WDH Class A Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares)
NYSE · Insurance · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 28, 2026
$1.03
· of 52w range
· above low
· to high
$0.9652w low
$2.0352w high
Market Cap
$3.72B
P/E
6.9
EPS
$0.15
Revenue
$3.98B
your badges
52W Range
$1–$2
Analyst Rating
STRONG BUY
Price Target
$2
P/E
6.9
ROE
11.4%
Net Profit Margin
14.3%
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WDH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.03
Market Cap
$3.72B
P/E
6.9
EPS
$0.15
Revenue
$3.98B
Div Yield
3.5%
ROE
11.4%
Debt/Equity
0.0
52W Range
$1–$2
WDH Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$3.98B2019-12-31 → 2025-12-31
EPS$0.152020-12-31 → 2025-12-31
Free Cash Flow$214M2021-12-31 → 2025-12-31
Net margin14.3%2021-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | WDH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 6.95Y avg ≈14.1 | ≈14.1 | 32.5 | Undervalued | |
| P/S | 0.95Y avg ≈2.2 | ≈2.2 | 10.4 | Undervalued | |
| P/B | 0.75Y avg ≈1.4 | ≈1.4 | 5.7 | Undervalued | |
| EV / EBITDA | 7.45Y avg ≈-20.5 | ≈-20.5 | · | · | |
| Price / FCF | 17.35Y avg ≈14.8 | ≈14.8 | · | · | |
| Price / Cash Flow | 15.25Y avg ≈11.9 | ≈11.9 | · | · | |
| EV / Revenue | 0.75Y avg ≈0.8 | ≈0.8 | · | · | |
| EV / FCF | 12.85Y avg ≈12.5 | ≈12.5 | · | · | |
| Price / Tangible Book | 0.85Y avg ≈1.5 | ≈1.5 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | WDH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin | 9.3%5Y avg ≈-5.1% | ≈-5.1% | -7.0% | Top tier | |
| EBITDA Margin | 9.3%5Y avg ≈-5.1% | ≈-5.1% | -6.1% | Top tier | |
| Pretax Margin | 13.7%5Y avg ≈-0.11% | ≈-0.11% | -12.0% | Top tier | |
| Net Profit Margin | 14.3%5Y avg ≈1.3% | ≈1.3% | -11.5% | Top tier | |
| ROA | 8.4%5Y avg ≈-0.75% | ≈-0.75% | -3.2% | Top tier | |
| ROE | 11.4%5Y avg ≈-19.8% | ≈-19.8% | -2.0% | Top tier | |
| ROIC | 7.4%5Y avg ≈-4.1% | ≈-4.1% | -4.6% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | WDH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.05Y avg ≈0.0 | ≈0.0 | 0.1 | Low debt | |
| Current Ratio | 2.15Y avg ≈3.7 | ≈3.7 | 1.3 | Strong liquidity | |
| Quick Ratio | 1.25Y avg ≈2.6 | ≈2.6 | 1.0 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | WDH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.65Y avg ≈0.5 | ≈0.5 | 1.0 | Weak | |
| Receivables Turnover | 4.05Y avg ≈4.3 | ≈4.3 | 6.2 | Weak | |
| Revenue / Employee | ≈$1.3M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield3.5%
Payout Ratio22.9%
Annualized Payout≈$0.06
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Apr 24, 2026 | $0.03 | USD | ≈1.8% |
| Apr 11, 2025 | $0.02 | USD | ≈6.6% |
| Oct 11, 2024 | $0.02 | USD | ≈4.5% |
| Apr 18, 2024 | $0.04 | USD | ≈3.3% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
19.8%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Sep 8, 2026 | $0.34 | — | — |
| March 31, 2026 | Jun 8, 2026 | $0.27 | — | — |
| Sept. 30, 2025 | $0.06 | $0.04 | 64.9% | |
| June 30, 2025 | $0.06 | $0.04 | 70.9% | |
| March 31, 2025 | $0.00 | $0.04 | -100.0% | |
| Dec. 31, 2024 | $0.04 | $0.03 | 43.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $3.98B | $2.77B | $2.63B | $2.80B | $3.21B | $3.03B | |
| R&D Expense | $233M | $217M | $299M | $291M | $379M | $244M | |
| SG&A Expense | $310M | $368M | $402M | $389M | $531M | $407M | |
| Operating Expenses | $3.61B | $2.59B | $2.64B | $2.32B | $5.07B | $3.52B | |
