Feed / BRK-A

Berkshire Hathaway Inc.

BRK-A

Financial Services · 765,268.00 +0.5% today

Partial group confirmationMarket checked 11 Sept, 15:55 GMT-4

Market read

Berkshire Hathaway Inc.'s move is spreading beyond its market group.

BRK-A accounts for 7.3% of the group's measured movement across 9.2 effective names. raw member direction is mixed; 9 of 12 SPY-adjusted paths align to the upside. Capital-flow agreement is 5%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

SPY-adjusted 5m paths
Role in the moveAligned contributor#6 of 12 by movement share
Group movement share7.3%Absolute path energy—not portfolio weight
Relative path+0.24%aligned
Effective breadth9.2 / 12broad
Relative alignment9/12upside path · 2 counter-moving
Capital-flow agreement5%not yet clean
SEQUENCE READ

No material onset for BRK-A could be timestamped inside the aligned 5-minute window.

EVIDENCE COVERAGE

8 of 12 members in Insurance Providers are active. 0 of 7 disclosed connections are confirming.

What would change this read
  • At least 8 of 12 members remain active in the next snapshot.
  • Capital-flow agreement rises above 55%.
  • SIGI remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.

Watch this read

Research brief

The story so far

Financial Services · Insurance - Diversified

BRK-A accounts for 7.3% of the group's measured movement across 9.2 effective names. raw member direction is mixed; 9 of 12 SPY-adjusted paths align to the upside. Capital-flow agreement is 5%, so confirmation is not yet clean. No verified headline preceded the measured group move.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 8 of 12 members remain active in the next snapshot.
  • Capital-flow agreement rises above 55%.
  • SIGI remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements408
Verified relationships8
Evidence supporting the case
  • Foreign exchange has repeated favorable evidence across 4 filings.
  • Material customer WMT most recently reported revenue +6.9% year over year.
Evidence challenging the case
  • Latest annual revenue changed -1.0% year over year.
  • Net margin changed -8.6 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Energy and commodity prices has repeated adverse evidence across 4 filings.
  • Input and raw-material costs has repeated adverse evidence across 4 filings.
  • Macroeconomic conditions has repeated adverse evidence across 4 filings.
  • Pricing and mix has repeated adverse evidence across 4 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

766,000.00
6m+6.4%12m+2.2%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$191.3B+14.7%
2022-12-31$207.8B+8.6%
2023-12-31$254.9B+22.7%
2024-12-31$249.7B-2.0%
2025-12-31$247.2B-1.0%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
Senior note borrowings of BHFC, a wholly-owned financing subsidiary, were approximately $18.2 billion at March 31, 2026, a decrease of $65 million from December 31, 2025, primarily due to foreign currency exchange rate changes.
10-Q · May 4, 2026
Demand and volumemixed · 4 filings
Several of our other retailing businesses continued to experience sluggish customer demand in the first quarter of 2026, attributable to a combination of increased competition and the impacts of higher economic uncertainty and changes in consumer confidence.
10-Q · May 4, 2026
Energy and commodity pricesmixed · 4 filings
The increase was primarily attributable to higher fuel prices, partially offset by lower fuel volumes.
10-Q · May 4, 2026
Foreign exchangemixed · 4 filings
Berkshire’s outstanding debt at March 31, 2026 was $19.9 billion, a decrease of $2.8 billion since December 31, 2025, primarily attributable to repayments of maturing debt of $2.5 billion, as well as reductions due to changes in foreign currency exchange rate…
10-Q · May 4, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

765,268.00+0.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for BRK-A. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for BRK-A. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind BRK-A

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

WMT17.2% of BRK-AcustomerMar 2, 2026

McLane’s major customers during 2025 included Walmart (approximately 17.2% of revenues); 7-Eleven (approximately 13.3% of revenues); and Yum!

OXYOccidental Petroleum CorporationinvesteeMay 4, 2026

On January 2, 2026 , Berkshire completed its acquisition of Occidental Petroleum Corporation’s ( “Occidental”) chemicals business (“ OxyChem”) pursuant to a definitive agreement as of October 1, 2025.

PWFiling-linked namesupplierMar 2, 2026

Nevada Power serves retail electric customers in southern Nevada and Sierra Pacific serves retail electric and natural gas customers in northern Nevada.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

BRK-A is currently a Participant in the organic co-movement group Insurance Providers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.