Stocks A to Z / Stocks C / Copart (CPRT)
No. of Recommendations: 3
Berkshire Hathaway Q3 operating earnings +33.6% Y/Y, cash pile hits record $381.67B
Nov. 01, 2025 8:04 AM ETBerkshire Hathaway Inc. (BRK.A) Stock, BRK.B StockBy: Anuron Mitra, SA News Editor
(5)
Berkshire Hathaway press release (NYSE:BRK.A)(NYSE:BRK.B): Q3 operating earnings of $13.49B (+33.6% Y/Y).
Q3 total revenue of $94.97B (+2.1% Y/Y).
Net earnings per average equivalent Class A share of $21,413.
Net earnings per average equivalent Class B share of $14.28.
Cash, cash equivalents, and short-term securities of $381.67B.
SEC filing.
No. of Recommendations: 6
No. of Recommendations: 1
" Equity securities sold produced taxable gains of $10.4 billion in the third quarter and $18.7 billion in the first nine
months of 2025 compared to gains of $23.4 billion in the third quarter and $97.1 billion in the first nine months of 2024."
No. of Recommendations: 3
By my math, stock is trading at 1.48x book here
No. of Recommendations: 1
I see news reporting cash at $380b. There’s a liability of $23b for purchase of Treasury Bills.
Cash $354b.
No buybacks, as expected.
No. of Recommendations: 1
“ I see news reporting cash at $380b. There’s a liability of $23b for purchase of Treasury Bills.
Cash $354b.”
Scratch that. Didn’t see the footnote. Cash $377b + BNSF.
No. of Recommendations: 4
BV
I get QE BV of $323.62 which is in agreement with your 1.48X
I would add that the investment portfolio has since risen by approximately $9.6 BB AT and 1 month of operating earnings would add approximately another $3.7. So current month end BV as of October is likely closer to $329+. Or a price to book of 1.45.
No. of Recommendations: 0
I’m sorry, BB and AT? Thx!
No. of Recommendations: 1
Sorry for the shorthand.
BB is Billion
AT After Tax gains. Net change in equities less estimated 21% for tax.
No. of Recommendations: 3
Another opinion,
" We recently upgraded BRK shares to a Buy from a Hold, following a period of sharp underperformance that followed the announcement of Warren Buffett's retirement as CEO at year-end. We believe that CEO-designate Greg Abel will restore investor confidence over time. In the near term, however, increased investment activity and/or share repurchases could be a catalyst for BRK shares," Edward Jones' Shanahan said."
https://seekingalpha.com/news/4512653-edward-jones...
No. of Recommendations: 0
“”AdrianC
“ I see news reporting cash at $380b. There’s a liability of $23b for purchase of Treasury Bills.
Cash $354b.”
Scratch that. Didn’t see the footnote. Cash $377b + BNSF.””
And, inevitably, scratch the scratch, I was right the first time.
