.19
Financial Leverage	-0.68	-0.60	-0.70	-0.60	-0.69	-0.67	-0.77	-0.68	-0.79	-0.79	-0.80
Leverage Ratio	1.92	1.93	1.91	1.91	1.91	1.93	1.92	1.89	1.85	1.86	1.82
Compound Leverage Factor	1.95	2.29	5.37	8.12	6.62	-2.36	8.27	2.03	4.63	4.65	2.42
Debt to Total Capital	20.23%	20.08%	20.31%	19.42%	18.51%	18.92%	18.35%	17.52%	16.90%	16.46%	16.07%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.23%	20.08%	20.31%	19.42%	18.51%	18.92%	18.35%	17.52%	16.90%	16.46%	16.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.43%	1.43%	1.37%	1.34%	1.75%	1.42%	1.36%	0.90%	0.86%	0.36%	0.29%
Common Equity to Total Capital	78.34%	78.49%	78.33%	79.25%	79.73%	79.65%	80.29%	81.58%	82.24%	83.18%	83.64%
Debt to EBITDA	4.41	11.28	2.47	2.38	2.36	2.17	2.32	1.89	1.84	1.87	2.00
Net Debt to EBITDA	-13.06	-33.51	-7.41	-7.38	-8.02	-6.98	-8.06	-6.90	-7.21	-7.80	-8.45
Long-Term Debt to EBITDA	4.41	11.28	2.47	2.38	2.36	2.17	2.32	1.89	1.84	1.87	2.00
Debt to NOPAT	3.02	4.03	4.40	2.75	3.74	3.38	3.28	2.87	2.77	2.87	2.52
Net Debt to NOPAT	-8.94	-11.96	-13.17	-8.53	-12.68	-10.86	-11.41	-10.50	-10.86	-11.95	-10.67
Long-Term Debt to NOPAT	3.02	4.03	4.40	2.75	3.74	3.38	3.28	2.87	2.77	2.87	2.52
Altman Z-Score	1.83	2.02	1.99	2.11	2.09	2.15	2.01	2.39	2.16	2.24	2.30
Noncontrolling Interest Sharing Ratio	1.77%	1.79%	1.70%	1.67%	1.99%	1.77%	1.69%	1.36%	1.57%	1.04%	0.96%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.83	1.83	1.05	1.98	1.13	1.16	0.61	1.31	0.63	0.59	0.64
Quick Ratio	1.62	1.61	0.93	1.78	1.01	1.04	0.49	1.20	0.52	0.49	0.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-80,532	-1,470	82,149	-18,405	78,270	67,914	-2,106	101,386	15,759	31,017	15,434
Operating Cash Flow to CapEx	227.92%	286.75%	226.27%	234.12%	265.40%	257.76%	252.28%	240.52%	299.93%	38.35%	86.42%
Free Cash Flow to Firm to Interest Expense	-74.09	-1.35	72.12	-15.11	62.67	53.90	-1.65	77.04	12.81	25.55	10.72
Operating Cash Flow to Interest Expense	7.85	10.70	9.05	7.14	9.96	10.85	11.29	8.03	11.06	1.49	3.21
Operating Cash Flow Less CapEx to Interest Expense	4.40	6.97	5.05	4.09	6.20	6.64	6.81	4.69	7.37	-2.39	-0.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.32	0.32	0.32	0.34	0.36	0.36	0.36	0.34	0.34	0.33
Accounts Receivable Turnover	7.65	7.62	7.66	7.48	7.81	8.10	8.12	7.98	8.08	8.10	8.24
Inventory Turnover	7.02	7.92	9.53	9.63	9.83	10.27	10.44	11.05	9.58	8.09	10.42
Fixed Asset Turnover	1.52	1.55	1.56	1.59	1.66	1.73	1.76	1.74	1.73	1.71	1.69
Accounts Payable Turnover	3.31	3.77	4.60	4.70	4.91	4.97	5.11	5.19	4.42	3.51	4.70
Days Sales Outstanding (DSO)	47.73	47.91	47.66	48.79	46.75	45.08	44.94	45.73	45.15	45.06	44.29
Days Inventory Outstanding (DIO)	52.01	46.09	38.30	37.90	37.14	35.55	34.96	33.02	38.09	45.14	35.02
Days Payable Outstanding (DPO)	110.19	96.78	79.29	77.68	74.36	73.48	71.45	70.36	82.62	104.12	77.66
Cash Conversion Cycle (CCC)	-10.46	-2.78	6.67	9.01	9.53	7.15	8.45	8.39	0.62	-13.92	1.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	194,299	191,957	113,869	218,344	126,476	133,715	124,734	128,930	122,919	113,276	124,130
Invested Capital Turnover	1.93	1.58	1.99	1.54	2.08	2.14	3.06	2.12	2.97	3.00	2.99
Increase / (Decrease) in Invested Capital	89,278	8,389	-75,649	26,814	-67,823	-58,242	10,865	-89,414	-3,557	-20,439	-604
Enterprise Value (EV)	257,813	253,650	322,366	301,234	331,877	372,371	340,353	470,380	399,103	476,524	452,772
Market Capitalization	602,011	591,278	681,921	676,833	745,284	763,986	776,892	912,940	877,881	992,317	978,010
Book Value per Share	$358.55	$349.87	$363.45	$387.61	$416.40	$401.43	$428.78	$264.52	$458.63	$474.50	$488.61
Tangible Book Value per Share	$279.56	$272.22	$281.07	$300.42	$327.18	$313.44	$336.72	$211.94	$372.35	$388.96	$399.44
Total Capital	588,734	580,243	604,425	636,701	677,108	659,508	699,041	700,539	731,599	756,313	776,417
Total Debt	119,081	116,496	122,744	123,624	125,347	124,781	128,271	122,754	123,628	124,507	124,762
Total Long-Term Debt	119,081	116,496	122,744	123,624	125,347	124,781	128,271	122,754	123,628	124,507	124,762
Net Debt	-352,622	-345,945	-367,812	-384,122	-425,285	-401,012	-446,036	-448,855	-485,052	-518,530	-527,525
Capital Expenditures (CapEx)	3,743	4,074	4,557	3,713	4,685	5,303	5,708	4,393	4,535	4,701	5,347
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-30,333	-30,101	-118,829	-30,682	-119,512	-122,832	-123,592	-121,119	-123,506	-129,256	-127,675
Debt-free Net Working Capital (DFNWC)	96,214	97,459	9,756	122,500	27,865	34,409	-85,570	67,874	-81,182	-92,075	-79,946
Net Working Capital (NWC)	96,214	97,459	9,756	122,500	27,865	34,409	-85,570	67,874	-81,182	-92,075	-79,946
Net Nonoperating Expense (NNE)	51,988	9,617	-11,737	-27,348	-25,752	22,239	-28,999	-860	-18,296	-15,902	-4,921
Net Nonoperating Obligations (NNO)	-275,354	-271,790	-367,812	-294,733	-425,285	-401,012	-446,036	-448,855	-485,052	-518,530	-527,525
Total Depreciation and Amortization (D&A)	2,710	2,728	2,758	3,051	3,096	3,210	3,129	3,168	3,198	3,206	3,283
Debt-free, Cash-free Net Working Capital to Revenue	-10.48%	-10.17%	-39.34%	-9.69%	-35.90%	-35.18%	-33.91%	-32.83%	-33.37%	-34.94%	-34.37%
Debt-free Net Working Capital to Revenue	33.23%	32.94%	3.23%	38.70%	8.37%	9.85%	-23.48%	18.40%	-21.93%	-24.89%	-21.52%
Net Working Capital to Revenue	33.23%	32.94%	3.23%	38.70%	8.37%	9.85%	-23.48%	18.40%	-21.93%	-24.89%	-21.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($29,773.84)	($1,833.22)	$12,300.20	$24,393.25	$24,791.52	($8,829.88)	$26,101.38	$8,830.88	$21,136.08	$18,284.18	$13,690.13
Adjusted Weighted Average Basic Shares Outstanding	2.21B	2.20B	2.20B	2.19B	2.18B	2.17B	2.17B	2.16B	2.16B	2.16B	2.16B
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	1.30B	1.30B	1.30B	1.30B	1.31B	1.31B	1.31B	1.31B	1.33B	1.33B	1.34B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.30B	1.30B	1.30B	1.30B	1.31B	1.31B	1.31B	1.31B	1.33B	1.33B	1.34B
Normalized Net Operating Profit after Tax (NOPAT)	8,746	6,919	6,500	8,409	10,447	9,672	8,759	11,972	12,202	10,578	14,830
Normalized NOPAT Margin	11.48%	9.00%	8.33%	9.85%	11.29%	10.38%	9.38%	13.32%	13.03%	11.37%	15.62%
Pre Tax Income Margin	-72.58%	-5.54%	28.32%	52.41%	49.12%	-18.19%	50.27%	17.48%	40.72%	34.96%	25.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-50.07	-3.28	6.92	8.64	10.50	10.97	8.53	11.13	12.40	10.70	12.53
NOPAT to Interest Expense	8.05	6.34	5.71	6.90	8.36	7.68	6.86	9.10	9.92	8.71	10.30
EBIT Less CapEx to Interest Expense	-53.51	-7.01	2.92	5.59	6.75	6.76	4.06	7.80	8.72	6.82	8.81
NOPAT Less CapEx to Interest Expense	4.60	2.61	1.71	3.86	4.61	3.47	2.39	5.76	6.23	4.84	6.59
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	143.73%	-3,594.96%	-35.70%	113.29%	10.87%	12.35%	9.44%	9.81%	9.11%	4.75%	3.26%

