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Berkshire Hathaway vs Progressive: BRK-B and PGR compared
Berkshire Hathaway is the larger company: $101.8B of revenue in its latest quarter (Q2 2026) against $23.2B for Progressive (Q3 2026). Berkshire Hathaway is growing faster (+10% against +3% a year earlier). Berkshire Hathaway is more profitable, with an operating margin of 15.5% against 14.0%.
Where the money goes: BRK-B and PGR
Berkshire Hathaway (BRK-B) · Q2 2026
Berkshire Hathaway, Q2 2026: revenue $101.8B (+10% year over year), operating margin 15.5%, net earnings $25.7B, operating cash flow $11.2B. The chart follows the revenue to costs, profit and cash.
Progressive (PGR) · Q3 2026
Progressive, Q3 2026: revenue $23.2B (+3% year over year), operating margin 14.0%, net earnings $2.5B, operating cash flow $4.5B. The chart follows the revenue to costs, profit and cash.
| Berkshire Hathaway (BRK-B) | Progressive (PGR) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $101.8B | $23.2B |
| Revenue growth, Y/Y | +10% | +3% |
| Operating margin | 15.5% | 14.0% |
| Net earnings | $25.7B | $2.5B |
| Net margin | 25.2% | 11.0% |
| Operating cash flow | $11.2B | $4.5B |
| Free cash flow | $5.6B | $4.4B |
| Market value | $1.23T | $135.8B |
| P/E | 14.2× | 11.7× |
| Analysts’ mean target | $555.67 | $231.71 |
Where the revenue comes from
Berkshire Hathaway
- Insurance Corporate and Other: $27.3B (27%)
- Manufacturing Businesses: $22.5B (22%)
- Pilot Travel Centers LLC: $14.9B (15%)
- Mc Lane Company: $11.9B (12%)
Questions
Which is bigger, Berkshire Hathaway or Progressive?
Berkshire Hathaway is the larger company: $101.8B of revenue in its latest quarter (Q2 2026) against $23.2B for Progressive (Q3 2026).
Is Berkshire Hathaway or Progressive growing faster?
Berkshire Hathaway is growing faster (+10% against +3% a year earlier).
Which is more profitable, Berkshire Hathaway or Progressive?
Berkshire Hathaway is more profitable, with an operating margin of 15.5% against 14.0%.
More: Berkshire Hathaway earnings · how Berkshire Hathaway makes money · Progressive earnings · how Progressive makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.