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Stock Comparison

PAX vs APO

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
PAX
Patria Investments Limited

Asset Management

Financial ServicesNASDAQ • KY
Market Cap$1.92B
5Y Perf.-32.5%
APO
Apollo Global Management, Inc.

Asset Management - Global

Financial ServicesNYSE • US
Market Cap$73.67B
5Y Perf.+178.2%

PAX vs APO — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
PAX logoPAX
APO logoAPO
IndustryAsset ManagementAsset Management - Global
Market Cap$1.92B$73.67B
Revenue (TTM)$384M$30.30B
Net Income (TTM)$86M$4.48B
Gross Margin96.2%88.5%
Operating Margin34.2%34.4%
Forward P/E8.4x14.4x
Total Debt$199M$13.36B
Cash & Equiv.$54M$19.24B

PAX vs APOLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

PAX
APO
StockJan 21May 26Return
Patria Investments … (PAX)10067.5-32.5%
Apollo Global Manag… (APO)100278.2+178.2%

Price return only. Dividends and distributions are not included.

Quick Verdict: PAX vs APO

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: PAX leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and capital preservation and lower volatility. Apollo Global Management, Inc. is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
PAX
Patria Investments Limited
The Banking Pick

PAX carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.

  • Dividend streak 0 yrs, beta 1.09, yield 5.0%
  • Lower volatility, beta 1.09, Low D/E 31.4%, current ratio 0.98x
  • Beta 1.09, yield 5.0%, current ratio 0.98x
Best for: income & stability and sleep-well-at-night
APO
Apollo Global Management, Inc.
The Banking Pick

APO is the clearest fit if your priority is growth exposure and long-term compounding.

  • Rev growth 16.0%, EPS growth -1.0%
  • 7.6% 10Y total return vs PAX's -19.3%
  • PEG 0.19 vs PAX's 2.99
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthAPO logoAPO16.0% NII/revenue growth vs PAX's 2.6%
ValuePAX logoPAXLower P/E (8.4x vs 14.4x)
Quality / MarginsAPO logoAPOEfficiency ratio 0.5% vs PAX's 0.6% (lower = leaner)
Stability / SafetyPAX logoPAXBeta 1.09 vs APO's 1.43, lower leverage
DividendsPAX logoPAX5.0% yield, vs APO's 1.7%
Momentum (1Y)PAX logoPAX+14.9% vs APO's +0.4%
Efficiency (ROA)APO logoAPOEfficiency ratio 0.5% vs PAX's 0.6%

PAX vs APO — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

PAXPatria Investments Limited
FY 2025
Advisory and Other Ancillary Fees
100.0%$10M
APOApollo Global Management, Inc.
FY 2025
Retirement Services Segment
84.4%$27.0B
Asset Management Segment
15.6%$5.0B

PAX vs APO — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLPAXLAGGINGAPO

Income & Cash Flow (Last 12 Months)

PAX leads this category, winning 3 of 5 comparable metrics.

APO is the larger business by revenue, generating $30.3B annually — 78.9x PAX's $384M. PAX is the more profitable business, keeping 22.3% of every revenue dollar as net income compared to APO's 14.8%.

MetricPAX logoPAXPatria Investment…APO logoAPOApollo Global Man…
RevenueTrailing 12 months$384M$30.3B
EBITDAEarnings before interest/tax$174M$11.5B
Net IncomeAfter-tax profit$86M$4.5B
Free Cash FlowCash after capex$268M$5.4B
Gross MarginGross profit ÷ Revenue+96.2%+88.5%
Operating MarginEBIT ÷ Revenue+34.2%+34.4%
Net MarginNet income ÷ Revenue+22.3%+14.8%
FCF MarginFCF ÷ Revenue+67.3%+24.6%
Rev. Growth (YoY)Latest quarter vs prior year
EPS Growth (YoY)Latest quarter vs prior year-40.5%+16.3%
PAX leads this category, winning 3 of 5 comparable metrics.

Valuation Metrics

APO leads this category, winning 5 of 7 comparable metrics.

