Berkshire Hathaway Inc (BRK-A) - Net Assets
Based on the latest financial reports, Berkshire Hathaway Inc (BRK-A) has net assets worth $719.70 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.22 Trillion) and total liabilities ($502.47 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Berkshire Hathaway Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $719.70 Billion |
| % of Total Assets | 58.89% |
| Annual Growth Rate | 15.01% |
| 5-Year Change | 39.77% |
| 10-Year Change | 151.33% |
| Growth Volatility | 16.78 |
Berkshire Hathaway Inc - Net Assets Trend (1990–2025)
This chart illustrates how Berkshire Hathaway Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Berkshire Hathaway Inc for the complete picture of this company's asset base.
Annual Net Assets for Berkshire Hathaway Inc (1990–2025)
The table below shows the annual net assets of Berkshire Hathaway Inc from 1990 to 2025. For live valuation and market cap data, see BRK-A company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $719.70 Billion | +10.44% |
| 2024-12-31 | $651.65 Billion | +14.17% |
| 2023-12-31 | $570.77 Billion | +18.76% |
| 2022-12-31 | $480.62 Billion | -6.66% |
| 2021-12-31 | $514.93 Billion | +14.09% |
| 2020-12-31 | $451.34 Billion | +5.31% |
| 2019-12-31 | $428.56 Billion | +21.58% |
| 2018-12-31 | $352.50 Billion | +0.16% |
| 2017-12-31 | $351.95 Billion | +22.91% |
| 2016-12-31 | $286.36 Billion | +10.72% |
| 2015-12-31 | $258.63 Billion | +6.42% |
| 2014-12-31 | $243.03 Billion | +8.26% |
| 2013-12-31 | $224.49 Billion | +17.17% |
| 2012-12-31 | $191.59 Billion | +13.39% |
| 2011-12-31 | $168.96 Billion | +3.70% |
| 2010-12-31 | $162.93 Billion | +19.99% |
| 2009-12-31 | $135.78 Billion | +19.55% |
| 2008-12-31 | $113.58 Billion | -7.96% |
| 2007-12-31 | $123.40 Billion | +11.49% |
| 2006-12-31 | $110.68 Billion | +19.91% |
| 2005-12-31 | $92.30 Billion | +6.51% |
| 2004-12-31 | $86.66 Billion | +10.62% |
| 2003-12-31 | $78.34 Billion | +19.74% |
| 2002-12-31 | $65.43 Billion | +10.34% |
| 2001-12-31 | $59.30 Billion | -5.86% |
| 2000-12-31 | $62.99 Billion | +6.44% |
| 1999-12-31 | $59.18 Billion | +0.23% |
| 1998-12-31 | $59.05 Billion | +85.03% |
| 1997-12-31 | $31.91 Billion | +34.30% |
| 1996-12-31 | $23.76 Billion | +35.92% |
| 1995-12-31 | $17.48 Billion | +44.78% |
| 1994-12-31 | $12.07 Billion | +13.79% |
| 1993-12-31 | $10.61 Billion | +17.56% |
| 1992-12-31 | $9.03 Billion | +20.39% |
| 1991-12-31 | $7.50 Billion | +39.33% |
| 1990-12-31 | $5.38 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Berkshire Hathaway Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 26630.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $763.19 Billion | 106.38% |
| Common Stock | $8.00 Million | 0.00% |
| Other Comprehensive Income | $-2.45 Billion | -0.34% |
| Total Equity | $717.42 Billion | 100.00% |
Berkshire Hathaway Inc Competitors by Market Cap
The table below lists competitors of Berkshire Hathaway Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AbbVie Inc
NYSE:ABBV
|
$365.30 Billion |
|
Chevron Corp
NYSE:CVX
|
$372.46 Billion |
|
Advanced Micro Devices Inc
NASDAQ:AMD
|
$385.82 Billion |
|
Netflix Inc
NASDAQ:NFLX
|
$390.09 Billion |
|
Caterpillar Inc
NYSE:CAT
|
$362.70 Billion |
|
Bank of America Corp
NYSE:BAC
|
$349.79 Billion |
|
Procter & Gamble Company
NYSE:PG
|
$344.11 Billion |
|
Palantir Technologies Inc.
