Ultrapar Holdings (UGP) Research & Development (2009 - 2026)
Ultrapar Holdings' (UGP) quarterly Research & Development came in at -$159.8 million in Q2 2026, down 39.43% year-over-year from -$263.9 million in Q2 2025, and down 26.69% quarter-over-quarter from -$126.2 million in Q1 2026.
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Ultrapar Holdings (UGP) Research & Development (2009 - 2026) Analysis & Trends
Ultrapar Holdings (UGP) has reported Research & Development for 18 consecutive years, with -$159.8 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 39.43% year-over-year to -$159.8 million in Q2 2026; TTM through Jun 2026 was -$520.0 million, a 6.54% increase from a year earlier, with the FY2025 full-year figure at -$467.0 million, down 208.59% from the prior year.
- Research & Development was -$159.8 million for Q2 2026 at Ultrapar Holdings, down from -$126.2 million in the prior quarter.
- Over five years, Research & Development peaked at -$96.2 million in Q1 2022 and troughed at -$494.4 million in Q4 2022.
- A 5-year average of -$147.9 million and a median of -$114.9 million in 2025 frame the typical range for Research & Development.
- Across the five-year window, Research & Development soared 73.81% in 2023 and tumbled 120.59% in 2024, its largest moves.
- Over 5 years, Research & Development stood at -$494.4 million in 2022, then soared by 73.81% to -$129.5 million in 2023, then advanced by 18.27% to -$105.8 million in 2024, then decreased by 16.38% to -$123.2 million in 2025, then decreased by 29.78% to -$159.8 million in 2026.
- The last three Research & Development figures came in at -$159.8 million (Q2 2026), -$126.2 million (Q1 2026), and -$123.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 109.49 Bn | 108.36 Bn | 9.27 Bn | - |
| 2 | Valero Energy | 108.59 Bn | 103.98 Bn | 5.47 Bn | - |
| 3 | HF Sinclair | 18.97 Bn | 16.77 Bn | 1.57 Bn | - |
| 4 | Sunoco | 10.01 Bn | 9.24 Bn | 1.46 Bn | - |
| 5 | PBF Energy | 8.52 Bn | 7.77 Bn | 1.15 Bn | - |
| 6 | Ultrapar Holdings | 8.23 Bn | 6.52 Bn | 912.61 Mn | -159.84 Mn |
| 7 | Cvr Energy | 5.25 Bn | 4.73 Bn | 117.00 Mn | - |
| 8 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | - |
| 9 | Delek US Holdings | 4.49 Bn | 4.10 Bn | 365.10 Mn | - |
| 10 | Par Pacific Holdings | 3.96 Bn | 3.81 Bn | 852.68 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -159.84 Mn |
| Mar 31, 2026 | -126.16 Mn |
| Dec 31, 2025 | -123.16 Mn |
| Sep 30, 2025 | -110.86 Mn |
| Jun 30, 2025 | -114.64 Mn |
| Mar 31, 2025 | -102.66 Mn |
| Dec 31, 2024 | -105.82 Mn |
| Jun 30, 2024 | -233.32 Mn |
| Mar 31, 2024 | -115.07 Mn |
| Dec 31, 2023 | -129.48 Mn |
| Jun 30, 2023 | -105.77 Mn |
| Mar 31, 2023 | -98.40 Mn |
| Dec 31, 2022 | -494.42 Mn |
| Sep 30, 2022 | -107.46 Mn |
| Jun 30, 2022 | -142.66 Mn |
| Mar 31, 2022 | -96.20 Mn |
| Dec 31, 2021 | -535.33 Mn |
| Sep 30, 2021 | -149.81 Mn |
| Jun 30, 2021 | -131.94 Mn |
| Mar 31, 2021 | -75.53 Mn |
API Access
Ultrapar Holdings Research & Development 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=research-and-development&ticker=UGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=UGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();