At 17.6x trailing earnings, APO trades at a 21% valuation discount to PAX's 22.3x P/E. Adjusting for growth (PEG ratio), APO offers better value at 0.23x vs PAX's 7.92x — a lower PEG means you pay less per unit of expected earnings growth.

MetricPAX logoPAXPatria Investment…APO logoAPOApollo Global Man…
Market CapShares × price$1.9B$73.7B
Enterprise ValueMkt cap + debt − cash$2.1B$67.8B
Trailing P/EPrice ÷ TTM EPS22.30x17.60x
Forward P/EPrice ÷ next-FY EPS est.8.42x14.42x
PEG RatioP/E ÷ EPS growth rate7.92x0.23x
EV / EBITDAEnterprise value multiple15.74x5.92x
Price / SalesMarket cap ÷ Revenue5.01x2.43x
Price / BookPrice ÷ Book value/share3.00x1.83x
Price / FCFMarket cap ÷ FCF7.44x9.89x
APO leads this category, winning 5 of 7 comparable metrics.

Profitability & Efficiency

PAX leads this category, winning 6 of 9 comparable metrics.

PAX delivers a 14.4% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $12 for APO. PAX carries lower financial leverage with a 0.31x debt-to-equity ratio, signaling a more conservative balance sheet compared to APO's 0.31x. On the Piotroski fundamental quality scale (0–9), PAX scores 6/9 vs APO's 3/9, reflecting solid financial health.

MetricPAX logoPAXPatria Investment…APO logoAPOApollo Global Man…
ROE (TTM)Return on equity+14.4%+12.1%
ROA (TTM)Return on assets+6.3%+1.0%
ROICReturn on invested capital+12.5%+16.0%
ROCEReturn on capital employed+13.9%+8.8%
Piotroski ScoreFundamental quality 0–963
Debt / EquityFinancial leverage0.31x0.31x
Net DebtTotal debt minus cash$145M-$5.9B
Cash & Equiv.Liquid assets$54M$19.2B
Total DebtShort + long-term debt$199M$13.4B
Interest CoverageEBIT ÷ Interest expense7.45x28.98x
PAX leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

APO leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in APO five years ago would be worth $23,514 today (with dividends reinvested), compared to $10,537 for PAX. Over the past 12 months, PAX leads with a +14.9% total return vs APO's +0.4%. The 3-year compound annual growth rate (CAGR) favors APO at 29.2% vs PAX's -0.5% — a key indicator of consistent wealth creation.

MetricPAX logoPAXPatria Investment…APO logoAPOApollo Global Man…
YTD ReturnYear-to-date-23.4%-12.5%
1-Year ReturnPast 12 months+14.9%+0.4%
3-Year ReturnCumulative with dividends-1.4%+115.8%
5-Year ReturnCumulative with dividends+5.4%+135.1%
10-Year ReturnCumulative with dividends-19.3%+759.2%
CAGR (3Y)Annualised 3-year return-0.5%+29.2%
APO leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

Evenly matched — PAX and APO each lead in 1 of 2 comparable metrics.

PAX is the less volatile stock with a 1.09 beta — it tends to amplify market swings less than APO's 1.43 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. APO currently trades 81.3% from its 52-week high vs PAX's 67.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricPAX logoPAXPatria Investment…APO logoAPOApollo Global Man…
Beta (5Y)Sensitivity to S&P 5001.09x1.43x
52-Week HighHighest price in past year$17.80$157.28
52-Week LowLowest price in past year$10.86$99.56
% of 52W HighCurrent price vs 52-week peak+67.6%+81.3%
RSI (14)Momentum oscillator 0–10054.164.9
Avg Volume (50D)Average daily shares traded885K5.2M
Evenly matched — PAX and APO each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — PAX and APO each lead in 1 of 2 comparable metrics.

Wall Street rates PAX as "Buy" and APO as "Buy". Consensus price targets imply 49.5% upside for PAX (target: $18) vs 23.1% for APO (target: $157). For income investors, PAX offers the higher dividend yield at 5.00% vs APO's 1.67%.

