<![CDATA[Profitability reflects a company’s financial performance, although revenue growth does not always correspond to higher profitability. This issue is relevant in the oil palm plantation industry, where financial results are affected by operational conditions and fluctuations in commodity prices. This study investigates the relationships between revenue, operating profit, and profitability at PT Eagle High Plantations Tbk (BWPT) from 2021 to 2025. A quantitative associative approach was applied using secondary data from the company’s consolidated financial statements. Revenue was measured by net sales, operating profit by Operating Profit Margin (OPM), and profitability by Net Profit Margin (NPM). The relationships were analyzed using descriptive statistics, Pearson’s correlation, and Spearman’s correlation. The analysis focuses on associations rather than causal effects or the identification of profitability determinants. The results indicate a positive but statistically insignificant relationship between revenue and NPM (Pearson r = 0.804, p = 0.101). OPM exhibited a stronger positive association with NPM. This relationship was insignificant under Pearson’s test (r = 0.860, p = 0.061) but significant under Spearman’s test (ρ = 0.900, p = 0.037). These findings indicate that OPM tended to move more consistently with NPM than revenue did during the observation period. This analysis covers only five annual observations (n = 5) from one company. The findings should therefore be interpreted as exploratory, considering their sensitivity to the correlation method and limited generalizability. They also do not establish a causal relationship]]>
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