HF Sinclair vs Ultrapar Holdings
HF Sinclair and Ultrapar Holdings are similar in size: $26.87bn and $25.51bn of revenue in their latest fiscal years. Ultrapar Holdings grew faster (2.5% against -6.0%). HF Sinclair kept more of each dollar of sales as profit: a net margin of 2.2% against 1.7%. HF Sinclair carries less debt relative to equity (30.5% against 128.3%).
| Latest fiscal year | HF SinclairDINO, 2025 | Ultrapar HoldingsUGP, 2025 |
|---|---|---|
| Revenue | $26.87bn | $25.51bn |
| Revenue growth | -6.0% | 2.5% |
| Net income | $579m | $440m |
| Operating margin | 3.5% | — |
| Net margin | 2.2% | 1.7% |
| Return on equity | 6.3% | 16.6% |
| Free cash flow | $866m | $977m |
| Cash | $978m | $580m |
| Total debt | $2.80bn | $3.67bn |
| Debt to equity | 30.5% | 128.3% |
| Dividend per share | $2.00 | — |
| Dividend yield | 1.9% | 6.2% |
| Share buybacks | $354m | — |
| Employees | 5,165 | — |
| Market value | $20.16bn | $6.19bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 60 (Moderate) | — |
| Insider trades, 12 months | 4 buys, 6 sales | 0 buys, 5 sales |