Ultrapar Participacoes SA ADR
NYSE: UGP · ENERGY · OIL & GAS REFINING & MARKETING
Updated 2026-06-12
Ultrapar Participacoes SA ADR (UGP) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $383.37M | $468.16M | $373.50M | $2.87B | $1.51B | $1.71B | $2.45B | $2.12B | $2.65B | $3.20B | $2.51B | $2.28B | $2.89B | $2.92B | $3.14B | $2.59B | $2.00B | $3.85B | $3.74B | $3.48B |
| Capital expenditures | $264.06M | $664.95M | $929.60M | $912.86M | $908.45M | $1.07B | $1.36B | $1.20B | $1.31B | $1.41B | $1.67B | $2.06B | $1.42B | $1.24B | $1.15B | $1.28B | $1.22B | $1.29B | $1.79B | $1.97B |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based comp | $-14.27M | $18.70M | $-411.10M | $181.46M | $339.38M | $743.00M | $6.43M | $9.73M | $12.29M | $16.93M | $18.37M | $12.54M | $9.92M | $7.66M | $10.43M | $753.57M | $39.41M | $70.77M | $112.28M | — |
| Free cash flow | $119.31M | $-196.78M | $-556.10M | $1.96B | $599.75M | $638.76M | $1.09B | $916.53M | $1.34B | $1.79B | $847.30M | $214.89M | $1.47B | $1.68B | $1.99B | $1.31B | $785.74M | $2.56B | $1.95B | $1.52B |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | $148.24M | $65.69M | $398.90M | $423.71M | $339.31M | $502.04M | $548.61M | $711.41M | $783.02M | $831.65M | $873.27M | $940.25M | $808.60M | $596.44M | $284.77M | $705.75M | $638.28M | $400.02M | $833.66M | $2.13B |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — |
Frequently asked questions
What is Ultrapar Participacoes SA ADR's revenue?
Ultrapar Participacoes SA ADR's trailing twelve-month revenue is $145.79B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is UGP?
In its most recent fiscal year, UGP ran a gross margin of 6.57%, an operating margin of 3.41%, and a net margin of 1.72%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does UGP generate?
UGP produced $1.52B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is UGP's balance sheet healthy?
UGP holds $3.17B in cash and equivalents against $15.85B in long-term debt, on $15.66B of shareholder equity. That debt is best read against the cash flow the business throws off each year.