Last 48 quarters of trend data · Energy · Oil & Gas Exploration & Production
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 102.2% YoY to 3.9x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -7.33 | — | — | 14.62 | 2.24 | 6.19 | — | 3.23 | 6.69 | — | — | 7.35 | 2.26 |
| — | — | — | +353.0% | -66.6% | — | — | -56.1% | +195.6% | — | — | +227.4% | -40.3% | |
| P/S Ratio | 2.86 | 2.07 | — | 0.61 | 0.48 | 0.55 | 0.64 | 0.70 | 0.80 | 0.96 | 0.83 | 1.03 | 0.98 |
| — | +278.1% | — | -13.5% | -39.2% | -42.9% | -23.0% | -32.2% | -18.4% | -13.6% | -30.4% | -2.2% | -3.8% | |
| P/B Ratio | 1.84 | 1.56 | 1.04 | 0.43 | 0.34 | 0.41 | 0.49 | 0.60 | 0.72 | 0.76 | 0.72 | 0.80 | 0.42 |
| — | +280.1% | +110.3% | -27.7% | -53.0% | -46.3% | -31.7% | -25.5% | +72.6% | +38.3% | -11.7% | -7.4% | -63.6% | |
| P/FCF | 17.17 | — | 7.43 | 3.18 | — | 17.69 | 2.01 | 2.46 | 4.41 | — | 2.90 | 32.40 | 22.80 |
| — | — | +270.2% | +29.7% | — | — | -30.7% | -92.4% | -80.7% | — | -7.5% | +684.3% | +764.9% | |
| EV / EBITDA | 4.65 | 3.88 | — | 2.03 | 2.03 | 1.92 | 2.04 | 2.02 | 2.21 | 2.84 | 2.33 | 2.54 | 4.11 |
| — | +102.2% | — | +0.3% | -8.2% | -32.6% | -12.3% | -20.4% | -46.2% | -5.1% | -16.0% | +10.7% | +103.6% | |
| EV / EBIT | 15.01 | 14.62 | — | 7.08 | 8.64 | 5.24 | 5.62 | 5.46 | 5.54 | 10.69 | 7.99 | 5.20 | 12.30 |
| — | +179.1% | — | +29.7% | +55.8% | -51.0% | -29.7% | +5.1% | -54.9% | +14.2% | +36.2% | +37.8% | +325.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Baytex Energy Corp.'s operating margin was 11.6% in Q1 2026, down 3.2 pp QoQ and down 12.2 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 14.6% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 15.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.5% | 22.8% | 34.8% | 22.2% | 17.6% | 27.1% | 26.4% | 27.4% | 29.7% | 20.4% | 21.5% | 37.5% | 25.0% |
| — | -15.7% | +32.1% | -18.8% | -40.8% | +32.6% | +22.7% | -26.9% | +18.4% | -7.4% | -37.4% | -13.9% | -51.6% | |
| Operating Margin | 15.3% | 11.6% | 14.8% | 18.0% | 14.2% | 23.8% | 23.8% | 25.0% | 26.7% | 16.3% | 19.3% | 33.7% | 18.5% |
| — | -51.3% | -37.9% | -28.0% | -46.7% | +45.6% | +23.4% | -25.7% | +44.3% | -6.2% | -30.8% | -17.7% | -62.7% | |
| Net Margin | -40.8% | -16.8% | 64.2% | 4.3% | 21.4% | 8.8% | -4.7% | 21.8% | 11.6% | -1.8% | -74.8% | 13.8% | 43.5% |
| — | -290.7% | +1452.3% | -80.3% | +83.6% | +585.4% | +93.7% | +57.7% | -73.3% | -116.3% | -211.8% | -70.6% | +64.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -18.4% | -3.0% | -26.0% | 0.8% | 3.7% | 1.7% | -0.9% | 4.7% | 2.6% | -0.4% | -14.6% | 2.7% | 5.1% |
| — | -280.5% | -2660.1% | -83.4% | +39.1% | +553.9% | +93.6% | +71.2% | -48.5% | -123.9% | -220.3% | -73.3% | -33.9% | |
| ROA | -10.9% | -2.0% | -15.7% | 0.4% | 2.0% | 0.9% | -0.5% | 2.4% | 1.3% | -0.2% | -7.6% | 1.4% | 3.1% |
| — | -330.2% | -3028.8% | -82.4% | +47.7% | +579.0% | +93.4% | +66.2% | -56.7% | -118.5% | -209.4% | -73.2% | -17.5% | |
| ROIC | 4.2% | 2.3% | -3.8% | 1.6% | 1.2% | 2.2% | 2.3% | 2.5% | 2.8% | 1.5% | 1.8% | 3.2% | 1.2% |
| — | +3.9% | -267.5% | -35.4% | -57.0% | +44.3% | +28.0% | -21.2% | +143.7% | +8.4% | -36.6% | -31.2% | -83.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Baytex Energy Corp.'s Debt/EBITDA ratio is 0.8x — comfortably within a safe range. The current ratio has improved 241.3% YoY to 2.15x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.07 | 0.05 | 0.48 | 0.52 | 0.52 | 0.55 | 0.57 | 0.62 | 0.63 | 0.64 | 0.56 | 0.56 |
| — | -86.9% | -91.0% | -16.3% | -16.5% | -17.3% | -14.3% | +1.9% | +11.8% | +143.9% | +106.3% | +40.1% | +18.7% | |
| Debt / EBITDA | 0.16 | 0.83 | — | 4.28 | 4.93 | 4.30 | 4.30 | 3.98 | 4.14 | 5.18 | 4.41 | 4.21 | 9.46 |
| — | -80.7% | — | +7.6% | +19.3% | -16.9% | -2.4% | -5.4% | -56.3% | +35.0% | +45.0% | +44.5% | +303.3% | |
| Current Ratio | 3.61 | 2.15 | 3.61 | 0.58 | 0.68 | 0.63 | 0.78 | 0.69 | 0.72 | 0.67 | 0.79 | 0.77 | 0.64 |
| — | +241.3% | +360.0% | -14.8% | -6.0% | -6.1% | -0.6% | -10.8% | +13.0% | -25.7% | -6.8% | -4.9% | +2.1% | |
| Quick Ratio | 3.61 | 2.12 | 3.61 | 0.58 | 0.68 | 0.63 | 0.78 | 0.69 | 0.72 | 0.67 | 0.75 | 0.77 | 0.64 |
| — | +236.4% | +360.0% | -14.8% | -6.0% | -6.1% | +4.9% | -10.8% | +13.0% | -25.5% | -11.7% | -4.9% | +4.3% | |
| Interest Coverage | 1.04 | 11.03 | -2.34 | 3.07 | 2.26 | 5.43 | 10.22 | 3.99 | 3.85 | 2.25 | 2.70 | 6.67 | 3.99 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying BTE stock.
Baytex Energy Corp.'s current P/E is -7.3x. The average P/E over the last 2 quarters is 8.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Baytex Energy Corp.'s current operating margin is 15.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Baytex Energy Corp.'s business trajectory between earnings reports.