Tcms, Inc.
How we got $5.2M
Based on its 22 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.
What they do
TCMS Inc. is a machining, welding, and fabrication company headquartered in Oklahoma City that says it serves its customers with quality products and customer service. It also makes and repairs replacement parts for oilfield rigs, including ST-80 and Top Drive components.
From the company's website. Industry: Machine shops & fabrication.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 6 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 12 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 12 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 6 mi · $711.7M
- T/J INSPECTION, INC. · Del City, 9 mi · $651.7M
Estimated value over time
▲ 40% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TCMS, INC. this business | $9.6M | — |
| BRUCE KEITH Oklahoma City · 2 employees | $644K | 0.2 mi |
| STATON INC Oklahoma City · 2 employees | $409K | 1.3 mi |
| BAUMAN MACHINE INC Oklahoma City · 20 employees | $7.3M | 1.8 mi |
| SPOR ENTERPRISES,INC Oklahoma City · 8 employees | $3.5M | 2.5 mi |
| B & C MACHINE COMPANY, INC Oklahoma City · 16 employees | $4.5M | 3.0 mi |
| PENN MACHINE, INC. Oklahoma City · 3 employees | $851K | 3.2 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $11.2M |
| Estimate: the two combined (geometric mean) | $9.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.1M |
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 | $5.2M |
| Multiple for this size and industry | 4.7× |
| Value range | $2.7M – $7.1M |
| Revenue range | $6.3M – $11.0M |
| EBITDA range | $727K – $1.3M |
| Industry (NAICS) | Machine Shops (332710) |
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
- BankingProsperity 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
| Prosperity Bank PPP 2020, PPP 2021 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/30/2020 | first | $419K | 22 |
| 2/11/2021 | second | $330K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tcms, Inc.
Tcms, Inc. is a machine shops & fabrication company in Oklahoma City, Oklahoma, in business since 1999. It is owned by Steve T. Baker. Its estimated annual revenue is about $9.6M, with roughly $1.1M of EBITDA. It has about 22 employees. Its estimated business value is $5.2M (likely range $2.7M–$7.1M).
Common questions
- Who owns Tcms, Inc.?
- Tcms, Inc. is owned by Steve T. Baker, according to public sources such as the company's website or filings.
- How much revenue does Tcms, Inc. make?
- SeeBITDA estimates Tcms, Inc.'s annual revenue at about $9.6M (likely between $6.3M and $11.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tcms, Inc. worth?
- About $5.2M, roughly 4.7× its estimated EBITDA of $1.1M, typical for a machine shops & fabrication company its size. Likely range: $2.7M–$7.1M.
- How many employees does Tcms, Inc. have?
- About 22, as reported on its PPP loan.
- When was Tcms, Inc. founded?
- Tcms, Inc. has been in business since 1999.