TTM
13.3%
YoY change
+4.51pp
Trough year (2023)
-16.2%
Peak year (1985)
100.0%
Latest annual
15.2%
Operating Margin history chart for UGI (UGI) from 1985 to 2025
Latest: 15.2%
Operating Margin change chart for UGI (UGI) from 1985 to 2025
Latest: +4.51pp
Operating Margin history table for UGI (UGI) from 1985 to 2025
| 2025 | 15.2% | +4.51pp | ||
| 2024 | 10.7% | +26.85pp | ||
| 2023 | -16.2% | -32.66pp | ||
| 2022 | 16.5% | -15.07pp | ||
| 2021 | 31.6% | +16.58pp | ||
| 2020 | 15.0% | +6.54pp | ||
| 2019 | 8.4% | -5.49pp | ||
| 2018 | 13.9% | -2.58pp | ||
| 2017 | 16.5% | -0.88pp | ||
| 2016 | 17.4% | +4.90pp | ||
| 2015 | 12.5% | +0.33pp | ||
| 2014 | 12.1% | +0.60pp | ||
| 2013 | 11.6% | +3.29pp | ||
| 2012 | 8.3% | -2.29pp | ||
| 2011 | 10.5% | -1.24pp | ||
| 2010 | 11.8% | -0.15pp | ||
| 2009 | 11.9% | +3.77pp | ||
| 2008 | 8.2% | -1.01pp | ||
| 2007 | 9.2% | +1.12pp | ||
| 2006 | 8.1% | -0.57pp | ||
| 2005 | 8.6% | +0.16pp | ||
| 2004 | 8.5% | -0.85pp | ||
| 2003 | 9.3% | -1.29pp | ||
| 2002 | 10.6% | +2.28pp | ||
| 2001 | 8.3% | -0.98pp | ||
| 2000 | 9.3% | -3.61pp | ||
| 1999 | 12.9% | +2.00pp | ||
| 1998 | 10.9% | +0.14pp | ||
| 1997 | 10.8% | +1.36pp | ||
| 1996 | 9.4% | +4.15pp | ||
| 1995 | 5.3% | -4.49pp | ||
| 1994 | 9.8% | -90.23pp | ||
| 1993 | 100.0% | 0.00pp | ||
| 1992 | 100.0% | 0.00pp | ||
| 1991 | 100.0% | 0.00pp | ||
| 1990 | 100.0% | 0.00pp | ||
| 1989 | 100.0% | 0.00pp | ||
| 1988 | 100.0% | 0.00pp | ||
| 1987 | 100.0% | 0.00pp | ||
| 1986 | 100.0% | 0.00pp | ||
| 1985 | 100.0% | — |
- 202515.2%+4.51pp
- 202410.7%+26.85pp
- 2023-16.2%-32.66pp
- 202216.5%-15.07pp
- 202131.6%+16.58pp
- 202015.0%+6.54pp
- 20198.4%-5.49pp
- 201813.9%-2.58pp
- 201716.5%-0.88pp
- 201617.4%+4.90pp
- 201512.5%+0.33pp
- 201412.1%+0.60pp
- 201311.6%+3.29pp
- 20128.3%-2.29pp
- 201110.5%-1.24pp
- 201011.8%-0.15pp
- 200911.9%+3.77pp
- 20088.2%-1.01pp
- 20079.2%+1.12pp
- 20068.1%-0.57pp
- 20058.6%+0.16pp
- 20048.5%-0.85pp
- 20039.3%-1.29pp
- 200210.6%+2.28pp
- 20018.3%-0.98pp
- 20009.3%-3.61pp
- 199912.9%+2.00pp
- 199810.9%+0.14pp
- 199710.8%+1.36pp
- 19969.4%+4.15pp
- 19955.3%-4.49pp
- 19949.8%-90.23pp
- 1993100.0%0.00pp
- 1992100.0%0.00pp
- 1991100.0%0.00pp
- 1990100.0%0.00pp
- 1989100.0%0.00pp
- 1988100.0%0.00pp
- 1987100.0%0.00pp
- 1986100.0%0.00pp
- 1985100.0%—
Operating Margin values are taken from UGI's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at UGI (UGI)
According to UGI's latest reported financial statements, the company's latest reported operating margin is 13.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of UGI (UGI) operating margin is 15.19% – expanded 4.5 percentage points year-over-year.
100.00% stands as the all-time-high annual operating margin, posted in 1985, against a low of -16.17% during 2023.
UGI Operating Margin by Year
UGI Operating Margin 2025: 15.2%
UGI posted operating margin of 15.19% in 2025, expanded 4.5 percentage points from 2024.
UGI Operating Margin 2024: 10.7%
In 2024, UGI reported operating margin of 10.68%, expanded 26.9 percentage points from 2023.
UGI Operating Margin 2023: -16.2%
UGI operating margin in 2023 was -16.17%, contracted 32.7 percentage points from 2022. This figure represents the lowest annual value in the available history.
UGI Operating Margin 2022: 16.5%
2022's operating margin for UGI came in at 16.49%, contracted 15.1 percentage points from 2021.
UGI Operating Margin 2021: 31.6%
UGI operating margin in 2021 was 31.56%.
See more financial history for UGI (UGI).
Sector peers by Operating Margin
Utilities peers of UGI (UGI), ranked by their latest operating margin
Frequently asked questions
UGI (UGI) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation