Berkshire Hathaway Inc (BRK-B) - Net Assets
Based on the latest financial reports, Berkshire Hathaway Inc (BRK-B) has net assets worth $700.44 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.23 Trillion) and total liabilities ($525.52 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $700.44 Billion |
| % of Total Assets | 57.13% |
| Annual Growth Rate | 15.15% |
| 5-Year Change | 44.38% |
| 10-Year Change | 151.97% |
| Growth Volatility | 17.0 |
Berkshire Hathaway Inc - Net Assets Trend (1990–2024)
This chart illustrates how Berkshire Hathaway Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Berkshire Hathaway Inc (1990–2024)
The table below shows the annual net assets of Berkshire Hathaway Inc from 1990 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 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 24285.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $696.22 Billion | 107.21% |
| Common Stock | $8.00 Million | 0.00% |
| Other Comprehensive Income | $-3.58 Billion | -0.55% |
| Total Equity | $649.37 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 |
|---|---|
|
JPMorgan Chase & Co
NYSE:JPM
|
$836.71 Billion |
|
Eli Lilly and Company
NYSE:LLY
|
$854.91 Billion |
|
Walmart Inc. Common Stock
NASDAQ:WMT
|
$987.04 Billion |
|
Walmart Inc
SA:WALM34
|
$1.03 Trillion |
|
Exxon Mobil Corp
NYSE:XOM
|
$637.68 Billion |
|
Johnson & Johnson
NYSE:JNJ
|
$574.95 Billion |
|
Visa Inc. Cl A
LSE:0QZ0
|
$528.03 Billion |
|
Visa Inc. Class A
NYSE:V
|
$518.26 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 2023 to 2024, total equity changed from 561,273,000,000 to 649,368,000,000, a change of 88,095,000,000 (15.7%).
- Net income of 88,995,000,000 contributed positively to equity growth.
- Share repurchases of 2,918,000,000 reduced equity.
- Other comprehensive income increased equity by 179,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $89.00 Billion | +13.7% |
| Share Repurchases | $2.92 Billion | -0.45% |
| Other Comprehensive Income | $179.00 Million | +0.03% |
| Other Changes | $1.84 Billion | +0.28% |
| Total Change | $- | 15.70% |
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: 1.61x
- 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 157.69x to 1.61x 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 | $3.08 | $485.20 | x |
| 1991-12-31 | $4.29 | $485.20 | x |
| 1992-12-31 | $5.17 | $485.20 | x |
| 1993-12-31 | $5.90 | $485.20 | x |
| 1994-12-31 | $6.72 | $485.20 | x |
| 1995-12-31 | $9.41 | $485.20 | x |
| 1996-12-31 | $12.96 | $485.20 | x |
| 1997-12-31 | $17.00 | $485.20 | x |
| 1998-12-31 | $30.58 | $485.20 | x |
| 1999-12-31 | $25.34 | $485.20 | x |
| 2000-12-31 | $27.02 | $485.20 | x |
| 2001-12-31 | $25.30 | $485.20 | x |
| 2002-12-31 | $27.84 | $485.20 | x |
| 2003-12-31 | $33.69 | $485.20 | x |
| 2004-12-31 | $37.24 | $485.20 | x |
| 2005-12-31 | $39.61 | $485.20 | x |
| 2006-12-31 | $46.88 | $485.20 | x |
| 2007-12-31 | $52.07 | $485.20 | x |
| 2008-12-31 | $47.03 | $485.20 | x |
| 2009-12-31 | $56.35 | $485.20 | x |
| 2010-12-31 | $64.12 | $485.20 | x |
| 2011-12-31 | $66.61 | $485.20 | x |
| 2012-12-31 | $75.76 | $485.20 | x |
