D&l Manufacturing, Inc.
How we got $147.4M
Based on its 225 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▼ 13% 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 | 225 | $125.5M |
| 2020 | Form 5500 | 152 | $84.8M |
| 2021 | Form 5500 | 174 | $97.1M |
| 2022 | Form 5500 | 191 | $106.5M |
| 2023 | Form 5500 | 210 | $117.1M |
| 2024 | Form 5500 | 222 | $123.8M |
| 2025 | Form 5500 | 201 | $112.1M |
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 |
|---|---|---|
| D&L MANUFACTURING, INC. this business | $204.6M | — |
| PRO PIPING & FABRICATION LLC Tulsa · 18 employees | $11.8M | 1.0 mi |
| MIDWESTERN MANUFACTURING COMPANY Tulsa · 34 employees | $26.9M | 2.0 mi |
| BRONCO MANUFACTURING, LLC Tulsa · 42 employees | $33.1M | 3.1 mi |
| W . L. WALKER CO, INC Tulsa · 33 employees | $23.2M | 3.2 mi |
| BIG ELK ENERGY SYSTEMS, LLC Tulsa · 80 employees | $67.5M | 3.6 mi |
| 5G, INC. Tulsa · 6 employees | $3.3M | 4.1 mi |
The full calculation
| Employees reported to the SBA | 225 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $168.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $191.6M |
| Estimate: the two combined (geometric mean) | $204.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $18.7M |
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 | $147.4M |
| Multiple for this size and industry | 7.9× |
| Value range | $77.6M – $201.7M |
| Revenue range | $134.6M – $233.3M |
| EBITDA range | $12.3M – $21.3M |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
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
- AccountingHogantaylor LLPAudits its 401(k) plan (2025 filing)
- BankingMabrey BankPPP / 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
| Mabrey Bank PPP 2020, PPP 2021 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $3.9M | 225 |
| 2/10/2021 | second | $2.0M | 153 |
2 locations
| 1915 S 49TH WEST AVE | Tulsa | This listing |
| 19604 E 590 Rd | Inola | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About D&l Manufacturing, Inc.
D&l Manufacturing, Inc. is an oil and gas field machinery and equipment manufacturing company in Tulsa, Oklahoma. Its estimated annual revenue is about $204.6M, with roughly $18.7M of EBITDA. It has about 201 employees. Its estimated business value is $147.4M (likely range $77.6M–$201.7M). It has 2 locations.
Common questions
- Who owns D&l Manufacturing, Inc.?
- The owner of D&l Manufacturing, Inc. 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 D&l Manufacturing, Inc. make?
- SeeBITDA estimates D&l Manufacturing, Inc.'s annual revenue at about $204.6M (likely between $134.6M and $233.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is D&l Manufacturing, Inc. worth?
- About $147.4M, roughly 7.9× its estimated EBITDA of $18.7M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $77.6M–$201.7M.
- How many employees does D&l Manufacturing, Inc. have?
- About 201, from its 2025 retirement-plan filing.