Growth Metrics

Waterdrop (WDH) EBT Margin (2020 - 2025)

Waterdrop's quarterly EBT Margin came in at 8.53% in Q4 2025, down 507.0% year-on-year from 2.1% in Q4 2024, and down 50.52% quarter-over-quarter from 17.24% in Q3 2025.

Waterdrop has reported EBT Margin for 6 years, with the latest figure at 8.53% in Q4 2025.

  • For the quarter ending Q4 2025, EBT Margin fell 507.0% year-over-year to 8.53%; the trailing twelve-month figure through Dec 2025 stood at 13.62% (up 62.0% YoY), and the FY2025 full-year result was 13.66%, up 65.0% from the prior year.
  • EBT Margin for Q4 2025 stood at 8.53%, down from 17.24% in the prior quarter.
  • The five-year high for EBT Margin was 26.69% in Q2 2022, with the low at 22987.81% in Q1 2021.
  • Average EBT Margin over 5 years is 1145.83%, with a median of 12.53% recorded in 2024.
  • Year-over-year, EBT Margin tumbled 669371 bps in 2021 and surged 2301187 bps in 2022.
  • Tracing WDH's EBT Margin over 5 years: stood at 10.92% in 2021, then soared by 271 bps to 18.65% in 2022, then tumbled by 42 bps to 10.78% in 2023, then grew by 26 bps to 13.6% in 2024, then sank by 37 bps to 8.53% in 2025.
  • The last three EBT Margin figures came in at 8.53% (Q4 2025), 17.24% (Q3 2025), and 16.39% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 American International 39.62 Bn 784.91 Mn 2.60 Bn 16.25%
2 Hartford Insurance 34.97 Bn 25.91 Bn 2.15 Bn 17.20%
3 Aegon 34.55 Bn 34.55 Bn - -
4 Arch Capital 31.37 Bn 30.45 Bn 4.02 Bn 24.53%
5 Fidelis Insurance Holdings 2.04 Bn 2.04 Bn 386.80 Mn 16.89%
6 International General Insurance Holdings 1.03 Bn 811.79 Mn 70.90 Mn 17.50%
7 Waterdrop 762.05 Mn 690.71 Mn 129.34 Mn 8.53%
8 Exzeo 1.28 Mn -230.11 Mn 32.74 Mn 49.68%
9 Sun Life Financial 43.53 -7.92 Bn - -
10 Sun Life Financial - - - -

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 8.53%
Sep 30, 2025 17.24%
Jun 30, 2025 16.39%
Mar 31, 2025 15.60%
Dec 31, 2024 13.60%
Sep 30, 2024 12.40%
Jun 30, 2024 13.42%
Mar 31, 2024 12.65%
Dec 31, 2023 10.78%
Sep 30, 2023 5.08%
Jun 30, 2023 1.65%
Mar 31, 2023 7.77%
Dec 31, 2022 18.65%
Sep 30, 2022 20.78%
Jun 30, 2022 26.69%
Mar 31, 2022 24.06%
Dec 31, 2021 -10.92%
Sep 30, 2021 -58.21%
Jun 30, 2021 -85.01%
Mar 31, 2021 -22,987.81%
Dec 31, 2020 -62.76%
Sep 30, 2020 -8.79%
Jun 30, 2020 1.87%
Mar 31, 2020 -16,294.10%