Cimarron Construction Company
How we got $19.1M
Based on its 84 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 26 years (since 2000)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 20% 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
▲ 19% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 84 | $28.1M |
| 2020 | Form 5500 | 69 | $23.1M |
| 2021 | Form 5500 | 73 | $24.4M |
| 2022 | Form 5500 | 72 | $24.1M |
| 2023 | Form 5500 | 84 | $28.1M |
| 2024 | Form 5500 | 91 | $30.4M |
| 2025 | Form 5500 | 100 | $33.4M |
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 |
|---|---|---|
| CIMARRON CONSTRUCTION COMPANY this business | $47.5M | — |
| CONCRETE ENTERPRISES, INC. Oklahoma City · 136 employees | $84.3M | 3.4 mi |
| BURNS PAVING CO., INC. Oklahoma City · 45 employees | $22.0M | 3.6 mi |
| BRIFEN USA, INC. Oklahoma City · 7 employees | $5.3M | 5.4 mi |
| MIDSTATE TRAFFIC CONTROL, INC. Oklahoma City · 51 employees | $28.1M | 5.4 mi |
| NASH CONSTRUCTION COMPANY Oklahoma City · 58 employees | $29.0M | 5.7 mi |
| BLASTRAC NA INC. Oklahoma City · 102 employees | $66.7M | 5.7 mi |
The full calculation
| Employees reported to the SBA | 84 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $44.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $38.8M |
| Estimate: the two combined (geometric mean) | $47.5M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $4.6M |
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 | $19.1M |
| Multiple for this size and industry | 4.1× |
| Value range | $10.0M – $26.1M |
| Revenue range | $31.2M – $54.1M |
| EBITDA range | $3.1M – $5.3M |
| Industry (NAICS) | Highway, Street, and Bridge Construction (237310) |
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
- 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 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $958K | 84 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cimarron Construction Company
Cimarron Construction Company is a highway, street, and bridge construction company in Oklahoma City, Oklahoma, in business since 2000. It is owned by Tommy Noble (Co-owner). Its estimated annual revenue is about $47.5M, with roughly $4.6M of EBITDA. It has about 100 employees. Its estimated business value is $19.1M (likely range $10.0M–$26.1M).
Common questions
- Who owns Cimarron Construction Company?
- Cimarron Construction Company is owned by Tommy Noble (Co-owner), according to public sources such as the company's website or filings.
- How much revenue does Cimarron Construction Company make?
- SeeBITDA estimates Cimarron Construction Company's annual revenue at about $47.5M (likely between $31.2M and $54.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cimarron Construction Company worth?
- About $19.1M, roughly 4.1× its estimated EBITDA of $4.6M, typical for a highway, street, and bridge construction company its size. Likely range: $10.0M–$26.1M.
- How many employees does Cimarron Construction Company have?
- About 100, from its 2025 retirement-plan filing.
- When was Cimarron Construction Company founded?
- Cimarron Construction Company has been in business since 2000.