BRK-B financial statements

The full income statement, balance sheet, and cash-flow statement for Berkshire Hathaway Inc. (BRK-B), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-03 2.16B2024-06 2.16B2024-09 2.16B2024-12 2.16B2025-03 2.16B2025-06 2.16B2025-09 2.16B2025-12 2.16B2026-03 2.16B+0.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	371B YoY+0.0%	371B YoY+1.9%	364B YoY+20.7%	302B YoY+9.4%	276B YoY+12.5%
Lease income	10.0B YoY+8.7%	9.23B YoY+9.6%	8.42B YoY+12.0%	7.51B YoY+25.5%	5.99B YoY+15.0%
Amortization of intangibles	1.70B YoY-5.6%	1.80B YoY+0.0%	1.80B YoY+50.0%	1.20B YoY-4.2%	1.25B YoY-2.0%
Provision for credit losses	530M YoY+13.0%	469M YoY-8.6%	513M YoY+25.4%	409M YoY-7.3%	441M YoY-21.8%
Interest expense	5.07B YoY-2.5%	5.20B YoY+3.9%	5.00B YoY+15.0%	4.35B YoY+4.3%	4.17B YoY+2.2%
Equity-method income	-9.59B YoY-620.9%	1.84B YoY-6.7%	1.97B YoY+5.9%	1.86B YoY+110.3%	886M YoY+34.9%
Gain (loss) on equity securities	40.0B YoY-24.3%	52.8B YoY-26.5%	71.8B YoY+207.2%	-67.0B YoY-186.7%	77.4B YoY+89.1%
Pre-tax income	82.5B YoY-25.3%	110B YoY-8.1%	120B YoY+494.0%	-30.5B YoY-127.3%	112B YoY+100.9%
Income tax	15.2B YoY-27.0%	20.8B YoY-9.6%	23.0B YoY+370.7%	-8.50B YoY-140.7%	20.9B YoY+68.1%
	67.0B YoY-24.8%	89.0B YoY-7.5%	96.2B YoY+522.8%	-22.8B YoY-125.3%	89.9B YoY+111.5%
Net income to non-controlling interest	292M YoY-48.4%	566M YoY-38.7%	924M YoY+21.4%	761M YoY-24.8%	1.01B YoY+38.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	52.6B YoY+8.7%	48.4B YoY+25.2%	38.6B YoY+6.2%	36.4B YoY-59.0%	88.7B YoY+83.3%
Inventory	24.4B YoY+1.7%	24.0B YoY-7.1%	25.9B YoY+1.9%	25.4B YoY+21.1%	21.0B YoY+9.1%
	1.22T YoY+5.9%	1.15T YoY+7.8%	1.07T YoY+12.8%	948B YoY-1.1%	959B YoY+9.8%
Operating lease right-of-use	6.02B YoY+3.0%	5.84B YoY+10.7%	5.28B YoY+6.1%	4.97B YoY-2.3%	5.09B YoY-8.7%
Goodwill	83.1B YoY-1.0%	83.9B YoY-0.9%	84.6B YoY+8.3%	78.1B YoY+5.7%	73.9B YoY+0.2%
	502B YoY+0.0%	502B YoY+0.6%	499B YoY+6.9%	467B	—
Operating lease liability (total)	6.29B YoY+4.9%	6.00B YoY+13.2%	5.30B YoY+7.3%	4.94B YoY-1.0%	4.99B YoY-8.7%
Deferred tax liabilities	85.6B YoY+2.4%	83.6B YoY-9.5%	92.3B YoY+20.8%	76.4B YoY-14.8%	89.7B YoY+22.4%
	717B YoY+10.5%	649B YoY+15.7%	561B YoY+18.6%	473B YoY-6.5%	506B YoY+15.9%
Common stock	8.00M YoY+0.0%	8.00M YoY+0.0%	8.00M YoY+0.0%	8.00M YoY+0.0%	8.00M YoY+0.0%
Additional paid-in capital	35.6B YoY-0.1%	35.7B YoY+3.4%	34.5B YoY-2.0%	35.2B YoY-1.2%	35.6B YoY-0.1%
Retained earnings	763B YoY+9.6%	696B YoY+14.6%	607B YoY+18.8%	511B YoY-4.4%	534B YoY+20.4%
Treasury stock	78.9B YoY+0.0%	78.9B YoY+2.8%	76.8B YoY+13.2%	67.8B YoY+13.4%	59.8B YoY+82.0%
