Hardberger & Smylie, Inc
How we got $11.8M
Based on its 22 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 33 years (since 1993)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 9% 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 |
|---|---|---|
| HARDBERGER & SMYLIE, INC this business | $11.0M | — |
| KERRY'S PUMPING, INC. Beaver · 1 employees | $556K | 0.1 mi |
| H.D.C. AG, L.L.C. Beaver · 21 employees | $10.6M | 0.4 mi |
| RIGGS ROUSTABOUT & HOT SHOT SERVICE INC Beaver · 4 employees | $1.7M | 0.4 mi |
| PHIL-MAR, INC. Beaver · 17 employees | $7.9M | 0.5 mi |
| FITTS ENTERPRISES, LLC Beaver · 1 employees | $619K | 0.6 mi |
| CLEAR LAKE OIL LLC Beaver · 1 employees | $711K | 0.6 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.5M |
| Estimate: the two combined (geometric mean) | $11.0M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.7M |
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 | $11.8M |
| Multiple for this size and industry | 4.4× |
| Value range | $6.2M – $16.2M |
| Revenue range | $7.2M – $12.6M |
| EBITDA range | $1.8M – $3.1M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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 National Bank and Trust Company of Weatherford d/b/a First Bank Texas, The First Security 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 National Bank and Trust Company of Weatherford d/b/a First Bank Texas PPP 2020 | All 28 borrowers → |
| First Security Bank 7(a) 2021, 7(a) 2025 | All 10 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $270K | 22 |
Public records
| Nov 2024 | 7(a) | $500K |
| Sep 2021 | 7(a) | $1.0M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hardberger & Smylie, Inc
Hardberger & Smylie, Inc is an oil & gas company in Beaver, Oklahoma, in business since 1993. Its estimated annual revenue is about $11.0M, with roughly $2.7M of EBITDA. It has about 22 employees. Its estimated business value is $11.8M (likely range $6.2M–$16.2M).
Common questions
- Who owns Hardberger & Smylie, Inc?
- The owner of Hardberger & Smylie, 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 Hardberger & Smylie, Inc make?
- SeeBITDA estimates Hardberger & Smylie, Inc's annual revenue at about $11.0M (likely between $7.2M and $12.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hardberger & Smylie, Inc worth?
- About $11.8M, roughly 4.4× its estimated EBITDA of $2.7M, typical for a oil & gas company its size. Likely range: $6.2M–$16.2M.
- How many employees does Hardberger & Smylie, Inc have?
- About 22, as reported on its PPP loan.
- When was Hardberger & Smylie, Inc founded?
- Hardberger & Smylie, Inc has been in business since 1993.