Baytex Energy
BTE
4.58
-0.11
-2.35%
Baytex Energy
US · BTE
#2425 by market cap
Listed 1970
4.58
-0.11
-2.35%
Live - 5344 symbols - heartbeat 341s ago
· 2026-10-08 07:26
Pre-market
4.69
+2.47%
After-hours
4.60
+0.44%
- Market cap
- 3.20B
- P/E (TTM)i
- -7.10
- P/Bi
- 2.12
- EPSi
- -0.55
- Div yieldi
- 1.38%
- 52W posi
- 77%
Reader sentiment
Are you bullish or bearish on BTE?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.33, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -10.11% YoY
Margins
- Gross margin
- 25.32%
- Operating margin
- 13.43%
- Net margin
- -35.84%
Key ratios & quality
- Enterprise valuei
- 2.35B
- Altman Z-Scorei
- 1.33
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.43B | 1.81B | 975.48M | 1.87B | 2.89B | 3.38B | 1.87B | 1.68B |
| Gross profit | 176.01M | 287.48M | -54.36M | 635.77M | 1.13B | 869.28M | 529.52M | 426.58M |
| Selling & admin expenses | 65.36M | 61.36M | 43.74M | 51.93M | 79.33M | 107.49M | 70.23M | 91.94M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 41.14M | 156.70M | -149.53M | 523.98M | 953.10M | 643.19M | 357.03M | 226.29M |
| Pretax profit | -427.08M | -78.92M | -2.60B | 1.69B | 890.92M | -516.58M | -16.72M | -153.11M |
| Tax | -101.77M | -66.46M | -160.39M | 81.24M | 35.31M | -283.23M | 80.74M | 123.74M |
| Net profit | -325.31M | -12.46M | -2.44B | 1.61B | 855.61M | -233.36M | 236.60M | -603.78M |
| Basic EPS | -1 | 0 | -4 | 3 | 2 | 0 | 0 | -1 |
| Diluted EPS | -0.93 | -0.02 | -4.35 | 2.82 | 1.52 | -0.33 | 0.29 | -0.78 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 454.15M | 411.04M | 927.65M | -1.13B | 452.95M | 639.94M |
| Gross profit | 205.33M | 182.85M | 207.29M | -195.09M | 201.75M | 345.55M |
| Selling & admin expenses | 18.98M | 17.46M | 31.47M | 10.33M | 45.17M | 20.80M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 87.29M | 51.74M | 134.40M | -197.04M | 46.50M | 203.02M |
| Pretax profit | -8.05M | 126.70M | 47.01M | -464.48M | -103.93M | 223.62M |
| Tax | 9.31M | 23.68M | 15.04M | 65.47M | -24.25M | 55.03M |
| Net profit | 69.59M | 151.55M | 31.97M | -856.89M | -67.33M | 174.87M |
| Basic EPS | 0 | 0 | 0 | -1 | 0 | 0 |
| Diluted EPS | 0.09 | 0.20 | 0.04 | -1.11 | -0.09 | 0.24 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 191.15M | 184.77M | 112.53M | 182.06M | 244.05M | 440.02M | 449.63M | 1.19B |
| Cash & ST investments | 0 | 5.57M | -- | 0 | 5.46M | 55.82M | 16.61M | 953.11M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 6.38B | 5.91B | 3.41B | 4.83B | 5.10B | 7.46B | 7.76B | 3.35B |
| Total current liabilities | 260.10M | 233.50M | 198.86M | 338.73M | 288.53M | 558.02M | 573.73M | 330.18M |
| Short-term debt | -- | 5.80M | 4.29M | 2.94M | 3.52M | 13.39M | 9.19M | 7.18M |
| Long-term debt | 2.10B | 1.83B | 1.78B | 1.38B | 930.63M | 2.41B | 2.26B | 94.97M |
| Total liabilities | 3,321,774,000.00 | 2,966,874,000.00 | 2,829,883,000.00 | 2,623,314,000.00 | 2,073,352,000.00 | 3,635,844,000.00 | 3,588,735,000.00 | 956,365,000.00 |
| Total equity | 3.06B | 2.95B | 578.21M | 2.21B | 3.03B | 3.83B | 4.17B | 2.39B |
| Retained earnings | -3.33B | -3.35B | -5.78B | -4.17B | -3.32B | -3.59B | -3.42B | -4.09B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 417.76M | 409.43M | 375.50M | 1.19B | 1.00B | 964.02M |
| Cash & ST investments | 5.97M | 7.16M | 10.42M | 953.11M | 757.87M | 720.34M |
| Inventory | -- | -- | -- | -- | 14.17M | 8.76M |
| Total assets | 7.82B | 7.55B | 7.60B | 3.35B | 3.25B | 3.17B |
| Total current liabilities | 662.82M | 604.25M | 642.06M | 330.18M | 465.66M | 342.38M |
