Who are Patria Investments's main competitors?

Named competitors: Vinci Partners (VINP), Advent International (private or unlisted), Actis (private or unlisted). The cockpit's measured peer set (industry) also includes Antin Infrastructure Partners (ANTIN.PA), JF SmartInvest (9636.HK), Perpetual (PPT.AX), Mlp (MLP.DE), Barrenjoey (BJY.AX), Perella Weinberg Partners (PWP).

Is Patria Investments expensive compared with its peers?

On forward p/e it trades at 6.8× against a peer median of 14.5×, cheapest of 17 in its peer set.

How has Patria Investments stock performed?

Over six months to 6 Nov 2026 the shares returned -23.2% against -5.2% for the median peer; over one year -37.5%.

← CockpitCompetitor Analysis › PAX Patria Investments Ltd. Class AOpen in the cockpit ↗

Patria Investments Ltd. Class APAXCompetitor analysis, valuation and peers

United States · USD·Financials›Investment Managers

Latin American alternative asset manager investing in private equity, infrastructure and credit, based in Brazil.

Momentum weak 23

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.55B

US dollars, full cap

Free float

92%

of shares outstanding

$/day

$16.5M

20-day average traded

Fwd P/E

6.8×

forward earnings

ROIC−WACC

n/a

WACC 8.2%

Hurdle

n/a

no reverse DCF

Next earnings

102 days

16 Feb 2027

Close · USD$9.50

1D-1.1%

1W+3.5%

1M-15.6%

3M-15.2%

6M-23.2%

YTD-40.2%

1Y-37.5%

ATR %4.8%

Beta1.07

52w lowhigh46.6% off high

What Patria Investments does

Latin American alternative asset manager investing in private equity, infrastructure and credit, based in Brazil.

Earns management fees on money committed to its funds, which is usually locked up for years, plus a share of profits (performance fees) when investments are sold. Fee income is steadier, while performance fees depend on the timing of sales.

Products and services

Private equity funds
Infrastructure funds
Credit strategies

Customers

Institutional investors
High-net-worth investors in Latin America

Where it sits in the supply chain

Asset management
Private markets investment management
Institutional and high-net-worth Latin…

What could go right

Latin American private markets fundraising growth
Infrastructure investment demand in the region

What could go wrong

Latin American macro/currency risk
Fundraising cyclicality

Moat: narrow (brand, process know-how, distribution). Established regional track record and local market access versus global managers entering Latin America.

Headquarters: Sao Paulo, Brazil · Founded: 1988 · Employees: 548

Named competitors

Vinci Partners VINP
Advent International private or unlisted
Actis private or unlisted

Patria Investments at a glance

Size Patria Investments (PAX) is a United States Financials company (Investment Managers) with a market value of $1.55B, the 1971st largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.50 on 6 Nov 2026.

Performance Over six months the shares fell 23.2%, against -5.2% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 20 in its peer set.

Growth Revenue grew 8.8% over the last twelve months (peer median +2.5%); the operating margin is 35.9% (peer median 27.0%).

Valuation It trades at 6.8× forward earnings against a peer median of 14.5× (cheapest of 17).

Short interest Short interest is 7.3% of the free float (15 Oct 2026).

Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Patria Investments against the median of its 20 peers (local-currency closes).

Patria Investments financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	$435M	$389M	$374M	$329M	$261M
Revenue growth	—	+4%	+14%	+26%	—
Gross profit	$368M	$328M	$307M	$175M	$135M
EBITDA	$206M	$204M	$181M	$151M	$145M
Net income	$70.0M	$85.7M	$71.9M	$118M	$93.0M
Free cash flow	$158M	$258M	$142M	$151M	$75.6M
Capital expenditure	$25.5M	$29.3M	$8.28M	$15.0M	$6.71M
Total debt	$375M	$199M	$250M	$15.8M	$16.1M

Quarterly statements and history in the cockpit →

Patria Investments competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Patria Investments is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Patria Investments is the large dot.

