Natural Evolution, Inc.
How we got $2.7M
Based on its 10 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 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 48% 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 |
|---|---|---|
| NATURAL EVOLUTION, INC. this business | $10.4M | — |
| VISIONS TILE AND STONE, INCORPORATED Tulsa · 4 employees | $4.4M | 0.7 mi |
| PREFERRED FILM CONVERTERS INC Tulsa · 3 employees | $3.4M | 0.8 mi |
| NICHOLS MARINE, INC. Tulsa · 15 employees | $13.9M | 1.1 mi |
| KARKRUNCH24, LLC Tulsa · 3 employees | $2.9M | 1.2 mi |
| SOONER WHOLESALE SIDING SUPPLY, INC. Tulsa · 1 employees | $1.5M | 1.3 mi |
| SELCO, LLC Tulsa · 26 employees | $81.1M | 2.1 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.7M |
| Estimate: the two combined (geometric mean) | $10.4M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $763K |
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 | 3.6× |
| Value range | $1.4M – $3.8M |
| Revenue range | $6.8M – $11.8M |
| EBITDA range | $502K – $870K |
| Industry (NAICS) | Recyclable Material Merchant Wholesalers (423930) |
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
People & advisors
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 Roles are as stated there and may be out of date.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 | All 446 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $109K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Natural Evolution, Inc.
Natural Evolution, Inc. is a recyclable material merchant wholesalers company in Tulsa, Oklahoma, in business since 2001. Its estimated annual revenue is about $10.4M, with roughly $763K of EBITDA. It has about 10 employees. Its estimated business value is $2.7M (likely range $1.4M–$3.8M).
Common questions
- Who owns Natural Evolution, Inc.?
- The owner of Natural Evolution, 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 Natural Evolution, Inc. make?
- SeeBITDA estimates Natural Evolution, Inc.'s annual revenue at about $10.4M (likely between $6.8M and $11.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Natural Evolution, Inc. worth?
- About $2.7M, roughly 3.6× its estimated EBITDA of $763K, typical for a recyclable material merchant wholesalers company its size. Likely range: $1.4M–$3.8M.
- How many employees does Natural Evolution, Inc. have?
- About 10, as reported on its PPP loan.
- When was Natural Evolution, Inc. founded?
- Natural Evolution, Inc. has been in business since 2001.