Patria Investments (PAX) Free Cash Flow (2020 - 2025)

Patria Investments (PAX) recorded quarterly Free Cash Flow of $22.3 million in Q4 2025, down 67.27% quarter-over-quarter from $68.2 million in Q3 2025, and up 7.86% on a YoY basis from $20.7 million in Q4 2024.

Patria Investments (PAX) Free Cash Flow (2020 - 2025) Analysis & Trends

Patria Investments' Free Cash Flow history runs 6 years deep, the most recent figure standing at $22.3 million for Q4 2025.

  • In Q4 2025, Free Cash Flow rose 7.86% year-over-year to $22.3 million; the TTM figure through Dec 2025 stood at $267.4 million (up 89.95% YoY), while the FY2025 annual figure was $272.1 million, up 91.13% from the prior year.
  • Free Cash Flow was $22.3 million for Q4 2025 at Patria Investments, down from $68.2 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $100.1 million in Q1 2025 to a low of -$23.6 million in Q4 2022.
  • Historically, Free Cash Flow has averaged $37.0 million across 5 years, with a median of $33.6 million in 2021.
  • The sharpest annual moves came in 2021 and 2025: Free Cash Flow plunged 1475.61% in 2021, then surged 695.22% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at $26.0 million in 2021, then plunged by 190.75% to -$23.6 million in 2022, then soared by 238.15% to $32.6 million in 2023, then sank by 36.47% to $20.7 million in 2024, then advanced by 7.86% to $22.3 million in 2025.
  • The last three Free Cash Flow figures came in at $22.3 million (Q4 2025), $68.2 million (Q3 2025), and $76.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -1.09 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 957.64 Mn
3 Kkr 86.45 Bn 133.96 Bn - 1.72 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 1.62 Bn
5 State Street 46.95 Bn 21.27 Bn - -12.41 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 430.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - -329.40 Mn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 1.05 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 390.87 Mn
10 Patria Investments 181,920.00 -88.53 Mn - 22.31 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 22.31 Mn
Dec 31, 2025 22.31 Mn
Sep 30, 2025 68.17 Mn
Sep 30, 2025 68.17 Mn
Jun 30, 2025 76.87 Mn
Jun 30, 2025 76.87 Mn
Mar 31, 2025 100.07 Mn
Mar 31, 2025 100.07 Mn
Dec 31, 2024 20.68 Mn
Dec 31, 2024 20.68 Mn
Sep 30, 2024 68.50 Mn
Sep 30, 2024 68.50 Mn
Jun 30, 2024 9.67 Mn
Jun 30, 2024 9.67 Mn
Mar 31, 2024 41.94 Mn
Mar 31, 2024 41.94 Mn
Dec 31, 2023 32.56 Mn
Dec 31, 2023 32.56 Mn
Sep 30, 2023 46.04 Mn
Sep 30, 2023 46.04 Mn