Ultrapar Participacoes S.A.

UGP Energy Oil & Gas Refining & Marketing

Ultrapar Participacoes S.A.’s revenue for fiscal 2025 (year ended December 2025) was $25.5 billion, up 3.02% from fiscal 2024.

Revenue
+36.7%
EPS
+61.1%
Free cash flow
+873.6%
Total debt
+16.3%

Quarter to June 2026, against a year earlier

5.57 0.03 −0.54%
Market cap
$6.0B
P/E
8.8×
Fwd P/E
—
Dividend yield
6.75%
F-score
5/9
Altman Z
4.05
Beneish M
−2.74
Dividend safety
39/100

Ultrapar Participacoes S.A. (UGP) Gross margin

Alert me on Gross margin

Ultrapar Participacoes S.A.'s gross margin over the twelve months to 30 June 2026 was 8.44%, up 1.9 percentage points from fiscal 2025 (6.57%). Over the past ten years it has ranged from 4.47% (fiscal 2021) to 9.09% (fiscal 2017); the current reading is higher than 27% of that period. That is below the Oil & Gas Refining & Marketing industry median of 10.9% and below the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 6.57% (0.69)
FY2024 7.26% (0.13)
FY2023 7.39% 2.27
FY2022 5.12% 0.65
FY2021 4.47% (2.44)
FY2020 6.91% 0.07
FY2019 6.84% 0.05
FY2018 6.79% (2.30)
FY2017 9.09% 0.03
FY2016 9.06% 0.18

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 11.1% 2.48
Mar 2026 8.64% 1.83
Dec 2025 6.81% 0.12
Sep 2025 6.69% 0.38
42 more quarters

Against its own ten years

Low 4.47% High 9.09%
Ten-year median 6.91%
Current reading's percentile 83

Gross margin against peers

Company Gross margin
DINO HF Sinclair Corporation compare 24.6%
PARR Par Pacific Holdings, Inc. compare 22.2%
DKL Delek Logistics Partners, L.P. compare 17.6%
PBF PBF Energy Inc. compare 15.9%
SUN Sunoco LP compare 10.9%
UGP Ultrapar Participacoes S.A. 8.44%
CVI CVR Energy Inc. compare 7.54%
DK Delek US Holdings, Inc. compare 7.12%
IEP Icahn Enterprises L.P. compare 0.00%
Oil & Gas Refining & Marketing industry median 10.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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