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Baytex Energy vs Vermilion Energy

Vermilion Energy is the larger business, with $1.26bn of revenue in fiscal 2025 against $1.06bn for Baytex Energy (1.2 times as much). Vermilion Energy grew faster (11.9% against -10.0%). Vermilion Energy kept more of each dollar of sales as profit: a net margin of -37.0% against -40.8%. Baytex Energy carries less debt relative to equity (0.0% against 56.0%).

Latest fiscal yearBaytex EnergyBTE, 2025Vermilion EnergyVET, 2025
Revenue $1.06bn $1.26bn
Revenue growth -10.0% 11.9%
Net income −$432m −$468m
Operating margin — —
Net margin -40.8% -37.0%
Return on equity -18.6% -26.2%
Free cash flow — —
Cash $695m $13.9m
Total debt $0 $907m
Debt to equity 0.0% 56.0%
Dividend per share — —
Dividend yield 1.3% —
Share buybacks $21.1m —
Employees — —
Market value $3.68bn $1.90bn
Price vs our value range Below our value range —
Moat score — —
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.