Patria Investments
PAX
11.11
-0.09
-0.80%
Patria Investments
US · PAX
#2872 by market cap
Listed 2021
11.11
-0.09
-0.80%
Live - 5344 symbols - heartbeat 405s ago
· 2026-10-07 20:02
After-hours
11.00
-0.99%
- Market cap
- 1.82B
- P/E (TTM)i
- 25.78
- P/Bi
- 3.23
- EPSi
- 0.53
- Div yieldi
- 5.52%
- 52W posi
- 17%
Reader sentiment
Are you bullish or bearish on PAX?
Anonymous reader poll. Unscientific, not investment advice.
Revenue annual, last 8 years
Latest year +2.01% YoY
Margins
- Gross margin
- 84.23%
- Operating margin
- 37.46%
- Net margin
- 22.44%
Key ratios & quality
- Enterprise valuei
- 1.91B
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 105.67M | 123.22M | 115.02M | 235.52M | 258.88M | 327.62M | 374.20M | 381.73M |
| Gross profit | 64.26M | 80.30M | 104.39M | 220.88M | 224.05M | 288.88M | 323.72M | 321.52M |
| Selling & admin expenses | 16.44M | 12.90M | 29.30M | 74.56M | 71.76M | 97.13M | 120.89M | 131.19M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 46.54M | 64.83M | 67.21M | 137.22M | 130.41M | 163.86M | 165.90M | 143.01M |
| Pretax profit | 46.46M | 64.45M | 64.98M | 121.57M | 102.45M | 118.00M | 85.99M | 92.27M |
| Tax | 1.99M | 3.51M | 3.14M | 381.00K | 8.35M | -2.82M | 10.31M | 1.72M |
| Net profit | 44.46M | 60.94M | 61.84M | 121.19M | 94.10M | 120.82M | 75.69M | 90.55M |
| Basic EPS | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 |
| Diluted EPS | 0.33 | 0.44 | 0.47 | 0.90 | 0.63 | 0.80 | 0.47 | 0.53 |
| Line item | 2024-12 | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 |
|---|---|---|---|---|---|---|
| Revenue | 157.24M | 79.57M | 82.52M | 86.46M | 133.18M | 97.07M |
| Gross profit | 143.73M | 65.37M | 67.93M | 71.62M | 116.90M | 78.11M |
| Selling & admin expenses | 51.62M | 24.49M | 26.80M | 28.73M | 51.16M | 35.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 79.73M | 29.42M | 30.15M | 30.48M | 53.27M | 31.74M |
| Pretax profit | 52.60M | 14.60M | 14.95M | 24.56M | 38.15M | 9.23M |
| Tax | -2.82M | -1.95M | 829.00K | 355.00K | 2.49M | 4.63M |
| Net profit | 55.42M | 16.56M | 14.12M | 24.21M | 35.66M | 4.60M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.37 | 0.10 | 0.08 | 0.14 | 0.21 | 0.01 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 59.08M | 56.82M | 53.68M | 352.32M | 479.64M | 401.59M | 372.68M | 405.27M |
| Cash & ST investments | 42.11M | 37.15M | 23.98M | 167.13M | 72.06M | 33.20M | 38.37M | 88.71M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 122.94M | 114.86M | 107.20M | 761.32M | 976.24M | 1.01B | 1.21B | 1.50B |
| Total current liabilities | 22.16M | 19.04M | 44.04M | 156.23M | 338.00M | 397.50M | 397.39M | 415.01M |
| Short-term debt | -- | 1.21M | 780.00K | 951.00K | 2.24M | 3.01M | 82.24M | 4.33M |
| Long-term debt | -- | -- | -- | -- | -- | -- | 149.45M | 174.87M |
| Total liabilities | 45,320,000.00 | 26,108,000.00 | 48,130,000.00 | 197,036,000.00 | 462,780,000.00 | 490,236,000.00 | 715,175,000.00 | 861,690,000.00 |
| Total equity | 77.62M | 88.75M | 59.07M | 564.29M | 513.46M | 521.34M | 490.93M | 633.42M |
| Retained earnings | 72.91M | 85.48M | 62.00M | 87.95M | 77.58M | 50.83M | -- | -- |
| Line item | 2024-12 | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 |
|---|---|---|---|---|---|---|
| Total current assets | 372.68M | 397.24M | 312.18M | 245.29M | 405.27M | 496.15M |
| Cash & ST investments | 38.37M | 50.64M | 109.74M | 52.36M | 88.71M | 86.85M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 1.21B | 1.33B | 1.32B | 1.33B | 1.50B | 1.78B |
| Total current liabilities | 397.39M | 410.81M | 401.94M | 356.59M | 415.01M | 806.27M |
| Short-term debt | 82.24M | 45.95M | 90.85M | 45.97M | 4.33M | 260.89M |
| Long-term debt | 149.45M | 150.26M | 76.00M | 104.94M | 174.87M | -- |
