Berkshire Hathaway (BRK-B) Net Margin (2009 - 2026)
Berkshire Hathaway's Net Margin was 20.93% in Q3 2026, down 11.50 percentage points from 32.43% a year earlier and down 4.28 percentage points from the prior quarter.
Powered by 
Analysis
Berkshire Hathaway (BRK-B) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Berkshire Hathaway's Net Margin was 19.50% through Sep 30, 2026, up 1.37 percentage points year-over-year; for FY2025, it was 18.03%, down 5.93 percentage points from FY2024.
- Net Margin shows a five-year change of +0.71 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 23.96% in FY2024 (-2.44 pp), 26.40% in FY2023 (+33.94 pp), -7.54% in FY2022 (-40.10 pp) and 32.56% in FY2021 (+15.25 pp).
- Quarterly Net Margin has moved between -57.24% (Q2 2022) and 55.35% (Q4 2021) over five years.
- Compared with a year earlier, Net Margin was higher in three of the last eight quarters, with an average year-over-year change of -4.71 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q2 2023 (a gain of 96.07 percentage points); the worst was Q2 2022 (a drop of 97.89 percentage points).
- Per Business Quant data, BRK-B's Net Margin in the three quarters before Q3 2026 was 25.21% (Q2 2026), 10.79% (Q1 2026) and 20.37% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,268.35 Bn | -165.80 Bn | 56.71 Bn | 20.93% |
| 2 | Chubb | 143.74 Bn | 94.67 Bn | 8.67 Bn | 17.56% |
| 3 | Progressive | 136.59 Bn | 112.11 Bn | 8.29 Bn | 10.96% |
| 4 | Marsh & Mclennan Companies | 98.68 Bn | 91.07 Bn | - | 11.77% |
| 5 | Travelers Companies | 82.62 Bn | 60.10 Bn | 5.93 Bn | 15.44% |
| 6 | Manulife Financial | 75.03 Bn | -19.34 Bn | - | 11.59% |
| 7 | Arthur J. Gallagher | 72.55 Bn | 67.18 Bn | 3.33 Bn | 10.14% |
| 8 | Aon | 71.77 Bn | 51.00 Bn | - | 11.61% |
| 9 | Allstate | 66.66 Bn | 23.71 Bn | -9.85 Bn | 2,135.42% |
| 10 | Metlife | 64.78 Bn | -43.18 Bn | 9.05 Bn | 11.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.93% |
| Jun 30, 2026 | 25.21% |
| Mar 31, 2026 | 10.79% |
| Dec 31, 2025 | 20.37% |
| Sep 30, 2025 | 32.43% |
| Jun 30, 2025 | 13.37% |
| Mar 31, 2025 | 5.13% |
| Dec 31, 2024 | 20.75% |
| Sep 30, 2024 | 28.23% |
| Jun 30, 2024 | 32.40% |
| Mar 31, 2024 | 14.13% |
| Dec 31, 2023 | 40.24% |
| Sep 30, 2023 | -13.70% |
| Jun 30, 2023 | 38.82% |
| Mar 31, 2023 | 41.58% |
| Dec 31, 2022 | 23.16% |
| Sep 30, 2022 | -3.64% |
| Jun 30, 2022 | -57.24% |
| Mar 31, 2022 | 7.88% |
| Dec 31, 2021 | 55.35% |
API Access
Berkshire Hathaway Net 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=net-margin&ticker=BRK-B&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=BRK-B&period=max&api_key=YOUR_API_KEY");
const data = await res.json();