Berkshire Hathaway Inc. (BRK-B) Stock Price & Analysis
Berkshire Hathaway Inc. (BRK-B) is trading at USD 544.2, down 0.51% today, as of October 23, 2026 at 16:41 UTC (US market open; quotes may be delayed), according to Nexqual market data.
BRK-B last closed at USD 546.97; today's session has ranged USD 543.59–548.31 on volume of 1,690,243 shares. Market capitalization is $1.16T, with a 52-week range of USD 464.01–549.96 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 16:42 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BRK-B.md
Key facts (BRK-B)
- Last four reported quarters (through Jun 30, 2026): revenue $385B, net income $85.8B (22.3% margin), free cash flow $24.2B (SEC filings).
- Valuation: P/E 13.6x.
- 27 of 80 tracked superinvestors hold BRK-B (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 0 new, 9 added, 10 reduced, 8 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $20.0M; 1 not under a Rule 10b5-1 plan ($20.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $501K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (4 analysts), mean target USD 555.67 (range 510–628).
- Total return with dividends: 1Y +11.0% vs S&P 500 +14.6%; 5Y +89.6% vs S&P 500 +77.3%.
- Next earnings: 2026-11-07, EPS estimate USD 6.14, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BRK-B)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $276B | $302B | $364B | $371B | $371B | $385B |
| Net income | $89.9B | -$22.8B | $96.2B | $89.0B | $67.0B | $85.8B |
| Free cash flow | $26.2B | $21.9B | $29.8B | $11.6B | $25.0B | $24.2B |
| Net margin | 32.6% | -7.5% | 26.4% | 24.0% | 18.0% | 22.3% |
| Revenue growth | +12.5% | +9.4% | +20.7% | +1.9% | +0.0% | — |
| Cash + short-term investments | $88.7B | $36.4B | $38.6B | $48.4B | $52.6B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BRK-B)
P/E 13.6x · P/S 3.0x · P/FCF 48.1x · P/B 1.6x · FCF yield 2.08% · Earnings yield 7.36%
Superinvestors (SEC 13F-HR, Q2 2026) (BRK-B)
27 of 80 tracked investors hold BRK-B (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| Guy Spier | Aquamarine Capital | 49.49% | $71.3M | Unchanged | Q2 2026 |
| Norbert Lou | Punch Card Management | 42.42% | $109M | Unchanged | Q2 2026 |
| Francis Chou | Chou Associates | 30.45% | $66.0M | Unchanged | Q2 2026 |
| Christopher Bloomstran | Semper Augustus | 25.61% | $227M | Added +8.0% | Q2 2026 |
| Duan Yongping | H&H International Investment | 24.18% | $4.62B | Added +0.9% | Q2 2026 |
| Bill Gates | Gates Foundation Trust | 21.35% | $7.35B | Reduced -13.8% | Q2 2026 |
| Thomas Russo | Gardner Russo & Quinn | 18.06% | $1.61B | Reduced -2.8% | Q2 2026 |
| Li Lu | Himalaya Capital Management | 14.98% | $555M | Added +23.5% | Q2 2026 |
| Josh Tarasoff | Greenlea Lane Capital | 12.95% | $47.2M | Unchanged | Q2 2026 |
| Thomas Gayner | Markel Group | 12.19% | $1.60B | Unchanged | Q2 2026 |
| Tweedy Browne | 11.87% | $157M | Added +0.2% | Q2 2026 | |
| Wallace Weitz | Weitz Investment Management | 9.41% | $136M | Reduced -2.6% | Q2 2026 |
| Yacktman Asset Management | 7.19% | $581M | Added +268.8% | Q2 2026 | |
| Francois Rochon | Giverny Capital | 4.41% | $131M | Reduced -34.4% | Q2 2026 |
| Christopher Davis | Davis Advisors | 4.38% | $1.02B | Reduced -1.5% | Q2 2026 |
| Ruane Cunniff | Ruane Cunniff LP | 3.54% | $228M | Reduced -3.1% | Q2 2026 |
| Bruce Berkowitz | Fairholme Capital | 3.50% | $52.2M | Added +74.1% | Q2 2026 |
| Harry Burn | Sound Shore | 3.14% | $102M | Added +2.2% | Q2 2026 |
| Van Den Berg Management I | 2.38% | $11.2M | Reduced -4.3% | Q2 2026 | |
| First Eagle Investment | First Eagle Investment Management | 0.76% | $457M | Added +17.2% | Q2 2026 |
| David Katz | Matrix Asset Advisors | 0.52% | $6.3M | Added +8.6% | Q3 2026 |
| Torray Funds | 0.19% | $1.4M | Unchanged | Q2 2026 | |
| Mairs & Power | Mairs & Power Funds | 0.14% | $15.5M | Reduced -1.4% | Q2 2026 |
| Chuck Akre | Akre Capital Management | 0.08% | $4.1M | Reduced -20.8% | Q2 2026 |
| Prem Watsa | Fairfax Financial Holdings | 0.03% | $749K | Unchanged | Q2 2026 |
| Bill Nygren | Oakmark Funds | 0.02% | $12.6M | Reduced -0.7% | Q2 2026 |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $8.7M | Unchanged | Q2 2026 |
Insider sales (SEC Form 4, open-market, last ~7 months) (BRK-B)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-28 | Jain Ajit | Vice Chairman | 39,700 | $20.0M | 36.9% | No | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (BRK-B)