NASDAQ:PLTR
|
$330.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Berkshire Hathaway Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 649,368,000,000 to 717,419,000,000, a change of 68,051,000,000 (10.5%).
- Net income of 66,968,000,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,136,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $66.97 Billion | +9.33% |
| Other Comprehensive Income | $1.14 Billion | +0.16% |
| Other Changes | $-53.00 Million | -0.01% |
| Total Change | $- | 10.48% |
Book Value vs Market Value Analysis
This analysis compares Berkshire Hathaway Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 230.85x to 1.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | $3076.89 | $710300.00 | x |
| 1991-12-31 | $4294.74 | $710300.00 | x |
| 1992-12-31 | $5172.80 | $710300.00 | x |
| 1993-12-31 | $5901.76 | $710300.00 | x |
| 1994-12-31 | $6721.07 | $710300.00 | x |
| 1995-12-31 | $9674.56 | $710300.00 | x |
| 1996-12-31 | $12957.85 | $710300.00 | x |
| 1997-12-31 | $17007.42 | $710300.00 | x |
| 1998-12-31 | $30581.60 | $710300.00 | x |
| 1999-12-31 | $25338.74 | $710300.00 | x |
| 2000-12-31 | $27019.81 | $710300.00 | x |
| 2001-12-31 | $25296.29 | $710300.00 | x |
| 2002-12-31 | $27842.90 | $710300.00 | x |
| 2003-12-31 | $33691.89 | $710300.00 | x |
| 2004-12-31 | $37241.40 | $710300.00 | x |
| 2005-12-31 | $39609.28 | $710300.00 | x |
| 2006-12-31 | $46879.65 | $710300.00 | x |
| 2007-12-31 | $73135.79 | $710300.00 | x |
| 2008-12-31 | $66190.09 | $710300.00 | x |
| 2009-12-31 | $79416.96 | $710300.00 | x |
| 2010-12-31 | $95297.69 | $710300.00 | x |
| 2011-12-31 | $99860.31 | $710300.00 | x |
| 2012-12-31 | $113643.01 | $710300.00 | x |
| 2013-12-31 | $134973.36 | $710300.00 | x |
| 2014-12-31 | $146185.73 | $710300.00 | x |
| 2015-12-31 | $155501.45 | $710300.00 | x |
| 2016-12-31 | $172108.02 | $710300.00 | x |
| 2017-12-31 | $211749.91 | $710300.00 | x |
| 2018-12-31 | $212503.41 | $710300.00 | x |
| 2019-12-31 | $261416.60 | $710300.00 | x |
| 2020-12-31 | $287030.19 | $710300.00 | x |
| 2021-12-31 | $342618.99 | $710300.00 | x |
| 2022-12-31 | $323593.20 | $710300.00 | x |
| 2023-12-31 | $389370.03 | $710300.00 | x |
| 2024-12-31 | $451577.19 | $710300.00 | x |
| 2025-12-31 | $498900.56 | $710300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Berkshire Hathaway Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.03%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.70x
- Recent ROE (9.33%) is above the historical average (7.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 7.45% | 24.94% | 0.15x | 2.02x | $-134.65 Million |
| 1991 | 5.96% | 22.61% | 0.13x | 1.96x | $-298.09 Million |
| 1992 | 4.58% | 13.45% | 0.18x | 1.90x | $-482.33 Million |
| 1993 | 6.60% | 26.27% | 0.13x | 1.87x | $-354.74 Million |
| 1994 | 4.66% | 15.12% | 0.17x | 1.80x | $-634.49 Million |
| 1995 | 4.62% | 21.69% | 0.12x | 1.74x | $-926.81 Million |
| 1996 | 10.62% | 23.62% | 0.24x | 1.85x | $145.97 Million |
| 1997 | 6.04% | 18.23% | 0.19x | 1.78x | $-1.24 Billion |
| 1998 | 4.93% | 20.78% | 0.11x | 2.13x | $-2.91 Billion |
