Waterdrop (WDH) Net Margin (2020 - 2026)
Waterdrop (WDH) posted quarterly Net Margin of 7.92% for Q1 2026, down 644.0% year-over-year from 1.46% in Q1 2025, and down 31.06% quarter-over-quarter from 11.49% in Q4 2025.
Waterdrop (WDH) Net Margin (2020 - 2026) Analysis & Trends
Waterdrop's Net Margin history runs 7 years deep, the most recent figure standing at 7.92% for Q1 2026.
- In Q1 2026, Net Margin fell 644.0% year-over-year to 7.92%; the TTM figure through Mar 2026 stood at 12.47% (down 131.0% YoY), while the FY2025 annual figure was 14.3%, up 104.0% from the prior year.
- Net Margin for Q1 2026 stood at 7.92%, down from 11.49% in the prior quarter.
- The five-year high for Net Margin was 29.5% in Q2 2022, with the low at 3.2% in Q2 2023.
- The 5-year median for Net Margin is 13.18% (2024), against an average of 13.58%.
- The sharpest annual moves came in 2022 and 2023: Net Margin soared 10378 bps in 2022, then tumbled 2631 bps in 2023.
- Waterdrop's Net Margin stood at 18.57% in 2022, then plunged by 52 bps to 8.96% in 2023, then surged by 62 bps to 14.51% in 2024, then fell by 21 bps to 11.49% in 2025, then plunged by 31 bps to 7.92% in 2026.
- Business Quant data shows WDH's Net Margin at 7.92% in Q1 2026, 11.49% in Q4 2025, and 16.25% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,073.67 Bn | 746.69 Bn | 55.86 Bn | 25.31% |
| 2 | Sun Life Financial | 44.06 Bn | 32.82 Bn | - | - |
| 3 | American International | 40.50 Bn | 2.69 Bn | 3.50 Bn | 13.38% |
| 4 | Hartford Insurance | 37.67 Bn | 21.35 Bn | 3.18 Bn | 17.80% |
| 5 | Arch Capital | 34.23 Bn | 33.12 Bn | 2.47 Bn | 22.43% |
| 6 | Aegon | 28.14 Bn | 28.14 Bn | - | -369.83% |
| 7 | Pelagos Insurance Capital | 2.03 Bn | 1.59 Bn | 357.40 Mn | 6.83% |
| 8 | Exzeo | 1.45 Bn | 1.31 Bn | 36.84 Mn | 40.27% |
| 9 | International General Insurance Holdings | 1.14 Bn | 903.35 Mn | -5.60 Mn | 3,778.86% |
| 10 | Waterdrop | 359.77 Mn | 230.46 Mn | 109.06 Mn | 7.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.92% |
| Dec 31, 2025 | 11.49% |
| Sep 30, 2025 | 16.25% |
| Jun 30, 2025 | 16.73% |
| Mar 31, 2025 | 14.35% |
| Dec 31, 2024 | 14.51% |
| Sep 30, 2024 | 13.18% |
| Jun 30, 2024 | 13.06% |
| Mar 31, 2024 | 11.44% |
| Dec 31, 2023 | 8.96% |
| Sep 30, 2023 | 5.35% |
| Jun 30, 2023 | 3.20% |
| Mar 31, 2023 | 8.20% |
| Dec 31, 2022 | 18.57% |
| Sep 30, 2022 | 21.97% |
| Jun 30, 2022 | 29.50% |
| Mar 31, 2022 | 16.18% |
| Dec 31, 2021 | -11.79% |
| Sep 30, 2021 | -61.21% |
| Jun 30, 2021 | -74.28% |