BRK-B
Berkshire Hathaway Inc. Class B
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Berkshire Hathaway Inc. Class B.
Berkshire Hathaway Inc. is a holding company that owns a diversified group of operating businesses and a large equity and fixed-income investment portfolio. Operations include insurance and reinsurance (GEICO, Berkshire Hathaway Reinsurance, and others), freight rail (BNSF), energy and utilities (Berkshire Hathaway Energy), manufacturing, service and retailing businesses, and a large cash and securities portfolio including public equities. The company is known for decentralized operating management and centralized capital allocation.
Coverage
Berkshire Crossed 10% of Lennar by One Share, Then Bought 2.7 Million More
Berkshire's Form 3 reports 21,050,601 Lennar Class A shares, one past 10% of the class. By 21 September it held 11.27%, and 5.64% of the votes.
Berkshire's New Chairman Holds 0.0016% of the Votes
Howard Buffett is Berkshire's chairman from today. Warren keeps 29.7% of the votes and 13.2% of the economics, and has until 31 December 2034 to give them up.
We Said Buffett's Apple Selling Was the Statement. Apple Then Became the Most Valuable Company in the World.
Berkshire reports its third quarter under a new CEO after Buffett's Apple sell-down — and its EPS is the number most likely to be misread. Our Q2 2026 preview.
Apple Just Posted Its Best Quarter Ever. Buffett Kept Selling.
Apple posted a record $143.7B quarter with 16% revenue growth. Buffett sold another 10.3M shares. The FTC is circling. And the stock is down 8% from its January highs. Something doesn't add up.
Where the revenue goes next
Latest: $101.81B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $63.02B |
| 2020Q4 | $64.45B |
| 2021Q1 | $64.60B |
| 2021Q2 | $69.11B |
| 2021Q3 | $70.58B |
| 2021Q4 | $71.89B |
| 2022Q1 | $70.84B |
| 2022Q2 | $76.20B |
| 2022Q3 | $76.90B |
| 2022Q4 | $78.07B |
| 2023Q1 | $85.39B |
| 2023Q2 | $92.50B |
| 2023Q3 | $93.21B |
| 2023Q4 | $93.38B |
| 2024Q1 | $89.87B |
| 2024Q2 | $93.65B |
| 2024Q3 | $93.00B |
| 2024Q4 | $94.92B |
| 2025Q1 | $89.72B |
| 2025Q2 | $92.52B |
| 2025Q3 | $94.97B |
| 2025Q4 | $94.23B |
| 2026Q1 | $93.67B |
| 2026Q2 | $101.81B |
Latest: $11.91 (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $12.65 |
| 2020Q4 | $14.67 |
| 2021Q1 | $5.09 |
| 2021Q2 | $12.32 |
| 2021Q3 | $4.59 |
| 2021Q4 | $17.68 |
| 2022Q1 | $2.52 |
| 2022Q2 | −$19.76 |
| 2022Q3 | −$1.27 |
| 2022Q4 | $8.19 |
| 2023Q1 | $16.24 |
| 2023Q2 | $16.51 |
| 2023Q3 | −$5.88 |
| 2023Q4 | $17.38 |
| 2024Q1 | $5.88 |
| 2024Q2 | $14.07 |
| 2024Q3 | $12.17 |
| 2024Q4 | $9.12 |
| 2025Q1 | $2.13 |
| 2025Q2 | $5.73 |
| 2025Q3 | $14.27 |
| 2025Q4 | $8.90 |
| 2026Q1 | $4.68 |
| 2026Q2 | $11.91 |
Latest: 12.6 (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | 14.2 |
| 2020Q4 | 12.6 |
| 2021Q1 | 5.8 |
| 2021Q2 | 6.1 |
| 2021Q3 | 7.3 |
| 2021Q4 | 7.5 |
| 2022Q1 | 9.5 |
| 2022Q2 | 54.5 |
| 2022Q3 | n/m |
| 2022Q4 | n/m |
| 2023Q1 | 89.2 |
| 2023Q2 | 8.6 |
| 2023Q3 | 10.0 |
| 2023Q4 | 8.1 |
| 2024Q1 | 12.4 |
| 2024Q2 | 12.9 |
| 2024Q3 | 9.3 |
| 2024Q4 | 11.0 |
| 2025Q1 | 14.2 |
| 2025Q2 | 16.6 |
