MARKETS / NYSE / WDH
NYSE · INSURANCE AGENTS, BROKERS & SERVICE · MID CAP

Waterdrop Inc. WDH

7 fiscal years on record · CNY · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
¥4.0B
▲ 43.5% vs FY2024
EPS · FY25
Dividend / sh · FY25
Payout · FY25
23%
ROE · FY25
11.4%
Net margin · FY25
14.3%
Dividend coverage
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Result
CNY 4.0B
Revenue, FY2025 · full 7-year series below
Revenue Net income
12344.00.6201920222025
12344.00.6201920222025

14 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS
0.40.81.2201920222025
0.40.81.2201920222025

The company pays no cash dividend.

Profitability
11.4%
Return on equity, FY2025
ROE
48121611.4%201920222025
48121611.4%201920222025
Operating margin9.3%
Net margin14.3%
Return on assets8.4%

Each CNY of equity produced 11 cents of profit this year.

Returned to shareholders
CNY 130.4M
returned in FY2025 · dividends + net buybacks
Dividends paidCNY 130.4M
Net buybacks
Share of profit22.9%
Consecutive raises

CNY 130.4M in dividends — 23% of the year's profit went back to shareholders.

Growth
+5.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+12.4%
+5.6%
Net income
−2.2%
EPS, diluted
+0.0%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
CNY 7.1B
total assets, end of FY2025
Total assetsCNY 7.1B
EquityCNY 5.2B
CashCNY 483.0M
Gross debtCNY 47.0M
Net debtCNY -436.0M
Current ratio2.10×

The company holds more cash than debt.

History
7 fiscal years
Every figure from documents filed with the SEC · CNY
Metric
2025
2024
2023
2022
2021
2020
2019
Revenue ¥B
4.0
2.8
2.6
2.8
3.2
3.0
1.5
Operating income ¥B
0.4
0.2
−0.0
0.5
−1.9
−0.5
−0.2
EBITDA ¥B
0.4
0.2
0.0
0.5
−1.8
−0.5
−0.2
Income tax ¥B
−0.0
0.0
0.0
0.0
−0.2
0.1
0.1
Net income ¥B
0.6
0.4
0.2
0.6
−1.6
−0.7
−0.3
EPS, diluted ¥
·
·
·
·
·
·
·
Dividend / sh ¥
·
·
·
·
·
·
·
Payout %
23
43
·
·
·
·
·
ROE %
11.4
7.8
3.6
13.9
−135.9
·
·
Shares out B
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
19 of 19
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed