Last 47 quarters of trend data · Financial Services · Insurance - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.24 | — | 14.12 | 8.80 | 21.19 | 62.51 | 12.41 | 9.45 | 7.22 | 17.88 | 5.14 | — | 5.16 | 4.75 | 9.34 | — | — | 35.01 | 4.20 | 14.87 | 5.64 |
| — | — | +13.8% | -6.8% | +193.4% | +249.6% | +141.7% | — | +40.0% | +276.4% | -45.0% | — | — | -86.4% | +122.2% | — | — | +179.0% | +11.2% | +253.5% | +37.4% | |
| P/S Ratio | 2.93 | 2.76 | 2.88 | 2.86 | 2.83 | 3.20 | 2.58 | 2.67 | 2.34 | 2.53 | 2.07 | 2.04 | 2.00 | 1.97 | 2.17 | 1.91 | 1.98 | 2.75 | 2.32 | 2.18 | 2.29 |
| — | -13.8% | +11.7% | +7.1% | +21.1% | +26.8% | +24.6% | +30.8% | +16.8% | +27.9% | -4.8% | +6.8% | +1.4% | -28.3% | -6.4% | -12.4% | -13.8% | +21.2% | +10.3% | +8.4% | +20.7% | |
| P/B Ratio | 1.51 | 1.42 | 1.51 | 1.55 | 1.56 | 1.75 | 1.50 | 1.57 | 1.44 | 1.57 | 1.35 | 1.42 | 1.34 | 1.31 | 1.41 | 1.27 | 1.28 | 1.51 | 1.29 | 1.28 | 1.32 |
| — | -19.0% | +0.4% | -1.3% | +8.5% | +11.3% | +10.9% | +10.4% | +7.3% | +20.3% | -3.9% | +12.2% | +4.8% | -13.5% | +8.8% | -0.9% | -3.1% | +17.3% | +7.8% | +5.8% | +21.8% | |
| P/FCF | 43.41 | 47.39 | 54.33 | 33.08 | 50.16 | 43.38 | — | — | 24.17 | 36.77 | 22.20 | 22.72 | 23.92 | 33.86 | 30.04 | 19.36 | 31.44 | 52.20 | 44.25 | 18.13 | 22.28 |
| — | +9.3% | — | — | +107.5% | +18.0% | — | — | +1.1% | +8.6% | -26.1% | +17.4% | -23.9% | -35.1% | -32.1% | +6.8% | +41.1% | +141.2% | +130.5% | +20.6% | +53.8% | |
| EV / EBITDA | 16.23 | 17.02 | 17.71 | 14.50 | 14.21 | 19.51 | 13.63 | 16.89 | 13.40 | 14.60 | 14.55 | 12.99 | 13.04 | 14.18 | 12.31 | 14.71 | 12.51 | 18.53 | 15.10 | 15.51 | 14.75 |
| — | -12.8% | +29.9% | -14.2% | +6.0% | +33.6% | -6.3% | +30.1% | +2.8% | +3.0% | +18.2% | -11.7% | +4.3% | -23.5% | -18.5% | -5.1% | -15.2% | +33.7% | -0.1% | +7.8% | +15.9% | |
| EV / EBIT | 19.94 | 17.02 | 22.55 | 17.39 | 17.25 | 24.52 | 16.36 | 21.06 | 16.33 | 17.93 | 18.42 | 16.14 | 16.26 | 18.28 | 14.94 | 19.33 | 15.57 | 24.15 | 19.73 | 20.69 | 18.99 |
| — | -30.6% | +37.8% | -17.4% | +5.6% | +36.7% | -11.2% | +30.5% | +0.4% | -1.9% | +23.3% | -16.5% | +4.5% | -24.3% | -24.2% | -6.6% | -18.0% | +34.0% | -6.7% | +7.5% | +11.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.6% | 28.8% | 23.0% | 24.6% | 24.1% | 22.7% | 27.8% | 21.8% | 21.8% | 22.5% | 19.0% | 20.3% | 19.6% | 18.9% | 19.6% | 18.1% | 21.3% | 19.6% | 19.8% | 18.6% | 20.7% |
| — | +26.7% | -17.2% | +12.7% | +10.4% | +1.2% | +46.1% | +7.5% | +11.5% | +19.0% | -2.9% | +12.0% | -8.2% | -3.6% | -0.8% | -2.5% | +3.1% | -6.5% | +4.1% | -4.4% | -0.9% | |
| Operating Margin | 15.9% | 16.1% | 13.8% | 17.5% | 16.8% | 14.2% | 17.3% | 14.0% | 15.7% | 15.4% | 12.6% | 14.2% | 13.6% | 12.4% | 16.5% | 11.3% | 14.6% | 12.6% | 12.3% | 11.3% | 13.5% |
| — | +13.4% | -20.3% | +25.7% | +7.5% | -8.2% | +37.1% | -1.7% | +15.4% | +24.9% | -23.6% | +25.7% | -6.8% | -1.8% | +34.1% | -0.1% | +8.2% | -8.7% | +8.9% | -6.7% | +4.2% | |
| Net Margin | 18.0% | 10.9% | 20.4% | 32.4% | 13.4% | 5.1% | 20.7% | 28.2% | 32.4% | 14.1% | 40.2% | -13.7% | 38.8% | 41.6% | 23.3% | -3.6% | -57.2% | 7.9% | 55.2% | 14.7% | 40.6% |
