This study aims to determine the effect of gearing ratio, financing to asset ratio, non-performing financing, and efficiency ratio on the financial performance of multi-finance companies. The research population is all finance companies (multi) listed on the Indonesia Stock Exchange in 2021. The sample that meets the criteria is 16 companies. Data were analyzed using panel data regression. The results showed that the Random Effect was the best model. Partially found that the Gearing ratio does not affect Return On Assets (ROA) as a proxy for the company's financial performance. In contrast, the Financing to assets ratio (FAR) positively affects Return On Assets (ROA). Non-Performing Financing (NPF) and Operating Expenses (BOPO) have a negative effect on Return On Assets (ROA).