Ultrapar Holdings (UGP) Gross Margin (2009 - 2025)
Ultrapar Holdings (UGP) posted annual Gross Margin of 6.57% for FY2025, down 9.41% year-over-year from 7.26% in FY2024.
Ultrapar Holdings (UGP) Gross Margin (2009 - 2025) Analysis & Trends
Ultrapar Holdings (UGP) has reported Gross Margin for 17 consecutive years, with 6.57% the latest figure, recorded in FY2025.
- 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 fell to 6.57% in FY2025 per UGP's latest filing, from 7.26% in the prior year.
- Across five years, Gross Margin topped out at 7.39% in FY2023 and bottomed at 4.47% in FY2021.
- Historically, Gross Margin has averaged 6.31% across 5 years, with a median of 6.58% in 2024.
- Annual changes were most pronounced in 2021 — Gross Margin slumped 93 bps — and 2023, when it surged 227 bps.
- Ultrapar Holdings' Gross Margin stood at 4.47% in 2021, then advanced by 15 bps to 5.12% in 2022, then surged by 44 bps to 7.39% in 2023, then declined by 2 bps to 7.26% in 2024, then fell by 9 bps to 6.57% in 2025.
- Business Quant data shows UGP's Gross Margin at 6.57% in FY2025, 7.26% in FY2024, and 6.58% in FY2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Yr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 104.11 Bn | 96.34 Bn | 9.27 Bn | - |
| 2 | Valero Energy | 102.17 Bn | 94.30 Bn | 5.47 Bn | - |
| 3 | Phillips 66 | 96.58 Bn | 92.48 Bn | 8.38 Bn | - |
| 4 | HF Sinclair | 17.09 Bn | 14.83 Bn | 1.57 Bn | - |
| 5 | PBF Energy | 8.23 Bn | 7.33 Bn | 1.15 Bn | - |
| 6 | Ultrapar Holdings | 7.18 Bn | 5.07 Bn | 912.61 Mn | - |
| 7 | Delek US Holdings | 4.17 Bn | 3.54 Bn | 365.10 Mn | - |
| 8 | Cvr Energy | 3.84 Bn | 3.10 Bn | 117.00 Mn | - |
| 9 | Par Pacific Holdings | 3.63 Bn | 3.44 Bn | 852.68 Mn | - |
| 10 | World Kinect | 1.82 Bn | 1.60 Bn | 365.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 6.57% |
| Dec 31, 2024 | 7.26% |
| Sep 30, 2024 | 6.58% |
| Dec 31, 2023 | 7.39% |
| Sep 30, 2023 | 6.75% |
| Dec 31, 2022 | 5.12% |
| Dec 31, 2021 | 4.47% |
| Dec 31, 2020 | 5.40% |
| Dec 31, 2019 | 5.78% |
| Dec 31, 2018 | 6.51% |
| Dec 31, 2017 | 8.58% |
| Dec 31, 2016 | 9.06% |
| Dec 31, 2015 | 8.88% |
| Dec 31, 2014 | 8.02% |
| Dec 31, 2013 | 7.84% |
| Dec 31, 2012 | 7.65% |
| Dec 31, 2011 | 7.24% |
| Dec 31, 2010 | 7.44% |
| Dec 31, 2009 | 7.21% |