BRK-BBERKSHIRE HATHAWAY INC
Fire, Marine & Casualty Insurance
- Revenue
- $247.2B
- 1.0% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $511M
- Employees
- 387,800
- $638K revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 0.2
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes69% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo6% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo7% of assetsOver 40% of assets
- Shareholder dissentNo88% lowest supportAny vote under 80% support
Buyer economics 3 of 4
- Low revenue per employeeYes$638K · 24th pctBottom quartile of its SIC industry
- Quiet on AIYes0.2 per 10K words · 12th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$511M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$77M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $191.3B | $207.8B | $254.9B | $249.7B | $247.2B | 1.0% |
| Net income | $89.9B | −$22.8B | $96.2B | $89.0B | $67.0B | 25% |
| Operating cash flow | $39.4B | $37.4B | $49.2B | $30.6B | $46.0B | 50% |
| Capex | $13.3B | $15.5B | $19.4B | $19.0B | $20.9B | 10% |
| Buybacks | $27.1B | $7.9B | $9.2B | $2.9B | — |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Jul 15, 2026 | BUFFETT WARREN E | SCHEDULE 13D/A | 38.2% | Passive |
| Nov 12, 2025 | BUFFETT WARREN E | SCHEDULE 13D/A | 37.7% | Passive |
| Jun 30, 2025 | BUFFETT WARREN E | SCHEDULE 13D/A | 37.0% | Passive |
| Nov 25, 2024 | BUFFETT WARREN E | SC 13D/A | 37.5% | Passive |
| Jun 28, 2024 | BUFFETT WARREN E | SC 13D/A | 37.0% | Passive |
| Nov 27, 2023 | BUFFETT WARREN E | SC 13D/A | 37.9% | Passive |
| Nov 21, 2023 | BUFFETT WARREN E | SC 13D/A | 37.9% | Passive |
| Jun 22, 2023 | BUFFETT WARREN E | SC 13D/A | 37.3% | Passive |
| Nov 23, 2022 | BUFFETT WARREN E | SC 13D/A | 38.3% | Passive |
| Jun 15, 2022 | BUFFETT WARREN E | SC 13D/A | 37.4% | Passive |
Insider trading
- Open-market buys, 12 mo
- $596M · 50
- Open-market sells, 12 mo
- $536M · 14
- Net
- $60M
Pay vs performance
No pay-versus-performance disclosure yet.