The main purpose of this study is to evaluate the financial performance of companies in the BIST Denizli (XSDNZ) city index. In this regard, two MCDM methods were used for performance measurement. These methods are LOPCOW and WEBDA methods. While the criteria were objectively weighted with the LOPCOW method, the performance rankings of the companies were obtained with the WEBDA method. Thus, a hybrid model was proposed. Seven performance criteria were determined for performance analysis. According to the results of the performance analysis for 2021, it has been found that the first criterion with the most important weight among the criteria is equity. The second most important criterion was determined as short-term liabilities. The third most important criterion was determined as current assets. It has been determined that the company with the best financial performance is AYDEM. The second best company was determined to be MRCN. ACSEL was found to be the third best company in terms of performance.