InsiderClue
Stocks · Energy · Natural Gas Distribution

ULTRAPAR HOLDINGS INC

UGP Clue Score42
Brazil Fiscal year ends December CIK 0001094972
$7.90 +1.41% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $7.90 +195.88% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue76.74Operating income0.20Net income1.54EPS, diluted1.41Fiscal year 2017Revenue79.23 +3.2%Operating income0.06Net income1.53 −0.7%EPS, diluted1.40 −0.8%Fiscal year 2018Revenue90.70 +14.5%Net income1.15 −24.6%EPS, diluted1.05 −24.7%Fiscal year 2019Revenue83.00 −8.5%Net income0.37 −67.5%EPS, diluted0.34 −67.5%Fiscal year 2020Revenue74.06 −10.8%Net income0.89 +139.2%EPS, diluted0.82 +138.5%Fiscal year 2021Revenue109.73 +48.2%Net income0.85 −4.8%EPS, diluted0.78 −4.9%Fiscal year 2022Revenue143.63 +30.9%Net income1.80 +111.7%EPS, diluted1.64 +111.4%Fiscal year 2023Revenue126.05 −12.2%Net income2.44 +35.5%EPS, diluted2.21 +34.7%Fiscal year 2024Revenue133.50 +5.9%Net income2.36 −3.2%EPS, diluted2.11 −4.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 76.74 79.23 90.70 83.00 74.06 109.73 143.63 126.05 133.50
Growth +3.2% +14.5% −8.5% −10.8% +48.2% +30.9% −12.2% +5.9%
Operating income 0.20 0.06 n/a n/a n/a n/a n/a n/a n/a
Net income 1.54 1.53 1.15 0.37 0.89 0.85 1.80 2.44 2.36
Growth −0.7% −24.6% −67.5% +139.2% −4.8% +111.7% +35.5% −3.2%
EPS, diluted 1.41 1.40 1.05 0.34 0.82 0.78 1.64 2.21 2.11
Growth −0.8% −24.7% −67.5% +138.5% −4.9% +111.4% +34.7% −4.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin8.5%Operating margin0.3%Net margin2.0%Free cash flow margin1.2%Fiscal year 2017Gross margin8.6%Operating margin0.1%Net margin1.9%Free cash flow margin0.6%Fiscal year 2018Gross margin6.8%Net margin1.3%Free cash flow margin1.9%Fiscal year 2019Gross margin5.8%Net margin0.5%Free cash flow margin2.7%Fiscal year 2020Gross margin5.4%Net margin1.2%Free cash flow margin3.2%Fiscal year 2021Gross margin4.5%Net margin0.8%Free cash flow margin1.4%Fiscal year 2022Gross margin5.1%Net margin1.3%Free cash flow margin0.7%Fiscal year 2023Gross margin7.4%Net margin1.9%Free cash flow margin2.3%Fiscal year 2024Gross margin7.3%Net margin1.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Gross margin 8.5% 8.6% 6.8% 5.8% 5.4% 4.5% 5.1% 7.4% 7.3%
Operating margin 0.3% 0.1% n/a n/a n/a n/a n/a n/a n/a
Net margin 2.0% 1.9% 1.3% 0.5% 1.2% 0.8% 1.3% 1.9% 1.8%
Free cash flow margin 1.2% 0.6% 1.9% 2.7% 3.2% 1.4% 0.7% 2.3% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.99Capital expenditure−1.03Free cash flow0.95Dividends paid−0.87Fiscal year 2017Operating cash flow1.74Capital expenditure−1.30Free cash flow0.44 −54.3%Dividends paid−0.94Fiscal year 2018Operating cash flow2.89Capital expenditure−1.18Free cash flow1.71 +291.6%Dividends paid−0.81Fiscal year 2019Operating cash flow2.92Capital expenditure−0.72Free cash flow2.20 +28.8%Dividends paid−0.60Fiscal year 2020Operating cash flow3.14Capital expenditure−0.75Free cash flow2.39 +8.3%Dividends paid−0.28Fiscal year 2021Operating cash flow2.59Capital expenditure−1.03Free cash flow1.56 −34.8%Dividends paid−0.71Fiscal year 2022Operating cash flow2.00Capital expenditure−0.93Free cash flow1.08 −31.0%Dividends paid−0.64Fiscal year 2023Operating cash flow3.85Capital expenditure−1.01Free cash flow2.84 +163.8%Dividends paid−0.40Fiscal year 2024Operating cash flow3.74Dividends paid−0.83
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow 1.99 1.74 2.89 2.92 3.14 2.59 2.00 3.85 3.74
Capital expenditure −1.03 −1.30 −1.18 −0.72 −0.75 −1.03 −0.93 −1.01 n/a
Free cash flow 0.95 0.44 1.71 2.20 2.39 1.56 1.08 2.84 n/a
Growth −54.3% +291.6% +28.8% +8.3% −34.8% −31.0% +163.8%
Dividends paid −0.87 −0.94 −0.81 −0.60 −0.28 −0.71 −0.64 −0.40 −0.83

