Growth Metrics

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

Patria Investments' 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 has reported FCF Margin for 6 years, with the latest figure at 16.75% in Q4 2025.

  • For the quarter ending Q4 2025, FCF Margin fell 210024.0% year-over-year to 16.75%; the trailing twelve-month figure through Dec 2025 stood at 70.05% (up 546.0% YoY), and the FY2025 full-year result was 71.27%, up 3323.0% from the prior year.
  • FCF Margin for Q4 2025 stood at 16.75%, down from 78.84% in the prior quarter.
  • The five-year high for FCF Margin was 2116.99% in Q4 2024, with the low at 871.85% in Q4 2022.
  • Average FCF Margin over 5 years is 119.31%, with a median of 60.91% recorded in 2021.
  • Year-over-year, FCF Margin soared 208785 bps in 2024 and plunged 210024 bps in 2025.
  • Tracing PAX's FCF Margin over 5 years: stood at 56.19% in 2021, then slumped by 1652 bps to 871.85% in 2022, then jumped by 103 bps to 29.14% in 2023, then jumped by 7166 bps to 2116.99% in 2024, then slumped by 99 bps to 16.75% in 2025.
  • The last three FCF Margin figures came in at 16.75% (Q4 2025), 78.84% (Q3 2025), and 93.16% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -16.21%
2 Blackstone 92.68 Bn 91.63 Bn - 26.47%
3 Kkr 84.94 Bn 132.45 Bn - 39.82%
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 24.81%
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 32.02%
6 State Street 44.42 Bn 18.75 Bn - -327.00%
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 8.80%
8 Northern Trust 31.21 Bn 31.21 Bn - -24.56%
9 Ares Management 28.85 Bn 32.22 Bn - 27.99%
10 Patria Investments 186,560.00 -88.53 Mn - 16.75%

Historic Data

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DateValue
Dec 31, 2025 16.75%
Sep 30, 2025 78.84%
Jun 30, 2025 93.16%
Mar 31, 2025 125.77%
Dec 31, 2024 2,116.99%
Sep 30, 2024 87.76%
Jun 30, 2024 12.89%
Mar 31, 2024 65.62%
Dec 31, 2023 29.14%
Sep 30, 2023 72.46%
Jun 30, 2023 54.28%
Mar 31, 2023 39.69%
Dec 31, 2022 -871.85%
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%
Jun 30, 2020 0.83%
Mar 31, 2020 72.11%