| 2025Q3 | 16.1 |
| 2025Q4 | 16.2 |
| 2026Q1 | 14.2 |
| 2026Q2 | 12.6 |
Latest: $5.57B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $8.43B |
| 2020Q4 | $7.05B |
| 2021Q1 | $6.79B |
| 2021Q2 | $7.11B |
| 2021Q3 | $8.49B |
| 2021Q4 | $3.77B |
| 2022Q1 | $3.74B |
| 2022Q2 | $4.79B |
| 2022Q3 | $7.61B |
| 2022Q4 | $5.75B |
| 2023Q1 | $4.98B |
| 2023Q2 | $7.75B |
| 2023Q3 | $8.37B |
| 2023Q4 | $8.69B |
| 2024Q1 | $6.17B |
| 2024Q2 | $9.07B |
| 2024Q3 | −$2.90B |
| 2024Q4 | −$726M |
| 2025Q1 | $6.62B |
| 2025Q2 | $5.23B |
| 2025Q3 | $8.20B |
| 2025Q4 | $4.99B |
| 2026Q1 | $5.45B |
| 2026Q2 | $5.57B |
Latest: 2.14B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | 2.38B |
| 2020Q4 | 2.34B |
| 2021Q1 | 2.30B |
| 2021Q2 | 2.28B |
| 2021Q3 | 2.25B |
| 2021Q4 | 2.23B |
| 2022Q1 | 2.21B |
| 2022Q2 | 2.21B |
| 2022Q3 | 2.20B |
| 2022Q4 | 2.20B |
| 2023Q1 | 2.18B |
| 2023Q2 | 2.17B |
| 2023Q3 | 2.17B |
| 2023Q4 | 2.17B |
| 2024Q1 | 2.16B |
| 2024Q2 | 2.16B |
| 2024Q3 | 2.16B |
| 2024Q4 | 2.16B |
| 2025Q1 | 2.16B |
| 2025Q2 | 2.16B |
| 2025Q3 | 2.16B |
| 2025Q4 | 2.16B |
| 2026Q1 | 2.16B |
| 2026Q2 | 2.14B |
Latest: $266.96B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $134.40B |
| 2020Q4 | $141.45B |
| 2021Q1 | $148.24B |
| 2021Q2 | $155.35B |
| 2021Q3 | $163.84B |
| 2021Q4 | $167.60B |
| 2022Q1 | $171.34B |
| 2022Q2 | $176.13B |
| 2022Q3 | $183.74B |
| 2022Q4 | $189.49B |
| 2023Q1 | $194.47B |
| 2023Q2 | $202.22B |
| 2023Q3 | $210.59B |
| 2023Q4 | $219.28B |
| 2024Q1 | $225.45B |
| 2024Q2 | $234.52B |
| 2024Q3 | $231.62B |
| 2024Q4 | $230.89B |
| 2025Q1 | $237.52B |
| 2025Q2 | $242.74B |
| 2025Q3 | $250.95B |
| 2025Q4 | $255.94B |
| 2026Q1 | $261.39B |
| 2026Q2 | $266.96B |
Latest earnings
Company History
Berkshire Hathaway formed from merger of Hathaway Manufacturing Company and Berkshire Fine Spinning Associates, creating a textile manufacturer with 15 plants and over 12,000 workers.
Warren Buffett gained control, firing manager Seabury Stanton after a dispute over a tender offer, marking the start of his management and shift from textiles.
Acquired National Indemnity Company for $8.6 million, entering the insurance business, which became a core component.
Invested $5 billion in Goldman Sachs preferred stock during crisis, earning over $2 billion in profit from warrants.
Acquired BNSF Railway for $26 billion after initial 10.9% buy in 2007, becoming its largest acquisition.
Acquired Precision Castparts Corp. for $32.1 billion; in 2020, wrote down value by ~$10 billion.
Acquired Alleghany Corporation for $11.6 billion, reducing price by investment banker fees.
Warren Buffett retired as CEO at end of 2025, with Greg Abel succeeding on January 1, 2026; Buffett remains chairman.
Acquired OxyChem for $9.7 billion in cash, marking largest deal in three years as of October 2025.
Key Players
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The CEO view — 5 podcasts, interviews & articles →
The chairman's view — 2 podcasts, interviews & articles →
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By latest reported 13F position value. Market value at quarter-end, not cost basis.
