PAXNasdaqInvestment AdviceFiscal year ends December 31
Patria Investments Ltd
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 30, 2026
$11.74+0.04 (+0.34%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 25.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2024
Gross margin
–
Operating margin
–
Net margin
19.2%−28.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.2% | +16.7% | +24.9% | – | |
| Net income | -39.3% | -16.3% | +4.2% | – | |
| EPS, diluted | -41.4% | -19.7% | +292.7% | – | |
| Free cash flow | -5.6% | +10.3% | +26.3% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 14.0% | |
| Return on assets | – | – | 6.5% | |
| Current ratio | – | 2.98 | 0.94 | |
| Interest coverage | – | 680.2× | – | |
| Capex to revenue | – | 0.1% | 1.0% | |
| Diluted shares | – | 117M | 154M |
Where the cash went
Fiscal 2020 to 2024, five years combined
Patria Investments generated $543.98M from operations and spent $304.23M on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$543.98M
Used
$304.23M
Capital expenditure$16.63M5%Dividends$287.60M95%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin19.2%
×Asset turnover0.34×
×Equity multiplier2.17×
=Return on equity, FY202414.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 19.2% | 0.34× | 2.17× | 14.0% |
| FY2023 | 36.1% | 0.33× | 1.81× | 21.6% |
| FY2022 | 35.9% | 0.30× | 1.56× | 16.6% |
| FY2021 | 52.0% | 0.54× | 1.40× | 39.4% |
| FY2020 | 54.1% | 1.04× | 1.60× | 89.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
4of 7 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero$71.88M
- Cash generatingOperating cash flow above zero$145.95M
- Return on assets improvedROA up on the prior year12.1% → 7.1%
- Earnings backed by cashOperating cash flow above net income$145.95M vs $71.88M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.01 → 0.94
- No dilutionShare count did not rise149M → 154M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.34 → 0.37