| Operating Income | $371M | $178M | $-7M | $478M | $-1.86B | $-496M | |
| Interest Income | $136M | $149M | $136M | $82M | $49M | $27M | |
| Other Non-op | $37M | $25M | $31M | $67M | $10M | $8M | |
| Pretax Income | $543M | $361M | $164M | $631M | $-1.80B | $-614M | |
| Income Tax | $-22M | $10M | $555.0K | $23M | $-221M | $50M | |
| Net Income | $569M | $368M | $167M | $608M | $-1.57B | $-664M | |
| EPS (Basic) | $0.16 | $0.10 | $0.04 | $0.15 | $-0.58 | $-0.94 | |
| EPS (Diluted) | $0.15 | $0.10 | $0.04 | $0.15 | $-0.58 | $-0.94 | |
| Shares (Basic) | 3,615,328,154 | 3,650,504,339 | 3,769,679,736 | 3,921,388,720 | 2,990,507,749 | 1,174,583,516 | |
| Shares (Diluted) | 3,713,518,076 | 3,719,776,955 | 3,880,861,496 | 4,022,467,160 | 2,990,507,749 | 1,174,583,516 | |
| EBITDA | $371M | $178M | $-7M | $478M | $-1.86B | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $483M | $986M | $397M | $1.57B | $818M | $1.06B | |
| Short-term Investments | $531M | $1.61B | $3.00B | $2.13B | $1.97B | $1.19B | |
| Receivables | $1.26B | $716M | $693M | $676M | $644M | $540M | |
| Prepaid Expense | $251M | $183M | $190M | $342M | $370M | $651M | |
| Current Assets | $3.98B | $4.64B | $5.43B | $5.69B | $5.03B | $4.53B | |
| PP&E (Net) | $256M | $240M | $34M | $31M | $45M | $29M | |
| PP&E (Gross) | $342M | $314M | $100M | $87M | $83M | $51M | |
| Accum. Depreciation | $86M | $74M | $66M | $56M | $38M | $22M | |
| Goodwill | $81M | $81M | $81M | $3M | $3M | $3M | |
| Intangibles | $177M | $153M | $177M | $57M | $57M | $53M | |
| Total Assets | $7.10B | $6.45B | $6.15B | $5.92B | $5.25B | $4.71B | |
| Accrued Liabilities | · | · | · | $28M | $72M | $0 | |
| Short-term Debt | $47M | $198M | $138M | · | · | · | |
| Current Liabilities | $1.89B | $1.48B | $1.37B | $1.12B | $1.25B | $1.27B | |
| Deferred Tax | $44M | $84M | $73M | $30M | $14M | $226M | |
| Total Liabilities | $1.95B | $1.58B | $1.47B | $1.16B | $1.28B | $1.52B | |
| Total Debt | $47M | $198M | $138M | · | · | · | |
| Common Stock | $143.0K | $139.0K | $139.0K | $135.0K | $134.0K | $41.0K | |
| Paid-in Capital | $6.73B | $6.83B | $7.00B | $7.38B | $7.33B | · | |
| Retained Earnings | $-1.63B | $-2.19B | $-2.56B | $-2.73B | $-3.33B | $-1.67B | |
| Treasury Stock | $16.0K | $15.0K | $12.0K | $3.0K | · | · | |
| AOCI | $44M | $160M | $144M | $108M | $-21M | $15M | |
| Stockholders' Equity | $5.15B | $4.80B | $4.59B | $4.77B | $3.97B | $-1.66B | |
| Liabilities + Equity | $7.10B | $6.45B | $6.15B | $5.92B | $5.25B | $4.71B | |
| Shares Outstanding | 3,608,834,920 | 3,624,773,740 | 3,701,622,010 | 3,909,945,660 | 3,942,801,610 | 1,203,526,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Stock-based Comp | $52M | $87M | $134M | $112M | $226M | $228M | |
| Deferred Tax | $-22M | $8M | $-2M | $22M | $-225M | $50M | |
| Amort. of Intangibles | $129.0K | $128.0K | $138.0K | $139.0K | $186.0K | $173.0K | |
| Operating Cash Flow | $244M | $437M | $407M | $766M | $-1.10B | $-777M | |
| CapEx | $30M | $218M | $14M | $12M | $36M | $27M | |
| Investing Cash Flow | $-225M | $292M | $-1.17B | $-140M | $-847M | $-1.22B | |
| Dividends Paid | $130M | $159M | · | · | · | · | |
| Financing Cash Flow | $-374M | $-199M | $-377M | $-57M | $2.12B | $2.05B | |
| Net Change in Cash | $-375M | $533M | $-1.12B | $606M | $162M | $29M | |
| Taxes Paid | $362.0K | $2M | $1M | $2M | $3M | $704.0K | |
