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Held by 494 of 2,417 reporting institutions (98th percentile) — extremely crowded.
Data as of Q3 2026
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Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-21 | Jain Ajit Vice Chairman | Gift | 19 | — | — |
| 2026-09-28 | Jain Ajit Vice Chairman | Open-market saleindirect | 39,700 | $503.09 | $20.0m |
| 2026-09-03 | Jain Ajit Vice Chairman | Gift | 10 | — | — |
| 2026-08-12 | 2 co-filers See Remarks | Otherindirect | 1 | $765189.94 | — |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| 2026-08-12 | 3 co-filers See Remarks | Open-market buyindirect | 45 | $510.64 | $23k |
| 2026-08-12 | 3 co-filers See Remarks | Open-market buyindirect | 400 | $512.52 | $205k |
| 2026-08-12 | 2 co-filers See Remarks | Otherindirect | 1 | $765184.18 | — |
| 2026-08-12 | 3 co-filers See Remarks | Open-market buyindirect | 43 | $513.61 | $22k |
| 2026-07-14 | 6 co-filers Group filing | Other | 12,000,000 | $0.00 | $0 |
| 2026-07-14 | 6 co-filers Group filing | Gift | 9,000,000 | $0.00 | $0 |
| 2026-07-14 | 6 co-filers Group filing | Gift | 1,000,000 | $0.00 | $0 |
| 2026-07-14 | 6 co-filers Group filing | Gift | 1,000,000 | $0.00 | $0 |
| 2026-07-14 | 6 co-filers Group filing | Gift | 1,000,000 | $0.00 | $0 |
| 2026-07-14 | 6 co-filers Group filing | Other | 8,000 | — | — |
| 2026-07-01 | Jain Ajit Vice Chairman | Gift | 3 | — | — |
| 2026-05-22 | Buffett Warren E Director | Gift | 160 | $0.00 | $0 |
| 2026-05-18 | 4 co-filers Group filing | Other | 37,500 | $0.00 | $0 |
| 2026-05-18 | 4 co-filers Group filing | Gift | 18,646 | $0.00 | $0 |
| 2026-05-18 | 4 co-filers Group filing | Gift | 18,646 | $0.00 | $0 |
| 2026-05-18 | 4 co-filers Group filing | Other | 25 | — | — |
| 2026-05-14 | Guyman Charlotte Director | Gift | 574 | $0.00 | $0 |
| 2026-05-06 | 2 co-filers See Remarks | Open-market buyindirect | 483 | $467.13 | $226k |
| 2026-05-06 | 2 co-filers See Remarks | Open-market buyindirect | 53 | $470.22 | $25k |
| 2026-03-27 | Jain Ajit Vice Chairman | Gift | 22 | — | — |
| 2026-03-17 | Buffett Warren E Chairman and CEO | Gift | 2 | — | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $725210.19 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $725995.00 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $725999.99 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $726079.01 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $726407.57 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $726994.76 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 2 | $727185.00 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $727453.25 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 2 | $727530.26 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $729000.00 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $730145.00 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $730700.00 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $730707.01 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 1 | $731349.99 | — |
| 2026-03-04 | 18 co-filers See Remarks | Otherindirect | 2 | $732000.00 | — |
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
A reverse discounted cash flow is not shown for an insurer.
Funded by policyholder float, not debt. Reserve adequacy and RBC are the right questions and are not collected yet.
