Revenue flow

Margins

Stage	BRK-B	% of rev	PRHI	% of rev	Gap · A − B
Revenue	$102B	100.00%	$9M	100.00%	BRK-B ×11136.29
Gross profit	$55.9B	54.87%	$7M	81.71%	PRHI +26.8pp
Operating income	$17.1B	16.77%	$3M	35.15%	PRHI +18.4pp
Pre-tax income	$31.8B	31.25%	$3M	27.74%	BRK-B +3.5pp
Net income	$25.8B	25.31%	$3M	27.74%	PRHI +2.4pp

Stage	BRK-B	PRHI	Gap · A − B
Revenue	$102B100.00%	$9M100.00%	BRK-B ×11136.29
Gross profit	54.87%$55.9B	81.71%$7M	PRHI +26.8pp
Operating income	16.77%$17.1B	35.15%$3M	PRHI +18.4pp
Pre-tax income	31.25%$31.8B	27.74%$3M	BRK-B +3.5pp