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.
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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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 113.80 Bn | 106.03 Bn | 9.27 Bn | 17.72% |
| 2 | Valero Energy | 109.10 Bn | 101.23 Bn | 5.47 Bn | 12.30% |
| 3 | Phillips 66 | 103.58 Bn | 99.48 Bn | 8.38 Bn | 16.10% |
| 4 | HF Sinclair | 19.11 Bn | 16.85 Bn | 1.57 Bn | 15.14% |
| 5 | Sunoco | 10.31 Bn | 9.53 Bn | 1.46 Bn | 10.27% |
| 6 | PBF Energy | 8.81 Bn | 7.91 Bn | 1.15 Bn | 9.82% |
| 7 | Ultrapar Holdings | 7.63 Bn | 5.52 Bn | 912.61 Mn | 11.12% |
| 8 | Icahn Enterprises | 4.60 Bn | 2.63 Bn | 198.00 Mn | 6.43% |
| 9 | Cvr Energy | 4.34 Bn | 3.60 Bn | 117.00 Mn | 4.27% |
| 10 | Delek US Holdings | 4.29 Bn | 3.66 Bn | 365.10 Mn | 8.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.12% |
| 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% |
| Jun 30, 2024 | 6.52% |
| Mar 31, 2024 | 6.78% |
| Dec 31, 2023 | 9.18% |
| Jun 30, 2023 | 5.65% |
| Mar 31, 2023 | 5.61% |
| Dec 31, 2022 | 22.64% |
| Sep 30, 2022 | 12.43% |
| Jun 30, 2022 | 8.88% |
| Mar 31, 2022 | 6.12% |
| Dec 31, 2021 | 5.95% |
| Sep 30, 2021 | 10.58% |
| Jun 30, 2021 | 7.69% |
| Mar 31, 2021 | 5.63% |