Patria Investments vs Sprott
Patria Investments is the larger business, with $382m of revenue in fiscal 2025 against $285m for Sprott (1.3 times as much). Sprott grew faster (59.6% against 2.0%). Sprott kept more of each dollar of sales as profit: a net margin of 23.6% against 22.4%. Sprott carries less debt relative to equity (0.0% against 28.6%).
| Latest fiscal year | Patria InvestmentsPAX, 2025 | SprottSII, 2025 |
|---|---|---|
| Revenue | $382m | $285m |
| Revenue growth | 2.0% | 59.6% |
| Net income | $85.7m | $67.3m |
| Operating margin | — | — |
| Net margin | 22.4% | 23.6% |
| Return on equity | 15.7% | 19.5% |
| Free cash flow | $272m | $95.8m |
| Cash | $53.6m | $123m |
| Total debt | $175m | $0 |
| Debt to equity | 28.6% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | 1.3% |
| Share buybacks | — | $1.6m |
| Employees | — | — |
| Market value | $1.51bn | $2.71bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 12 buys, 2 sales | 0 buys, 0 sales |