Company profile
SEC EDGAR ↗- Industry
- Fire, Marine & Casualty Insurance
- Listed
- NYSE: BRK-B
- Incorporated
- DE
- Headquarters
- Omaha, NE
- Fiscal year end
- Dec 31
Financials
FY2025- Revenue
- $247.2B
- Net income
- $67.0B
- Total assets
- $1.22T
| Fiscal year | Revenue | Net income | Total assets |
|---|---|---|---|
| FY2025 | $247.2B | $67.0B | $1.22T |
| FY2024 | $249.7B | $89.0B | $1.15T |
| FY2023 | $254.9B | $96.2B | $1.07T |
| FY2022 | $207.8B | −$22.8B | $948.5B |
| FY2021 | $191.3B | $89.9B | $959.4B |
| FY2020 | $166.7B | $42.5B | $873.7B |
Reported fiscal years from SEC filings (10-K) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
Decisions on record
4 verified Decision Cases on Berkshire Hathaway, and the casebook each one belongs to.
| Fork date | Decision type | What Berkshire Hathaway chose | Where it stood | The story | Casebook |
|---|---|---|---|---|---|
| 1967 | The Cross-Subsidy | Buy insurer, invest float | $9.02 billion underwriting gain across all insurance operations in 2024, after ~$1.2 billion in Helene and Milton claims (2024) | Read the story → | The Cross-Subsidy Casebook → |
| 1993 | The Counterfactual | Pay in Berkshire stock | approximately $14.4 billion (2024) | Read the story → | The Counterfactual Casebook → |
| 2009 | Founder Doctrine | Acquire the whole company | Berkshire completed the acquisition, paying $15.9 billion in cash and issuing stock with market value of $10.6 billion to acquire the remainder (2010-02) | Read the story → | Founder Doctrine Casebook → |
| 2025 | Succession Question | Engineer structured succession | Abel became CEO on January 1, 2026; Buffett remained Chairman (2026-01) | Read the story → | Succession Question Casebook → |
Run one of these yourself
The decisions Berkshire Hathaway faced, as kits you can run.
Each pack takes one of these decisions and gives you the framework, a deck for the room, a model that resolves to one number, and the sourced cases behind it. $499, one-time.
Decision ForksThe Verdict WindowHow long does your next chief executive actually get?See the pack →Decision ForksThe Road Not TakenWhat did the decision you did not take actually cost?See the pack →Business ModelThe Cross-SubsidyWhich unit pays for the others, and has anybody ever approved it?See the pack →
The analyses
The Succession Question · People & Control
What Happens to a Company Built Around One Irreplaceable Person? Berkshire After Buffett
For sixty years Berkshire Hathaway was, in effect, Warren Buffett. On January 1, 2026, it stopped being - Greg Abel took over as CEO. The handover is the ultimate test of the hardest question in business: can a company that is one person's masterpiece outlive the person?
8 min
The Counterfactual · Decision Forks
Buffett's Most Expensive Mistake Doesn't Appear on Any Balance Sheet
Everyone quotes the Dexter Shoe disaster, but the loss figure has grown from $3.5B in 2007 to $5.7B in 2014 to roughly $14.4B today — and even that is dwarfed by the misses Buffett can't put a number on at all.
8 min
The Cross-Subsidy · Business Model
Berkshire's Best Investor Is a Pile of Other People's Money It Will One Day Have to Repay
In 1967 Buffett bought an insurer carrying $19.4 million of 'float' — money it held but didn't own. By 2024 that float was about $171 billion. The genius isn't the stock picks. It's getting paid to borrow the capital that buys them.
8 min
The Founder Doctrine · People & Control
Buffett Called BNSF an 'All-In Wager.' He'd Already Been Holding the Cards for Three Years.
The BNSF deal is sold as a bold $34 billion crisis bet on America. But Berkshire started buying the stock in August 2006, and already owned 22.6% before the merger was signed. The wager was real. It just wasn't a leap.
7 min
The Founder Doctrine · People & Control
Berkshire Runs 392,400 Employees From a 27-Person Headquarters — Now Abel Inherits the Math
Buffett gets credit for trusting his managers. But with roughly 27 people at headquarters overseeing about 392,400 employees, decentralization at Berkshire was never a choice of temperament — it was the only arithmetic that worked, and now Greg Abel inherits it.
8 min
Tools to try
- Ansoff move finderFramework: Ansoff Matrix
- Business model canvas builderFramework: Business Model Canvas
- Change readiness checkFramework: Kotter's 8-Step Change Model
- Five Forces scorerFramework: Porter's Five Forces
- SMART goal builderFramework: SMART Goals
- SWOT builderFramework: SWOT Analysis
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