Berkshire Hathaway vs Travelers Companies (BRK.B vs TRV)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Berkshire Hathaway is the larger company by revenue ($247.2B vs $48.8B) and market value ($1.1T vs $75.9B). Travelers Companies has grown revenue faster over the last 4 fiscal years (+40.2% cumulative vs +29.3%). Travelers Companies trades at the lower trailing P/E (9.8x vs 12.6x).
About Berkshire Hathaway
Berkshire Hathaway Inc. is a holding company that owns subsidiaries operating in various industries, including insurance, freight rail transportation, and utility and energy generation and distribution. Its insurance businesses provide property, casualty, life, and health insurance and reinsurance services worldwide. The company serves a diverse range of customers through its decentralized subsidiaries, employing approximately 387,800 people globally.
About Travelers Companies
Travelers Companies, Inc. provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals. Its offerings include various insurance coverages such as commercial multi-peril, workers' compensation, general liability, and commercial property insurance, serving customers primarily in the United States, the United Kingdom, and the Republic of Ireland. The company also operates a Lloyd's syndicate underwriting marine, energy, property, aviation, and special risks insurance.
Head to head (BRK.B FY2025 vs TRV FY2025)
| Metric | BRK.BFY2025 | TRVFY2025 |
|---|---|---|
| Revenue | $247.24B | $48.83B |
| Revenue growth (YoY) | -1.0% | 5.2% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 27.1% | 12.9% |
| Net income | $66.97B | $6.29B |
| Diluted EPS | — | $27.43 |
| FCF margin | 10.1% | — |
| ROE | 9.3% | 19.1% |
| Long-term debt / equity | — | — |
| Market cap | $1.08T | $75.90B |
| P/E | 12.6× | 9.8× |
Fundamentals are from each company’s SEC filings (BRK.B FY2025, TRV FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BRK.B | $191.25B | $207.77B | $254.91B | $249.71B | $247.24B |
| TRV | $34.82B | $36.88B | $41.36B | $46.42B | $48.83B |
Peer standing
Where each company ranks among the 88 insurance companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | BRK.B | TRV |
|---|---|---|
| Net margin | 27.1%90th percentile of 82 | 12.9%57th percentile of 82 |
| Revenue growth (YoY) | -1.0%20th percentile of 88 | +5.2%33rd percentile of 88 |
| ROE | 9.3%31st percentile of 73 | 19.1%71st percentile of 73 |
| P/E | 12.6×61st percentile of 72 | 9.8×37th percentile of 72 |
| Short interest (days to cover) | 2.47d24th percentile of 87 | 3.43d43rd percentile of 87 |
Short interest
| FINRA settlement data | BRK.B | TRV |
|---|---|---|
| Shares sold short | 11.1M | 5.8M |
| Change vs prior settlement | -11.1% | -21.7% |
| Days to cover | 2.47 | 3.43 |
| As of settlement | 2026-08-14 | 2026-08-14 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | BRK.B | TRV |
|---|---|---|
| Buys | 3 ($250,072) | 0 |
| Sells | 0 | 13 ($23.5M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
7 tracked 13F managers hold both Berkshire Hathaway and Travelers Companies as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Dodge & Cox, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.