Ultrapar ParticipacoesUGP -1.42%77 Net Margin % is 2.38% as of Mar. 2026, which is 59% above its 10-year median of 1.50. GuruFocus rates UGP with a GF Score™ of 77/100 and a GF Value™ of $4.56 (Fairly Valued). The stock has 1 warning sign investors should review. Among 916 Oil & Gas companies, Ultrapar Participacoes ranks worse than 56.44% on this metric.
The historical rank and industry rank for Ultrapar Participacoes's Net Margin % or its related term are showing as below:
UGP'
s Net Margin % Range Over the Past 10 Years
Min: 0.45 Med: 1.5 Max: 2.06
Current: 2.06
UGP's Net Margin % is ranked worse than 56.44% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs UGP: 2.06
Ultrapar Participacoes (NYSE:UGP) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Ultrapar Participacoes Net Margin % Related Terms
Ultrapar Participacoes Net Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ultrapar Participacoes Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's Net Margin % distribution charts can be found below:
* The bar in red indicates where Ultrapar Participacoes's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ultrapar Participacoes (UGP) has a Net Margin % of 2.38% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Ultrapar Participacoes and its competitors. This is 59% above median its historical median of 1.50. Over the past decade, Ultrapar Participacoes' Net Margin % has ranged from 0.45 to 2.06. According to the industry distribution chart, Ultrapar Participacoes ranks #517 out of 916 companies in the Oil & Gas industry, placing it in the top 56.4%.
Is Ultrapar Participacoes' Net Margin % too high?
Ultrapar Participacoes' current Net Margin % of 2.38% is 59% above median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 2.06. The Oil & Gas industry median Net Margin % is 3.44. Ultrapar Participacoes' value of 2.38% is 30.7% below this industry median. Based on the distribution chart, Ultrapar Participacoes ranks #517 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Ultrapar Participacoes has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ultrapar Participacoes' Net Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Ultrapar Participacoes ranks #517 out of 916 companies for Net Margin %. This places Ultrapar Participacoes in the lower half of its industry. The industry median Net Margin % is 3.44. Ultrapar Participacoes' value of 2.38% is 30.7% below this benchmark. Historically, Ultrapar Participacoes' own Net Margin % has ranged from 0.45 to 2.06 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 3.44, Ultrapar Participacoes has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ultrapar Participacoes's current Net Margin % of 2.38% is 30.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Ultrapar Participacoes and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultrapar Participacoes's current Net Margin % is 2.38%, which is 59% above median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultrapar Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Ultrapar Participacoes (UGP) is currently considered Fairly Valued. The stock's GF Value™ is $4.56, compared to a current price of $4.87 — trading 6.8% above its estimated fair value. The current Net Margin % is 2.38%, which is 59% above median its 10-year median of 1.50 and 30.7% below the Oil & Gas industry median of 3.44. Ultrapar Participacoes' overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Ultrapar Participacoes (UGP), the current Net Margin % is 2.38% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ultrapar Participacoes (UGP) Overvalued in 2026?
Based on GuruFocus' analysis, Ultrapar Participacoes stock appears to be overvalued.
The current stock price of $4.87 is trading 6.8% above its estimated GF Value™ of $4.56.
GuruFocus considers Ultrapar Participacoes to be Fairly Valued.
Key valuation signals for UGP:
Net Margin %: 2.38% (59% above median its 10-year median of 1.50)
GF Value™: $4.56 vs. price of $4.87 (6.8% above fair value)
Industry Position: 30.7% below the Oil & Gas median (#517 of 916)
No single metric tells the full story. See the UGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. The company's business segments include: i) Ultragaz distributes LPG in the segments: bulk, comprising condominiums, trade, services, industries, and agribusiness; and bottled, mainly comprising residential consumers. ii) Ipiranga, the majority revenue generating segment, engages in the distribution and sale of oil-related products to service stations that operate under the Ipiranga brand throughout Brazil. iii) Ultracargo operates in specialized liquid bulk storage solutions in the main logistics centers. iv) Hidrovias: operates in logistics solutions and waterway and multimodal infrastructure.
77GF Score
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