HUIZ vs WDH
Huize Holding Ltd. and Waterdrop Inc., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | HUIZ | WDH |
|---|---|---|
| Revenue | CNY 1.6B | CNY 4.0B |
| Net income | CNY 4.0M | CNY 568.9M |
| Gross margin | 27.1% | · |
| Net margin | 0.2% | 14.2% |
| Return on equity | 1.0% | 11.4% |
| Diluted EPS | CNY 0.00 | CNY 0.15 |
| Dividend / share | · | · |
| Payout ratio | · | 22.9% |
| Free cash flow | CNY 9.6M | CNY 214.3M |
| Equity | CNY 411.2M | CNY 5.2B |
| Net debt / equity | −0.46× | −0.08× |
| Current ratio | 1.44× | 2.10× |
| Revenue CAGR 5y | 5.3% | 5.6% |
| Profit CAGR 5y | · | · |
WDH bills 2.5× the revenue of HUIZ, and keeps more of each dollar of revenue as profit (14.2% against 0.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | HUIZ | WDH |
|---|---|---|
| FY2025 | CNY 1.6B | CNY 4.0B |
| FY2024 | CNY 1.2B | CNY 2.8B |
| FY2023 | CNY 1.2B | CNY 2.6B |
| FY2022 | CNY 1.2B | CNY 2.8B |
| FY2021 | CNY 2.2B | CNY 3.2B |
| FY2020 | CNY 1.2B | CNY 3.0B |
| FY2019 | CNY 993.3M | CNY 1.5B |
Bottom line
| Fiscal year | HUIZ | WDH |
|---|---|---|
| FY2025 | CNY 4.0M | CNY 568.9M |
| FY2024 | CNY -649,000 | CNY 367.5M |
| FY2023 | CNY 70.2M | CNY 167.2M |
| FY2022 | CNY -31.2M | CNY 607.7M |
| FY2021 | CNY -107.7M | CNY -1.6B |
| FY2020 | CNY -18.3M | CNY -663.9M |
| FY2019 | CNY 14.9M | CNY -321.5M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 2,395,521,000 | WDH |
| FY2024 | −CNY 1,522,907,000 | WDH |
| FY2023 | −CNY 1,435,155,000 | WDH |
| FY2022 | −CNY 1,643,860,000 | WDH |
| FY2021 | −CNY 960,898,000 | WDH |
| FY2020 | −CNY 1,807,726,000 | WDH |
| FY2019 | −CNY 517,646,000 | WDH |
WDH has reported the higher revenue in every one of these 7 fiscal years. The gap has widened since the earliest year compared.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −14.0 pp | WDH |
| FY2024 | −12.6 pp | WDH |
| FY2023 | −0.3 pp | WDH |
| FY2022 | −24.6 pp | WDH |
| FY2021 | +44.3 pp | HUIZ |
| FY2020 | +20.4 pp | HUIZ |
| FY2019 | −19.8 pp | WDH |
The higher net margin has changed hands between HUIZ and WDH over this period.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WDH's net margin has been more volatile than HUIZ's over the 7 comparable fiscal years — 24.5 percentage points of standard deviation against 3.2.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between HUIZ and WDH over these 7 fiscal years — HUIZ led in 2 and WDH in 5.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HUIZ's return on equity has been more volatile than WDH's over the 4 comparable fiscal years — 10.1 percentage points of standard deviation against 3.9.
4 of 5 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between HUIZ and WDH over these 4 fiscal years — HUIZ led in 1 and WDH in 3.
4 of 5 comparable fiscal years — a year missing data on either side is not counted.