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The Effect of Liquidity, Solvency, Profitability, and Company Size on Financial Performance of Transportation and Logistics Companies Julianus Fredo; Djunita Permata Indah; Muhammad Fahmi
Research Horizon Vol. 6 No. 4 (2026): Research Horizon - Agustus 2026
Publisher : LifeSciFi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54518/rh.6.4.2026.1440

Abstract

The transportation and logistics sector plays a vital role in supporting economic activities. Yet, post-pandemic recovery has not resulted in uniform financial performance among companies, highlighting the importance of examining the factors that influence their financial performance. This study aims to analyze the influence of liquidity, solvency, profitability, and company size on the financial performance of companies in the transportation and logistics sectors listed on the IDX for 2021-2025. The method used was quantitative descriptive with secondary data of financial statements, a sample of 15 companies with purposive sampling, and regression analysis of panel data using EViews 13. The results of the study partially showed that profitability had a significant effect on financial performance, while liquidity, solvency, and company size did not have a significant effect. However, simultaneously, all variables have a significant effect. In conclusion, profitability is the main factor in supporting the improvement of the company’s financial performance. These findings imply that companies should prioritize profitability management to strengthen financial performance sustainably.