Berkshire Hathaway Inc. (BRK-A) Key Metrics
BRK-A valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.14T
- Enterprise value
- $1.18T
- P/E (TTM)
- 13.4 10-yr median 11.0
- Forward P/E
- 22.4
- PEG ratio
- 9.68
- Price / sales
- 3.0 10-yr median 2.2
- Price / book
- 1.4 10-yr median 1.4
- EV / EBITDA
- — 10-yr median 12.0
- Dividend yield
- —
- Beta
- 0.59
BRK-A key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBRK-A valuation Price multiples at each fiscal year-end price.
P/E ratio+47.3%
16.2
2025 · hover or tap a bar for each year
20162025
Price / sales+10.8%
2.9
2025 · hover or tap a bar for each year
20162025
Price / book+0.3%
1.5
2025 · hover or tap a bar for each year
20162025
EV / EBITDA+9.6%
11.8
2025 · hover or tap a bar for each year
20162025
Price / free cash flow−48.6%
43.3
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+1.1 pts
2.3%
2025 · hover or tap a bar for each year
20162025
BRK-A returns How much profit the business earns on the capital it uses.
Return on equity−4.8 pts
9.8%
2025 · hover or tap a bar for each year
20162025
Return on invested capital+0.5 pts
10.3%
2025 · hover or tap a bar for each year
20162025
Return on assets−2.4 pts
5.6%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+3.6 pts
6.7%
2025 · hover or tap a bar for each year
20162025
Cash conversion (OCF / net income)+99.7%
0.69
2025 · hover or tap a bar for each year
20162025
Asset turnover−6.4%
0.31
2025 · hover or tap a bar for each year
20162025
BRK-A per-share figures Results divided by the shares outstanding at year-end.
Revenue per share0.0%
$258,305.98
2025 · hover or tap a bar for each year
20162025
Earnings per share−24.8%
$46,570.24
2025 · hover or tap a bar for each year
20162025
Free cash flow per share+115.6%
$17,414.46
2025 · hover or tap a bar for each year
20162025
Book value per share+10.5%
$498,900.56
2025 · hover or tap a bar for each year
20162025
Shares outstanding0.0%
1.4M
2025 · hover or tap a bar for each year
20162025
BRK-A financial health Debt, liquidity and how easily interest is covered.
Debt / equity−3.8%
0.19
2025 · hover or tap a bar for each year
20162025
Net debt−$30.9B
−$234.36B
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA−0.42
−3.24
2025 · hover or tap a bar for each year
20162025
Current ratio+25.4%
6.75
2025 · hover or tap a bar for each year
20162025
Interest coverage+1.6%
11.6
2025 · hover or tap a bar for each year
20162025
Debt / assets+0.3%
0.11
2025 · hover or tap a bar for each year
20162025
BRK-A efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+17 days
57 days
2025 · hover or tap a bar for each year
20162025
Days of inventory0 days
31 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+5 days
69 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+12 days
19 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue+0.5 pts
5.6%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF−25.1 pts
0.0%
2025 · hover or tap a bar for each year
20162025
BRK-A valuation history
Fiscal year-endToday10-year median
BRK-A returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BRK-A debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BRK-A cash returned to shareholders
DividendsBuybacksFree cash flow
BRK-A price vs earnings per share
