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.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -8.46 | 4.17 | — | — | 14.62 | 2.24 | 6.19 | — | 3.23 | 6.69 | — | — | 7.35 | 2.26 | 9.98 | 1.76 | 2.24 | 3.79 | 10.95 | 0.79 | 11.93 |
| — | +86.2% | — | — | +353.0% | -66.6% | — | — | -56.1% | +195.6% | — | — | +227.4% | -40.3% | -8.9% | +123.5% | -81.2% | +1345.3% | — | +129.4% | — | |
| P/S Ratio | 3.21 | 1.32 | 2.07 | — | 0.61 | 0.48 | 0.55 | 0.64 | 0.70 | 0.80 | 0.96 | 0.83 | 1.03 | 0.98 | 1.11 | 1.19 | 1.05 | 1.02 | 1.13 | 0.98 | 0.98 |
| — | +172.4% | +278.1% | — | -13.5% | -39.2% | -42.9% | -23.0% | -32.2% | -18.4% | -13.6% | -30.4% | -2.2% | -3.8% | -1.8% | +21.7% | +7.4% | +32.4% | +148.5% | +155.0% | +322.9% | |
| P/B Ratio | 2.12 | 1.35 | 1.57 | 1.04 | 0.43 | 0.34 | 0.41 | 0.49 | 0.60 | 0.72 | 0.76 | 0.72 | 0.80 | 0.42 | 0.55 | 0.82 | 0.87 | 1.15 | 1.11 | 0.81 | 0.94 |
| — | +298.6% | +281.1% | +110.1% | -27.7% | -53.0% | -46.3% | -31.7% | -25.5% | +72.6% | +38.3% | -11.7% | -7.4% | -63.6% | -50.3% | +1.9% | -8.3% | +65.0% | +3.2% | +54.8% | +84.8% | |
| P/FCF | 22.93 | 6.72 | — | 13.90 | 3.18 | — | 17.69 | 2.01 | 2.46 | 4.41 | — | 2.90 | 32.40 | 22.80 | — | 3.13 | 4.13 | 2.64 | 13.93 | 2.70 | 4.62 |
| — | — | — | +591.9% | +29.7% | — | — | -30.7% | -92.4% | -80.7% | — | -7.5% | +684.3% | +764.9% | — | +16.0% | -10.6% | +5.0% | +258.9% | — | +631.3% | |
| EV / EBITDA | 5.37 | 1.73 | 3.88 | — | 2.03 | 2.03 | 1.92 | 2.04 | 2.02 | 2.21 | 2.84 | 2.33 | 2.54 | 4.11 | 3.00 | 2.77 | 2.29 | 2.02 | 2.50 | 2.62 | 2.91 |
| — | -14.9% | +102.3% | — | +0.3% | -8.2% | -32.6% | -12.3% | -20.4% | -46.2% | -5.1% | -16.0% | +10.7% | +103.6% | +20.0% | +5.8% | -21.2% | -29.9% | -14.5% | -57.4% | -41.3% | |
| EV / EBIT | 17.34 | 2.87 | — | — | 10.48 | 3.98 | 7.88 | 26.76 | 4.33 | 6.77 | 22.66 | — | 5.20 | 12.30 | 9.36 | 5.87 | 3.77 | 2.89 | 4.02 | 4.78 | 5.68 |
| — | -27.9% | — | — | +142.0% | -41.2% | -65.2% | — | -16.7% | -44.9% | +142.1% | — | +37.8% | +325.2% | +133.0% | +22.8% | -33.7% | -45.2% | -34.7% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.5% | 40.7% | 22.8% | 34.8% | 22.2% | 17.6% | 27.1% | 26.4% | 27.4% | 29.7% | 20.4% | 21.5% | 37.5% | 25.0% | 22.1% | 34.3% | 43.5% | 51.7% | 45.8% | 39.6% | 37.5% |
| — | +131.8% | -15.7% | +32.1% | -18.8% | -40.8% | +32.6% | +22.7% | -26.9% | +18.4% | -7.4% | -37.4% | -13.9% | -51.6% | -51.8% | -13.4% | +16.0% | +32.4% | +37.1% | +13172.0% | +1547.5% | |
| Operating Margin | 15.3% | 36.9% | 11.6% | 14.8% | 18.0% | 14.2% | 23.8% | 23.8% | 25.0% | 26.7% | 16.3% | 19.3% | 33.7% | 18.5% | 17.4% | 27.9% | 40.9% | 49.6% | 42.9% | 36.5% | 34.4% |
| — | +159.8% | -51.3% | -37.9% | -28.0% | -46.7% | +45.6% | +23.4% | -25.7% | +44.3% | -6.2% | -30.8% | -17.7% | -62.7% | -59.4% | -23.6% | +18.8% | +40.2% | +44.6% | +770.6% | +1350.6% | |
| Net Margin | -40.8% | 31.8% | -16.8% | 64.2% | 4.3% | 21.4% | 8.8% | -4.7% | 21.8% | 11.6% | -1.8% | -74.8% | 13.8% | 43.5% | 11.1% | 66.9% | 46.9% | 26.5% | 10.3% | 124.5% | 8.2% |
