This study aims to determine the effect of asset management, liquidity, and leverage on the profitability of BUMN companies. The data used is the 2016-2018 annual financial report data for BUMN companies. This research is a quantitative study using secondary data, namely financial statement data and the research sample is 13 companies with a period of three years 2016-2018 selected through sample criteria. Data analysis was performed using multiple linear regression methods with the help of Eviews 11 program. `The results showed that asset management and liquidity partially had no a significant effect on profitability, while leverage partially had effect on profitability. Simultenaously, it showed that asset management, liquidity, leverage affected on profitability.