ULTRAPAR HOLDINGS INC
UGP · Natural Gas Distribution · EDGAR filings ↗
Grade
C65Brazilian fuel-distribution group with leverage-driven ROE but razor-thin, declining margins.
Strengths
- ROE 16% (82nd pct) and ROA 6.4% (85th pct) relative to peers
- Decent liquidity (current ratio 1.53, 93rd pct)
Risks
- Gross margin 7.3% (9th pct), net margin 1.9% (33rd pct), OCF margin 2.8% (23rd pct) — very thin
- Revenue down 17% and net income down 21%; D/E 0.90 and Brazil FX/macro risk
Notable findings
- Strong balance sheetStrong balance sheet — $335M cash & investments
- Revenue declineRevenue -16.9% YoY
Key metrics
Gross margin
7.3%
Net margin
1.9%
Return on equity
16.0%
Return on assets
6.4%
Revenue growth (QoQ)
-16.9%
Net-income growth
-21.3%
Debt / equity
0.9×
Current ratio
1.5×
Tangible book value
$2.6B
Cash & investments
$335M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-28 | Amaral Decio de Sampaio | Disposition | 47K | — |
| 2026-04-20 | Lutz Marcos M | Grant | 634K | — |
| 2026-04-20 | Linden Leonardo Remiao | Grant | 149K | — |
| 2026-04-20 | Nogueira Julio Cesar | Grant | 43K | — |
| 2026-04-20 | Rabelo Pedro Guedes | Grant | 41K | — |
| 2026-04-20 | de Souza Fernanda Teves | Grant | 29K | — |
| 2026-04-20 | Pizzinatto Rodrigo de Almeida | Grant | 135K | — |
| 2026-04-20 | Amaral Decio de Sampaio | Grant | 79K | — |
| 2026-04-20 | Costa Tabajara Bertelli | Grant | 90K | — |
| 2026-04-20 | Zaia Andre Gustavo | Grant | 9.1K | — |
| 2026-04-20 | Hachem Andre Saleme | Grant | 40K | — |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-29 | 2025-12-31 | 0001554855-26-000796 ↗ |
| 20-F | 2025-04-23 | 2024-12-31 | 0001554855-25-000381 ↗ |
| 20-F | 2024-04-23 | 2023-12-31 | 0001554855-24-000295 ↗ |
| 20-F | 2023-04-26 | 2022-12-31 | 0001554855-23-000301 ↗ |
| 20-F | 2022-05-10 | 2021-12-31 | 0001554855-22-000306 ↗ |
| 20-F | 2021-04-29 | 2020-12-31 | 0001554855-21-000163 ↗ |
| 20-F | 2020-05-04 | 2019-12-31 | 0001193125-20-132504 ↗ |
| 20-F | 2019-04-23 | 2018-12-31 | 0001193125-19-113656 ↗ |
| 20-F | 2018-04-09 | 2017-12-31 | 0001193125-18-110362 ↗ |
| 20-F | 2017-04-28 | 2016-12-31 | 0001193125-17-148050 ↗ |
| 20-F | 2016-04-29 | 2015-12-31 | 0001193125-16-567969 ↗ |
| 20-F | 2015-04-30 | 2014-12-31 | 0001193125-15-162165 ↗ |