Hot Oil Units, Inc
How we got $10.4M
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 36 years (since 1990)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 5% 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 |
|---|---|---|
| HOT OIL UNITS, INC this business | $9.7M | — |
| UNITED SERVICES LIMITED PARTNERSHIP Woodward · 5 employees | $1.7M | 0.1 mi |
| WOODWARD WIRE ROPE & SLINGLINE Woodward · 5 employees | $1.6M | 0.1 mi |
| SANGUINE FOUR, INC. Woodward · 19 employees | $8.0M | 0.1 mi |
| WILDCAT DRILLING SERVICES INC. Woodward · 12 employees | $6.6M | 0.1 mi |
| WILDCAT DRILLING SERVISES INC Woodward · 12 employees | $6.6M | 0.1 mi |
| R&R WELL SERVICE, INC Woodward · 1 employees | $668K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $11.4M |
| Estimate: the two combined (geometric mean) | $9.7M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.4M |
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 | $10.4M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.5M – $14.2M |
| Revenue range | $6.4M – $11.0M |
| EBITDA range | $1.6M – $2.7M |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
- BankingThe Stock Exchange 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
| The Stock Exchange Bank PPP 2020, PPP 2021 | All 200 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 | $341K | 15 |
| 2/8/2021 | second | $341K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hot Oil Units, Inc
Hot Oil Units, Inc is an oil & gas company in Woodward, Oklahoma, in business since 1990. It is owned by DAVID CHRISTIAN (Company Officer). Its estimated annual revenue is about $9.7M, with roughly $2.4M of EBITDA. It has about 15 employees. Its estimated business value is $10.4M (likely range $5.5M–$14.2M).
Common questions
- Who owns Hot Oil Units, Inc?
- Hot Oil Units, Inc is owned by DAVID CHRISTIAN (Company Officer), according to public sources such as the company's website or filings.
- How much revenue does Hot Oil Units, Inc make?
- SeeBITDA estimates Hot Oil Units, Inc's annual revenue at about $9.7M (likely between $6.4M and $11.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hot Oil Units, Inc worth?
- About $10.4M, roughly 4.4× its estimated EBITDA of $2.4M, typical for a oil & gas company its size. Likely range: $5.5M–$14.2M.
- How many employees does Hot Oil Units, Inc have?
- About 15, as reported on its PPP loan.
- When was Hot Oil Units, Inc founded?
- Hot Oil Units, Inc has been in business since 1990.