Ultrapar Holdings (UGP) Operating Margin (2009 - 2026)
Ultrapar Holdings (UGP) posted quarterly Operating Margin of 10.42% for Q1 2026, up 244.0% year-over-year from 3.03% in Q1 2025, and up 22.81% quarter-over-quarter from 8.48% in Q4 2025.
Ultrapar Holdings (UGP) Operating Margin (2009 - 2026) Analysis & Trends
Ultrapar Holdings (UGP) has reported Operating Margin for 18 consecutive years, with 10.42% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 244.0% year-over-year to 10.42%; the TTM figure through Mar 2026 stood at 1716.38% (up 170915.0% YoY), while the FY2025 annual figure was 4.99%, down 86.0% from the prior year.
- Operating Margin rose to 10.42% in Q1 2026 per UGP's latest filing, from 8.48% in the prior quarter.
- Across five years, Operating Margin topped out at 6744.96% in Q3 2025 and bottomed at 1.8% in Q4 2023.
- Historically, Operating Margin has averaged 401.69% across 5 years, with a median of 7.91% in 2025.
- Annual changes were most pronounced in 2024 — Operating Margin tumbled 678 bps — and 2025, when it jumped 674123 bps.
- Ultrapar Holdings' Operating Margin stood at 1.41% in 2022, then decreased by 28 bps to 1.8% in 2023, then jumped by 900 bps to 14.43% in 2024, then slumped by 41 bps to 8.48% in 2025, then gained by 23 bps to 10.42% in 2026.
- Business Quant data shows UGP's Operating Margin at 10.42% in Q1 2026, 8.48% in Q4 2025, and 6744.96% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.62 Bn | 88.86 Bn | 9.27 Bn | 13.99% |
| 2 | Valero Energy | 95.02 Bn | 87.15 Bn | 5.47 Bn | 11.68% |
| 3 | Phillips 66 | 89.79 Bn | 85.69 Bn | 8.38 Bn | -74.35% |
| 4 | HF Sinclair | 15.45 Bn | 13.19 Bn | 1.57 Bn | 11.24% |
| 5 | Sunoco | 10.12 Bn | 9.35 Bn | 1.46 Bn | 4.09% |
| 6 | PBF Energy | 8.20 Bn | 7.31 Bn | 1.15 Bn | 10.89% |
| 7 | Cosan | 6.44 Bn | 1.33 Bn | 552.94 Mn | 31.89% |
| 8 | Ultrapar Holdings | 6.40 Bn | 4.68 Bn | 603.08 Mn | 10.42% |
| 9 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | -102.66% |
| 10 | Delek US Holdings | 3.93 Bn | 3.30 Bn | 365.10 Mn | 7.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.42% |
| Dec 31, 2025 | 8.48% |
| Sep 30, 2025 | 6,744.96% |
| Jun 30, 2025 | 7.91% |
| Mar 31, 2025 | 7.98% |
| Dec 31, 2024 | 14.43% |
| Sep 30, 2024 | 3.73% |
| Jun 30, 2024 | 9.47% |
| Mar 31, 2024 | 8.23% |
| Dec 31, 2023 | -1.80% |
| Sep 30, 2023 | 10.51% |
| Jun 30, 2023 | 7.24% |
| Mar 31, 2023 | -0.44% |
| Dec 31, 2022 | -1.41% |
| Sep 30, 2022 | -0.38% |
| Jun 30, 2022 | -0.37% |
| Mar 31, 2022 | -0.30% |
| Dec 31, 2021 | 0.02% |
| Sep 30, 2021 | 0.05% |
| Jun 30, 2021 | 0.27% |