Berkshire Hathaway Financial Performance from 1995 to 2025

 

Berkshire Hathaway Financial Performance from 1995 to 2025- Under the guidance of Warren Buffett 1960s’, Berkshire Hathaway has transformed into one of world's largest holding companies. Historically, Berkshire Hathaway has a long history and journey in the textile industry that was established by Oliver Chace in 1839. After some mergers with other textiles, they experienced the golden and doom era of the textile industry. Until Warren Buffett takes control of this company and diversifies its business.

Historically, Warren Buffett bought the shares from the former stakeholder, namely Seabury Stanton. In the beginning, Berkshire Hathaway was a textile company, but it does not run well. In 1985, Warren Buffett shut down the core business of Berkshire Hathaway. Although he closed the textile business of Berkshire Hathaway, this company has enormous subsidiaries in multiple industries mostly focusing on insurance industry. Warren Buffett acknowledges that investing in Berkshire Hathaway (textile company) was one of the worst mistakes, but together with Charlie Munger (1924-2023), he uses Berkshire Hathaway to conquer the world and shows his ability in investing skills. Accompanied by Gregory E. Abel as CEO of Berkshire Hathaway since January 2026, and Ajit Jain as Vice Chairman of Berkshire - Insurance Operations, he still runs Berkshire Hathaway as Chairman of the Board with a modest life and simplicity.

 

Warren Buffett and Berkshire Hathaway Performance

 

Warren Edward Buffett, commonly known as Warren Buffett or the oracle of Omaha, is the billionaire that was born in Omaha, on August 30th, 1930. He was a student of Benjamin Graham, the father of value investing, at Columbia University. Benjamin Graham, as we know, is popular with the formula of valuing the stock, and he is the author of some popular investment books, namely “The Intelligent Investor “, “Security Analysis”, and “The Interpretation of The Financial Statements “. Moreover, Warren Buffett also is influenced by Phillip Fisher, the stock investor and the author of Common Stock and Uncommon Profits. Finally, Charlie Munger has influenced greatly in Warren Buffet’s point of view on investing styles. Charlie Munger was instrumental in influencing Warren Buffett’s investment strategy from buying mediocre companies at "cigar-butt" bargain prices to acquiring high-quality businesses with durable competitive advantages (or "economic moats") at fair prices. Basically, Charlie Munger changed Buffett away from Benjamin Graham's investment style of buying low-quality, cheap stocks. He famously advice to forget what you know about buying fair businesses at wonderful prices and changed instead into buying wonderful businesses at fair prices.

Nowadays, the company has diverse subsidiaries from Berkshire Hathaway Direct Insurance Company, Berkshire Hathaway Energy Company, Berkshire Hathaway GUARD Insurance Companies, Berkshire Hathaway Home state Companies, and Berkshire Hathaway Specialty Insurance. Moreover, this company still has some shares in some reputable companies. These companies are Apple Inc, American Express Co, Bank of America Corp, Coca Cola Company, Chevron Corporation, Occidental Petroleum Corporation, Moody's Corporation, Kraft Heinz Co, Chubb Limited, Davita Inc, Kroger Co, Verisign Inc, Sirius Xm Holdings Inc, Visa Inc, Amazon Com Inc and others.

You can also Check: 30 Largest Berkshire Hathaway Portfolio in 2024

 

The Financial Position of Total Assets and Total Liabilities of Berkshire Hathaway from 1995 to 2025

Berkshire Hathaway Financial Position
Years	Total Assets	Total Liabilities
	In the US Dollar (USD)
1995	29.9 billion	12.7 billion
1996	43 billion	20 billion
1997	56.1 billion	24.7 billion
1998	122 billion	64.8 billion
1999	131.4 billion	73.7 billion
2000	135.7 billion	74 billion
2001	162.7 billion	104.8 billion
2002	169.5 billion	105.5 billion
2003	180.5 billion	103 billion
2004	188.8 billion	102.9 billion
2005	198.3 billion	106.9 billion
2006	248.4 billion	140 billion
2007	273.1 billion	152.4 billion
2008	267.3 billion	153.8 billion
2009	297 billion	161 billion
2010	372.2 billion	209.2 billion
2011	392.6 billion	223.6 billion
2012	427.4 billion	235.8 billion
2013	484.9 billion	260.4 billion
2014	526.1 billion	283.1 billion
2015	552.2 billion	293.6 billion
2016	620.8 billion	334.4 billion
2017	702 billion	350.1 billion
2018	707.7 billion	355.2 billion
2019	817.7 billion	389.1 billion
2020	873.7 billion	422.3 billion
2021	948 billion	443 billion
2022	958 billion	467 billion
2023	1,069 billion	499 billion
2024	1,153 billion	502 billion
2025	1,222 billion	502 billion
Source: Berkshire Hathaway Annual Report 1995-2025

