Ultrapar Participações S.A. (UGP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 36.75B | 37.95B | 37.03B | 34.06B | 33.33B | 35.4B | 35.36B | 32.34B | 30.4B | 33.42B | 32.48B | 29.59B | 30.55B | 35.96B | 39.29B | 36.88B | 31.5B | 5.71B | 29.45B | 26.35B |
| Revenue Growth % | 10.27% | 7.2% | 4.74% | 5.29% | 9.65% | 5.93% | 8.85% | 9.3% | -0.51% | -7.05% | -17.33% | -19.76% | -3.02% | 529.62% | 33.42% | 39.98% | 43% | -75.4% | 41.86% | 65.95% |
| Cost of Goods Sold | 33.58B | 35.36B | 34.56B | 31.91B | 31.19B | 33.24B | 33.08B | 30.24B | 28.33B | 30.35B | 29.62B | 27.92B | 28.84B | 33.51B | 37.71B | 35.03B | 30.03B | 5.44B | 28.27B | 25.39B |
| COGS % of Revenue | 91.36% | 93.17% | 93.31% | 93.69% | 93.57% | 93.89% | 93.55% | 93.48% | 93.22% | 90.82% | 91.18% | 94.35% | 94.39% | 93.18% | 95.96% | 94.98% | 95.33% | 95.2% | 95.99% | 96.39% |
| Gross Profit | 3.17B | 2.59B | 2.48B | 2.15B | 2.14B | 2.16B | 2.28B | 2.11B | 2.06B | 3.07B | 2.86B | 1.67B | 1.71B | 2.45B | 1.59B | 1.85B | 1.47B | 273.89M | 1.18B | 951.92M |
| Gross Margin % | 8.64% | 6.83% | 6.69% | 6.31% | 6.43% | 6.11% | 6.45% | 6.52% | 6.78% | 9.18% | 8.82% | 5.65% | 5.61% | 6.82% | 4.04% | 5.02% | 4.67% | 4.8% | 4.01% | 3.61% |
| Gross Profit Growth % | 48.2% | 19.76% | 8.56% | 1.88% | 3.9% | -29.48% | -20.32% | 26.06% | 20.35% | 25.22% | 80.59% | -9.7% | 16.54% | 794.82% | 34.16% | 94.54% | 18.47% | -81.9% | -27.86% | -9.45% |
| Operating Expenses | 1.35B | 1.46B | 1.05B | 737.85M | 1.16B | 51.62M | 1.2B | 1.16B | 1.24B | 1.22B | 1.3B | 1.16B | 1.05B | 922.23M | 1.07B | 1.04B | 918.24M | 188.13M | 608.89M | 653.69M |
| OpEx % of Revenue | 3.68% | 3.85% | 2.83% | 2.17% | 3.48% | 0.15% | 3.4% | 3.58% | 4.08% | 3.66% | 3.99% | 3.92% | 3.42% | 2.56% | 2.73% | 2.81% | 2.91% | 3.29% | 2.07% | 2.48% |
| Selling, General & Admin | 1.32B | 1.29B | 1.17B | 1.19B | 1.12B | 1.11B | 1.09B | 1.16B | 1.01B | 1.19B | 1.13B | 993.02M | 964.89M | 983.22M | 897.44M | 954.82M | 840.99M | 188.13M | 848.76M | 764.94M |
| SG&A % of Revenue | 3.59% | 3.39% | 3.17% | 3.49% | 3.36% | 3.14% | 3.09% | 3.58% | 3.32% | 3.55% | 3.47% | 3.36% | 3.16% | 2.73% | 2.28% | 2.59% | 2.67% | 3.29% | 2.88% | 2.9% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K |
| Operating Income | 1.82B | 1.13B | 1.43B | 1.41B | 982.78M | 2.11B | 1.08B | 950.46M | 820.53M | 1.85B | 1.57B | 513.03M | 667.39M | 1.6B | 679.03M | 815.75M | 551.44M | 85.76M | 573.36M | 298.23M |
| Operating Margin % | 4.96% | 2.98% | 3.86% | 4.14% | 2.95% | 5.97% | 3.05% | 2.94% | 2.7% | 5.53% | 4.82% | 1.73% | 2.18% | 4.45% | 1.73% | 2.21% | 1.75% | 1.5% | 1.95% | 1.13% |
