APMEX Inc.
How we got $321.2M
Based on 307 employees on its 2025 401(k) filing.
What we know
Signs of a sale Unlikely to sell soon
- Investment from MKS PAMP GROUP (2023)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Minority investment from MKS PAMP GROUP · Sep 2023MKS PAMP Group made a strategic investment in bullion retailer APMEX, according to a 2023 Scottsdale Mint article.Source
Estimated value over time
▲ 61% 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
▲ 30% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 237 | $95.4M |
| 2021 | Form 5500 | 257 | $103.5M |
| 2022 | Form 5500 | 280 | $112.8M |
| 2023 | Form 5500 | 295 | $118.8M |
| 2024 | Form 5500 | 301 | $121.2M |
| 2025 | Form 5500 | 307 | $123.6M |
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 |
|---|---|---|
| APMEX Inc. this business | $155.2M | — |
| Citadel Global Depository Services, Inc. Oklahoma City | $601K | 0.0 mi |
| ONEGOLD Oklahoma City | $601K | 0.0 mi |
| Arvest Bank Oklahoma City | $984K | 0.0 mi |
| Plains Ventures Oklahoma City | $601K | 0.0 mi |
| Tom Johnson Investment Management Oklahoma City | $5.0M | 0.0 mi |
| Federal Aviation Title Co Oklahoma City | $601K | 0.0 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $321.2M |
| Multiple for this size and industry | 8.5× |
| Value range | $205.6M – $578.2M |
| Employees in its retirement plan (2025 Form 5500) | 307 |
| Industry revenue per employee | $403K |
| Revenue = employees × revenue per employee | $155.2M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $37.8M |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $124.2M – $232.8M |
| EBITDA range | $30.2M – $56.7M |
| Industry (NAICS) | Finance and insurance (52) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
Leadership
- DSDoug SterkCFO · From a web search · source
- DYDavid YockelSigned for the company · 2025 retirement-plan filing (Form 5500)
Advisors
- AccountingSjhl, LLCAudits its 401(k) plan (2025 filing)
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About APMEX Inc.
APMEX Inc. is a finance and insurance company in Oklahoma City, Oklahoma. It is owned by Scott Thomas (CEO). Its estimated annual revenue is about $155.2M, with roughly $37.8M of EBITDA. It has about 307 employees. Its estimated business value is $321.2M (likely range $205.6M–$578.2M).
Common questions
- Who owns APMEX Inc.?
- APMEX Inc. is owned by Scott Thomas (CEO), according to public sources such as the company's website or filings.
- How much revenue does APMEX Inc. make?
- SeeBITDA estimates APMEX Inc.'s annual revenue at about $155.2M (likely between $124.2M and $232.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is APMEX Inc. worth?
- About $321.2M, roughly 8.5× its estimated EBITDA of $37.8M, typical for a finance and insurance company its size. Likely range: $205.6M–$578.2M.
- How many employees does APMEX Inc. have?
- About 307, from its 2025 retirement-plan filing.