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'profitable firms' is a correct and usable phrase in written English.
You can use it when referring to businesses that are making a good profit. For example, "The economic situation in the city has been improving, due to the success of several profitable firms."
Exact(60)
Nine of the world's ten most profitable firms (in terms of profit per partner) are based in New York (see chart 2).
But sales don't mean much without profits, so we looked for profitable firms with revenues of at least $25 million and sales growth of 10% or better in the latest 12 months.
A litigation-only shop with more than 600 lawyers and a big trial practice, Quinn Emanuel is one of the most profitable firms in the country, posting profits per partner last year of $4.4 million.
In addition, the empirical findings of Myers (1993), Fama and French (1998 and 2002), Shyam-Sunder and Myers (1999) argue that most profitable firms borrow least, therefore there exist a negative relationship between profitability and leverage.
To review: Profitable firms have essentially two choices of what to do with their profits.
Each group contains both highly and modestly profitable firms.
Profitable firms deposit their saving in banks, which then lend it to less profitable ones.
But by 2012, Fannie and Freddie unexpectedly turned back into profitable firms.
Large, profitable firms invest heavily in lobbying to protect their advantage, skewing the political system.
Pay-for-performance is only present in profitable firms, but even there plays a small role in determining compensation.
Besides tax rises, there are plans to tighten redundancy rules for profitable firms and to raise the minimum wage.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com