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Waterdrop Inc. Unsponsored ADR

WDH Financial Insurance Diversified

Waterdrop Inc. Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $568.8 million, up 49.8% from fiscal 2024.

Revenue
+82.5%
EPS
0.00%
Free cash flow
+117.2%
Total debt
+657.5%

Quarter to June 2026, against a year earlier

1.01 0.01 +1.00%
Market cap
$280.7M
P/E
4.8×
Fwd P/E
4.9×
Dividend yield
6.00%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 26.71%

Capital & Financial Ratios $m

Size
Market Cap 280.69
Revenue ttm 741.50
Net income ttm 80.80
Free cash flow ttm 225.47
Net debt Q (231.58)
Valuation
P/E 4.76
Forward P/E 4.86
Price / sales 0.48
Forward P/S Powerpack
Price / FCF 1.59
Price / book 0.46
Financial health
Current ratio Q 2.19
Debt / equity Q 0.09
Interest coverage Q 0.00
Growth
Revenue growth Q +82.47% (above 0%: growing)
Operating income growth Q +20.69% (above 0%: growing)
EPS, this year +345.75% (at or above 15%: strong)
EPS, next year A +36.06% (at or above 15%: strong)
Revenue, next year A +33.49% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +98.64% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 2.82%
10-year low 10-year high
P/S against its own 10 years 2.10%
10-year low 10-year high
P/B against its own 10 years 2.30%
10-year low 10-year high

Dividends

Yield
6.00%
Annual rate
0.06
Payout ratio
28.6%
Growth, 2024–25
−6.25%/yr
  1. 0.03 ’24
  2. 0.03 ’25 −6
  3. 0.01 ’26e −54
paid forecast change on the year, % Powerpack

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%

Earnings Trends EPS, adjusted, against the consensus

Dec 2022 Estimate −0.02 Actual 0.05

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2022 0.03 0.08 Beat by 0.05
Dec 2022 −0.02 0.05 Beat by 0.07

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) (1.45)
Fiscal quarters ending in the months shown.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — 36 223 464 503 406 371 380 569 742 +48.3% 759 1,022 1,205 +28.4%
Gross margin, % — — 80.71 79.32 75.49 67.11 63.62 54.55 52.57 51.15 57.13 (29.6) pt
EBT — — (28) (26) (94) (282) 91 23 49 78 80 n/m
EBT margin, % — — (78.79) (11.85) (20.27) (55.99) 22.51 6.24 13.01 13.66 10.76 +92.5 pt
Net income — 0 (32) (47) (102) (247) 88 23 48 81 81 n/m
Per share, $
Per share, $ Revenue — — 0.43 1.85 3.95 1.68 1.04 0.98 1.04 1.57 2.07 +20.4%
Earnings — — (0.42) (0.56) (1.45) (0.91) 0.22 0.06 0.13 0.23 0.21 n/m
Cash flow — — (0.38) (0.70) (1.01) (0.58) 0.28 0.15 0.16 0.10 0.00 n/m
Capex — — 0.00 0.00 (0.03) (0.02) 0.00 0.00 (0.08) (0.01) 0.00 n/m
Free cash flow — — (0.38) (0.70) (1.05) (0.59) 0.28 0.15 0.08 0.08 0.00 n/m
Book value — — 0.48 1.84 (2.16) 2.09 1.76 1.71 1.80 2.04 2.18 +22.8%
Shares, m — — 84 120 117 299 392 377 365 362 361 +23.2%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 14.09 16.97 8.43 9.05 4.76 6.1
P/S — — 2.40 2.40 2.40 0.82 3.13 1.06 1.13 1.21 0.48 1.8
P/B — — 0.00 0.00 0.00 0.66 1.84 0.61 0.66 0.93 0.46 0.6
EV/Sales — — 1.72 1.72 1.72 (0.24) 1.63 (0.39) 0.08 0.80 — 0.9
EV/FCF — — 0.00 0.00 0.00 0.00 0.00 1.06 1.87 2.03 — 0.6
Cash, $m
Cash, $m Operating cash flow — — (32) (85) (119) (172) 111 57 60 35 263 n/m
Capex — — (1) (2) (4) (6) (2) (2) (30) (4) (38) +20.7%
Free cash flow — — (32) (85) (123) (178) 109 55 30 31 225 n/m
Balance, $m
Balance, $m Working capital — — 41 228 500 594 662 571 432 299 435 +32.9%
Net debt — — (56) (188) (376) (533) (610) (536) (399) (229) (232) +22.2%
Shareholders’ equity — — 41 221 (254) 624 691 646 657 737 783 +51.3%
Returns, %
Returns, % ROA — — (67.95) (28.17) (30.94) (35.07) 10.47 2.73 5.75 8.57 7.69 +76.5 pt
ROIC — — 0.00 0.00 0.00 (201.69) 53.52 (0.54) 5.90 6.53 6.46 +6.5 pt
ROE — — 48.17 91.33 94.85 (146.61) 13.41 3.52 7.73 11.67 10.75 (36.5) pt
People
People Employees — — — — 4,291 5,010 2,719 2,960 3,057 3,018 — (6.8%)
Revenue/emp, $m — — 0.00 0.00 0.11 0.10 0.15 0.13 0.12 0.19 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Waterdrop Inc. Unsponsored ADR vs peers in Insurance Diversified (Q) = latest quarter vs a year earlier

