WDHNYSEInsurance Agents, Brokers & ServiceFiscal year ends December 31
Waterdrop Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 28, 2026
$1.01+0.00 (0.00%)
Close on Oct 19, 2026
Waterdrop statistics
Financials through Dec 31, 2025, price-based ratios appear once a share price is available, median of Insurance Agents, Brokers & Service companies for comparison
Valuation
| Measure | Waterdrop | Industry median |
|---|---|---|
| Market Cap | CN¥2.44B | CN¥1.10B |
| Enterprise Value | CN¥1.47B | CN¥154.16M |
| PE Ratio | 4.51 | |
| PS Ratio | 0.61 | 0.61 |
| PB Ratio | 0.47 | 0.77 |
| P/TBV Ratio | 0.50 | 0.50 |
| P/FCF Ratio | 11.38 | |
| P/OCF Ratio | 10.00 |
Enterprise value
| Measure | Waterdrop | Industry median |
|---|---|---|
| EV / Sales | 0.37 | 0.37 |
| EV / EBITDA | 3.97 | |
| EV / EBIT | 3.97 | |
| EV / FCF | 6.87 |
Income (trailing twelve months)
| Measure | Waterdrop | Industry median |
|---|---|---|
| Revenue | CN¥3.98B | CN¥1.58B |
| Operating Income | CN¥370.86M | -CN¥29.97M |
| Pretax Income | CN¥543.45M | -CN¥18.20M |
| Net Income | CN¥568.94M | -CN¥17.79M |
| EBITDA | CN¥370.86M | -CN¥26.26M |
| EPS (Diluted) | 0.15 CNY | 0.00 CNY |
Margins
| Measure | Waterdrop | Industry median |
|---|---|---|
| Operating Margin | 9.32% | -3.86% |
| Pretax Margin | 13.7% | -0.68% |
| Profit Margin | 14.3% | -0.59% |
| EBITDA Margin | 9.32% | -3.34% |
| FCF Margin | 5.39% | 0.61% |
Returns
| Measure | Waterdrop | Industry median |
|---|---|---|
| Return on Equity (ROE) | 11.4% | -2.26% |
| Return on Assets (ROA) | 8.39% | -1.55% |
| Return on Invested Capital (ROIC) | 11.3% | |
| Return on Capital Employed (ROCE) | 7.12% | -2.53% |
Growth
| Measure | Waterdrop | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 43.5% | 26.7% |
| Net Income Growth (YoY) | 54.8% | |
| EPS Growth (YoY) | 50.0% | |
| FCF Growth (YoY) | -2.08% | |
| Revenue Growth (3Y CAGR) | 12.4% | 7.46% |
| Revenue Growth (5Y CAGR) | 5.61% | |
| EPS Growth (3Y CAGR) | 0.00% |
Balance sheet
| Measure | Waterdrop | Industry median |
|---|---|---|
| Cash & Short-Term Investments | CN¥1.01B | CN¥131.96M |
| Total Debt | CN¥47.00M | CN¥51.47M |
| Net Cash (Debt) | CN¥966.67M | CN¥33.77M |
| Net Cash Per Share | 0.27 CNY | 0.19 CNY |
| Equity (Book Value) | CN¥5.15B | CN¥411.23M |
| Book Value Per Share | 1.43 CNY | 1.43 CNY |
| Tangible Book Value | CN¥4.89B | CN¥331.14M |
| Working Capital | CN¥2.09B | CN¥213.68M |
Financial position
| Measure | Waterdrop | Industry median |
|---|---|---|
| Current Ratio | 2.10 | 1.44 |
| Quick Ratio | 1.20 | 0.93 |
| Debt / Equity | 0.01 | 0.15 |
| Debt / EBITDA | 0.13 | |
| Debt / FCF | 0.22 | |
| Net Debt / EBITDA | -2.61 |
Cash flow (trailing twelve months)
| Measure | Waterdrop | Industry median |
|---|---|---|
| Operating Cash Flow | CN¥243.92M | -CN¥11.70M |
| Capital Expenditures | -CN¥29.63M | -CN¥8.25M |
| Free Cash Flow | CN¥214.29M | CN¥9.63M |
| FCF Per Share | 0.06 CNY | 0.01 CNY |
Efficiency
| Measure | Waterdrop | Industry median |
|---|---|---|
| Asset Turnover | 0.59 | 1.18 |
| Revenue Per Employee | CN¥1.32M | CN¥4.26M |
| Profits Per Employee | CN¥188.51K | -CN¥37.93K |
| Employee Count | 3,018 | 594 |
Dividends and yields
| Measure | Waterdrop | Industry median |
|---|---|---|
| Earnings Yield | 23.3% | -24.4% |
| FCF Yield | 8.79% | 7.23% |
| Buyback Yield | 3.74% | |
| Shareholder Yield | 3.74% | |
| Payout Ratio | 22.9% | |
| FCF Payout Ratio | 60.9% |
Shares
| Measure | Waterdrop | Industry median |
|---|---|---|
| Shares Outstanding | 3,608,830,000 | 276,481,000 |
| Shares Change (YoY) | -0.17% | 5.38% |
| Float | 2,796,640,000 | 609,595,000 |
| Shares Held by Insiders | 22.5% | 39.7% |
| Shares Held by Institutions | 0.69% |
Taxes
| Measure | Waterdrop | Industry median |
|---|---|---|
| Income Tax | -CN¥21.61M | CN¥46.00K |
| Effective Tax Rate | -3.98% |
Scores
| Measure | Waterdrop | Industry median |
|---|---|---|
| Graham Number | 2.20 CNY | |
| Graham Upside | 224.8% | |
| Altman Z-Score | 1.52 | 1.45 |
| Piotroski F-Score | 6 | 3 |
Calculated by StockData from Waterdrop's SEC filings. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.