Waterdrop (WDH) EBT Margin (2020 - 2025)
Waterdrop (WDH) recorded quarterly EBT Margin of 8.53% in Q4 2025, down 50.52% quarter-over-quarter from 17.24% in Q3 2025, and down 507.0% on a YoY basis from 2.1% in Q4 2024.
Waterdrop (WDH) EBT Margin (2020 - 2025) Analysis & Trends
Waterdrop's EBT Margin history runs 6 years deep, the most recent figure standing at 8.53% for Q4 2025.
- In Q4 2025, EBT Margin fell 507.0% year-over-year to 8.53%; the TTM figure through Dec 2025 stood at 13.62% (up 62.0% YoY), while the FY2025 annual figure was 13.66%, up 65.0% from the prior year.
- EBT Margin was 8.53% for Q4 2025 at Waterdrop, down from 17.24% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 26.69% in Q2 2022 to a low of 85.01% in Q2 2021.
- Historically, EBT Margin has averaged 0.81% across 5 years, with a median of 12.53% in 2024.
- The sharpest annual moves came in 2021 and 2022: EBT Margin plunged 8766 bps in 2021, then soared 11170 bps in 2022.
- A 5-year view of EBT Margin shows it stood at 10.92% in 2021, then surged by 271 bps to 18.65% in 2022, then plunged by 42 bps to 10.78% in 2023, then climbed by 26 bps to 13.6% in 2024, then slumped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American International | 39.85 Bn | 1.02 Bn | 2.60 Bn | 16.25% |
| 2 | Hartford Insurance | 35.40 Bn | 26.34 Bn | 2.15 Bn | 17.20% |
| 3 | Arch Capital | 32.21 Bn | 31.30 Bn | 4.02 Bn | 24.53% |
| 4 | Brookfield Wealth Solutions | 9.95 Bn | -3.21 Bn | 4.62 Bn | -0.92% |
| 5 | FIHL | 2.04 Bn | 2.04 Bn | - | - |
| 6 | International General Insurance Holdings | 1.03 Bn | 811.79 Mn | 111.10 Mn | 19.78% |
| 7 | Waterdrop | 632.07 Mn | 560.72 Mn | 129.34 Mn | 8.53% |
| 8 | Sun Life Financial | 48.32 Mn | -8.02 Bn | - | - |
| 9 | Exzeo | 1.16 Mn | -230.22 Mn | 32.74 Mn | 49.68% |
| 10 | Aegon | 5,067.42 | 5,067.42 | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -62.02% |
| Jun 30, 2021 | -85.01% |
| Mar 31, 2021 | -51.18% |