Berkshire Hathaway Inc BRK.B

Revenue is expected to grow modestly, about 2.6% year over year, placing FY revenue near $391 billion as Berkshire leverages its diversified earnings mix. Our econometric model shows the trajectory is driven by a steady, evolving spend pattern, with SG&A elasticity rising from about 0.62x to 0.74x over the sample period and now near 0.97x, implying spending is increasingly linked to topline outcomes. The forecast framework uses a log-log specification with time-varying coefficients to reflect these shifts; in a holdout, the model forecasted 97.1B versus 94.2B actual, a roughly 3% miss, with a MAPE around 2.7%. Key risk remains macro and investment-cycle sensitivity: weaker markets or underwriting losses could meaningfully constrain the growth path.