Financial analysis is one of the functions that provide an audit and control mechanism for companies to make sound decisions for the future. It is the responsibility of finance managers to perform financial analysis regularly and frequently. In this study, ratio analysis was conducted for 12 companies operating in the paper and paper products printing sector, registered in the İstanbul Stock Exchange manufacturing sub-sector. In this analysis covering the period between 2018 and 2022, liquidity, financial structure, activity and profitability rates were calculated. In line with the findings obtained, the ratios of the companies were evaluated and it was seen which company was in what situation. In addition, along with the financial analysis of the companies, suggestions regarding future decisions are presented.