Battalion Oil Corp. (BATL) intrinsic value & 10-year financials
Battalion Oil Corp. (BATL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 9.8% a year to $165.0M, with an average return on invested capital of 12.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $1.05
- Market cap
- $17.3M
- Revenue (FY2025)
- $165.0M
- Revenue growth (10-yr CAGR)
- -9.8%
- ROIC (10-yr avg)
- 12.9%
- Free cash flow (FY2025)
- $39.1M
BATL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $165.0M | $11.9M | -$2.24 | $39.1M | -4.0% | -4.7% |
| FY2024 | $193.2M | -$31.9M | -$3.90 | $35.3M | -6.1% | -6.8% |
| FY2023 | $218.5M | -$3.0M | -$0.92 | $17.4M | 8.0% | 7.5% |
| FY2022 | $357.4M | $18.5M | $1.12 | $77.6M | 42.6% | 64.9% |
| FY2021 | $284.2M | -$28.3M | -$1.74 | $68.2M | 36.4% | 46.5% |
| FY2020 | $146.8M | -$229.7M | -$14.18 | $50.1M | -178.4% | -74.5% |
| FY2019 | — | — | — | — | — | — |
| FY2018 | $225.5M | $46.0M | $0.29 | -$49.8M | 40.9% | 3.3% |
| FY2017 | $375.8M | $535.7M | $3.65 | $61.4M | 190.4% | 67.0% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BATTALION OIL CORP revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
BATTALION OIL CORP returns on capital have been average, hovering around 12.9% ROIC over the decade.
BATTALION OIL CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BATTALION OIL CORP is modeled at -9.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-10.69 per share.