Iris Hills Enterprises, Inc.
How we got $21.4M
Based on its 26 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 23% 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
▼ 42% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 26 | $29.9M |
| 2020 | Form 5500 | 13 | $14.9M |
| 2021 | Form 5500 | 15 | $17.2M |
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 |
|---|---|---|
| IRIS HILLS ENTERPRISES, INC. this business | $37.3M | — |
| INDUSTRIAL RUBBER, INC. Oklahoma City · 31 employees | $68.8M | 1.5 mi |
| TK7 PRODUCTS LLC Oklahoma City · 2 employees | $3.6M | 2.1 mi |
| STEPHENSON LAND SERVICES LLC Oklahoma City · 1 employees | $2.8M | 4.5 mi |
| THE TURBULATOR CO., LLC Oklahoma City · 8 employees | $25.5M | 6.6 mi |
| ATLAS ASPHALT PRODUCTS, INC. Oklahoma City · 12 employees | $20.5M | 9.9 mi |
| SCHWARZ ASPHALT, L.L.C. Oklahoma City · 13 employees | $20.5M | 10.0 mi |
The full calculation
| Employees reported to the SBA | 26 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $41.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $25.8M |
| Estimate: the two combined (geometric mean) | $37.3M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $3.9M |
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 | $21.4M |
| Multiple for this size and industry | 5.5× |
| Value range | $11.2M – $29.2M |
| Revenue range | $24.6M – $42.6M |
| EBITDA range | $2.6M – $4.4M |
| Industry (NAICS) | Asphalt Paving Mixture and Block Manufacturing (324121) |
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. 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
- BankingFirst Fidelity 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
| First Fidelity Bank PPP 2020 | All 940 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $267K | 26 |
About Iris Hills Enterprises, Inc.
Iris Hills Enterprises, Inc. is an asphalt paving mixture and block manufacturing company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $37.3M, with roughly $3.9M of EBITDA. It has about 15 employees. Its estimated business value is $21.4M (likely range $11.2M–$29.2M).
Common questions
- Who owns Iris Hills Enterprises, Inc.?
- The owner of Iris Hills Enterprises, 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 Iris Hills Enterprises, Inc. make?
- SeeBITDA estimates Iris Hills Enterprises, Inc.'s annual revenue at about $37.3M (likely between $24.6M and $42.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Iris Hills Enterprises, Inc. worth?
- About $21.4M, roughly 5.5× its estimated EBITDA of $3.9M, typical for a asphalt paving mixture and block manufacturing company its size. Likely range: $11.2M–$29.2M.
- How many employees does Iris Hills Enterprises, Inc. have?
- About 15, from its 2021 retirement-plan filing.