UGINYSEGas & Other Services CombinedFiscal year ends September 30
UGI CORP /PA/
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$38.07−0.36 (-0.94%)
Close on Oct 19, 2026
- Market cap
- $8.17B
- P/E (TTM)
- 12.7
- Dividend yield
- 3.94%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
49.9%−2.1 pts over 5 years
Operating margin
15.2%+0.2 pts over 5 years
Net margin
9.3%+1.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.1% | -10.3% | +2.1% | +0.9% | |
| Gross profit | -1.3% | -4.2% | +1.3% | – | |
| Operating income | +43.8% | -12.7% | +2.4% | +2.9% | |
| Net income | +152.0% | -14.2% | +5.0% | +9.2% | |
| EPS, diluted | +147.2% | -14.7% | +4.0% | +6.8% | |
| Free cash flow | +1.0% | – | -2.7% | -5.3% | |
| Dividend per share | 0.0% | +2.1% | +2.7% | +5.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 13.2% | 13.4% | 14.9% | |
| Return on assets | 3.4% | 3.9% | 4.4% | |
| Current ratio | 0.99 | 0.88 | 0.89 | |
| Debt to equity | 1.44 | 1.46 | 1.39 | |
| Net debt to EBITDA | 2.58× | 3.87× | 3.78× | |
| Interest coverage | – | 3.0× | 2.7× | |
| Inventory turnover | – | 13.4× | 9.2× | |
| Capex to revenue | 9.9% | 10.0% | 11.5% | |
| Diluted shares | 176M | 210M | 219M |
Where the cash went
Fiscal 2021 to 2025, five years combined
UGI generated $5.71B from operations and spent $5.72B on capital expenditure, dividends and share buybacks. 72% of that went back into the business.
Generated
$5.71B
Used
$5.72B
Capital expenditure$4.10B72%Dividends$1.53B27%Share buybacks$93.00M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.3%
×Asset turnover0.48×
×Equity multiplier3.35×
=Return on equity, FY202514.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.3% | 0.48× | 3.35× | 14.9% |
| FY2024 | 3.7% | 0.47× | 3.49× | 6.2% |
| FY2023 | -16.8% | 0.54× | 3.15× | -28.7% |
| FY2022 | 10.6% | 0.59× | 2.96× | 18.5% |
| FY2021 | 19.7% | 0.49× | 3.18× | 30.4% |
| FY2020 | 8.1% | 0.48× | 3.44× | 13.4% |
| FY2019 | 3.5% | 0.58× | 3.38× | 6.8% |
| FY2018 | 9.4% | 0.65× | 3.44× | 21.0% |
| FY2017 | 7.1% | 0.55× | 3.73× | 14.5% |
| FY2016 | 6.4% | 0.53× | 3.86× | 13.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$678.00M
- Cash generatingOperating cash flow above zero$1.23B
- Return on assets improvedROA up on the prior year1.7% → 4.5%
- Earnings backed by cashOperating cash flow above net income$1.23B vs $678.00M
- Less leverageLong-term debt to assets fell42.7% → 42.2%
- Better liquidityCurrent ratio rose0.80 → 0.89
- No dilutionShare count did not rise215M → 219M
- Gross margin improvedGross margin up on the prior year51.05% → 49.86%
- More efficientAsset turnover rose0.47 → 0.48