Axh Holdings
How we got $265.4M
Based on its 409 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 15% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 11% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 409 | $173.4M |
| 2020 | Form 5500 | 346 | $146.7M |
| 2021 | Form 5500 | 337 | $142.8M |
| 2022 | Form 5500 | 365 | $154.7M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| AXH HOLDINGS this business | $319.6M | — |
| OPTIMUS INDUSTRIES LLC Tulsa · 140 employees | $96.8M | 0.9 mi |
| THE WHITE GROUP INC Tulsa · 1 employees | $922K | 3.1 mi |
| ACCURATE MACHINE & MAINTENANCE INC Tulsa · 5 employees | $2.7M | 3.9 mi |
| ECONOMASTERS, LLC Tulsa · 28 employees | $19.0M | 4.8 mi |
| BORN, INC Tulsa · 24 employees | $20.7M | 4.9 mi |
| R.W. HOLLAND I, LLC Tulsa · 43 employees | $36.6M | 5.3 mi |
The full calculation
| Employees reported to the SBA | 409 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $230.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $341.1M |
| Estimate: the two combined (geometric mean) | $319.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $29.8M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $265.4M |
| Multiple for this size and industry | 8.9× |
| Value range | $139.7M – $363.1M |
| Revenue range | $210.2M – $364.4M |
| EBITDA range | $19.6M – $34.0M |
| Industry (NAICS) | Power Boiler and Heat Exchanger Manufacturing (332410) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- AccountingCck Strategies, PLLCAudits its 401(k) plan (2022 filing)
- BankingBancFirstPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $7.6M | 409 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Axh Holdings
Axh Holdings is a power boiler and heat exchanger manufacturing company in Tulsa, Oklahoma. Its estimated annual revenue is about $319.6M, with roughly $29.8M of EBITDA. It has about 365 employees. Its estimated business value is $265.4M (likely range $139.7M–$363.1M).
Common questions
- Who owns Axh Holdings?
- The owner of Axh Holdings isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Axh Holdings make?
- SeeBITDA estimates Axh Holdings's annual revenue at about $319.6M (likely between $210.2M and $364.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Axh Holdings worth?
- About $265.4M, roughly 8.9× its estimated EBITDA of $29.8M, typical for a power boiler and heat exchanger manufacturing company its size. Likely range: $139.7M–$363.1M.
- How many employees does Axh Holdings have?
- About 365, from its 2022 retirement-plan filing.