Four-S, Inc
How we got $6.7M
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 23% 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 |
|---|---|---|
| FOUR-S, INC this business | $37.5M | — |
| STEVENS PROPANE COMPANY Arnett · 2 employees | $24.7M | 50.5 mi |
| CLAYTON PROPANE LLC Seiling · 12 employees | $102.9M | 59.6 mi |
| B-K PROPANE,INC. Enid · 5 employees | $51.9M | 94.2 mi |
| ELMER SMITH OIL COMPANY Clinton · 46 employees | $798.5M | 99.3 mi |
| BECK AND ROOT PROPANE COMPANY Canute · 13 employees | $153.9M | 99.5 mi |
| J & J SALES COMPANY INC Elk City · 1 employees | $14.5M | 100.1 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $52.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.6M |
| Estimate: the two combined (geometric mean) | $37.5M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $1.6M |
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 | $6.7M |
| Multiple for this size and industry | 4.3× |
| Value range | $3.6M – $9.2M |
| Revenue range | $24.6M – $42.7M |
| EBITDA range | $1.0M – $1.8M |
| Industry (NAICS) | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720) |
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
People & advisors
Advisors
- BankingBank 7PPP / 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 Roles are as stated there and may be out of date.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
| Bank 7 PPP 2020 | All 400 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $24K | 3 |
About Four-S, Inc
Four-S, Inc is a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Buffalo, Oklahoma. Its estimated annual revenue is about $37.5M, with roughly $1.6M of EBITDA. It has about 3 employees. Its estimated business value is $6.7M (likely range $3.6M–$9.2M).
Common questions
- Who owns Four-S, Inc?
- The owner of Four-S, 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 Four-S, Inc make?
- SeeBITDA estimates Four-S, Inc's annual revenue at about $37.5M (likely between $24.6M and $42.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Four-S, Inc worth?
- About $6.7M, roughly 4.3× its estimated EBITDA of $1.6M, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $3.6M–$9.2M.
- How many employees does Four-S, Inc have?
- About 3, as reported on its PPP loan.