Waterdrop Inc. (WDH) Stock Analysis

Company Overview

Waterdrop Inc. (WDH) is capitalised at $362.89M on the latest close. The company sits in the Financial Services sector, in the Insurance - Diversified industry. Headcount on file is 3,018.

The 52-week range on file runs from $0.96 to $2.03. WDH last closed at $1.01 on October 21, 2026. The close was unchanged from the previous session. The latest close sits 5.21% above that 52-week low.

Financial Health

In fiscal 2025, Waterdrop Inc. reported revenue of $3.98B. Against the prior fiscal year total of $2.77B, that is a change of +43.51%. The same year closed with net income of $568.94M. That is +54.81% against the prior fiscal year. Profit margin runs at 10.73%. That is 2.3 percentage points below the Insurance - Diversified median of 13.06%. Earnings per share on a trailing basis come to 0.2.

Across the 4 fiscal years on file, revenue moves from $2.80B in 2022 to $3.98B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 5.05 times earnings. That is 60% below the Insurance - Diversified median of 12.63. On forward earnings the ratio is 6.15. The price-to-sales ratio is 0.07. On price-to-sales that is 0 times the Insurance - Diversified median of 1.43. The medians here are taken across 12 Insurance - Diversified companies that report the metric.

The trailing one-year total return is −43.19%. Across 5 years the annualized return works out at −13.61%. Beta against the wider market is reported at −0.24. Daily returns over the trailing 5 years annualize to a volatility of 58.57%.

Growth & Income

The trailing dividend yield is 5.94%. That is 3.6 percentage points above the Insurance - Diversified median yield of 2.36%. At the indicated rate that is $0.06 a share a year. The ex-dividend date on file is October 9, 2026. Dividends are recorded for 3 calendar years; 2026 shows 1 payments totalling $0.03 a share. The year before, 2025, totalled $0.02 a share.

2026 is still running; the total return is −45.88% year to date. Across the complete calendar years on file, 2022 returned +141.30% and 2023 returned −68.77%. Of the 4 complete calendar years on file, 3 finished higher.