Eaton Thermal Products, LLC
How we got $1.1M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 2% 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
▲ 600% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 7 | $1.7M |
| 2021 | Form 5500 | 12 | $3.0M |
| 2022 | Form 5500 | 19 | $4.7M |
| 2023 | Form 5500 | 27 | $6.7M |
| 2024 | Form 5500 | 30 | $7.4M |
| 2025 | Form 5500 | 49 | $12.1M |
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 |
|---|---|---|
| EATON THERMAL PRODUCTS, LLC this business | $2.8M | — |
| CAMTRONICS, LLC Tulsa · 50 employees | $21.8M | 0.0 mi |
| K.R.T. AVIAITON Tulsa · 5 employees | $1.4M | 0.1 mi |
| K.R.T. AVIATION LLC Tulsa · 5 employees | $1.4M | 0.1 mi |
| AIRTIME AVIATION INC Tulsa · 3 employees | $843K | 0.7 mi |
| JCB CORPORATION Tulsa · 8 employees | $2.9M | 2.7 mi |
| LOCKARD AIRCRAFT SAL Tulsa · 2 employees | $750K | 5.3 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.5M |
| Estimate: the two combined (geometric mean) | $2.8M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $332K |
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 | $1.1M |
| Multiple for this size and industry | 3.2× |
| Value range | $559K – $1.5M |
| Revenue range | $1.9M – $3.2M |
| EBITDA range | $219K – $379K |
| Industry (NAICS) | Other Support Activities for Air Transportation (488190) |
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
History & advisors
Advisors
- BankingAmerican Heritage 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
| American Heritage Bank PPP 2020 | All 446 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $70K | 7 |
About Eaton Thermal Products, LLC
Eaton Thermal Products, LLC is an other support activities for air transportation company in Tulsa, Oklahoma. Its estimated annual revenue is about $2.8M, with roughly $332K of EBITDA. It has about 49 employees. Its estimated business value is $1.1M (likely range $559K–$1.5M).
Common questions
- Who owns Eaton Thermal Products, LLC?
- The owner of Eaton Thermal Products, LLC 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 Eaton Thermal Products, LLC make?
- SeeBITDA estimates Eaton Thermal Products, LLC's annual revenue at about $2.8M (likely between $1.9M and $3.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Eaton Thermal Products, LLC worth?
- About $1.1M, roughly 3.2× its estimated EBITDA of $332K, typical for a other support activities for air transportation company its size. Likely range: $559K–$1.5M.
- How many employees does Eaton Thermal Products, LLC have?
- About 49, from its 2025 retirement-plan filing.