Baytex Energy (BTE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Mar 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BTE SEC filings page.
Baytex Energy Corp. (BTE) reported $1.1B in revenue for fiscal year 2025, down 3.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Baytex Energy Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Baytex Energy Corp.'s revenue declined 3.6% year-over-year, from $1.1B to $1.1B. This contraction results in a growth score of 1/100.
With a current ratio of 3.61, Baytex Energy Corp. holds $3.61 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 87/100.
Not available for Baytex Energy Corp., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Baytex Energy Corp. posts a -25.3% return on equity (ROE), meaning it loses $25 for every $100 of shareholders' equity. This results in a returns score of 12/100. This is down from 5.7% the prior year.
Baytex Energy Corp. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Baytex Energy Corp. reported a net loss of $440.3M while generating $1.1B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Baytex Energy Corp. generated $1.1B in revenue in fiscal year 2025. This represents a decrease of 3.6% from the prior year.
Baytex Energy Corp. reported a net loss of $440.3M in fiscal year 2025. This represents a decrease of 368.0% from the prior year.
Baytex Energy Corp. earned -$0.57 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 382.4% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Baytex Energy Corp. held $695.1M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Baytex Energy Corp.'s net profit margin was -40.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 55.4 percentage points from the prior year.
Baytex Energy Corp.'s ROE was -25.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 30.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
BTE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B-3.6% | $1.1B-45.5% | $2.1B+19.5% | $1.7B+43.6% | $1.2B+88.0% | $636.5M-44.5% | $1.1B+40.2% | $817.3M+19.2% | $685.4M+52.9% | $448.4M |
| Interest Expense | $117.7M-10.1% | $131.0M+8.2% | $121.1M+103.8% | $59.4M-17.6% | $72.1M-13.7% | $83.5M-14.0% | $97.1M+11.3% | $87.3M-3.9% | $90.8M+6.7% | $85.1M |
| Income Tax | $90.2M+61.0% | $56.1Mn/m | -$214.5M-922.2% | $26.1M-59.0% | $63.6Mn/m | -$125.8Mn/m | -$51.3Mn/m | -$74.6Mn/m | -$125.0Mn/m | -$203.0M |
| Net Income | -$440.3M-368.0% | $164.3Mn/m | -$176.8M-128.0% | $632.3M-49.9% | $1.3Bn/m | -$1.9Bn/m | -$9.6Mn/m | -$238.4M-442.3% | $69.6Mn/m | -$361.4M |
| EPS (Basic) | -$0.57-382.4% | $0.20n/m | -$0.25-122.1% | $1.13-49.5% | $2.24n/m | -$3.41n/m | -$0.02 | -$0.68-330.6% | $0.30n/m | -$1.71 |
| EPS (Diluted) | -$0.57-382.4% | $0.20n/m | -$0.25-122.3% | $1.12-49.1% | $2.21n/m | -$3.41n/m | -$0.02 | -$0.68-330.6% | $0.30n/m | -$1.71 |
| Diluted Shares (Avg) | 769M-4.8% | 808M+14.6% | 705M+25.0% | 564M-1.4% | 572M+2.0% | 561M+0.6% | 557M | 352M+48.2% | 237M+11.8% | 212M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
BTE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B-54.7% | $5.4B-4.6% | $5.7B+49.8% | $3.8B-0.3% | $3.8B+41.6% | $2.7B-41.4% | $4.6B-2.4% | $4.7B+33.8% | $3.5B+2.1% | $3.4B |
| Current Assets | $868.1M+178.0% | $312.2M-6.3% | $333.3M+84.8% | $180.4M+26.6% | $142.5M+61.5% | $88.2M-38.1% | $142.5M+1.7% | $140.1M+33.5% | $104.9M+20.3% | $87.2M |
| Cash & Equivalents | $695.1M+5926.1% | $11.5M-72.7% | $42.3M+947.0% | $4.0Mn/m | $0n/m | $0-100.0% | $4.3Mn/m | $0n/m | $0-100.0% | $2.0M |
| Accounts Receivable | $98.6M-63.3% | $268.9M+4.6% | $257.1M+56.6% | $164.1M+20.9% | $135.7M+61.0% | $84.3M-37.1% | $134.1M+63.9% | $81.8M-9.3% | $90.2M+7.9% | $83.5M |
| Total Liabilities | $697.5M-72.0% | $2.5B-9.5% | $2.8B+79.7% | $1.5B-25.4% | $2.1B-7.5% | $2.2B-3.1% | $2.3B-6.0% | $2.4B+24.0% | $2.0B+0.8% | $1.9B |
| Current Liabilities | $240.8M-39.6% | $398.4M-5.7% | $422.7M+98.2% | $213.2M-19.6% | $265.1M+70.0% | $155.9M-13.4% | $180.1M-5.5% | $190.6M+21.0% | $157.6M+40.1% | $112.5M |
| Non-Current Liabilities | $456.7M-78.2% | $2.1B-10.2% | $2.3B+76.8% | $1.3B-26.2% | $1.8B-13.3% | $2.1B-2.2% | $2.1B-6.0% | $2.2B+24.3% | $1.8B-1.6% | $1.8B |
| Total Equity | $1.7B-39.8% | $2.9B0.0% | $2.9B+29.4% | $2.2B+29.4% | $1.7B+281.7% | $453.4M-80.1% | $2.3B+1.5% | $2.2B+46.4% | $1.5B+3.8% | $1.5B |
| Retained Earnings | -$3.0Bn/m | -$2.4Bn/m | -$2.7Bn/m | -$2.4Bn/m | -$3.3Bn/m | -$4.5Bn/m | -$2.6Bn/m | -$2.4Bn/m | -$2.4Bn/m | -$2.3B |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Long-Term Debt.
