Ultrapar Holdings vs World Kinect
World Kinect is the larger business, with $36.92bn of revenue in fiscal 2025 against $25.51bn for Ultrapar Holdings (1.4 times as much). Ultrapar Holdings grew faster (2.5% against -12.5%). Ultrapar Holdings kept more of each dollar of sales as profit: a net margin of 1.7% against -1.7%. World Kinect carries less debt relative to equity (53.7% against 128.3%).
| Latest fiscal year | Ultrapar HoldingsUGP, 2025 | World KinectWKC, 2025 |
|---|---|---|
| Revenue | $25.51bn | $36.92bn |
| Revenue growth | 2.5% | -12.5% |
| Net income | $440m | −$614m |
| Operating margin | — | -1.5% |
| Net margin | 1.7% | -1.7% |
| Return on equity | 16.6% | -37.8% |
| Free cash flow | $977m | $227m |
| Cash | $580m | $194m |
| Total debt | $3.67bn | $697m |
| Debt to equity | 128.3% | 53.7% |
| Dividend per share | — | $0.77 |
| Dividend yield | 6.2% | 2.3% |
| Share buybacks | — | $85.0m |
| Employees | — | — |
| Market value | $6.19bn | $1.93bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | 36 (Weak) |
| Insider trades, 12 months | 0 buys, 5 sales | 0 buys, 21 sales |