Magnet Trucking LLC
How we got $4.7M
Based on its 31 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 17% 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 |
|---|---|---|
| MAGNET TRUCKING LLC this business | $10.7M | — |
| PIERCE BROTHERS TRUCKING COMPANY, INC Woodward · 2 employees | $1.0M | 1.3 mi |
| SPARTAN SERVICES LLC Woodward · 1 employees | $514K | 2.2 mi |
| TIMOTHY FERBRACHE Woodward · 2 employees | $838K | 2.2 mi |
| POTTS TRANSPORT LLC Woodward · 1 employees | $1.2M | 3.4 mi |
| COOP'S TRUCKING INC. Woodward · 7 employees | $6.8M | 4.1 mi |
| 3 M&G TRUCKING LLC Woodward · 1 employees | $334K | 4.3 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.8M |
| Estimate: the two combined (geometric mean) | $10.7M |
| EBITDA margin (industry, adjusted for size) | 12% |
| 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 | $4.7M |
| Multiple for this size and industry | 3.8× |
| Value range | $2.5M – $6.5M |
| Revenue range | $7.0M – $12.2M |
| EBITDA range | $817K – $1.4M |
| Industry (NAICS) | Specialized Freight (except Used Goods) Trucking, Local (484220) |
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
- BankingMidFirst 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 Roles are as stated there and may be out of date.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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $394K | 31 |
| 1/22/2021 | second | $391K | 28 |
About Magnet Trucking LLC
Magnet Trucking LLC is a specialized freight (except used goods) trucking, local company in Woodward, Oklahoma. Its estimated annual revenue is about $10.7M, with roughly $1.2M of EBITDA. It has about 31 employees. Its estimated business value is $4.7M (likely range $2.5M–$6.5M).
Common questions
- Who owns Magnet Trucking LLC?
- The owner of Magnet Trucking LLC 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 Magnet Trucking LLC make?
- SeeBITDA estimates Magnet Trucking LLC's annual revenue at about $10.7M (likely between $7.0M and $12.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Magnet Trucking LLC worth?
- About $4.7M, roughly 3.8× its estimated EBITDA of $1.2M, typical for a specialized freight (except used goods) trucking, local company its size. Likely range: $2.5M–$6.5M.
- How many employees does Magnet Trucking LLC have?
- About 31, as reported on its PPP loan.