Berkshire Hathaway Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Berkshire Hathaway Inc (BRKA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Berkshire Hathaway Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 384,687M vs 2,137,564M combined for tracked competitors (15.3% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+5.9% annualized vs trailing 12 months), vs holding steady (+1.8%) for its tracked peer group.
- Growth: Berkshire Hathaway Inc generated 10.0% revenue growth year over year in Q2 2026, vs 8.6% for its tracked competitors combined.
- Profitability: Its 25.3% net margin compares with 11.6% for the peer group.
- Peer revenue share: Berkshire Hathaway Inc accounted for 15.8% of combined revenue among its tracked peer group, up from 15.6% a year earlier.
- Peer differentiation: Revenue per employee of $0.99M compares with $0.61M for the peer group (1.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BRKA Sales vs. its Competitors, Q2 2026
Berkshire Hathaway Inc reported revenue growth of 10.04 % year on year in Q2 2026, above its competitors' combined revenue growth of 8.59 %.
With a net margin of 25.31 %, Berkshire Hathaway Inc achieved higher profitability than its competitors (11.58 %).
Berkshire Hathaway Inc generated 15.76 % of the combined sales of its peer group, up from 15.59 % a year earlier.
Berkshire Hathaway Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Berkshire Hathaway Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Berkshire Hathaway Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (13) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Berkshire Hathaway Inc's competitor groups requires a Commercial License.
For context: the Property & Casualty Insurance industry grew revenue 5.6% year over year, combined, vs 10.0% for Berkshire Hathaway Inc. Berkshire Hathaway Inc's share of combined industry revenue moved from 35.66% to 37.17%, a gain of 1.51 percentage points.
Berkshire Hathaway Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Berkshire Hathaway Inc | Yes | Yes | No | Yes |
| Competitors combined (200) | ||||
| High-Confidence Competitors (17) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BRKA Stock Performance relative to its Competitors
BRKA Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Orion Energy Systems Inc | 282.9% | Outperformed |
| 2 | Ampco pittsburgh Corp | 282.9% | Outperformed |
| 3 | Ati Inc | 282.9% | Outperformed |
| 4 | The Manitowoc Company Inc | 282.9% | Outperformed |
| 5 | Vishay Precision Group Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Berkshire Hathaway Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Berkshire Hathaway Inc's Comment on Competition and Industry Peers
The business environment in which BNSF operates is highly competitive. Depending on the specific market, deregulated motor carriers and other railroads, as well as river barges, ships and pipelines in certain markets, may exert pressure on price and service levels. The presence of advanced, high service truck lines with expedited delivery, subsidized infrastructure and minimal empty mileage continues to affect the market for non-bulk, time-sensitive freight. The potential expansion of longer combination vehicles could further encroach upon markets traditionally served by railroads. In order to remain competitive, BNSF and other railroads continue to develop and implement operating efficiencies to improve productivity.
As railroads streamline, rationalize and otherwise enhance their franchises, competition among rail carriers intensifies. BNSF’s primary rail competitor in the Western region of the United States is the Union Pacific Railroad Company. Other Class I railroads and numerous regional railroads and motor carriers also operate in parts of the same territories served by BNSF. Based on weekly reporting by the Association of American Railroads, BNSF’s share of the western United States rail traffic was approximately 49.5 percent.
Lubrizol is an industry leader in many of the markets in which it competes. Its principal lubricant additives competitors are Infineum International Ltd., Chevron Oronite Company and Afton Chemical Corporation. The advanced materials industry is highly fragmented with a variety of competitors in each product line.
FOL’s markets are highly competitive, consisting of many domestic and foreign manufacturers and distributors. Competition is generally based upon price, product style and quality and customer service.
Publicly Traded Peers of Berkshire Hathaway Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Berkshire Hathaway Inc | - | 384,687.00 |
| Costco Wholesale Corp | 410,173.34 | 293,587.00 |
| General Electric Company | 333,197.28 | 50,638.00 |
| Thermo Fisher Scientific Inc | 251,760.60 | 46,336.00 |
| Eaton Corporation Plc | 168,034.20 | 30,025.00 |
| Union Pacific Corp | 162,815.40 | 25,490.00 |
| SUBTOTAL | 5,005,817.91 | 2,922,265.60 |
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Sources: Berkshire Hathaway Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Berkshire Hathaway Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Berkshire Hathaway Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Cavco Industries Inc | Named by the company | 85% |
| Encore Wire Corp | Named by the company | 85% |
| Arch Capital Group Ltd | Named by the company | 85% |
| Oxbridge Re Holdings Limited | Named by the company | 85% |
| W R Berkley Corp | Named by the company | 85% |
| The Middleby Corporation | Named by the company | 85% |
| Sundance Strategies Inc | Named by the company | 85% |
| Hanesbrands Inc | Named by the company | 85% |
| Allstate | Named by the company | 85% |
| Newmarket Corporation | Named by the company | 85% |
