Berkshire Hathaway
RANK
7
Berkshire Hathaway, the conglomerate headed by the nonagenarian investing legend Warren Buffett, had the second-largest profits among Fortune 500 companies, recording $90 billion in net income last year. Its shares rose by leaps and bounds, too, returning 23.2% in 2021 and rebounding from the COVID-related recession better than analysts had expected. Buffett credited the company’s results to factors including its insurance business, its stake in Apple, the performance of its BNSF railroad, and its energy operations. Berkshire’s P&C reinsurance business also grew in 2021, with premiums increasing by more than 6.4%, to $14.15 billion. The conglomerate made headlines after purchasing 14.7 million shares (a $1 billion stake) in controversial video game company Activision Blizzard at the end of 2021; Berkshire subsequently added more to its stake after Microsoft announced its intention to acquire the gamemaker.
Alexi Rosenfeld—Getty Images
Company Information
As of 2/1/2023
Country
U.S.
Headquarters
Omaha
Industry
Insurance: Property and Casualty
CEO
Warren E. Buffett
Website
Company Type
Public
Ticker
BRKA
Revenues ($M)
$295,722
Profits ($M)
$-1,337
Market Value ($M)
$683,741
Employees
372,000
Figures are for the latest twelve months ended Sept. 30, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$276,094
12.5%
Profits ($M)
$89,795
111.2%
Assets ($M)
$958,784
-
Total Stockholder Equity ($M)
$506,199
-
Profit Ratios
Profit as % of Revenues
32.5%
Profits as % of Assets
9.4%
Profits as % of Stockholder Equity
17.7%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
59,460
EPS % Change (from 2020)
123%
EPS % Change (5 year annual rate)
32.3%
EPS % Change (10 year annual rate)
25.3%
Total Return
Total Return to Investors (2021)
29.6%
Total Return to Investors (5 year, annualized)
13%
Total Return to Investors (10 year, annualized)
14.7%
Berkshire Hathaway Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $245,510-3.6% | $42,521-47.8% | $873,729 | $443,164 |
| 2020 | $254,6162.7% | $81,4171924.8% | $817,729 | $424,791 |
| 2019 | $247,8372.4% | $4,021-91.1% | $707,794 | $348,703 |
| 2018 | $242,1378.3% | $44,94086.7% | $702,095 | $348,296 |
| 2017 | $223,6046.1% | $24,074 | $620,854 | $283,001 |
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Latest news for Berkshire Hathaway
- Finance
Buffett just gave another $750 million in Berkshire Hathaway stock to his family charitiesNovember 24, 2022, 9:52 AM UTC - Finance
What really happened with the giant railroad strike that wasn’t—and how Warren Buffett was involvedSeptember 15, 2022, 7:53 PM UTC - Asia
The unconventional timing of Warren Buffett’s BYD stock sale reinforces his famed investment philosophySeptember 10, 2022, 10:30 AM UTC
