Ultrapar Participacoes SA ADR (UGP) revenue breakdown
By segment, Ipiranga is the largest at 90% of fiscal 2025 revenue; Ultragaz grew fastest, 10% a year over 9 years.
By region, Brazil is the largest at 98% of fiscal 2025 revenue, growing 7% a year over 9 years.
Revenue by segment
Fiscal years, as Ultrapar Participacoes SA ADR reports them in its 10-K filings; fiscal 2025 total $142.5B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ipiranga | $65.8B | $67.0B | $76.5B | $75.5B | $66.1B | $99.4B | $131.3B | $114.6B | $121.3B | $127.6B | 90% |
| Ultragaz | $5.4B | $6.1B | $7.0B | $7.1B | $7.4B | $9.7B | $11.5B | $10.7B | $11.3B | $12.3B | 9% |
| Hidrovias do Brasil | — | — | — | — | — | — | — | — | — | $1.6B | 1% |
| Ultracargo Soluções Logística | $355M | $438M | $411M | $541M | $644M | $713M | $867M | $1.0B | $1.1B | $1.0B | 1% |
| All other segments | — | — | — | — | — | $22M | $219M | $14M | $9M | $9M | 0% |
| Oxiteno | $3.7B | $4.0B | $4.7B | — | — | — | — | — | — | — | — |
| Extrafarma | $1.6B | $1.9B | $2.0B | — | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Ultrapar Participacoes SA ADR reports them in its 10-K filings; fiscal 2025 total $142.4B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Brazil | $75.7B | $78.0B | $89.2B | $82.9B | $73.9B | $109.6B | $140.8B | $124.4B | $132.3B | $139.8B | 98% |
| Oceania | — | — | — | — | — | — | — | — | — | $768M | 1% |
| United States of America and Canada | — | — | — | $17M | $30M | $35M | $1.8B | $1.1B | $681M | $729M | 1% |
| Other Latin American countries | $449M | $428M | $426M | $41M | $45M | $70M | $73M | $204M | $203M | $527M | 0% |
| Europe | $97M | $119M | $138M | $17M | $34M | $19M | $607M | $203M | $51M | $267M | 0% |
| Others | — | — | — | — | — | — | $8M | $157M | $252M | $254M | 0% |
| United States | $158M | $293M | $466M | — | — | — | — | — | — | — | — |
| Singapore | — | — | — | — | — | — | $359M | — | — | — | — |
| Mexico | $183M | $190M | $208M | — | — | — | — | — | — | — | — |
| Far East | $58M | $72M | $96M | — | — | — | — | — | — | — | — |
| Venezuela | — | — | $69M | — | — | — | — | — | — | — | — |
| Venezuela | $25M | $55M | — | — | — | — | — | — | — | — | — |
| Uruguay | $34M | $34M | $48M | — | — | — | — | — | — | — | — |
| Asia and Others | — | — | — | — | — | $11M | — | — | — | — | — |
| Other | $66M | $53M | $63M | $3M | $7M | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for UGP.
Open UGP in InvestinglyQuestions
Where does Ultrapar Participacoes SA ADR make its money?
In fiscal 2025, by segment: Ipiranga $127.6B, Ultragaz $12.3B, Hidrovias do Brasil $1.6B, Ultracargo Soluções Logística $1.0B, All other segments $9M.
From Ultrapar Participacoes SA ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.