BTE vs DVN Stock Comparison

Baytex Energy and Devon Energy Prices as of Oct 26, 2026 Peers: Industry group
BTE Baytex Energy Corp.
$5.53 +22.1% 1M +131.4% 1Y
Market cap
$4.19B
P/E
–
Revenue (TTM)
$1.74B
Div. yield
0.02%
Oil and Gas Exploration and Production Energy
6 wins
DVN Devon Energy Corp/De
$51.63 +9.7% 1M +56.6% 1Y
Market cap
$47.74B
P/E
14.6x
Revenue (TTM)
$20.38B
Div. yield
0.02%
Oil and Gas Exploration and Production Energy
4 wins

Head to Head

10 decided of 12

Baytex Energy leads on 6 of the 12 questions below (Baytex Energy 6, Devon Energy 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBTEDVNLeader
Larger companyMarket capitalisation $4.19B $47.74B DVN
Cheaper on earningsLower P/E, profitable companies only -8.1x 14.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.3x 9.1x DVN
Faster revenue growthRevenue growth, trailing twelve months +280.5% +18.1% BTE
More profitableNet margin, trailing twelve months -29.5% 16.1% DVN
Better return on capitalReturn on invested capital — -3.5% –
Less leveragedLower net debt / EBITDA -0.8x 4.1x BTE
Higher dividend yieldTrailing dividend yield 0.02% 0.02% BTE
Better 1-year returnPrice return, last 12 months +131.4% +56.6% BTE
Better 5-year returnAnnualised price return, 5 years +11.1%/yr +5.4%/yr BTE
Less volatileAnnualised volatility, 1 year 42.3% 34.1% DVN
Higher overall scoreMean of the five percentile scores vs peers 59/100 48/100 BTE

Percentile Scorecard

BTEDVN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBTEDVN
Valuation 68 #32 of 99 39 #61 of 99
Growth 40 #59 of 97 70 #30 of 97
Profitability 56 #43 of 96 46 #52 of 96
Financial Health 87 #14 of 102 37 #65 of 102
Shareholder Returns 43 #44 of 76 48 #40 of 76
Overall 59 48
  • BTE ranked among 103 companies in Oil and Gas Upstream
  • DVN ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBTEDVNSPY
1 month +22.1%+9.7% -0.8%
3 months +33.6%+19.6% +3.5%
6 months +16.7%+7.1% +7.0%
Year to date +71.2%+41.0% +12.2%
1 year +131.4%+56.6% +13.0%
3 years +27.4%+10.4% +86.3%
3 years, per year +8.4%+3.4% +23.1%
5 years +69.3%+30.3% +68.6%
5 years, per year +11.1%+5.4% +11.0%
10 years +38.3%+28.4% +258.0%
10 years, per year +3.3%+2.5% +13.6%

Risk

MeasureBTEDVNSPY
Volatility, 1Y 42.3%34.1% 12.7%
Downside volatility, 1Y 44.8%33.3% 12.7%
Beta vs S&P 500, 1Y -0.34-0.73 1.00
Return / volatility, 1Y 3.111.66 1.02
Max drawdown, 5Y -79.1%-65.7% -25.4%
From 52-week high 0.0%-0.8% -1.8%
52-week high $5.53$52.07 $779.14
52-week low $2.27$32.01 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBTEDVN
P/E now vs peer median -8.3xmedian 13.5x 14.7xmedian 13.5x
P/S now vs peer median 2.4xmedian 2.1x 2.8xmedian 2.1x
EV/EBITDA now vs peer median 6.7xmedian 5.9x 24.8xmedian 5.9x
P/FCF now vs peer median 1.5xmedian 11.0x 38.5xmedian 11.0x
P/B now vs peer median —median 1.5x 1.4xmedian 1.5x
PEG now vs peer median 0.22median 2.27 -0.66median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBTEDVN
Revenue $1.74B $20.38B
Gross profit – $14.11B
Operating income – -$1.35B
Net income -$513.91M $3.29B
Free cash flow $2.82B $1.48B
R&D $4.64M $54.00M
EPS (diluted) $-0.67 $3.49
Cash & equivalents $506.96M –
Total debt $1.49B $11.39B
Shares (diluted) 769.18M 940.00M
Enterprise value $2.43B $47.74B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBTEDVN
P/E -8.3x 14.7x
P/FCF 1.5x 38.5x
P/Operating cash flow 5.6x 6.6x
P/S 2.4x 2.8x
P/B – 1.4x
P/Tangible book – 1.4x
EV/EBITDA 6.7x 24.8x
EV/EBIT -57.1x -50.4x
EV/Revenue 2.2x 3.3x
EV/FCF 1.3x 46.2x
EV/Operating cash flow 5.0x 8.0x
PEG (3Y EPS CAGR) 0.22 -0.66

