Core Insights - Berkshire Hathaway B's Q3 2025 operating earnings were $6.26 per share, a 33.8% increase year over year, surpassing the Zacks Consensus Estimate by 33.2% [2] - Total revenues rose 2.2% year over year to $92.5 billion, although this figure missed the consensus estimate by 0.1% [3] - The company experienced a downward trend in estimates revision, with the consensus estimate shifting down by 31.42% [8] Financial Performance - Operating earnings for Q3 2025 reached $13.5 billion, reflecting a 3.4% year-over-year increase, driven by higher earnings in insurance underwriting, BNSF, and Manufacturing, service, and retailing [2] - Costs and expenses decreased by 2.6% year over year to $79.1 billion, attributed to lower insurance losses and reduced selling, general, and administrative expenses [3] - Cash flow from operating activities totaled $34.8 billion in the first nine months of 2025, marking a 33.9% increase from the previous year [7] Segment Performance - The Insurance and Other segment saw revenues increase by 2.4% year over year to $81.7 billion, with insurance underwriting earnings improving more than threefold to $2.4 billion [4] - Railroad, Utilities, and Energy operating revenues decreased by 1.5% year over year to $13.1 billion, with pre-tax earnings dropping 2.5% to $2.9 billion [5] - Manufacturing, Service, and Retailing revenues increased by 2.4% year over year to $54.7 billion, with earnings rising 8.2% to $3.6 billion [6] Financial Position - As of September 30, 2025, consolidated shareholders' equity was $700.4 billion, up 7.5% from December 31, 2024 [7] - Cash and cash equivalents increased by 62.7% to $72.2 billion compared to the end of 2024 [7] - The company exited Q3 2025 with a float of approximately $176 billion, up from $171 billion at the end of 2024 [7] Market Outlook - Berkshire Hathaway B has a Zacks Rank of 3 (Hold), indicating an expectation of an in-line return in the coming months [10] - The stock has a poor Growth Score of F and a Momentum Score of D, with an aggregate VGM Score of F [9]