This study seeks to find out the factors that influence financial performance of listed foods and beverage companies in Nigeria. The dependent and independent variables of the study were searched out from literatures of previous works. ROA measured as EBIT to total assets, firm size as natural logarithm of total assets, leverage as total debt to total assets, intangibles is the total sum incurred to acquire the assets, while liquidity ratio is measured as current assets to current liabilities and firm age is the number of firm‟s years in existence. 

The study used correlation research design, as data on ROA, firm size, firm age, leverage, intangible assets and liquidity ratio were sourced from published annual report of five (5) out of nine (9) of these firms from 2004 - 2013.The result obtained from fixed effect regression model, documented that firm age, leverage and liquidity ratio are determinantsof financial performance of listed foods and beverages companies. Therefore, the study recommends, among others that managers of these firms should never compromise but always maintain reasonable level of liquid assets in order to meet immediate needs of the firm, the option for leverage should be considered for only profitable ventures and for a lower cost of returns.