Growth

14 metrics
MetricBTEDVN
Revenue growth (1Y) 280.5% 18.1%
Revenue CAGR (3Y) -2.9% 5.9%
Gross profit growth (1Y) – 18.4%
Gross profit CAGR (3Y) – 4.9%
Operating income growth (1Y) – 11.9%
Operating income CAGR (3Y) – -44.2%
Net income growth (1Y) -293.1% 13.2%
Net income CAGR (3Y) -34.0% -11.9%
EPS growth (1Y) -302.8% -22.0%
EPS CAGR (3Y) -37.0% -22.4%
Operating cash flow growth (1Y) -41.1% 25.5%
Operating cash flow CAGR (3Y) 5.7% 6.4%
Free cash flow growth (1Y) 128.7% 337.8%
Free cash flow CAGR (3Y) 130.4% 11.7%

Profitability

14 metrics
MetricBTEDVN
Gross margin – 69.3%
EBITDA margin 32.6% 13.5%
Operating margin – -6.6%
Pretax margin -12.2% -8.8%
Net margin -29.5% 16.1%
FCF margin 161.9% 7.2%
Operating cash flow margin 43.8% 42.0%
Return on equity – 11.5%
Return on assets – 6.4%
Return on invested capital – -3.5%
Return on capital employed – -3.0%
Asset turnover – 0.4x
Cash conversion (OCF / net income) -1.5x 2.6x
Stock comp / revenue 0.8% 0.7%

Financial Health

11 metrics
MetricBTEDVN
Debt / assets – 16.1%
Debt / equity – 0.3x
Net debt / EBITDA -0.8x 4.1x
Debt / FCF 0.0x 7.7x
Liabilities / assets – 41.1%
Equity / assets – 58.9%
Interest coverage -0.5x -2.7x
Current ratio – 0.7x
Quick ratio – –
Cash ratio – –
Altman Z-score – 1.59

Shareholder Returns

7 metrics
MetricBTEDVN
Dividend yield 1.4% 2.2%
Net buyback yield -4.6% 1.3%
Shareholder yield -3.2% 3.5%
Payout ratio (earnings) -14.4% 25.0%
Payout ratio (FCF) 2.6% 55.6%
Dividend growth (1Y) 39.5% 11.9%
Dividend CAGR (3Y) – -34.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBTEDVN
Forward P/E 12.3xFY2026 9.1xFY2026
EPS, next fiscal year $0.45FY2026 $5.69FY2026
EPS growth, next FY – +45.2%FY2026
EPS growth, the year after +11.1% -5.1%
Revenue, next fiscal year $1.38BFY2026 $24.57BFY2026
Revenue growth, next FY -47.0%FY2026 +42.9%FY2026
Revenue growth, the year after -11.3% +2.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBTEDVN
Held by institutions 51.4% 92.2%
Institutions holding 186 1,458
Change in shares held, QoQ +5.1% +86.7%
Institutions buying 98 1,138
Institutions selling 62 231
Buyers to sellers 1.58 4.93

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BTEDVN
BTE 1.00 0.62
DVN 0.62 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BTE and DVN?

Devon Energy (DVN) is the largest by market capitalisation: Baytex Energy (BTE) $4.19B, Devon Energy (DVN) $47.74B.

Which company is growing faster?

Baytex Energy (BTE) grew revenue fastest over the trailing twelve months: Baytex Energy (BTE) +280.5%, Devon Energy (DVN) +18.1%.

Which company is more profitable?

Devon Energy (DVN) has the highest net margin (Baytex Energy (BTE) -29.5%, Devon Energy (DVN) 16.1%).

Which stock has performed better?

Over the past year Baytex Energy (BTE) returned the most: Baytex Energy (BTE) +131.4%, Devon Energy (DVN) +56.6%. Over five years, Baytex Energy (BTE) compounded fastest (Baytex Energy (BTE) +11.1%/yr, Devon Energy (DVN) +5.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Baytex Energy (BTE) has the highest dividend yield: Baytex Energy (BTE) 0.02%, Devon Energy (DVN) 0.02%.

Which stock is riskier?

By one-year price volatility, Devon Energy (DVN) has been the steadiest (Baytex Energy (BTE) 42.3%, Devon Energy (DVN) 34.1%). Volatility measures how widely the price swings, not the risk of the business.

Do BTE and DVN move together?

Their daily returns over the past year have a correlation of 0.62, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BTE and DVN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Baytex Energy (BTE) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.