Waterdrop (WDH) Equity Ratio (2020 - 2025)

Waterdrop's Equity Ratio history runs 6 years deep, the most recent figure standing at 0.73 for Q4 2025.

• In Q4 2025, Equity Ratio fell 2.4% year-over-year to 0.73; the TTM figure through Dec 2025 stood at 0.73 (down 2.4% YoY), while the FY2025 annual figure was 0.73, down 2.4% from the prior year.
• Equity Ratio was 0.73 for Q4 2025 at Waterdrop, down from 0.75 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.81 in Q2 2022 to a low of 0.48 in Q1 2021.
• Historically, Equity Ratio has averaged 0.69 across 5 years, with a median of 0.76 in 2023.
• The sharpest annual moves came in 2021 and 2023: Equity Ratio surged 314.88% in 2021, then dropped 7.33% in 2023.
• A 5-year view of Equity Ratio shows it stood at 0.76 in 2021, then climbed by 6.35% to 0.8 in 2022, then fell by 7.33% to 0.75 in 2023, then fell by 0.33% to 0.74 in 2024, then decreased by 2.4% to 0.73 in 2025.
• The last three Equity Ratio figures came in at 0.73 (Q4 2025), 0.75 (Q1 2025), and 0.74 (Q4 2024), per Business Quant data.