Ultrapar Holdings (UGP) Gross Margin (2009 - 2026)
Ultrapar Holdings (UGP) posted Gross Margin of 11.12% for Q2 2026, up 4.80 percentage points from 6.32% a year earlier and up 2.49 percentage points from the prior quarter.
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Analysis
Ultrapar Holdings (UGP) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Ultrapar Holdings was 6.88%, down 3.32 percentage points year-over-year; for FY2025, it came in at 6.57%, down 0.68 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +1.17 percentage points (FY2020 to FY2025).
- In prior years, Ultrapar Holdings' Gross Margin was 7.26% in FY2024 (-0.14 pp), 7.39% in FY2023 (+2.27 pp), 5.12% in FY2022 (+0.65 pp) and 4.47% in FY2021 (-0.93 pp).
- The Q2 2026 figure stands as the highest quarterly Gross Margin since Q3 2022.
- On a year-over-year basis, Gross Margin increased in two of the last six quarters, with an average year-over-year change of +0.69 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q2 2026, with a gain of 4.80 percentage points; the weakest was Q2 2023, with a drop of 3.22 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 8.64% (Q1 2026), 6.85% (Q4 2025) and 0.01% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 103.92 Bn | 76.72 Bn | 12.69 Bn | 22.47% |
| 2 | Valero Energy | 98.70 Bn | 70.56 Bn | 9.41 Bn | 20.41% |
| 3 | HF Sinclair | 17.12 Bn | 9.40 Bn | 3.15 Bn | 29.03% |
| 4 | Sunoco | 8.45 Bn | 5.30 Bn | 1.56 Bn | 8.65% |
| 5 | PBF Energy | 7.96 Bn | 3.45 Bn | 2.17 Bn | 17.89% |
| 6 | Ultrapar Holdings | 5.80 Bn | -1.43 Bn | 912.61 Mn | 11.12% |
| 7 | Delek US Holdings | 3.90 Bn | 1.39 Bn | 365.10 Mn | 8.93% |
| 8 | Cvr Energy | 3.81 Bn | 775.98 Mn | 783.00 Mn | 23.86% |
| 9 | Icahn Enterprises | 3.40 Bn | -2.86 Bn | - | - |
| 10 | Bw Lpg | 3.31 Bn | 2.29 Bn | - | - |
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% |
| Sep 30, 2024 | 18.25% |
| 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 | 6.82% |
| Sep 30, 2022 | 12.43% |
| Jun 30, 2022 | 8.88% |
| Mar 31, 2022 | 6.12% |
| Dec 31, 2021 | 5.98% |
| Sep 30, 2021 | 10.58% |
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();