Patria Investments (PAX) FCF Margin (2020 - 2025)

Patria Investments' (PAX) quarterly FCF Margin came in at 16.75% in Q4 2025, down 210024.0% year-on-year from N/an in Q4 2024, and down 78.75% quarter-over-quarter from 78.84% in Q3 2025.

Patria Investments (PAX) FCF Margin (2020 - 2025) Analysis & Trends

Patria Investments' FCF Margin history runs 6 years deep, the most recent figure standing at 16.75% for Q4 2025.

  • On a quarterly basis, FCF Margin fell 210024.0% year-over-year to 16.75% in Q4 2025; TTM through Dec 2025 was 71.27%, a 596.0% increase from a year earlier, with the FY2025 full-year figure at 71.27%, up 3323.0% from the prior year.
  • FCF Margin retreated to 16.75% in Q4 2025 per PAX's latest filing, from 78.84% in the prior quarter.
  • Across five years, FCF Margin topped out at 2116.99% in Q4 2024 and bottomed at 435.92% in Q4 2022.
  • The 5-year median for FCF Margin is 61.7% (2021), against an average of 141.53%.
  • Across the five-year window, FCF Margin soared 208785 bps in 2024 and plunged 210024 bps in 2025, its largest moves.
  • Year by year, FCF Margin stood at 56.19% in 2021, then slumped by 876 bps to 435.92% in 2022, then soared by 107 bps to 29.14% in 2023, then soared by 7166 bps to 2116.99% in 2024, then sank by 99 bps to 16.75% in 2025.
  • Per Business Quant, the three latest PAX FCF Margin figures stand at 16.75% (Q4 2025), 78.84% (Q3 2025), and 96.13% (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - -16.21%
3 Blackstone 97.77 Bn 96.72 Bn - 26.47%
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 746.54%
5 State Street 51.30 Bn 51.30 Bn - -327.00%
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 8.80%
7 Northern Trust 32.93 Bn 32.93 Bn - -24.56%
8 Raymond James Financial 32.59 Bn 17.67 Bn - 27.31%
9 Price T Rowe 24.70 Bn 21.13 Bn - 41.05%
10 Patria Investments 1.72 Bn 1.48 Bn - 16.75%

Historic Data

Download Data
DateValue
Dec 31, 2025 16.75%
Sep 30, 2025 78.84%
Jun 30, 2025 96.13%
Mar 31, 2025 128.51%
Dec 31, 2024 2,116.99%
Sep 30, 2024 87.76%
Jun 30, 2024 13.60%
Mar 31, 2024 67.21%
Dec 31, 2023 29.14%
Sep 30, 2023 72.46%
Jun 30, 2023 54.87%
Mar 31, 2023 39.51%
Dec 31, 2022 -435.92%
Sep 30, 2022 107.33%
Jun 30, 2022 18.74%
Mar 31, 2022 50.18%
Dec 31, 2021 56.19%
Sep 30, 2021 121.54%
Jun 30, 2021 -2.37%
Mar 31, 2021 113.08%