| Operating Income Growth % | 85.44% | -46.45% | 32.32% | 48.33% | 19.77% | 14.36% | -31.11% | 85.26% | 22.95% | 15.47% | 130.72% | -37.11% | 21.03% | 1765.54% | 18.43% | 173.53% | 9.63% | -83.6% | -4.97% | 60.46% |
| EBITDA | 2.26B | 1.57B | 1.88B | 1.8B | 1.29B | 2.43B | 1.38B | 1.27B | 1.1B | 2.17B | 1.85B | 889.73M | 995.65M | 1.86B | 939.68M | 1.11B | 817.65M | 143.09M | 740.21M | 541.94M |
| EBITDA Margin % | 6.15% | 4.13% | 5.08% | 5.3% | 3.86% | 6.86% | 3.9% | 3.94% | 3.62% | 6.49% | 5.69% | 3.01% | 3.26% | 5.17% | 2.39% | 3.02% | 2.6% | 2.51% | 2.51% | 2.06% |
| EBITDA Growth % | 75.65% | -35.5% | 36.32% | 41.53% | 16.95% | 12.05% | -25.36% | 43.24% | 10.51% | 16.58% | 96.67% | -20.1% | 21.77% | 1199.62% | 26.95% | 105.49% | 15.14% | -83.16% | -20.13% | 8.55% |
| D&A (Non-Cash Add-back) | 437.88M | 435.74M | 452.47M | 393.87M | 304.07M | 316.71M | 300.24M | 323.95M | 279.77M | 320.65M | 281.44M | 376.7M | 328.26M | 259.8M | 260.65M | 297.87M | 266.21M | 57.33M | 166.85M | 243.71M |
| EBIT | 2.2B | 1.29B | 1.81B | 2.2B | 982.51M | 974.91M | 1.34B | 1.17B | 959.69M | 2.08B | 1.87B | 473.25M | 614.61M | 1.63B | 728.18M | 760.17M | 526.37M | 138.42M | 465.24M | 169.34M |
| Net Interest Income | -352.3M | -289.63M | -401.03M | -31.41M | -202.86M | -161.07M | -108.26M | -205.75M | -31.8M | -65.4M | -300.61M | -216.72M | -41.28M | -60.67M | -324.74M | -498.63M | -46.95M | -38.63M | -253.77M | -103.14M |
| Interest Income | 439.95M | 356.38M | 373.44M | 644.37M | 168.6M | 180.17M | 220.81M | 280.58M | 27.8M | 23.88M | 296.14M | 186.68M | 29.48M | 23.6M | 176.41M | 209.7M | 14.68M | 26.76M | 114.66M | 138.12M |
| Interest Expense | 792.25M | 646.01M | 774.47M | 675.78M | 371.46M | 341.24M | 329.07M | 486.33M | 59.6M | 89.29M | 596.76M | 403.4M | 70.76M | 84.28M | 501.15M | 708.33M | 61.63M | 65.39M | 368.43M | 241.26M |
| Other Income/Expense | -410.08M | -488.31M | -396.19M | 116.1M | -371.73M | -455.77M | -73.06M | -266.61M | -155.96M | -210.36M | -289.15M | -215.15M | -301.15M | -2.15B | -461.61M | -490.91M | -411.35M | -11.9M | -476.55M | -101.88M |
| Pretax Income | 1.41B | 642.98M | 1.03B | 1.53B | 611.05M | 1.66B | 1.01B | 683.85M | 664.58M | 1.64B | 1.28B | 297.88M | 366.25M | 1.19B | 227.03M | 324.85M | 140.09M | 73.86M | 96.81M | 196.36M |
| Pretax Margin % | 3.84% | 1.69% | 2.79% | 4.48% | 1.83% | 4.68% | 2.85% | 2.11% | 2.19% | 4.9% | 3.93% | 1.01% | 1.2% | 3.3% | 0.58% | 0.88% | 0.44% | 1.29% | 0.33% | 0.75% |
