How we got $2.7M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 40% 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 |
|---|---|---|
| LMS PRODUCTS, INC. this business | $5.2M | — |
| Larry's Machine Shop (lms) Perry | $2.0M | 0.2 mi |
| CNC Programming Solutions LLC Perkins | $2.0M | 24.2 mi |
| LYNN'S MACHINE INC Enid · 10 employees | $3.1M | 27.0 mi |
| LYNNS MACHINE INC Enid · 10 employees | $2.8M | 27.0 mi |
| B-B MACHINE SHOP INC Enid · 5 employees | $1.8M | 29.5 mi |
| BB MACHINE & SUPPLY Enid · 5 employees | $1.8M | 29.5 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.1M |
| Estimate: the two combined (geometric mean) | $5.2M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $680K |
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 | $2.7M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.4M – $3.6M |
| Revenue range | $3.4M – $6.0M |
| EBITDA range | $448K – $776K |
| Industry (NAICS) | Machine Shops (332710) |
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
Advisors
- BankingExchange Bank and 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 Roles are as stated there and may be out of date.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
| Exchange Bank and Trust Company PPP 2020, PPP 2021 | All 217 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 | $195K | 16 |
| 3/2/2021 | second | $140K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lms Products, Inc.
Lms Products, Inc. is a machine shops & fabrication company in Perry, Oklahoma. It is owned by Larry Jarrett. Its estimated annual revenue is about $5.2M, with roughly $680K of EBITDA. It has about 16 employees. Its estimated business value is $2.7M (likely range $1.4M–$3.6M).
Common questions
- Who owns Lms Products, Inc.?
- Lms Products, Inc. is owned by Larry Jarrett, according to public sources such as the company's website or filings.
- How much revenue does Lms Products, Inc. make?
- SeeBITDA estimates Lms Products, Inc.'s annual revenue at about $5.2M (likely between $3.4M and $6.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lms Products, Inc. worth?
- About $2.7M, roughly 3.9× its estimated EBITDA of $680K, typical for a machine shops & fabrication company its size. Likely range: $1.4M–$3.6M.
- How many employees does Lms Products, Inc. have?
- About 16, as reported on its PPP loan.