Berkshire Hathaway vs JPMorgan Chase & Co.: Business Model & Financial Comparison 2026
Berkshire Hathaway · Financial Services / Insurance - Diversified·JPMorgan Chase & Co. · Financial Services / Banks - Diversified
Financial Comparison
| Metric | BRK-BBerkshire Hathaway | JPMJPMorgan Chase & Co. |
|---|---|---|
| Market Cap | $1.06T | $762.96B |
| Revenue (TTM) | $371.44B | $168.24B |
| Revenue Growth | -0.7% | 2.5% |
| Gross Margin | 26.1% | 0.0% |
| Operating Margin | 33.0% | 41.1% |
| Net Margin | 18.0% | 33.9% |
| Return on Equity | 9.8% | 16.1% |
| P/E (Trailing) | 15.8x | 14.1x |
| P/E (Forward) | 22.7x | 12.0x |
| Free Cash Flow | $36.80B | N/A |
| Cash | $373.31B | $1.29T |
| Total Debt | $135.37B | $1.03T |
Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.
Business Model Comparison
Berkshire Hathaway
Berkshire Hathaway Inc. stands as a leading company in Financial Services. Generating $371.44 billion in annual revenue (growing -0.7% year-over-year) and carrying a market capitalization of $1.08 trillion, the company has cemented its position as a foundational player in the global Insurance - Diversified landscape. Under the leadership of its leadership team, Berkshire Hathaway Inc. continues to execute on a multi-year strategic vision that bal…
Full Berkshire Hathaway analysis →JPMorgan Chase & Co.
JPMorgan Chase & Co. stands as a leading company in Financial Services. Generating $168.24 billion in annual revenue (growing 2.5% year-over-year) and carrying a market capitalization of $791.71 billion, the company has cemented its position as a foundational player in the global Banks - Diversified landscape. Under the leadership of its leadership team, JPMorgan Chase & Co. continues to execute on a multi-year strategic vision that balances grow…
Full JPMorgan Chase & Co. analysis →SWOT Analysis Comparison
Strengths
Berkshire Hathaway
- With a market capitalization of $1.08T, Berkshire Hathaway Inc. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital acces
- Berkshire Hathaway Inc. maintains a gross margin of 26.1% and operating margin of 33.0%, demonstrating consistent operational execution and cost discipline in a competitive market.
- Berkshire Hathaway Inc. generated $36.80B in free cash flow, providing financial flexibility to invest in growth initiatives, return capital to shareholders, or strengthen the balance sheet.
JPMorgan Chase & Co.
- With a market capitalization of $791.71B, JPMorgan Chase & Co. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access
- A return on equity of 16.1% demonstrates that JPMorgan Chase & Co. generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.
Weaknesses
Berkshire Hathaway
- Year-over-year revenue declined 0.7%, raising questions about demand for Berkshire Hathaway Inc.'s core offerings and requiring management to articulate a credible recovery path.
JPMorgan Chase & Co.
- Revenue growth of 2.5% is below what growth investors typically seek, suggesting market saturation in core businesses or increasing competitive pressure.
- With 318,512 employees globally, JPMorgan Chase & Co. faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smaller, ni
Opportunities
Berkshire Hathaway
- Berkshire Hathaway Inc. operates in the Insurance - Diversified segment of the broader Financial Services sector, which represents a $26.5 trillion global financial services market by 2028. Even modes
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Berkshi
- With $373.31B in cash and strong free cash flow generation, Berkshire Hathaway Inc. is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach
JPMorgan Chase & Co.
- JPMorgan Chase & Co. operates in the Banks - Diversified segment of the broader Financial Services sector, which represents a $26.5 trillion global financial services market by 2028. Even modest share
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for JPMorga
- With $1.29T in cash and strong free cash flow generation, JPMorgan Chase & Co. is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach.
Threats
Berkshire Hathaway
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Berkshire Hathaway Inc.'s revenue is not fully insulated from macroeconomic cycles, and a re
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Berkshire Hathaway
- Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
JPMorgan Chase & Co.
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. JPMorgan Chase & Co.'s revenue is not fully insulated from macroeconomic cycles, and a reces
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on JPMorgan Chase & Co
- Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
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Open Comparison ToolBerkshire Hathaway vs JPMorgan Chase & Co.: FAQ
- Is Berkshire Hathaway bigger than JPMorgan Chase & Co.?
- By market capitalization, Berkshire Hathaway is larger at $1.06T vs JPMorgan Chase & Co.'s $762.96B.
- Which has better profit margins — Berkshire Hathaway or JPMorgan Chase & Co.?
- JPMorgan Chase & Co. has higher net profit margins (33.9%) compared to Berkshire Hathaway (18.0%). Gross and operating margins are compared in the table above.
- What sectors do Berkshire Hathaway and JPMorgan Chase & Co. operate in?
- Berkshire Hathaway operates in the Financial Services sector (Insurance - Diversified). JPMorgan Chase & Co. operates in the Financial Services sector (Banks - Diversified).
- How does Berkshire Hathaway's revenue compare to JPMorgan Chase & Co.'s?
- Berkshire Hathaway generates $371.44B in annual revenue (TTM) while JPMorgan Chase & Co. generates $168.24B. Berkshire Hathaway is the larger company by revenue as of 2026.