BTE vs VET
Baytex Energy Corp. and Vermilion Energy Inc., side by side — 7 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | BTE | VET |
|---|---|---|
| Revenue | CAD 1.5B | CAD 1.8B |
| Net income | CAD -603.8M | CAD -653.6M |
| Gross margin | · | · |
| Net margin | −40.8% | −37.0% |
| Return on equity | −18.4% | −26.0% |
| Diluted EPS | −CAD 0.78 | −CAD 4.25 |
| Dividend / share | · | CAD 0.52 |
| Payout ratio | −11.5% | −12.2% |
| Free cash flow | · | · |
| Equity | · | · |
| Net debt / equity | · | 0.55× |
| Current ratio | 3.61× | · |
| Revenue CAGR 5y | 12.8% | 9.1% |
| Profit CAGR 5y | · | · |
VET bills 1.2× the revenue of BTE, and both 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 | VET |
|---|---|---|
| FY2025 | CAD 1.5B | CAD 1.8B |
| FY2024 | CAD 1.6B | CAD 1.5B |
| FY2023 | CAD 2.7B | CAD 2.0B |
| FY2022 | CAD 2.3B | CAD 3.4B |
| FY2021 | CAD 1.5B | CAD 2.0B |
| FY2020 | CAD 811.7M | CAD 1.1B |
| FY2019 | CAD 1.5B | CAD 1.7B |
Bottom line
| Fiscal year | BTE | VET |
|---|---|---|
| FY2025 | CAD -603.8M | CAD -653.6M |
| FY2024 | CAD 236.6M | CAD -46.7M |
| FY2023 | CAD -233.4M | CAD -237.6M |
| FY2022 | CAD 855.6M | CAD 1.3B |
| FY2021 | CAD 1.6B | CAD 1.1B |
| FY2020 | CAD -2.4B | CAD -1.5B |
| FY2019 | CAD -12.5M | CAD 32.8M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CAD 284,326,000 | VET |
| FY2024 | +CAD 66,421,000 | BTE |
| FY2023 | +CAD 704,968,000 | BTE |
| FY2022 | −CAD 1,089,130,000 | VET |
| FY2021 | −CAD 511,691,000 | VET |
| FY2020 | −CAD 329,102,000 | VET |
| FY2019 | −CAD 261,793,000 | VET |
The higher-revenue side has changed between BTE and VET over this period. The gap has widened since the earliest year compared.
7 of 10 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −3.7 pp | VET |
| FY2024 | +17.7 pp | BTE |
| FY2023 | +3.2 pp | BTE |
| FY2022 | −1.7 pp | VET |
| FY2021 | +49.2 pp | BTE |
| FY2020 | −167.5 pp | VET |
| FY2019 | −2.7 pp | VET |
The higher net margin has changed hands between BTE and VET over this period.
7 of 10 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 VET's over the 7 comparable fiscal years — 119.1 percentage points of standard deviation against 57.0.
7 of 10 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 VET over these 7 fiscal years — BTE led in 3 and VET in 4.
7 of 10 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 VET's over the 7 comparable fiscal years — 69.7 percentage points of standard deviation against 49.3.
7 of 10 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 VET over these 7 fiscal years — BTE led in 4 and VET in 3.
7 of 10 comparable fiscal years — a year missing data on either side is not counted.