Saturday 17 October 2026 Export WDH’s income statement to Excel — free account

Waterdrop Inc. Unsponsored ADR

Waterdrop Inc. Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $568.8 million, up 49.8% from fiscal 2024. In the quarter to June 2026, revenue grew 82.5%, EPS was flat, free cash flow grew 117.2% and total debt rose 657.5%, each against the same quarter a year earlier.

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Market cap: $283.5M
P/E: 4.8×
Fwd P/E: 6.5×
Dividend yield: 5.94%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 26.71%

Capital & Financial Ratios $m

Market Cap 283.50

Revenue 741.50

Net Income 80.80

Free Cash Flow 225.47

Net Debt (231.58)

Current Ratio 2.19

Debt/Equity 0.09

P/E ratio 4.81

Fwd P/E 6.52

P/S ratio 0.49

P/B ratio 0.46

Past 5Y EPS Growth —

This Y EPS Growth 347.35%

Next Y EPS Growth 36.06%

Next Y revenue growth 32.69%

Next 5Y EPS Growth 98.88%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 2.46%

10-year low 10-year high

P/S against its own 10 years 1.83%

10-year low 10-year high

P/B against its own 10 years 2.03%

10-year low 10-year high

Dividends

Payout Ratio 0.29

Annual Dividend Rate 0.06

Annual Dividend Yield 5.94%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.01	0.03 0.03
2025	0.03	0.02 0.03
2024	0.03	0.03 0.02
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	559	427	238	303
Receivables	98	98	180	319
Inventory	—	—	—	—
Other	81	85	115	133
	764	635	569	801

	2023	2024	2025	Q'26
Payables	—	—	—	—
ST’ Debt	19	27	7	70
Other	—	—	—	—
	193	203	271	366

Compound Annual Growth %

	10y	5y	3y
Sales	—	4.16%	11.88%
Cash Flow	—	0.00%	(32.02%)
Earnings	—	0.00%	(2.62%)
Book Value	—	0.00%	2.16%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	180	213	—	—	—
’25	104	117	137	211	569
’24	98	93	100	89	380
’23	88	94	94	95	371
’22	102	105	109	91	406
’21	135	145	121	102	503
’20	94	96	125	125	464

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	35
’24	—	—	—	—	60
’23	—	—	—	—	57
’22	—	—	—	—	111
’21	—	—	—	—	(172)
’20	—	—	—	—	(119)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	31	31
’24	—	—	—	30	30
’23	—	—	—	55	55
’22	—	—	—	109	109
’21	—	—	—	(178)	(178)
’20	—	—	—	(123)	(123)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.04	0.05	—	—	—
’25	0.04	0.05	0.06	0.06	0.22
’24	0.03	0.03	0.04	0.04	0.13
’23	0.02	0.01	0.01	0.02	0.06
’22	0.04	0.08	0.06	0.04	0.22
’21	(0.60)	(0.38)	(0.19)	(0.03)	(0.91)
’20	(0.04)	0.00	(0.05)	(0.15)	(0.87)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	1.19	0.90	0.98	0.94	1.08	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	11.77	3.36	3.34	1.53	2.18
People
People	Employees	—	—	—	—	4,291	5,010	2,719	2,960	3,057	3,018
	Revenue/emp, $m	—	—	0.00	0.00	0.11	0.10	0.15	0.13	0.12	0.19
Income, $m
Income, $m	Revenue	—	—	36	223	464	503	406	371	380	569
	Gross margin, %	—	—	80.71	79.32	75.49	67.11	63.62	54.55	52.57	51.15
	EBT	—	—	(28)	(26)	(94)	(282)	91	23	49	78
	EBT margin, %	—	—	(78.79)	(11.85)	(20.27)	(55.99)	22.51	6.24	13.01	13.66
	Net income	—	0	(32)	(47)	(102)	(247)	88	23	48	81
	Depreciation	—	—	0	1	2	3	3	2	2	2
Per share, $
Per share, $	Revenue	—	—	0.09	0.56	3.95	1.68	1.04	0.98	1.04	1.57
	Earnings	—	—	(0.01)	(0.02)	(0.87)	(0.91)	0.22	0.06	0.13	0.23
	Cash flow	—	—	(0.08)	(0.22)	(1.01)	(0.58)	0.28	0.15	0.16	0.10
	Capex	—	—	0.00	0.00	(0.03)	(0.02)	0.00	0.00	(0.08)	(0.01)
	Free cash flow	—	—	(0.08)	(0.22)	(1.05)	(0.59)	0.28	0.15	0.08	0.08
	Book value	—	—	0.10	0.56	(2.16)	2.09	1.76	1.71	1.80	2.04
	Shares, m	—	—	394	394	117	299	392	377	365	362
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	14.09	16.97	8.43	9.05
	P/S	—	—	2.40	2.40	2.40	0.82	3.13	1.06	1.13	1.21
	P/B	—	—	0.00	0.00	0.00	0.66	1.84	0.61	0.66	0.93
	EV/Sales	—	—	1.72	1.72	1.72	(0.24)	1.63	(0.39)	0.08	0.80
	EV/FCF	—	—	0.00	0.00	0.00	0.00	0.00	1.06	1.87	2.03
Cash, $m
Cash, $m	Operating cash flow	—	—	(32)	(85)	(119)	(172)	111	57	60	35
	Capex	—	—	(1)	(2)	(4)	(6)	(2)	(2)	(30)	(4)
	Free cash flow	—	—	(32)	(85)	(123)	(178)	109	55	30	31
Balance, $m
Balance, $m	Working capital	—	—	41	228	500	594	662	571	432	299
	Total debt	—	—	3	6	10	9	2	23	29	9
	Net debt	—	—	(56)	(188)	(376)	(533)	(610)	(536)	(399)	(229)
	Shareholders’ equity	—	—	41	221	(254)	624	691	646	657	737
Returns, %
Returns, %	ROA	—	—	(67.95)	(28.17)	(30.94)	(35.07)	10.47	2.73	5.75	8.57
	ROIC	—	—	0.00	0.00	0.00	(201.69)	53.52	(0.54)	5.90	6.53
	ROE	—	—	48.17	91.33	94.85	(146.61)	13.41	3.52	7.73	11.67

