1:05:15This Scottish SaaS Company Makes $1M/Year Per Employee (#461)
From My First Million · Published Jul 5, 2023 · Watch on YouTube
TL;DR
The video presents a "business breakdown duel" comparing Petex, a Scottish oil-and-gas SaaS company generating ~$100M revenue with ~$58M profit and ~$1M revenue per employee, against Hims, a D2C telemedicine company that scaled to ~$800M revenue in seven years but with thin margins and high capital intensity.
Key insights
- Petex (Petroleum Exports) is a highly technical petroleum-engineering software company founded in 1990 in Aberdeen, Scotland; it has only 420 customers but charges ~$300K/year per license.
- Petex hit 78 million pounds (~$100M USD) revenue, 58 million pounds profit (~$58M USD), and paid 50 million pounds (~$60M USD) in dividends to the owner — a ~52% net profit margin.
- Petex’s average all-in employee cost is 101,000 pounds/year; with 86 employees, revenue per employee is 911,000 pounds (~9x ROI per hire).
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