Southwest Stone, Inc.
How we got $15.3M
Based on its 31 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 43% 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
▼ 45% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 31 | $46.9M |
| 2020 | Form 5500 | 34 | $51.4M |
| 2021 | Form 5500 | 25 | $37.8M |
| 2022 | Form 5500 | 23 | $34.8M |
| 2023 | Form 5500 | 22 | $33.3M |
| 2024 | Form 5500 | 24 | $36.3M |
| 2025 | Form 5500 | 17 | $25.7M |
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 |
|---|---|---|
| SOUTHWEST STONE, INC. this business | $43.0M | — |
| INTEGRATED METALS INC Tulsa · 9 employees | $8.6M | 2.0 mi |
| MURRAY WOMBLE INC Owasso · 38 employees | $33.2M | 4.4 mi |
| FIXTURES AND DRYWALL COMPANY OF OKLAHOMA, INC. Tulsa · 69 employees | $60.0M | 5.0 mi |
| MID-CONTINENT MILLWORK LLC Tulsa · 12 employees | $15.9M | 5.7 mi |
| HUGHES LUMBER COMPANY LIMITED PARTNERSHIP Catoosa · 75 employees | $90.0M | 6.0 mi |
| GIBBS CAPITAL COMMERCIAL REALTY LLC Owasso · 3 employees | $6.2M | 6.8 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $46.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $30.9M |
| Estimate: the two combined (geometric mean) | $43.0M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $2.9M |
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 | $15.3M |
| Multiple for this size and industry | 5.2× |
| Value range | $8.1M – $21.0M |
| Revenue range | $28.3M – $49.0M |
| EBITDA range | $1.9M – $3.4M |
| Industry (NAICS) | Brick, Stone, and Related Construction Material Merchant Wholesalers (423320) |
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
- BankingRegent 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
| Regent Bank PPP 2020, PPP 2021 | All 726 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $164K | 20 |
| 4/28/2020 | first | $262K | 31 |
| 4/28/2020 | first | $100K | 11 |
| 1/21/2021 | second | $161K | 10 |
| 2/26/2021 | second | $98K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Southwest Stone, Inc.
Southwest Stone, Inc. is a brick, stone, and related construction material merchant wholesalers company in Tulsa, Oklahoma, in business since 1999. Its estimated annual revenue is about $43.0M, with roughly $2.9M of EBITDA. It has about 17 employees. Its estimated business value is $15.3M (likely range $8.1M–$21.0M).
Common questions
- Who owns Southwest Stone, Inc.?
- The owner of Southwest Stone, 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 Southwest Stone, Inc. make?
- SeeBITDA estimates Southwest Stone, Inc.'s annual revenue at about $43.0M (likely between $28.3M and $49.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Southwest Stone, Inc. worth?
- About $15.3M, roughly 5.2× its estimated EBITDA of $2.9M, typical for a brick, stone, and related construction material merchant wholesalers company its size. Likely range: $8.1M–$21.0M.
- How many employees does Southwest Stone, Inc. have?
- About 17, from its 2025 retirement-plan filing.
- When was Southwest Stone, Inc. founded?
- Southwest Stone, Inc. has been in business since 1999.