Share price at year-endEPS (right axis)
BRK-A key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.09T | $979.16B | $782.19B | $684.19B | $665.83B | $537.01B | $551.82B | $502.12B | $489.51B | $401.41B |
| Enterprise value | $851.05B | $775.72B | $742.82B | $678.35B | $633.37B | $515.62B | $527.19B | $487.75B | $476.14B | $428.20B |
| P/E ratio | 16.2 | 11.0 | 8.1 | — | 7.4 | 12.6 | 6.8 | 124.9 | 10.9 | 16.7 |
| Price / sales | 2.9 | 2.6 | 2.1 | 2.3 | 2.4 | 2.2 | 2.2 | 2.2 | 2.0 | 1.8 |
| Price / book | 1.5 | 1.5 | 1.4 | 1.4 | 1.3 | 1.2 | 1.3 | 1.4 | 1.4 | 1.4 |
| Price / free cash flow | 43.3 | 84.3 | 26.3 | 31.4 | 25.5 | 20.1 | 24.3 | 22.0 | 14.4 | 20.5 |
| Price / operating cash flow | 23.6 | 32.0 | 15.9 | 18.4 | 16.9 | 13.5 | 14.3 | 13.4 | 10.7 | 12.3 |
| EV / sales | 2.3 | 2.1 | 2.0 | 2.2 | 2.3 | 2.1 | 2.1 | 2.2 | 2.0 | 1.9 |
| EV / EBITDA | 11.8 | 10.7 | 12.3 | — | — | — | — | 28.1 | 12.5 | 9.4 |
| EV / free cash flow | 34.0 | 66.8 | 24.9 | 31.2 | 24.2 | 19.3 | 23.2 | 21.3 | 14.0 | 21.9 |
| Earnings yield | 6.2% | 9.1% | 12.3% | −3.2% | 13.5% | 7.9% | 14.8% | 0.8% | 9.2% | 6.0% |
| Free cash flow yield | 2.3% | 1.2% | 3.8% | 3.2% | 3.9% | 5.0% | 4.1% | 4.6% | 7.0% | 4.9% |
| Dividend yield | — | — | — | — | 0.3% | 1.5% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.3% | 1.2% | 1.1% | 4.4% | 6.1% | 0.9% | 0.3% | 6.5% | 7.0% |
| Share price at fiscal year-end | $754,800.00 | $680,920.00 | $542,625.03 | $468,710.96 | $450,662.00 | $347,815.00 | $339,590.00 | $306,000.00 | $297,600.01 | $244,121.00 |
| Per share | ||||||||||
| Revenue per share | $258,305.98 | $258,298.33 | $252,850.87 | $206,947.98 | $186,873.24 | $159,057.57 | $156,690.82 | $137,350.24 | $147,209.53 | $135,985.53 |
| Earnings per share | $46,570.24 | $61,888.04 | $66,752.46 | −$15,110.97 | $60,777.43 | $27,540.17 | $50,104.06 | $2,450.44 | $27,321.71 | $14,640.68 |
| Operating cash flow per share | $31,967.32 | $21,273.99 | $34,128.58 | $25,500.54 | $26,681.96 | $25,760.33 | $23,808.00 | $22,791.97 | $27,829.96 | $19,786.27 |
| Free cash flow per share | $17,414.46 | $8,077.89 | $20,664.04 | $14,906.83 | $17,696.15 | $17,332.67 | $13,974.52 | $13,932.96 | $20,711.97 | $11,908.25 |
| Cash per share | $259,604.31 | $232,406.82 | $116,297.03 | $88,087.97 | $99,306.23 | $89,568.21 | $78,769.42 | $68,172.97 | $70,495.35 | $45,525.15 |
| Book value per share | $498,900.56 | $451,577.19 | $395,958.35 | $329,249.71 | $348,528.54 | $292,323.07 | $263,737.89 | $214,817.34 | $213,973.83 | $174,150.20 |
| Tangible book value per share | $416,900.56 | $368,368.57 | $316,906.12 | $255,739.06 | $279,245.86 | $224,693.21 | $193,872.70 | $145,848.48 | $144,398.93 | $105,081.00 |
| Dividends per share | — | — | — | — | $1,438.98 | $5,373.19 | — | — | — | — |
| Capex per share | $14,552.85 | $13,196.11 | $13,464.54 | $10,593.71 | $8,985.81 | $8,427.66 | $9,833.48 | $8,859.01 | $7,117.99 | $7,878.02 |
| Debt per share | $96,630.04 | $90,930.46 | $88,985.01 | $84,086.55 | $77,337.83 | $75,711.01 | $63,612.72 | $59,411.47 | $62,368.76 | $61,815.14 |
| Shares outstanding | 1.4M | 1.4M | 1.4M | 1.5M | 1.5M | 1.5M | 1.6M | 1.6M | 1.6M | 1.6M |
| Change in shares outstanding | 0.0% | −0.2% | −1.2% | −1.2% | −4.3% | −5.0% | −1.0% | −0.2% | +0.0% | +0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.8% | 14.6% | 18.3% | −4.4% | 18.6% | 9.7% | 20.8% | 1.1% | 14.1% | 8.8% |