Patria Investments competitors and peer comparison

Head to head with its named competitors (PAX vs VINP)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Patria Investments PAX	$1.55B	-23%	+9%	36%	6.8×	n/a
Vinci Compass Investments VINP	$564M	-21%	+38%	37%	9.2×	n/a

How Patria Investments compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Patria Investments against its 20 peers (data as of 6 Nov 2026)
Measure	PAX	Peer median	Rank in peer set
1-month return	-15.6%	-2.0%	3rd lowest of 20
6-month return	-23.2%	-5.2%	6th lowest of 20
Distance from 52-week high	-46.6%	-25.7%	5th lowest of 20
Revenue growth (TTM)	+8.8%	+2.5%	6th highest of 21
Operating margin	35.9%	27.0%	8th highest of 20
Forward P/E	6.8×	14.5×	cheapest of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Patria Investments PAX	United States	$1.55B	-23%	+9%	36%	6.8×	n/a	n/a
Antin Infrastructure Partners ANTIN.PA	France	$1.52B	-25%	-12%	48%	13.4×	n/a	n/a
JF SmartInvest 9636.HK	Hong Kong	$1.47B	-36%	-23%	-5%	18.8×	n/a	n/a
Perpetual PPT.AX	Australia	$1.42B	+11%	-16%	10%	12.5×	n/a	n/a
Mlp MLP.DE	Germany	$1.40B	+46%	+4%	10%	15.5×	n/a	n/a
Barrenjoey BJY.AX	Australia	$1.74B	+1%	-17%	25%	15.4×	n/a	n/a
Perella Weinberg Partners PWP	United States	$1.35B	-26%	+2%	6%	9.6×	n/a	n/a
Ashmore ASHM.L	United Kingdom	$1.83B	-4%	+2%	62%	28.6×	n/a	n/a
Hainan Haide Capital Management 000567.SZ	China	$1.29B	-34%	+136%	73%	10.7×	n/a	n/a
Prudent Corporate Advisory Services PRUDENT.NS	India	$1.28B	-1%	+21%	24%	41.1×	n/a	n/a
EAAA India Alternatives EDELALTS.NS	India	$1.15B	n/a	+13%	62%	n/a	n/a	n/a
UTI Asset Management UTIAMC.NS	India	$1.13B	-15%	-1%	47%	14.3×	n/a	n/a
L1 Group Limited L1G.AX	Australia	$2.19B	+5%	+586%	82%	22.1×	n/a	n/a
Shaanxi International Trust 000563.SZ	China	$2.19B	-12%	-15%	60%	n/a	n/a	n/a
Zhejiang Orient 600120.SS	China	$2.22B	-22%	-87%	n/a	15.5×	n/a	n/a
China Everbright 0165.HK	Hong Kong	$1.08B	-25%	+3%	-69%	n/a	n/a	n/a
Ridgepost Capital RPC	United States	$1.07B	+11%	+8%	27%	9.0×	n/a	n/a
Rathbones RAT.L	United Kingdom	$2.42B	-8%	+5%	26%	9.9×	n/a	n/a
ANIMA ANIM.MI	Italy	$2.42B	-5%	+1%	28%	7.6×	n/a	n/a
XPS Pensions XPS.L	United Kingdom	$966M	+19%	+13%	16%	14.8×	n/a	n/a
CFM Indosuez Wealth MLCFM.PA	France	$964M	+30%	-19%	30%	n/a	n/a	n/a

Questions

Who are Patria Investments's main competitors?: Named competitors: Vinci Partners (VINP), Advent International (private or unlisted), Actis (private or unlisted). The cockpit's measured peer set (industry) also includes Antin Infrastructure Partners (ANTIN.PA), JF SmartInvest (9636.HK), Perpetual (PPT.AX), Mlp (MLP.DE), Barrenjoey (BJY.AX), Perella Weinberg Partners (PWP).
Is Patria Investments expensive compared with its peers?: On forward p/e it trades at 6.8× against a peer median of 14.5×, cheapest of 17 in its peer set.
How has Patria Investments stock performed?: Over six months to 6 Nov 2026 the shares returned -23.2% against -5.2% for the median peer; over one year -37.5%.