Financial Performance of Construction Companies in Four Visegrad Countries

The paper carries out research into the financial performance of construction companies in four European countries over the 2014-2023 period, i.e. over a 10-year horizon. Specifically, it represents a group of 4 Central European countries creating the Visegrad Four (V4)-the Czech Republic, Hungary, Poland and the Slovak Republic. Selected methods of financial analysis were used to measure performance, i.e. elementary methods such as horizontal analysis and other ratio indicators-debt to assets ratio, return on total assets ratio and value added productivity ratio. Moreover, the ORBIS Europe database, which contains information on more than 110 million companies in Europe, was used as a source of information. In total, the research worked with 9,972 V4 construction companies and analysed more than 40,000 values to calculate the various financial analysis indicators. 1,845 samples represented the Czech Republic, 859 samples represented the Slovak Republic, 5,861 samples represented Poland and 1,407 samples represented Hungary. The aim of the research described in the article is to determine the financial performance of construction companies on the basis of selected financial analysis indicators and to assess the development of the financial performance of these companies in the Czech Republic for the 2014-2023 period in comparison with the financial performance of other V4 countries by means of description and analysis. The research showed that the V4 states show a very similar development trend in all indicators.