Ultrapar Holdings (UGP) Operating Margin (2009 - 2026)
Ultrapar Holdings' (UGP) quarterly Operating Margin came in at 7.25% in Q2 2026, up 317.0% year-over-year from 1.74% in Q2 2025, and up 45.43% quarter-over-quarter from 4.98% in Q1 2026.
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Analysis
Ultrapar Holdings (UGP) Operating Margin (2009 - 2026) Analysis & Trends
Ultrapar Holdings (UGP) has reported Operating Margin for 18 consecutive years, with 7.25% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 317.0% year-over-year to 7.25% in Q2 2026; TTM through Jun 2026 was 3.94%, a 210.0% decrease from a year earlier, with the FY2025 full-year figure at 0.76%, down 304.0% from the prior year.
- Operating Margin was 7.25% for Q2 2026 at Ultrapar Holdings, up from 4.98% in the prior quarter.
- Over five years, Operating Margin peaked at 14.33% in Q4 2024 and troughed at 0.0% in Q3 2025.
- A 5-year average of 4.57% and a median of 3.01% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 1039 bps in 2022 and plunged 1148 bps in 2025, its largest moves.
- Over 5 years, Operating Margin stood at 10.36% in 2022, then tumbled by 48 bps to 5.41% in 2023, then jumped by 165 bps to 14.33% in 2024, then slumped by 80 bps to 2.85% in 2025, then soared by 154 bps to 7.25% in 2026.
- The last three Operating Margin figures came in at 7.25% (Q2 2026), 4.98% (Q1 2026), and 2.85% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 109.49 Bn | 108.36 Bn | 9.27 Bn | 13.99% |
| 2 | Valero Energy | 108.59 Bn | 103.98 Bn | 5.47 Bn | 11.68% |
| 3 | HF Sinclair | 18.97 Bn | 16.77 Bn | 1.57 Bn | 11.24% |
| 4 | Sunoco | 10.01 Bn | 9.24 Bn | 1.46 Bn | 4.09% |
| 5 | PBF Energy | 8.52 Bn | 7.77 Bn | 1.15 Bn | 10.89% |
| 6 | Ultrapar Holdings | 8.23 Bn | 6.52 Bn | 912.61 Mn | 7.25% |
| 7 | Cvr Energy | 5.25 Bn | 4.73 Bn | 117.00 Mn | 2.85% |
| 8 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | -102.66% |
| 9 | Delek US Holdings | 4.49 Bn | 4.10 Bn | 365.10 Mn | 7.40% |
| 10 | Par Pacific Holdings | 3.96 Bn | 3.81 Bn | 852.68 Mn | 21.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.25% |
| Mar 31, 2026 | 4.98% |
| Dec 31, 2025 | 2.85% |
| Sep 30, 2025 | 0.00% |
| Jun 30, 2025 | 4.08% |
| Mar 31, 2025 | 2.82% |
| Dec 31, 2024 | 14.33% |
| Jun 30, 2024 | 2.78% |
| Mar 31, 2024 | 3.13% |
| Dec 31, 2023 | 5.41% |
| Jun 30, 2023 | 1.73% |
| Mar 31, 2023 | 2.18% |
| Dec 31, 2022 | 10.36% |
| Sep 30, 2022 | 5.90% |
| Jun 30, 2022 | 2.89% |
| Mar 31, 2022 | 2.35% |
| Dec 31, 2021 | -0.03% |
| Sep 30, 2021 | 3.75% |
| Jun 30, 2021 | 0.13% |
| Mar 31, 2021 | 2.65% |
API Access
Ultrapar Holdings Operating 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=operating-margin&ticker=UGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=UGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();