Earnings Multiple Question

I understand that EV/EBITDA multiples are probably the most used multiple for comps (and I understand why I think) but do you think there is ever an argument to use a pure earnings multiple for a highly profitable high margin business. I worked on a deal this summer that was a pure earnings (net income) multiple and hand't thought about it until now because everything else I worked on used EV/EBITDA. Thanks!