BRK-A vs UNH
Berkshire Hathaway Inc. and UnitedHealth Group Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BRK-A | UNH |
|---|---|---|
| Revenue | $371.4B | $447.6B |
| Net income | $67.0B | $12.1B |
| Gross margin | · | 88.7% |
| Net margin | 18.1% | 2.9% |
| Return on equity | 9.8% | 12.2% |
| Diluted EPS | · | $13.23 |
| Dividend / share | · | $8.73 |
| Payout ratio | · | 65.7% |
| Free cash flow | $25.0B | $16.1B |
| Equity | $717.4B | · |
| Net debt / equity | · | 0.54× |
| Current ratio | · | 0.79× |
| Revenue CAGR 5y | 8.6% | 11.7% |
| Profit CAGR 5y | 9.5% | −4.8% |
UNH bills 1.2× the revenue of BRK-A, and BRK-A keeps more of each dollar of revenue as profit (18.1% against 2.9%).
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 | UNH |
|---|---|---|
| FY2025 | $371.4B | $447.6B |
| FY2024 | $371.4B | $400.3B |
| FY2023 | $364.5B | $371.6B |
| FY2022 | $302.0B | $324.2B |
| FY2021 | $276.2B | $287.6B |
| FY2020 | $245.6B | $257.1B |
| FY2019 | $254.6B | $242.2B |
| FY2018 | $247.8B | $226.2B |
| FY2017 | $239.9B | $201.2B |
| FY2016 | $215.1B | $184.8B |
Bottom line
| Fiscal year | BRK-A | UNH |
|---|---|---|
| FY2025 | $67.0B | $12.1B |
| FY2024 | $89.0B | $14.4B |
| FY2023 | $96.2B | $22.4B |
| FY2022 | $-22.8B | $20.1B |
| FY2021 | $89.9B | $17.3B |
| FY2020 | $42.5B | $15.4B |
| FY2019 | $81.4B | $13.8B |
| FY2018 | $4.0B | $12.0B |
| FY2017 | $44.9B | $10.6B |
| FY2016 | $24.1B | $7.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$76,123,000,000 | UNH |
| FY2024 | −$28,845,000,000 | UNH |
| FY2023 | −$7,140,000,000 | UNH |
| FY2022 | −$22,142,000,000 | UNH |
| FY2021 | −$11,412,000,000 | UNH |
| FY2020 | −$11,562,000,000 | UNH |
| FY2019 | +$12,461,000,000 | BRK-A |
| FY2018 | +$21,590,000,000 | BRK-A |
| FY2017 | +$38,774,000,000 | BRK-A |
| FY2016 | +$30,274,000,000 | BRK-A |
| FY2015 | +$53,836,000,000 | BRK-A |
| FY2014 | +$64,225,000,000 | BRK-A |
| FY2013 | +$59,661,000,000 | BRK-A |
| FY2012 | +$51,845,000,000 | BRK-A |
| FY2011 | +$41,826,000,000 | BRK-A |
| FY2010 | +$42,030,000,000 | BRK-A |
| FY2009 | +$25,355,000,000 | BRK-A |
| FY2008 | +$26,600,000,000 | BRK-A |
| FY2007 | +$42,814,000,000 | BRK-A |
The higher-revenue side has changed between BRK-A and UNH over this period. 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 | +15.2 pp | BRK-A |
| FY2024 | +20.3 pp | BRK-A |
| FY2023 | +20.4 pp | BRK-A |
| FY2022 | −13.7 pp | UNH |
| FY2021 | +26.8 pp | BRK-A |
| FY2020 | +11.5 pp | BRK-A |
| FY2019 | +26.2 pp | BRK-A |
| FY2018 | −3.7 pp | UNH |
| FY2017 | +13.5 pp | BRK-A |
| FY2016 | +7.5 pp | BRK-A |
| FY2015 | +7.8 pp | BRK-A |
| FY2014 | +6.1 pp | BRK-A |
| FY2013 | +6.3 pp | BRK-A |
| FY2012 | +4.4 pp | BRK-A |
| FY2011 | +2.4 pp | BRK-A |
| FY2010 | +5.0 pp | BRK-A |
| FY2009 | +3.1 pp | BRK-A |
| FY2008 | +1.5 pp | BRK-A |
| FY2007 | +5.3 pp | BRK-A |
The higher net margin has changed hands between BRK-A and UNH 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 UNH's over the 19 comparable fiscal years — 9.9 percentage points of standard deviation against 1.0.
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 UNH over these 19 fiscal years — BRK-A led in 17 and UNH in 2.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BRK-A's return on equity has been more volatile than UNH's over the 18 comparable fiscal years — 6.1 percentage points of standard deviation against 4.0.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
UNH led in return on equity in every one of the 18 comparable fiscal years — a structural lead, not a recent swing.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.