Berkshire Hathaway vs Voya Financial
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KIRAβs take AI analyst
I put Berkshire Hathaway and Voya Financial side by side, using each oneβs latest annual report. Here is what stands out:
- Berkshire Hathaway is the larger business, with $371.4B of revenue in fiscal 2025 against $8.2B for Voya Financial, about 45 times as much.
- Voya Financial grew revenue faster (1.7%, against 0.0%).
Who comes out ahead
Of the 3 measures where higher (or lower) is clearly better, how many each company leads.
Berkshire Hathaway
BRK-B
2/3
5-year growthNet margin
Voya Financial
VOYA
1/3
Revenue growth
Side by side
Best in the row
| Latest fiscal year | BRK-B FY25 | VOYA FY25 |
|---|---|---|
| Size | ||
| Market cap | β | $8.9B |
| Revenue | $371.4B | $8.2B |
| Free cash flow | $25.0B | β |
| Net income | $67.0B | $654M |
| Growth | ||
| Revenue growth | 0.0% | 1.7% |
| 5-year growth | 8.6% | 1.4% |
| Share count change | β | β3.9% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | 12.7% |
| Net margin | 18.0% | 8.0% |
| FCF margin | 6.7% | β |
| Return on capital | β | β |
| Return on equity | 9.8% | β |
| Balance sheet | ||
| Net debt | β | $1.4B |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $0.0M | $378M |
| Valuation & quality | ||
| P/E | β | 16.3x |
| Piotroski F-score | β | β |
Ten years
Revenue
FY16
BRK-B $215.1B
VOYA $8.8B
FY17
BRK-B $239.9B
VOYA $7.2B
FY18
BRK-B $247.8B
VOYA $7.2B
FY19
BRK-B $254.6B
VOYA $7.5B
FY20
BRK-B $245.6B
VOYA $7.6B
FY21
BRK-B $276.2B
VOYA $4.2B
FY22
BRK-B $302.0B
VOYA $5.9B
FY23
BRK-B $364.5B
VOYA $7.3B
FY24
BRK-B $371.4B
VOYA $8.1B
FY25
BRK-B $371.4B
VOYA $8.2B
BRK-B
VOYA
Operating margin
FY16
BRK-B β
VOYA 1.3%
FY17
BRK-B β
VOYA β
FY18
BRK-B β
VOYA β
FY19
BRK-B β
VOYA β
FY20
BRK-B β
VOYA β
FY21
BRK-B β
VOYA β
FY22
BRK-B β
VOYA β
FY23
BRK-B β
VOYA 12.5%
FY24
BRK-B β
VOYA 10.8%
FY25
BRK-B β
VOYA 12.7%
BRK-B
VOYA
Free cash flow
FY16
BRK-B $19.7B
VOYA $3.6B
FY17
BRK-B $34.0B
VOYA β
FY18
BRK-B $22.9B
VOYA β
FY19
BRK-B $22.7B
VOYA β
FY20
BRK-B $26.8B
VOYA β
FY21
BRK-B $26.2B
VOYA β
FY22
BRK-B $21.9B
VOYA β
FY23
BRK-B $29.8B
VOYA β
FY24
BRK-B $11.6B
VOYA β
FY25
BRK-B $25.0B
VOYA β
BRK-B
VOYA
Return on capital
FY16
BRK-B β
VOYA β
FY17
BRK-B β
VOYA β
FY18
BRK-B β
VOYA β
FY19
BRK-B β
VOYA β
FY20
BRK-B β
VOYA β
FY21
BRK-B β
VOYA β
FY22
BRK-B β
VOYA β
FY23
BRK-B β
VOYA β
FY24
BRK-B β
VOYA β
FY25
BRK-B β
VOYA β
BRK-B
VOYA
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.