BRK-B vs ORI vs PGR Stock Comparison

Berkshire Hathaway, Old Republic International and Progressive Prices as of Nov 4, 2026 Peers: Industry group
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BRK-B Berkshire Hathaway Inc
$579.66 +14.9% 1M +18.9% 1Y
Market cap
$836.63M
P/E
0.0x
Revenue (TTM)
$384.69B
Div. yield
–
Property and Casualty Insurance Financial Services
4 wins
PGR Progressive Corp/Oh/
$234.96 +10.5% 1M +12.1% 1Y
Market cap
$139.62B
P/E
12.0x
Revenue (TTM)
$91.74B
Div. yield
0.06%
Property and Casualty Insurance Financial Services
5 wins

Head to Head

12 decided of 12

Progressive leads on 5 of the 12 questions below (Progressive 5, Berkshire Hathaway 4, Old Republic International 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBRK-BORIPGRLeader
Larger companyMarket capitalisation $836.63M $9.84B $139.62B PGR
Cheaper on earningsLower P/E, profitable companies only 0.0x 8.9x 12.0x BRK-B
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 13.1x 13.3x ORI
Faster revenue growthRevenue growth, trailing twelve months +3.9% +12.4% +7.7% ORI
More profitableNet margin, trailing twelve months 22.3% 11.2% 12.7% BRK-B
Better return on capitalReturn on invested capital -10.4% 14.7% 27.7% PGR
Less leveragedLower net debt / EBITDA 2.4x — 0.2x PGR
Higher dividend yieldTrailing dividend yield 0.00% 0.09% 0.06% ORI
Better 1-year returnPrice return, last 12 months +18.9% -0.3% +12.1% BRK-B
Better 5-year returnAnnualised price return, 5 years +15.0%/yr +9.2%/yr +19.7%/yr PGR
Less volatileAnnualised volatility, 1 year 15.1% 23.9% 27.6% BRK-B
Higher overall scoreMean of the five percentile scores vs peers 26/100 57/100 62/100 PGR

Percentile Scorecard

BRK-BORIPGR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBRK-BORIPGR
Valuation 14 #102 of 119 64 #44 of 119 37 #75 of 119
Growth 30 #82 of 116 43 #67 of 116 56 #52 of 116
Profitability 30 #82 of 116 50 #59 of 116 78 #26 of 116
Financial Health 50 #59 of 118 49 #61 of 118 68 #38 of 118
Shareholder Returns 8 #100 of 109 81 #22 of 109 71 #32 of 109
Overall 26 57 62
  • BRK-B ranked among 126 companies in Insurance
  • ORI ranked among 126 companies in Insurance
  • PGR ranked among 126 companies in Insurance

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBRK-BORIPGRSPY
1 month +14.9%+5.7%+10.5% -1.0%
3 months +11.8%-8.2%+10.4% -0.4%
6 months +23.4%+1.9%+19.4% +4.5%
Year to date +15.3%-12.4%+3.2% +12.4%
1 year +18.9%-0.3%+12.1% +13.6%
3 years +64.8%+41.9%+50.4% +76.4%
3 years, per year +18.1%+12.4%+14.6% +20.8%
5 years +101.4%+54.9%+145.2% +63.7%
5 years, per year +15.0%+9.2%+19.7% +10.4%
10 years +305.5%+139.6%+655.3% +267.7%
10 years, per year +15.0%+9.1%+22.4% +13.9%