| Return on invested capital (ROIC) | 10.3% | 9.9% | 7.7% | −4.5% | −14.7% | −21.2% | −16.6% | 2.1% | 3.2% | 8.0% |
| Return on assets (ROA) | 5.6% | 8.0% | 9.5% | −2.3% | 9.8% | 5.0% | 10.7% | 0.6% | 6.8% | 4.1% |
| Return on tangible assets | 6.1% | 8.6% | 10.1% | −2.6% | 10.5% | 5.5% | 11.6% | 0.7% | 7.6% | 4.7% |
| Free cash flow margin | 6.7% | 3.1% | 8.2% | 7.2% | 9.5% | 10.9% | 8.9% | 10.1% | 14.1% | 8.8% |
| Income quality (OCF / net income) | 0.69 | 0.34 | 0.51 | — | 0.44 | 0.94 | 0.48 | 9.30 | 1.02 | 1.35 |
| Financial health | ||||||||||
| Total debt | $138.95B | $130.76B | $128.27B | $122.74B | $114.26B | $116.89B | $103.37B | $97.49B | $102.59B | $101.64B |
| Cash & short-term investments | $373.31B | $334.20B | $167.64B | $128.59B | $146.72B | $138.29B | $128.00B | $111.87B | $115.95B | $74.86B |
| Net debt | −$234.36B | −$203.44B | −$39.37B | −$5.84B | −$32.46B | −$21.39B | −$24.63B | −$14.38B | −$13.37B | $26.79B |
| Debt / equity | 0.19 | 0.20 | 0.22 | 0.26 | 0.22 | 0.26 | 0.24 | 0.28 | 0.29 | 0.35 |
| Debt / assets | 0.11 | 0.11 | 0.12 | 0.13 | 0.12 | 0.13 | 0.13 | 0.14 | 0.15 | 0.16 |
| Net debt / EBITDA | −3.24 | −2.81 | −0.65 | — | — | — | — | −0.83 | −0.35 | 0.59 |
| Current ratio | 6.75 | 5.39 | 25.67 | 3.25 | 4.60 | 4.25 | 4.15 | 3.72 | 3.73 | 3.33 |
| Quick ratio | 6.41 | 5.07 | 22.74 | 2.85 | 4.14 | 3.83 | 3.70 | 3.29 | 3.37 | 2.96 |
| Interest coverage | 11.6 | 11.4 | 9.6 | -6.2 | -19.8 | -27.8 | -19.5 | 2.0 | 3.9 | 9.4 |
| Working capital | $405.75B | $331.80B | $203.59B | $140.93B | $162.85B | $148.40B | $139.84B | $121.91B | $122.19B | $99.76B |
| Invested capital | $483.06B | $445.93B | $531.40B | $474.78B | $482.47B | $429.94B | $403.93B | $338.12B | $338.59B | $313.14B |
| Tangible asset value | $601.79B | $532.00B | $456.82B | $373.31B | $412.57B | $346.92B | $315.04B | $239.33B | $237.51B | $172.79B |
| Net current asset value | −$26.18B | −$94.78B | −$287.37B | −$264.41B | −$235.76B | −$228.37B | −$204.88B | −$188.51B | −$183.13B | −$191.86B |
| Graham number | $723,023.60 | $792,977.05 | $771,169.14 | — | $690,369.48 | $425,604.38 | $545,273.01 | $108,829.86 | $362,681.58 | $239,515.67 |
| Graham net-net per share | −$40,357.79 | −$89,121.70 | −$198,639.95 | −$198,900.11 | −$173,938.87 | −$160,373.01 | −$138,075.41 | −$126,434.48 | −$124,425.02 | −$140,757.56 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $2.13B | $8.30B | — | — | — | — |
| Share buybacks (net) | $0 | $2.92B | $9.17B | $7.85B | $27.06B | $24.71B | $4.85B | $1.35B | $31.58B | $28.05B |
| Dividend payout ratio | — | — | — | — | 2.4% | 19.5% | — | — | — | — |
| Dividends + buybacks / free cash flow | 0.0% | 25.1% | 30.8% | 36.1% | 111.6% | 123.3% | 21.4% | 5.9% | 92.7% | 143.2% |
| Capex / revenue | 5.6% | 5.1% | 5.3% | 5.1% | 4.8% | 5.3% | 6.3% | 6.4% | 4.8% | 5.8% |
| Capex / operating cash flow | 45.5% | 62.0% | 39.5% | 41.5% | 33.7% | 32.7% | 41.3% | 38.9% | 25.6% | 39.8% |
| Capex / depreciation | 1.55 | 1.48 | 1.55 | 1.42 | 1.24 | 1.23 | 1.59 | 1.49 | 1.27 | 1.46 |
| SG&A / revenue | 10.1% | 8.8% | 8.6% | 8.3% | 1.5% | 1.4% | 1.6% | 1.8% | 14.2% | 8.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 56.8 | 40.0 | 46.3 | 53.1 | 49.9 | 53.3 | 50.9 | 51.7 | 42.0 | 41.1 |