Frequently Asked Questions About Berkshire Hathaway's Financials

When does Berkshire Hathaway's fiscal year end?

According to the most recent income statement we have on file, Berkshire Hathaway's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Berkshire Hathaway's net income changed over the last 9 years?

Berkshire Hathaway's net income appears to be on an upward trend, with a most recent value of $89.56 billion in 2024, rising from $24.41 billion in 2015. The previous period was $97.15 billion in 2023.

What is Berkshire Hathaway's operating income?

Berkshire Hathaway's total operating income in 2024 was $60.94 billion, based on the following breakdown:

Total Gross Profit: $111.59 billion
Total Operating Expenses: $50.65 billion

How has Berkshire Hathaway revenue changed over the last 9 years?

Over the last 9 years, Berkshire Hathaway's total revenue changed from $210.94 billion in 2015 to $371.43 billion in 2024, a change of 76.1%.

How much debt does Berkshire Hathaway have?

Berkshire Hathaway's total liabilities were at $502.23 billion at the end of 2024, a 0.6% increase from 2023, and a 71.0% increase since 2015.

How much cash does Berkshire Hathaway have?

In the past 9 years, Berkshire Hathaway's cash and equivalents has ranged from $28.05 billion in 2016 to $88.18 billion in 2021, and is currently $47.73 billion as of their latest financial filing in 2024.

How has Berkshire Hathaway's book value per share changed over the last 9 years?

Over the last 9 years, Berkshire Hathaway's book value per share changed from 204.58 in 2015 to 488.61 in 2024, a change of 138.8%.

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This page (NYSE:BRK.B) was last updated on 4/15/2025 by MarketBeat.com Staff

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Berkshire Hathaway (BRK.B) Financials

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Berkshire Hathaway (BRK.B) Financials

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