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. $42.3B 13.1× 11.5× +17.19% (above 0%: growing) +71.28% (above 0%: growing) +100.37% (above 0%: growing) 0.00% 0.00% Compare
ACGL Arch Capital Group Ltd. $37.7B 8.8× 9.2× −8.89% (below 0%: shrinking) −15.09% (below 0%: shrinking) −19.60% (below 0%: shrinking) 37.31% 26.42% Compare
HIG The Hartford Insurance Group, Inc. $36.7B 8.2× 9.0× +3.94% (above 0%: growing) +28.27% (above 0%: growing) +67.37% (above 0%: growing) 48.57% 22.62% Compare
AEG Aegon NV $12.6B — (loss-making) 8.4× −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. $12.4B 48.5× — +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 $2.3B 6.7× 7.4× +10.30% (above 0%: growing) +194.44% (above 0%: growing) +92.57% (above 0%: growing) 15.54% 10.68% Compare
XZO Exzeo Group, Inc. $1.6B 17.7× 18.0× +0.04% (above 0%: growing) 0.00% −101.10% (below 0%: shrinking) 62.06% 47.39% Compare
IGIC International General Insurance Holdings Ltd. $1.0B 10.1× 8.3× +8.54% (above 0%: growing) −12.00% (below 0%: shrinking) −54.63% (below 0%: shrinking) 34.54% 14.30% Compare
WDH Waterdrop Inc. Unsponsored ADR $280.7M 4.8× 4.9× +82.47% (above 0%: growing) 0.00% +117.24% (above 0%: growing) 62.90% 7.68%
Median of peers $12.5B 10.1× 9.0× +6.24% −6.00% +48.89% 30.77% 12.49%

All 11 Insurance Diversified stocks →

Waterdrop Inc. Unsponsored ADR (WDH) Latest News

29 Oct

Impact 3 · · Simply Wall St.

15 Oct

Impact 4 · · PR Newswire

10 Sep

Impact 4 · transcript

8 Sep

Impact 4 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·
Impact 3 ·

6 Aug

Impact 3 ·

17 Jun

Impact 3 · · The Motley Fool transcript

16 Jun

Impact 4 ·
Impact 3 · transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·

5 May

Impact 4 · · just-drinks.com

25 Mar

Impact 4 · · MarketBeat
Impact 4 · · PR Newswire
Impact 4 · · PR Newswire

13 Feb

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

12 Feb

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

10 Feb

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

9 Feb

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

5 Feb

Impact 3 · · Simply Wall St.

4 Feb

Impact 3 · · Simply Wall St.

3 Feb

Impact 3 · · Simply Wall St.

2 Feb

Impact 3 · · Simply Wall St.
stockrow.com/WDH · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com