| — | +48.9% | -290.7% | +1452.3% | -80.3% | +83.6% | +585.4% | +93.7% | +57.7% | -73.3% | -116.3% | -211.8% | -70.6% | +64.1% | +7.9% | -46.3% | +470.8% | -90.9% | +192.7% | +10.3% | +174.5% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -18.4% | 8.2% | -3.0% | -26.0% | 0.8% | 3.7% | 1.7% | -0.9% | 4.7% | 2.6% | -0.4% | -14.6% | 2.7% | 5.1% | 1.5% | 12.2% | 10.2% | 7.8% | 2.5% | 29.4% | 2.0% |
| — | +122.1% | -280.6% | -2659.3% | -83.4% | +39.1% | +553.9% | +93.6% | +71.2% | -48.5% | -123.9% | -220.3% | -73.3% | -33.9% | -40.2% | -58.6% | +406.7% | -92.1% | +140.3% | -36.2% | +135.4% | |
| ROA | -10.9% | 5.4% | -2.0% | -15.6% | 0.4% | 2.0% | 0.9% | -0.5% | 2.4% | 1.3% | -0.2% | -7.6% | 1.4% | 3.1% | 1.0% | 7.0% | 5.4% | 3.8% | 1.2% | 12.2% | 0.7% |
| — | +175.0% | -330.4% | -3028.0% | -82.4% | +47.7% | +579.0% | +93.4% | +66.2% | -56.7% | -118.5% | -209.4% | -73.2% | -17.5% | -14.8% | -42.9% | +633.9% | -86.1% | +212.1% | +80.9% | +201.1% | |
| ROIC | 4.2% | 9.8% | 2.3% | -3.8% | 1.6% | 1.2% | 2.2% | 2.3% | 2.5% | 2.8% | 1.5% | 1.8% | 3.2% | 1.2% | 1.4% | 2.8% | 4.7% | 7.1% | 5.0% | 3.7% | 3.2% |
| — | +713.8% | +4.0% | -267.5% | -35.4% | -57.0% | +44.3% | +28.0% | -21.2% | +143.7% | +8.4% | -36.6% | -31.2% | -83.9% | -71.8% | -23.3% | +44.7% | +103.9% | +63.3% | +1150.1% | +1785.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.07 | 0.07 | 0.05 | 0.48 | 0.52 | 0.52 | 0.55 | 0.57 | 0.62 | 0.63 | 0.64 | 0.56 | 0.56 | 0.26 | 0.31 | 0.40 | 0.47 | 0.58 | 0.63 | 0.93 |
| — | -86.7% | -86.9% | -91.0% | -16.3% | -16.5% | -17.3% | -14.3% | +1.9% | +11.8% | +143.9% | +106.3% | +40.1% | +18.7% | -55.2% | -50.7% | -56.9% | -53.0% | -82.1% | -79.8% | -80.3% | |
| Debt / EBITDA | 0.16 | 0.44 | 0.83 | — | 4.28 | 4.93 | 4.30 | 4.30 | 3.98 | 4.14 | 5.18 | 4.41 | 4.21 | 9.46 | 3.83 | 3.04 | 2.91 | 2.34 | 3.41 | 4.58 | 5.77 |
| — | -91.0% | -80.7% | — | +7.6% | +19.3% | -16.9% | -2.4% | -5.4% | -56.3% | +35.0% | +45.0% | +44.5% | +303.3% | +12.4% | -33.6% | -49.6% | -65.5% | -60.9% | -78.1% | -67.6% | |
| Current Ratio | 3.61 | 2.82 | 2.15 | 3.61 | 0.58 | 0.68 | 0.63 | 0.78 | 0.69 | 0.72 | 0.67 | 0.79 | 0.77 | 0.64 | 0.90 | 0.85 | 0.81 | 0.62 | 0.53 | 0.54 | 0.46 |
| — | +315.5% | +241.3% | +360.0% | -14.8% | -6.0% | -6.1% | -0.6% | -10.8% | +13.0% | -25.7% | -6.8% | -4.9% | +2.1% | +71.5% | +57.4% | +77.6% | +45.5% | +0.2% | -5.0% | -32.5% | |
| Quick Ratio | 3.61 | 2.79 | 2.12 | 3.61 | 0.58 | 0.68 | 0.63 | 0.78 | 0.69 | 0.72 | 0.67 | 0.75 | 0.77 | 0.64 | 0.90 | 0.85 | 0.81 | 0.61 | 0.51 | 0.51 | 0.43 |
| — | +311.8% | +236.4% | +360.0% | -14.8% | -6.0% | -6.1% | +4.9% | -10.8% | +13.0% | -25.5% | -11.7% | -4.9% | +4.3% | +75.4% | +64.4% | +86.4% | +42.4% | +4.3% | +0.9% | -30.5% | |
| Interest Coverage | 0.30 | 50.96 | -23.65 | -2.34 | 2.07 | 4.90 | 3.61 | 2.15 | 5.04 | 3.15 | 1.06 | -12.35 | 6.67 | 3.99 | 5.76 | 9.26 | 14.84 | 14.59 | 11.18 | 7.26 | 5.58 |
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Includes 30+ ratios · 47 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 -8.5x. The average P/E over the last 2 quarters is 9.4x. 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 expanding 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.