Berkshire Hathaway management check
BRK.B · Financials · Multi-Sector Holdings · CEO Warren E. Buffett
Filings as of
4 good · 2 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $217, against $235 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.17 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.00% of net income$389k of reported pay in fiscal 2025, against $67.3bn of net income.
- Good
Do they own the stock?
Insiders are buying1 insider bought $501k on the open market in the last six months, with their own money, near the lows. Sales: $20.0m.
- n/a
Are owners being diluted?
Not enough dataNo share count or stock-pay figures filed.
- Good
Is leadership stable?
4 leadership filings in 3 yearsCEO in the pay table: Warren E. Buffett. 4 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Financials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 41 | 49 | |
| Pay for performance | 59 | 83 | |
| CEO cost | 100 | 67 | |
| Skin in the game | 80 | 51 | |
| Dilution | — | — | 69 |
| Stable leadership | 100 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Nearest in rank in Financials, by management score. Berkshire Hathaway is 14th of 72 in its sector.
Pay versus performance
From the proxy statement filed March 13, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Warren E. Buffett | $389k | $389k | $16.1m | $217 | $235 | $67.3bn |
| 2024 | — | $405k | $405k | $15.4m | $196 | $213 | $89.6bn |
| 2023 | — | $414k | $414k | $11.0m | $156 | $157 | $97.1bn |
| 2022 | — | $402k | $402k | $10.4m | $135 | $142 | −$22.0bn |
| 2021 | — | $373k | $373k | $10.4m | $130 | $119 | $90.9bn |
Insiders and the CEO's stake
1 insider bought $501k on the open market in the last six months, with their own money, near the lows. Sales: $20.0m.
- BoughtMichael J. O'SullivanSee Remarks$501kAug 12, 2026
- SoldAjit JainVice Chairman$20.0mSep 28, 2026
Leadership and governance on file
- May 7, 2026Leadership change8-K 5.02
- Jan 6, 2026Leadership change8-K/A 5.02
- Dec 11, 2025Leadership change8-K 5.02
- May 8, 2025Leadership change8-K 5.02
- Dec 19, 2022Leadership change8-K 5.02
- Feb 18, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 7, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $47.0bn returned to owners in buybacks and dividends, 15% of net income, and $0 of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $191.3bn | $207.8bn | $254.9bn | $249.7bn | $247.2bn |
| Net income | $89.9bn | −$22.8bn | $96.2bn | $89.0bn | $67.0bn |
| Stock-based pay | — | — | — | — | — |
| Buybacks | $27.1bn | $7.9bn | $9.2bn | $2.9bn | — |
| Dividends | — | — | — | — | — |
| Diluted shares | — | — | — | — | — |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.