| Days of inventory on hand | 31.2 | 30.9 | 30.8 | 68.0 | 64.2 | 70.5 | 66.4 | 60.7 | 43.5 | 40.2 |
| Days payables outstanding | 68.7 | 63.3 | 58.4 | 125.3 | 129.0 | 137.8 | 125.2 | 125.4 | 94.5 | 91.8 |
| Cash conversion cycle (days) | 19.3 | 7.5 | 18.7 | -4.2 | -14.9 | -14.0 | -7.9 | -13.1 | -9.0 | -10.5 |
| Receivables turnover | 6.42 | 9.13 | 7.88 | 6.88 | 7.32 | 6.85 | 7.17 | 7.06 | 8.70 | 8.87 |
| Payables turnover | 5.31 | 5.76 | 6.25 | 2.91 | 2.83 | 2.65 | 2.92 | 2.91 | 3.86 | 3.98 |
| Inventory turnover | 11.71 | 11.83 | 11.85 | 5.37 | 5.68 | 5.18 | 5.50 | 6.02 | 8.39 | 9.07 |
| Asset turnover | 0.31 | 0.33 | 0.36 | 0.32 | 0.30 | 0.29 | 0.33 | 0.32 | 0.37 | 0.38 |
| Average receivables | $57.85B | $40.68B | $46.25B | $43.93B | $37.71B | $35.84B | $35.53B | $31.90B | $27.84B | $25.20B |
| Average payables | $53.38B | $49.42B | $46.99B | $42.67B | $40.34B | $38.17B | $36.72B | $36.45B | $34.64B | $31.54B |
| Average inventory | $24.22B | $24.08B | $24.76B | $23.16B | $20.08B | $19.53B | $19.46B | $17.63B | $15.96B | $13.82B |
| Intangibles / total assets | 9.6% | 10.4% | 10.7% | 11.3% | 10.7% | 12.0% | 13.9% | 16.0% | 16.3% | 18.3% |
Computed from BRK-A's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BRK-A valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Berkshire Hathaway traded at 16.2 times earnings, against a 10-year median of 11.0. Based on the latest twelve months, the trailing P/E is 13.4 and the forward P/E is 22.4. Berkshire Hathaway earned a return on equity of 9.8% and a return on invested capital of 10.3% in fiscal 2025. It ended the year with $139.0 billion of debt and $373.3 billion in cash and short-term investments, a net cash position of $234.4 billion. The share count fell 12.5% from 1.6M to 1.4M over 9 years.
See the BRK-A income statement, the BRK-A chart for price history, or the BRK-A stock overview for the latest quote and news.
BRK-A key metrics FAQ
What is Berkshire Hathaway's P/E ratio?
Berkshire Hathaway's trailing P/E ratio is 13.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.4. At the end of fiscal 2025 it was 16.2, compared with a 10-year median of 11.0.
What is Berkshire Hathaway's EV/EBITDA?
Berkshire Hathaway's enterprise value was 11.8 times EBITDA at the end of fiscal 2025 (enterprise value $851.0 billion, EBITDA $72.4 billion).
What is Berkshire Hathaway's return on equity?
Berkshire Hathaway's return on equity (ROE) was 9.8% in fiscal 2025: net income of $67.0 billion on average shareholders' equity of $683.4 billion.
What is Berkshire Hathaway's ROIC?
Berkshire Hathaway's return on invested capital was 10.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Berkshire Hathaway have?
Berkshire Hathaway had total debt of $139.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.19 and more cash than debt.
What is Berkshire Hathaway's free cash flow yield?
Berkshire Hathaway generated $25.0 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.3% on its market value at year-end ($1.09 trillion).
What is Berkshire Hathaway's current ratio?
Berkshire Hathaway's current ratio was 6.75 at the end of fiscal 2025: current assets were 6.75 times current liabilities.