What is UGI's gross margin?

UGI (UGI) reported gross margin of 50.7% in Q1 2026.

How has UGI's gross margin changed year-over-year?

UGI's gross margin decreased by 2.3% year-over-year, from 51.9% to 50.7%.

What is the long-term trend for UGI's gross margin?

Over 5 years (2020 to 2025), UGI's gross margin has grown at a -0.8% compound annual growth rate (CAGR), from 52% to 49.9%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

UGI UGI Gross margin

Gross margin at other companies

NiSourceNI

44.9%-0.7pp

National Fuel GasNFG

87.8%-3.1pp

CNP

CenterPoint EnergyCNP

100%0.0pp

Air Products and ChemicalsAPD

32%0.0pp

Atmos EnergyATO

75.1%+15.5pp

AmerenAEE

82.2%+3.0pp

Other financials

Income statement

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Revenue$2.7B+0.7%

Gross profit$1.5B+9.7%

Operating income$758.0M+8.3%

Net income$520.0M+8.6%

EPS (diluted)$2.33+6.4%

Balance sheet

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Cash & equivalents$530.0M+21.0%

Total debt$6.2B-11.1%

Total equity$5.4B+8.1%

Total assets$16.1B+2.4%

Cash flow

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Operating cash flow$664.0M-2.9%

CapEx$170.0M+16.4%

Free cash flow$494.0M-8.2%

Valuation

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Market cap$7.25B+10.0%

Enterprise value$12.95B-1.2%

P/E11.1×—

P/S1×+0.1×

Profitability

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Operating margin15.4%—

Net margin8.9%—

FCF margin-2.1%-7.3pp

Returns & leverage

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Return on equity12.5%—

Debt / equity1.2×-0.2×

Current ratio1×-0.2×

Where this comes from

Calculated from UGI’s reported figures.

gross profit/total revenue=50.7%

Based on trailing twelve months.

The official record: UGI’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UGI's gross margin?: UGI (UGI) reported gross margin of 50.7% in Q1 2026.
How has UGI's gross margin changed year-over-year?: UGI's gross margin decreased by 2.3% year-over-year, from 51.9% to 50.7%.
What is the long-term trend for UGI's gross margin?: Over 5 years (2020 to 2025), UGI's gross margin has grown at a -0.8% compound annual growth rate (CAGR), from 52% to 49.9%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.