Duncan Machine Products, Inc
How we got $16.5M
Based on its 61 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 19 years (since 2007)
- Headcount down 46% since 2021 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Duncan Machine Products, Inc. (DMP) is a full-service contract manufacturer and precision machining company that can produce single prototypes or high-volume production and assemble multiple components into final assemblies for customers.
From the company's website. Industry: Fluid Power Valve and Hose Fitting Manufacturing.
Estimated value over time
▼ 3% 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
▼ 39% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 61 | $22.1M |
| 2020 | Form 5500 | 66 | $23.9M |
| 2021 | Form 5500 | 68 | $24.6M |
| 2022 | Form 5500 | 59 | $21.3M |
| 2023 | Form 5500 | 51 | $18.4M |
| 2024 | Form 5500 | 44 | $15.9M |
| 2025 | Form 5500 | 37 | $13.4M |
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 |
|---|---|---|
| DUNCAN MACHINE PRODUCTS, INC this business | $26.6M | — |
| SOUTHWEST OKLAHOMA HOSE SPECIALISTS LLC Marlow · 2 employees | $2.0M | 8.2 mi |
| CB BRUMLEY FABRICATIONS LLC Marlow · 3 employees | $1.4M | 17.2 mi |
| SOONER VALVE REPAIR LLC Lindsay · 4 employees | $2.5M | 30.5 mi |
| POLYMATE, LLC Healdton · 12 employees | $4.7M | 32.1 mi |
| AMERICAN DIRECTIONAL TECHNOLOGY, INC. Wayne · 40 employees | $26.7M | 45.8 mi |
| H2W INC. Ardmore · 4 employees | $1.2M | 46.3 mi |
The full calculation
| Employees reported to the SBA | 61 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $23.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $22.8M |
| Estimate: the two combined (geometric mean) | $26.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $2.8M |
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 | $16.5M |
| Multiple for this size and industry | 5.8× |
| Value range | $8.7M – $22.5M |
| Revenue range | $17.5M – $30.4M |
| EBITDA range | $1.9M – $3.2M |
| Industry (NAICS) | Fluid Power Valve and Hose Fitting Manufacturing (332912) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Duncan Machine Products, Inc company (DMP) was started by Teri and Chris Billings in December 2007 with two pieces of Precision Machining equipment in a shed in their backyard.”
Advisors
- BankingLiberty National 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
| Liberty National Bank PPP 2020, PPP 2021 | All 430 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $733K | 61 |
| 1/21/2021 | second | $739K | 58 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Duncan Machine Products, Inc
Duncan Machine Products, Inc is a fluid power valve and hose fitting manufacturing company in Duncan, Oklahoma, in business since 2007. It is owned by Teri and Chris Billings (Founder). Its estimated annual revenue is about $26.6M, with roughly $2.8M of EBITDA. It has about 37 employees. Its estimated business value is $16.5M (likely range $8.7M–$22.5M).
Common questions
- Who owns Duncan Machine Products, Inc?
- Duncan Machine Products, Inc is owned by Teri and Chris Billings (Founder), according to public sources such as the company's website or filings.
- How much revenue does Duncan Machine Products, Inc make?
- SeeBITDA estimates Duncan Machine Products, Inc's annual revenue at about $26.6M (likely between $17.5M and $30.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Duncan Machine Products, Inc worth?
- About $16.5M, roughly 5.8× its estimated EBITDA of $2.8M, typical for a fluid power valve and hose fitting manufacturing company its size. Likely range: $8.7M–$22.5M.
- How many employees does Duncan Machine Products, Inc have?
- About 37, from its 2025 retirement-plan filing.
- When was Duncan Machine Products, Inc founded?
- Duncan Machine Products, Inc has been in business since 2007.