Ultrapar Holdings (UGP) Gross Margin (2009 - 2026)
Ultrapar Holdings (UGP) posted quarterly Gross Margin of 8.64% for Q1 2026, up 221.0% year-over-year from 2.69% in Q1 2025, and up 26.13% quarter-over-quarter from 6.85% in Q4 2025.
Ultrapar Holdings (UGP) Gross Margin (2009 - 2026) Analysis & Trends
Ultrapar Holdings (UGP) has reported Gross Margin for 18 consecutive years, with 8.64% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 221.0% year-over-year to 8.64%; the TTM figure through Mar 2026 stood at 1714.74% (up 170987.0% YoY), while the FY2025 annual figure was 6.57%, down 68.0% from the prior year.
- Gross Margin improved to 8.64% in Q1 2026 per UGP's latest filing, from 6.85% in the prior quarter.
- Across five years, Gross Margin topped out at 6743.42% in Q3 2025 and bottomed at 2.33% in Q3 2024.
- Historically, Gross Margin has averaged 403.82% across 5 years, with a median of 6.61% in 2022.
- Annual changes were most pronounced in 2023 — Gross Margin sank 1346 bps — and 2025, when it soared 674109 bps.
- Ultrapar Holdings' Gross Margin stood at 22.64% in 2022, then slumped by 59 bps to 9.18% in 2023, then dropped by 0 bps to 9.14% in 2024, then declined by 25 bps to 6.85% in 2025, then rose by 26 bps to 8.64% in 2026.
- Business Quant data shows UGP's Gross Margin at 8.64% in Q1 2026, 6.85% in Q4 2025, and 6743.42% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.01 Bn | 88.24 Bn | 9.27 Bn | 17.72% |
| 2 | Valero Energy | 94.89 Bn | 87.01 Bn | 5.47 Bn | 12.30% |
| 3 | Phillips 66 | 89.41 Bn | 85.31 Bn | 8.38 Bn | 16.10% |
| 4 | HF Sinclair | 15.53 Bn | 13.27 Bn | 1.57 Bn | 15.14% |
| 5 | Sunoco | 10.15 Bn | 9.37 Bn | 1.46 Bn | 10.27% |
| 6 | PBF Energy | 8.16 Bn | 7.27 Bn | 1.15 Bn | 9.82% |
| 7 | Cosan | 6.53 Bn | 1.42 Bn | 552.94 Mn | 31.01% |
| 8 | Ultrapar Holdings | 6.40 Bn | 4.68 Bn | 603.08 Mn | 8.64% |
| 9 | Icahn Enterprises | 5.04 Bn | 3.07 Bn | 198.00 Mn | 6.43% |
| 10 | Delek US Holdings | 3.92 Bn | 3.29 Bn | 365.10 Mn | 8.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.64% |
| Dec 31, 2025 | 6.85% |
| Sep 30, 2025 | 6,743.42% |
| Jun 30, 2025 | 6.32% |
| Mar 31, 2025 | 6.43% |
| Dec 31, 2024 | 9.14% |
| Sep 30, 2024 | 2.33% |
| Jun 30, 2024 | 6.52% |
| Mar 31, 2024 | 6.78% |
| Dec 31, 2023 | 9.18% |
| Sep 30, 2023 | 8.82% |
| Jun 30, 2023 | 5.65% |
| Mar 31, 2023 | 5.61% |
| Dec 31, 2022 | 22.64% |
| Sep 30, 2022 | 4.56% |
| Jun 30, 2022 | 5.41% |
| Mar 31, 2022 | 6.61% |
| Dec 31, 2021 | 5.95% |
| Sep 30, 2021 | 2.31% |
| Jun 30, 2021 | 5.24% |