Financials in USD. Standardized financial statements.
A compact view of how Berkshire Hathaway Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $371.44B | $371.43B | $364.48B | $302.02B | $276.09B | $245.51B | $254.62B | $247.84B | $239.93B | $215.38B |
| Revenue Growth? | +0.0% | +1.9% | +20.7% | +9.4% | +12.5% | -3.6% | +2.7% | +3.3% | +11.4% | 0.0% |
| Cost of Revenue? | $283.67B | $284.86B | $293.54B | $242.63B | $220.93B | $196.73B | $202.42B | $197.12B | $197.66B | $169.15B |
| Gross Profit? | $87.78B | $86.58B | $70.95B | $59.39B | $55.16B | $48.78B | $52.20B | $50.71B | $42.27B | $46.24B |
| Gross Margin? | +23.6% | +23.3% | +19.5% | +19.7% | +20.0% | +19.9% | +20.5% | +20.5% | +17.6% | +21.5% |
| Operating Expenses? | $28.89B | $27.14B | $22.82B | $17.81B | $20.14B | $18.81B | $19.51B | $18.60B | $18.20B | $18.22B |
| Operating Income? | $58.88B | $59.44B | $48.12B | $41.59B | $35.02B | $29.98B | $32.68B | $32.11B | $24.07B | $28.02B |
| EBITDA? | $72.36B | $72.29B | $60.61B | $52.49B | $45.74B | $40.57B | $42.75B | $41.89B | $33.26B | $36.92B |
| Income Before Tax | $82.46B | $110.38B | $120.17B | -$30.50B | $111.86B | $55.69B | $102.70B | $4.00B | $23.84B | $33.67B |
| Income Tax Expense | $15.20B | $20.82B | $23.02B | -$8.50B | $20.91B | $12.44B | $20.90B | -$321.00M | -$21.52B | $9.24B |
| Net Income? | $66.97B | $89.00B | $96.22B | -$22.76B | $89.94B | $42.52B | $81.42B | $4.02B | $44.94B | $24.07B |
| EPS? | $31.04 | $41.27 | $44.27 | $-10.36 | $39.64 | $17.78 | $33.22 | $1.63 | $18.22 | $9.76 |
| Diluted EPS? | $31.04 | $41.27 | $44.27 | $-10.36 | $39.64 | $17.78 | $33.22 | $1.63 | $18.22 | $9.76 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality