SeeBITDAOklahoma

Fractionation Research Inc.

Consulting
  • 424 S Squires St Ste 200, Stillwater, OK
Reported revenueReported figures
$4.7M
$4.5Mlikely range$4.9M
Revenue
$4.7M
a year
Profit (EBITDA)
$770K
16% of revenue
Employees
20
reported in 2021
Owner not found yet
We haven't found the owner in public records
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How we got $4.7M

Based on IRS Form 990 (2025).

Reported revenue, IRS Form 990 (2025)$4.7M
× 16% profit margin$770K

· Own this business? Correct these figures

What we know

PPP loan, 2021
401(k) filing, 2025
Reported financials
No website found
Owner not found

Employees over time

▼ 20% since 2021
013252020202120222023202420252016
401(k) / retirement-plan participantsEmployees reported for PPP
Show as table
YearSourceEmployeesEst. revenueEst. EBITDA
2021PPP loan20$4.6M$748K
2020Form 550020$4.6M$748K
2021Form 550018$4.1M$673K
2022Form 550017$3.9M$636K
2023Form 550016$3.7M$599K
2024Form 550016$3.7M$599K
2025Form 550016$3.7M$599K

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

BusinessEst. revenueEst. profitDistance
FRACTIONATION RESEARCH INC.
this business
$4.7M$770K—
SOCIAL REALM LLC
Stillwater · 3 employees
$1.4M$278K1.2 mi
NINJA AG, LLC
Stillwater · 1 employees
$338K$79K1.9 mi
TAC SALES SERVICES, LLC
Stillwater · 1 employees
$400K$93K2.1 mi
MRJ ALLIANCE OF COMPANIES LLC
Stillwater · 1 employees
$261K$61K2.3 mi
CINDY SCHAEFER LLC
Stillwater · 1 employees
$313K$73K2.5 mi
HENRY-GONZALEZ CONSULTING
Stillwater · 1 employees
$591K$137K3.0 mi

The full calculation

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.

These are the business's own reported figures, from its IRS Form 990 filing, not an estimate. EBITDA applies the industry margin to reported revenue.

Revenue range$4.5M – $4.9M
EBITDA range$732K – $809K
Industry (NAICS)Other Scientific and Technical Consulting Services (541690)

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

Leadership

  • TC
    Tony Cai
    Chief Scientist · $260K pay (Form 990)
  • IN
    Izak Nieuwoudt
    Technical Director · $255K pay (Form 990)
  • SK
    Sergio Kapusta
    President · $219K pay (Form 990)
  • SM
    Sayeed Mohammad
    Research Engineer · $152K pay (Form 990)
  • JR
    Jeanifer Randall
    Corp Admin Director · $149K pay (Form 990)
  • JR
    Joella Redden
    Financial & Admin Associate · $73K pay (Form 990)
  • LB
    Leah Brown
    Meeting Planner · $53K pay (Form 990)
  • KW
    Keith Whitt
    Director · Form 990
  • NY
    Norman Yeh
    Director · Form 990
  • DD
    Derek Dupre
    Director · Form 990
  • GC
    Greg Cantley
    Vice President · Form 990
  • CK
    Carsten Knoesche
    Director · Form 990

Advisors

  • AccountingHogantaylor LLPPrepared its Form 990
  • 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 2021
All 5,114 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
1/27/2021first$402K$405K20Arvest Bank

Public records

IRS Form 990
Nonprofit
Revenue (2025)$4.7M
Assets$6.0M
Tax-exempt since1966

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Fractionation Research Inc.

Fractionation Research Inc. is a consulting company in Stillwater, Oklahoma. Its reported annual revenue is about $4.7M, with roughly $770K of EBITDA. It has about 16 employees.

Common questions

Who owns Fractionation Research Inc.?
The owner of Fractionation Research 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 Fractionation Research Inc. make?
Fractionation Research Inc. reported revenue of about $4.7M.
How many employees does Fractionation Research Inc. have?
About 16, from its 2025 retirement-plan filing.