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Ultrapar Participações stock: key metrics
UGPUltrapar Participações had an operating margin of 3.4% and a return on invested capital (ROIC) of 11.8% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 19.5% | 6.9% | 5.9% |
| 2007 | 8.5% | 2.4% | 0.9% |
| 2008 | 7.5% | 2.5% | 1.4% |
| 2009 | 7.5% | 2.5% | 1.3% |
| 2010 | 7.4% | 3.1% | 1.8% |
| 2011 | 7.2% | 3.0% | 1.7% |
| 2012 | 7.6% | 3.2% | 1.9% |
| 2013 | 7.8% | 3.5% | 2.0% |
| 2014 | 8.0% | 3.4% | 1.8% |
| 2015 | 8.9% | 3.9% | 2.0% |
| 2016 | 9.1% | 4.0% | 2.0% |
| 2017 | 9.1% | 3.6% | 2.0% |
| 2018 | 6.8% | 2.1% | 1.3% |
| 2019 | 5.8% | 2.5% | no data |
| 2020 | 5.4% | 2.1% | no data |
| 2021 | 4.5% | 1.6% | 0.8% |
| 2022 | 5.1% | 2.3% | 1.3% |
| 2023 | 7.4% | 3.6% | 1.9% |
| 2024 | 6.5% | 3.8% | 1.8% |
| 2025 | 6.6% | 3.4% | 1.7% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 14.6% | 11.5% | 7.2% |
| 2007 | 4.0% | 8.7% | 2.0% |
| 2008 | 8.4% | 11.8% | 4.0% |
| 2009 | 9.7% | 15.6% | 4.2% |
| 2010 | 14.9% | 9.8% | 5.9% |
| 2011 | 15.3% | 13.6% | 6.2% |
| 2012 | 16.9% | 13.6% | 6.6% |
| 2013 | 18.8% | 22.1% | 7.5% |
| 2014 | 16.1% | 14.3% | 6.4% |
| 2015 | 18.9% | 15.8% | 7.2% |
| 2016 | 18.3% | 15.5% | 6.5% |
| 2017 | 16.8% | 11.9% | 5.6% |
| 2018 | 12.2% | 6.9% | 3.8% |
| 2019 | no data | 11.5% | no data |
| 2020 | no data | 7.9% | no data |
| 2021 | 8.4% | 6.4% | 2.2% |
| 2022 | 15.4% | 12.6% | 4.9% |
| 2023 | 18.1% | 15.9% | 6.4% |
| 2024 | 15.6% | 13.3% | 6.0% |
| 2025 | 15.7% | 11.8% | 4.9% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = R$5.6169)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 26 Jun 2026)
- Valuation signal Fairly valued since 8 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.