The main objective of this study was to comprehend the current scenario of Brasil Foods (BRF) through the analysis of its financial statements and the macroeconomic scenario in which the company is inserted, and analyze positive and negative factors that may affect its future. In addition, the study assesses the business environment and the specifics that directly interfere in the accounting results, further widening BRF s analysis. In order to achieve the desired results, the analysis of the company s balance sheet (BS) and Profits and Losses (P and L) for the years 2015 and 2016 was made necessary, with the specific objectives of quantifying the financial ratios and analyzing the economic and financial situation in the studied periods. In addition, the methods of Vertical and Horizontal Analysis of the financial statements were of paramount importance for the understanding of the behavior of the company during these exercises.