2 purchases, $501K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-12 | O'Sullivan Michael J. | See Remarks | 488 | $250K | 512.44 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-06 | O'Sullivan Michael J. | See Remarks | 536 | $251K | 467.44 | Too little history (no open-market trades in 2023–2025) |
Analysts (BRK-B)
Consensus Hold (mean 2.50 on a 1–5 scale), 4 analysts; mean target USD 555.67 (low 510, high 628).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | UBS | Target raised | Buy | $604 → $628 |
| 2026-08-10 | UBS | Target raised | Buy | $585 → $604 |
| 2026-07-28 | UBS | Target raised | Buy | $570 → $585 |
Total return (dividends reinvested) (BRK-B)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +11.0% | +89.6% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | +11.0% | +13.7% |
| Volatility (annualized) | 14.7% | 17.4% |
| Max drawdown | -9.4% (Nov 2025→Apr 2026) | -25.6% (Mar 2022→Sep 2022) |
BRK-B revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Insurance Corporate & Other | $27.31B | 26.8% | +0.2% |
| Berkshire Hathaway Insurance Group | $26.18B | 25.7% | -0.3% |
| Manufacturing Businesses | $21.04B | 20.7% | +13.3% |
| Pilot Travel Centers LLC | $14.88B | 14.6% | +47.8% |
| Mc Lane Company | $11.88B | 11.7% | -4.1% |
| Service & Retailing Businesses | $9.31B | 9.1% | +9.6% |
| Burlington Northern Santa Fe Corporation | $6.53B | 6.4% | +14.6% |
| Berkshire Hathaway Energy Company | $6.48B | 6.4% | +4.5% |
| Total revenue | $101.81B | 100% | — |
BRK-B revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Insurance & Other | $88.50B | 86.9% | +10.1% |
| Underwriting | $22.48B | 22.1% | +1.3% |
| — Manufactured Industrial & Commercial Products (part of Underwriting) | $9.77B | 9.6% | +26.9% |
| — Grocery & Convenience Store Distribution (part of Underwriting) | $6.70B | 6.6% | -10.8% |
| — Food & Beverage (part of Underwriting) | $4.90B | 4.8% | +5.1% |
| — Other Retail & Wholesale Distribution (part of Underwriting) | $1.10B | 1.1% | +16.1% |
| Railroad Utilities & Energy | $13.31B | 13.1% | +9.5% |
| — Manufactured Building Products (part of Railroad Utilities & Energy) | $5.25B | 5.2% | +2.6% |
| — Consumer Products (part of Railroad Utilities & Energy) | $4.33B | 4.3% | -0.6% |
| — Investments (part of Railroad Utilities & Energy) | $3.70B | 3.6% | -8.7% |
| Service | $6.53B | 6.4% | +14.6% |
| Electricity & Natural Gas | $5.30B | 5.2% | +5.4% |
| Auto Sales | $2.90B | 2.8% | -0.5% |
| Total revenue | $101.81B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BRK-B suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Boeing (BA) | “PCC has several significant customers, including aerospace original equipment manufacturers ("OEMs") (Boeing and Airbus) and aircraft engine manufacturer suppliers (GE Aerospace, Rolls Royce and Pratt & Whitney).” |
| Supplier | Airbus | “PCC has several significant customers, including aerospace original equipment manufacturers ("OEMs") (Boeing and Airbus) and aircraft engine manufacturer suppliers (GE Aerospace, Rolls Royce and Pratt & Whitney).” |
| Supplier | GE Aerospace (GE) | “PCC has several significant customers, including aerospace original equipment manufacturers ("OEMs") (Boeing and Airbus) and aircraft engine manufacturer suppliers (GE Aerospace, Rolls Royce and Pratt & Whitney).” |
| Customer | General Motors (GM) | “BHA maintains franchise agreements with 26 different vehicle manufacturers, although it derives a significant portion of its revenue from the Toyota/Lexus, General Motors, Ford/Lincoln, Nissan/Infiniti and Honda/Acura brands.” |
| Customer | Walmart (WMT) | “McLane's major customers during 2025 included Walmart (approximately 17.2% of revenues); 7-Eleven (approximately 13.3% of revenues); and Yum! Brands (approximately 13.3% of revenues).” |
| Customer | Toyota (TM) | “BHA maintains franchise agreements with 26 different vehicle manufacturers, although it derives a significant portion of its revenue from the Toyota/Lexus, General Motors, Ford/Lincoln, Nissan/Infiniti and Honda/Acura brands.” |
| Customer | Ford (F) | “BHA maintains franchise agreements with 26 different vehicle manufacturers, although it derives a significant portion of its revenue from the Toyota/Lexus, General Motors, Ford/Lincoln, Nissan/Infiniti and Honda/Acura brands.” |
