Berkshire Hathaway Competitors: who it competes with and how it compares

Reviewed by the editorial team · Updated 4 Nov 2026 · Last verified 3 Nov 2026 · 1 min read

Quick answer

Berkshire has no single rival. Its businesses compete in their own markets: GEICO with Progressive and State Farm, BNSF with Union Pacific, and as an investor it is compared with Markel and Fairfax 4.

Founded1965, Omaha, Nebraska

StatusListed

Listed onNYSE: BRK.B

Market cap$1.19T

Revenue$371.4B (FY2024)

Competitors by business

Berkshire business	Main rivals
GEICO	Progressive, State Farm, Allstate
General Re	Munich Re, Swiss Re
BNSF Railway	Union Pacific
Berkshire Hathaway Energy	NextEra, Duke Energy
Dairy Queen	McDonald's, Sonic

Similar conglomerates

Markel and Fairfax Financial copy Berkshire's model of using insurance float to buy businesses, but are much smaller 4.

Frequently asked questions

Each business has its own: Progressive for GEICO, Union Pacific for BNSF, Munich Re for General Re.

Markel and Fairfax Financial follow a similar model on a smaller scale.

Sources✓ Verified 3 Nov 2026

1 Forbes, Ranked: The top 10 richest people in the world (November 2026), 1 Nov 2026, Businesses, share moves 2 Berkshire Hathaway, Press release: leadership transition, 18 Sep 2026, Chairman change 3 CompaniesMarketCap, Largest companies by market capitalization, 2 Nov 2026, Market cap 4 Berkshire Hathaway, Wikipedia, accessed 3 Nov 2026; history, subsidiaries, acquisitions Report a correction

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