| Free Cash Flow | $214M | $219M | $393M | $754M | $-1.13B | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Operating Margin | 9.3% | 6.4% | -0.26% | 17.1% | -58.1% | · | |
| Net Margin | 14.3% | 13.3% | 6.4% | 21.7% | -49.1% | · | |
| Pretax Margin | 13.7% | 13.0% | 6.2% | 22.5% | -56.0% | · | |
| EBITDA Margin | 9.3% | 6.4% | -0.26% | 17.1% | -58.1% | · | |
| ROA | 8.4% | 5.8% | 2.8% | 10.9% | -31.6% | · | |
| ROE | 11.4% | 7.8% | 3.6% | 13.9% | -135.9% | · | |
| ROIC | 7.4% | 3.5% | -0.14% | 9.7% | -41.1% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 2.1 | 3.1 | 4.0 | 5.1 | 4.0 | · | |
| Quick Ratio | 1.2 | 2.2 | 3.0 | 3.9 | 2.7 | · | |
| Debt / Equity | 0.0 | 0.0 | 0.0 | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.4 | 0.4 | 0.5 | 0.6 | · | |
| Receivables Turnover | 4.0 | 3.9 | 3.8 | 4.2 | 5.4 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Book Value / Share | $1.43 | $1.32 | $1.24 | $1.22 | $1.01 | · | |
| Revenue / Share | $1.07 | $0.75 | $0.68 | $0.70 | · | · | |
| Cash Flow / Share | $0.07 | $0.12 | $0.10 | $0.19 | · | · | |
| Cash / Share | $0.13 | $0.27 | $0.11 | $0.40 | $0.21 | · | |
| EPS (TTM) | $0.15 | $0.10 | $0.04 | $0.15 | $-0.58 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.98B | $2.77B | $2.63B | $2.80B | $3.21B | · | |
| Net Income TTM | $569M | $368M | $167M | $608M | $-1.57B | · | |
| Market Cap | $6.86B | $4.28B | $3.85B | $13.02B | $5.44B | · | |
| Enterprise Value | $5.89B | $1.88B | $594M | · | · | · | |
| P/E | 12.7 | 11.8 | 26.0 | 22.2 | -2.4 | · | |
| P/S | 1.7 | 1.5 | 1.5 | 4.6 | 1.7 | · | |
| P/B | 1.3 | 0.9 | 0.8 | 2.7 | 1.4 | · | |
| P / Tangible Book | 1.4 | 0.9 | 0.9 | 2.8 | 1.4 | · | |
| P / Cash Flow | 28.1 | 9.8 | 9.5 | 17.0 | -5.0 | · | |
| P / FCF | 32.0 | 19.5 | 9.8 | 17.3 | -4.8 | · | |
| EV / EBITDA | 15.9 | 10.5 | -88.1 | · | · | · | |
| EV / FCF | 27.5 | 8.6 | 1.5 | · | · | · | |
| EV / Revenue | 1.5 | 0.7 | 0.2 | · | · | · | |
| Dividend Yield | 1.9% | 3.7% | · | · | · | · | |
| Earnings Yield | 7.9% | 8.5% | 3.9% | 4.5% | -42.0% | · | |
| Payout Ratio | 22.9% | 43.2% | · | · | · | · | |
| Annual Payout | $130M | $159M | · | · | · | · |
Per Share
| Metric | Trend | Q4 2025 |
|---|---|---|
| EPS (TTM) | $0.15 |
Valuation (TTM)
| Metric | Trend | Q4 2025 |
|---|---|---|
| Revenue TTM | $3.98B | |
| Net Income TTM | $569M | |
| P/E | 12.7 | |
| Earnings Yield | 7.9% | |
| Annual Payout | $130M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $3.98B | $2.77B | $2.63B | $2.80B | $3.21B |
| Operating Margin % | 9.3% | 6.4% | -0.26% | 17.1% | -58.1% |
| Net Income | $569M | $368M | $167M | $608M | $-1.57B |
| Diluted EPS | $0.15 | $0.10 | $0.04 | $0.15 | $-0.58 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | · | · |
| Current Ratio | 2.1 | 3.1 | 4.0 | 5.1 | 4.0 |
| Quick Ratio | 1.2 | 2.2 | 3.0 | 3.9 | 2.7 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $214M | $219M | $393M | $754M | $-1.13B |
Institutional owners (13F) 42 filers · $27.5M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
42
Value held
$27.5M
New positions
11
Exited positions
6
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 11 (+5 vs prior Q) | 6 (0 vs prior Q) | 7 (0 vs prior Q) | 7 (-2 vs prior Q) | +550K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Boundless Plain Holdings Ltd | $12,978,538 | 11,485,432 | 47.14% | Shares |
