Mathis Oil Company, Inc
How we got $12.8M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 37 years (since 1989)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 31% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MATHIS OIL COMPANY, INC this business | $59.0M | — |
| Blue Rhino Propane Exchange Guymon | $9.6M | 0.2 mi |
| PIPELINE MAINTENANCE SERVICES, LLC Guymon · 5 employees | $4.8M | 0.4 mi |
| THE GARAGE NW 6TH, LLC Guymon · 2 employees | $2.3M | 0.5 mi |
| ZAK'S CHEESE, INC. Guymon · 5 employees | $11.0M | 0.5 mi |
| GUADALUPE ESTRADA DE MORA Guymon · 5 employees | $7.3M | 0.7 mi |
| Blue Rhino Propane Exchange Guymon | $9.6M | 1.1 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $79.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $33.6M |
| Estimate: the two combined (geometric mean) | $59.0M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $2.5M |
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 | $12.8M |
| Multiple for this size and industry | 5.2× |
| Value range | $6.8M – $17.6M |
| Revenue range | $38.8M – $67.2M |
| EBITDA range | $1.6M – $2.8M |
| Industry (NAICS) | Petroleum Bulk Stations and Terminals (424710) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingPanhandle First 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
| Panhandle First Bank PPP 2020, PPP 2021 | All 123 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $53K | 8 |
| 1/30/2021 | second | $53K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mathis Oil Company, Inc
Mathis Oil Company, Inc is a petroleum bulk stations and terminals company in Guymon, Oklahoma, in business since 1989. Its estimated annual revenue is about $59.0M, with roughly $2.5M of EBITDA. It has about 8 employees. Its estimated business value is $12.8M (likely range $6.8M–$17.6M).
Common questions
- Who owns Mathis Oil Company, Inc?
- The owner of Mathis Oil Company, 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 Mathis Oil Company, Inc make?
- SeeBITDA estimates Mathis Oil Company, Inc's annual revenue at about $59.0M (likely between $38.8M and $67.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mathis Oil Company, Inc worth?
- About $12.8M, roughly 5.2× its estimated EBITDA of $2.5M, typical for a petroleum bulk stations and terminals company its size. Likely range: $6.8M–$17.6M.
- How many employees does Mathis Oil Company, Inc have?
- About 8, as reported on its PPP loan.
- When was Mathis Oil Company, Inc founded?
- Mathis Oil Company, Inc has been in business since 1989.