Company Overview

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets. In addition, the company manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; flooring products; insulation, roofing, and engineered products; building and engineered components; paints and coatings; and bricks and masonry products, as well as offers manufactured and site-built home construction, and related lending and financial services. Further, it provides recreational vehicles, apparel and footwear products, jewelry, and custom picture framing products, as well as alkaline batteries; castings, forgings, fasteners/fastener systems, aerostructures, and precision components; and cobalt, nickel, and titanium alloys. Additionally, the company distributes televisions and information; franchises and services quick service restaurants; distributes electronic components; and offers logistics services, grocery and foodservice distribution services, and professional aviation training and shared aircraft ownership programs. It also retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and computers; jewelry, watches, crystal, china, stemware, flatware, gifts, and collectibles; kitchenware; and motorcycle clothing and equipment. The company was incorporated in 1998 and is headquartered in Omaha, Nebraska.

  • Name

    Berkshire Hathaway Inc.

  • CEO

    Warren E. Buffett

  • Website

    www.berkshirehathaway.com

  • Sector

    Financial Services

  • Year Founded

    1998

Company Statistics

Profile

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Bulls Say

  • Book value per share, which is a good proxy for measuring changes in Berkshire's intrinsic value, increased at an estimated 18.3% CAGR during 1965-2024, compared with a 10.4% annualized return for the S&P 500 TR index.

  • Berkshire's stock performance has generally been solid, increasing at a 14.9% (11.7%) CAGR during 2020-24 (2015-24), compared with a 14.5% (13.1%) average annual return for the S&P 500 TR index.

  • At the end of June 2025, Berkshire had $174 billion in insurance float. The cost of the firm's float has generally been negative during much of the past two decades.

Bears Say

  • Given its size, Berkshire's biggest hurdle continues to be its ability to consistently find deals that not only add value but are large enough to be meaningful.

  • Another big issue that has faced the firm has been the longevity of Buffett, especially following the death of longtime managing partner Munger in 2023.

  • Berkshire's insurance operations face competitive and highly cyclical markets that occasionally produce large losses, and several of its noninsurance operations are economically sensitive and focused on US markets.

Source: Morningstar Analysis - Dec 08, 2025

What's happening

Nov 12, 2025 - Dec 12, 2025

Leadership Shake-Up Weighs on Berkshire Hathaway's Stock Performance

  • Warren Buffett's resignation as CEO and Todd Combs' departure to JPMorgan raised investor concerns about management continuity.
  • Ongoing executive restructuring contributed to a decline in stock performance, hitting a four-week low in early December.
  • Despite positive investments in Alphabet, negative sentiment surrounding leadership changes overshadowed potential gains.

Over the past month, Berkshire Hathaway Inc (BRK.B) experienced a decline of 1.4%. This underperformance is notable when compared to the S&P 500, which recorded a modest gain of 0.7%, resulting in an underperformance of -2.1% relative to this benchmark. Additionally, BRK.B lagged behind the Financials sector (XLF), which saw a drop of 4.6%.

The bearish sentiment surrounding Berkshire Hathaway was largely driven by significant leadership changes within the company and broader market concerns. On December 9th, news emerged that Warren Buffett would step down as CEO while Todd Combs would leave for JPMorgan Chase & Co., raising alarms among investors regarding management stability and strategic direction.

In early December, BRK.B shares hit a four-week low amid reports detailing ongoing executive restructuring and Buffett's retirement plans. The exit of Combs from GEICO further added to investor unease over operational stability during this critical transition period for the firm.

Although there were some bullish moments earlier in November—such as substantial investments in Alphabet that aligned with broader tech trends—these developments could not offset growing apprehension about leadership transitions and their implications for future profitability at Berkshire Hathaway Inc overall market conditions also played a role; internal challenges related directly to its leadership shake-up combined with external macroeconomic factors negatively influenced stock movement compared to both the S&P 500 and financial sector benchmarks.

Berkshire Hathaway Inc underperformed the Financials (XLF) sector by -4.6%.

NYSE:BRK.A