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Financial statements

BAYTEX ENERGY CORP. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data BAYTEX ENERGY CORP. files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Revenue1,8069751,8682,8893,3831,8741,685
Interest expense126125111105192245322
Pre-tax income-78.9-2,5991,695891-517-16.7-153
Income tax-66.5-16081.235.3-28380.7124
Income from continuing operations-97.5-277
Net income-12.5-2,4391,614856-233237-604
EPS, basic-0.02-4.352.861.53-0.330.29-0.78
EPS, diluted-0.02-4.352.821.52-0.330.29-0.78

Balance sheet

FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents5.57005.4655.816.6953
Receivables174107173222339387135
Total current assets1851131822444404501,190
Lease right-of-use assets13.611.18.266.4528.122.120.8
Total assets5,9143,4084,8355,1047,4617,7603,345
Accounts payable191227477512236
Total current liabilities233199339289558574330
Lease liabilities8.096.794.833.0216.115.515.8
Total liabilities2,9672,8302,6232,0733,6363,589956
Retained earnings-3,346-5,785-4,171-3,315-3,586-3,422-4,095
Total equity2,9475782,2113,0303,8254,1712,389
Total liabilities and equity5,9143,4084,8355,1047,4617,7603,345

Cash flow statement

FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Net income-12.5-2,4391,614856-233237-604
Cash from operations8353537121,1731,2961,9081,486
Cash from investing-618-314-311-489-1,512-1,2791,781
Debt repaid-7.78143
Share buybacks0-159-222-222-29.4
Dividends paid0-37.5-72-69.2
Cash from financing-212-44.2-402-678266-668-2,331
Net change in cash5.57-5.5705.4650.4-39.2937

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Pre-tax margin-9.1%Pre-tax income / revenue.
Net margin-35.8%Net income / revenue.
Operating cash flow margin88.2%Cash from operations / revenue.
Return on assets (ROA)-10.9%Net income / average total assets.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-10.1%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-16.5%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y11.5%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y-355.2%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-369.0%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-22.1%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y8.2%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y33.3%Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-56.9%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-13.1%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-0.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio3.61xCurrent assets / current liabilities.
Quick ratio3.30x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio2.89x(Cash + short-term investments) / current liabilities.
Liabilities / assets28.6%Total liabilities / total assets.
Working capitalCA$860.2MCurrent assets - current liabilities.

Efficiency

MetricValueHow it is calculated
Asset turnover0.30xRevenue / average total assets.
Receivables turnover6.45xRevenue / average receivables.
Days sales outstanding57 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-CA$0.78Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-CA$0.78Net income per basic share, as reported (split-adjusted).
What was BAYTEX ENERGY CORP.'s revenue in fiscal 2025?

BAYTEX ENERGY CORP. reported revenue of CA$1.68B for fiscal 2025, 10.1% lower than the year before.

Was BAYTEX ENERGY CORP. profitable in fiscal 2025?

No. It reported a net loss of CA$603.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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