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Delek US Holdings vs Ultrapar Holdings

Ultrapar Holdings is the larger business, with $25.51bn of revenue in fiscal 2025 against $10.72bn for Delek US Holdings (2.4 times as much). Ultrapar Holdings grew faster (2.5% against -9.5%). Ultrapar Holdings kept more of each dollar of sales as profit: a net margin of 1.7% against -0.2%.

Latest fiscal yearDelek US HoldingsDK, 2025Ultrapar HoldingsUGP, 2025
Revenue $10.72bn $25.51bn
Revenue growth -9.5% 2.5%
Net income −$22.8m $440m
Operating margin — —
Net margin -0.2% 1.7%
Return on equity -4.1% 16.6%
Free cash flow $6.3m $977m
Cash $626m $580m
Total debt $3.28bn $3.67bn
Debt to equity — 128.3%
Dividend per share $1.02 —
Dividend yield 1.4% 6.2%
Share buybacks — —
Employees 1,902 —
Market value $4.45bn $6.19bn
Price vs our value range — Below our value range
Moat score 32 (Weak) —
Insider trades, 12 months 0 buys, 66 sales 0 buys, 5 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.