Zacks Investment Research·5d ago
New Strong Buy Stocks for November 3rdHPE, AER, UGP, ONC and BWFG have been added to the Zacks Rank #1 (Strong Buy) List on November 3, 2026.
Ultrapar's recent acceleration to 24.7% revenue growth and a 7.7% operating margin in 2026Q2 suggests improving operational leverage, but the sustainability of this margin expansion is questionable given its historical 6-7% gross margin range.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated sharply to 24.7% year-over-year in 2026Q2, driving a significant gross margin expansion to 11.1%, though this level appears anomalous compared to the company's historical 6-7% range.
Ipiranga's performance has revitalized Ultrapar's growth narrative, with a notable margin spike in 1Q26, though some of it appears inventory-driven.
Ultrapar maintains robust disclosure practices with regular SEC filings, including 6-K reports and Form 20-F, enhancing investor confidence.
Management's commentary on sustaining R$200/m³ margins supports the bullish outlook, despite questions about the sustainability of recent spikes.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 12, 2026 | $0.28+3.7% vs $0.27 | $8.1B-1.4% vs $8.2B |
Q2 2026 May 6, 2026 | $0.15+7.1% vs $0.14 | $7.2B-9.2% vs $7.9B |
Q2 2026 Mar 4, 2026 | $0.06-14.3% vs $0.07 | $7.6B+11.9% vs $6.8B |
Q4 2025 Nov 12, 2025 | $0.12+33.3% vs $0.09 | $7.1B+6.8% vs $6.6B |
HPE, AER, UGP, ONC and BWFG have been added to the Zacks Rank #1 (Strong Buy) List on November 3, 2026.
UGP, HPE and PAA made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 3, 2026.
UGP, AII, and HPE made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 3, 2026.
Discover five valuable price-to-book stocks to buy in November: CNXC, HPE, NEXA, SHG and UGP, with attractive valuations and projected earnings growth.
Benchmark UGP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Ultrapar Participações S.A. (UGP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.42 | $5.79B | 9.34 | 6.64% | 2.26% | 23.24% | 6.53% | |
| $4.81 | $16.44B | 11.83 | 3.32% | 19.6% | 18.14% | 2.56% | |
| $1.86 | $5.32B | 6.37 | 7.36% | 10.53% | 15.98% | 13.3% | |
| $11.59 | $49.43B | 82.49 | 0.46% | 1.45% | 1.6% | 7.22% | |
| $18.53 | $119.41B | 4.67 | -3.62% | 24.52% | 30.54% | 6.91% | |
| $372.74 | $108.82B | 7.13 | -4.44% | 8.35% | 56.77% | 1% |
Ultrapar Participações S.A. (UGP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Ultrapar Participações S.A. (UGP) stock FAQ — growth, dividends, profitability & financials explained
Ultrapar Participações S.A. (UGP) reported $154.20B in revenue over the trailing twelve months. Revenue was $142.37B in fiscal year 2025. That is 8258% more than the $1.70B of fiscal year 1999.
Ultrapar Participações S.A. (UGP) grew revenue by 11.6% over the trailing twelve months, compared with the twelve months before.
Yes. Ultrapar Participações S.A. (UGP) earned $3.49B in net income over the trailing twelve months (a 2.3% net margin).
Yes. Ultrapar Participações S.A. (UGP) pays a dividend that yields 6.53% at the current price, a high yield.
Ultrapar Participações S.A. (UGP) had a return on equity (ROE) of 23.2% over the trailing twelve months. That is well above the market's typical 10-15%.
Ultrapar Participações S.A. (UGP) generated $4.82B in free cash flow over the trailing twelve months.