| Customer | Honda (HMC) | “BHA maintains franchise agreements with 26 different vehicle manufacturers, although it derives a significant portion of its revenue from the Toyota/Lexus, General Motors, Ford/Lincoln, Nissan/Infiniti and Honda/Acura brands.” |
| Competitor | Chevron (CVX) | “Lubrizol Additives' principal competitors are Infineum International Ltd., Chevron Oronite Company and Afton Chemical Corporation.” |
| Competitor | Home Depot (HD) | “Competitors include other premium paint and decorating stores, mass merchandisers, home centers, independent hardware stores, hardware chains and manufacturer-operated direct outlets, such as Sherwin-Williams Company, The Pittsburgh Paints Company, The Home Depot, Inc., Lowe's Companies, Inc and Farrow & Ball.” |
| Competitor | Lowe's (LOW) | “Competitors include other premium paint and decorating stores, mass merchandisers, home centers, independent hardware stores, hardware chains and manufacturer-operated direct outlets, such as Sherwin-Williams Company, The Pittsburgh Paints Company, The Home Depot, Inc., Lowe's Companies, Inc and Farrow & Ball.” |
Quoted from the company's 10-K filed Mar 2, 2026.
Companies that name BRK-B in their SEC reports
| Relationship to BRK-B | Company | Filing | Sentence |
|---|---|---|---|
| supplier | LCI INDUSTRIES (LCII) | 10-K Feb 26, 2026 | “Major customers include Thor Industries, Inc. (symbol: THO), Forest River, Inc. (a Berkshire Hathaway company, symbol: BRKA), and Winnebago Industries (symbol: WGO), as well as other RV OEMs.” |
| partner | HARTFORD INSURANCE GROUP, INC. (HIG) | 10-K Feb 20, 2026 | “The Company has an adverse development cover reinsurance agreement with NICO, a subsidiary of Berkshire Hathaway Inc., to reinsure loss development after 2016 on substantially all of the Company's asbestos and environmental reserves (the "A&E ADC") up to an aggregate limit.” |
| partner | AMERICAN INTERNATIONAL GROUP, INC. (AIG) | 10-K Feb 12, 2026 | “In the first quarter of 2017, we entered into an adverse development reinsurance agreement with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc., under which we transferred to NICO 80 percent of the reserve risk on substantially all of our U.S. Commercial long-tail exposures for accident years 2015 and prior.” |
| partner | DAVITA INC. (DVA) | 10-K Feb 11, 2026 | “See further discussion of our share repurchase activity, authorizations and information on our share repurchase agreement with Berkshire in Note 18 to the consolidated financial statements.” |
BRK-B company outlook (results filed Aug 11, 2026)
- “These statements are not guaranties of future performance and actual results may differ materially from those forecasted. — END — Contact Chuck Chang 402-346-1400”
Quoted word-for-word from the SEC 8-K results press release.
BRK-B analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $6.14 | $5.32 | +15.4% | $0 | 2 |
| Next quarter (ends Dec 2026) | $5.12 | $4.83 | +6.1% | $104.02B | 2 |
| Current fiscal year (ends Dec 2026) | $22.47 | $20.80 | +8.0% | $391.81B | 3 |
| Next fiscal year (ends Dec 2027) | $22.43 | $21.51 | +4.3% | $424.82B | 3 |
Key Statistics (as of October 23, 2026 at 16:42 UTC)
| Price | USD 544.2 |
|---|---|
| Change | ▼ 0.51% (down) |
| Previous Close | USD 546.97 |
| Open | USD 545.37 |
| Day Range | USD 543.59 – 548.31 |
| 52-Week Range | USD 464.01 – 549.96 |
| Volume | 1,690,243 shares |
| Market Cap | $1.16T |
| Exchange | NYQ |
Technical Analysis (BRK-B)
Nexqual's technical model rates BRK-B "BUY" based on 5 bullish and 2 bearish signals across 128 daily candles, as of October 23, 2026 at 16:42 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 76.79 (overbought) |
| vs SMA50 | Above (USD 510.86) |
| MACD | 9.6 (positive) |
Analyst Ratings (BRK-B)
Wall Street analysts rate BRK-B "Hold" based on 4 analysts, with a mean price target of USD 555.67 (range USD 510–628), per Nexqual as of October 23, 2026 at 16:42 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 555.67 |
| High Target | USD 628 |
| Low Target | USD 510 |
| Buy / Hold / Sell | 2 / 2 / 0 |
Earnings (BRK-B)
| Next Earnings Date | 2026-11-07 |
|---|---|
| EPS Estimate | USD 6.14 |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 6.03 vs est 5.13 ▲ beat |
| 2026-03-31 | USD 5.26 vs est 5.05 ▲ beat |
| 2025-12-31 | USD 4.73 vs est 5.17 ▼ miss |
| 2025-09-30 | USD 6.25 vs est 5.73 ▲ beat |
Source: Nexqual, October 23, 2026 at 16:42 UTC.
