Berkshire Hathaway (Class B)
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Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska.
From Wikipedia, CC BY-SA 4.0, revision of 24 Oct 2026.
What stands out
- Sales have grown about 8.6% a year for five years, so each $1 of sales in FY2020 is about $1.51 now.Revenue growth over 5–10 years: +8.6% a year
Worth digging into
- For every $1 of reported profit over 5 years, about $0.36 turned up as spare cash.Free cash flow (operating cash flow − capex), and FCF ÷ net income: $25.0B
From filed figures and the weekly screener snapshot, 30 Oct 2026. Observations to check in the tabs below, not advice.
What has the price done?
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Press and drag across the chart to see the change between two points. Source: Yahoo Finance, delayed. Bars are daily and prices are adjusted for splits, not dividends. Past returns don't predict future returns.
Dividends
Full chart
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How does it make money?
What it does is in the oven
We haven't typed up Berkshire Hathaway (Class B)'s business and region split yet. Every figure comes from the company's own results, so this takes a little time.
See companies we've covered ›History and context
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett (from 1970 to 2025) and vice chairman Charlie Munger (from 1978 to 2023). Greg Abel succeeded Buffett as CEO at the beginning of 2026. Buffett personally owns 38.4% of the Class A voting shares of Berkshire Hathaway, representing a 15.1% overall economic interest in the company.
The company is often compared to an investment fund; between 1965, when Buffett gained control of the company, and 2023, the company's shareholder returns amounted to a compound annual growth rate (CAGR) of 19.8% compared to a 10.2% CAGR for the S&P 500. From 1965 to 2023, the stock price had negative performance in only eleven years. In August 2024, Berkshire Hathaway became the eighth largest U.S. public company and the first non-technology company to be valued at over $1 trillion.
From Wikipedia's article Berkshire Hathaway, the lead section as of the revision of 24 Oct 2026, retrieved 1 Nov 2026. Text under CC BY-SA 4.0, pronunciation guides removed. Wikipedia can be edited by anyone; the company's own filings are the primary source.
What it actually sells Soon
A product-by-product guide to Berkshire Hathaway (Class B): what each one is, who buys it, and how much it brings in, in plain English and in the company's own terms. We're starting with the companies that are hardest to picture, like Broadcom.
Moat not rated yet
We haven't rated Berkshire Hathaway (Class B)'s moat. A rating needs at least five years of returns against the cost of capital, plus evidence for each of the five lenses.
How we rate moats ›Is it a good business at a fair price?
What each method implies
Ranges, not targetsThe five questions, and the price
Six checks from the annual reports. A flag marks a reason to dig deeper, not a verdict.
- 1. Is it growing?Within the guide
+8.6% a year
Revenue growth over 5–10 years
Revenue $245.5B in FY2020 to $371.4B in FY2025; +5.8% a year over 10 years. It fell in 0 of the last 5 years.
Sales have grown about 8.6% a year for five years, so each $1 of sales in FY2020 is about $1.51 now.
What to look for Steady growth, not one lucky year.
Source: FY2020 10-K, filed 1 Mar 2021; FY2025 10-K, filed 2 Mar 2026.
- 2. Is it profitable?
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Operating margin (operating income ÷ revenue)
Operating income isn't tagged in the 10-K.
We need operating income and revenue to answer this.
What to look for Stable or rising. It's cleaner than net income, which one-off items and tax can distort.
- 3. Is the profit real cash?Reason to dig deeper
$25.0B
Free cash flow (operating cash flow − capex), and FCF ÷ net income
FY2025 free cash flow: operating cash flow $46.0B less capex $20.9B. Over 5 years FCF was 36% of net income.
For every $1 of reported profit over 5 years, about $0.36 turned up as spare cash.
What to look for FCF positive and growing, and close to net income over time.
Source: FY2025 10-K, filed 2 Mar 2026.
- 4. Is it a good business?
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Return on invested capital (ROIC); ROE for banks
Equity, debt or cash isn't tagged for enough years to work out ROIC.
We need the balance sheet to answer this.
What to look for Clearly above the cost of capital (roughly 8–10%). Sustained 15%+ usually means a moat.
- 5. Can it survive a bad year?
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Net debt ÷ EBITDA or ÷ FCF, plus interest cover
Borrowings or cash isn't tagged in the 10-K.
We need the balance sheet to answer this.
What to look for Debt payable from about 3 years of FCF or less, interest covered many times.
- 6. Is the price right?
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FCF yield or EV/EBIT, and price against a cash-flow value
We need a share count and free cash flow to answer this.
We don't have the inputs to compare price and value yet.