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash4.27Shareholders’ equity8.53Fiscal year 2017Cash5.00Shareholders’ equity9.25Fiscal year 2018Cash3.94Shareholders’ equity9.45Fiscal year 2019Cash2.12Shareholders’ equity9.46Fiscal year 2020Cash2.66Total debt14.12Net cash (debt)−11.46Shareholders’ equity9.53Debt to equity1.48Fiscal year 2021Cash2.28Total debt13.51Net cash (debt)−11.23Shareholders’ equity10.07Debt to equity1.34Fiscal year 2022Cash5.62Total debt8.39Net cash (debt)−2.77Shareholders’ equity11.71Debt to equity0.72Fiscal year 2023Cash5.93Total debt9.77Net cash (debt)−3.85Shareholders’ equity13.51Debt to equity0.72Fiscal year 2024Cash2.07Total debt10.75Net cash (debt)−8.68Shareholders’ equity15.16Debt to equity0.71
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash 4.27 5.00 3.94 2.12 2.66 2.28 5.62 5.93 2.07
Total debt n/a n/a n/a n/a 14.12 13.51 8.39 9.77 10.75
Net cash (debt) n/a n/a n/a n/a −11.46 −11.23 −2.77 −3.85 −8.68
Shareholders’ equity 8.53 9.25 9.45 9.46 9.53 10.07 11.71 13.51 15.16
Debt to equity n/a n/a n/a n/a 1.48 1.34 0.72 0.72 0.71

In billions of BRL, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Balance sheet

In billions of BRL, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Assets
4.27 5.00 3.94 2.12 2.66 2.28 5.62 5.93 2.07
0.02 0.04 0.06 0.04 0.06 0.06 0.17 0.26 0.29
2.76 3.51 3.35 3.72 3.85 3.92 4.91 4.29 3.92
5.80 6.64 7.28 7.57 8.01 5.53 5.86 6.39 7.14
24.16 28.28 30.50 31.20 36.25 39.01 36.44 38.25 39.56
Growth +17.1% +7.8% +2.3% +16.2% +7.6% −6.6% +5.0% +3.4%
Liabilities
n/a n/a n/a n/a 14.12 13.51 8.39 9.77 10.75
calc n/a n/a n/a n/a 14.12 13.51 8.39 9.77 10.75
Equity
8.53 9.25 9.45 9.46 9.53 10.07 11.71 13.51 15.16
Growth +8.4% +2.2% +0.1% +0.8% +5.6% +16.3% +15.4% +12.2%
Per share and net cash
calc n/a n/a n/a n/a −11.46 −11.23 −2.77 −3.85 −8.68
28.9 28.9 542.2 1,086 1,088 1,088 1,089 1,090 1,082
calc 294.62 319.55 17.42 8.71 8.76 9.25 10.75 12.40 14.01

Lines marked calc are worked out here from filed figures; point at one for how. Shown in BRL as filed; the screener converts to dollars.