Cobalt Construction, Inc.
How we got $6.5M
Based on 31 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
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.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| COBALT CONSTRUCTION, INC. this business | $19.5M | — |
| HOWE'S REFRIGERATION LLC Woodward · 4 employees | $936K | 0.1 mi |
| Suddenlink Communications Woodward | $2.0M | 0.1 mi |
| CEDAR RIDGE GENERAL CONTRACTING INC Woodward · 7 employees | $6.2M | 0.2 mi |
| LANGSTON SERVICES INC Woodward · 7 employees | $2.3M | 0.2 mi |
| Langston Plumbing & Heating Woodward | $1.9M | 0.2 mi |
| WALES PLUMBING LLC Woodward · 6 employees | $1.8M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Industry revenue per employee | $334K |
| Revenue = employees × revenue per employee | $19.5M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $1.9M |
| Cross-check: revenue implied by PPP payroll | $5.3M |
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 | $6.5M |
| Multiple for this size and industry | 3.4× |
| Value range | $3.1M – $9.2M |
| Revenue range | $11.6M – $23.1M |
| EBITDA range | $1.1M – $2.3M |
| Industry (NAICS) | Highway, Street, and Bridge Construction (237310) |
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
History & advisors
Advisors
- BankingThe Stock Exchange 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 Roles are as stated there and may be out of date.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
| The Stock Exchange Bank PPP 2020 | All 200 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 | $132K | 31 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cobalt Construction, Inc.
Cobalt Construction, Inc. is a highway, street, and bridge construction company in Woodward, Oklahoma, in business since 2010. Its estimated annual revenue is about $19.5M, with roughly $1.9M of EBITDA. It has about 31 employees. Its estimated business value is $6.5M (likely range $3.1M–$9.2M).
Common questions
- Who owns Cobalt Construction, Inc.?
- The owner of Cobalt Construction, 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 Cobalt Construction, Inc. make?
- SeeBITDA estimates Cobalt Construction, Inc.'s annual revenue at about $19.5M (likely between $11.6M and $23.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cobalt Construction, Inc. worth?
- About $6.5M, roughly 3.4× its estimated EBITDA of $1.9M, typical for a highway, street, and bridge construction company its size. Likely range: $3.1M–$9.2M.
- How many employees does Cobalt Construction, Inc. have?
- About 31, as reported on its PPP loan.
- When was Cobalt Construction, Inc. founded?
- Cobalt Construction, Inc. has been in business since 2010.