| 1999 | 2.70% | 6.51% | 0.18x | 2.28x | $-4.22 Billion |
| 2000 | 5.39% | 9.67% | 0.25x | 2.20x | $-2.84 Billion |
| 2001 | 1.37% | 2.06% | 0.24x | 2.81x | $-5.00 Billion |
| 2002 | 6.69% | 10.20% | 0.25x | 2.65x | $-2.12 Billion |
| 2003 | 10.50% | 12.83% | 0.35x | 2.33x | $391.40 Million |
| 2004 | 8.51% | 10.04% | 0.39x | 2.20x | $-1.28 Billion |
| 2005 | 9.32% | 10.34% | 0.42x | 2.17x | $-620.40 Million |
| 2006 | 10.16% | 11.29% | 0.39x | 2.29x | $173.10 Million |
| 2007 | 10.94% | 11.17% | 0.43x | 2.26x | $1.14 Billion |
| 2008 | 4.57% | 4.29% | 0.44x | 2.45x | $-5.93 Billion |
| 2009 | 6.14% | 7.16% | 0.38x | 2.27x | $-5.06 Billion |
| 2010 | 8.24% | 9.40% | 0.37x | 2.37x | $-2.76 Billion |
| 2011 | 6.22% | 7.14% | 0.37x | 2.38x | $-6.23 Billion |
| 2012 | 7.90% | 9.12% | 0.38x | 2.28x | $-3.94 Billion |
| 2013 | 8.78% | 10.69% | 0.38x | 2.19x | $-2.71 Billion |
| 2014 | 8.27% | 10.21% | 0.37x | 2.19x | $-4.14 Billion |
| 2015 | 9.42% | 11.42% | 0.38x | 2.16x | $-1.47 Billion |
| 2016 | 8.51% | 10.77% | 0.36x | 2.19x | $-4.23 Billion |
| 2017 | 12.90% | 18.56% | 0.34x | 2.02x | $10.11 Billion |
| 2018 | 1.15% | 1.78% | 0.32x | 2.03x | $-30.85 Billion |
| 2019 | 19.17% | 31.98% | 0.31x | 1.93x | $38.94 Billion |
| 2020 | 9.59% | 17.31% | 0.28x | 1.97x | $-1.80 Billion |
| 2021 | 17.74% | 32.52% | 0.29x | 1.89x | $39.18 Billion |
| 2022 | -4.67% | -7.30% | 0.32x | 2.01x | $-69.29 Billion |
| 2023 | 17.14% | 25.85% | 0.35x | 1.91x | $40.10 Billion |
| 2024 | 13.70% | 23.62% | 0.33x | 1.78x | $24.06 Billion |
| 2025 | 9.33% | 18.03% | 0.30x | 1.70x | $-4.77 Billion |
Industry Comparison
This section compares Berkshire Hathaway Inc's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $27,659,779,987
- Average return on equity (ROE) among peers: 8.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Berkshire Hathaway Inc (BRK-A) | $719.70 Billion | 7.45% | 0.70x | $363.55 Billion |
| Arch Capital Group Ltd (ACGL) | $1.71 Billion | 16.40% | 2.26x | $33.43 Billion |
| American International Group Inc (AIG) | $34.20 Billion | 18.09% | 6.84x | $42.23 Billion |
| Brookfield Wealth Solutions Ltd. (BNT) | $65.46 Million | 9.17% | 13.16x | $2.71 Billion |
| Berkshire Hathaway Inc (BRK-B) | $191.59 Billion | 7.74% | 1.23x | $649.36 Billion |
| Enstar Group Limited (ESGR) | $97.66 Million | 1.61% | 0.02x | $5.04 Billion |
| FG Financial Group (FGF) | $49.91 Million | 7.30% | 0.49x | $6.32 Million |
| Fidelis Insurance Holdings Limited (FIHL) | $2.02 Billion | 3.38% | 2.49x | $2.06 Billion |
| Hartford Financial Services Group (HIG) | $18.91 Billion | 0.93% | 13.70x | $37.61 Billion |
| International General Insurance Holdings Ltd (IGIC) | $301.16 Million | 8.48% | 2.00x | $1.08 Billion |
About Berkshire Hathaway Inc
Berkshire Hathaway Inc., together with its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses. The company provides property, casualty, life, accident, and health insurance and reinsurance; operates railroad systems in North America; generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and g… Read more