Loading financials from SEC filings…
Oil & gas drilling · Energy · Reports in CAD
Baytex Energy reported revenue of CAD 1.5B in the fiscal year ended Dec 2025, down 8.2% from the year before. Operating income was CAD 8M, an operating margin of 0.6%, and net income was −CAD 604M.
Ranks among the 7 oil & gas drilling companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 1,529 | 2,326 | 2,713 | 1,613 | 1,481 |
| Operating incomederived: pre-tax income + interest | 1,787 | 971 | −357 | 172 | 8.3 |
| Interest expense | 92.1 | 80.4 | 160 | 189 | 161 |
| Pre-tax income | 1,695 | 891 | −517 | −16.7 | −153 |
| Income tax | 81.2 | 35.3 | −283 | 80.7 | 124 |
| Net income | 1,614 | 856 | −233 | 237 | −604 |
| Diluted EPS | 2.82 | 1.52 | −0.33 | 0.29 | −0.78 |
| Diluted shares | 572 | 564 | 705 | 808 | 769 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 0.0 | 5.5 | 55.8 | 16.6 | 953 |
| Receivables | 173 | 222 | 339 | 387 | 135 |
| Current assets | 182 | 244 | 440 | 450 | 1,190 |
| Total assets | 4,835 | 5,104 | 7,461 | 7,760 | 3,345 |
| Payables | 191 | 227 | 477 | 512 | 236 |
| Current liabilities | 339 | 289 | 558 | 574 | 330 |
| Total liabilities | 2,623 | 2,073 | 3,636 | 3,589 | 956 |
| Shareholders' equity | 2,211 | 3,030 | 3,825 | 4,171 | 2,389 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 712 | 1,173 | 1,296 | 1,908 | 1,486 |
| Acquisitions | – | 0.0 | 663 | 0.0 | – |
| Share buybacks | 0.0 | 159 | 222 | 222 | 29.4 |
| Dividends paid | – | 0.0 | 37.5 | 72.0 | 69.2 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 52.1% | 16.6% | −40.5% | −8.2% |
| Operating income growth (YoY) | – | −45.6% | −136.7% | – | −95.2% |
| EPS growth (YoY) | – | −46.1% | −121.7% | – | −369.0% |
| Operating margin | 116.9% | 41.8% | −13.2% | 10.7% | 0.6% |
| Net margin | 105.5% | 36.8% | −8.6% | 14.7% | −40.8% |
| Return on equityBlank when equity is negative | 73.0% | 28.2% | −6.1% | 5.7% | −25.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 39.7% | 20.2% | −5.2% | 2.4% | 0.3% |
| Cash conversion (CFO ÷ net income) | 0.44x | 1.37x | −5.55x | 8.07x | −2.46x |
| Receivable days | 41 | 35 | 46 | 88 | 33 |
| Interest cover | 19.4x | 12.1x | −2.23x | 0.91x | 0.05x |
| Current ratio | 0.54x | 0.85x | 0.79x | 0.78x | 3.61x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.