Waldrop Construction Inc.
How we got $5.1M
Based on its 26 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
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
What they do
Waldrop Construction Inc. is a construction company that says it builds buildings with a focus on healthcare and federal work, with a stated emphasis on communication, safety and long-term client relationships.
From the company's website. Industry: Commercial construction.
Customers & suppliers
Customers
- Department of the Air Force · federal contracts $33.6M
- Department of the Army · federal contracts $9.5M
- Department of the Navy · federal contracts $353K
- Agricultural Research Service · federal contracts $8K
Estimated value over time
▲ 28% 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
▲ 12% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 26 | $18.6M |
| 2021 | Form 5500 | 27 | $19.4M |
| 2022 | Form 5500 | 27 | $19.4M |
| 2023 | Form 5500 | 27 | $19.4M |
| 2024 | Form 5500 | 31 | $22.2M |
| 2025 | Form 5500 | 29 | $20.8M |
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 |
|---|---|---|
| WALDROP CONSTRUCTION INC. this business | $29.8M | — |
| ANDERSON AND HOUSE INC Oklahoma City · 13 employees | $14.6M | 0.5 mi |
| R & E SMITH LLC Oklahoma City · 5 employees | $3.5M | 0.7 mi |
| ALAMO CONSTRUCTION COMPANY Oklahoma City · 5 employees | $3.9M | 1.0 mi |
| SMALL PROJECTS LLC Oklahoma City · 6 employees | $4.2M | 1.1 mi |
| LINGO CONSTRUCTIN SERVICES, INC. Oklahoma City · 96 employees | $125.5M | 1.2 mi |
| LINGO CONSTRUCTION SERVICES INC Oklahoma City · 96 employees | $131.2M | 1.2 mi |
The full calculation
| Employees reported to the SBA | 26 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $25.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $26.7M |
| Estimate: the two combined (geometric mean) | $29.8M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $1.5M |
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 | $5.1M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.7M – $7.0M |
| Revenue range | $19.6M – $34.0M |
| EBITDA range | $991K – $1.7M |
| Industry (NAICS) | Commercial and Institutional Building Construction (236220) |
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
- BankingFirst-Citizens Bank & 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-Citizens Bank & Trust Company PPP 2020 | All 78 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 | $320K | 26 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Waldrop Construction Inc.
Waldrop Construction Inc. is a commercial construction company in Oklahoma City, Oklahoma, in business since 2010. Its estimated annual revenue is about $29.8M, with roughly $1.5M of EBITDA. It has about 29 employees. Its estimated business value is $5.1M (likely range $2.7M–$7.0M).
Common questions
- Who owns Waldrop Construction Inc.?
- The owner of Waldrop Construction 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 Waldrop Construction Inc. make?
- SeeBITDA estimates Waldrop Construction Inc.'s annual revenue at about $29.8M (likely between $19.6M and $34.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Waldrop Construction Inc. worth?
- About $5.1M, roughly 3.4× its estimated EBITDA of $1.5M, typical for a commercial construction company its size. Likely range: $2.7M–$7.0M.
- How many employees does Waldrop Construction Inc. have?
- About 29, from its 2025 retirement-plan filing.
- When was Waldrop Construction Inc. founded?
- Waldrop Construction Inc. has been in business since 2010.