What to look for Pay less than a cash-flow value estimate, with a margin of safety.
US figures: each company's Form 10-K as tagged on SEC EDGAR, collected 19 Oct 2026. Free cash flow is operating cash flow less purchases of property and equipment. Borrowings exclude leases. For education only. Not financial advice.
Ten years of financials
FY2016 to FY2025, in US dollars.
Source: Berkshire Hathaway (Class B), Form 10-K for each year as first filed, via SEC EDGAR XBRL. Latest: FY2025 10-K, filed 2 Mar 2026. Later restatements aren't applied.
How peers compare
Financials names we coverA sector is a loose fit — these are simply the financials names whose filings we've loaded, not a hand-picked set.
| Company | Revenue growth, 5y | Operating margin | P/E | EV/EBITDA |
|---|---|---|---|---|
| BRK.B | +8.6% a year | — | — | — |
| JPM | +8.8% a year | — | 16.8x | — |
| V | +12.9% a year | 60.0% | — | — |
| MA | +16.5% a year | 57.6% | 38.6x | 29.3x |
| BAC | +5.7% a year | — | 13.1x | — |
| GS | — | — | 17.4x | — |
- Peers' middle-half P/E
- 15.9x–22.7x (median 17.1x, 4 peers)
Prices: weekly screener snapshot, 30 Oct 2026. Profits: each company's latest annual filing via SEC EDGAR, as filed. Peers are same-sector names we cover, which is a looser fit. A multiple compares one year's profit with today's price; it says nothing about what either does next.
Not in Stock valuation yet
Stock valuation doesn't have Berkshire Hathaway (Class B)'s figures yet. You can still type them in: pick "Value your own company" and fill in the inputs from the latest results.
Value your own company ›Who owns it, and what's the mood?
Tracked investors and insiders
Trades in Berkshire Hathaway (Class B) by the people we follow: Warren Buffett and Michael Burry (13F), Grab's officers (Form 4) and Nancy Pelosi (House reports). They show what happened, often weeks later, not what to copy.
| Who | Did | Size | When | Disclosed |
|---|---|---|---|---|
| Li LuHimalaya Capital Management | AddedShares (Class B) | +210,569 sharesabout $105,366,622 at quarter-end value | Q2 2026 | 14 Aug 202645 days after Q2 2026 ended |
| Chuck AkreAkre Capital Management | TrimmedShares (Class B) | −2,155 sharesabout $1,078,340 at quarter-end value | Q2 2026 | 14 Aug 202645 days after Q2 2026 ended |
| Tom RussoGardner Russo & Quinn | TrimmedShares | −31,065 sharesabout $15,544,615 at quarter-end value | Q2 2026 | 13 Aug 202644 days after Q2 2026 ended |
Sources: SEC EDGAR 13F-HR and Form 4 filings, and the US House Clerk's Periodic Transaction Reports, checked 30 Oct 2026. 13F values are the quarter-end value, not the price paid. All tracked trades ›
- Largest shareholdersSoonThe biggest holders from 13F filings and the annual proxy statement.—
- Chief executive and board holdingsSoonShares held by the CEO and directors, from the proxy statement and Form 4s.—
- Short interestSoonHow many shares are sold short, from exchange short-interest reports.—
Crowd favourite or value trap?
Neither is a label we can put on a stock. These are signs worth looking into, each from a figure on this page.
Signs of a crowd-driven price
Meme stocks move on attention more than on results: big swings, a price far from cash-flow value, thin profits.
0 of 2 signs (2 without data)
- NoSwings at least twice as much as the marketBeta 0.58, 5 years of monthly returns
- NoUp more than 100%, or down more than 50%, in a year1-year price change +13.60%
- —Price more than 50% above the valuation sheet's middle valueNot in Stock valuation yet
- —Thin profits: operating margin under 5%, or a lossNo operating margin yet
Signs of a value trap
A value trap looks cheap because the business is shrinking or earning less than its capital costs.
0 of 2 signs (2 without data)
- —Looks cheap: P/E under 12 or FCF yield over 8%No P/E or FCF yield yet
- NoRevenue lower than five years agoRevenue +8.6% a year over 5 years
- —Returns below the cost of capitalNot rated yet
- NoMore than 30% below its 52-week high−1.4% from the 52-week high
Prices, beta and 1-year change: Yahoo Finance weekly snapshot, 30 Oct 2026. Business figures: the five questions under Valuation and financials. A sign is a reason to dig deeper, not a verdict. For education only. Not financial advice.
Read it through a lens
Price data: Yahoo Finance, delayed. Company figures: each company's own filings, dated where they appear. A ticker on this site is not a recommendation. For education only. Not financial advice.