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

Patria Investments' (PAX) quarterly Free Cash Flow came in at $22.3 million in Q4 2025, up 7.86% year-on-year from $20.7 million in Q4 2024, and down 67.27% quarter-over-quarter from $68.2 million in Q3 2025.

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.

  • On a quarterly basis, Free Cash Flow rose 7.86% year-over-year to $22.3 million in Q4 2025; TTM through Dec 2025 was $272.1 million, a 91.13% increase from a year earlier, with the FY2025 full-year figure at $272.1 million, up 91.13% from the prior year.
  • Free Cash Flow eased to $22.3 million in Q4 2025 per PAX's latest filing, from $68.2 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $102.3 million in Q1 2025 and bottomed at -$23.6 million in Q4 2022.
  • The 5-year median for Free Cash Flow is $33.6 million (2021), against an average of $37.3 million.
  • Across the five-year window, Free Cash Flow plunged 1475.61% in 2021 and soared 677.55% in 2025, its largest moves.
  • Year by year, Free Cash Flow stood at $26.0 million in 2021, then slumped by 190.75% to -$23.6 million in 2022, then soared by 238.15% to $32.6 million in 2023, then tumbled by 36.47% to $20.7 million in 2024, then advanced by 7.86% to $22.3 million in 2025.
  • Per Business Quant, the three latest PAX Free Cash Flow figures stand at $22.3 million (Q4 2025), $68.2 million (Q3 2025), and $79.3 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - -1.09 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 957.64 Mn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 1.62 Bn
5 State Street 51.30 Bn 51.30 Bn - -12.41 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 430.00 Mn
7 Northern Trust 32.93 Bn 32.93 Bn - -329.40 Mn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 1.05 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 762.30 Mn
10 Patria Investments 1.72 Bn 1.48 Bn - 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 79.33 Mn
Jun 30, 2025 79.33 Mn
Mar 31, 2025 102.25 Mn
Mar 31, 2025 102.25 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 10.20 Mn
Jun 30, 2024 10.20 Mn
Mar 31, 2024 42.95 Mn
Mar 31, 2024 42.95 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