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Allstate vs Berkshire Hathaway: revenue, profit, margins and growth compared

Allstate brought in $67.7B of revenue in fiscal 2025, Berkshire Hathaway $371.4B in fiscal 2025. Revenue changed by +5.6% at Allstate and +0.0% at Berkshire Hathaway on the year before, so Allstate grew faster. Allstate kept 15.2% of its revenue as net profit, Berkshire Hathaway 18.0%. Free cash flow was $9.9B at Allstate and $25B at Berkshire Hathaway.

Side by side, latest fiscal year

ALLBRK-A
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$67.7B$371.4B
Revenue growth+5.6%+0.0%
Net income$10.3B$67B
Net margin15.2%18.0%
Free cash flow$9.9B$25B
Free cash flow margin14.6%6.7%
Earnings per share (diluted)$38.06n/a
Cash$678M$52.6B
Debt$7.5Bn/a
Price to earnings6.0n/a
Market value$57.6B$714.1B
Dividend yield1.76%n/a
Rank by revenue in sector#10 of 444 · Finance#1 of 444 · Finance

Over the years

Revenue
ALL FY2018: $39.8BALL FY2019: $41.5BALL FY2020: $41.9BALL FY2021: $50.6BALL FY2022: $51.4BALL FY2023: $57.1BALL FY2024: $64.1BALL FY2025: $67.7BBRK-A FY2018: $247.8BBRK-A FY2019: $254.6BBRK-A FY2020: $245.6BBRK-A FY2021: $276.2BBRK-A FY2022: $302BBRK-A FY2023: $364.5BBRK-A FY2024: $371.4BBRK-A FY2025: $371.4BFY18FY19FY20FY21FY22FY23FY24FY25
ALL $67.7BBRK-A $371.4B
Net income
ALL FY2018: $2.2BALL FY2019: $4.8BALL FY2020: $5.6BALL FY2021: $1.6BALL FY2022: -$1.3BALL FY2023: -$188MALL FY2024: $4.7BALL FY2025: $10.3BBRK-A FY2018: $4BBRK-A FY2019: $81.4BBRK-A FY2020: $42.5BBRK-A FY2021: $89.9BBRK-A FY2022: -$22.8BBRK-A FY2023: $96.2BBRK-A FY2024: $89BBRK-A FY2025: $67BFY18FY19FY20FY21FY22FY23FY24FY25
ALL $10.3BBRK-A $67B
Net margin
ALL FY2018: 5.4%ALL FY2019: 11.7%ALL FY2020: 13.3%ALL FY2021: 3.2%ALL FY2022: -2.5%ALL FY2023: -0.3%ALL FY2024: 7.3%ALL FY2025: 15.2%BRK-A FY2018: 1.6%BRK-A FY2019: 32.0%BRK-A FY2020: 17.3%BRK-A FY2021: 32.6%BRK-A FY2022: -7.5%BRK-A FY2023: 26.4%BRK-A FY2024: 24.0%BRK-A FY2025: 18.0%FY18FY19FY20FY21FY22FY23FY24FY25
ALL 15.2%BRK-A 18.0%
Revenue growth
ALL FY2019: +4.3%ALL FY2020: +0.9%ALL FY2021: +20.7%ALL FY2022: +1.6%ALL FY2023: +11.1%ALL FY2024: +12.3%ALL FY2025: +5.6%BRK-A FY2019: +2.7%BRK-A FY2020: -3.5%BRK-A FY2021: +12.5%BRK-A FY2022: +9.4%BRK-A FY2023: +20.7%BRK-A FY2024: +1.9%BRK-A FY2025: +0.0%FY19FY20FY21FY22FY23FY24FY25
ALL +5.6%BRK-A +0.0%
Free cash flow
ALL FY2018: $4.9BALL FY2019: $4.7BALL FY2020: $5.2BALL FY2021: $4.8BALL FY2022: $4.7BALL FY2023: $4BALL FY2024: $8.7BALL FY2025: $9.9BBRK-A FY2018: $22.9BBRK-A FY2019: $22.7BBRK-A FY2020: $26.8BBRK-A FY2021: $26.2BBRK-A FY2022: $21.9BBRK-A FY2023: $29.8BBRK-A FY2024: $11.6BBRK-A FY2025: $25BFY18FY19FY20FY21FY22FY23FY24FY25
ALL $9.9BBRK-A $25B

Fiscal years as each company reports them; the two may end in different months.

Questions about Allstate and Berkshire Hathaway

Which is bigger by revenue, Allstate or Berkshire Hathaway?

Berkshire Hathaway is bigger by revenue: $371.4B in fiscal 2025, against $67.7B for Allstate in fiscal 2025.

Which keeps more of its revenue as profit, Allstate or Berkshire Hathaway?

Allstate had a net margin of 15.2% in fiscal 2025; Berkshire Hathaway had 18.0% in fiscal 2025.

Which grew revenue faster, Allstate or Berkshire Hathaway?

In their latest fiscal years revenue changed by +5.6% at Allstate and +0.0% at Berkshire Hathaway.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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