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WDH Financials Waterdrop Inc.

7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 5.6% per year over the past 5 years.
  • Operating margin has expanded, at 9.3% in the latest year.

Shareholder returns

  • Dividends have been paid for 2 consecutive years, consuming 22.9% of earnings and 60.9% of free cash flow.
  • The dividend has declined 17.8% per year over the past 5 years.
Revenue & net income
-CN¥2B CN¥1B CN¥4B CN¥0 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-58% -18% 22% 0% 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-40% 3% 46% 0% 2019 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-CN¥1B -CN¥189M CN¥754M CN¥0 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
CN¥0 CN¥787M CN¥2B 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-CN¥1B CN¥451M CN¥2B CN¥0 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 CN¥4.0B CN¥569M 0.0% 9.3% 11.0% 8.0% CN¥214M — CN¥483M
2024 CN¥2.8B CN¥368M 0.0% 6.4% 7.7% 5.7% CN¥219M — CN¥986M
2023 CN¥2.6B CN¥167M 0.0% -0.3% 3.6% 2.7% CN¥393M — CN¥397M
2022 CN¥2.8B CN¥608M 0.0% 17.1% 12.8% 10.3% CN¥754M — CN¥1.6B
2021 CN¥3.2B -CN¥1.6B 0.0% -58.1% -39.6% -30.0% -CN¥1.1B — CN¥818M
2020 CN¥3.0B -CN¥664M 0.0% -16.4% 40.1% -14.1% -CN¥804M — CN¥1.1B
2019 CN¥1.5B -CN¥322M 0.0% -12.9% 45.5% — -CN¥546M — CN¥964M

Frequently asked questions

Is WDH growing its revenue and profit?

Over the past 5 years, Waterdrop Inc.'s revenue has grown 5.6% per year. These are computed facts, not advice.

How much debt does WDH have?

As of FY2025, Waterdrop Inc. reported — of total debt against CN¥483M of cash.

What is WDH's profit margin?

In FY2025, gross margin was —, operating margin 9.3%, and net margin 14.3%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.