Meaning of the word profitability in English

What does profitability mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

profitability

US /ˌprɑː.fɪ.t̬əˈbɪl.ə.t̬i/
UK /ˌprɒf.ɪ.təˈbɪl.ə.ti/

Noun

the state of producing a financial profit

Example:
The company's profitability improved significantly last quarter.
They are focused on increasing the long-term profitability of the business.