Ultrapar Holdings (UGP) Return on Capital Employed [ROCE] (2009 - 2026)
Ultrapar Holdings' Return on Capital Employed [ROCE] came in at 16.20% for Q2 2026, down 6.77 percentage points from 22.97% a year earlier but up 4.80 percentage points from the prior quarter.
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Analysis
Ultrapar Holdings (UGP) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Ultrapar Holdings' Return on Capital Employed [ROCE] was 3.48%, down 13.49 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of -1.84 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 16.97% in FY2024 (-0.25 pp), 17.22% in FY2023 (+3.39 pp), 13.83% in FY2022 (+6.97 pp) and 6.87% in FY2021 (+1.55 pp).
- The five-year range for quarterly Return on Capital Employed [ROCE] is 9.26% (Q4 2025) to 35.60% (Q4 2022).
- Year-over-year, Return on Capital Employed [ROCE] has declined for three consecutive quarters, with an average year-over-year change of -2.91 percentage points over the last six quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2022 (a gain of 25.89 percentage points), and the weakest in Q4 2023 (a drop of 18.32 percentage points).
- Business Quant data shows UGP's Return on Capital Employed [ROCE] at 11.40% (Q1 2026), 9.26% (Q4 2025) and 11.71% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 137.97 Bn | 121.73 Bn | 9.27 Bn | 22.14% |
| 2 | Valero Energy | 134.23 Bn | 111.17 Bn | 5.47 Bn | 22.42% |
| 3 | HF Sinclair | 23.03 Bn | 17.20 Bn | 1.57 Bn | 17.43% |
| 4 | PBF Energy | 10.79 Bn | 8.35 Bn | 1.15 Bn | 19.21% |
| 5 | Sunoco | 10.43 Bn | 4.80 Bn | 1.46 Bn | 7.59% |
| 6 | Ultrapar Holdings | 8.35 Bn | 1.76 Bn | 912.61 Mn | 16.32% |
| 7 | Cvr Energy | 6.36 Bn | 3.93 Bn | 117.00 Mn | 12.69% |
| 8 | Delek US Holdings | 4.96 Bn | 2.45 Bn | 365.10 Mn | 14.06% |
| 9 | Icahn Enterprises | 4.49 Bn | -1.27 Bn | - | - |
| 10 | Par Pacific Holdings | 4.36 Bn | 3.68 Bn | 852.68 Mn | 38.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.20% |
| Mar 31, 2026 | 11.40% |
| Dec 31, 2025 | 9.26% |
| Sep 30, 2025 | 19.46% |
| Jun 30, 2025 | 31.95% |
| Mar 31, 2025 | 33.41% |
| Dec 31, 2024 | 34.45% |
| Sep 30, 2024 | 23.51% |
| Jun 30, 2024 | 15.33% |
| Mar 31, 2024 | 14.18% |
| Dec 31, 2023 | 31.28% |
| Jun 30, 2023 | 11.59% |
| Mar 31, 2023 | 13.61% |
| Dec 31, 2022 | 12.86% |
| Sep 30, 2022 | 13.52% |
| Jun 30, 2022 | 4.79% |
| Mar 31, 2022 | 0.44% |
| Dec 31, 2021 | 0.74% |
| Sep 30, 2021 | 5.96% |
| Jun 30, 2021 | 5.46% |
API Access
Ultrapar Holdings Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=UGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=UGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();