Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Berkshire Hathaway Inc
Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. Capex is 1.55x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash.
Fixed-asset turnover is 1.54x. Compare it with other names in the same basket.
Physical asset ratio
21.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.54x
Revenue per dollar of the physical asset base.
Capex / D&A
1.55x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$418.49K
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.91x
Price $798.00K.
Fixed-charge coverage
6.13x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
2.2%
Latest free cash flow divided by current market cap ($1,138.86B).
ROIC
9.9%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.24x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 26.2% | 1.35x | 1.49x | $145.85K | 0.34x | $22.86B | 2.8% | 0.05x |
| 2019 | 23.7% | 1.46x | 1.59x | $193.87K | -9.62x | $22.71B | -20.1% | -0.44x |
| 2020 | 23.6% | 1.31x | 1.23x | $224.69K | -15.61x | $26.76B | -20.5% | -0.61x |
| 2021 | 22.7% | 1.41x | 1.24x | $279.25K | -13.03x | $26.15B | -13.9% | -0.42x |
| 2022 | 24.0% | 1.50x | 1.42x | $255.74K | -4.65x | $21.76B | — | -0.13x |
| 2023 | 23.0% | 1.64x | 1.55x | $316.91K | 3.99x | $29.79B | 7.3% | 0.22x |
| 2024 | 21.9% | 1.62x | 1.48x | $369.96K | 6.98x | $11.62B | 10.8% | 0.26x |
| 2025 | 21.7% | 1.54x | 1.55x | $418.49K | 6.13x | $25.04B | 9.9% | 0.24x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $241.18B
Inventory: $24.42B
Total assets: $1,222.18B
Goodwill: $83.07B
Intangibles: $34.84B
Liabilities: $502.47B
Tangible book: $601.79B
Shares: 1,438,000
Revenue: $371.44B
Capex: $20.93B
D&A: $13.48B
EBITDA: $72.36B
Interest: $5.07B
Short-term debt: $3.32B
Free cash flow: $25.04B
Operating income: $58.88B
Invested capital: $483.06B
Tax rate: 18.4%