BRK-B vs HIG: Berkshire Hathaway and Hartford Financial Services Group compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Berkshire Hathaway is the larger company, worth $1.10T, about 30.6 times Hartford Financial Services Group.
- Berkshire Hathaway grew revenue faster over the last year (+10.0% vs +8.1%).
- Hartford Financial Services Group keeps more of each dollar of revenue as operating profit (17.3% vs 15.0%).
- On earnings, Hartford Financial Services Group is the cheaper stock (9.3x vs 15.2x).
- Berkshire Hathaway's price assumes faster free cash flow growth: about 15% a year, against -11% for Hartford Financial Services Group (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | BRK-B | HIG |
|---|---|---|
| Market cap | $1.10T | $36.0B |
| Share price | $515.62 | $129.11 |
| Revenue (last fiscal year) | $371.4B | $28.4B |
| Free cash flow (last fiscal year) | $25.0B | $5.8B |
| Revenue growth, last year | +10.0% | +8.1% |
| Revenue growth per year, last 5 fiscal years | +7.7% | +6.1% |
| Operating margin | 15.0% | 17.3% |
| Net margin | 22.3% | 15.0% |
| Return on equity | 11.5% | 22.2% |
| P/E (trailing) | 15.2x | 9.26x |
| Price / free cash flow | 44.1x | 6.26x |
| EV / EBITDA | 9.22x | 7.04x |
| FCF growth the price implies | 15.3% | -10.7% |
| Dividend yield | — | 1.7% |
| Debt / equity | 0.69x | 3.48x |
| Fundamental grade | B | B |
| Superinvestors holding it | 0 | 0 |
| Insider purchases, last 12 months | 10 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Berkshire Hathaway
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $276.2B | $26.2B | 11.7% |
| 2022 | $302.0B | $21.9B | 11.8% |
| 2023 | $364.5B | $29.8B | 11.9% |
| 2024 | $371.4B | $11.6B | 15.0% |
| 2025 | $371.4B | $25.0B | 14.3% |
Hartford Financial Services Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $22.4B | $4.0B | 13.0% |
| 2022 | $22.4B | $3.8B | 10.1% |
| 2023 | $24.5B | $4.0B | 12.6% |
| 2024 | $26.5B | $5.8B | 14.5% |
| 2025 | $28.4B | $5.8B | 16.8% |
Where the revenue comes from
Berkshire Hathaway · by segments, 2025
Insurance Group$104.2B28%
Manufacturing Businesses$78.5B21%
McLane$51.0B14%
Service and Retailing$42.6B12%
Pilot Travel Centers LLC$42.2B11%
Berkshire Hathaway Energy ("BHE")$26.3B7%
Hartford Financial Services Group · by segments, 2025
P&C Business Insurance$15.8B56%
Employee Benefits$7.1B25%
P&C Personal Insurance$4.1B14%
Hartford Funds$1.1B4%
Property & Casualty Other Operations$73M0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open BRK-B in InvestinglyQuestions
Which is bigger, Berkshire Hathaway or Hartford Financial Services Group?
Berkshire Hathaway (BRK-B), at $1.10T against $36.0B.
Is BRK-B or HIG cheaper?
By trailing P/E, Hartford Financial Services Group (9.26x) is cheaper than Berkshire Hathaway (15.2x). A lower multiple can also mean the market expects less growth.
Which grows faster, BRK-B or HIG?
Berkshire Hathaway: revenue grew +10.0% over the last year, against +8.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.