Ultrapar Holdings (UGP) Change in Inventory (2017 - 2026)
Ultrapar Holdings (UGP) posted quarterly Change in Inventory of -$56.4 million for Q1 2026, down 53.09% year-over-year from -$120.3 million in Q1 2025, and up 27.39% quarter-over-quarter from -$77.7 million in Q4 2025.
Ultrapar Holdings (UGP) Change in Inventory (2017 - 2026) Analysis & Trends
Ultrapar Holdings (UGP) has reported Change in Inventory for 10 consecutive years, with -$56.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Change in Inventory fell 53.09% year-over-year to -$56.4 million; the TTM figure through Mar 2026 stood at -$47.1 million (down 149.46% YoY), while the FY2025 annual figure was -$28.1 million, down 143.93% from the prior year.
- Change in Inventory grew to -$56.4 million in Q1 2026 per UGP's latest filing, from -$77.7 million in the prior quarter.
- Across five years, Change in Inventory topped out at $217.7 million in Q1 2023 and bottomed at -$427.5 million in Q2 2022.
- Historically, Change in Inventory has averaged -$12.5 million across 5 years, with a median of -$26.2 million in 2024.
- Annual changes were most pronounced in 2022 — Change in Inventory sank 464.69% — and 2023, when it soared 450.88%.
- Ultrapar Holdings' Change in Inventory stood at -$111.1 million in 2022, then surged by 288.12% to $209.0 million in 2023, then slumped by 31.92% to $142.3 million in 2024, then sank by 154.61% to -$77.7 million in 2025, then grew by 27.39% to -$56.4 million in 2026.
- Business Quant data shows UGP's Change in Inventory at -$56.4 million in Q1 2026, -$77.7 million in Q4 2025, and $41.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.32 Bn | 88.55 Bn | 9.27 Bn | -791.00 Mn |
| 2 | Valero Energy | 95.07 Bn | 87.20 Bn | 5.47 Bn | - |
| 3 | Phillips 66 | 89.44 Bn | 85.34 Bn | 8.38 Bn | -800.00 Mn |
| 4 | HF Sinclair | 15.59 Bn | 13.33 Bn | 1.57 Bn | 45.00 Mn |
| 5 | Sunoco | 10.15 Bn | 9.38 Bn | 1.46 Bn | - |
| 6 | PBF Energy | 8.21 Bn | 7.31 Bn | 1.15 Bn | -184.40 Mn |
| 7 | Cosan | 6.57 Bn | 1.46 Bn | 552.94 Mn | - |
| 8 | Ultrapar Holdings | 6.37 Bn | 4.65 Bn | 603.08 Mn | -56.46 Mn |
| 9 | Icahn Enterprises | 5.05 Bn | 3.08 Bn | 198.00 Mn | - |
| 10 | Delek US Holdings | 3.93 Bn | 3.30 Bn | 365.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -56.43 Mn |
| Mar 31, 2026 | -56.43 Mn |
| Dec 31, 2025 | -77.72 Mn |
| Dec 31, 2025 | -77.72 Mn |
| Sep 30, 2025 | 41.30 Mn |
| Sep 30, 2025 | 41.30 Mn |
| Jun 30, 2025 | 45.75 Mn |
| Jun 30, 2025 | 45.75 Mn |
| Mar 31, 2025 | -36.86 Mn |
| Mar 31, 2025 | -36.86 Mn |
| Dec 31, 2024 | 142.30 Mn |
| Dec 31, 2024 | 142.30 Mn |
| Sep 30, 2024 | -82.14 Mn |
| Sep 30, 2024 | -82.14 Mn |
| Jun 30, 2024 | 71.93 Mn |
| Jun 30, 2024 | 71.93 Mn |
| Mar 31, 2024 | -15.57 Mn |
| Mar 31, 2024 | -15.57 Mn |
| Sep 30, 2023 | 209.02 Mn |
| Sep 30, 2023 | 209.02 Mn |