Patria Investments (PAX) vs Sixth Street Specialty Lending (TSLX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Sixth Street Specialty Lending (TSLX) has outperformed Patria Investments (PAX) over the past year, losing 18.5% versus a loss of 20.2%. Over five years, TSLX leads with a -24.4% price change compared with -34.0% for PAX. Patria Investments is the larger company by market cap ($1.85 billion vs $1.68 billion), about 1.1 times the size.
On valuation, Patria Investments trades at a lower forward P/E (7.8x vs 9.6x for Sixth Street Specialty Lending). Sixth Street Specialty Lending offers the higher dividend yield (10.76% vs 5.46%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | PAX | TSLX |
|---|---|---|
| Share price | $11.26 | $17.57 |
| Market cap | $1.85B | $1.68B |
| 1-day change | +1.35% | +2.27% |
| YTD return | -29.14% | -19.11% |
| 1-year return | -20.20% | -18.54% |
| 5-year return | -34.00% | -24.43% |
| P/E ratio (TTM) | 26.19 | 18.89 |
| Forward P/E | 7.79 | 9.60 |
| EPS (TTM) | $0.43 | $0.93 |
| Dividend yield | 5.46% | 10.76% |
| Annual dividend | $0.615 | $1.89 |
| Revenue (latest FY) | $374.20M | — |
| Revenue growth (YoY) | +14.22% | — |
| Net income (latest FY) | $71.88M | $170.52M |
| Net margin | 19.21% | — |
| 52-week high | $17.80 | $23.19 |
| 52-week low | $9.89 | $16.04 |
| Distance from 52-week high | -36.74% | -24.23% |
| Analyst consensus | buy | none |
| Avg. price target upside | +33.21% | +12.52% |
| Average volume | 1.12M | 459.90K |
| Shares outstanding | 71.00M | 95.34M |
| Employees | 548 | — |
| Sector | Finance | Financial Services |
| Industry | Investment Managers | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Patria Investments trades at a higher earnings multiple (26.2x vs 18.9x trailing P/E).
- Sixth Street Specialty Lending offers a meaningfully higher dividend yield (10.76% vs 5.46%).
- The two companies sit in different sectors: Patria Investments in Finance and Sixth Street Specialty Lending in Financial Services.
About Patria Investments
PAX stock →Patria Investments Limited operates as a private market investment firm. It specializes in investments in private equity, secondary direct and indirect and venture capital with focus in middle market, buyout and growth capital investments.
Finance · Investment Managers · 548 employees
About Sixth Street Specialty Lending
TSLX stock →Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company.
Financial Services · Asset Management
PAX vs TSLX FAQ
Which is bigger, Patria Investments or Sixth Street Specialty Lending?
Patria Investments (PAX) is larger, with a market capitalization of $1.85B compared with $1.68B for Sixth Street Specialty Lending (TSLX).
Which stock has performed better over the past year, PAX or TSLX?
TSLX returned -18.54% over the past 12 months, compared with -20.20% for PAX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PAX or TSLX?
TSLX has the lower trailing P/E at 18.9, versus 26.2 for PAX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Patria Investments or Sixth Street Specialty Lending?
Sixth Street Specialty Lending has the higher yield at 10.76%, compared with 5.46% for Patria Investments.
Are Patria Investments and Sixth Street Specialty Lending in the same industry?
No. Patria Investments is in the Finance sector, while Sixth Street Specialty Lending is in Financial Services.