Destin Corporation
How we got $13.2M
Based on 2 employees reported for PPP in 2021, grown at the industry's Oklahoma rate since.
Estimated value over time
▲ 25% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DESTIN CORPORATION this business | $11.5M | — |
| DOUBLE 'S' TANK TRUCKS SERVICE, INC. Garber · 3 employees | $8.3M | 7.1 mi |
| CIRRUS PRODUCTION COMPANY Enid · 7 employees | $31.8M | 11.6 mi |
| SHELLBARK VENTURES LLC Enid · 1 employees | $4.5M | 13.2 mi |
| RESOURCES OPERATING CO., INC. Enid · 2 employees | $8.3M | 13.3 mi |
| HENRY GUNGOLL OPERATING INC Enid · 5 employees | $24.9M | 13.5 mi |
| HIGH PLAINS OPERATING, INC. Waukomis · 2 employees | $9.3M | 14.0 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Industry revenue per employee | $4.8M |
| Revenue = employees × revenue per employee | $11.5M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.8M |
| Cross-check: revenue implied by PPP payroll | $3.2M |
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 | $13.2M |
| Multiple for this size and industry | 4.7× |
| Value range | $6.3M – $18.8M |
| Revenue range | $6.8M – $13.6M |
| EBITDA range | $1.7M – $3.3M |
| Industry (NAICS) | Natural Gas Extraction (211130) |
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
- BankingCowboy 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 Roles are as stated there and may be out of date.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
| Cowboy Bank PPP 2021 | All 286 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/16/2021 | second | $14K | 2 |
About Destin Corporation
Destin Corporation is a natural gas extraction company in Fairmont, Oklahoma. Its estimated annual revenue is about $11.5M, with roughly $2.8M of EBITDA. It has about 2 employees. Its estimated business value is $13.2M (likely range $6.3M–$18.8M).
Common questions
- Who owns Destin Corporation?
- The owner of Destin Corporation 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 Destin Corporation make?
- SeeBITDA estimates Destin Corporation's annual revenue at about $11.5M (likely between $6.8M and $13.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Destin Corporation worth?
- About $13.2M, roughly 4.7× its estimated EBITDA of $2.8M, typical for a natural gas extraction company its size. Likely range: $6.3M–$18.8M.
- How many employees does Destin Corporation have?
- About 2, as reported on its PPP loan.