Refractory Testing and Inspection, Inc.
How we got $1.4M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 36% 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.
What we know
Signs of a sale Some signs of a sale
- In business 41 years (since 1985)
From public records and the company's website, not a statement that it's for sale.
What they do
Refractory Testing and Inspection, Inc. in Tulsa, Oklahoma offers laboratory testing, inspection, and lining services for refractory materials. It also manufactures cast molds for testing.
From the company's website. Industry: Engineering & architecture.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| REFRACTORY TESTING AND INSPECTION, INC. this business | $2.3M | — |
| Tailwind Inspection, Inc Tulsa | $3.0M | 0.3 mi |
| Taswallson Manufacturing Llc Tulsa | $2.0M | 1.7 mi |
| PENCORE ENGINEERING & CONSULTANTS, LLC Tulsa · 12 employees | $4.9M | 2.0 mi |
| DXC Technology Tulsa | $2.0M | 2.0 mi |
| Tactical Signals Intel Tulsa | $2.0M | 2.3 mi |
| Transparent Testing Tulsa | $2.0M | 2.8 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.5M |
| Estimate: the two combined (geometric mean) | $2.3M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $408K |
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 | $1.4M |
| Multiple for this size and industry | 3.5× |
| Value range | $752K – $2.0M |
| Revenue range | $1.5M – $2.6M |
| EBITDA range | $269K – $466K |
| Industry (NAICS) | Testing Laboratories and Services (541380) |
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
“Since 1985 we have assisted refractory systems users in design, selection and implementation of refractory lining systems.”
Advisors
- BankingGrand 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
| Grand Bank PPP 2020, PPP 2021 | All 407 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $111K | 8 |
| 4/2/2021 | second | $125K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Refractory Testing and Inspection, Inc.
Refractory Testing and Inspection, Inc. is an engineering & architecture company in Tulsa, Oklahoma, in business since 1985. Its estimated annual revenue is about $2.3M, with roughly $408K of EBITDA. It has about 8 employees. Its estimated business value is $1.4M (likely range $752K–$2.0M).
Common questions
- Who owns Refractory Testing and Inspection, Inc.?
- The owner of Refractory Testing and Inspection, 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 Refractory Testing and Inspection, Inc. make?
- SeeBITDA estimates Refractory Testing and Inspection, Inc.'s annual revenue at about $2.3M (likely between $1.5M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Refractory Testing and Inspection, Inc. worth?
- About $1.4M, roughly 3.5× its estimated EBITDA of $408K, typical for a engineering & architecture company its size. Likely range: $752K–$2.0M.
- How many employees does Refractory Testing and Inspection, Inc. have?
- About 8, as reported on its PPP loan.
- When was Refractory Testing and Inspection, Inc. founded?
- Refractory Testing and Inspection, Inc. has been in business since 1985.