Stocktoria

Waterdrop Inc. WDH

NYSE · stock · Insurance Agents, Brokers & Service · website · IPO 2021-05-07 · LEI

Waterdrop Inc. statistics & valuation

Profitability & efficiency

Net margin (%)
-21.90% -49.10% 21.70% 45.10% 96.80% 100.00% 202020212022202320242025
Gross margin (%)
202020212022202320242025
Operating margin (%)
-16.40% -58.10% 17.10% -0.30% 6.40% 9.30% 202020212022202320242025
Return on equity (%)
-39.60% 12.80% 25.90% 55.90% 77.20% 202020212022202320242025
Shares outstanding
1.20B 3.94B 4.02B 3.88B 3.72B 3.71B 202020212022202320242025
Net debt ($)
202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
-14.10% -30.00% 10.30% 19.30% 41.60% 56.00% 202020212022202320242025
Free cash flow margin (%)
-26.50% -35.30% 26.90% 14.90% 7.90% 5.40% 202020212022202320242025
Debt / equity (×)
202020212022202320242025
EPS ($)
-$0.94 -$0.58 $0.02 $0.01 $0.01 $0.02 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Waterdrop Inc. trades at about 50× earnings — below its 10-year norm (10-year range 82.5×–157.5×, median 119.5×).

50× 157.5×

Shaded band = 10-year range (82.5×–157.5×); dot = today's 50×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Operating margin9.3%6.4%-0.3%17.1%-58.1%-16.4%
Net margin100.0%96.8%45.1%21.7%-49.1%-21.9%
FCF margin5.4%7.9%14.9%26.9%-35.3%-26.5%
Return on assets56.0%41.6%19.3%10.3%-30.0%-14.1%
Return on equity77.2%55.9%25.9%12.8%-39.6%40.1%
Current ratio2.103.123.965.074.033.57

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.