 

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From 1995 to 2025, under the guidance of Warren Buffett, Berkshire Hathaway experienced some fluctuation in performance, but it is on the right track. The data was obtained from Berkshire Hathaway’s annual report from 1995 to 2025. We collected the data and analyzed the data from the Balance Sheets and Income statements of Berkshire each year.

Berkshire Hathaway Financial Position			Ratio
Years	Total Assets	Total Liabilities	Total Assets/ Total Liabilities
	In a Billion US. Dollar (USD)
1995	29.9	12.7	2.35
1996	43	20	2.15
1997	56.1	24.7	2.27
1998	122	64.8	1.88
1999	131.4	73.7	1.78
2000	135.7	74	1.83
2001	162.7	104.8	1.55
2002	169.5	105.5	1.61
2003	180.5	103	1.75
2004	188.8	102.9	1.83
2005	198.3	106.9	1.86
2006	248.4	140	1.77
2007	273.1	152.4	1.79
2008	267.3	153.8	1.74
2009	297	161	1.84
2010	372.2	209.2	1.78
2011	392.6	223.6	1.76
2012	427.4	235.8	1.81
2013	484.9	260.4	1.86
2014	526.1	283.1	1.86
2015	552.2	293.6	1.88
2016	620.8	334.4	1.86
2017	702	350.1	2.01
2018	707.7	355.2	1.99
2019	817.7	389.1	2.10
2020	873.7	422.3	2.07
2021	948	443	2.14
2022	958	467	2.05
2023	1,069	499	2.14
2024	1,153	502	2.30
2025	1,222	502	2.43
Source: Berkshire Hathaway Annual Report 1995-2025

 

With the development of Berkshire Hathaway under Warren Buffett leadership, this company has experienced some fluctuation but instilled stable conditions. The ratio of assets/ liabilities is between 1.55 and 2.43. The lowest ratio of assets/liabilities happened in 2001 and the highest ratio in 2025. The total assets of Berkshire Hathaway grew consistently from 1995 to 2025. In 1995, the total assets were just USD 29.9 billion, and it grew into USD 1,222 billion in 2025. It increases by thirty times.

 

The Financial Performance of Revenue and Net Income of Berkshire Hathaway from 1995 to 2025

 

Berkshire Hathaway's Business Performance
Years	Total Revenue	Net Income
	In US Dollar (USD)	In US Dollar (USD)
1995	4.4 billion	611 million
1996	10.5 billion	2.4 billion
1997	10.4 billion	1.9 billion
1998	13.8 billion	2.8 billion
1999	24 billion	1.5 billion
2000	33.9 billion	3.3 billion
2001	37.6 billion	521 million
2002	42.3 billion	4.2 billion
2003	63.8 billion	8.1 billion
2004	74.3 billion	7.3 billion
2005	81.6 billion	8.5 billion
2006	98.5 billion	11 billion
2007	118.2 billion	13.2 billion
2008	107.7 billion	4.9 billion
2009	112.4 billion	8 billion
2010	136.1 billion	12.9 billion
2011	143.6 billion	10.2 billion
2012	162.4 billion	14.8 billion
2013	153.3 billion	19.47 billion
2014	194.6 billion	19.8 billion
2015	210.9 billion	24 billion
2016	223.6 billion	24 billion
2017	239.9 billion	44.9 billion
2018	247.8 billion	4 billion
2019	254.6 billion	81.4 billion
2020	245.5 billion	42.5 billion
2021	276.2 billion	90.8 billion
2022	302 billion	-22 billion
2023	364 billion	97.1 billion
2024	371 billion	89.5 billion
2025	371 billion	67.2 billion
Source: Berkshire Hathaway Annual Report From 1995-2025

 

In the performance aspects of Berkshire Hathaway from 1995 to 2025, Berkshire Hathaway still has been consistent in generating profit / net income without any losses except in 2022. The highest profit / net income of Berkshire Hathaway occurs in 2023, and the lowest net income was in 2001. Along with the total assets, the net income of Berkshire Hathaway increased from 611 million US Dollars in 1995 and 67.2 billion US Dollars in 2025. From 1995 to 2025, Berkshire Hathaway just suffered losses once in the last 20 years, in the year 2022 with a value of around -22 billion USD. 

  

Berkshire Hathaway Performance From 1995 to 2025
Years	Revenue	Net Income	Net Profit Margin
	In a Billion US. Dollar		%
1995	4.4	0.611	14%
1996	10.5	2.4	23%
1997	10.4	1.9	18%
1998	13.8	2.8	20%
1999	24	1.5	6%
2000	33.9	3.3	10%
2001	37.6	0.521	1%
2002	42.3	4.2	10%
2003	63.8	8.1	13%
2004	74.3	7.3	10%
2005	81.6	8.5	10%
2006	98.5	11	11%
2007	118.2	13.2	11%
2008	107.7	4.9	5%
2009	112.4	8	7%
2010	136.1	12.9	9%
2011	143.6	10.2	7%
2012	162.4	14.8	9%
2013	153.3	19.47	13%
2014	194.6	19.8	10%
2015	210.9	24	11%
2016	223.6	24	11%
2017	239.9	44.9	19%
2018	247.8	4	2%
2019	254.6	81.4	32%
2020	245.5	42.5	17%
2021	276	90.8	33%
2022	302	-22	-7%
2023	364	97.1	27%
2024	371	89.5	24%
2025	371	67.2	24%
Source: Berkshire Hathaway Annual Report 1995-2025

 

Based on some financial ratios, Berkshire Hathaway showed a consistent Debt Equity Ratio (DER) and Debt to Assets Ratio (DAR). The average Debt to Equity ratio showed an average of 1.13 from 1995 to 2025. This means that 1 US Dollar of equities is equivalent to 1.13 of liabilities. Meanwhile, in the Debt to Assets ratio, the average of Berkshire Hathaway’s DAR average value is around 0.52. It means that 1 US Dollars of Total Assets is equivalent to 0.52 US Dollars in Liabilities. Basically, the value of DER and DAR can be better and show positive to the company if the value can go down from time to time.

 

 

Years	Debt Equity Ratio (DER)	Debt To Assets Ratio (DAR)
	(Total Liabilities / Total Equities)	(Total Liabilities/ Total Assets)
1995	0.74	0.42
1996	0.87	0.47
1997	0.79	0.44
1998	1.13	0.53
1999	1.28	0.56
2000	1.20	0.55
2001	1.81	0.64
2002	1.65	0.62
2003	1.33	0.57
2004	1.20	0.55
2005	1.17	0.54
2006	1.29	0.56
2007	1.26	0.56
2008	1.36	0.58
2009	1.18	0.54
2010	1.28	0.56
2011	1.32	0.57
2012	1.23	0.55
2013	1.16	0.54
2014	1.17	0.54
2015	1.14	0.53
2016	1.17	0.54
2017	0.99	0.50
2018	1.01	0.50
2019	0.91	0.48
2020	0.94	0.48
2021	0.88	0.47
2022	0.95	0.49
2023	0.88	0.47
2024	0.77	0.41
2025	0.69	0.58
Average	1.13	0.52

With this incredible performance for more than 2 decades except in the year 2022, Berkshire Hathaway has become one of the biggest companies in the world with a billion assets and profits. Berkshire Hathaway’s performance is the reflection of Warren Buffett’s managerial, vision, and skills that manage the company and its subsidiaries.

 

Bibliography of Warren Buffett and Berkshire Hathaway Performance from 1995 to 2025

Berkshire Hathaway. 2026. Annual Report 1995-2025. Accessed via https://www.berkshirehathaway.com/reports.html on February 18th, 2026.

 

 

 

 

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