First Though, Inc
How we got $337K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 26% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FIRST THOUGH, INC this business | $822K | — |
| SUPCO, INC Dewey · 35 employees | $15.3M | 0.2 mi |
| METAL GOODS MANUFACTURING COMPANY INC Bartlesville · 21 employees | $9.9M | 0.5 mi |
| IDAHO MFG LLC Ramona · 1 employees | $486K | 15.5 mi |
| AG-QUIP INC Ramona · 2 employees | $972K | 16.5 mi |
| DAVID W. JONES WELDING, L.L.C. Talala · 8 employees | $2.7M | 20.6 mi |
| SAB FAB AND WELDING Oologah · 1 employees | $391K | 25.0 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $422K |
| Estimate: the two combined (geometric mean) | $822K |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $130K |
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 | $337K |
| Multiple for this size and industry | 2.6× |
| Value range | $177K – $461K |
| Revenue range | $541K – $938K |
| EBITDA range | $85K – $148K |
| Industry (NAICS) | All Other Miscellaneous Fabricated Metal Product Manufacturing (332999) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
History & advisors
Advisors
- BankingArvest 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 Roles are as stated there and may be out of date.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
| Arvest Bank PPP 2020 | All 5,114 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 | $11K | 3 |
About First Though, Inc
First Though, Inc is an all other miscellaneous fabricated metal product manufacturing company in Bartlesville, Oklahoma. Its estimated annual revenue is about $822K, with roughly $130K of EBITDA. It has about 3 employees. Its estimated business value is $337K (likely range $177K–$461K).
Common questions
- Who owns First Though, Inc?
- The owner of First Though, 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 First Though, Inc make?
- SeeBITDA estimates First Though, Inc's annual revenue at about $822K (likely between $541K and $938K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is First Though, Inc worth?
- About $337K, roughly 2.6× its estimated EBITDA of $130K, typical for a all other miscellaneous fabricated metal product manufacturing company its size. Likely range: $177K–$461K.
- How many employees does First Though, Inc have?
- About 3, as reported on its PPP loan.