Financials Berkshire Hathaway Inc.

Equities

Market Closed - Nyse Other stock markets 04:00:10 2025-12-05 pm EST			5-day change	1st Jan Change
755,800.00 ^USD	+0.14%		-1.86%	+11.00%

Dec. 02	Warren Buffett: the latest letter from the best capital allocator in history
Dec. 01	BNSF Railway petitions STB to review Union Pacific/Southern Pacific merger conditions	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	245,510	276,094	302,089	364,482	371,433	382,569	388,991	409,733
Change	-	12.46%	9.42%	20.65%	1.91%	3%	1.68%	5.33%
EBITDA	39,571	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT	28,975	36,321	-	-	-	-	-	-
Change	-	25.35%	-	-	-	-	-	-
Interest Paid	-1,105	-1,086	-1,187	-1,258	-	-	-	-
Earnings before Tax (EBT) ¹	54,967	110,691	-32,439	120,166	108,535	76,832	56,424	57,225
Change	-	101.38%	-129.31%	470.44%	-9.68%	-29.21%	-26.56%	1.42%
Net income ¹	42,521	89,795	-22,819	96,223	88,995	60,830	47,537	48,350
Change	-	111.18%	-125.41%	521.68%	-7.51%	-31.65%	-21.85%	1.71%
Announcement Date	2/27/21	2/26/22	2/25/23	2/24/24	2/22/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	64,381	64,599	69,114	70,583	71,798	70,810	76,180	76,934	78,165	85,393	92,503	93,210	93,376	89,869	93,653	92,995	94,916	89,725	92,515	94,972	99,176	95,608	98,253	100,982	102,319	98,892	101,735	104,739
Change	-	0.34%	6.99%	2.13%	1.72%	-1.38%	7.58%	0.99%	1.6%	9.25%	8.33%	0.76%	0.18%	-3.76%	4.21%	-0.7%	2.07%	-5.47%	3.11%	2.66%	4.43%	-3.6%	2.77%	2.78%	1.32%	-3.35%	2.87%	2.95%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-288	-276	-298	-286	-226	-264	-	-297	-324	-328	-314	-311	-305	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,137	-	23,151	-	-	37,775	14,540	13,953	11,849	13,734	13,492	14,404	12,226	14,313
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-61.51%	-4.04%	-15.08%	15.91%	-1.76%	6.76%	-15.12%	17.07%
Net income ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,348	-	19,694	-	-	30,796	13,061	11,992	10,331	11,955	12,143	12,391	10,671	12,468
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-57.59%	-8.18%	-13.85%	15.72%	1.57%	2.04%	-13.88%	16.84%
Announcement Date	2/27/21	5/1/21	8/7/21	11/6/21	2/26/22	4/30/22	8/6/22	11/5/22	2/25/23	5/6/23	8/5/23	11/4/23	2/24/24	5/4/24	8/3/24	11/2/24	2/22/25	5/3/25	8/2/25	11/1/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-21,395	-32,457	-	-	-	-	-	-
Change	-	-51.7%	-	-	-	-	-	-
Announcement Date	2/27/21	2/26/22	2/25/23	2/24/24	2/22/25	-	-	-

Estimates

Fiscal Period: December	2021	2025	2026	2027
CAPEX ¹	13,276	20,756	20,834	21,859
Change	-	-	0.38%	4.92%
Free Cash Flow (FCF) ¹	-	13,589	11,899	17,304
Change	-	-	-12.44%	45.42%
Announcement Date	2/26/22	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	16.12%	-	-	-	-	-	-	-
EBIT Margin (%)	11.8%	13.16%	-	-	-	-	-	-
EBT Margin (%)	22.39%	40.09%	-10.74%	32.97%	29.22%	20.08%	14.51%	13.97%
Net margin (%)	17.32%	32.52%	-7.55%	26.4%	23.96%	15.9%	12.22%	11.8%
FCF margin (%)	-	-	-	-	-	3.55%	3.06%	4.22%
FCF / Net Income (%)	-	-	-	-	-	22.34%	25.03%	35.79%
Profitability
ROA	5.03%	3%	3.23%	3.7%	-	-	-	-
ROE	5.05%	5.78%	6.29%	7.22%	7.84%	9%	6.3%	6.2%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	4.81%	-	-	-	5.43%	5.36%	5.33%
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	152.74%	175.09%	126.32%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	287,031	335,191	321,579	387,384	451,665	493,003	515,535	536,420
Change	-	16.78%	-4.06%	20.46%	16.59%	9.15%	4.57%	4.05%
EPS ¹	26,668	59,460	-15,535	66,412	61,900	42,295	32,940	33,573
Change	-	122.96%	-126.13%	527.5%	-6.79%	-31.67%	-22.12%	1.92%
Nbr of stocks (in thousands)	1,564	1,489	1,465	1,444	1,438	1,439	1,439	1,439
Announcement Date	2/27/21	2/26/22	2/25/23	2/24/24	2/22/25	-	-	-