BTE vs CVE
Baytex Energy Corp. and Cenovus Energy Inc., side by side — 7 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | BTE | CVE |
|---|---|---|
| Revenue | CAD 1.5B | CAD 49.7B |
| Net income | CAD -603.8M | CAD 3.9B |
| Gross margin | · | · |
| Net margin | −40.8% | 7.9% |
| Return on equity | −18.4% | 12.8% |
| Diluted EPS | −CAD 0.78 | CAD 2.15 |
| Dividend / share | · | CAD 0.78 |
| Payout ratio | −11.5% | 36.6% |
| Free cash flow | · | · |
| Equity | · | · |
| Net debt / equity | · | 0.26× |
| Current ratio | 3.61× | 1.57× |
| Revenue CAGR 5y | 12.8% | 29.7% |
| Profit CAGR 5y | · | · |
CVE bills 33.6× the revenue of BTE, and BTE closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | BTE | CVE |
|---|---|---|
| FY2025 | CAD 1.5B | CAD 49.7B |
| FY2024 | CAD 1.6B | CAD 54.3B |
| FY2023 | CAD 2.7B | CAD 52.2B |
| FY2022 | CAD 2.3B | CAD 66.9B |
| FY2021 | CAD 1.5B | CAD 46.4B |
| FY2020 | CAD 811.7M | CAD 13.5B |
| FY2019 | CAD 1.5B | CAD 20.5B |
Bottom line
| Fiscal year | BTE | CVE |
|---|---|---|
| FY2025 | CAD -603.8M | CAD 3.9B |
| FY2024 | CAD 236.6M | CAD 3.1B |
| FY2023 | CAD -233.4M | CAD 4.1B |
| FY2022 | CAD 855.6M | CAD 6.5B |
| FY2021 | CAD 1.6B | CAD 587.0M |
| FY2020 | CAD -2.4B | CAD -2.4B |
| FY2019 | CAD -12.5M | CAD 2.2B |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CAD 48,215,185,000 | CVE |
| FY2024 | −CAD 52,664,159,000 | CVE |
| FY2023 | −CAD 49,491,171,000 | CVE |
| FY2022 | −CAD 64,570,919,000 | CVE |
| FY2021 | −CAD 44,827,961,000 | CVE |
| FY2020 | −CAD 12,731,258,000 | CVE |
| FY2019 | −CAD 19,056,322,000 | CVE |
CVE has reported the higher revenue in every one of these 7 fiscal years. The gap has widened since the earliest year compared.
7 of 11 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −48.7 pp | CVE |
| FY2024 | +8.9 pp | BTE |
| FY2023 | −16.5 pp | CVE |
| FY2022 | +27.1 pp | BTE |
| FY2021 | +104.3 pp | BTE |
| FY2020 | −282.9 pp | CVE |
| FY2019 | −11.5 pp | CVE |
The higher net margin has changed hands between BTE and CVE over this period.
7 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BTE's net margin has been more volatile than CVE's over the 7 comparable fiscal years — 119.1 percentage points of standard deviation against 9.1.
7 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BTE and CVE over these 7 fiscal years — BTE led in 3 and CVE in 4.
7 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BTE's return on equity has been more volatile than CVE's over the 7 comparable fiscal years — 69.7 percentage points of standard deviation against 11.0.
7 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BTE and CVE over these 7 fiscal years — BTE led in 2 and CVE in 5.
7 of 11 comparable fiscal years — a year missing data on either side is not counted.