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Ultrapar Participacoes SA ADR (UGP) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

ENERGY · OIL & GAS REFINING & MARKETING · DATA UPDATED 2026-09-12

Ultrapar Participacoes SA ADR (UGP) operates in the OIL & GAS REFINING & MARKETING industry and is headquartered in São Paulo, Brazil with about 11,557 employees. Its market capitalization is roughly $8 billion. In the fiscal year ended 2025-12-31, UGP reported BRL 142.4B in revenue and BRL 2.5B in net income.

Ultrapar Participações S.A., through its subsidiaries, operates in the energy, mobility, and logistics infrastructure sectors in Brazil, the rest of Europe, the United States, Canada, other Latin American countries, Oceania, and internationally.

Interactive charts & full statements → Open the UGP valuation workbench →

UGP Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	BRL 154.2B	BRL 142.4B	BRL 133.5B	BRL 126.0B	BRL 143.6B	BRL 109.7B	BRL 74.1B	BRL 83.0B	BRL 90.7B	BRL 80.0B	BRL 77.4B	BRL 75.7B	BRL 67.7B	BRL 60.9B	BRL 53.9B	BRL 48.7B	BRL 42.5B	BRL 63.0B	BRL 28.3B	BRL 19.9B	BRL 4.8B
Gross Profit	BRL 13.0B	BRL 9.4B	BRL 8.6B	BRL 9.3B	BRL 7.4B	BRL 4.9B	BRL 4.0B	BRL 4.8B	BRL 6.2B	BRL 7.3B	BRL 7.0B	BRL 6.7B	BRL 5.4B	BRL 4.8B	BRL 4.1B	BRL 3.5B	BRL 3.2B	BRL 4.7B	BRL 2.1B	BRL 1.7B	BRL 932M
Gross Margin %	8.4%	6.6%	6.5%	7.4%	5.1%	4.5%	5.4%	5.8%	6.8%	9.1%	9.1%	8.9%	8.0%	7.8%	7.6%	7.2%	7.4%	7.5%	7.5%	8.5%	19.5%
Operating Income (EBIT)	BRL 7.6B	BRL 4.9B	BRL 5.1B	BRL 4.6B	BRL 3.3B	BRL 1.8B	BRL 1.5B	BRL 2.1B	BRL 1.9B	BRL 2.9B	BRL 3.1B	BRL 3.0B	BRL 2.3B	BRL 2.1B	BRL 1.7B	BRL 1.5B	BRL 1.3B	BRL 1.6B	BRL 713M	BRL 486M	BRL 330M
Operating Margin %	5.0%	3.4%	3.8%	3.6%	2.3%	1.6%	2.1%	2.5%	2.1%	3.6%	4.0%	3.9%	3.4%	3.5%	3.2%	3.0%	3.1%	2.5%	2.5%	2.4%	6.9%
Net Income	BRL 3.5B	BRL 2.5B	BRL 2.4B	BRL 2.4B	BRL 1.8B	BRL 850M	BRL 893M	BRL 374M	BRL 1.1B	BRL 1.6B	BRL 1.6B	BRL 1.5B	BRL 1.2B	BRL 1.2B	BRL 1.0B	BRL 849M	BRL 765M	BRL 814M	BRL 390M	BRL 182M	BRL 281M
Net Margin %	2.3%	1.7%	1.8%	1.9%	1.2%	0.8%	1.2%	0.4%	1.3%	2.0%	2.0%	2.0%	1.8%	2.0%	1.9%	1.7%	1.8%	1.3%	1.4%	0.9%	5.9%
EBITDA	BRL 10.3B	BRL 7.8B	BRL 5.1B	BRL 6.4B	BRL 4.5B	BRL 2.8B	BRL 2.6B	BRL 3.2B	BRL 3.6B	BRL 4.2B	BRL 4.6B	BRL 4.2B	BRL 3.5B	BRL 3.1B	BRL 2.6B	BRL 2.3B	BRL 2.1B	BRL 1.6B	BRL 1.3B	BRL 817M	BRL 517M
Earnings Per Share (EPS)	BRL 3.19	BRL 2.24	BRL 2.11	BRL 2.21	BRL 1.64	BRL 0.78	BRL 0.82	BRL 0.16	BRL 0.49	BRL 1.44	BRL 1.43	BRL 1.37	BRL 1.13	BRL 0.52	BRL 0.43	BRL 0.36	BRL 0.71	BRL 0.75	BRL 0.36	BRL 0.27	BRL 0.43
Shares Outstanding (M)	1,094M	1,095M	1,118M	1,105M	1,099M	1,097M	1,093M	2,360M	2,357M	1,091M	1,091M	1,096M	1,099M	2,363M	2,363M	2,363M	1,072M	1,088M	1,073M	684M	651M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

