Last 47 quarters of trend data · Energy · Oil & Gas Exploration & Production
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Baytex Energy Corp.'s quarterly P/E stands at 14.6x, up 353.0% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 65.1% YoY to 2.1x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 17.52 | 14.62 | 2.24 | 6.19 | — | 3.23 | 6.69 | — | — | 7.35 | 2.26 | 9.98 | 1.76 |
| — | +353.0% | -66.6% | — | — | -56.1% | +195.6% | — | — | +227.4% | -40.3% | -8.9% | +123.5% | |
| P/S Ratio | 0.96 | 0.49 | 0.39 | 0.43 | 0.51 | 0.70 | 0.80 | 0.96 | 0.65 | 0.82 | 0.80 | 0.93 | 0.96 |
| — | -30.2% | -51.1% | -55.1% | -21.9% | -14.4% | -0.4% | +4.0% | -32.1% | -1.5% | -1.3% | +0.1% | +18.8% | |
| P/B Ratio | 1.01 | 0.43 | 0.34 | 0.41 | 0.49 | 0.60 | 0.72 | 0.76 | 0.72 | 0.80 | 0.42 | 0.55 | 0.82 |
| — | -27.7% | -53.0% | -46.3% | -31.7% | -25.5% | +72.6% | +38.3% | -11.7% | -7.4% | -63.6% | -50.3% | +1.9% | |
| P/FCF | 6.80 | 3.18 | — | 17.69 | 2.01 | 2.46 | 4.41 | — | 2.90 | 32.40 | 22.80 | — | 3.13 |
| — | +29.7% | — | — | -30.7% | -92.4% | -80.7% | — | -7.5% | +684.3% | +764.9% | — | +16.0% | |
| EV / EBITDA | 2.92 | 2.06 | 2.07 | 1.93 | 2.06 | 1.25 | 2.23 | 2.88 | 1.37 | 2.55 | 4.14 | 2.99 | 2.75 |
| — | +65.1% | -7.3% | -33.0% | +50.7% | -51.2% | -46.1% | -3.7% | -50.2% | +10.4% | +103.7% | +20.0% | +3.7% | |
| EV / EBIT | 8.18 | 10.49 | 4.00 | 7.14 | 15.38 | 4.37 | 7.05 | 23.89 | — | 6.91 | 17.20 | 8.71 | 2.06 |
| — | +139.8% | -43.3% | -70.1% | — | -36.7% | -59.0% | +174.3% | — | +143.6% | +326.1% | -90.0% | +54.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Baytex Energy Corp.'s operating margin was 14.5% in Q3 2025, up 3.1 pp QoQ and down 53.1 pp YoY. The trailing four-quarter average of 15.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 68.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.4% | 22.3% | 36.6% | 25.1% | 24.8% | 69.9% | 29.7% | 20.4% | 54.0% | 30.2% | 21.3% | 19.3% | 30.5% |
| — | -68.0% | +23.5% | +22.7% | -54.0% | +131.5% | +39.1% | +6.1% | +76.7% | -16.3% | -50.0% | -49.9% | -9.9% | |
| Operating Margin | 18.3% | 14.5% | 11.4% | 18.8% | 19.0% | 67.5% | 26.7% | 16.3% | 52.2% | 26.3% | 14.8% | 14.6% | 22.6% |
| — | -78.6% | -57.4% | +15.3% | -63.7% | +157.2% | +80.0% | +12.0% | +130.8% | -16.7% | -62.2% | -58.5% | -23.7% | |
| Net Margin | 5.6% | 3.4% | 17.1% | 7.0% | -3.8% | 21.8% | 11.6% | -1.8% | -58.7% | 11.0% | 35.7% | 9.3% | 54.4% |
| — | -84.2% | +46.9% | +484.4% | +93.6% | +98.7% | -67.4% | -119.6% | -208.0% | -70.6% | +68.4% | +9.8% | -46.7% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.9% | 0.8% | 3.7% | 1.7% | -0.9% | 4.7% | 2.6% | -0.4% | -14.6% | 2.7% | 5.1% | 1.5% | 12.3% |
| — | -83.4% | +38.3% | +557.3% | +93.5% | +70.9% | -48.5% | -123.8% | -219.3% | -73.5% | -33.9% | -40.3% | -57.9% | |
| ROA | 3.1% | 0.4% | 2.0% | 0.9% | -0.5% | 2.4% | 1.3% | -0.2% | -7.6% | 1.5% | 3.1% | 1.0% | 7.0% |
| — | -82.5% | +46.9% | +582.8% | +93.4% | +65.9% | -56.7% | -118.5% | -208.4% | -73.3% | -17.5% | -14.9% | -42.0% | |
| ROIC | 9.1% | 1.6% | 1.2% | 2.2% | 2.3% | 6.8% | 2.8% | 1.5% | 6.1% | 3.2% | 1.1% | 1.4% | 2.8% |
| — | -76.2% | -57.2% | +45.4% | -62.9% | +116.3% | +149.2% | +7.5% | +116.9% | -30.9% | -84.1% | -71.7% | -21.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Baytex Energy Corp.'s Debt/EBITDA ratio is 4.3x, down from 5.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 14.8% YoY to 0.58x, tightening the short-term liquidity position. Debt/Equity has declined for 8 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.55 | 0.48 | 0.52 | 0.52 | 0.55 | 0.57 | 0.62 | 0.63 | 0.64 | 0.56 | 0.56 | 0.26 | 0.31 |
| — | -16.3% | -16.5% | -17.3% | -14.3% | +1.9% | +11.8% | +143.9% | +106.3% | +40.1% | +18.7% | -55.2% | -50.7% | |
| Debt / EBITDA | 1.06 | 4.34 | 5.02 | 4.33 | 4.35 | 2.45 | 4.17 | 5.24 | 2.59 | 4.23 | 9.52 | 3.83 | 3.01 |
| — | +77.1% | +20.4% | -17.4% | +67.8% | -42.0% | -56.2% | +37.0% | -14.1% | +44.1% | +303.4% | +12.4% | -34.9% | |
| Current Ratio | 0.78 | 0.58 | 0.68 | 0.63 | 0.78 | 0.69 | 0.72 | 0.67 | 0.79 | 0.77 | 0.64 | 0.90 | 0.85 |
| — | -14.8% | -6.0% | -6.1% | -0.6% | -10.8% | +13.0% | -25.7% | -6.8% | -4.9% | +2.1% | +71.5% | +57.4% | |
| Quick Ratio | 0.78 | 0.58 | 0.68 | 0.63 | 0.78 | 0.69 | 0.72 | 0.67 | 0.75 | 0.77 | 0.64 | 0.90 | 0.85 |
| — | -14.8% | -6.0% | -6.1% | +4.9% | -10.8% | +13.0% | -25.5% | -11.7% | -4.9% | +4.3% | +75.4% | +64.4% | |
| Interest Coverage | 3.74 | 3.06 | 2.25 | 4.02 | 3.95 | 10.81 | 3.85 | 2.25 | 9.32 | 5.41 | 3.14 | 4.41 | 7.45 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonBaytex Energy Corp.'s current P/E is 17.5x. The average P/E over the last 3 quarters is 7.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Baytex Energy Corp.'s current operating margin is 18.3%. 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.