Growth Metrics

Waterdrop (WDH) Gross Margin (2020 - 2025)

Historic Gross Margin for Waterdrop (WDH) over the last 6 years, with Q3 2025 value amounting to 51.26%.

  • Waterdrop's Gross Margin fell 3700.0% to 51.26% in Q3 2025 from the same period last year, while for Sep 2025 it was 51.09%, marking a year-over-year decrease of 18000.0%. This contributed to the annual value of 76.12% for FY2024, which is 215700.0% up from last year.
  • Waterdrop's Gross Margin amounted to 51.26% in Q3 2025, which was down 3700.0% from 50.3% recorded in Q2 2025.
  • Waterdrop's 5-year Gross Margin high stood at 68.5% for Q1 2022, and its period low was 32.53% during Q2 2021.
  • Its 5-year average for Gross Margin is 45.36%, with a median of 52.85% in 2024.
  • Per our database at Business Quant, Waterdrop's Gross Margin plummeted by -831500bps in 2021 and then surged by 976600bps in 2022.
  • Waterdrop's Gross Margin (Quarter) stood at 60.09% in 2021, then fell by -2bps to 59.0% in 2022, then dropped by -8bps to 54.18% in 2023, then decreased by -2bps to 52.85% in 2024, then fell by -3bps to 51.26% in 2025.
  • Its Gross Margin stands at 51.26% for Q3 2025, versus 50.3% for Q2 2025 and 50.35% for Q1 2025.