Berkshire Hathaway (BRK-B) Gross Margin (2009 - 2026)
Berkshire Hathaway (BRK-B) reported Gross Margin of 53.68% for Q3 2026, down 3.29 percentage points from 56.96% a year earlier and down 1.19 percentage points from the prior quarter.
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Analysis
Berkshire Hathaway (BRK-B) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Berkshire Hathaway's Gross Margin came in at 55.20%, down 1.74 percentage points year-over-year; for FY2025, it was 56.91%, up 0.97 percentage points from FY2024.
- Gross Margin has a five-year change of -1.93 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 55.94% in FY2024 (+2.39 pp), 53.56% in FY2023 (-5.28 pp), 58.84% in FY2022 (+0.16 pp) and 58.67% in FY2021 (-0.16 pp).
- The Q3 2026 figure ranks as the lowest quarterly Gross Margin since Q4 2023.
- Year over year, Gross Margin has now declined in each of the last five quarters, with an average year-over-year change of +4.59 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2024 (a gain of 39.38 percentage points); the low point was Q4 2023 (a drop of 42.29 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 54.87% (Q2 2026), 56.01% (Q1 2026) and 56.47% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,268.35 Bn | -165.80 Bn | 56.71 Bn | 53.68% |
| 2 | Chubb | 143.74 Bn | 94.67 Bn | 8.67 Bn | 53.53% |
| 3 | Progressive | 136.59 Bn | 112.11 Bn | 8.29 Bn | 35.74% |
| 4 | Marsh & Mclennan Companies | 98.68 Bn | 91.07 Bn | - | - |
| 5 | Travelers Companies | 82.62 Bn | 60.10 Bn | 5.93 Bn | 47.74% |
| 6 | Manulife Financial | 75.03 Bn | -19.34 Bn | - | - |
| 7 | Arthur J. Gallagher | 72.55 Bn | 67.18 Bn | 3.33 Bn | 83.78% |
| 8 | Aon | 71.77 Bn | 51.00 Bn | - | - |
| 9 | Allstate | 66.66 Bn | 23.71 Bn | -9.85 Bn | -10,257.29% |
| 10 | Metlife | 64.78 Bn | -43.18 Bn | 9.05 Bn | 44.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 53.68% |
| Jun 30, 2026 | 54.87% |
| Mar 31, 2026 | 56.01% |
| Dec 31, 2025 | 56.47% |
| Sep 30, 2025 | 56.96% |
| Jun 30, 2025 | 57.18% |
| Mar 31, 2025 | 57.03% |
| Dec 31, 2024 | 56.60% |
| Sep 30, 2024 | 57.44% |
| Jun 30, 2024 | 55.07% |
| Mar 31, 2024 | 54.61% |
| Dec 31, 2023 | 17.22% |
| Sep 30, 2023 | 66.69% |
| Jun 30, 2023 | 66.90% |
| Mar 31, 2023 | 64.49% |
| Dec 31, 2022 | 59.51% |
| Sep 30, 2022 | 59.31% |
| Jun 30, 2022 | 58.49% |
| Mar 31, 2022 | 57.96% |
| Dec 31, 2021 | 58.46% |
API Access
Berkshire Hathaway Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BRK-B&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BRK-B", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BRK-B&period=max&api_key=YOUR_API_KEY");
const data = await res.json();