| Total liabilities | 715,175,000.00 | 777,822,000.00 | 729,203,000.00 | 722,430,000.00 | 861,690,000.00 | 1,155,722,000.00 |
| Total equity | 490.93M | 556.17M | 588.76M | 603.08M | 633.42M | 623.83M |
| Retained earnings | -- | 0 | 0 | 0 | -- | -- |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 39.52M | 44.47M | 52.70M | 107.56M | 81.05M | 156.73M | 145.95M | 282.61M |
| Depreciation & amortization | 7.20M | 8.28M | 7.69M | 8.76M | 21.20M | 27.12M | 35.82M | 46.35M |
| Free cash flow | 38.09M | 44.32M | 52.04M | 105.72M | 74.34M | 141.71M | 137.66M | 253.32M |
| Dividends paid | -38.01M | -46.89M | -64.48M | -119.79M | -103.33M | -145.15M | -132.38M | -95.14M |
| Stock buybacks / issuance | -- | 0 | 0 | 302.72M | 230.00M | -65.16M | -141.30M | -56.23M |
| Ending cash balance | 2.35M | 4.12M | 14.05M | 15.26M | 26.52M | 16.05M | 33.42M | 53.60M |
| Line item | 2024-12 | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 |
|---|---|---|---|---|---|---|
| Operating cash flow | 25.94M | 100.07M | 76.87M | 65.90M | 39.77M | 31.44M |
| Depreciation & amortization | 12.14M | 11.23M | 10.81M | 12.30M | 12.00M | 11.13M |
| Free cash flow | 23.08M | 97.81M | 72.91M | 52.08M | 30.52M | 27.26M |
| Dividends paid | -23.01M | -23.59M | -23.71M | -23.92M | -23.92M | -24.08M |
| Stock buybacks / issuance | 0 | 0 | 0 | -56.23M | 0 | -12.68M |
| Ending cash balance | 33.42M | 36.07M | 28.54M | 30.34M | 53.60M | 50.88M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 60.98 | 76.63 | 89.85 | 39.41 | 16.64 | 21.62 | 14.04 | 15.68 |
| ROA %i | 35.52 | 49.23 | 56.03 | 28.20 | 10.70 | 11.91 | 6.48 | 6.34 |
| ROIC %i | 61.22 | 75.69 | 88.14 | 39.14 | 16.58 | 21.17 | 12.70 | 13.14 |
| 5-year avg ROE %i | -- | -- | -- | -- | 56.70 | 48.83 | 36.31 | 21.48 |
| EBIT margin %i | 44.16 | 53.13 | 57.30 | 52.05 | 40.27 | 36.40 | 26.03 | 28.36 |
| FCF / sales %i | 36.04 | 35.91 | 45.24 | 44.89 | 28.72 | 43.25 | 36.79 | 66.36 |
| Current ratioi | 2.67 | 2.98 | 1.22 | 2.26 | 1.42 | 1.01 | 0.94 | 0.98 |
| Quick ratioi | 2.32 | 2.55 | 1.11 | 1.78 | 0.60 | 0.42 | 0.67 | 0.55 |
| Debt / assetsi | 0.00 | 2.70 | 1.48 | 1.03 | 1.65 | 1.57 | 20.76 | 13.29 |
| LT debt / equityi | -- | 2.33 | 1.40 | 1.23 | 2.51 | 2.36 | 34.96 | 31.77 |
| Interest coveragei | 226.51 | 64.62 | 71.24 | 119.95 | 57.70 | 95.93 | 8.54 | 6.77 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 30.62 | 27.99 | 41.75 | 16.69 | 13.82 |
| Net income CAGR (3Y) %i | -- | -- | -- | 41.02 | 16.67 | 23.93 | -16.28 | -2.69 |
| FCF CAGR (3Y) %i | -- | -- | -- | 40.54 | 18.82 | 39.65 | 9.20 | 50.48 |
| Line item | 2024-12 | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 |
|---|---|---|---|---|---|---|
| ROE %i | 14.04 | 13.60 | 15.46 | 20.03 | 15.68 | 13.09 |
| ROA %i | 6.48 | 6.04 | 6.74 | 7.96 | 6.34 | 4.64 |
| ROIC %i | 12.70 | 12.96 | 13.82 | 16.75 | 13.14 | 10.64 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 26.03 | 25.28 | 27.83 | 30.37 | 28.36 | 25.28 |
| FCF / sales %i | 36.79 | 50.10 | 65.62 | 60.59 | 66.36 | 45.78 |
| Current ratioi | 0.94 | 0.97 | 0.78 | 0.69 | 0.98 | 0.62 |
| Quick ratioi | 0.67 | 0.54 | 0.50 | 0.42 | 0.55 | 0.40 |
| Debt / assetsi | 20.76 | 16.11 | 14.17 | 12.92 | 13.29 | 15.64 |
| LT debt / equityi | 34.96 | 30.97 | 16.67 | 21.36 | 31.77 | 3.13 |
| Interest coveragei | 8.54 | 5.46 | 6.05 | 7.46 | 6.77 | 7.20 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Revenue from management fees is the largest reported line at 102.75% of revenue, across 5 reported segments.
- The next-largest line, Revenue from advisory and other ancillary fees, is a distant second at 3.65% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Revenue from management fees102.75%
Revenue from advisory and other ancillary fees3.65%
Quote time 2026-10-07 20:02:35 · For reference only, not investment advice and not tailored to your situation.