5 Most Profitable Industries in the US in 2024

4. Tobacco

Industry Net Margin (2024): 27.52%

The tobacco industry has an industry net margin of 27.52%, contributing to its ranking as one of the most profitable industries in the United States. Philip Morris International Inc. (NYSE:PM) is one of the largest tobacco companies in the United States and globally. The company logged a trailing 12-month net income and revenue of $7.94 billion and $35.95 billion, respectively, as of March 31. Philip Morris International Inc. (NYSE:PM) sells its products in more than 180 countries and is the company behind the famous cigarette brand, Marlboro. Philip Morris International Inc. (NYSE:PM) has a market capitalization of $183.56 billion, as of August 16.