How Berkshire Hathaway (BRK-B) Makes Money: A Visual Guide
Berkshire Hathaway (BRK-B) generated $371.37B in revenue (TTM through Q4 2025), 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
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.
About this data
- 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 sum the last four quarters. 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.