| Income Tax | 498.26M | 204.37M | 257.41M | 354.04M | 247.87M | 776.07M | 307.78M | 192.64M | 209.13M | 523.05M | 386.28M | 59.19M | 92.42M | 343.73M | 46.72M | -72.19M | 23.26M | 12.67M | -64.67M | 71.19M |
| Effective Tax Rate % | 35.28% | 31.79% | 24.95% | 23.2% | 40.56% | 46.84% | 30.59% | 28.17% | 31.47% | 31.95% | 30.24% | 19.87% | 25.23% | 28.94% | 20.58% | -22.22% | 16.6% | 17.16% | -66.8% | 36.25% |
| Net Income | 875.57M | 323.45M | 709.19M | 1.09B | 332.85M | 841.77M | 651.58M | 437.92M | 431.47M | 1.1B | 864.85M | 213.88M | 262.06M | 822.62M | 180.31M | 452.87M | 452.25M | 68.04M | 369.2M | -31.08M |
| Net Margin % | 2.38% | 0.85% | 1.92% | 3.2% | 1% | 2.38% | 1.84% | 1.35% | 1.42% | 3.29% | 2.66% | 0.72% | 0.86% | 2.29% | 0.46% | 1.23% | 1.44% | 1.19% | 1.25% | -0.12% |
| Net Income Growth % | 163.06% | -61.57% | 8.84% | 148.53% | -22.86% | -23.41% | -24.66% | 104.75% | 64.64% | 33.6% | 379.65% | -52.77% | -42.05% | 1109.05% | -51.16% | 1557.1% | 242.19% | -84.03% | 39.09% | -175.68% |
| Net Income (Continuing) | 914.16M | 438.61M | 774.5M | 1.17B | 363.18M | 880.82M | 698.42M | 491.21M | 455.45M | 1.11B | 891.24M | 238.69M | 273.82M | 841.93M | 191.45M | 397.04M | 116.83M | 61.18M | 161.49M | 125.17M |
| Discontinued Operations | 0 | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K |
| Minority Interest | 409.33M | 2.06B | 2.28B | 2.32B | 694.87M | 664.73M | 644.65M | 570.05M | 547.56M | 107.73M | 108.27M | 105.74M | 94.21M | 472.4M | 459.95M | 86.27M | 93.66M | 405.09M | 71.4M | 384.08M |
| EPS (Diluted) | 0.80 | 0.30 | 0.64 | 0.98 | 0.30 | 0.76 | 0.58 | 0.39 | 0.39 | 0.99 | 0.78 | 0.19 | 0.24 | 0.75 | 0.16 | 0.41 | 0.11 | 0.30 | 0.34 | -0.03 |
| EPS Growth % | 166.67% | -60.53% | 10.34% | 151.28% | -23.08% | -23.23% | -25.64% | 105.26% | 62.5% | 32% | 387.5% | -53.66% | 118.18% | 150% | -52.94% | 1543.66% | -8.33% | -23.08% | 41.67% | -175.73% |
| EPS (Basic) | 0.79 | 0.30 | 0.65 | 1.00 | 0.30 | 0.76 | 0.58 | 0.40 | 0.39 | 1.00 | 0.79 | 0.20 | 0.24 | 0.75 | 0.17 | 0.42 | 0.11 | 0.30 | 0.34 | -0.03 |
| Diluted Shares Outstanding | 1.09B | 1.09B | 1.11B | 1.11B | 1.11B | 1.11B | 1.12B | 1.12B | 1.11B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.09B | 1.1B | 1.09B |
| Basic Shares Outstanding | 1.07B | 1.09B | 1.09B | 1.09B | 1.09B | 1.11B | 1.12B | 1.1B | 1.11B | 1.1B | 1.1B | 1.1B | 1.1B | 1.09B | 1.09B | 1.09B | 1.09B | 1.09B | 1.09B | 1.09B |
| Dividend Payout Ratio | 0.17% | 391.18% | 10.36% | 0.94% | 146.46% | 6.23% | 49.11% | 0.91% | 101.4% | 0.01% | 33.67% | 0.42% | 41.48% | 0.44% | 218.29% | 2.98% | 7.6% | 0.17% | 58.79% | - |