Patria Investments Limited (PAX) AI Stock Analysis

Patria Investments Limited stands as a prominent private market investment firm specializing in opportunities across Latin America. Founded in 1994 and headquartered in Grand Cayman, the firm focuses on providing asset management services to institutional and individual clients. Its portfolio includes private equity funds, infrastructure development funds, co-investment funds, constructivist equity funds, as well as real estate and credit funds. Patria Investments leverages local knowledge and regional networks to identify opportunities aligned with evolving economic trends in Latin America, while also evaluating emerging technologies like cryptocurrencies.

Patria Investments expanded annual revenue from $235.5M in FY2021 to $383.8M in FY2025, recording a 5-year revenue CAGR of 27.3%. Annual revenue growth moderated to 2.6% in FY2025 from 14.2% in FY2024, while net income rose to $85.6M with a net margin of 22.3%. Operating margin narrowed from 58.3% in FY2021 to 34.2% in FY2025. Over the trailing twelve months ending September 30, 2026, revenue reached $428.0M with a profit margin of 16.4% and an operating margin of 28.6%. In the latest quarter, quarterly revenue grew 34.9% year-over-year, while quarterly earnings fell 18.5%.

As of September 30, 2026, Patria Investments held $113.5M in cash and short-term investments against total debt of $445.2M, resulting in net debt of $331.8M. The company reported shareholders' equity of $563.6M, a current ratio of 1.04, and a debt-to-equity ratio of 0.79. In FY2025, operating cash flow reached $268.9M and free cash flow was $258.3M. Capital deployment in FY2025 included $10.6M in capital expenditures, $56.2M in share buybacks, and $95.1M in dividends paid.

At a last close of $11.70, Patria Investments has a market cap of $1.92B and an enterprise value of $1.84B. The stock trades at a trailing P/E of 27.2x, which is above the 12.1x median of its US-listed Financial Services peers, but its forward P/E of 8.1x sits below the peer median of 10.8x. Its price-to-sales ratio is 4.5x compared to the peer median of 3.2x. Over the past year, PAX fell 14.3%, trailing the S&P 500 return of 16.8%, and its 5-year return of -10.2% lagged the index return of 83.0%.

Patria Investments pays a quarterly dividend with an annual forward dividend of $0.65, representing a yield of 5.55%. The company has paid dividends for 6 consecutive years, supported by a payout ratio of 45.0%. Total dividends paid in FY2025 reached $95.1M, and the firm's most recent ex-dividend date was August 10, 2026.

Wall Street analysts track Patria Investments with 2 Strong Buy, 1 Buy, 2 Hold, and 1 Sell recommendations. The mean price target is $15.00, representing a 28.2% upside from the last close of $11.70. For the fiscal year ending December 31, 2026, analysts project revenue of $434.8M and EPS of $1.35. For the following fiscal year, 5 analysts project revenue of $477.3M and EPS of $1.45. Patria beat EPS estimates in 3 of the last 4 quarters, with next earnings scheduled for November 3, 2026.

This page is an AI-written research summary of Patria Investments Limited (PAX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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