Financials & Fundamentals (BRK-B)
| Total Revenue | $384.69B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.00% |
| Gross Margin | +30.33% |
| Operating Margin | +32.56% |
| Profit Margin | +22.30% |
| ROE | +12.12% |
| Debt / Equity | 0.17 |
| Current Ratio | 2.89 |
| Total Cash | $365.51B |
| Total Debt | $128.60B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $24.21B (6.3% of revenue) |
Source: Nexqual, October 23, 2026 at 16:42 UTC.
Financial Health Score (BRK-B)
Nexqual rates Berkshire Hathaway Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 16:42 UTC.
| Growth | Mixed — Revenue +0.0% YoY (annual), slow |
|---|---|
| Profitability | Solid — Gross margin 30% (last 12 months) |
| Balance Sheet | Strong — $365.5B cash vs $128.6B debt, net cash position |
| Cash Flow | Solid — FCF $24.2B (last 4 quarters to Jun 2026, SEC), 6% margin |
| Efficiency | Mixed — ROE 12%, ROA 6.0% |
Ownership (BRK-B)
| Insider Ownership | +0.27% |
|---|---|
| Institutional Ownership | +66.97% |
| Shares Outstanding | 1.41B |
| Float | 1.23M |
| Short % of Float | +0.99% |
Source: Nexqual, October 23, 2026 at 16:42 UTC.
Leadership (BRK-B)
Berkshire Hathaway Inc. is led by Gregory Edward Abel, CEO, President & Director, per Nexqual as of October 23, 2026 at 16:42 UTC.
| CEO, President & Director | Gregory Edward Abel |
|---|---|
| Vice Chairman of Insurance Operations & Director | Ajit Jain |
| Senior VP & CFO | Charles C. Chang |
| President of Consumer Products, Service & Retailing | Adam M. Johnson |
| CEO & President of Specialty Insurance | Peter James Eastwood |
Major Backers & Investors (BRK-B)
Notable institutional backers of Berkshire Hathaway Inc. include Morgan Stanley, Fidelity, Gates Foundation Trust, according to Nexqual as of October 23, 2026 at 16:42 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Morgan Stanley | 1.89% |
| Fidelity | 1.69% |
| Gates Foundation Trust | 1.04% |
| JPMorgan | 0.92% |
| SELECT SECTOR SPDR TRUST-State Street Financial Select Sector SPDR ETF | 0.88% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.14% |
| BlackRock | 8.61% |
| State Street | 5.38% |
| Geode Capital | 2.95% |
| Northern Trust | 1.1% |
Source: Nexqual, October 23, 2026 at 16:42 UTC.
From Berkshire Hathaway Inc.'s Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- As vertically integrated utilities, BHE's U.S. utilities collectively own approximately 32,400 net megawatts of generation capacity in operation and under construction.
Partnerships
- A significant portion of the NICO Group's annual reinsurance premium currently derives from a 20% quota-share agreement with Insurance Australia Group Limited ("IAG") that expires on December 31, 2029.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in regulations and regulatory actions can adversely affect our operating results and our ability to allocate capital.
- Regulatory changes may adversely impact our future operating results.
- Climate change and the regulation of greenhouse gas ("GHG") emissions may impact our businesses.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SLF | Sun Life Financial Inc. | USD 79.06 | ▼ 2.17% |
| AIG | American International Group, I | USD 81.73 | ▼ 1.57% |
| HIG | The Hartford Insurance Group, I | USD 137.19 | ▼ 1.62% |
| ACGL | Arch Capital Group Ltd. | USD 101.52 | ▼ 1.14% |
| AEG | Aegon Ltd. New York Registry Sh | USD 8.11 | ▼ 1.28% |
| BNT | Brookfield Wealth Solutions Ltd | USD 37.82 | ▼ 1.16% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:42 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt