Rock Haulers, LLC
How we got $26.6M
Based on its 66 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 34% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ROCK HAULERS, LLC this business | $21.2M | — |
| Martin Marietta - Hugo Quarry Hugo | $4.9M | 10.5 mi |
| Martin Marietta - Sawyer Quarry Sawyer | $4.9M | 15.4 mi |
| Martin Marietta Aggregates Choctaw County | $6.1M | 15.4 mi |
| MCGEE CREEK ROCK AND STONE, INC. Lane · 3 employees | $1.0M | 34.0 mi |
| QUALITY ROCK, INC. Idabel · 21 employees | $19.5M | 36.5 mi |
| QUALITY SAND AND GRAVEL LLC Hendrix · 4 employees | $2.7M | 40.7 mi |
The full calculation
| Employees reported to the SBA | 66 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $30.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $11.5M |
| Estimate: the two combined (geometric mean) | $21.2M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.8M |
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 | $26.6M |
| Multiple for this size and industry | 5.5× |
| Value range | $14.0M – $36.3M |
| Revenue range | $14.0M – $24.2M |
| EBITDA range | $3.2M – $5.5M |
| Industry (NAICS) | Construction Sand and Gravel Mining (212321) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
History & advisors
Advisors
- BankingFirst United Bank and Trust CompanyPPP / 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 Roles are as stated there and may be out of date.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 United Bank and Trust Company PPP 2020 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $307K | 66 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rock Haulers, LLC
Rock Haulers, LLC is a construction sand and gravel mining company in Grant, Oklahoma, in business since 2012. It is owned by Carrol Covington (Partner). Its estimated annual revenue is about $21.2M, with roughly $4.8M of EBITDA. It has about 66 employees. Its estimated business value is $26.6M (likely range $14.0M–$36.3M).
Common questions
- Who owns Rock Haulers, LLC?
- Rock Haulers, LLC is owned by Carrol Covington (Partner), according to public sources such as the company's website or filings.
- How much revenue does Rock Haulers, LLC make?
- SeeBITDA estimates Rock Haulers, LLC's annual revenue at about $21.2M (likely between $14.0M and $24.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rock Haulers, LLC worth?
- About $26.6M, roughly 5.5× its estimated EBITDA of $4.8M, typical for a construction sand and gravel mining company its size. Likely range: $14.0M–$36.3M.
- How many employees does Rock Haulers, LLC have?
- About 66, as reported on its PPP loan.
- When was Rock Haulers, LLC founded?
- Rock Haulers, LLC has been in business since 2012.