Loading company financials…
TORONTO STOCK EXCHANGE · Energy · CIK 0001279495
$5.32
-1.48% · live
Updated
$4.07B market value
From BAYTEX ENERGY CORP.'s FY2025 40-F, filed Mar 5, 2026 · read the filing
BAYTEX ENERGY provides services to oil and gas drillers. It took in $1.06B last year, which makes it a mid-sized company. It spends more than it earns — losing about 41 cents on every dollar of sales.
The filing does not provide enough evidence for a clear financial conclusion.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score 0.34
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Significant financial weakness across most measures.
From BAYTEX ENERGY CORP.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit
$168.6M → -$430.2M
Profit margin
14.7% → -40.8%
Earnings per share
$0.22 → -$0.56
Cash
$11.8M → $679.2M
Measured against FY2024, from the 40-F filed Mar 5, 2026
Deteriorated: turned negative
$168.6M to -$430.2MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
BTE fell 1.48% on the latest quote. The average Energy company tracked here moved −0.99%, and the S&P 500 −1.04%. That is in line with its sector and in line with the market.
No filing from BTE and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Loading price history…
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 14 analysts covering this company, as of . Their views, not this site's.
Of 14 analysts publishing on this company, 2 say strong buy, 6 say buy and 6 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $430.2M last year, losing about 41 cents on every dollar of sales.
No. Sales shrank 8.2% last year.
It does not appear so. For every $1 it owes, it owns $3.50 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid a dividend while making a loss, so the payment did not come out of profits — it came from reserves, borrowing or asset sales. It paid out 5% of the cash its operations generated. It has paid in each of the last 3 years.
WeakNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it lost $430.2M and generated $1.06B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202540-F · Mar 5, 2026Filing for FY2025 | FY202440-F · Mar 5, 2026Filing for FY2024 | FY202340-F · Feb 29, 2024Filing for FY2023 | FY202240-F · Feb 29, 2024Filing for FY2022 | FY202140-F · Mar 1, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $1.06B | $1.15B | $1.93B | $1.66B | $1.09B | −8.2% |
| Selling, general and administrative | $48.4M | $41.6M | $49.7M | $35.8M | $29.1M | +16.3% |
| Interest expense | $115.0M | $134.4M | $113.9M | $57.3M | $65.6M | −14.4% |
| Income before tax | -$109.1M | -$11.9M | -$368.1M | $634.8M | $1.21B | −815.8% |
| Net income | -$430.2M | $168.6M | -$166.3M | $609.7M | $1.15B | n/m |
| Net marginNet income ÷ revenueWhat is this? | -40.8% | 14.7% | -8.6% | 36.8% | 105.5% | −55.4 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-0.562 | $0.2179 | $-0.2024 | $1.12 | $2.04 | n/m |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 110,000 shares ($471.9K) on or after .
Shares originally obtained via Purchase.
Filed notice to sell 105,000 shares ($439.9K) on or after .
Shares originally obtained via Purchase.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Report filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingWrite down why you are following BAYTEX ENERGY CORP., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
3 Canadian Energy Stocks To Screen As Inflation Pushes Oil Prices Higher
Yahoo ·
Baytex Energy (TSX:BTE) Stock May Be Fully Valued On Future Cash Flow
Yahoo ·
Baytex Energy (BTE) Is Up 3.89% in One Week: What You Should Know
Yahoo ·
New Strong Buy Stocks for October 13th
Yahoo ·
Best Value Stocks to Buy for October 13th
Yahoo ·
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from BTE's 40-F for fiscal year 2025 (period ending 2025-12-31, filed Mar 5, 2026), reported under the IFRS taxonomy. Reported in CAD and shown here in USD, the currency BTE trades in, converted at today's rate of 0.7126. The filing itself is in CAD. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 7 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 2.0 | 5/7 | 40-F, filed Mar 5, 2026 |
| FY2024 | 6.0 | 6/7 | 40-F, filed Mar 5, 2025 |
| FY2023 | 4.7 | 2/7 | 40-F, filed Feb 29, 2024 |
| FY2022 | 7.3 | 6/7 | 40-F, filed Feb 24, 2023 |
| FY2021 | 7.3 | 5/7 | 40-F, filed Mar 1, 2022 |
| FY2020 | 2.0 | 2/6 | 40-F, filed Mar 2, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 7 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. 2 could not be evaluated and are excluded from the total rather than counted as failures.
0.34
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: −55.4 pts
14.7% to -40.8%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: turned negative
$0.22 to -$0.56Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +5638.2%
$11.8M to $679.2MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -8.2%
$1.15B to $1.06BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: -1.0%
773.6M to 765.6MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 2.9% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
This company has not reported enough of the required figures to calculate this score.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Report filed on Form 6-K
Report filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingAnnual report for FY2025
Revenue -8.2% · Profit margin −55.4 pts · Profit turned negative — against FY2024
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingPrimary sources and further research