Financial performance is a determination to measure the success of a profit making enterprise. This study aims to examine the influence of capital structure, institutional ownership, liquidity ratios, and diversification strategies. The population in this study is industrial sector companies listed on the IDX for the 2019-2021 period. The sampling method is carried out by purposive sampling. So that 81 research samples were obtained. The data analysis mthod used is multiple linear regression analysis. The results of the partial analysis of capital structure, institutional ownership, and liquidity ratios have a significant negative effect on financial performance, while diversification strategies have a significant positive effect on financial performance. The results of this study can contribute scientifically to further research on factors that affect wishful performance.