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Debt-to-equity at other companies

Progressive logo
ProgressivePGR
0.3×0.0×
Sherwin-Williams logo
Sherwin-WilliamsSHW
3.6×+0.1×
Union Pacific logo
Union PacificUNP
-2.1×
Allstate logo
AllstateALL
0.2×-0.1×
Markel logo
MarkelMKL
0.2×0.0×
The Travelers Companies logo
The Travelers CompaniesTRV
0.3×0.0×

Other financials

Income statement

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Revenue$93.7B+4.4%
Net income$10.1B+120%

Balance sheet

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Total equity$727.18B+11.1%
Total assets$1.25T+7.5%

Cash flow

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Operating cash flow$10.4B-4.3%
CapEx$5.0B+16.5%
Free cash flow$5.5B-17.7%

Valuation

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Market cap$1.06T-10.0%
P/E14.6×+0.1×
P/S2.8×-0.3×

Profitability

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Net margin19.3%-2.5pp

Returns & leverage

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Return on equity10.5%-2.7pp

Where this comes from

Calculated from Berkshire Hathaway’s reported figures.

Based on the most recent quarter.

The official record: Berkshire Hathaway’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Berkshire Hathaway's debt-to-equity?
Berkshire Hathaway (BRK.A) reported debt-to-equity of 0× in Q4 2025.
How has Berkshire Hathaway's debt-to-equity changed year-over-year?
Berkshire Hathaway's debt-to-equity decreased by 4.3% year-over-year, from 0× to 0×.
What is the long-term trend for Berkshire Hathaway's debt-to-equity?
Over 3 years (2021 to 2024), Berkshire Hathaway's debt-to-equity has grown at a 16.0% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.