Longhorn Service Company
How we got $34.5M
Based on 72 employees on its 2024 401(k) filing.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 30% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▼ 13% 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
▼ 30% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 103 | $36.4M |
| 2021 | Form 5500 | 96 | $33.9M |
| 2023 | Form 5500 | 83 | $29.3M |
| 2024 | Form 5500 | 72 | $25.4M |
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 |
|---|---|---|
| LONGHORN SERVICE COMPANY this business | $29.2M | — |
| R&S SWABBING, INC. Hennessey · 6 employees | $3.1M | 0.2 mi |
| JP HYDROTESTING LLC Hennessey · 8 employees | $3.5M | 0.2 mi |
| RANGER OILFIELD SERVICE, CORPORATION Hennessey · 58 employees | $30.7M | 0.2 mi |
| LINCOLN SERVICES LLC Hennessey · 3 employees | $1.8M | 0.4 mi |
| VARGAS WELL SERVICE LLC Hennessey · 6 employees | $2.1M | 0.4 mi |
| R&S HYDROTESTING, INC. Hennessey · 5 employees | $1.6M | 0.6 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $34.5M |
| Multiple for this size and industry | 5.2× |
| Value range | $18.0M – $50.7M |
| Employees in its retirement plan (2024 Form 5500) | 72 |
| Industry revenue per employee | $353K |
| Revenue = employees × revenue per employee | $29.2M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $6.6M |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $19.1M – $35.8M |
| EBITDA range | $4.3M – $8.1M |
| Industry (NAICS) | Support Activities for Mining (213110) |
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. These are statistical estimates, not reported financials. Listing details come from the company's Form 5500 retirement-plan filing. Full methodology
About Longhorn Service Company
Longhorn Service Company is a support activities for mining company in Hennessey, Oklahoma. Its estimated annual revenue is about $29.2M, with roughly $6.6M of EBITDA. It has about 72 employees. Its estimated business value is $34.5M (likely range $18.0M–$50.7M).
Common questions
- Who owns Longhorn Service Company?
- The owner of Longhorn Service Company 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 Longhorn Service Company make?
- SeeBITDA estimates Longhorn Service Company's annual revenue at about $29.2M (likely between $19.1M and $35.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Longhorn Service Company worth?
- About $34.5M, roughly 5.2× its estimated EBITDA of $6.6M, typical for a support activities for mining company its size. Likely range: $18.0M–$50.7M.
- How many employees does Longhorn Service Company have?
- About 72, from its 2024 retirement-plan filing.