| — | +111.8% | -1.8% | +14.9% | -58.7% | -63.7% | -48.4% | +306.1% | -16.5% | -66.0% | +73.0% | -276.5% | +167.8% | +427.9% | -57.9% | -124.8% | -240.8% | -56.6% | -0.8% | -69.4% | -12.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.8% | 1.4% | 2.7% | 4.5% | 1.9% | 0.7% | 3.1% | 4.2% | 5.1% | 2.2% | 6.8% | -2.4% | 6.7% | 7.1% | 3.8% | -0.6% | -8.8% | 1.1% | 8.0% | 2.2% | 6.0% |
| — | +99.7% | -11.9% | +6.1% | -63.6% | -68.2% | -54.9% | +280.2% | -23.9% | -68.9% | +76.9% | -292.0% | +176.0% | +557.9% | -51.7% | -127.8% | -247.2% | -58.1% | -3.3% | -70.8% | -11.7% | |
| ROA | 5.6% | 0.8% | 1.6% | 2.6% | 1.1% | 0.4% | 1.7% | 2.3% | 2.8% | 1.2% | 3.6% | -1.2% | 3.5% | 3.6% | 2.0% | -0.3% | -4.6% | 0.6% | 4.2% | 1.1% | 3.1% |
| — | +107.2% | -8.4% | +10.7% | -61.9% | -66.5% | -52.4% | +287.9% | -20.9% | -67.5% | +83.2% | -301.1% | +175.9% | +530.6% | -53.5% | -127.4% | -248.5% | -56.6% | +0.3% | -69.7% | -7.9% | |
| ROIC | 5.7% | 1.4% | 1.2% | 1.7% | 1.6% | 1.3% | 1.7% | 1.4% | 1.6% | 1.6% | 1.4% | 1.6% | 1.5% | 1.3% | 1.7% | 1.2% | 1.4% | 1.2% | 1.2% | 1.1% | 1.3% |
| — | +9.5% | -25.8% | +24.1% | -0.9% | -18.8% | +21.8% | -13.4% | +7.0% | +17.2% | -20.9% | +34.2% | +5.5% | +14.0% | +39.4% | +6.1% | +9.7% | -9.3% | +16.2% | -6.1% | +7.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.20 | 0.19 | 0.21 | 0.19 | 0.21 | 0.22 | 0.22 | 0.20 | 0.21 | 0.23 | 0.23 | 0.23 | 0.24 | 0.27 | 0.25 | 0.25 | 0.23 | 0.23 | 0.24 | 0.24 |
| — | -6.2% | -12.3% | -2.6% | -6.8% | +0.6% | -5.9% | -5.5% | -10.5% | -11.3% | -11.7% | -7.1% | -10.4% | +3.4% | +14.5% | +5.1% | +5.4% | -7.8% | -14.6% | -7.0% | -10.4% | |
| Debt / EBITDA | 1.92 | 8.87 | 8.40 | 7.53 | 6.72 | 8.78 | 7.29 | 8.61 | 6.92 | 7.20 | 8.96 | 7.59 | 8.01 | 9.09 | 8.16 | 10.21 | 8.63 | 10.30 | 10.33 | 10.80 | 9.62 |
| — | +1.0% | +15.3% | -12.6% | -2.9% | +21.9% | -18.7% | +13.4% | -13.6% | -20.7% | +9.8% | -25.7% | -7.2% | -11.8% | -21.0% | -5.5% | -10.4% | +4.1% | -14.0% | +2.4% | -11.0% | |
| Current Ratio | 6.75 | 4.27 | 6.75 | 5.89 | 7.72 | 6.35 | 5.94 | 5.85 | 6.81 | 5.33 | 4.14 | 4.51 | 4.51 | 4.16 | 3.83 | 4.07 | 3.99 | 4.05 | 4.74 | 4.70 | 4.63 |
| — | -32.7% | +13.6% | +0.7% | +13.4% | +19.2% | +43.4% | +29.8% | +51.1% | +28.2% | +8.2% | +10.8% | +13.0% | +2.7% | -19.3% | -13.4% | -13.8% | -14.5% | +10.8% | +0.3% | -8.5% | |
| Quick Ratio | 6.41 | 4.06 | 6.41 | 5.59 | 7.31 | 6.02 | 5.61 | 5.53 | 6.39 | 4.90 | 3.77 | 4.08 | 4.05 | 3.70 | 3.40 | 3.56 | 3.49 | 3.58 | 4.31 | 4.29 | 4.23 |
| — | -32.5% | +14.1% | +1.1% | +14.3% | +22.9% | +48.9% | +35.6% | +57.9% | +32.3% | +10.9% | +14.4% | +15.9% | +3.5% | -21.1% | -16.9% | -17.4% | -17.5% | +10.6% | +0.3% | -8.5% | |
| Interest Coverage | 11.62 | 12.67 | 10.00 | 51.27 | 12.44 | 10.11 | 11.39 | 10.70 | 11.93 | 10.54 | 9.22 | 10.50 | 10.05 | 8.66 | 11.31 | 7.95 | 10.21 | 8.62 | 8.92 | 7.55 | 8.64 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying BRK-B stock.
Berkshire Hathaway Inc.'s current P/E is 16.2x. The average P/E over the last 3 quarters is 14.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Berkshire Hathaway Inc.'s current operating margin is 15.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Berkshire Hathaway Inc.'s business trajectory between earnings reports.