Accumulated other comprehensive income	-2.45B YoY+31.7%	-3.58B YoY+4.8%	-3.76B YoY+25.5%	-5.05B YoY-25.5%	-4.03B YoY+59.7%
Non-controlling interest	2.28B YoY-0.1%	2.29B YoY-63.3%	6.24B YoY-24.5%	8.26B YoY-5.4%	8.73B YoY+6.8%
Total equity incl. non-controlling	720B YoY+10.4%	652B YoY+14.8%	568B YoY+17.8%	482B YoY-5.6%	510B YoY+14.7%
Total liabilities & equity	1.22T YoY+5.9%	1.15T YoY+7.8%	1.07T YoY+12.8%	948B YoY-1.1%	959B YoY+9.7%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	46.0B YoY+50.3%	30.6B YoY-37.8%	49.2B YoY+31.7%	37.4B YoY-5.3%	39.4B YoY-0.9%
Depreciation & amortization	13.5B YoY+4.8%	12.9B YoY+3.0%	12.5B YoY+14.6%	10.9B YoY+1.7%	10.7B YoY+1.2%
Intangible amortization	1.70B YoY-5.6%	1.80B YoY+0.0%	1.80B YoY+50.0%	1.20B YoY-4.2%	1.25B YoY-2.0%
Deferred income taxes	1.87B YoY+119.3%	-9.65B YoY-162.7%	15.4B YoY+215.5%	-13.3B YoY-185.4%	15.6B YoY+111.0%
Change in inventory	—	-591M YoY+58.6%	-1.43B YoY-129.8%	4.78B YoY+156.7%	1.86B YoY+373.4%
Other operating activities	—	—	—	-2.18B YoY-10.8%	-1.96B YoY-307.5%
	-44.5B YoY-332.5%	-10.3B YoY+68.5%	-32.7B YoY+62.7%	-87.6B YoY-398.0%	29.4B YoY+177.8%
Capital expenditure	20.9B YoY+10.3%	19.0B YoY-2.2%	19.4B YoY+25.5%	15.5B YoY+16.5%	13.3B YoY+2.0%
Free cash flow	25.0B YoY+115.6%	11.6B YoY-61.0%	29.8B YoY+36.1%	21.9B YoY-16.3%	26.2B YoY-2.3%
Acquisitions	1.07B YoY+171.2%	396M YoY-95.4%	8.60B YoY-18.8%	10.6B YoY+2223.2%	456M YoY-82.0%
Other investing activities	-1.16B YoY-693.3%	195M YoY+128.5%	-685M YoY-186.6%	-239M YoY+69.0%	-770M YoY-119.4%
	2.23B YoY+121.6%	-10.4B YoY+28.1%	-14.4B YoY-766.7%	-1.66B YoY+94.2%	-28.5B YoY-55.4%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Net short-term debt	878M YoY+128.7%	-3.06B YoY-227.1%	2.41B YoY+503.9%	-596M YoY+4.5%	-624M YoY+44.2%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00 YoY-100.0%	2.92B YoY-68.2%	9.17B YoY+16.8%	7.85B YoY-71.0%	27.1B YoY+9.5%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	-793M YoY+85.9%	-5.62B YoY-35.6%	-4.15B YoY-109.6%	-1.98B YoY-184.7%	-695M YoY-62.0%
FX effect on cash	478M YoY+325.5%	-212M YoY-282.8%	116M YoY+129.4%	-394M YoY-39300.0%	-1.00M YoY-101.1%
Net change in cash	4.19B YoY-56.9%	9.73B YoY+333.7%	2.24B YoY+104.3%	-52.3B YoY-229.8%	40.3B YoY+348.3%
Income taxes paid	14.0B YoY-51.0%	28.5B YoY+267.6%	7.76B YoY+83.3%	4.24B YoY-21.7%	5.41B YoY+8.2%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	1.08T	—	—	—	—
P/E	16.2×	—	—	—	—
P/S	2.9×	—	—	—	—
P/B	1.5×	—	—	—	—
P/FCF	43.3×	—	—	—	—
	6.2%	—	—	—	—
	2.3%	—	—	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: BRK-B's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BRK-B filings on SEC EDGAR → Not investment advice.