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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. 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.

1.01 0.00 0.00%
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% (at or above 15%: strong)
Next Y EPS Growth 36.06% (at or above 15%: strong)
Next Y revenue growth 32.69% (at or above 10%: strong)
Next 5Y EPS Growth 98.88% (at or above 15%: strong)

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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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. $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.

Source: company filings (standardised) and stockrow calculations.

Waterdrop Inc. Unsponsored ADR (WDH) Latest News

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stockrow.com/WDH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com