Ultrapar Holdings (UGP) Return on Capital Employed [ROCE] (2009 - 2026)
Ultrapar Holdings' Return on Capital Employed [ROCE] came in at 16.32% for Q2 2026, down 14.86 percentage points from 31.18% a year earlier but up 4.81 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 22.97%, up 4.49 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased in each of the last seven years, with a five-year change of +17.55 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 18.48% in FY2024 (+1.04 pp), 17.44% in FY2023 (+3.16 pp), 14.28% in FY2022 (+7.26 pp) and 7.02% in FY2021 (+1.60 pp).
- The five-year range for quarterly Return on Capital Employed [ROCE] is 0.43% (Q1 2022) to 34.59% (Q4 2024).
- Year-over-year, Return on Capital Employed [ROCE] has declined for three consecutive quarters, with an average year-over-year change of -2.99 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 2024 (a gain of 17.04 percentage points), and the weakest in Q4 2025 (a drop of 25.42 percentage points).
- Business Quant data shows UGP's Return on Capital Employed [ROCE] at 11.52% (Q1 2026), 9.17% (Q4 2025) and 18.90% (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 | 103.92 Bn | 76.72 Bn | 12.69 Bn | 31.53% |
| 2 | Valero Energy | 98.70 Bn | 70.56 Bn | 9.41 Bn | 37.52% |
| 3 | HF Sinclair | 17.12 Bn | 9.40 Bn | 3.15 Bn | 29.57% |
| 4 | Sunoco | 8.45 Bn | 5.30 Bn | 1.56 Bn | 9.76% |
| 5 | PBF Energy | 7.96 Bn | 3.45 Bn | 2.17 Bn | 34.75% |
| 6 | Ultrapar Holdings | 5.80 Bn | -1.43 Bn | 912.61 Mn | 16.32% |
| 7 | Delek US Holdings | 3.90 Bn | 1.39 Bn | 365.10 Mn | 14.06% |
| 8 | Cvr Energy | 3.81 Bn | 775.98 Mn | 783.00 Mn | 18.58% |
| 9 | Icahn Enterprises | 3.40 Bn | -2.86 Bn | - | - |
| 10 | Bw Lpg | 3.31 Bn | 2.29 Bn | - | 13.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.32% |
| Mar 31, 2026 | 11.52% |
| Dec 31, 2025 | 9.17% |
| Sep 30, 2025 | 18.90% |
| Jun 30, 2025 | 31.18% |
| Mar 31, 2025 | 34.54% |
| Dec 31, 2024 | 34.59% |
| Sep 30, 2024 | 24.26% |
| Jun 30, 2024 | 19.91% |
| Mar 31, 2024 | 17.50% |
| Dec 31, 2023 | 17.55% |
| Sep 30, 2023 | 8.88% |
| Jun 30, 2023 | 11.36% |
| Mar 31, 2023 | 13.57% |
| Dec 31, 2022 | 13.17% |
| Sep 30, 2022 | 14.21% |
| Jun 30, 2022 | 4.52% |
| Mar 31, 2022 | 0.43% |
| Dec 31, 2021 | 0.76% |
| Sep 30, 2021 | 5.75% |
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();