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AIG American International Group, Inc.	$41.4B	14.7×	11.0×	−0.08% (below 0%: shrinking)	−10.50% (below 0%: shrinking)	+23.36% (above 0%: growing)	32.04%	19.25%	Compare
HIG The Hartford Insurance Group, Inc.	$36.0B	8.7×	10.0×	+8.14% (above 0%: growing)	+35.53% (above 0%: growing)	+4.24% (above 0%: growing)	43.81%	17.64%	Compare
ACGL Arch Capital Group Ltd.	$33.9B	7.8×	9.1×	−10.45% (below 0%: shrinking)	−7.58% (below 0%: shrinking)	+17.63% (above 0%: growing)	37.57%	25.90%	Compare
AEG Aegon NV	$12.2B	— (loss-making)	8.9×	−53.52% (below 0%: shrinking)	−86.85% (below 0%: shrinking)	+30.41% (above 0%: growing)	14.93%	(11.60%)	Compare
BNT Brookfield Wealth Solutions Ltd.	$10.9B	42.5×	—	+38.85% (above 0%: growing)	−80.05% (below 0%: shrinking)	+154.51% (above 0%: growing)	26.99%	10.58%	Compare
PLGO Pelagos Insurance Capital Limited	$2.1B	6.1×	5.8×	+10.30% (above 0%: growing)	+194.44% (above 0%: growing)	+92.57% (above 0%: growing)	15.54%	10.68%	Compare
XZO Exzeo Group, Inc.	$1.5B	17.0×	13.1×	+3.02% (above 0%: growing)	−5.49% (below 0%: shrinking)	−59.20% (below 0%: shrinking)	63.75%	49.26%	Compare
IGIC International General Insurance Holdings Ltd.	$1.0B	9.9×	8.3×	+8.70% (above 0%: growing)	−36.36% (below 0%: shrinking)	−54.63% (below 0%: shrinking)	23.60%	4.88%	Compare
WDH Waterdrop Inc. Unsponsored ADR	$283.5M	4.8×	6.5×	+82.47% (above 0%: growing)	0.00%	+117.24% (above 0%: growing)	62.90%	7.68%
Median of peers	$11.6B	9.9×	9.1×	+5.58%	−9.04%	+20.50%	29.52%	14.16%

All 11 Insurance Diversified stocks →

Waterdrop Inc. Unsponsored ADR (WDH) key facts

Strength: Waterdrop Inc. Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $568.8 million, up 49.8% from fiscal 2024.
Waterdrop Inc. Unsponsored ADR (WDH) is an Insurance Diversified company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, WDH traded at $1.01, a market capitalization of $283.5 million.
Waterdrop Inc. Unsponsored ADR pays an annual dividend of $0.06 per share, a yield of 5.94%, with a payout ratio of 28.6%.
Return on equity was 11.7% and debt-to-equity 0.09.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.