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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
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.