BRK-A vs PGR
Berkshire Hathaway Inc. and Progressive Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BRK-A | PGR |
|---|---|---|
| Revenue | $371.4B | $87.7B |
| Net income | $67.0B | $11.3B |
| Gross margin | · | · |
| Net margin | 18.1% | 12.9% |
| Return on equity | 9.8% | 40.4% |
| Diluted EPS | · | $19.23 |
| Dividend / share | · | $13.90 |
| Payout ratio | · | 25.4% |
| Free cash flow | $25.0B | $17.2B |
| Equity | $717.4B | $30.3B |
| Net debt / equity | · | −0.00× |
| Current ratio | · | · |
| Revenue CAGR 5y | 8.6% | 15.5% |
| Profit CAGR 5y | 9.5% | 14.7% |
BRK-A bills 4.2× the revenue of PGR, and keeps more of each dollar of revenue as profit (18.1% against 12.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BRK-A | PGR |
|---|---|---|
| FY2025 | $371.4B | $87.7B |
| FY2024 | $371.4B | $75.4B |
| FY2023 | $364.5B | $62.1B |
| FY2022 | $302.0B | $49.6B |
| FY2021 | $276.2B | $47.7B |
| FY2020 | $245.6B | $42.7B |
| FY2019 | $254.6B | $39.0B |
| FY2018 | $247.8B | $32.0B |
| FY2017 | $239.9B | $26.8B |
| FY2016 | $215.1B | $23.4B |
Bottom line
| Fiscal year | BRK-A | PGR |
|---|---|---|
| FY2025 | $67.0B | $11.3B |
| FY2024 | $89.0B | $8.5B |
| FY2023 | $96.2B | $3.9B |
| FY2022 | $-22.8B | $722.0M |
| FY2021 | $89.9B | $3.4B |
| FY2020 | $42.5B | $5.7B |
| FY2019 | $81.4B | $4.0B |
| FY2018 | $4.0B | $2.6B |
| FY2017 | $44.9B | $1.6B |
| FY2016 | $24.1B | $1.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$283,773,000,000 | BRK-A |
| FY2024 | +$296,061,000,000 | BRK-A |
| FY2023 | +$302,373,000,000 | BRK-A |
| FY2022 | +$252,409,000,000 | BRK-A |
| FY2021 | +$228,483,000,000 | BRK-A |
| FY2020 | +$202,920,900,000 | BRK-A |
| FY2019 | +$215,593,700,000 | BRK-A |
| FY2018 | +$215,858,000,000 | BRK-A |
| FY2017 | +$213,094,000,000 | BRK-A |
| FY2016 | +$191,672,600,000 | BRK-A |
| FY2015 | +$190,089,200,000 | BRK-A |
| FY2014 | +$175,307,600,000 | BRK-A |
| FY2013 | +$163,979,100,000 | BRK-A |
| FY2012 | +$145,379,100,000 | BRK-A |
| FY2011 | +$127,913,400,000 | BRK-A |
| FY2010 | +$120,969,500,000 | BRK-A |
| FY2009 | +$97,929,400,000 | BRK-A |
| FY2008 | +$94,945,900,000 | BRK-A |
| FY2007 | +$103,558,200,000 | BRK-A |
BRK-A has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.2 pp | BRK-A |
| FY2024 | +12.9 pp | BRK-A |
| FY2023 | +20.4 pp | BRK-A |
| FY2022 | −8.7 pp | PGR |
| FY2021 | +25.9 pp | BRK-A |
| FY2020 | +4.2 pp | BRK-A |
| FY2019 | +21.9 pp | BRK-A |
| FY2018 | −6.5 pp | PGR |
| FY2017 | +12.9 pp | BRK-A |
| FY2016 | +6.8 pp | BRK-A |
| FY2015 | +5.3 pp | BRK-A |
| FY2014 | +3.8 pp | BRK-A |
| FY2013 | +4.5 pp | BRK-A |
| FY2012 | +4.1 pp | BRK-A |
| FY2011 | +1.0 pp | BRK-A |
| FY2010 | +2.9 pp | BRK-A |
| FY2009 | +0.2 pp | BRK-A |
| FY2008 | +5.7 pp | BRK-A |
| FY2007 | +3.4 pp | BRK-A |
The higher net margin has changed hands between BRK-A and PGR over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BRK-A's net margin has been more volatile than PGR's over the 19 comparable fiscal years — 9.9 percentage points of standard deviation against 3.3.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BRK-A and PGR over these 19 fiscal years — BRK-A led in 17 and PGR in 2.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PGR's return on equity has been more volatile than BRK-A's over the 18 comparable fiscal years — 10.5 percentage points of standard deviation against 6.1.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BRK-A and PGR over these 18 fiscal years — BRK-A led in 2 and PGR in 16.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.