| State Farm | Named by the company | 85% |
| Shimmick Corporation | Named by the company | 85% |
| GEICO | Named by the company | 85% |
| Employers Holdings Inc | Named by the company | 85% |
| Bowhead Specialty Holdings Inc | Named by the company | 85% |
| USAA | Named by the company | 85% |
| Berkshire | Named by the company | 85% |
| Progressive | Named by the company | 85% |
| Howmet Aerospace Inc | Named by the company | 85% |
| Renaissancere Holdings Ltd | Named by the company | 85% |
| Remax Holdings Inc | Named by the company | 85% |
| Anywhere Real Estate Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Berkshire Hathaway Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Berkshire Hathaway Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Berkshire Hathaway Inc | Insurance Corporate and Other 26.83 % |
| Costco Wholesale Corp | United States 72.93 % |
| General Electric Company | Commercial Engines and Services, Reportable 72.90 % |
| Thermo Fisher Scientific Inc | Clinical Research 19.98 % |
| Eaton Corporation Plc | Electrical Americas 46.31 % |
| Union Pacific Corp | Reportable 98.85 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Berkshire Hathaway Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Berkshire Hathaway Inc | - | 991,973 | 221,975 |
| Costco Wholesale Corp | 410,173 | 860,959 | 60,381 |
| General Electric Company | 333,197 | 888,386 | 157,579 |
| Thermo Fisher Scientific Inc | 251,761 | 370,688 | 55,912 |
| Eaton Corporation Plc | 168,034 | 308,572 | 39,403 |
| Union Pacific Corp | 162,815 | 870,352 | 250,282 |
| PEERS TOTAL | 5,005,818 | 613,538 | 64,917 |
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Berkshire Hathaway Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Thermo Fisher Scientific Inc | North America 51.27 % |
| Danaher Corporation | North America 39.49 % |
| Parker hannifin Corporation | North America 67.21 % |
| Trane Technologies Plc | Americas 80.46 % |
| 3m Company | Americas 54.09 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Berkshire Hathaway Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Property & Casualty Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (75 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 49.36 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 32.68 % | 13.82 % (avg) | +18.9 pp |
| Capital Intensity (Capex / Revenue) | 5.83 % | 0.95 % (avg) | +4.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Berkshire Hathaway Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 11.88 % | 2.35 % | 2.74 % | 12.01 % | 9.42 % | 20.65 % | 1.91 % | 0.00 % |
| Operating Margin | 24.91 % | 50.72 % | 44.15 % | 32.32 % | 32.89 % | 43.14 % | 31.67 % | 31.20 % |
| Return on Invested Capital | 7.86 % | 14.69 % | 11.74 % | 7.22 % | 8.30 % | 10.80 % | 6.75 % | 6.75 % |
| P/E | 10.8x | 38.8x | 6.7x | - | - | - | 11.2x | 16.0x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Berkshire Hathaway Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 5.83 % vs industry average 0.95 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Berkshire Hathaway Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Berkshire Hathaway Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Berkshire Hathaway Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Berkshire Hathaway Inc falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Berkshire Hathaway Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+5.9% annualized vs trailing 12 months).
Weaknesses
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Berkshire Hathaway Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Berkshire Hathaway Inc | 0.25 | 2.34 | 0.05 |
| Costco Wholesale Corp | 0.41 | 1.05 | 0.18 |
| General Electric Company | - | 0.86 | 1.09 |
| Thermo Fisher Scientific Inc | 0.32 | 1.62 | 0.78 |
| Eaton Corporation Plc | 0.05 | 1.25 | 0.79 |
| Union Pacific Corp | 0.22 | 0.89 | 1.64 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Berkshire Hathaway Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Berkshire Hathaway Inc | Q2 2026 | +10.0 % | +106.9 % |
| Costco Wholesale Corp | Q2 2026 | +11.6 % | +14.4 % |
| General Electric Company | Q2 2026 | +21.1 % | +16.6 % |
| Thermo Fisher Scientific Inc | Q2 2026 | +10.5 % | +7.6 % |
| Eaton Corporation Plc | Q2 2026 | +21.4 % | -16.2 % |
| Union Pacific Corp | Q2 2026 | +12.8 % | +6.2 % |
| PEERS TOTAL | +10.0 % | +37.8 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Berkshire Hathaway Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Berkshire Hathaway Inc | Q2 2026 | - | +16.2 % |
| Costco Wholesale Corp | Q2 2026 | +11.9 % | +24.9 % |
| General Electric Company | Q2 2026 | +540.9 % | +2.4 % |
| Thermo Fisher Scientific Inc | Q2 2026 | +142.5 % | +53.1 % |
| Eaton Corporation Plc | Q2 2026 | +28.1 % | +25.2 % |
| Union Pacific Corp | Q2 2026 | +62.8 % | -6.7 % |
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Berkshire Hathaway Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Berkshire Hathaway Inc | 6.94% | 7.74% | 11.87% |
| Costco Wholesale Corp | 24.96% | 46.27% | 65.85% |
| General Electric Company | 6.98% | 11.25% | 48.50% |
| Thermo Fisher Scientific Inc | 6.36% | 7.71% | 13.37% |
| Eaton Corporation Plc | 7.94% | 10.71% | 19.56% |
| Union Pacific Corp | 10.50% | 11.20% | 38.65% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Berkshire Hathaway Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Berkshire Hathaway Inc | 14.96 | - |
| Costco Wholesale Corp | 46.42 | 1.40 |
| General Electric Company | 37.57 | 6.58 |
| Thermo Fisher Scientific Inc | 36.52 | 5.43 |
| Eaton Corporation Plc | 43.98 | 5.60 |
| Union Pacific Corp | 22.21 | 6.39 |
| PEERS AVERAGE | 14.12 | 1.71 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.