<![CDATA[Consolidation is the process of merging two or more companies into a single entity to strengthen the business, reduce competition, increase market share, and drive company growth. Therefore, this study analyzes the impact of consolidation on company performance through key indicators, namely liquidity, equity-earnings-based metrics, and company profitability, using financial ratio analysis such as the Current Ratio (CR), Earnings Per Share (EPS), and Net Profit Margin (NPM). This study adopts a quantitative approach, utilizing secondary data from financial statements of PT Astra International Tbk for the period 2022-2024. The secondary data sources include journals and articles from websites. The results of this study indicate that the consolidation of PT Astra International Tbk from 2022 to 2024 has both positive and negative effects on the company's financial performance. Consolidation can initially boost revenue and profits, but its performance tends to fluctuate due to financial adjustments and additional operational costs.]]>
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