Baytex Energy (BTE) Gross Margin (2010 - 2026)
Baytex Energy (BTE) posted Gross Margin of 96.74% for Q4 2024, little changed sequentially from 96.57% in Q3 2024, and down 46.0% YoY from 179.16% in Q1 2024.
Baytex Energy (BTE) Gross Margin (2010 - 2026) Analysis & Trends
Baytex Energy has reported Gross Margin for 10 years, with the latest figure at 96.74% in Q4 2024.
- Quarterly Gross Margin fell 46.0% year-over-year to 96.74% in Q4 2024, while the trailing twelve-month figure through Dec 2024 was 28287.19% (up 2822108.0% YoY) and the FY2025 annual result came in at 87.9%, up 184.0% from the prior year.
- Gross Margin was little changed at 96.74% in Q4 2024 per BTE's latest filing, from 96.57% in the prior quarter.
- Over five years, Gross Margin peaked at 100.0% in Q3 2023 and troughed at 96.06% in Q1 2023.
- A 3-year average of 97.38% and a median of 96.98% in 2023 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 46 bps in 2024, down 343 bps in 2024.
- Over 3 years, Gross Margin stood at 97.72% in 2022, then decreased by 1 bps to 97.21% in 2023, then declined by 0 bps to 96.74% in 2024.
- According to Business Quant data, Gross Margin over the past three periods registered 96.74%, 96.57%, and 97.21% for Q4 2024, Q3 2024, and Q4 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.69 Bn | 156.00 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.39 Bn | 104.50 Bn | 10.66 Bn | 85.63% |
| 3 | Eog Resources | 80.10 Bn | 75.19 Bn | - | - |
| 4 | Diamondback Energy | 59.33 Bn | 58.87 Bn | 5.55 Bn | 99.84% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | 91.41% |
| 6 | Devon Energy | 46.05 Bn | 45.04 Bn | 6.02 Bn | 81.22% |
| 7 | Occidental Petroleum | 39.50 Bn | 35.35 Bn | 7.73 Bn | 95.88% |
| 8 | Eqt | 33.85 Bn | 33.74 Bn | 1.42 Bn | 78.73% |
| 9 | Texas Pacific Land | 26.34 Bn | 26.10 Bn | - | - |
| 10 | Baytex Energy | 3.53 Bn | 3.01 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 85.88% |
| Jun 30, 2025 | 93.32% |
| Dec 31, 2024 | 96.74% |
| Sep 30, 2024 | 96.57% |
| Dec 31, 2023 | 97.21% |
| Sep 30, 2023 | 100.00% |
| Mar 31, 2023 | 96.06% |
| Dec 31, 2022 | 97.72% |
| Dec 31, 2019 | 88.31% |
| Sep 30, 2015 | 70.85% |
| Jun 30, 2015 | 76.06% |
| Mar 31, 2015 | 69.03% |
| Dec 31, 2014 | 106.67% |
| Sep 30, 2014 | 79.60% |
| Jun 30, 2014 | 99.99% |
| Mar 31, 2014 | 99.98% |
| Dec 31, 2013 | -20,785,054.45% |
| Sep 30, 2013 | 78.62% |
| Jun 30, 2013 | 0.06% |
| Mar 31, 2013 | 71.35% |