Berkshire Hathaway Class B
Owns decentralized insurance, railroad, energy, manufacturing, service, and retail businesses.
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Profile
Owns insurance and reinsurance businesses, BNSF, Berkshire Hathaway Energy, and a broad set of manufacturing, chemical, homebuilding, distribution, service, and retail subsidiaries. Earnings combine operating results with investment income on insurance float, while an unusually decentralized structure leaves daily management to individual businesses.
Owns a decentralized collection of businesses spanning insurance and reinsurance, freight rail, regulated utilities and energy, manufacturing, chemicals, homebuilding, distribution, services, and retailing. GEICO, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group anchor insurance; BNSF and Berkshire Hathaway Energy are major non-insurance operations, alongside OxyChem, Precision Castparts, Marmon, McLane, Pilot, Clayton Homes, Taylor Morrison, and NetJets.
Combines underwriting earnings and investment income on insurance float with cash generated by owned operating businesses. Subsidiary managers run daily operations with few centralized functions, while the CEO directs major capital allocation. Most employees are in the United States, though several businesses operate internationally. Insurance subsidiaries operate under state and international licensing, solvency, and capital rules.
Company facts
Key statistics
Year to date +1.6% · Average volume (30d) 4.1M
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 8, 2026Q2 FY26 | $5.13 | $6.02 | +17.3% | $96.52B | $101.81B | +5.5% | +1.46% |
| May 2, 2026Q1 FY26 | $5.08 | $5.25 | +3.3% | $92.91B | $93.68B | +0.8% | −0.95% |
| Mar 2, 2026Q4 FY25 | $5.51 | $4.73 | −14.2% | $96.98B | $100.67B | +3.8% | +0.25% |
| Nov 3, 2025Q3 FY25 | $5.39 | $14.27 | +164.7% | $99.18B | $94.97B | −4.2% | +2.52% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $89.73B | $92.52B | $94.97B | $94.23B | $93.68B | $101.81B | |
| Gross profit | $20.40B | $22.32B | $23.38B | $21.68B | $21.61B | $23.80B | |
| Operating income | $12.71B | $15.58B | $16.66B | $12.99B | $15.37B | $17.49B | |
| Net income | $4.60B | $12.37B | $30.80B | $19.20B | $10.11B | $25.67B | |
| Diluted EPS | $2.13 | $5.73 | $14.28 | $8.90 | $4.68 | $11.91 | |
| Gross margin | 22.7% | 24.1% | 24.6% | 23.0% | 23.1% | 23.4% | |
| Operating margin | 14.2% | 16.8% | 17.5% | 13.8% | 16.4% | 17.2% |
Fiscal years (4-quarter sums)FY18 $247.84B · FY19 $254.62B · FY20 $245.51B · FY24 $371.43B · FY25 $371.44B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $365.51B · Total debt $129.37B · Total assets $1.26T · Shareholders' equity $750.18B
Dividends
No dividends on record.
Ownership
Shares outstanding 2.16B · Float 1.39B
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 121.18M | 5.62% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 118.36M | 5.49% | 13F | Aug 13, 2026 |
| State Street Corp | 75.75M | 3.51% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 41.53M | 1.93% | 13F | Aug 12, 2026 |
| Morgan Stanley | 26.67M | 1.24% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Michael J. O'Sullivan | officer: See Remarks | +488 | $512.44 |
| Aug 12, 2026 | Charles C. Chang | officer: See Remarks | +1 |
Peers
- Progressive
Direct auto insurance rival to GEICO via telematics-led pricing supremacy.
- Union Pacific
BNSF's named primary rail rival across the same western US freight corridors.
- NextEra Energy
Leading US utility and world's largest renewable generator competing with BHE.
- Markel Group
Structural "baby Berkshire" — float, equity portfolio, and owned businesses.
- Chubb
Global commercial P&C leader in specialty, commercial lines, and reinsurance.
- Travelers
#1 US commercial lines writer, competing with BH Primary Group.
- Allstate
#4 US auto and #2 homeowners insurer, named GEICO rival in Berkshire's 10-K.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Berkshire Hathaway Class B | $504.99 | −0.00% | $1.09T | 12.7 | 23.2 | 2.8 | +3.0% |
| Progressive | $217.33 | −0.61% | $127.12B | 11.0 | 13.3 | 1.4 | −4.2% |
| Union Pacific | $307.42 | +0.01% | $182.62B | 24.9 | 22.7 | 7.2 | +11.5% |
| NextEra Energy | $81.84 | +0.02% | $170.72B | 18.3 | 19.9 | 5.9 | +12.5% |
| Markel Group | $1,818.69 | −0.07% | $22.53B | 10.0 | 15.8 | 1.3 | +17.6% |
| Chubb | $340.37 | +0.13% | $131.14B | 12.0 | 12.2 | 2.1 | −1.3% |
| Travelers | $372.15 | +0.62% | $77.15B | 9.9 | 12.4 | 1.6 | −4.8% |
| Allstate | $260.58 | −0.03% | $67.08B | 5.2 | 9.2 | 1.0 | −7.2% |
| Median | 11.0 | 13.3 | 1.6 | −1.3% |