Berkshire Hathaway is a holding company with a wide array of subsidiaries engaged in diverse activities. The firm's core business segment is insurance, run primarily through Geico, Berkshire Hathaway Reinsurance Group, and Berkshire Hathaway Primary Group. Berkshire has used the excess cash thrown off from its operations to acquire Burlington Northern Santa Fe (railroad), Berkshire Hathaway Energy (utilities and energy distributors), and the companies that make up its manufacturing, service, and retailing operations (which include Precision Castparts, Lubrizol, Clayton Homes, Marmon, and IMC/ISCAR). The conglomerate is unique in that it is run on a completely decentralized basis. Berkshire is expected to generate close to $375 billion in revenue in 2025.
BERKSHIRE HATHAWAY Class B
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The chart shows the growth of an initial investment of $10,000 in Berkshire Hathaway Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Berkshire Hathaway Inc. (BRK.A) has returned -4.49% so far this year and 2.02% over the past 12 months. Looking at the last ten years, BRK.A has achieved an annualized return of 12.76%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Berkshire Hathaway Inc. (BRK.A) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.67% | 5.12% | -2.87% | -0.12% | ||||||||
| 2025 | 2.56% | 12.11% | 2.94% | 0.31% | -5.12% | -3.25% | -1.06% | 6.04% | -0.20% | -5.09% | 7.02% | -1.96% |
| 2024 | 7.14% | 6.37% | 2.71% | -5.57% | 5.19% | -2.16% | 7.19% | 8.39% | -2.91% | -1.85% | 6.73% | -6.20% |
| 2023 | 0.01% | -1.36% | 1.04% | 7.25% | -2.95% | 5.83% | 3.14% | 1.21% | -3.12% | -2.52% | 5.45% | -0.61% |
| 2022 | 3.94% | 1.44% | 9.73% | -8.62% | -2.44% | -14.19% | 10.79% | -6.79% | -3.45% | 8.70% | 6.70% | -2.56% |
| 2021 | -1.07% | 5.68% | 3.53% | 6.32% | 4.07% | -4.59% | 0.05% | 2.12% | -4.59% | 4.84% | -4.06% | 6.91% |
| 2020 | -1.51% | -8.59% | -13.38% | 5.94% | 0.19% | -3.91% | 9.73% | 11.04% | -1.69% | -5.83% | 11.77% | 0.39% |
| 2019 | 3.15% | -2.52% | -1.09% | 7.36% | -8.79% | 7.19% | -3.85% | -2.31% | 3.19% | 1.86% | 3.20% | 2.66% |
| 2018 | 8.73% | -3.74% | -3.83% | -2.67% | -1.36% | -2.77% | 6.91% | 4.40% | 1.33% | -4.78% | 5.84% | -7.69% |
| 2017 | -0.16% | 3.79% | -4.57% | -0.94% | -0.01% | 2.48% | 3.06% | 2.85% | 0.71% | 1.99% | 3.30% | 2.40% |
| 2016 | 3.38% | -3.42% | 2.78% | -0.19% | 4.26% | -4.19% | -0.14% | 9.32% | 3.28% |
The charts below present risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK.A) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of BRKA compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Berkshire Hathaway Inc. volatility is 0.86%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 1.22T | 1.15T | 1.07T | 948.45B | 958.78B | 873.73B | 817.73B | 707.79B | 702.10B | 552.26B | 526.19B | 484.93B | 427.45B | 392.65B | 372.23B |
| Temporary Equity (USD) | - | - | 3.26B | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Attributable To Parent (USD) | 717.42B | 649.37B | 561.27B | 472.36B | 506.20B | 443.16B | 424.79B | 348.70B | 348.30B | 255.55B | 240.17B | 221.89B | 187.65B | 164.85B | 157.32B |
| Equity Attributable To Noncontrolling Interest (USD) | 2.28B | 2.29B | 6.24B | 8.26B | 8.73B | 8.17B | 3.77B | 3.80B | 3.66B | 3.08B | 2.86B | 2.60B | 3.94B | 4.11B | 5.62B |
| Equity (USD) | 719.70B | 651.66B | 567.51B | 480.62B | 514.93B | 451.34B | 428.56B | 352.50B | 351.95B | 258.63B | 243.03B | 224.49B | 191.59B | 168.96B | 162.93B |
| Redeemable Noncontrolling Interest, Common (USD) | - | - | 3.26B | - | - | - | - | - | - | - | - | - | - | - | - |
| Redeemable Noncontrolling Interest (USD) | - | - | 3.26B | - | - | - | - | - | - | - | - | - | - | - | - |
| Noncurrent Liabilities (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Liabilities (USD) | 502.47B | 502.23B | 499.21B | 467.84B | 443.85B | 422.39B | 389.17B | 355.29B | 350.14B | 293.63B | 283.16B | 260.45B | 235.86B | 223.69B | 209.30B |
