Where Data Tells the Story
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This chart ranks the top U.S. industries by their average net profit margin in 2024.
Data is sourced from Damodaran Online, a database maintained by Aswath Damodaran, faculty at the NYU Stern School of Business.
ℹ️ Please visit the source tab for links to methodology, sources, and definitions.
Big Tobacco's business model is still thriving.
Briefly broken down:
And while adult smoking rates are trending downward in the U.S., emerging markets are more than offsetting U.S. sales declines.
As a result, the U.S. tobacco industry 32 cents in profit for every dollar earned in revenue.