Formula Energy Services LLC
How we got $6.3M
Based on 25 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FORMULA ENERGY SERVICES LLC this business | $8.6M | — |
| BRACHEL MARKETING, LLC Tulsa | $4.4M | 0.0 mi |
| GUARDIAN ENERGY CONSULTANTS, INC. Tulsa · 6 employees | $2.3M | 0.1 mi |
| PRACTICE EVOLUTIONS LLC Tulsa · 20 employees | $7.6M | 0.1 mi |
| GURUSTU, LLC Tulsa · 5 employees | $1.1M | 0.1 mi |
| HOGAN ASSESSMENT SYSTEMS, INC. Tulsa · 101 employees | $34.9M | 0.1 mi |
| IN2VATE, LLC Tulsa · 9 employees | $2.9M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Industry revenue per employee | $228K |
| Revenue = employees × revenue per employee | $8.6M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $1.4M |
| Cross-check: revenue implied by PPP payroll | $1.8M |
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 | $6.3M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.0M – $9.0M |
| Revenue range | $5.1M – $10.2M |
| EBITDA range | $833K – $1.7M |
| Industry (NAICS) | Other Scientific and Technical Consulting Services (541690) |
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, 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
- BankingFirst Oklahoma 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 Roles are as stated there and may be out of date.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
| First Oklahoma Bank PPP 2020, PPP 2021 | All 695 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $90K | 25 |
| 2/25/2021 | second | $138K | 23 |
About Formula Energy Services LLC
Formula Energy Services LLC is a consulting company in Tulsa, Oklahoma. Its estimated annual revenue is about $8.6M, with roughly $1.4M of EBITDA. It has about 25 employees. Its estimated business value is $6.3M (likely range $3.0M–$9.0M).
Common questions
- Who owns Formula Energy Services LLC?
- The owner of Formula Energy Services 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 Formula Energy Services LLC make?
- SeeBITDA estimates Formula Energy Services LLC's annual revenue at about $8.6M (likely between $5.1M and $10.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Formula Energy Services LLC worth?
- About $6.3M, roughly 4.5× its estimated EBITDA of $1.4M, typical for a consulting company its size. Likely range: $3.0M–$9.0M.
- How many employees does Formula Energy Services LLC have?
- About 25, as reported on its PPP loan.