Ultrapar Participações S.A (UGPA3) — Cash Flow Quality Index
Ultrapar Participações S.A (UGPA3) has a Cash Flow Quality Index of 0.62x as of March 2026. Operating cash flow of R$545.79 Million is below net income of R$875.57 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore UGPA3 cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Ultrapar Participações S.A Cash Flow Quality Index (1999–2025)
Historical Cash Flow Quality Index for Ultrapar Participações S.A across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Ultrapar Participações S.A (UGPA3) cash flow conversion.
Annual Cash Flow Quality Index for Ultrapar Participações S.A (1999–2025)
Year-by-year earnings quality comparison for Ultrapar Participações S.A.
| Year | Quality Index | Operating CF (BRL) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.29x | R$3.55 Billion | R$2.75 Billion | ▼ -18.2% |
| 2024 | 1.58x | R$3.74 Billion | R$2.36 Billion | ▲ +0.2% |
| 2023 | 1.58x | R$3.85 Billion | R$2.44 Billion | ▲ +21.1% |
| 2022 | 1.30x | R$2.00 Billion | R$1.54 Billion | ▼ -58.7% |
| 2021 | 3.16x | R$2.59 Billion | R$818.62 Million | ▼ -6.6% |
| 2020 | 3.38x | R$3.14 Billion | R$927.70 Million | ▼ -53.4% |
| 2019 | 7.26x | R$2.92 Billion | R$402.94 Million | ▲ +184.5% |
| 2018 | 2.55x | R$2.89 Billion | R$1.13 Billion | ▲ +76.2% |
| 2017 | 1.45x | R$2.28 Billion | R$1.57 Billion | ▼ -9.5% |
| 2016 | 1.60x | R$2.51 Billion | R$1.57 Billion | ▼ -24.4% |
| 2015 | 2.12x | R$3.20 Billion | R$1.51 Billion | ▼ -0.1% |
| 2014 | 2.12x | R$2.65 Billion | R$1.25 Billion | ▲ +22.7% |
| 2013 | 1.73x | R$2.12 Billion | R$1.23 Billion | ▼ -28.3% |
| 2012 | 2.41x | R$2.45 Billion | R$1.02 Billion | ▲ +20.3% |
| 2011 | 2.00x | R$1.71 Billion | R$854.79 Million | ▲ +1.5% |
| 2010 | 1.97x | R$1.51 Billion | R$765.19 Million | ▼ -44.1% |
| 2009 | 3.53x | R$2.87 Billion | R$814.24 Million | ▲ +268.6% |
| 2008 | 0.96x | R$373.50 Million | R$390.30 Million | ▼ -62.8% |
| 2007 | 2.57x | R$468.16 Million | R$181.88 Million | ▲ +88.9% |
| 2006 | 1.36x | R$383.37 Million | R$281.42 Million | ▼ -0.6% |
| 2005 | 1.37x | R$409.74 Million | R$299.01 Million | ▲ +5.3% |
| 2004 | 1.30x | R$539.74 Million | R$414.61 Million | ▲ +3.0% |
| 2003 | 1.26x | R$310.14 Million | R$245.40 Million | ▼ -40.1% |
| 2002 | 2.11x | R$468.80 Million | R$222.30 Million | ▼ -17.7% |
| 2001 | 2.56x | R$339.06 Million | R$132.37 Million | ▼ -58.0% |
| 2000 | 6.10x | R$237.89 Million | R$39.00 Million | ▲ +21.7% |
| 1999 | 5.01x | R$302.70 Million | R$60.40 Million | — |