Baytex Energy (BTE) Return on Invested Capital [ROIC] (2010 - 2026)
Baytex Energy (BTE) recorded Return on Invested Capital [ROIC] of -12.23% in the quarter ended Mar 31, 2026, down 12.23 percentage points from 0.00% a year earlier and down 5.36 percentage points from the prior quarter.
Powered by 
Analysis
Baytex Energy (BTE) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Baytex Energy reported Return on Invested Capital [ROIC] of -1.62%, down 0.88 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] has a five-year change of +130.31 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at -0.74% in the year ended Dec 31, 2024 (+9.00 pp), -9.75% in the year ended Dec 31, 2023 (-61.35 pp), 51.60% in the year ended Dec 31, 2022 (+28.82 pp) and 22.78% in the year ended Dec 31, 2021 (+154.71 pp).
- The figure for the quarter ended Mar 31, 2026 is the lowest quarterly Return on Invested Capital [ROIC] since the quarter ended Jun 30, 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in four of the last eight quarters, with an average year-over-year change of -2.88 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 901.97 percentage points in the quarter ended Jun 30, 2021, against a drop of 102.61 percentage points in the quarter ended Jun 30, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -6.87% (quarter ended Dec 31, 2025), -5.56% (quarter ended Sep 30, 2025) and 0.00% (quarter ended Jun 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 674.90 Bn | 638.12 Bn | - | 11.12% |
| 2 | Shell | 547.48 Bn | 458.03 Bn | 30.13 Bn | 17.88% |
| 3 | Chevron | 408.53 Bn | 386.32 Bn | 33.45 Bn | -30.32% |
| 4 | TotalEnergies SE | 186.30 Bn | 69.43 Bn | - | - |
| 5 | Eni Spa | 172.32 Bn | 121.84 Bn | - | 6.94% |
| 6 | Conocophillips | 152.28 Bn | 124.99 Bn | 12.81 Bn | 22.50% |
| 7 | Equinor Asa | 106.44 Bn | 52.50 Bn | - | - |
| 8 | Phillips 66 | 105.58 Bn | 94.57 Bn | 8.38 Bn | -181.46% |
| 9 | Canadian Natural Resources | 100.85 Bn | 97.81 Bn | - | 44.95% |
| 10 | Baytex Energy | 3.54 Bn | 3.09 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -12.23% |
| Dec 31, 2025 | -6.87% |
| Sep 30, 2025 | -5.56% |
| Jun 30, 2025 | 0.00% |
| Mar 31, 2025 | 0.00% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | -9.68% |
| Jun 30, 2024 | -13.88% |
| Mar 31, 2024 | -24.32% |
| Dec 31, 2023 | -12.85% |
| Sep 30, 2023 | 11.44% |
| Jun 30, 2023 | 24.14% |
| Mar 31, 2023 | 47.26% |
| Dec 31, 2022 | 27.52% |
| Sep 30, 2022 | 31.12% |
| Jun 30, 2022 | 21.72% |
| Mar 31, 2022 | 52.40% |
| Dec 31, 2021 | 66.56% |
| Sep 30, 2021 | 63.24% |
| Jun 30, 2021 | 124.33% |
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();