profit from every $100 of sales.
$0$100
Waterdrop
$1.00-0.99% today
-40.5% in 1 year
1-year low $0.971-year high $1.95
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $4.21 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Waterdrop sold, what it kept, and what it did with the cash.
Sales went from CN¥2.80 billion in 2022 to CN¥3.98 billion in 2025, with CN¥569 million of profit last year.
SalesProfit
Waterdrop handed back more cash to shareholders than it generated last year.
Buybacks CN¥91MCN¥130M
Free cash flow 2025CN¥214M
Bought back its own sharesCN¥91M
Paid as dividendsCN¥130M
Cash vs. debtCN¥483M vs. CN¥71M
Waterdrop vs. similar companies
Waterdrop grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Waterdrop | 4.2× · Cheap | ||
 Allianz | 16.3× · Fair price | ||
 Zurich Insurance Group | 16.8× · Fair price | ||
 AXA SA | 9.8× · Cheap | ||
 Assicurazioni Generali | 16.1× · Fair price |
AI analysis
An AI analyst reads Waterdrop's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2,802 | 2,631 | 2,772 | 3,978 | |
| 1,466 | 1,045 | 1,160 | 1,749 | |
| 478 | -7 | 178 | 371 | |
| 501 | 7 | 190 | 385 | |
| 608 | 167 | 368 | 569 | |
| 1.50 | 0.40 | 1.00 | 1.50 | |
| 52.3% | 39.7% | 41.8% | 44.0% | |
| 17.1% | -0.3% | 6.4% | 9.3% | |
| 21.7% | 6.4% | 13.3% | 14.3% |
Balance sheet
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 5,922 | 6,149 | 6,454 | 7,101 |
| Cash | 1,574 | 397 | 986 | 483 |
| Total debt | 14 | 198 | 244 | 71 |
| Total liabilities | 1,156 | 1,470 | 1,580 | 1,949 |
| 4,766 | 4,586 | 4,797 | 5,152 | |
| 402 | 388 | 372 | 371 | |
| 7.9% | -0.1% | 2.8% | 5.6% | |
| 12.8% | 3.6% | 7.7% | 11.0% |
Cash flow
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 766 | 407 | 437 | 244 | |
| 12 | 14 | 218 | 30 | |
| 754 | 393 | 219 | 214 | |
| Dividends paid | 0 | 0 | 159 | 130 |
| 67 | 526 | 107 | 91 | |
| 112 | 134 | 87 | 52 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 4.2×
- 5.5×
- –
- 0.5×
- 0.6×
- 23.7%
- 5.4%
Profitability
- 14.3%
- 5.8%
- 4.1%
- 11.3%
- 8.0%
Growth
- +12.4%
- +0.0%
- –
- −2.6%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 44%of 749
Bottom 26%of 604
Top 3%of 872
Top 40%of 883
Top 27%of 931
What analysts expect
- Average price target
- $2.00
- Range
- $2.00 – $2.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Mar 25, 2026 | 0.06 | 0.04 | +55.4% |
| Dec 3, 2025 | 0.06 | 0.04 | +58.2% |
| Sep 4, 2025 | 0.06 | 0.19 | −68.4% |
| Jun 5, 2025 | 0.05 | 0.04 | +25.0% |
| Mar 12, 2025 | 0.04 | 0.03 | +46.0% |
| Dec 11, 2024 | 0.06 | 0.03 | +100.0% |
| Sep 4, 2024 | 0.00 | – | – |
| Mar 26, 2024 | 0.00 | – | – |
5.4%of the share price, paid each year
On $1,000 invested$54a year at today's yield, before tax
–per share
Raised–not every year
Paid per share, each year
$0.06 in 2024 → $0.05 in 2025
How safe it looks
22.9% of its profit
Room to growStretchedMore than it earns: 60.9%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
52No pass
Benjamin Graham
95Pass
Philip Fisher
47No pass
Peter Lynch
39No pass
Joel Greenblatt
60Pass
Charlie Munger
46No pass
Terry Smith
32No pass
Questions about Waterdrop
Is Waterdrop a good stock to buy?
A solid business, and the price looks low. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Waterdrop AI analysis
What does Waterdrop do?
Waterdrop Inc., through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. It is in Insurance - Diversified.
Does Waterdrop pay a dividend?
Yes. At today's price the dividend is 5.4% a year, about 23% of its yearly profit. In 2025 it paid out $130 million in dividends.
Is Waterdrop stock halal?
No. Waterdrop does not pass our halal screen: its main business, conventional insurance, is not permitted. How we check
How has Waterdrop stock done over the past year?
Down 40.5% over the past twelve months, to $1.00. It traded between $0.97 and $1.95 and is 48.7% below its high.
Who are Waterdrop's competitors?
The largest listed companies in the same industry are Allianz, Zurich Insurance Group, AXA SA and Assicurazioni Generali. The peers table on this page compares their profit, growth and price with Waterdrop's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.