Berkshire Hathaway Inc. Class B

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.

R40: 10 · 2026 Q1 $1.10T
$511.54
News

Coverage

News

We Said Buffett's Apple Selling Was the Statement. Apple Then Became the Most Valuable Company in the World.

In February we argued that Warren Buffett quietly selling down two-thirds of his Apple stake was itself the argument. Five months later Apple overtook Nvidia to become the most valuable company on earth — and we never wrote the follow-up. Berkshire reports Monday, for the third time under a different CEO, and the number most likely to be misread is its earnings per share.

R40
News

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.

R40
News

Berkshire Hathaway stock price outperforms

Stock shines as investors go defensive; $350 billion cash helps amid Wall Street slip, ahead of jobs report.

EuropeSays
News

Buffett Indicator at Extreme Overvaluation

Indicator 2.2 STD above trend, most extreme ever; historically triggers corrections or bear markets.

@BraVoCycles on X
News

Berkshire Hathaway has more cash than Bitcoin market value

$382B cash exceeds Bitcoin on exchanges; most coins unavailable due to exchange wallet use.

@Rajatsoni on X
News

Berkshire Hathaway Cost Basis on UnitedHealth

Cost basis around $313-315; UnitedHealth down 20% to $280s—opportunity to be greedy when others are fearful.

@DudeWhoInvests on X

See all news →

Rule of 40 2026 Q1
10.2
✗ Below 40
Revenue Growth YoY +4.4%
+
FCF Margin +5.8%
History
11
Q2
-3
Q3
1
Q4
2024 R40 +5
7
Q1
4
Q2
11
Q3
5
Q4
2025 R40 +7
10
Q1
ANALYST RATINGS
Avg target withheld — over 90 days old
Latest analyst action Feb 10, 2026
BRK-B
TD Cowen
Hold $465
Initiated
2024-07-22
Argus
Buy $450
Upgrade
2024-05-29
JP Morgan
Overweight $210
Initiated
2017-09-14
Barclays
Overweight $205
Reiterated
2017-08-11
Barclays
Overweight $166
Reiterated
2016-01-07

See all 11 ratings →

Company timeline

Earnings release dates

Quarter End date Publication date Release
2026 Q2 2026-06-30 2026-08-03 Details →
2026 Q1 2026-03-31 2026-05-03 Details →
2025 Q4 2025-12-31 2026-02-28 Details →
2025 Q3 2025-09-30 2025-11-01 Details →
2025 Q2 2025-06-30 2025-08-02 Details →
2025 Q1 2025-03-31 2025-05-03 Details →
2024 Q4 2024-12-31 2025-02-22 Details →
2024 Q3 2024-09-30 2024-11-02 Details →
2024 Q2 2024-06-30 2024-08-03 Details →
2024 Q1 2024-03-31 2024-05-04 Details →
2023 Q4 2023-12-31 2024-02-24 Details →
2023 Q3 2023-09-30 2023-11-04 Details →
2023 Q2 2023-06-30 2023-08-05 Details →
2023 Q1 2023-03-31 2023-05-06 Details →
2022 Q4 2022-12-31 2023-02-25 Details →
2022 Q3 2022-09-30 2022-11-05 Details →
2022 Q2 2022-06-30 2022-08-06 Details →
2022 Q1 2022-03-31 2022-04-30 Details →
2021 Q4 2021-12-31 2022-02-26 Details →
2021 Q3 2021-09-30 2021-11-06 Details →
2021 Q2 2021-06-30 2021-08-07 Details →
2021 Q1 2021-03-31 2021-05-01 Details →
2020 Q4 2020-12-31 2021-02-27 Details →
2020 Q3 2020-09-30 2020-11-07 Details →
2020 Q2 2020-06-30 2020-08-08 Details →
2020 Q1 2020-03-31 2020-05-02 Details →

All BRK-B earnings →

Background

Company History

Exchange
NYSE
IPO Date
May 9, 1996
IPO Price
$1,110.00
as issued; not split-adjusted, so not comparable to the current price
Shares Outstanding
2.16B
1955
Merger Formation

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.

1965
Buffett Takes Control

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.

1967
Entry into Insurance

Acquired National Indemnity Company for $8.6 million, entering the insurance business, which became a core component.

2008
Financial Crisis Investments

Invested $5 billion in Goldman Sachs preferred stock during crisis, earning over $2 billion in profit from warrants.

2010
Major Railroad Acquisition

Acquired BNSF Railway for $26 billion after initial 10.9% buy in 2007, becoming its largest acquisition.

2016
Precision Castparts Purchase

Acquired Precision Castparts Corp. for $32.1 billion; in 2020, wrote down value by ~$10 billion.

2022
Alleghany Corporation Deal

Acquired Alleghany Corporation for $11.6 billion, reducing price by investment banker fees.

2025
CEO Transition

Warren Buffett retired as CEO at end of 2025, with Greg Abel succeeding on January 1, 2026; Buffett remains chairman.

2025
OxyChem Acquisition

Acquired OxyChem for $9.7 billion in cash, marking largest deal in three years as of October 2025.

Leadership

Key Players

showing 6 of 18 · see all leadership & board

Warren E. Buffett
Chairman (Chief Executive Officer until end of 2025)
The "Oracle of Omaha" led Berkshire from 1965 until stepping down as CEO at the end of 2025, transforming it from a textile company into a $1T+ conglomerate. Legendary value investor and capital allocator.
Gregory E. Abel
Chief Executive Officer
Succeeded Buffett as CEO on January 1, 2026. Oversees all non-insurance businesses including BNSF Railway and Berkshire Hathaway Energy. Joined via MidAmerican Energy acquisition.
Ajit Jain
Vice Chairman, Insurance Operations
Oversees all insurance operations including GEICO, General Re, and Berkshire Hathaway Reinsurance Group. Joined Berkshire in 1986; renowned for underwriting complex risks.
Marc D. Hamburg
Chief Financial Officer & Senior Vice President
CFO since 1992. Oversees financial reporting, treasury functions, and regulatory compliance. Key to maintaining Berkshire's conservative capital structure.
Todd Combs
Investment Manager & CEO of GEICO
Manages a portion of Berkshire's equity portfolio. Also serves as CEO of GEICO, Berkshire's flagship auto insurer. Joined Berkshire in 2010.
Ted Weschler
Investment Manager
Manages a significant portion of Berkshire's investment portfolio. Former hedge fund manager who joined in 2012. Focuses on healthcare, technology, and financials.
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