Ultrapar Participações S.A (UGR) — Cash Flow Reinvestment Rate

Latest as of December 2025: 1.19x

Ultrapar Participações S.A (UGR) has a Cash Flow Reinvestment Rate of 1.19x as of December 2025, reinvesting €2.83 Billion (capex €670.23 Million plus investments €-2.16 Billion) from operating cash flow of €2.38 Billion. See how much free cash does Ultrapar Participações S.A generate to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

1.19x
(Capex + Investments) / Operating CF

Total Reinvested

€2.83 Billion
Capex + Investments

Operating Cash Flow

€2.38 Billion
EUR

Capital Expenditures

€670.23 Million
EUR

Ultrapar Participações S.A Cash Flow Reinvestment Rate (2016–2025)

Historical reinvestment intensity for Ultrapar Participações S.A across 10 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Ultrapar Participações S.A.

Annual Cash Flow Reinvestment Rate for Ultrapar Participações S.A (2016–2025)

Year-by-year capital reinvestment analysis for Ultrapar Participações S.A. See financial agility of Ultrapar Participações S.A to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (EUR) Operating CF Capex YoY Change
2025 0.74x €4.02 Billion €5.45 Billion €2.01 Billion ▼ -56.8%
2024 1.71x €6.39 Billion €3.74 Billion €1.79 Billion ▲ +324.8%
2023 0.40x €1.55 Billion €3.85 Billion €1.29 Billion ▼ -84.8%
2022 2.65x €5.31 Billion €2.00 Billion €929.24 Million ▲ +114.7%
2021 1.23x €3.19 Billion €2.59 Billion €1.03 Billion ▲ +134.7%
2020 0.53x €1.65 Billion €3.14 Billion €750.62 Million ▼ -7.1%
2019 0.57x €1.65 Billion €2.92 Billion €1.02 Billion ▼ -43.2%
2018 1.00x €2.88 Billion €2.89 Billion €1.18 Billion ▲ +28.7%
2017 0.77x €1.35 Billion €1.74 Billion €1.30 Billion ▼ -44.6%
2016 1.40x €3.52 Billion €2.51 Billion €1.67 Billion
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow