Waterdrop (WDH) EBIT Margin (2020 - 2025)
Waterdrop (WDH) recorded quarterly EBIT Margin of 5.94% in Q4 2025, down 49.07% quarter-over-quarter from 11.67% in Q3 2025, and down 177.0% on a YoY basis from 7.72% in Q4 2024.
Waterdrop (WDH) EBIT Margin (2020 - 2025) Analysis & Trends
Waterdrop's EBIT Margin history runs 6 years deep, the most recent figure standing at 5.94% for Q4 2025.
- In Q4 2025, EBIT Margin fell 177.0% year-over-year to 5.94%; the TTM figure through Dec 2025 stood at 9.3% (up 289.0% YoY), while the FY2025 annual figure was 9.19%, up 277.0% from the prior year.
- EBIT Margin was 5.94% for Q4 2025 at Waterdrop, down from 11.67% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 22.23% in Q2 2022 to a low of 86.8% in Q2 2021.
- Historically, EBIT Margin has averaged 4.25% across 5 years, with a median of 6.26% in 2024.
- The sharpest annual moves came in 2021 and 2022: EBIT Margin sank 8786 bps in 2021, then surged 10903 bps in 2022.
- A 5-year view of EBIT Margin shows it stood at 12.24% in 2021, then surged by 188 bps to 10.72% in 2022, then slumped by 62 bps to 4.04% in 2023, then soared by 91 bps to 7.71% in 2024, then retreated by 23 bps to 5.94% in 2025.
- The last three EBIT Margin figures came in at 5.94% (Q4 2025), 11.67% (Q3 2025), and 11.62% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American International | 39.85 Bn | 1.02 Bn | 2.60 Bn | 11.73% |
| 2 | Hartford Insurance | 35.40 Bn | 26.34 Bn | 2.15 Bn | 12.03% |
| 3 | Arch Capital | 32.21 Bn | 31.30 Bn | 4.02 Bn | 13.51% |
| 4 | Brookfield Wealth Solutions | 9.95 Bn | -3.21 Bn | 4.62 Bn | 163.95% |
| 5 | FIHL | 2.04 Bn | 2.04 Bn | - | - |
| 6 | International General Insurance Holdings | 1.03 Bn | 811.79 Mn | 111.10 Mn | 12.68% |
| 7 | Waterdrop | 632.07 Mn | 560.72 Mn | 129.34 Mn | 5.94% |
| 8 | Sun Life Financial | 48.32 Mn | -8.02 Bn | - | - |
| 9 | Exzeo | 1.16 Mn | -230.22 Mn | 32.74 Mn | 4.52% |
| 10 | Aegon | 5,067.42 | 5,067.42 | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 5.94% |
| Sep 30, 2025 | 11.67% |
| Jun 30, 2025 | 11.62% |
| Mar 31, 2025 | 10.07% |
| Dec 31, 2024 | 7.71% |
| Sep 30, 2024 | 3.76% |
| Jun 30, 2024 | 7.74% |
| Mar 31, 2024 | 6.58% |
| Dec 31, 2023 | 4.04% |
| Sep 30, 2023 | -0.30% |
| Jun 30, 2023 | -6.14% |
| Mar 31, 2023 | 1.70% |
| Dec 31, 2022 | 10.72% |
| Sep 30, 2022 | 17.17% |
| Jun 30, 2022 | 22.23% |
| Mar 31, 2022 | 17.98% |
| Dec 31, 2021 | -12.24% |
| Sep 30, 2021 | -65.83% |
| Jun 30, 2021 | -86.80% |
| Mar 31, 2021 | -52.70% |