Classified from the filings: SIC code.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $25.04B FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Insufficient data. Current ROIC on all capital: 9%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $371.44B 100.0% | $371.43B 100.0% | $364.48B 100.0% | $302.02B 100.0% | $276.19B 100.0% | $245.58B 100.0% | $254.62B 100.0% | $247.84B 100.0% | $239.93B 100.0% | $215.11B 100.0% |
| Total Operating Expenses | $318.47B 85.7% | $315.70B 85.0% | $321.14B 88.1% | $266.48B 88.2% | $243.75B 88.3% | $231.29B 94.2% | $225.70B 88.6% | $219.21B 88.5% | $221.24B 92.2% | $190.86B 88.7% |
| Interest Expense | $5.07B 1.4% | $5.20B 1.4% | $5.00B 1.4% | $4.35B 1.4% | $4.17B 1.5% | $4.08B 1.7% | $3.96B 1.6% | $3.85B 1.6% | $4.39B 1.8% | $3.74B 1.7% |
| Other Income (Expense), net | — | — | — | — | — | $40.75B 16.6% | $72.61B 28.5% | -$22.45B -9.1% | $2.13B 0.9% | $8.30B 3.9% |
| Pretax Income | $82.46B 22.2% | $110.38B 29.7% | $120.17B 33.0% | -$30.50B -10.1% | $111.86B 40.5% | $55.69B 22.7% | $102.70B 40.3% | $4.00B 1.6% | $23.84B 9.9% | $33.67B 15.7% |
| Income Tax Expense | $15.20B 4.1% | $20.82B 5.6% | $23.02B 6.3% | -$8.50B -2.8% | $20.91B 7.6% | $12.44B 5.1% | $20.90B 8.2% | -$321.0M -0.1% | -$21.52B -9.0% | $9.24B 4.3% |
| Net Income | $66.97B 18.0% | $89.00B 24.0% | $96.22B 26.4% | -$22.76B -7.5% | $89.94B 32.6% | $42.52B 17.3% | $81.42B 32.0% | $4.02B 1.6% | $44.94B 18.7% | $24.07B 11.2% |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
No current price collected.
Where each multiple sits in its own 14-yr range
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 9% against ROIC 9% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Income Tax | -0.1 | 8.2 | 5.1 | 7.6 | -2.8 | 6.3 | 5.6 | 4.1 |
| Net Income | 1.6 | 32.0 | 17.3 | 32.6 | -7.5 | 26.4 | 24.0 | 18.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BRK-A: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Leverage ratios is not shown for an insurer.
Funded by policyholder float, not debt. Reserve adequacy and RBC are the right questions and are not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
$0 of principal comes due within a year. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | not reported | 11.2% |
| FY2017 | not reported | not reported | 18.7% |
| FY2018 | not reported | not reported | 1.6% |
| FY2019 | not reported | not reported | 32.0% |
| FY2020 | not reported | not reported | 17.3% |
| FY2021 | not reported | not reported | 32.6% |
| FY2022 | not reported | not reported | -7.5% |
| FY2023 | not reported | not reported | 26.4% |
| FY2024 | not reported | not reported | 24.0% |
| FY2025 | not reported | not reported | 18.0% |
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: market_cap.
Return on equity (9%) and return on invested capital (9%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
Free cash flow has fallen short of reported profit in 3 of the last three years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $66.97B | $66.97B |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | −$21.00B | $45.97B |
| Operating cash flow | $45.97B | $45.97B |
| Capex | −$20.93B | $25.04B |
| Free cash flow | $25.04B | $25.04B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | -3.5% | not reported | not reported |
| FY2021 | 12.5% | not reported | not reported |
| FY2022 | 9.3% | not reported | not reported |
| FY2023 | 20.7% | not reported | not reported |
| FY2024 | 1.9% | not reported | not reported |
| FY2025 | 0.0% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | 5.2 percent |
| FY2020 | 0.3 percent |
| FY2021 | 5.3 percent |
| FY2022 | -6.3 percent |
| FY2023 | 4.4 percent |
| FY2024 | 5.1 percent |
| FY2025 | 1.7 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.
Conversion has deteriorated: 0.27x over three years against 0.35x over 5.
Missing from our data, so excluded from this answer: share_based_compensation.
Leverage is not measurable this way for a insurer.
Ladder as of 2025-12-31 (10-K); cash from the 2025-12-31 balance sheet; FCF from FY2025. No cash figure on the matching balance sheet, so no coverage line is drawn.
Funded by policyholder float, not debt. Reserve adequacy and RBC are the right questions and are not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
No current price or share count, so the market's assumption cannot be solved for.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: market_cap.