Waterdrop Inc（WDH）の財務WDHWaterdrop Inc

Waterdrop Inc. (WDH) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Insurance brokerage income, accounting for 86.8% of total sales, equivalent to CNY 720.61M. Other significant revenue streams include Technical service income and Other revenues. Understanding this composition is critical for investors evaluating how WDH navigates market cycles within the Multiline Insurance & Brokers industry.

Evaluating the bottom line, Waterdrop Inc. maintains a gross margin of 60.81%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 6.44%, while the net margin is 7.91%. These profitability ratios, combined with a Return on Equity (ROE) of 11.21%, provide a clear picture of how effectively WDH converts its operational activities into shareholder value.

In the context of the broader market, WDH competes directly with industry leaders such as KINS and CRD.A. With a market capitalization of $357.36M, it holds a significant position in the sector. When comparing efficiency, WDH's gross margin of 60.81% stands against KINS's N/A and CRD.A's 29.55%. Such benchmarking helps identify whether Waterdrop Inc. is trading at a premium or discount relative to its financial performance.

Waterdrop has shown significant revenue growth, reporting a 64.8% increase in Q1 2026 revenue compared to the previous year, reaching RMB 1.24 billion. However, its net margin has decreased to 7.91% in Q1 2026, down from higher levels in previous quarters, indicating profitability challenges.