Covington Construction Inc
How we got $1.0M
Based on 3 employees reported for PPP in 2021, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▼ 1% since 2021Today'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 |
|---|---|---|
| COVINGTON CONSTRUCTION INC this business | $2.3M | — |
| LEGACY RESOURCES, L.L.C. Edmond · 1 employees | $955K | 1.2 mi |
| EVE BIT SALES, INC. Edmond · 9 employees | $8.3M | 1.2 mi |
| JWC INVESTMENTS, INC. Edmond · 2 employees | $1.9M | 2.1 mi |
| HOUSE OF VACUUMS INC Edmond · 2 employees | $2.1M | 2.8 mi |
| L & O PUMP & SUPPLY INC Edmond · 15 employees | $10.4M | 3.8 mi |
| APPLIED OIL TOOLS LLC Edmond · 55 employees | $42.7M | 4.5 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Industry revenue per employee | $399K |
| Revenue = employees × revenue per employee | $2.3M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $315K |
| Cross-check: revenue implied by PPP payroll | $387K |
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 | $1.0M |
| Multiple for this size and industry | 3.2× |
| Value range | $477K – $1.4M |
| Revenue range | $1.3M – $2.7M |
| EBITDA range | $186K – $373K |
| Industry (NAICS) | Construction Machinery Manufacturing (333120) |
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
- BankingFirst Bank and Trust CoPPP / 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 Roles are as stated there and may be out of date.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
| First Bank and Trust Co PPP 2021 | All 694 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/4/2021 | first | $9K | 3 |
| 4/30/2021 | second | $9K | 3 |
About Covington Construction Inc
Covington Construction Inc is a construction machinery manufacturing company in Edmond, Oklahoma. Its estimated annual revenue is about $2.3M, with roughly $315K of EBITDA. It has about 3 employees. Its estimated business value is $1.0M (likely range $477K–$1.4M).
Common questions
- Who owns Covington Construction Inc?
- The owner of Covington 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 Covington Construction Inc make?
- SeeBITDA estimates Covington Construction Inc's annual revenue at about $2.3M (likely between $1.3M and $2.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Covington Construction Inc worth?
- About $1.0M, roughly 3.2× its estimated EBITDA of $315K, typical for a construction machinery manufacturing company its size. Likely range: $477K–$1.4M.
- How many employees does Covington Construction Inc have?
- About 3, as reported on its PPP loan.