Filing Flows › Berkshire Hathaway (BRK-B) › Q4 2024
Berkshire Hathaway (BRK-B) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 24, 2025
Berkshire Hathaway (BRK-B) reported revenue of $94.9B for the fourth quarter 2024 (Q4 2024), +2% from a year earlier and +2% from the quarter before. Operating margin was 17.5%, net earnings $19.7B (20.7% of revenue).
Berkshire Hathaway, Q4 2024: revenue $94.9B (+2% year over year), operating margin 17.5%, net earnings $19.7B, operating cash flow $4.6B. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $94.9B | +2% | +2% |
| Operating profit | $16.6B | +41% | +73% |
| Net earnings | $19.7B | -25% | -48% |
| Operating cash flow | $4.6B | +156% | -68% |
What changed
Revenue was $94.9B in Q4 2024, up 2% year over year and up 2% from the previous quarter. Insurance Corporate and Other was the largest line at 30% of revenue.
Operating profit was $16.6B, a 17.5% margin (up 7.2 points year over year). Of the extra revenue versus a year earlier, 454% reached operating profit, above the 10% margin then. Total costs fell 7% while revenue rose 2%. Net earnings were $19.7B, down 48% year over year. The effective tax rate was 17.8%. Non-operating items added $7.4B, 31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $4.6B (down 68% year over year), 23% of net earnings. Non-cash charges added back $3.3B of depreciation and amortization. Working capital and other items used $18.4B. Capital expenditures of $5.3B exceeded it, leaving free cash flow of −$0.73B.
Questions
What was Berkshire Hathaway's revenue in the fourth quarter 2024?
Berkshire Hathaway (BRK-B) reported revenue of $94.9B for the fourth quarter 2024 (Q4 2024), +2% from a year earlier and +2% from the quarter before.
Was Berkshire Hathaway profitable in the fourth quarter 2024?
Operating profit was $16.6B (17.5% of revenue) and net earnings $19.7B.
Source: Berkshire Hathaway 10-K on SEC EDGAR.