How does Berkshire Hathaway (BRK-B) make money?

Berkshire Hathaway (BRK-B) primarily makes money through Berkshire Hathaway Insurance Group, which accounts for 28.3% of total revenue. For TTM through Q4 2025, Berkshire Hathaway generated $371.37B in total revenue with a net profit margin of 18%.

What is Berkshire Hathaway (BRK-B) gross profit margin?

Berkshire Hathaway (BRK-B) reported a gross profit margin of 31.5% for TTM through Q4 2025, equivalent to $116.89B in gross profit. This means Berkshire Hathaway retains 31.5% of each revenue unit after direct costs of production.

What is Berkshire Hathaway (BRK-B) operating profit margin?

Berkshire Hathaway (BRK-B) reported an operating profit margin of 13.3% for TTM through Q4 2025, equivalent to $49.38B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Berkshire Hathaway (BRK-B) net profit margin?

Berkshire Hathaway (BRK-B) reported a net profit margin of 18% for TTM through Q4 2025, equivalent to $66.97B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Berkshire Hathaway (BRK-B) spend on capital expenditures?

Berkshire Hathaway (BRK-B) spent $20.93B on capital expenditures in TTM through Q4 2025 (5.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Berkshire Hathaway (BRK-B) free cash flow?

Berkshire Hathaway (BRK-B) generated $25.04B in free cash flow for TTM through Q4 2025 (6.7% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Berkshire Hathaway (BRK-B) effective tax rate?

Berkshire Hathaway (BRK-B) had an effective tax rate of 18.4% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How Berkshire Hathaway (BRK-B) Makes Money: A Visual Guide

Berkshire Hathaway (BRK-B) generated $371.37B in revenue, earning $66.97B in net profit (18% margin). Its largest revenue source is Berkshire Hathaway Insurance Group (28.3% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Berkshire Hathaway (BRK-B) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported March 2, 2026).

Frequently asked questions

How does Berkshire Hathaway (BRK-B) make money?: Berkshire Hathaway (BRK-B) primarily makes money through Berkshire Hathaway Insurance Group, which accounts for 28.3% of total revenue. For TTM through Q4 2025, Berkshire Hathaway generated $371.37B in total revenue with a net profit margin of 18%.
What is Berkshire Hathaway (BRK-B) gross profit margin?: Berkshire Hathaway (BRK-B) reported a gross profit margin of 31.5% for TTM through Q4 2025, equivalent to $116.89B in gross profit. This means Berkshire Hathaway retains 31.5% of each revenue unit after direct costs of production.
What is Berkshire Hathaway (BRK-B) operating profit margin?: Berkshire Hathaway (BRK-B) reported an operating profit margin of 13.3% for TTM through Q4 2025, equivalent to $49.38B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Berkshire Hathaway (BRK-B) net profit margin?: Berkshire Hathaway (BRK-B) reported a net profit margin of 18% for TTM through Q4 2025, equivalent to $66.97B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Berkshire Hathaway (BRK-B) spend on capital expenditures?: Berkshire Hathaway (BRK-B) spent $20.93B on capital expenditures in TTM through Q4 2025 (5.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Berkshire Hathaway (BRK-B) free cash flow?: Berkshire Hathaway (BRK-B) generated $25.04B in free cash flow for TTM through Q4 2025 (6.7% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Berkshire Hathaway (BRK-B) effective tax rate?: Berkshire Hathaway (BRK-B) had an effective tax rate of 18.4% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.