MetricPAX logoPAXPatria Investment…APO logoAPOApollo Global Man…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$18.00$157.25
# AnalystsCovering analysts528
Dividend YieldAnnual dividend ÷ price+5.0%+1.7%
Dividend StreakConsecutive years of raises03
Dividend / ShareAnnual DPS$0.60$2.14
Buyback YieldShare repurchases ÷ mkt cap+2.9%+1.0%
Evenly matched — PAX and APO each lead in 1 of 2 comparable metrics.
Key Takeaway

PAX leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). APO leads in 2 (Valuation Metrics, Total Returns). 2 tied.

Best OverallPatria Investments Limited (PAX)Leads 2 of 6 categories
Loading custom metrics...

PAX vs APO: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is PAX or APO a better buy right now?

For growth investors, Apollo Global Management, Inc.

(APO) is the stronger pick with 16. 0% revenue growth year-over-year, versus 2. 6% for Patria Investments Limited (PAX). Apollo Global Management, Inc. (APO) offers the better valuation at 17. 6x trailing P/E (14. 4x forward), making it the more compelling value choice. Analysts rate Patria Investments Limited (PAX) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — PAX or APO?

On trailing P/E, Apollo Global Management, Inc.

(APO) is the cheapest at 17. 6x versus Patria Investments Limited at 22. 3x. On forward P/E, Patria Investments Limited is actually cheaper at 8. 4x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Apollo Global Management, Inc. wins at 0. 19x versus Patria Investments Limited's 2. 99x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

Which is the better long-term investment — PAX or APO?

Over the past 5 years, Apollo Global Management, Inc.

(APO) delivered a total return of +135. 1%, compared to +5. 4% for Patria Investments Limited (PAX). Over 10 years, the gap is even starker: APO returned +759. 2% versus PAX's -19. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — PAX or APO?

By beta (market sensitivity over 5 years), Patria Investments Limited (PAX) is the lower-risk stock at 1.

09β versus Apollo Global Management, Inc. 's 1. 43β — meaning APO is approximately 31% more volatile than PAX relative to the S&P 500. On balance sheet safety, Patria Investments Limited (PAX) carries a lower debt/equity ratio of 31% versus 31% for Apollo Global Management, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — PAX or APO?

By revenue growth (latest reported year), Apollo Global Management, Inc.

(APO) is pulling ahead at 16. 0% versus 2. 6% for Patria Investments Limited (PAX). On earnings-per-share growth, the picture is similar: Patria Investments Limited grew EPS 14. 9% year-over-year, compared to -1. 0% for Apollo Global Management, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — PAX or APO?

Patria Investments Limited (PAX) is the more profitable company, earning 22.

3% net margin versus 14. 8% for Apollo Global Management, Inc. — meaning it keeps 22. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: APO leads at 34. 4% versus 34. 2% for PAX. At the gross margin level — before operating expenses — PAX leads at 96. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is PAX or APO more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Apollo Global Management, Inc. (APO) is the more undervalued stock at a PEG of 0. 19x versus Patria Investments Limited's 2. 99x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Patria Investments Limited (PAX) trades at 8. 4x forward P/E versus 14. 4x for Apollo Global Management, Inc. — 6. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PAX: 49. 5% to $18. 00.

08

Which pays a better dividend — PAX or APO?

All stocks in this comparison pay dividends.

Patria Investments Limited (PAX) offers the highest yield at 5. 0%, versus 1. 7% for Apollo Global Management, Inc. (APO).

09

Is PAX or APO better for a retirement portfolio?

For long-horizon retirement investors, Apollo Global Management, Inc.

(APO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (1. 7% yield, +759. 2% 10Y return). Both have compounded well over 10 years (APO: +759. 2%, PAX: -19. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between PAX and APO?

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: PAX is a small-cap income-oriented stock; APO is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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PAX

Dividend Mega-Cap Quality

  • Sector: Financial Services
  • Market Cap > $100B
  • Net Margin > 13%
  • Dividend Yield > 2.0%
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APO

High-Growth Compounder

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 8%
  • Net Margin > 8%
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Beat Both

Find stocks that outperform PAX and APO on the metrics below

Revenue Growth>
%
(PAX: 2.6% · APO: 16.0%)
Net Margin>
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(PAX: 22.3% · APO: 14.8%)
P/E Ratio<
x
(PAX: 22.3x · APO: 17.6x)

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