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Berkshire Hathaway vs Travelers Companies: revenue, profit, margins and growth compared

Berkshire Hathaway brought in $371.4B of revenue in fiscal 2025, Travelers Companies $48.8B in fiscal 2025. Revenue changed by +0.0% at Berkshire Hathaway and +5.2% at Travelers Companies on the year before, so Travelers Companies grew faster. Berkshire Hathaway kept 18.0% of its revenue as net profit, Travelers Companies 12.9%.

Side by side, latest fiscal year

BRK-ATRV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$371.4B$48.8B
Revenue growth+0.0%+5.2%
Net income$67B$6.3B
Net margin18.0%12.9%
Free cash flow$25Bn/a
Free cash flow margin6.7%n/a
Earnings per share (diluted)n/a$27.43
Cash$52.6B$842M
Debtn/an/a
Price to earningsn/a13.2
Market value$714.1B$75.7B
Dividend yieldn/an/a
Rank by revenue in sector#1 of 444 · Finance#15 of 444 · Finance

Over the years

Revenue
BRK-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: $371.4BTRV FY2018: $30.3BTRV FY2019: $31.6BTRV FY2020: $32BTRV FY2021: $34.8BTRV FY2022: $36.9BTRV FY2023: $41.4BTRV FY2024: $46.4BTRV FY2025: $48.8BFY18FY19FY20FY21FY22FY23FY24FY25
BRK-A $371.4BTRV $48.8B
Net income
BRK-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: $67BTRV FY2018: $2.5BTRV FY2019: $2.6BTRV FY2020: $2.7BTRV FY2021: $3.7BTRV FY2022: $2.8BTRV FY2023: $3BTRV FY2024: $5BTRV FY2025: $6.3BFY18FY19FY20FY21FY22FY23FY24FY25
BRK-A $67BTRV $6.3B
Net margin
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%TRV FY2018: 8.3%TRV FY2019: 8.3%TRV FY2020: 8.4%TRV FY2021: 10.5%TRV FY2022: 7.7%TRV FY2023: 7.2%TRV FY2024: 10.8%TRV FY2025: 12.9%FY18FY19FY20FY21FY22FY23FY24FY25
BRK-A 18.0%TRV 12.9%
Revenue growth
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%TRV FY2019: +4.3%TRV FY2020: +1.3%TRV FY2021: +8.9%TRV FY2022: +5.9%TRV FY2023: +12.1%TRV FY2024: +12.2%TRV FY2025: +5.2%FY19FY20FY21FY22FY23FY24FY25
BRK-A +0.0%TRV +5.2%
Free cash flow
BRK-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
BRK-A $25BTRV

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

Questions about Berkshire Hathaway and Travelers Companies

Which is bigger by revenue, Berkshire Hathaway or Travelers Companies?

Berkshire Hathaway is bigger by revenue: $371.4B in fiscal 2025, against $48.8B for Travelers Companies in fiscal 2025.

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

Berkshire Hathaway had a net margin of 18.0% in fiscal 2025; Travelers Companies had 12.9% in fiscal 2025.

Which grew revenue faster, Berkshire Hathaway or Travelers Companies?

In their latest fiscal years revenue changed by +0.0% at Berkshire Hathaway and +5.2% at Travelers Companies.

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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