Baytex Energy Corp.

BTE.TOTSXEnergy● Active

$6.84

+$0.20(+3.01%)

Market Cap$5.1B

P/E Ratio—

52W High$7.37

52W Low$2.32

Avg Volume7.2M

Open$6.75

Beta0.58

Free Cash Flow Financials Revenue

Baytex Energy Corp. (BTE.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BTE.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

BTE.TO · FCF · TTM · margin & CAGR

Free cash flow was $246.5M for FY2025 (fiscal year ending 2025-12-31), down 58.5% year-over-year The FCF margin was 16.6%. Five-year CAGR stands at +28.5%.

FY2025 Free Cash Flow$246.5M▼ -58.5% YoY

Trailing 12M (TTM)$192.6Mtrailing 4 quarters sum

FCF Margin16.6%$246.5M ÷ revenue

3-Year CAGR-27.6%FY2022 → FY2025

5-Year CAGR+28.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BTE.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.49B(1.24B)$246.5M▼ 58.5%16.6%

FY2024$1.91B(1.31B)$593.8M▲ +147.8%14.1%

FY2023$1.30B(1.06B)$239.6M▼ 63.1%8.8%

FY2022$1.17B(524M)$648.8M▲ +63.6%22.5%

FY2021$712.4M(316M)$396.6M▲ +462.8%21.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BTE.TO · P/FCF · FCF yield · FCF per share

Baytex Energy Corp. (BTE.TO) trades at a FCF yield of 3.80% and a price-to-free-cash-flow ratio of 27.4x. FCF per share stands at $0.25, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.80%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.25

TTM FCF ÷ Shares Outstanding

Price / FCF

x27.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x23.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BTE.TO · cash flow statement · operating / investing / financing

For FY2025, Baytex Energy Corp. generated $1.49B in operating cash flow and spent 1.24B in capital expenditures, yielding $246.5M in free cash flow.

Operating Activities

+$1.49B

Cash from core business operations

2025-12-31

Investing Activities

+$1.78B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.33B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.49B) − |CapEx| (1.24B) = FCF ($246.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

BTE.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Baytex Energy Corp.YOU

BTE.TO

$246.5M-58.5%16.6%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Baytex Energy Corp. (BTE.TO) reported free cash flow of $246.5M for FY2025 (fiscal year ending 2025-12-31), down 58.5% year-over-year. The FCF margin was 16.6%.

Based on available data, Baytex Energy Corp. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $648.8M in FY2022. The 5-year CAGR stands at +28.5%.

Baytex Energy Corp.'s FCF yield is 3.80% and price-to-FCF ratio is 27.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BTE.TO free cash flow · 8 questions

Baytex Energy Corp. free cash flow was $246.5M for FY2025, down 58.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $192.6M.

BTE.TO free cash flowBTE.TO FCFBTE.TO FCF 2025BTE.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Baytex Energy Corp. · Baytex Energy Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026