This study examines the financial performance of PT United Tractors Tbk before and during the Covid-19 pandemic in the 2019 and 2020 periods by using financial ratios. The aim of the research is to find out the differences in the financial performance of PT United Tractors Tbk before the Covid-19 pandemic and during the Covid-19 pandemic. The population in this study is all of PT United Tractors Tbk's financial report data. with samples of financial report data for quarters I to IV for the 2019 and 2020 periods. Secondary data collection techniques. This study used comparative quantitative analysis. Data were processed using paired sample tests using SPSS.Based on the results of the research analysis conducted at PT United Tractors Tbk, it can be concluded that judging by the average results, the liquidity ratio, current ratio, and quick ratio during the Covid-19 pandemic have increased. The solvency ratio, debt to asset ratio, and debt to equity ratio during the Covid-19 pandemic have decreased. The activity ratio, receivable turnover during the COVID-19 pandemic increased, while fixed asset turnover, total assets turnover and working capital turnover during the COVID-19 pandemic decreased. Profitability ratios, Net profit margin, return on assets, and return on equity during the Covid-19 pandemic have decreased. And the results of the paired sample test of different tests show the liquidity ratio, There is a significant difference between the current ratio and quick ratio between financial performance before and during the Covid-19 pandemic. The solvency ratio, debt to asset ratio, and debt to equity there are significant differences between financial performance before and during the Covid-19 pandemic. There are significant differences between activity ratios, fixed assets turnover, and working capital turnover between financial performance before and during the Covid-19 pandemic. Meanwhile, there is no significant difference between receivable turnover and total assets turnover between financial performance before and during the Covid-19 pandemic
