The study analyzed how capital adequacy and liquidity affect profitability in food and beverage companies listed on the Indonesia Stock Exchange from 2015 to 2018. They found that capital adequacy significantly influenced profitability, while liquidity did not. However, when considered together, both factors had an impact on profitability. Overall, capital adequacy and liquidity accounted for 92.47% of the variation in profitability, with the remaining 7.33% influenced by other factors.