BTEBaytex Energy Corp.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.6×).
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Margins have held roughly steady, a stable cost structure.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is BTE?
Baytex Energy Corp. keeps 77% of every revenue dollar as operating profit, against 25% for the median Oil & Gas E&P name.
Operating margin · Oil & Gas E&P median 25% · fiscal year to FY2025
- Cash conversion
- 1.64×
Cash conversion · 1.89× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −4.8%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 59% |
| FY2021 | 78% |
| FY2022 | 82% |
| FY2023 | 79% |
| FY2024 | 79% |
| FY2025 | 77% |
Details›
- Operating marginfiscal year to FY2025
- 77%
- Net marginfiscal year to FY2025
- −41%
- Revenue, trailing twelve months
- $1.48B
- Net income, trailing twelve months
- −$604M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.