Waterdrop (WDH) Net Margin (2020 - 2025)

Waterdrop has reported Net Margin for 6 years, with the latest figure at 11.49% in Q4 2025.

• For the quarter ending Q4 2025, Net Margin fell 302.0% year-over-year to 11.49%; the trailing twelve-month figure through Dec 2025 stood at 14.26% (up 118.0% YoY), and the FY2025 full-year result was 14.3%, up 104.0% from the prior year.
• Net Margin for Q4 2025 stood at 11.49%, down from 16.17% in the prior quarter.
• The five-year high for Net Margin was 29.97% in Q2 2022, with the low at 74.28% in Q2 2021.
• Average Net Margin over 5 years is 1.11%, with a median of 12.33% recorded in 2024.
• Year-over-year, Net Margin slumped 4203 bps in 2021 and soared 10425 bps in 2022.
• Tracing WDH's Net Margin over 5 years: stood at 11.79% in 2021, then jumped by 253 bps to 18.01% in 2022, then slumped by 50 bps to 8.96% in 2023, then jumped by 62 bps to 14.51% in 2024, then decreased by 21 bps to 11.49% in 2025.
• The last three Net Margin figures came in at 11.49% (Q4 2025), 16.17% (Q3 2025), and 16.73% (Q2 2025), per Business Quant data.

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