Waterdrop (WDH) Equity Ratio (2020 - 2025)
Waterdrop's quarterly Equity Ratio came in at 0.73 in Q4 2025, down 2.4% year-on-year from 0.74 in Q4 2024, and down 5.41% quarter-over-quarter from 0.77 in Q3 2025.
Waterdrop has reported Equity Ratio for 6 years, with the latest figure at 0.73 in Q4 2025.
- For the quarter ending Q4 2025, Equity Ratio fell 2.4% year-over-year to 0.73; the trailing twelve-month figure through Dec 2025 stood at 0.73 (down 2.4% YoY), and the FY2025 full-year result was 0.73, down 2.4% from the prior year.
- Equity Ratio for Q4 2025 stood at 0.73, down from 0.77 in the prior quarter.
- The five-year high for Equity Ratio was 0.81 in Q2 2022, with the low at 0.73 in Q4 2025.
- Average Equity Ratio over 5 years is 0.77, with a median of 0.76 recorded in 2021.
- Year-over-year, Equity Ratio jumped 314.88% in 2021 and fell 7.33% in 2023.
- Tracing WDH's Equity Ratio over 5 years: stood at 0.76 in 2021, then grew by 6.35% to 0.8 in 2022, then retreated by 7.33% to 0.75 in 2023, then retreated by 0.33% to 0.74 in 2024, then slipped by 2.4% to 0.73 in 2025.
- The last three Equity Ratio figures came in at 0.73 (Q4 2025), 0.77 (Q3 2025), and 0.77 (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | American International | 39.62 Bn | 784.91 Mn | 2.60 Bn | 0.25 |
| 2 | Hartford Insurance | 34.97 Bn | 25.91 Bn | 2.15 Bn | 0.22 |
| 3 | Aegon | 34.55 Bn | 34.55 Bn | - | 0.07 |
| 4 | Arch Capital | 31.37 Bn | 30.45 Bn | 4.02 Bn | 0.30 |
| 5 | Fidelis Insurance Holdings | 2.04 Bn | 2.04 Bn | 386.80 Mn | - |
| 6 | International General Insurance Holdings | 1.03 Bn | 811.79 Mn | 70.90 Mn | 0.31 |
| 7 | Waterdrop | 762.05 Mn | 690.71 Mn | 129.34 Mn | 0.73 |
| 8 | Exzeo | 1.28 Mn | -230.11 Mn | 32.74 Mn | 0.72 |
| 9 | Sun Life Financial | 43.53 | -7.92 Bn | - | 0.06 |
| 10 | Sun Life Financial | - | - | - | 0.06 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.73 |
| Sep 30, 2025 | 0.77 |
| Jun 30, 2025 | 0.77 |
| Mar 31, 2025 | 0.75 |
| Dec 31, 2024 | 0.74 |
| Sep 30, 2024 | 0.74 |
| Jun 30, 2024 | 0.76 |
| Mar 31, 2024 | 0.75 |
| Dec 31, 2023 | 0.75 |
| Sep 30, 2023 | 0.76 |
| Jun 30, 2023 | 0.78 |
| Mar 31, 2023 | 0.80 |
| Dec 31, 2022 | 0.80 |
| Sep 30, 2022 | 0.81 |
| Jun 30, 2022 | 0.81 |
| Mar 31, 2022 | 0.79 |
| Dec 31, 2021 | 0.76 |
| Sep 30, 2021 | 0.75 |
| Jun 30, 2021 | 0.74 |
| Dec 31, 2020 | -0.35 |