Est Inc
How we got $66.5M
Based on its 219 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 90% 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
▲ 37% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 219 | $47.9M |
| 2020 | Form 5500 | 220 | $48.1M |
| 2021 | Form 5500 | 232 | $50.7M |
| 2022 | Form 5500 | 292 | $63.8M |
| 2023 | Form 5500 | 301 | $65.8M |
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 |
|---|---|---|
| EST INC this business | $75.6M | — |
| The It Guys, Llc. Oklahoma City | $929K | 0.2 mi |
| Interworks Oklahoma City | $929K | 0.2 mi |
| STUDIO ARCHITECTURE, PC Oklahoma City · 17 employees | $4.1M | 0.2 mi |
| MICHAEL MCCOY ARCHITECTS INC. Oklahoma City · 4 employees | $1.3M | 0.2 mi |
| 8-bit Business Solutions Llc Oklahoma City | $929K | 0.2 mi |
| Davinci Network Services Oklahoma City | $1.9M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 219 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $79.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $71.6M |
| Estimate: the two combined (geometric mean) | $75.6M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $8.9M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 52% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $66.5M |
| Multiple for this size and industry | 7.5× |
| Value range | $39.9M – $103.8M |
| Revenue range | $56.7M – $98.2M |
| EBITDA range | $6.7M – $11.5M |
| Industry (NAICS) | Engineering Services (541330) |
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
Leadership
- MVMike VahabzadeganSigned for the company · 2021 retirement-plan filing (Form 5500)
Advisors
- AccountingForeman & Leathers, PCAudits its 401(k) plan (2023 filing)
- BankingMidFirst 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
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $2.8M | 219 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Est Inc
Est Inc is an engineering & architecture company in Oklahoma City, Oklahoma. It is owned by Michael Vahabzadegan (President). Its estimated annual revenue is about $75.6M, with roughly $8.9M of EBITDA. It has about 301 employees. Its estimated business value is $66.5M (likely range $39.9M–$103.8M).
Common questions
- Who owns Est Inc?
- Est Inc is owned by Michael Vahabzadegan (President), according to public sources such as the company's website or filings.
- How much revenue does Est Inc make?
- SeeBITDA estimates Est Inc's annual revenue at about $75.6M (likely between $56.7M and $98.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Est Inc worth?
- About $66.5M, roughly 7.5× its estimated EBITDA of $8.9M, typical for a engineering & architecture company its size. Likely range: $39.9M–$103.8M.
- How many employees does Est Inc have?
- About 301, from its 2023 retirement-plan filing.