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WDHWaterdrop Inc.
$1.02$37M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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WDH logo

Waterdrop Inc.

WDH
NYSE · Diversified Insurance
$1.02
At close - Oct 23, 4:00 PM EDT - USD
Market Cap$37M
P/E0.5x
52W High$2.03
Volume158.92K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2025Q2

Underwriting Efficiency Gains Mask Regulatory Commission Risks

Waterdrop has demonstrated a successful strategic pivot toward higher-value insurance products, evidenced by a 23.9% year-over-year revenue growth in 2025Q2 and an improved combined ratio of 88.4%. While the company maintains a robust capital base with $5.0 bi...

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

WDH price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

-97% Peers

P/E is 97% below peer median

03

Market leadership

RS 32 · Lag

Laggard (Underperforming 68% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Dec 9

Market performance

Price History →

Trailing total returns as of 10/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
WDH-43.16%
S&P 500 (^GSPC)+11.24%
1-Year Return
WDH-39.66%
S&P 500 (^GSPC)+13.13%
3-Year Return
WDH+14.04%
S&P 500 (^GSPC)+82.06%
5-Year Return
WDH-47.75%
S&P 500 (^GSPC)+65.00%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
0.5x
Forward P/E
1.1x
EV/EBITDA0th %ile
-2.2x
FCF YieldCash Flow
85.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
0.5x
2.2x
25th· Low
EV/EBITDA
-2.2x
30.0x
0th· Low
Price/FCF
1.2x
1.8x
50th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$3.87B+39.6% YoY
Net income
$553M+50.6% YoY
Free cash flow
$214M-2.1% YoY
Operating margin
9.3%+2.9 pts YoY
ROIC (TTM)6.6%
Avg ROIC 5Y-
ROE (TTM)11%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate4/12 (50%)
Revenue Beat Rate7/12 (70%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Sep 8, 2026
$0.05
vs —
$213M+0.1%
vs $213M
Q3 2026
Jun 16, 2026
$0.04
vs —
$180M+0.4%
vs $179M
Q2 2026
Mar 25, 2026
$0.06+55.4%
vs $0.04
$202M+71.4%
vs $118M
Q4 2025
Dec 3, 2025
$0.06+58.2%
vs $0.04
$136M+12.6%
vs $121M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
PRNewsWire·Oct 15, 2026
Waterdrop Inc. Releases 2025 ESG Report: Empowering Full-Chain Business with AI and Building an Inclusive, Diverse Healthcare Ecosystem

BEIJING, Oct. 15, 2026 /PRNewswire/ -- On October 15, Waterdrop Inc. released its 2025 Environmental, Social and Governance (ESG) Report (hereinafter the "Report"), outlining the Company's practices and achievements over the past year in AI-driven technological innovation, product and service optimization, talent development, and corporate social responsibility. Waterdrop Inc.'s ESG rating has been upgraded to A+, consolidating the Company's position at the forefront of the industry.

Defense World·Oct 7, 2026
Waterdrop Inc. Unsponsored ADR (WDH) to Issue Dividend of $0.03 on November 6th

Waterdrop Inc. Unsponsored ADR (NYSE: WDH - Get Free Report) declared a dividend on Tuesday, September 8th. Investors of record on Friday, October 9th will be given a dividend of $0.03 per share on Friday, November 6th. This represents a yield of 558.0%. The ex-dividend date of this dividend is Friday, October 9th. Waterdrop has a

Seeking Alpha·Sep 8, 2026
Waterdrop Inc. (WDH) Q2 2026 Earnings Call Transcript

Waterdrop Inc. (WDH) Q2 2026 Earnings Call Transcript

MarketBeat·Sep 8, 2026
Waterdrop Q2 Earnings Call Highlights

Waterdrop NYSE: WDH reported second-quarter 2026 revenue of RMB 1.45 billion, up 72.8% from a year earlier, while management said the company remained profitable for its 18th consecutive quarter. Net profit attributable to ordinary shareholders was cited at approximately RMB 130 million in opening remarks, while Finance VP and Head of Strategy and Capital Markets Jieru Li later described attributable net profit as about RMB 126 million.

Filtered for Waterdrop Inc.More Headlines
04

Compare before deciding

Benchmark WDH against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Waterdrop Inc. (WDH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
WDH logoWDHWaterdrop Inc.Current
$1.02$37.47M0.4639.6%14.3%11.04%51.69%
ACMR logoACMRACM Research, Inc.
$50.55$3.24B36.9015.24%14.48%7.24%—
HUYA logoHUYAHUYA Inc.
$2.23$510.45M-30.946.96%-1.6%-2.29%—
ZH logoZHZhihu Inc.
$3.37$274.44M-9.47-26.73%-8.1%-5.47%—
COHN logoCOHNCohen & Company Inc.
$9.20$29.71M2.11269.25%5.65%17.18%—
FUTU logoFUTUFutu Holdings Limited
$99.19$13.84B9.7167.83%48.47%31.32%—

Compare WDH vs Peers

Waterdrop Inc. (WDH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ACMR

Most directly comparable listed peer for WDH.

Scale Benchmark

vs MET

Larger-name benchmark to compare WDH against a more recognizable public peer.

Peer Set

Compare Top 5

vs ACMR, HUYA, ZH, COHN

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WDH Frequently Asked Questions

Waterdrop Inc. (WDH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Waterdrop Inc. growing?

Waterdrop Inc. (WDH) grew revenue by 39.6% over the past year. This is strong growth.

Is WDH profitable?

Yes, Waterdrop Inc. (WDH) is profitable, generating $480.0M in net income for fiscal year 2025 (14.3% net margin).

Dividend & Returns
Does WDH pay dividends?

Yes, Waterdrop Inc. (WDH) pays a dividend with a yield of 51.69%. This makes it attractive for income-focused investors.

What is WDH's return on equity?

Waterdrop Inc. (WDH) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.

Industry Metrics
What is Waterdrop Inc.'s combined ratio?

Waterdrop Inc. (WDH) has a combined ratio of 90.7%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in WDH back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →