Globe X-Ray Services, Inc.
How we got $13.5M
Based on its 56 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 36% 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
▼ 21% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 56 | $8.3M |
| 2020 | Form 5500 | 52 | $7.7M |
| 2021 | Form 5500 | 45 | $6.6M |
| 2022 | Form 5500 | 45 | $6.6M |
| 2023 | Form 5500 | 46 | $6.8M |
| 2024 | Form 5500 | 45 | $6.6M |
| 2025 | Form 5500 | 44 | $6.5M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 54 years (since 1972)
From public records and the company's website, not a statement that it's for sale.
What they do
Globe X-Ray Services, Inc. is a non-destructive testing company in Tulsa, Oklahoma, offering industrial inspection services, leader in non-destructive testing and customer excellence since 1972.
From the company's website. Industry: Engineering & architecture.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GLOBE X-RAY SERVICES, INC. this business | $16.0M | — |
| Available Tulsa | $2.0M | 1.0 mi |
| Cell Phone Hospital Tulsa Hills Tulsa | $2.0M | 1.0 mi |
| UScellular Tulsa | $2.0M | 1.0 mi |
| EXCELLENCE ENGINEERING, LLC Tulsa · 24 employees | $9.9M | 1.9 mi |
| SRJ FIELD SERVICES LLC Tulsa · 3 employees | $1.2M | 1.9 mi |
| KENNY W MARTIN LLC Jenks · 1 employees | $280K | 2.2 mi |
The full calculation
| Employees reported to the SBA | 56 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $17.1M |
| Estimate: the two combined (geometric mean) | $16.0M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $2.1M |
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 | $13.5M |
| Multiple for this size and industry | 6.3× |
| Value range | $7.1M – $18.4M |
| Revenue range | $10.5M – $18.2M |
| EBITDA range | $1.4M – $2.4M |
| Industry (NAICS) | Testing Laboratories and Services (541380) |
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
“Globe X-Ray Services has been in business since 1972 and are proud of the relationships they hold with their customers.”
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, PPP 2021 | All 446 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $809K | 56 |
| 1/27/2021 | second | $809K | 46 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Globe X-Ray Services, Inc.
Globe X-Ray Services, Inc. is an engineering & architecture company in Tulsa, Oklahoma, in business since 1972. It is owned by Tony Ozmun (Vice President). Its estimated annual revenue is about $16.0M, with roughly $2.1M of EBITDA. It has about 44 employees. Its estimated business value is $13.5M (likely range $7.1M–$18.4M).
Common questions
- Who owns Globe X-Ray Services, Inc.?
- Globe X-Ray Services, Inc. is owned by Tony Ozmun (Vice President), according to public sources such as the company's website or filings.
- How much revenue does Globe X-Ray Services, Inc. make?
- SeeBITDA estimates Globe X-Ray Services, Inc.'s annual revenue at about $16.0M (likely between $10.5M and $18.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Globe X-Ray Services, Inc. worth?
- About $13.5M, roughly 6.3× its estimated EBITDA of $2.1M, typical for a engineering & architecture company its size. Likely range: $7.1M–$18.4M.
- How many employees does Globe X-Ray Services, Inc. have?
- About 44, from its 2025 retirement-plan filing.
- When was Globe X-Ray Services, Inc. founded?
- Globe X-Ray Services, Inc. has been in business since 1972.