Heron, Fox, Trout & Sherry PC
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
▲ 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.
Employees over time
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 7 | $1.9M |
| 2020 | Form 5500 | 6 | $1.7M |
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 |
|---|---|---|
| HERON, FOX, TROUT & SHERRY PC this business | $2.7M | — |
| The Baldwin Firm, Pllc Edmond | $942K | 0.0 mi |
| Cardoza Law LLC Oklahoma City | $942K | 0.1 mi |
| Gabrovski Law Firm Edmond | $942K | 0.1 mi |
| Joseph P. Balkenbush, Pc Edmond | $942K | 0.1 mi |
| LAW OFFICE OF MARK A. COX, PLLC Edmond · 1 employees | $396K | 0.2 mi |
| MAPLES NIX & DIESSELHORST, PLLC Edmond · 13 employees | $4.2M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.0M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $485K |
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 | 2.3× |
| Value range | $587K – $1.5M |
| Revenue range | $1.8M – $3.1M |
| EBITDA range | $319K – $553K |
| Industry (NAICS) | Offices of Lawyers (541110) |
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
People & advisors
Advisors
- BankingFirst-Citizens Bank & Trust CompanyPPP / 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-Citizens Bank & Trust Company PPP 2020 | All 78 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $134K | 7 |
About Heron, Fox, Trout & Sherry PC
Heron, Fox, Trout & Sherry PC is a law firms company in Edmond, Oklahoma. Its estimated annual revenue is about $2.7M, with roughly $485K of EBITDA. It has about 6 employees. Its estimated business value is $1.1M (likely range $587K–$1.5M).
Common questions
- Who owns Heron, Fox, Trout & Sherry PC?
- The owner of Heron, Fox, Trout & Sherry PC 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 Heron, Fox, Trout & Sherry PC make?
- SeeBITDA estimates Heron, Fox, Trout & Sherry PC's annual revenue at about $2.7M (likely between $1.8M and $3.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Heron, Fox, Trout & Sherry PC worth?
- About $1.1M, roughly 2.3× its estimated EBITDA of $485K, typical for a law firms company its size. Likely range: $587K–$1.5M.
- How many employees does Heron, Fox, Trout & Sherry PC have?
- About 6, from its 2020 retirement-plan filing.