Gorman Construction Company
How we got $3.5M
Based on its 25 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 28% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GORMAN CONSTRUCTION COMPANY this business | $20.2M | — |
| MCANAW CONSTRUCTION CO. Bartlesville · 6 employees | $5.5M | 0.1 mi |
| GREATER FIRST BAPTIST CHURCH Bartlesville · 4 employees | $3.1M | 1.0 mi |
| KCD ENTERPRISES, INC. Bartlesville · 24 employees | $21.9M | 1.8 mi |
| WOOD WATERING SERVICE, LLC Bartlesville · 2 employees | $2.4M | 4.4 mi |
| BOB CHANEY STEEL CONSTRUCTION LLC Dewey · 4 employees | $2.7M | 7.0 mi |
| E E BROWN CONCRETE CONSTRUCTION INC Ochelata · 3 employees | $1.9M | 10.4 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $24.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.7M |
| Estimate: the two combined (geometric mean) | $20.2M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $1.0M |
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 | $3.5M |
| Multiple for this size and industry | 3.4× |
| Value range | $1.8M – $4.7M |
| Revenue range | $13.3M – $23.0M |
| EBITDA range | $670K – $1.2M |
| Industry (NAICS) | Commercial and Institutional Building Construction (236220) |
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
Advisors
- BankingArvest 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 Roles are as stated there and may be out of date.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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 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 | $152K | 25 |
| 3/31/2021 | second | $107K | 17 |
About Gorman Construction Company
Gorman Construction Company is a commercial construction company in Bartlesville, Oklahoma. Its estimated annual revenue is about $20.2M, with roughly $1.0M of EBITDA. It has about 25 employees. Its estimated business value is $3.5M (likely range $1.8M–$4.7M).
Common questions
- Who owns Gorman Construction Company?
- The owner of Gorman Construction Company 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 Gorman Construction Company make?
- SeeBITDA estimates Gorman Construction Company's annual revenue at about $20.2M (likely between $13.3M and $23.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Gorman Construction Company worth?
- About $3.5M, roughly 3.4× its estimated EBITDA of $1.0M, typical for a commercial construction company its size. Likely range: $1.8M–$4.7M.
- How many employees does Gorman Construction Company have?
- About 25, as reported on its PPP loan.