Hodges Transportation Inc
How we got $5.4M
Based on its 46 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 55% since 2021 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 26% 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
▼ 46% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 46 | $4.8M |
| 2021 | Form 5500 | 55 | $5.7M |
| 2022 | Form 5500 | 47 | $4.9M |
| 2023 | Form 5500 | 24 | $2.5M |
| 2024 | Form 5500 | 27 | $2.8M |
| 2025 | Form 5500 | 25 | $2.6M |
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 |
|---|---|---|
| HODGES TRANSPORTATION INC this business | $11.4M | — |
| TRIPLETT ENTERPRISES INC Tulsa · 5 employees | $434K | 2.3 mi |
| FIVE R INC Tulsa · 7 employees | $897K | 6.2 mi |
| ARLAN RECEIVING DELIVERY AND STORAGE, INC. Tulsa · 8 employees | $2.0M | 6.4 mi |
| SARTIN BOAT AND RV STORAGE, LLC Tulsa · 2 employees | $603K | 6.7 mi |
| TROJAN SELF STORAGE LLC Tulsa · 2 employees | $145K | 6.7 mi |
| BGSI II LLC Tulsa · 1 employees | $198K | 6.7 mi |
The full calculation
| Employees reported to the SBA | 46 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.6M |
| Estimate: the two combined (geometric mean) | $11.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.2M |
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 | $5.4M |
| Multiple for this size and industry | 4.5× |
| Value range | $2.8M – $7.4M |
| Revenue range | $7.5M – $12.9M |
| EBITDA range | $786K – $1.4M |
| Industry (NAICS) | Other Warehousing and Storage (493190) |
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
- BankingSecurity 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
| Security Bank PPP 2020 | All 617 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $322K | 46 |
About Hodges Transportation Inc
Hodges Transportation Inc is an other warehousing and storage company in Tulsa, Oklahoma. Its estimated annual revenue is about $11.4M, with roughly $1.2M of EBITDA. It has about 25 employees. Its estimated business value is $5.4M (likely range $2.8M–$7.4M).
Common questions
- Who owns Hodges Transportation Inc?
- The owner of Hodges Transportation 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 Hodges Transportation Inc make?
- SeeBITDA estimates Hodges Transportation Inc's annual revenue at about $11.4M (likely between $7.5M and $12.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hodges Transportation Inc worth?
- About $5.4M, roughly 4.5× its estimated EBITDA of $1.2M, typical for a other warehousing and storage company its size. Likely range: $2.8M–$7.4M.
- How many employees does Hodges Transportation Inc have?
- About 25, from its 2025 retirement-plan filing.