Patria Investments Ltd

Patria Investments Ltd

PAX
Patria Investments LtdUS flagNASDAQ
11.14
USD
-0.17
- -
1.80BMarket Cap
Patria Investments Ltd
PAX
(NASDAQ)

Recent

price

11.14

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.79
0.92
0.86
1.73
1.76
2.21
2.44
2.39
2.49
Revenue per Share
0.33
0.44
0.47
0.9
0.63
0.8
0.47
0.54
0.45
Basic EPS, GAAP
0.28
0.33
0.39
0.78
0.5
0.96
0.9
1.59
1.14
Free Cash Flow per Basic Share
0.28
0.35
0.48
0.88
0.7
0.98
0.86
0.6
0.6
Dividend per Share
0.54
0.61
0.43
3.83
3.76
3.66
3.13
3.84
3.45
Book Value per Share
0.3
0.42
0.26
1.4
0.96
0.37
-1.43
-1.33
-2.79
Tangible Book Value per Share
134
134
134
136
147
148
154
160
160
Basic Weighted Avg Shares
106
123
115
236
259
328
374
382
399
Sales/Revenue/Turnover
44.04
52.5
58.43
58.27
50.38
50.01
44.33
37.46
36.48
Operating Margin (%)
7
8
8
9
21
27
36
46
46
Depreciation Expense
44
59
62
122
93
118
72
86
72
Net Income, GAAP
4.29
5.45
4.83
0.31
8.15
- -
11.98
1.86
9.55
Effective Tax Rate (%)
41.33
47.41
54.09
52
35.91
36.14
19.21
22.44
18.07
Profit Margin (%)
37
38
10
196
142
4
-25
-10
-310
Working Capital
- -
2
1
7
14
13
168
194
17
LT Debt
78
89
59
564
513
521
491
633
624
Total Equity
- -
66.37
81.8
42.75
21.55
- -
22.52
17.49
15.37
Return on Invested Capital (%)
- -
67.28
83.15
39.44
16.97
- -
12.22
12.26
9.71
Return on Capital (%)
- -
76.63
89.85
39.41
16.64
21.62
14.04
15.68
13.09
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
46
4
261
LT Borrowings
105
175
- -
LT Finance Leases
20
19
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
158
159
161
Market Capitalization
2,306
2,534
2,034

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
245
405
496
Cash, Cash Equivalents & STI
52
89
87
Accounts Receivable, Net
89
119
217
Inventories
- -
- -
- -
Total Current Liabilities
357
415
806
Payables & Accruals
206
242
361
ST Debt
46
4
261
Deferred Revenue
30
- -
37

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
174.19%
29.02%
Free Cash Flow
- -
49.05%
84.01%
Net Income, GAAP
- -
16.01%
19.17%
Sales/Revenue/Turnover
- -
31.49%
2.01%
Total Cash Common Dividend
- -
15.12%
-28.13%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
64
75
78
157
374
2025
80
83
86
133
382
2026
97
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
- -
- -
0.36
0.47
2025
0.1
0.08
0.14
- -
0.54
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.18
0.15
0.15
0.86
2025
0.15
0.15
0.15
- -
0.6
2026
0.15
- -
- -
- -
- -
Business
Patria Investments Limited operates as a Cayman Islands-based global alternative investment management firm primarily focused on Latin America. The company offers a diversified range of investment products and services including private equity funds; infrastructure development funds; credit solutions encompassing secured lending and distressed debt; real estate investment; public equities; and a global private markets solutions vertical. Its investment portfolio spans resilient sectors such as agribusiness, healthcare, education, food and beverages, diversified agribusiness, transportation, energy, logistics, and digital and tech services, targeting institutional investors, pension funds, sovereign wealth funds, and family offices. Patria seeks to provide portfolio diversification and consistent returns through active investment management and operational improvements. The firm was founded over 35 years ago, with headquarters in the Cayman Islands, and maintains significant operations across Brazil, Colombia, Chile, Uruguay, and other Latin American countries, as well as select presence in the United States and United Kingdom. Recent major developments include the acquisition and integration of Aberdeen’s private equity solutions business, expanding its offerings to form a new vertical called Global Private Market Solutions (GPMS) with fee-earning assets under management exceeding $10 billion. Patria also completed the acquisition of Credit Suisse's real estate fund management business in Brazil, enhancing its infrastructure and real estate platforms. The firm has raised substantial capital for new funds, including a BRL5 billion infrastructure fund supported by development banks and pension funds, and launched a new LatAm-focused private credit fund. In 2024, it launched an energy trading company, Tria, to complement its investments in energy infrastructure. Patria is focused on organic growth as well as strategic partnerships, notably its recent partnership with Bancolombia to expand its real estate investment trust market footprint in Colombia. The company projects significant growth in fee-related earnings, with targeted 2024 and 2025 earnings well above previous years, driven by diversified product offerings and geographic expansion across Latin America. Patria Investments Limited remains a leading alternative asset manager in Latin America, distinguished by its multi-asset product platform, regional expertise, and active asset management approach designed to maximize investor returns while fostering sustainable development across key sectors and markets.

Company News

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  • Patria Investments Limited (PAX) Q2 2026 Earnings Call Transcript

  • Patria Investments (PAX) Tops Q2 Earnings and Revenue Estimates

  • Patria Reports Second Quarter 2026 Earnings Results

  • Patria Announces Second Quarter 2026 Investor Call

  • 20 July Ideal 'Safer' Russell Index Buys You Might Choose To Hold Forever

  • Patria Investments successfully raises over USD 670m for its Secondary Opportunities Fund V

  • Patria Investments: The Discount Has Become Too Large To Ignore (Upgrade)

  • Patria Investments Limited (PAX) Q1 2026 Earnings Call Transcript

  • Patria Investments (PAX) Misses Q1 Earnings and Revenue Estimates

  • Patria Reports First Quarter 2026 Earnings Results

  • Patria Announces First Quarter 2026 Investor Call

  • Patria Investments: Still A Buy After Acquisition Spree (Rating Downgrade)

  • Patria Investments Limited (PAX) Discusses Diversity and Strategies Within the Credit Platform Transcript

  • Patria Investments Limited Investigated by the Portnoy Law Firm

  • Patria Investments Completes Acquisition of WP Global Partners