State Farm
How we got $1.1M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
What they do
State Farm agent Devin Smith offers insurance and financial products in Oklahoma City, OK, focusing on auto insurance and relocations to nearby communities.
From the company's website. Industry: Insurance agencies.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| State Farm this business | $806K | — |
| Heartland General Agency, Inc. Oklahoma City | $806K | 0.1 mi |
| Great Northwest Insurance Company Oklahoma City | $806K | 0.2 mi |
| AC BRANCH HOLDINGS, LLC Oklahoma City · 7 employees | $2.6M | 0.2 mi |
| Midlands Injury Management Oklahoma City | $806K | 0.2 mi |
| Liberty Mutual Oklahoma City | $806K | 0.2 mi |
| Blue Cross And Blue Shield Oklahoma City | $1.6M | 0.2 mi |
The full calculation
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 | $1.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $411K – $1.7M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Agencies, brokerages, and other insurance related activities businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (38%). Treat these as a rough guide.
| Revenue range | $371K – $1.0M |
| EBITDA range | $143K – $387K |
| Industry (NAICS) | Agencies, brokerages, and other insurance related activities (5242) |
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
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About State Farm
State Farm is an insurance agencies company in Oklahoma City, Oklahoma, in business since 2020. It is owned by Devin Smith (Founder). Its estimated annual revenue is about $806K, with roughly $310K of EBITDA. Its estimated business value is $1.1M (likely range $411K–$1.7M).
Common questions
- Who owns State Farm?
- State Farm is owned by Devin Smith (Founder), according to public sources such as the company's website or filings.
- How much revenue does State Farm make?
- SeeBITDA estimates State Farm's annual revenue at about $806K (likely between $371K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is State Farm worth?
- About $1.1M, roughly 3.6× its estimated EBITDA of $310K, typical for a insurance agencies company its size. Likely range: $411K–$1.7M.
- When was State Farm founded?
- State Farm has been in business since 2020.