| Liabilities (USD) | 502.47B | 502.23B | 499.21B | 467.84B | 443.85B | 422.39B | 389.17B | 355.29B | 350.14B | 293.63B | 283.16B | 260.45B | 235.86B | 223.69B | 209.30B |
| Noncurrent Assets (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets (USD) | 1.20T | 1.13T | 1.05T | 923.09B | 937.83B | 854.52B | 797.88B | 688.73B | 685.91B | 540.34B | 515.95B | 474.99B | 417.78B | 383.67B | 365.13B |
| Inventory (USD) | 24.42B | 24.01B | 24.16B | 25.37B | 20.95B | 19.21B | 19.85B | 19.07B | 16.19B | 11.92B | 10.24B | 9.95B | 9.68B | 8.98B | 7.10B |
| Current Assets (USD) | 1.22T | 1.15T | 1.07T | 948.45B | 958.78B | 873.73B | 817.73B | 707.79B | 702.10B | 552.26B | 526.19B | 484.93B | 427.45B | 392.65B | 372.23B |
| Assets (USD) | 1.22T | 1.15T | 1.07T | 948.45B | 958.78B | 873.73B | 817.73B | 707.79B | 702.10B | 552.26B | 526.19B | 484.93B | 427.45B | 392.65B | 372.23B |
Greg Abel, the new CEO of Berkshire Hathaway, demonstrated a more active investment approach by pressuring Kraft Heinz to reverse its planned split. After Abel indicated displeasure and intent to sell Berkshire's 27% stake, Kraft Heinz's new CEO announced the company would focus on internal improvements instead. Abel subsequently decided Berkshire would retain its stake, signaling his willingness to engage actively with major investments and adjust strategy based on changing circumstances.
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Apple, Warren Buffett's largest Berkshire Hathaway holding, may experience significant growth in 2026 despite lagging AI-focused peers. The article highlights two key drivers: Apple's expanding services business built on its 2.5 billion active devices worldwide, and investor rotation toward established tech companies seeking both growth potential and stability. Though Buffett reduced his position in recent quarters, he praised CEO Tim Cook, signaling continued confidence in the company.
As Warren Buffett retired as CEO of Berkshire Hathaway on December 31, 2025, his final quarters showed aggressive portfolio repositioning. He sold approximately half of Berkshire's Bank of America stake (515+ million shares) due to valuation concerns and interest rate sensitivity, while investing $1.2 billion in Chevron stock. Chevron has surged 36% since 2026 began, driven by geopolitical tensions in the Middle East affecting oil supply.
Warren Buffett revealed in a CNBC interview that he has not spoken to Bill Gates in recent months following the release of the Epstein Files. Buffett stated he doesn't want to be positioned as a potential witness and believes the friendship should remain on hold 'until it gets cleared up.' Gates has admitted to associations with Epstein and has been invited to testify before the House Oversight Committee. Buffett praised Gates' philanthropic efforts, including The Giving Pledge and over $43 billion in donations to the Gates Foundation.
In his final quarter as CEO of Berkshire Hathaway, Warren Buffett invested over $1 billion to increase the company's Chevron position to $19.8 billion, betting on oil rather than AI. The timing proved fortuitous as geopolitical events—including Iran's closure of the Strait of Hormuz and Venezuela's political changes—drove crude oil prices higher. Chevron's stock has surged 37% year-to-date to $209 per share, delivering a 58% return on Berkshire's latest investment in less than six months.
Warren Buffett, despite retiring as CEO of Berkshire Hathaway at the end of 2025, remains actively involved in the company's operations, visiting the office daily and providing input on investment decisions. The 95-year-old investor watches markets, calls the Director of Financial Assets before market open, and has helped with a 'tiny purchase,' while being careful not to interfere with new CEO Greg Abel's leadership. Berkshire has purchased $17 billion in U.S. Treasury bills recently and ended 2025 with $370 billion in cash and equivalents.
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