How we got $386.3M
Based on 175 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
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.
Employees over time
▼ 81% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 175 | $58.3M |
| 2020 | Form 5500 | 56 | $18.7M |
| 2021 | Form 5500 | 74 | $24.7M |
| 2022 | Form 5500 | 48 | $16.0M |
| 2023 | Form 5500 | 38 | $12.7M |
| 2024 | Form 5500 | 32 | $10.7M |
| 2025 | Form 5500 | 33 | $11.0M |
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.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 55% since 2021 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| T-STONE LLC this business | $260.3M | — |
| HOGAN DATA OPERATIONS LP Oklahoma City · 13 employees | $6.3M | 0.9 mi |
| PARKER INVESTMENT GROUP INC Oklahoma City · 1 employees | $979K | 1.1 mi |
| AVONDALE INVESTMENTS, L.L.C. Oklahoma City · 2 employees | $1.4M | 1.1 mi |
| MERIT ADVISORS, INC Oklahoma City · 3 employees | $2.2M | 1.1 mi |
| VAUGHAN INDUSTRIAL, LLC Oklahoma City · 1 employees | $555K | 1.4 mi |
| VICTORUM CAPITAL CLUB, LLC Oklahoma City · 4 employees | $3.6M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 175 |
| Industry revenue per employee | $333K |
| Revenue = employees × revenue per employee | $260.3M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $60.4M |
| Cross-check: revenue implied by PPP payroll | $11.7M |
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 | $386.3M |
| Multiple for this size and industry | 6.4× |
| Value range | $182.8M – $548.5M |
| Revenue range | $154.0M – $308.0M |
| EBITDA range | $35.7M – $71.4M |
| Industry (NAICS) | Other financial investment activities (523920) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $521K | 175 |
About T-Stone LLC
T-Stone LLC is a financial advisors company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $260.3M, with roughly $60.4M of EBITDA. It has about 33 employees. Its estimated business value is $386.3M (likely range $182.8M–$548.5M).
Common questions
- Who owns T-Stone LLC?
- The owner of T-Stone LLC 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 T-Stone LLC make?
- SeeBITDA estimates T-Stone LLC's annual revenue at about $260.3M (likely between $154.0M and $308.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is T-Stone LLC worth?
- About $386.3M, roughly 6.4× its estimated EBITDA of $60.4M, typical for a financial advisors company its size. Likely range: $182.8M–$548.5M.
- How many employees does T-Stone LLC have?
- About 33, from its 2025 retirement-plan filing.