| 2013-12-31 | $90.00 | $485.20 | x |
| 2014-12-31 | $97.42 | $485.20 | x |
| 2015-12-31 | $103.68 | $485.20 | x |
| 2016-12-31 | $114.77 | $485.20 | x |
| 2017-12-31 | $141.19 | $485.20 | x |
| 2018-12-31 | $141.42 | $485.20 | x |
| 2019-12-31 | $173.32 | $485.20 | x |
| 2020-12-31 | $185.29 | $485.20 | x |
| 2021-12-31 | $223.46 | $485.20 | x |
| 2022-12-31 | $214.39 | $485.20 | x |
| 2023-12-31 | $258.26 | $485.20 | x |
| 2024-12-31 | $301.11 | $485.20 | 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): 13.70%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.96%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.78x
- Recent ROE (13.70%) is above the historical average (7.88%), 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 | 4.75% | 21.69% | 0.12x | 1.79x | $-878.97 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% | 9.54% | 0.26x | 2.20x | $-2.84 Billion |
| 2001 | 1.37% | 2.06% | 0.24x | 2.81x | $-5.00 Billion |
| 2002 | 6.69% | 10.15% | 0.25x | 2.65x | $-2.12 Billion |
| 2003 | 10.50% | 12.76% | 0.35x | 2.33x | $391.40 Million |
| 2004 | 8.51% | 9.82% | 0.39x | 2.24x | $-1.28 Billion |
| 2005 | 9.32% | 10.44% | 0.41x | 2.17x | $-620.40 Million |
| 2006 | 10.16% | 11.18% | 0.40x | 2.29x | $173.10 Million |
| 2007 | 10.94% | 11.17% | 0.43x | 2.26x | $1.14 Billion |
| 2008 | 4.57% | 4.63% | 0.40x | 2.45x | $-5.93 Billion |
| 2009 | 6.14% | 7.16% | 0.38x | 2.27x | $-5.06 Billion |
| 2010 | 8.24% | 9.52% | 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% | 1.62% | 0.35x | 2.03x | $-30.85 Billion |
| 2019 | 19.17% | 31.98% | 0.31x | 1.93x | $38.94 Billion |
| 2020 | 9.59% | 17.32% | 0.28x | 1.97x | $-1.80 Billion |
| 2021 | 17.74% | 25.32% | 0.37x | 1.89x | $39.18 Billion |
| 2022 | -4.83% | -7.55% | 0.32x | 2.01x | $-70.06 Billion |
| 2023 | 17.14% | 21.90% | 0.41x | 1.91x | $40.10 Billion |
| 2024 | 13.70% | 23.96% | 0.32x | 1.78x | $24.06 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: $19,628,861,400
- Average return on equity (ROE) among peers: 9.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Berkshire Hathaway Inc (BRK-B) | $700.44 Billion | 7.45% | 0.75x | $666.09 Billion |
| Alm. Brand A/S (ABDBY) | $4.93 Billion | 16.13% | 7.62x | $2.98 Billion |
| Arch Capital Group Ltd (ACGL) | $401.03 Million | 0.51% | 0.45x | $34.17 Billion |
| ageas SA/NV (AGESF) | $13.77 Billion | 8.28% | 7.09x | $10.79 Billion |
| American International Group Inc (AIG) | $-8.26 Billion | 0.00% | 0.00x | $41.70 Billion |
| Aviva plc (AIVAF) | $9.08 Billion | 0.00% | 0.03x | $18.17 Billion |
| Allianz SE (ALIZF) | $77.36 Billion | 10.23% | 12.07x | $143.52 Billion |
| Assicurazioni Generali S.p.A (ARZGF) | $14.58 Billion | 11.43% | 20.29x | $30.45 Billion |
| AXA SA (AXAHF) | $75.27 Billion | 8.25% | 10.56x | $66.04 Billion |
| BB Seguridade Participacoes SA (BBSEY) | $5.02 Billion | 32.48% | 0.22x | $4.26 Billion |
| Bâloise Holding AG (BLHEF) | $4.13 Billion | 10.56% | 14.82x | $8.54 Billion |
About Berkshire Hathaway Inc
Berkshire Hathaway Inc., through 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 geother… Read more