Ultrapar Holdings (UGP) Gross Margin (2009 - 2026)
Ultrapar Holdings' (UGP) quarterly Gross Margin came in at 11.12% in Q2 2026, up 480.0% year-over-year from 1.92% in Q2 2025, and up 28.81% quarter-over-quarter from 8.64% in Q1 2026.
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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 11.12% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 480.0% year-over-year to 11.12% in Q2 2026; TTM through Jun 2026 was 6.88%, a 23.0% decrease from a year earlier, with the FY2025 full-year figure at 6.57%, down 68.0% from the prior year.
- Gross Margin was 11.12% for Q2 2026 at Ultrapar Holdings, up from 8.64% in the prior quarter.
- Over five years, Gross Margin peaked at 22.64% in Q4 2022 and troughed at 0.01% in Q3 2025.
- A 5-year average of 8.27% and a median of 6.81% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 1669 bps in 2022 and slumped 1346 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 22.64% in 2022, then slumped by 59 bps to 9.18% in 2023, then decreased by 0 bps to 9.14% in 2024, then slipped by 25 bps to 6.85% in 2025, then soared by 62 bps to 11.12% in 2026.
- The last three Gross Margin figures came in at 11.12% (Q2 2026), 8.64% (Q1 2026), and 6.85% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 109.49 Bn | 108.36 Bn | 9.27 Bn | 17.72% |
| 2 | Valero Energy | 108.59 Bn | 103.98 Bn | 5.47 Bn | 12.30% |
| 3 | HF Sinclair | 18.97 Bn | 16.77 Bn | 1.57 Bn | 15.14% |
| 4 | Sunoco | 10.01 Bn | 9.24 Bn | 1.46 Bn | 10.27% |
| 5 | PBF Energy | 8.52 Bn | 7.77 Bn | 1.15 Bn | 9.82% |
| 6 | Ultrapar Holdings | 8.23 Bn | 6.52 Bn | 912.61 Mn | 11.12% |
| 7 | Cvr Energy | 5.25 Bn | 4.73 Bn | 117.00 Mn | 4.27% |
| 8 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | 6.43% |
| 9 | Delek US Holdings | 4.49 Bn | 4.10 Bn | 365.10 Mn | 8.93% |
| 10 | Par Pacific Holdings | 3.96 Bn | 3.81 Bn | 852.68 Mn | 28.72% |
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 | 0.01% |
| 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% |
API Access
Ultrapar Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=UGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "UGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=UGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();