Lytle, Soule & Felty, P.C.
How we got $3.5M
Based on its 19 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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
▲ 11% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 19 | $5.3M |
| 2020 | Form 5500 | 17 | $4.7M |
| 2021 | Form 5500 | 19 | $5.3M |
| 2022 | Form 5500 | 19 | $5.3M |
| 2023 | Form 5500 | 21 | $5.8M |
| 2024 | Form 5500 | 22 | $6.1M |
| 2025 | Form 5500 | 21 | $5.8M |
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 124 years (since 1902)
From public records and the company's website, not a statement that it's for sale.
What they do
Lytle Soulé & Felty, P.C. is a law firm in Oklahoma City founded in 1902 that offers legal services across many practice areas. Its clients include Fortune 500 corporations, business partnerships, limited liability companies, and individuals.
From the company's website. Industry: Law firms.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- LSB INDUSTRIES, INC · Oklahoma City, 6 mi · $615.2M
- DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC · Oklahoma City, 11 mi · $339.7M
- SOUTHWESTERN WIRE INC · Norman, 20 mi · $312.5M
- AIRX CLIMATE SOLUTIONS, INC. · Yukon, 15 mi · $245.1M
- MERCER VALVE CO., INC. · Oklahoma City, 9 mi · $232.1M
- Continental Resources · Oklahoma City, 0 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 10 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 11 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 2 mi · $711.9M
- MUSTANG FUEL CORPORATION · Oklahoma City, 7 mi · $708.4M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LYTLE, SOULE & FELTY, P.C. this business | $6.3M | — |
| JAYNE JARNIGAN ROBERTSON, P.C. Oklahoma City · 2 employees | $779K | 0.0 mi |
| JEFFERY S LUDLAM, P.C. Oklahoma City · 1 employees | $514K | 0.0 mi |
| LINDSEY W MULINIX PLLC Oklahoma City · 1 employees | $422K | 0.0 mi |
| MATTHEW C. KANE, PC Okc · 1 employees | $432K | 0.0 mi |
| Bryan Garrett Pllc Oklahoma City | $948K | 0.0 mi |
| Chubbuck Smith Rhodes Oklahoma City | $948K | 0.0 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.5M |
| Estimate: the two combined (geometric mean) | $6.3M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $1.0M |
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 | $3.5M |
| Multiple for this size and industry | 3.4× |
| Value range | $1.8M – $4.8M |
| Revenue range | $4.1M – $7.2M |
| EBITDA range | $679K – $1.2M |
| 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
History & advisors
“Founded as Shartel & Wells on January 1, 1902, Lytle Soulé & Felty, a Professional Corporation, is the oldest firm in Oklahoma City and one of the oldest firms in the State.”
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 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 | $266K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lytle, Soule & Felty, P.C.
Lytle, Soule & Felty, P.C. is a law firms company in Oklahoma City, Oklahoma, in business since 1902. Its estimated annual revenue is about $6.3M, with roughly $1.0M of EBITDA. It has about 21 employees. Its estimated business value is $3.5M (likely range $1.8M–$4.8M).
Common questions
- Who owns Lytle, Soule & Felty, P.C.?
- The owner of Lytle, Soule & Felty, P.C. 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 Lytle, Soule & Felty, P.C. make?
- SeeBITDA estimates Lytle, Soule & Felty, P.C.'s annual revenue at about $6.3M (likely between $4.1M and $7.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lytle, Soule & Felty, P.C. worth?
- About $3.5M, roughly 3.4× its estimated EBITDA of $1.0M, typical for a law firms company its size. Likely range: $1.8M–$4.8M.
- How many employees does Lytle, Soule & Felty, P.C. have?
- About 21, from its 2025 retirement-plan filing.
- When was Lytle, Soule & Felty, P.C. founded?
- Lytle, Soule & Felty, P.C. has been in business since 1902.