Steeltek, Inc.
How we got $47.1M
Based on its 122 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 37% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 122 | $87.4M |
| 2020 | Form 5500 | 6 | $4.3M |
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 |
|---|---|---|
| STEELTEK, INC. this business | $95.9M | — |
| ROSA OPERATING LLC Tulsa · 24 employees | $17.9M | 0.2 mi |
| MOGAR ENERGY PRODUCTS, INC. Tulsa · 1 employees | $706K | 3.1 mi |
| C.G. MARTIN COMPANY INC Tulsa · 16 employees | $12.5M | 3.6 mi |
| VENTAIRE LLC Tulsa · 37 employees | $40.2M | 4.8 mi |
| TFT, LLC Tulsa · 34 employees | $24.7M | 6.3 mi |
| QUALITY MACHINING, L.L.C. Sapulpa · 24 employees | $23.6M | 7.8 mi |
The full calculation
| Employees reported to the SBA | 122 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $84.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $108.4M |
| Estimate: the two combined (geometric mean) | $95.9M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $6.9M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 10% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $47.1M |
| Multiple for this size and industry | 6.8× |
| Value range | $28.3M – $73.5M |
| Revenue range | $71.9M – $124.7M |
| EBITDA range | $5.2M – $9.0M |
| Industry (NAICS) | Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (331210) |
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
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 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 | $1.8M | 122 |
| 2/10/2021 | second | $1.8M | 122 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Steeltek, Inc.
Steeltek, Inc. is an iron and steel pipe and tube manufacturing from purchased steel company in Tulsa, Oklahoma. Its estimated annual revenue is about $95.9M, with roughly $6.9M of EBITDA. It has about 6 employees. Its estimated business value is $47.1M (likely range $28.3M–$73.5M).
Common questions
- Who owns Steeltek, Inc.?
- The owner of Steeltek, 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 Steeltek, Inc. make?
- SeeBITDA estimates Steeltek, Inc.'s annual revenue at about $95.9M (likely between $71.9M and $124.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Steeltek, Inc. worth?
- About $47.1M, roughly 6.8× its estimated EBITDA of $6.9M, typical for a iron and steel pipe and tube manufacturing from purchased steel company its size. Likely range: $28.3M–$73.5M.
- How many employees does Steeltek, Inc. have?
- About 6, from its 2020 retirement-plan filing.