Ultrapar Participações (UGP) Financial Ratios: P/E, ROE & More

Ultrapar Participações (UGP) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Ultrapar Participações had a P/E ratio of 9.10 (up from 7.33), return on equity of 16.4% (down from 16.9%), debt-to-equity of 1.23 (up from 0.97) and a current ratio of 1.62 (up from 1.53). A current ratio of 1.62 means current assets exceed current liabilities. Its dividend yield was 6.22% with a payout ratio of 88.5%.

Ultrapar Participações Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	9.10	7.33	11.84	7.63	18.64	28.92
P/S Ratio	0.16	0.13	0.23	0.10	0.14	0.35
P/B Ratio	1.26	1.09	2.06	1.13	1.51	2.61
Price/Tangible Book	2.08	1.59	3.10	1.68	2.24	3.96
Price/FCF	6.48	8.89	11.27	12.77	10.18	10.82
Price/OCF	4.09	4.63	7.50	6.85	6.13	8.23
Enterprise Value Ratios
EV/Revenue	0.28	0.22	0.29	0.15	0.26	0.52
EV/EBITDA	6.13	4.74	7.24	6.79	13.56	18.81
EV/EBIT	7.90	5.93	9.61	10.21	20.68	28.89
EV/FCF	11.34	14.92	14.47	20.52	18.45	16.02
Profitability & Returns
Return on Equity (ROE)	16.38%	16.92%	19.22%	13.59%	8.03%	6.55%
Return on Assets (ROA)	6.95%	7.87%	6.46%	3.58%	2.31%	2.45%
Return on Invested Capital (ROIC)	12.02%	12.89%	13.44%	8.15%	4.96%	4.28%
Return on Capital Employed (ROCE)	13.20%	16.90%	14.30%	9.10%	5.30%	4.90%
Leverage & Solvency Ratios
Debt/Equity	1.23	0.97	0.95	1.09	1.69	1.94
Debt/EBITDA	3.24	2.38	2.45	3.75	7.45	8.44
Debt/FCF	6.33	7.88	5.19	12.35	11.38	8.05
Liquidity Ratios
Current Ratio	1.62	1.53	1.66	1.45	1.98	1.89
Quick Ratio	1.15	1.04	1.20	1.01	0.75	1.41
Efficiency Ratios
Asset Turnover	3.20	3.43	3.38	3.81	2.92	2.20
Inventory Turnover	32.60	30.17	25.50	31.11	27.00	18.53
Yield & Distribution Ratios
Earnings Yield	10.99%	13.65%	8.45%	13.11%	5.36%	3.46%
FCF Yield	15.44%	11.25%	8.87%	7.83%	9.82%	9.24%
Dividend Yield	6.22%	4.38%	2.45%	4.04%	2.55%	2.25%
Payout Ratio	88.52%	35.28%	16.40%	35.44%	82.99%	31.88%
Buyback Yield	2.01%	-1.14%	-0.57%	-0.16%	-0.10%	-0.28%
Total Return	8.23%	3.23%	1.88%	3.89%	2.45%	1.98%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ultrapar Participações Financial Ratios

What is Ultrapar Participações's P/E ratio?

Ultrapar Participações's P/E ratio was 9.10 for fiscal 2025 (period ended Dec 31, 2025). It was 7.33 a year earlier.

What is Ultrapar Participações's return on equity?

Ultrapar Participações's return on equity (ROE) was 16.4% for fiscal 2025 (period ended Dec 31, 2025). It was 16.9% a year earlier.

What is Ultrapar Participações's debt-to-equity ratio?

Ultrapar Participações's debt-to-equity ratio was 1.23 for fiscal 2025 (period ended Dec 31, 2025). It was 0.97 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition