←
Loading live data…
$BRK-B$568.67 ▼0.6%
Berkshire Hathaway Inc.
WHAT THEY DO
Berkshire Hathaway is a diversified holding company that owns insurance businesses (GEICO, General Re, Berkshire Hathaway Reinsurance) plus railroads (BNSF), utilities and energy, manufacturing, and retail operations, and also holds a large portfolio of publicly traded stocks. It makes money from insurance underwriting and float, the earnings of its wholly owned subsidiaries, and investment gains on its equity and bond holdings.
💎 CONVERGENCE PLAY — in 2 themes
Insurance FloatDiversified ConglomerateCapital Allocation
PRICE
Loading…
REVENUE MIX
Insurance & Reinsurance35%
Railroad (BNSF)18%
Utilities & Energy15%
Manufacturing20%
Retail & Other12%
COST
COGS70%
SG&A12%
Op Margin33%
FINANCIAL HEALTH
Reported through Jun 30, 2026
Figures are trailing twelve months (TTM) unless marked otherwise.
REVENUE
$384.7B
Growth
10%
QTR YOY
Gross M.
30%
P/E
14.3
EV/EBITDA
0
Net M.
22%
FCF M.
19%
D/E
0.18
LATEST QTR
Op M.
33%
PLUG INTO YOUR DCF
Historical growth
8.6%
Analyst 5y growth
—
Forward P/E
25.3
PEG ratio
10.10
Trailing EPS
$39.80
Forward EPS
$22.40
Multiple expanding
Forward P/E is higher than trailing — the market expects earnings to soften.
CAPEX & R&D — LAST 0 FISCAL YEARS (SEC FILINGS)
Loading…
TAM
SIZE
$1.2T+ by 2030
CAGR
5%
Berkshire competes across insurance, freight rail, regulated utilities, and industrial manufacturing, each a multi-hundred-billion-dollar market. Growth is largely GDP-plus, driven by insurance float expansion, utility rate base investment, and bolt-on acquisitions rather than a single fast-growing end market.
RISK ASSESSMENT
HIGCatastrophe and reserve risk in insurance/reinsurance could produce large underwriting losses and erode float
MEDSuccession and key-man risk around Warren Buffett and the capital allocation track record
LOWRegulatory and rate pressure on BNSF and utilities could cap returns on invested capital
🐂 BULL
A fortress balance sheet, huge cash pile, and disciplined capital allocation give Berkshire optionality to buy back stock or acquire assets at scale, while insurance float provides low-cost leverage. Trading near 13x earnings with 22% net margins leaves room for modest re-rating.
🐻 BEAR
Revenue growth is slow and GDP-like, and a large equity portfolio plus insurance exposure makes results lumpy and sensitive to market drawdowns and catastrophes. At a fair value only ~11% above the current price, the margin of safety is thin.
EARNINGS
EPS · Q3 2026
Beat ✓
REVENUE
Miss
MANAGEMENT TONE
BearishBullish
🔗 IMPACT ON YOUR THESIS
Insurance float funds low-cost, long-duration investments
On Track→On Track
Underwriting remained profitable, supporting float growth
Large cash reserve provides acquisition and buyback optionality
On Track→On Track
Cash pile stayed elevated, keeping buyback/acquisition optionality intact
BNSF and utility capex supports steady but modest growth
Watch→Watch
Rail volumes soft; revenue slightly missed but margins held
AI-powered data, computed by TreasureX · May contain inaccuracies
⚠️
All values, scores, and figures here are computed from your own assumptions and public data, for educational purposes only. This is not investment advice — TreasureX does not recommend buying or selling any security. Results change with your inputs. Please do your own research and use your own judgement before making any investment decision.