Risk

MeasureBRK-BORIPGRSPY
Volatility, 1Y 15.1%23.9%27.6% 12.8%
Downside volatility, 1Y 14.2%26.5%30.3% 12.7%
Beta vs S&P 500, 1Y 0.03-0.14-0.47 1.00
Return / volatility, 1Y 1.25-0.010.44 1.06
Max drawdown, 5Y -26.6%-24.1%-34.6% -25.4%
From 52-week high 0.0%-14.3%-0.6% -1.6%
52-week high $579.66$46.62$236.36 $779.14
52-week low $465.40$36.66$190.40 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBRK-BORIPGR
P/E now vs peer median 0.0xmedian 11.1x 8.7xmedian 11.1x 11.7xmedian 11.1x
P/S now vs peer median 3.2xmedian 1.4x 1.0xmedian 1.4x 1.5xmedian 1.4x
EV/EBITDA now vs peer median -10.4xmedian 7.3x —median 7.3x 9.1xmedian 7.3x
P/FCF now vs peer median 51.6xmedian 9.0x 8.4xmedian 9.0x 8.9xmedian 9.0x
P/B now vs peer median 1.7xmedian 1.6x 1.6xmedian 1.6x 3.9xmedian 1.6x
PEG now vs peer median —median 0.64 0.80median 0.64 0.19median 0.64

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBRK-BORIPGR
Revenue $384.69B $9.84B $91.74B
Gross profit $215.64B $6.28B $34.33B
Operating income -$111.18B $1.45B $15.01B
Net income $86.08B $1.11B $11.62B
Free cash flow $24.22B $1.15B $15.22B
EPS (diluted) – $4.47 $19.96
Cash & equivalents $40.61B – $156.00M
Total debt $128.60B $1.75B $8.39B
Shares (diluted) – 246.27M 582.20M
Enterprise value -$1.42T -$114.95M $115.14B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBRK-BORIPGR
P/E 0.0x 8.7x 11.7x
P/FCF 51.6x 8.4x 8.9x
P/Operating cash flow 26.8x 8.4x 8.7x
P/S 3.2x 1.0x 1.5x
P/B 1.7x 1.6x 3.9x
P/Tangible book 1.7x 1.6x 3.9x
EV/EBITDA -10.4x – 9.1x
EV/EBIT -9.1x 6.3x 9.3x
EV/Revenue 2.6x 0.9x 1.5x
EV/FCF 41.8x 7.9x 9.2x
EV/Operating cash flow 21.7x 7.9x 8.9x
PEG (3Y EPS CAGR) – 0.80 0.19

Growth

14 metrics
MetricBRK-BORIPGR
Revenue growth (1Y) 3.9% 12.4% 7.7%
Revenue CAGR (3Y) 4.9% 8.7% 16.1%
Gross profit growth (1Y) 2.1% 13.9% 6.1%
Gross profit CAGR (3Y) 1.0% 6.3% –
Operating income growth (1Y) -4.9% 28.1% 8.8%
Operating income CAGR (3Y) -8.5% 5.6% –
Net income growth (1Y) 35.9% 31.6% 8.5%
Net income CAGR (3Y) -0.5% 6.3% 61.8%
EPS growth (1Y) – 34.8% 9.6%
EPS CAGR (3Y) – 10.8% 63.0%
Operating cash flow growth (1Y) 70.1% -11.3% -9.9%
Operating cash flow CAGR (3Y) 2.6% 9.8% 19.7%
Free cash flow growth (1Y) 194.4% -11.3% -10.7%
Free cash flow CAGR (3Y) -2.5% 9.8% 19.5%

Profitability

14 metrics
MetricBRK-BORIPGR
Gross margin 56.1% 63.8% 37.4%
EBITDA margin -25.3% – 16.7%
Operating margin -28.9% 14.7% 16.4%
Pretax margin 29.2% 13.8% 16.0%
Net margin 22.3% 11.2% 12.7%
FCF margin 6.3% 11.6% 16.6%
Operating cash flow margin 12.1% 11.6% 17.1%
Return on equity 11.6% 18.5% 33.8%
Return on assets 6.8% 3.5% 9.2%
Return on invested capital -10.4% 14.7% 27.7%
Return on capital employed – – –
Asset turnover 0.3x 0.3x 0.7x
Cash conversion (OCF / net income) 0.5x 1.0x 1.3x
Stock comp / revenue – – 0.1%

