Farmrail Inc.
How we got $6.6M
Based on its 25 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 24% 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 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
Farmrail System, Inc. is a regional railroad serving rural western Oklahoma with scheduled and on-demand freight service. It serves rail-served industries that move products such as grain, frac sand, and gypsum.
From the company's website. Industry: Transportation & Warehousing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- WINTER LIVESTOCK, INC · Enid, 87 mi · $60.2M
- LANCE RHODES · Fairview, 59 mi · $10.9M
- XCEL FEEDYARD, LLC · Watonga, 43 mi · $8.7M
- LUTHI FARMS, LLC · Gage, 62 mi · $8.4M
- PREMIUM BEEF FEEDERS, LLC · Lone Wolf, 36 mi · $7.6M
- GEMINI INDUSTRIES, INC. · El Reno, 58 mi · $143.6M
- PRESDON, LLC · Kingfisher, 63 mi · $98.9M
- EXISS SOONER TRAILER MANUFACTURING, LLC · El Reno, 58 mi · $92.0M
- RICO HOLDINGS, LLC · Chickasha, 67 mi · $70.4M
- PRODUCERS COOPERATIVE OIL MILL · Altus, 63 mi · $67.7M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FARMRAIL INC. this business | $11.7M | — |
| GRAINBELT CORPORATION Clinton · 25 employees | $11.0M | 0.0 mi |
| SUPERIOR TRUCK LINE LLC Clinton · 1 employees | $800K | 0.8 mi |
| TAS TRUCKING INC. Clinton · 29 employees | $14.4M | 1.5 mi |
| TOR-S TRUCKING LLC Clinton · 9 employees | $5.1M | 1.7 mi |
| SPORTCHASSIS LLC Clinton · 81 employees | $20.6M | 2.0 mi |
| Beaver Express Service Clinton | $2.7M | 2.1 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.7M |
| Estimate: the two combined (geometric mean) | $11.7M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $1.5M |
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 | $6.6M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.5M – $9.0M |
| Revenue range | $7.7M – $13.3M |
| EBITDA range | $961K – $1.7M |
| Industry (NAICS) | Transportation & Warehousing (482112) |
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: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Farmrail System, Inc. is a proudly employee‑owned rail provider delivering dependable, community‑focused transportation solutions across Western Oklahoma.”
Advisors
- BankingSouthwest Bank of WeatherfordPPP / 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
| Southwest Bank of Weatherford PPP 2020 | All 48 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 | $417K | 25 |
| 4/6/2020 | first | $331K | 21 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Farmrail Inc.
Farmrail Inc. is a transportation & warehousing company in Clinton, Oklahoma, in business since 2002. Its estimated annual revenue is about $11.7M, with roughly $1.5M of EBITDA. It has about 25 employees. Its estimated business value is $6.6M (likely range $3.5M–$9.0M).
Common questions
- Who owns Farmrail Inc.?
- The owner of Farmrail 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 Farmrail Inc. make?
- SeeBITDA estimates Farmrail Inc.'s annual revenue at about $11.7M (likely between $7.7M and $13.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Farmrail Inc. worth?
- About $6.6M, roughly 4.5× its estimated EBITDA of $1.5M, typical for a transportation & warehousing company its size. Likely range: $3.5M–$9.0M.
- How many employees does Farmrail Inc. have?
- About 25, as reported on its PPP loan.
- When was Farmrail Inc. founded?
- Farmrail Inc. has been in business since 2002.