UGP
Ultrapar Participacoes SA ADR
NYSE: UGP · ENERGY · OIL & GAS REFINING & MARKETING
$5.78
-1.70% today
Updated 2026-04-29
Market cap
$6.24B
P/E ratio
12.30
P/S ratio
0.04x
EPS (TTM)
$0.47
Dividend yield
5.47%
52W range
$3 – $6
Volume
2.9M
Ultrapar Participacoes SA ADR (UGP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.78B | $19.92B | $28.27B | $63.00B | $42.48B | $48.66B | $53.92B | $60.94B | $67.74B | $75.66B | $77.35B | $80.01B | $90.70B | $83.00B | $74.06B | $109.73B | $143.63B | $126.05B | $133.50B | $139.57B |
| Revenue growth (YoY) | — | +316.5% | +41.9% | +122.9% | -32.6% | +14.5% | +10.8% | +13.0% | +11.2% | +11.7% | +2.2% | +3.4% | +13.4% | -8.5% | -10.8% | +48.2% | +30.9% | -12.2% | +5.9% | +4.5% |
| Cost of revenue | $3.85B | $18.22B | $26.15B | $58.29B | $39.32B | $45.14B | $49.80B | $56.17B | $62.30B | $68.93B | $70.34B | $72.74B | $84.54B | $78.21B | $70.06B | $104.83B | $136.28B | $116.73B | $124.88B | $130.40B |
| Gross profit | $931.94M | $1.70B | $2.12B | $4.72B | $3.16B | $3.52B | $4.12B | $4.77B | $5.43B | $6.72B | $7.01B | $7.27B | $6.16B | $4.80B | $4.00B | $4.90B | $7.36B | $9.32B | $8.62B | $9.18B |
| Gross margin | 19.5% | 8.5% | 7.5% | 7.5% | 7.4% | 7.2% | 7.6% | 7.8% | 8.0% | 8.9% | 9.1% | 9.1% | 6.8% | 5.8% | 5.4% | 4.5% | 5.1% | 7.4% | 6.5% | 6.6% |
| R&D | — | — | — | — | $11.28M | $11.67M | $23.68M | $34.02M | $38.74M | $41.37M | $50.13M | $55.84M | $63.09M | $61.59M | — | — | — | — | — | — |
| SG&A | $283.00M | $690.00M | $553.00M | $1.23B | $759.68M | $793.22M | $913.39M | $1.01B | $1.13B | $1.32B | $1.45B | $1.58B | $1.63B | $1.31B | $993.99M | $1.47B | $1.53B | $2.02B | $1.87B | $4.77B |
| Operating income | $329.60M | $486.06M | $713.40M | $1.60B | $1.32B | $1.45B | $1.71B | $2.14B | $2.29B | $2.96B | $3.11B | $2.87B | $1.90B | $2.05B | $1.55B | $1.79B | $3.34B | $4.57B | $5.07B | $4.50B |
| Operating margin | 6.9% | 2.4% | 2.5% | 2.5% | 3.1% | 3.0% | 3.2% | 3.5% | 3.4% | 3.9% | 4.0% | 3.6% | 2.1% | 2.5% | 2.1% | 1.6% | 2.3% | 3.6% | 3.8% | 3.2% |
| EBITDA | $517.05M | $816.63M | $1.31B | $1.63B | $2.06B | $2.29B | $2.57B | $3.07B | $3.46B | $4.24B | $4.60B | $4.18B | $3.58B | $3.19B | $2.56B | $2.76B | $4.50B | $6.36B | $5.06B | $6.06B |
| EBITDA margin | 10.8% | 4.1% | 4.6% | 2.6% | 4.9% | 4.7% | 4.8% | 5.0% | 5.1% | 5.6% | 5.9% | 5.2% | 3.9% | 3.8% | 3.5% | 2.5% | 3.1% | 5.0% | 3.8% | 4.3% |
| EBIT | $329.60M | $516.06M | $930.40M | $859.39M | $1.53B | $1.71B | $1.88B | $2.29B | $2.57B | $3.24B | $3.50B | $3.47B | $2.76B | $2.42B | $1.72B | $1.83B | $3.47B | $5.20B | $3.85B | $4.50B |
| Interest expense | $0.00 | $221.20M | $329.10M | $779.99M | $531.05M | $618.88M | $435.30M | $484.88M | $729.01M | $979.10M | $1.16B | $1.06B | $874.91M | $254.58M | $148.95M | $827.85M | $1.59B | $1.63B | $1.37B | $2.51B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $281.42M | $181.88M | $390.30M | $814.24M | $765.30M | $848.76M | $1.01B | $1.23B | $1.24B | $1.50B | $1.56B | $1.57B | $1.15B | $373.53M | $893.38M | $850.46M | $1.80B | $2.44B | $2.36B | $2.41B |
| Net income growth (YoY) | — | -35.4% | +114.6% | +108.6% | -6.0% | +10.9% | +19.1% | +21.2% | +1.3% | +21.1% | +3.9% | +0.8% | -26.9% | -67.5% | +139.2% | -4.8% | +111.7% | +35.5% | -3.2% | +1.8% |
| Profit margin | 5.9% | 0.9% | 1.4% | 1.3% | 1.8% | 1.7% | 1.9% | 2.0% | 1.8% | 2.0% | 2.0% | 2.0% | 1.3% | 0.5% | 1.2% | 0.8% | 1.3% | 1.9% | 1.8% | 1.7% |