This master's thesis aims to analyze the financial statements of small companies from the metal processing industry. The basis for the analysis is the financial statements for the period from 2018 to 2020. Analysis of financial statements is the most important part of the overall analysis of the company's operations because the financial statements (balance sheet, profit and loss account, cash flow statement, capital change report, and notes with financial statements) provide the necessary information and allow insight into the real situation and operations of companies. The analysis of financial statements most often includes horizontal analysis, vertical analysis, analysis using financial indicators, and analysis using the indicator system. When analyzing financial indicators in this paper, indicators of liquidity, indebtedness, activity, economy, and profitability were calculated, and on this basis, the corresponding conclusions on the business were given, they have analyzed as well as the relationship of the operations of the companies under review concerning the industry from which they come. When analyzing using an indicator system, the DuPont indicator system, Altman's Z-score, Kralicek's DF indicator, and the Bex model were used. The subject analysis of financial statements of small companies from the metal processing industry (Stimo d.o.o., Metalis d.o.o. and Vedriš d.o.o.) an assessment of the performance of the business for the metal processing industry was given, and conclusions were drawn based on the analysis carried out.