| Short-term debt | 12.79M | 13.31M | 11.08M | 7.18M | 9.44M | 10.45M |
| Long-term debt | 2.17B | 2.09B | 1.98B | 94.97M | 87.60M | 89.23M |
| Total liabilities | 3,622,378,000.00 | 3,467,151,000.00 | 3,411,362,000.00 | 956,365,000.00 | 1,119,935,000.00 | 1,016,659,000.00 |
| Total equity | 4.20B | 4.08B | 4.19B | 2.39B | 2.13B | 2.15B |
| Retained earnings | -3.37B | -3.24B | -3.22B | -4.09B | -4.18B | -4.02B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 485.32M | 834.94M | 353.10M | 712.38M | 1.17B | 1.30B | 1.91B | 1.49B |
| Depreciation & amortization | 558.68M | 731.69M | 486.38M | 464.58M | 587.05M | 1.05B | 1.39B | 1.26B |
| Free cash flow | -12.90M | 278.43M | 70.48M | 396.62M | 648.83M | 239.61M | 593.85M | 207.48M |
| Dividends paid | -- | -- | -- | -- | 0 | -37.52M | -71.99M | -69.19M |
| Stock buybacks / issuance | -- | -- | -- | 0 | -158.98M | -221.93M | -222.20M | -29.42M |
| Ending cash balance | 0 | 5.57M | 0 | 0 | 5.46M | 55.82M | 16.61M | 953.11M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 431.32M | 354.31M | 472.68M | 227.66M | 122.20M | 230.85M |
| Depreciation & amortization | 319.92M | 322.16M | 329.09M | 293.52M | 123.69M | 128.95M |
| Free cash flow | 24.40M | -3.65M | 142.02M | 44.70M | -31.26M | 108.04M |
| Dividends paid | -17.29M | -17.30M | -17.33M | -17.27M | -16.61M | -16.14M |
| Stock buybacks / issuance | -13.02M | -4.14M | 0 | -12.26M | -177.72M | -138.60M |
| Ending cash balance | 5.97M | 7.16M | 10.42M | 953.11M | 757.87M | 720.34M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -13.09 | -0.42 | -138.36 | 115.69 | 32.65 | -6.81 | 5.92 | -18.41 |
| ROA %i | -6.05 | -0.20 | -52.33 | 39.15 | 17.22 | -3.71 | 3.11 | -10.87 |
| ROIC %i | -5.61 | 1.34 | -65.28 | 56.99 | 24.66 | -2.69 | 5.77 | -10.41 |
| 5-year avg ROE %i | -16.83 | -15.51 | -33.90 | -6.34 | -0.71 | 0.55 | 1.82 | 25.81 |
| EBIT margin %i | -22.59 | 1.58 | -255.55 | 95.65 | 33.62 | -10.55 | 13.77 | 0.49 |
| FCF / sales %i | -- | 15.42 | 7.22 | 21.23 | 22.46 | 7.08 | 14.11 | 12.32 |
| Current ratioi | 0.73 | 0.79 | 0.57 | 0.54 | 0.85 | 0.79 | 0.78 | 3.61 |
| Quick ratioi | 0.43 | 0.77 | 0.54 | 0.51 | 0.79 | 0.71 | 0.70 | 3.30 |
| Debt / assetsi | 32.99 | 31.24 | 52.61 | 28.70 | 18.36 | 32.71 | 29.41 | 3.53 |
| LT debt / equityi | 68.86 | 62.49 | 309.38 | 62.61 | 30.81 | 63.45 | 54.49 | 4.64 |
| Interest coveragei | -3.09 | 0.27 | -23.40 | 19.41 | 12.08 | -2.23 | 2.81 | 0.05 |
| Revenue CAGR (3Y) %i | 8.41 | 32.29 | -3.92 | 9.35 | 16.96 | 51.36 | 0.10 | -16.46 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -47.27 | -- |
| FCF CAGR (3Y) %i | -- | 131.42 | -- | -- | 32.58 | 50.37 | 14.40 | -31.62 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 7.90 | 9.15 | 5.25 | -18.41 | -23.38 | -23.00 |
| ROA %i | 4.12 | 4.80 | 2.82 | -10.87 | -13.37 | -13.38 |
| ROIC %i | 7.19 | 8.04 | 5.35 | -10.41 | -15.39 | -15.68 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 15.62 | 17.39 | 13.51 | 0.49 | -7.59 | -3.58 |
| FCF / sales %i | 16.21 | 13.07 | 10.96 | 12.32 | 9.02 | 13.78 |
| Current ratioi | 0.63 | 0.68 | 0.58 | 3.61 | 2.15 | 2.82 |
| Quick ratioi | 0.60 | 0.61 | 0.52 | 3.30 | 2.05 | 2.65 |
| Debt / assetsi | 28.09 | 28.14 | 26.49 | 3.53 | 4.48 | 4.72 |
| LT debt / equityi | 52.01 | 51.70 | 47.79 | 4.64 | 6.39 | 6.46 |
| Interest coveragei | 3.31 | 3.63 | 2.81 | 0.05 | -1.05 | -0.82 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 07:26:04 · For reference only, not investment advice and not tailored to your situation.