Dougherty Forestry Manufacturing, Ltd. Co.
How we got $5.9M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▼ 12% 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
▼ 81% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 16 | $10.9M |
| 2020 | Form 5500 | 15 | $10.2M |
| 2021 | Form 5500 | 7 | $4.8M |
| 2022 | Form 5500 | 5 | $3.4M |
| 2023 | Form 5500 | 3 | $2.0M |
| 2024 | Form 5500 | 3 | $2.0M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 23 years (since 2003)
- Headcount down 80% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Dougherty Forestry Manufacturing builds forestry equipment for land clearing, forestry, and mulching, manufacturing every product in-house at its El Reno, Oklahoma facility.
From the company's website. Industry: Farm Machinery and Equipment Manufacturing.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DOUGHERTY FORESTRY MANUFACTURING, LTD. CO. this business | $11.2M | — |
| MURRAY SERVICES, INC. Hinton · 15 employees | $12.7M | 0.2 mi |
| AB BITS LLC Weatherford · 1 employees | $816K | 17.6 mi |
| T-N-T MACHINE Weatherford · 3 employees | $2.9M | 19.5 mi |
| Crystal Springs El Reno | $1.1M | 20.1 mi |
| CATTLEAC CATTLE EQUIPMENT AND ACC INC Weatherford · 11 employees | $5.3M | 21.3 mi |
| WALL BIN HOPPERS LLC Colony · 8 employees | $3.3M | 22.7 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.3M |
| Estimate: the two combined (geometric mean) | $11.2M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.3M |
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 | $5.9M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.1M – $8.1M |
| Revenue range | $7.4M – $12.8M |
| EBITDA range | $825K – $1.4M |
| Industry (NAICS) | Farm Machinery and Equipment Manufacturing (333111) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“DFM was founded in 2003 with the vision of producing high quality equipment for land clearing, forestry, and mulching.”
Advisors
- BankingUMB Bank, National Association, Stearns Bank National AssociationPPP / 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
| Stearns Bank National Association 7(a) 2024 | All 5 borrowers → |
| UMB Bank, National Association PPP 2020 | All 99 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 | $188K | 16 |
Public records
| Oct 2023 | 7(a) | $782K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Dougherty Forestry Manufacturing, Ltd. Co.
Dougherty Forestry Manufacturing, Ltd. Co. is a farm machinery and equipment manufacturing company in Hinton, Oklahoma, in business since 2003. Its estimated annual revenue is about $11.2M, with roughly $1.3M of EBITDA. It has about 3 employees. Its estimated business value is $5.9M (likely range $3.1M–$8.1M).
Common questions
- Who owns Dougherty Forestry Manufacturing, Ltd. Co.?
- The owner of Dougherty Forestry Manufacturing, Ltd. Co. 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 Dougherty Forestry Manufacturing, Ltd. Co. make?
- SeeBITDA estimates Dougherty Forestry Manufacturing, Ltd. Co.'s annual revenue at about $11.2M (likely between $7.4M and $12.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Dougherty Forestry Manufacturing, Ltd. Co. worth?
- About $5.9M, roughly 4.7× its estimated EBITDA of $1.3M, typical for a farm machinery and equipment manufacturing company its size. Likely range: $3.1M–$8.1M.
- How many employees does Dougherty Forestry Manufacturing, Ltd. Co. have?
- About 3, from its 2024 retirement-plan filing.
- When was Dougherty Forestry Manufacturing, Ltd. Co. founded?
- Dougherty Forestry Manufacturing, Ltd. Co. has been in business since 2003.