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.
Powered by 
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 112.01 Bn | 104.24 Bn | 9.27 Bn | 13.99% |
| 2 | Valero Energy | 107.72 Bn | 99.85 Bn | 5.47 Bn | 11.68% |
| 3 | Phillips 66 | 102.68 Bn | 98.59 Bn | 8.38 Bn | -74.35% |
| 4 | HF Sinclair | 19.04 Bn | 16.78 Bn | 1.57 Bn | 11.24% |
| 5 | Sunoco | 10.45 Bn | 9.67 Bn | 1.46 Bn | 4.09% |
| 6 | PBF Energy | 8.96 Bn | 8.06 Bn | 1.15 Bn | 10.89% |
| 7 | Ultrapar Holdings | 7.64 Bn | 5.53 Bn | 912.61 Mn | 14.59% |
| 8 | Icahn Enterprises | 4.53 Bn | 2.56 Bn | 198.00 Mn | -102.66% |
| 9 | Delek US Holdings | 4.41 Bn | 3.78 Bn | 365.10 Mn | 7.40% |
| 10 | Cvr Energy | 4.34 Bn | 3.60 Bn | 117.00 Mn | 2.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.59% |
| Mar 31, 2026 | 12.23% |
| Dec 31, 2025 | 10.23% |
| Sep 30, 2025 | 6,746.59% |
| Jun 30, 2025 | 9.81% |
| Mar 31, 2025 | 9.79% |
| Dec 31, 2024 | 12.28% |
| Jun 30, 2024 | 13.22% |
| Mar 31, 2024 | 10.10% |
| Dec 31, 2023 | 12.73% |
| Jun 30, 2023 | 9.01% |
| Mar 31, 2023 | 2.18% |
| Dec 31, 2022 | 3.88% |
| 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% |