BTE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1B-18.2% | $1.3B+35.0% | $981.5M+13.2% | $866.7M+55.5% | $557.6M+101.4% | $276.9M-57.0% | $644.1M+81.1% | $355.7M+36.9% | $259.8M+41.0% | $184.2M |
| Investing Cash Flow | $1.3Bn/m | -$888.4Mn/m | -$1.1Bn/m | -$361.4Mn/m | -$243.2Mn/m | -$246.6Mn/m | -$476.4Mn/m | -$339.5Mn/m | -$281.8Mn/m | -$217.7M |
| Financing Cash Flow | -$1.7Bn/m | -$464.0M-330.1% | $201.7Mn/m | -$501.3Mn/m | -$314.3Mn/m | -$34.7Mn/m | -$163.4Mn/m | -$16.2M-181.7% | $19.8M-43.9% | $35.3M |
| Dividends Paid | $50.5M+0.9% | $50.0M+75.9% | $28.4Mn/m | $0 | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.
BTE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -40.8%-55.4pp | 14.7%+23.3pp | -8.6%-45.4pp | 36.8% | 105.5% | -300.5% | -0.8%+28.3pp | -29.2%-39.3pp | 10.2%+90.8pp | -80.6% |
| Return on Equity | -25.3%-30.9pp | 5.7%+11.8pp | -6.1%-34.3pp | 28.2%-44.7pp | 73.0%+494.8pp | -421.8%-421.4pp | -0.4%+10.2pp | -10.7%-15.2pp | 4.5%+29.1pp | -24.5% |
| Return on Assets | -18.1%-21.1pp | 3.0%+6.2pp | -3.1%-19.9pp | 16.8%-16.6pp | 33.4%+104.9pp | -71.6%-71.4pp | -0.2%+4.9pp | -5.1%-7.1pp | 2.0%+12.6pp | -10.6% |
| Current Ratio | 3.61+2.8x | 0.780.0x | 0.79-0.1x | 0.85+0.3x | 0.540.0x | 0.57-0.2x | 0.79+0.1x | 0.73+0.1x | 0.67-0.1x | 0.78 |
| Liabilities-to-Equity | 0.40-0.5x | 0.86-0.1x | 0.95+0.3x | 0.68-0.5x | 1.19-3.7x | 4.89+3.9x | 1.01-0.1x | 1.09-0.2x | 1.280.0x | 1.32 |
| Asset Turnover | 0.44+0.2x | 0.21-0.2x | 0.36-0.1x | 0.46+0.1x | 0.32+0.1x | 0.240.0x | 0.25+0.1x | 0.170.0x | 0.20+0.1x | 0.13 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Baytex Energy Corp. BTE | FY2025 | $1.1B | -$440.3M | -40.8% | $3.9B | 37/100 |
| BKV Corporation BKV | FY2025 | $1.1B | $179.2M | 15.7% | $2.3B | 34/100 |
| Talos Energy, Inc. TALO | FY2025 | $1.8B | -$494.3M | -27.8% | $3.1B | 36/100 |
| Mach Natural Resources LP Common Units MNR | FY2025 | $1.2B | $143.0M | 12.2% | $1.8B | 58/100 |
| Kimbell Royalty Partners, LP Common Units KRP | FY2025 | $333.8M | $90.9M | 27.2% | $1.7B | 71/100 |
| VERMILION ENERGY INC. VET | FY2025 | $1.3B | -$476.7M | -37.0% | $2.2B | 28/100 |
Where Baytex Energy Corp. Ranks
Frequently Asked Questions
What is Baytex Energy Corp.'s annual revenue?
Baytex Energy Corp. (BTE) reported $1.1B in total revenue for fiscal year 2025. This represents a -3.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Baytex Energy Corp.'s revenue growing?
Baytex Energy Corp. (BTE) revenue declined by 3.6% year-over-year, from $1.1B to $1.1B in fiscal year 2025.
Is Baytex Energy Corp. profitable?
No, Baytex Energy Corp. (BTE) reported a net loss of $440.3M in fiscal year 2025, with a net profit margin of -40.8%.
What is Baytex Energy Corp.'s net profit margin?
Baytex Energy Corp. (BTE) had a net profit margin of -40.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Baytex Energy Corp.'s return on equity (ROE)?
Baytex Energy Corp. (BTE) has a return on equity of -25.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Baytex Energy Corp.'s operating cash flow?
Baytex Energy Corp. (BTE) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Baytex Energy Corp.'s total assets?
Baytex Energy Corp. (BTE) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Baytex Energy Corp.'s current ratio?
Baytex Energy Corp. (BTE) had a current ratio of 3.61 as of fiscal year 2025, which is generally considered healthy.
What is Baytex Energy Corp.'s liabilities-to-equity ratio?
Baytex Energy Corp. (BTE) had a liabilities-to-equity ratio of 0.40 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Baytex Energy Corp.'s return on assets (ROA)?
Baytex Energy Corp. (BTE) had a return on assets of -18.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Baytex Energy Corp.'s P/E ratio?
Baytex Energy Corp. (BTE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $3.9B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Baytex Energy Corp.'s price-to-sales ratio?
Baytex Energy Corp. (BTE) trades at 3.6x sales, its market capitalization divided by $1.1B revenue, FY2025. The market capitalization is $3.9B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Baytex Energy Corp.'s Piotroski F-Score?
Baytex Energy Corp. (BTE) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Baytex Energy Corp.'s earnings high quality?
Baytex Energy Corp. (BTE) reported a net loss of $440.3M while generating $1.1B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Baytex Energy Corp.?
Baytex Energy Corp. (BTE) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Baytex Energy Corp. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.