UGP Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	BRL 42.5B	BRL 36.8B	BRL 38.0B	BRL 37.0B	BRL 34.1B	BRL 33.3B	BRL 35.4B	BRL 35.4B
Gross Profit	BRL 4.7B	BRL 3.2B	BRL 2.6B	BRL 2.5B	BRL 2.1B	BRL 2.1B	BRL 2.2B	BRL 2.3B
Gross Margin %	11.1%	8.6%	6.8%	6.7%	6.3%	6.4%	6.1%	6.5%
Operating Income (EBIT)	BRL 3.3B	BRL 1.8B	BRL 1.1B	BRL 1.4B	BRL 1.4B	BRL 983M	BRL 2.1B	BRL 1.1B
Operating Margin %	7.7%	5.0%	3.0%	3.9%	4.1%	2.9%	6.0%	3.0%
Net Income	BRL 1.6B	BRL 876M	BRL 323M	BRL 709M	BRL 1.1B	BRL 333M	BRL 842M	BRL 652M
Net Margin %	3.7%	2.4%	0.9%	1.9%	3.2%	1.0%	2.4%	1.8%
EBITDA	BRL 3.7B	BRL 2.6B	BRL 1.7B	BRL 2.3B	BRL 2.6B	BRL 1.3B	BRL 1.3B	BRL 1.6B
Earnings Per Share (EPS)	BRL 1.45	BRL 0.80	BRL 0.30	BRL 0.64	BRL 0.98	BRL 0.30	BRL 0.76	BRL 0.58
Shares Outstanding (M)	1,094M	1,093M	1,087M	1,108M	1,109M	1,111M	1,108M	1,120M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

UGP Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	BRL 6.4B	BRL 3.5B	BRL 3.7B	BRL 3.9B	BRL 2.0B	BRL 2.6B	BRL 3.1B	BRL 2.9B	BRL 2.9B	BRL 2.3B	BRL 2.5B	BRL 3.2B	BRL 2.7B	BRL 2.1B	BRL 2.5B	BRL 1.7B	BRL 1.5B	BRL 2.9B	BRL 374M	BRL 468M	BRL 383M
Capital Expenditures (CapEx)	BRL 1.5B	BRL 2.0B	BRL 1.8B	BRL 1.3B	BRL 1.2B	BRL 1.3B	BRL 1.2B	BRL 1.2B	BRL 1.4B	BRL 2.1B	BRL 1.7B	BRL 1.4B	BRL 1.3B	BRL 1.2B	BRL 1.4B	BRL 1.1B	BRL 908M	BRL 913M	BRL 930M	BRL 665M	BRL 264M
Free Cash Flow (FCF)	BRL 4.8B	BRL 1.5B	BRL 1.9B	BRL 2.6B	BRL 786M	BRL 1.3B	BRL 2.0B	BRL 1.7B	BRL 1.5B	BRL 215M	BRL 847M	BRL 1.8B	BRL 1.3B	BRL 917M	BRL 1.1B	BRL 639M	BRL 600M	BRL 2.0B	(BRL 556M)	(BRL 197M)	BRL 119M
FCF Margin %	3.1%	1.1%	1.5%	2.0%	0.5%	1.2%	2.7%	2.0%	1.6%	0.3%	1.1%	2.4%	2.0%	1.5%	2.0%	1.3%	1.4%	3.1%	-2.0%	-1.0%	2.5%
Dividends Paid	BRL 1.3B	BRL 2.1B	BRL 834M	BRL 400M	BRL 638M	BRL 706M	BRL 285M	BRL 596M	BRL 809M	BRL 940M	BRL 873M	BRL 832M	BRL 783M	BRL 711M	BRL 549M	BRL 502M	BRL 339M	BRL 424M	BRL 399M	BRL 66M	BRL 148M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

