Ultrapar Participações S.A.

Ultrapar Participações S.A.

UGP
Ultrapar Participações S.A.US flagNew York Stock Exchange
5.11
USD
+0.04
- -
5.52BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
25.79
62.07
69.56
31.77
73.12
38.48
76.4
68.13
100.63
131.53
115.06
121.13
132.84
134.98
Basic EPS, GAAP
0.52
1.14
1.38
0.64
1.41
0.49
0.34
0.82
0.78
1.65
2.23
2.14
2.29
2.77
Free Cash Flow per Basic Share
0.39
1.22
1.64
0.35
0.2
0.62
1.86
2.05
1.2
0.48
2.09
1.77
3.22
4.22
Dividend per Share
0.3
0.72
0.76
0.36
0.87
0.34
0.55
0.26
0.65
0.58
0.37
0.76
2.03
1.56
Book Value per Share
1.56
3.52
3.53
1.59
4.77
2.19
4.76
4.76
4.74
4.74
6.04
6.01
7.45
8.21
Tangible Book Value per Share
1.85
4.19
4.3
2.73
6.82
3.15
7.43
7.48
8.25
9.39
10.48
12.63
13.45
13.97
Basic Weighted Avg Shares
2,363
1,091
1,088
2,415
1,084
2,357
1,086
1,087
1,090
1,092
1,095
1,102
1,072
1,080
Sales/Revenue/Turnover
60,940
67,736
75,655
76,740
79,230
90,698
83,005
74,058
109,733
143,635
126,049
133,499
142,370
145,792
Operating Margin (%)
3.44
3.32
3.95
3.91
3.74
2.44
2.44
1.95
1.38
2.2
3.45
3.66
3.41
3.97
Depreciation Expense
779
888
1,003
628
705
812
768
838
921
1,027
1,155
1,213
1,586
1,720
Net Income, GAAP
1,225
1,242
1,503
1,538
1,527
1,150
374
893
850
1,801
2,440
2,363
2,454
2,997
Effective Tax Rate (%)
31.79
31.43
32.68
30.78
34.77
36.06
34.43
32
18.68
18.17
29.65
37.03
27.9
28.48
Profit Margin (%)
2.01
1.83
1.99
2
1.93
1.27
0.45
1.21
0.78
1.25
1.94
1.77
1.72
2.06
Working Capital
4,139
3,810
6,078
7,882
8,480
9,875
9,863
8,248
12,384
5,798
7,419
5,555
7,329
8,316
LT Debt
5,144
4,937
7,808
8,946
10,091
12,936
14,661
15,697
14,675
9,692
10,990
11,551
17,238
16,454
Total Equity
6,547
7,727
7,974
8,476
9,624
9,800
9,835
9,910
10,469
12,175
14,030
15,823
17,731
18,510
Return on Invested Capital (%)
10.87
10.19
11.91
11.05
8.82
5.77
5.13
3.51
4.23
9.46
11.33
10.3
9.73
11.55
Return on Capital (%)
15.04
15.45
17.21
16.66
12.85
8.67
4.9
5.97
6.2
14.52
17.81
14.22
15.05
18.26
Return on Common Equity (%)
33.14
32.95
39.17
40.06
33.88
22.24
7.22
17.27
16.44
34.82
41.38
35.68
33.59
38.69

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,978
4,595
4,668
LT Borrowings
14,143
15,842
15,068
LT Finance Leases
1,371
1,396
1,386
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,068
1,069
1,069
Market Capitalization
23,800
22,491
30,963

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
16,297
19,176
20,796
Cash, Cash Equivalents & STI
4,024
7,027
7,159
Accounts Receivable, Net
3,697
3,704
4,171
Inventories
3,824
4,244
4,546
Total Current Liabilities
8,910
11,847
12,479
Payables & Accruals
4,942
6,571
6,559
ST Debt
2,978
4,595
4,668
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.48%
12.4%
12.05%
Free Cash Flow
80.61%
60.03%
76.93%
Net Income, GAAP
19.17%
28.63%
3.86%
Sales/Revenue/Turnover
7.92%
15.87%
6.64%
Total Cash Common Dividend
29.01%
73.98%
160.55%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30,396
32,344
35,358
35,401
133,499
2025
33,329
34,055
37,034
37,951
142,370
2026
36,752
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.4
0.59
- -
2.14
2025
0.3
1
0.65
0.3
2.29
2026
0.82
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.02
0.29
- -
0.76
2025
0.45
0.01
0.37
1.18
2.03
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Rodrigo de Almeida Pizzinatto
Full Time Employees
9,999
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Address
Brigadeiro Luis AntOnio Avenue, 1343 São Paulo SP Brazil 01317-910
IPO Date
Oct 7, 1999
Business
Ultrapar Participações S.A. (UGP) operates as a diversified holding company primarily engaged in the distribution, logistics, and fuel sectors in Brazil and select international markets. The company, founded in 1937 and headquartered in São Paulo, Brazil, oversees key subsidiaries including Ipiranga (fuel distribution and lubricants under the Ipiranga and other brands), Ultragaz (liquefied petroleum gas or LPG distribution for residential, commercial, and industrial uses), Ultracargo (liquid bulk storage and port logistics services), and Oxiteno (specialty chemicals such as surfactants, oxo alcohols, and performance additives for personal care, agrochemicals, and industrial applications); it also manages fuel storage terminals and provides related transportation services. Ultrapar serves a broad customer base encompassing retail consumers, industrial clients, agricultural sectors, and transportation fleets primarily in Brazil, with chemical operations extending to Latin America, North America, and Europe. In recent developments, Ultrapar completed the acquisition of two fuel distribution terminals in Brazil's Northeast region in late 2024, enhancing its logistics network and storage capacity by approximately 200,000 cubic meters to support growing fuel demand. The company launched expanded sustainable LPG offerings under Ultragaz in early 2025, including bio-LPG blends aimed at reducing carbon emissions for industrial clients, aligning with Brazil's energy transition goals. Additionally, Oxiteno announced a strategic partnership with a North American agrochemical firm in mid-2025 to co-develop eco-friendly surfactants, bolstering its position in sustainable chemicals amid global regulatory shifts.

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