Financial Health

11 metrics
MetricBRK-BORIPGR
Debt / assets 10.2% 5.6% 6.6%
Debt / equity 0.2x 0.3x 0.2x
Net debt / EBITDA 2.4x – 0.2x
Debt / FCF 5.3x 1.5x 0.6x
Liabilities / assets 40.6% 81.3% 73.0%
Equity / assets 59.4% 18.7% 27.0%
Interest coverage -21.4x 16.6x 47.8x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricBRK-BORIPGR
Dividend yield – 9.4% 5.9%
Net buyback yield 0.4% 3.8% 1.1%
Shareholder yield 0.4% 13.1% 7.1%
Payout ratio (earnings) – 82.9% 70.1%
Payout ratio (FCF) – 80.0% 53.5%
Dividend growth (1Y) – 18.0% 183.8%
Dividend CAGR (3Y) – 49.2% 226.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBRK-BORIPGR
Forward P/E – 13.1xFY2026 13.3xFY2026
EPS, next fiscal year – $3.06FY2026 $17.71FY2026
EPS growth, next FY – -2.9%FY2026 -1.9%FY2026
EPS growth, the year after – +10.8% -11.2%
Revenue, next fiscal year – $10.22BFY2026 $91.77BFY2026
Revenue growth, next FY – +11.8%FY2026 +10.3%FY2026
Revenue growth, the year after – -5.9% -4.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBRK-BORIPGR
Held by institutions 65.8% 77.0% 87.2%
Institutions holding 4,930 656 1,827
Change in shares held, QoQ +1.9% +0.4% +0.5%
Institutions buying 2,239 284 896
Institutions selling 1,991 259 695
Buyers to sellers 1.12 1.10 1.29

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BRK-BORIPGR
BRK-B 1.00 0.36 0.35
ORI 0.36 1.00 0.43
PGR 0.35 0.43 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BRK-B, ORI and PGR?

Progressive (PGR) is the largest by market capitalisation: Berkshire Hathaway (BRK-B) $836.63M, Old Republic International (ORI) $9.84B, Progressive (PGR) $139.62B.

Which stock is cheaper, BRK-B, ORI and PGR?

Berkshire Hathaway (BRK-B) trades on the lowest price-to-earnings ratio (Berkshire Hathaway (BRK-B) 0.0x, Old Republic International (ORI) 8.9x, Progressive (PGR) 12.0x). On next year's consensus earnings, Old Republic International (ORI) is cheapest (Old Republic International (ORI) 13.1x, Progressive (PGR) 13.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Old Republic International (ORI) grew revenue fastest over the trailing twelve months: Berkshire Hathaway (BRK-B) +3.9%, Old Republic International (ORI) +12.4%, Progressive (PGR) +7.7%.

Which company is more profitable?

Berkshire Hathaway (BRK-B) has the highest net margin (Berkshire Hathaway (BRK-B) 22.3%, Old Republic International (ORI) 11.2%, Progressive (PGR) 12.7%). On return on invested capital, Progressive (PGR) leads (Berkshire Hathaway (BRK-B) -10.4%, Old Republic International (ORI) 14.7%, Progressive (PGR) 27.7%).

Which stock has performed better?

Over the past year Berkshire Hathaway (BRK-B) returned the most: Berkshire Hathaway (BRK-B) +18.9%, Old Republic International (ORI) -0.3%, Progressive (PGR) +12.1%. Over five years, Progressive (PGR) compounded fastest (Berkshire Hathaway (BRK-B) +15.0%/yr, Old Republic International (ORI) +9.2%/yr, Progressive (PGR) +19.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Old Republic International (ORI) has the highest dividend yield: Berkshire Hathaway (BRK-B) 0.00%, Old Republic International (ORI) 0.09%, Progressive (PGR) 0.06%. Berkshire Hathaway (BRK-B) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Berkshire Hathaway (BRK-B) has been the steadiest (Berkshire Hathaway (BRK-B) 15.1%, Old Republic International (ORI) 23.9%, Progressive (PGR) 27.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BRK-B, ORI and PGR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Progressive (PGR) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.