UGP Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	BRL 3.8B	BRL 525M	BRL 1.7B	BRL 328M	BRL 918M	BRL 3M	BRL 2.2B	BRL 780M
Capital Expenditures (CapEx)	BRL 426M	BRL 355M	BRL 676M	BRL 88M	BRL 479M	BRL 382M	BRL 688M	BRL 416M
Free Cash Flow (FCF)	BRL 3.4B	BRL 171M	BRL 1.1B	BRL 240M	BRL 439M	(BRL 379M)	BRL 1.5B	BRL 365M
FCF Margin %	7.9%	0.5%	2.8%	0.7%	1.3%	-1.1%	4.4%	1.0%
Dividends Paid	BRL 9M	BRL 2M	BRL 1.3B	BRL 74M	BRL 10M	BRL 488M	BRL 52M	BRL 320M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

UGP Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	BRL 52.7B	BRL 50.3B	BRL 39.6B	BRL 38.3B	BRL 36.4B	BRL 39.0B	BRL 36.9B	BRL 7.9B	BRL 30.5B	BRL 28.3B	BRL 24.2B	BRL 21.0B	BRL 19.5B	BRL 16.4B	BRL 15.3B	BRL 13.7B	BRL 13.0B	BRL 19.3B	BRL 9.7B	BRL 9.3B	BRL 3.9B
Cash & Cash Equivalents	BRL 4.6B	BRL 3.2B	BRL 2.1B	BRL 5.9B	BRL 5.6B	BRL 2.3B	BRL 2.7B	BRL 526M	BRL 3.9B	BRL 5.0B	BRL 4.3B	BRL 2.7B	BRL 2.8B	BRL 2.3B	BRL 2.0B	BRL 1.8B	BRL 2.6B	BRL 3.3B	BRL 1.3B	BRL 862M	BRL 384M
Total Liabilities	BRL 32.7B	BRL 32.5B	BRL 23.7B	BRL 24.2B	BRL 24.3B	BRL 28.5B	BRL 27.0B	BRL 5.4B	BRL 20.7B	BRL 18.6B	BRL 15.6B	BRL 13.0B	BRL 11.8B	BRL 9.8B	BRL 9.3B	BRL 8.2B	BRL 7.8B	BRL 10.9B	BRL 5.0B	BRL 4.7B	BRL 1.9B
Total Debt (Short + Long-Term)	BRL 18.2B	BRL 20.4B	BRL 14.5B	BRL 12.1B	BRL 12.0B	BRL 16.6B	BRL 17.6B	BRL 13.6B	BRL 15.2B	BRL 13.5B	BRL 11.4B	BRL 1.1B	BRL 5.3B	BRL 4.0B	BRL 3.9B	BRL 4.1B	BRL 3.6B	BRL 3.1B	BRL 2.5B	BRL 2.0B	BRL 815M
Total Shareholders' Equity	BRL 17.9B	BRL 15.7B	BRL 15.2B	BRL 13.5B	BRL 11.7B	BRL 10.1B	BRL 9.5B	BRL 2.4B	BRL 9.4B	BRL 9.4B	BRL 8.6B	BRL 7.9B	BRL 7.7B	BRL 6.5B	BRL 6.0B	BRL 5.6B	BRL 5.2B	BRL 8.4B	BRL 4.7B	BRL 4.6B	BRL 1.9B

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive UGP viewer.

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