| IDG China Capital Fund III Associates L.P. | $6,473,817 | 5,729,041 | 23.51% | Shares |
| MORGAN STANLEY | $3,696,399 | 3,271,149 | 13.42% | Shares |
| Baader Bank Aktiengesellschaft | $1,811,964 | 1,603,508 | 6.58% | Shares |
| Avenir Tech Ltd | $970,898 | 859,202 | 3.53% | Shares |
| IDG China Capital Fund GP III Associates Ltd. | $319,988 | 283,175 | 1.16% | Shares |
| CITADEL ADVISORS LLC | $261,868 | 231,742 | 0.95% | Shares |
| GOLDMAN SACHS GROUP INC | $185,817 | 164,440 | 0.67% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $151,790 | 134,327 | 0.55% | Shares |
| Invesco Ltd. | $110,369 | 97,672 | 0.40% | Shares |
| STATE STREET CORP | $77,203 | 68,321 | 0.28% | Shares |
| MILLENNIUM MANAGEMENT LLC | $69,467 | 61,475 | 0.25% | Shares |
| Cubist Systematic Strategies, LLC | $49,552 | 26,218 | 0.18% | Shares |
| SEI INVESTMENTS CO | $46,131 | 40,824 | 0.17% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $44,490 | 39,372 | 0.16% | Shares |
| Ethos Financial Group, LLC | $43,393 | 38,401 | 0.16% | Shares |
| SmartHarvest Portfolios, LLC | $36,257 | 32,086 | 0.13% | Shares |
| Police & Firemen's Retirement System of New Jersey | $27,086 | 23,970 | 0.10% | Shares |
| Point72 Asia (Singapore) Pte. Ltd. | $22,633 | 11,975 | 0.08% | Shares |
| WELLS FARGO & COMPANY/MN | $22,600 | 20,000 | 0.08% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $21,922 | 19,400 | 0.08% | Shares |
| OVERSEA-CHINESE BANKING Corp Ltd | $21,562 | 19,081 | 0.08% | Shares |
| RHUMBLINE ADVISERS | $17,354 | 15,359 | 0.06% | Shares |
| Ground Swell Capital, LLC | $15,462 | 13,683 | 0.06% | Shares |
| Centiva Capital, LP | $13,931 | 12,328 | 0.05% | Shares |
| Point72 Asset Management, L.P. | $12,110 | 10,717 | 0.04% | Shares |
| XTX Topco Ltd | $11,357 | 10,050 | 0.04% | Shares |
| SBI Securities Co., Ltd. | $6,780 | 6,000 | 0.02% | Shares |
| Tower Research Capital LLC (TRC) | $3,239 | 2,866 | 0.01% | Shares |
| JNBA Financial Advisors | $3,174 | 2,808 | 0.01% | Shares |
| JPMORGAN CHASE & CO | $2,222 | 2,020 | 0.01% | Shares |
| ROYAL BANK OF CANADA | $2,000 | 1,813 | 0.01% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $1,889 | 1,672 | 0.01% | Shares |
| FTB Advisors, Inc. | $338 | 250 | 0.00% | Shares |
| ACADIAN ASSET MANAGEMENT LLC | $332 | 300,169 | 0.00% | Shares |
| FIRST HORIZON CORP | $283 | 250 | 0.00% | Shares |
| GSA CAPITAL PARTNERS LLP | $251 | 222,237 | 0.00% | Shares |
| KELLEHER FINANCIAL ADVISORS | $136 | 120 | 0.00% | Shares |
| SG Americas Securities, LLC | $87 | 77,064 | 0.00% | Shares |
| BlackRock, Inc. | $63 | 56 | 0.00% | Shares |
| HRT FINANCIAL LP | $11 | 10,373 | 0.00% | Shares |
| Caitong International Asset Management Co., Ltd | $2 | 2 | 0.00% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Tencent Holdings Limited, Image Frame Investment (HK) Limited, Tencent Mobility Limited | May 17, 2021 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
WDH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 7 analysts
BUY
Median target
$1.70
+64.7%
3 42.9%
Strong Buy
3 42.9%
Buy
1 14.3%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
4 analysts · 2026-10-02Mean target $1.72 +66.9%
← Below all targets
Current price $1.03
Low$1.25
Mean$1.72
High$2.23
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
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Source: SEC 20-F filed Apr 28, 2026