What percentage of companies had earnings decline?

 title: 'Buffett's 2025 Letter to Shareholders (Full Text)'

In 2024, 53% of the 189 operating companies in which Berkshire holds shares reported a decline in earnings. Buffett noted, 'even though 53% of the 189 operating companies in which we hold shares reported a decline in earnings'[1].

This statistic highlights a significant portion of Berkshire's subsidiaries facing challenges, contrasting with the overall performance of the company's earnings due to gains in predictable investment income and growth in the insurance sector.

[1] coinlive.com