Indonesia was the world second largest producer. The coal mining sector had been the significant GDP contributor and attracting many foreign direct investments. its attractiveness yet fluctuating nature had raised the competitiveness among the players. It was therefore very challenging operating in such a turbulent and competitive market without understanding the key factors affecting the business. The aim of this study was to analyze the financial and market performance of the largest coal mining company, PT. Adaro Energy Indonesia Tbk (ADRO), with market capitalization of IDR 109 trillion and ROE 24.5% in 2021. Several fundamental and macroeconomic factors were selected and applied to multi-regression model to investigate their effect on ADRO's profitability and stock performance. The macroeconomic factors were also tested with moderating effect of COVID-19 on ADRO stock performance. Dupont ratio analysis was applied to compare ADRO financial performance position relative to its competitor, PT indika energy Tbk. and industry average, as represented by seven other top coal mining companies. The selected financial ratios included profitability, leverage, liquidity, and turnover. Purposive sampling technique was used to collect the required quarterly financial data from 2012 to 2021. This study revealed that ADRO's profitability was affected by fundamental factors such as asset turnover and financial leverage. The stock returns were slightly affected by the fundamental factors, associated more with fluctuations of the macroeconomic variables. From the financial performance analysis, ADRO showed relatively remarkable financial performance compared to its competitor and the industry in terms of profitability and liquidity. ADRO's asset-useefficiency was however found to be fairly concerning. The findings in this study provided managers with key insights on how financial and stock performance of a coal mining company were affected by certain fundamental financial and macroeconomic factors, and the impact of the pandemic COVID-19