Baytex Energy (BTE) Return on Invested Capital [ROIC] (2009 - 2026)
Baytex Energy (BTE) recorded Return on Invested Capital [ROIC] of 3.98% in the quarter ended Mar 31, 2026, up 1.05 percentage points from 2.93% a year earlier but down 0.98 percentage points from the prior quarter.
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Analysis
Baytex Energy (BTE) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Baytex Energy reported Return on Invested Capital [ROIC] of 3.99%, down 0.02 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] has a three-year change of -50.80 percentage points (years ended Dec 2022 to Dec 2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 4.00% in the year ended Dec 31, 2024 (+6.32 pp), -2.32% in the year ended Dec 31, 2023 (-57.10 pp) and 54.79% in the year ended Dec 31, 2022.
- Quarterly Return on Invested Capital [ROIC] has ranged from -5.01% in the quarter ended Mar 31, 2024 to 97.22% in the quarter ended Dec 31, 2021 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in five of the last eight quarters, with an average year-over-year change of -3.69 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 222.06 percentage points in the quarter ended Sep 30, 2021, against a drop of 79.39 percentage points in the quarter ended Dec 31, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 4.96% (quarter ended Dec 31, 2025), -3.37% (quarter ended Sep 30, 2025) and 1.33% (quarter ended Jun 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 13.86% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 12.13% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 9.03% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 25.32% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 57.33% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 25.31% |
| 10 | Baytex Energy | 3.34 Bn | 1.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 3.98% |
| Dec 31, 2025 | 4.96% |
| Sep 30, 2025 | -3.37% |
| Jun 30, 2025 | 1.33% |
| Mar 31, 2025 | 2.93% |
| Dec 31, 2024 | 6.02% |
| Sep 30, 2024 | -3.38% |
| Jun 30, 2024 | -2.93% |
| Mar 31, 2024 | -5.01% |
| Dec 31, 2023 | -1.50% |
| Sep 30, 2023 | 24.33% |
| Jun 30, 2023 | 18.58% |
| Mar 31, 2023 | 20.31% |
| Dec 31, 2022 | 17.84% |
| Sep 30, 2022 | 33.62% |
| Jun 30, 2022 | 25.96% |
| Mar 31, 2022 | 85.57% |
| Dec 31, 2021 | 97.22% |
| Sep 30, 2021 | 57.01% |
| Jun 30, 2021 | 66.36% |
API Access
Baytex Energy Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=BTE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "BTE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=BTE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();