Workhorse Industries LLC
How we got $992K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 19% 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
▲ 40% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 5 | $2.0M |
| 2024 | Form 5500 | 7 | $2.8M |
| 2025 | Form 5500 | 7 | $2.8M |
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 |
|---|---|---|
| WORKHORSE INDUSTRIES LLC this business | $2.5M | — |
| WILSPEC TECHNOLOGIES INC Oklahoma City · 23 employees | $13.1M | 17.7 mi |
| ADROIT SURGICAL Oklahoma City · 4 employees | $3.1M | 21.2 mi |
| TALLGRASS OPEN MRI LLC Oklahoma City · 4 employees | $3.5M | 21.8 mi |
| EDWARDS ENVIRONMENTAL CORPORATION Oklahoma City · 2 employees | $1.3M | 25.7 mi |
| JAGUAR METER SERVICE INC. Oklahoma City · 3 employees | $1.6M | 26.9 mi |
| ALL AMERICAN EARMOLD LABORATORIES, INC. Edmond · 7 employees | $4.9M | 27.4 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.4M |
| Estimate: the two combined (geometric mean) | $2.5M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $310K |
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 | $992K |
| Multiple for this size and industry | 3.2× |
| Value range | $522K – $1.4M |
| Revenue range | $1.6M – $2.8M |
| EBITDA range | $204K – $353K |
| Industry (NAICS) | Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513) |
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
- BankingBank 7, Great Plains National 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
| Bank 7 PPP 2020, PPP 2021 | All 400 borrowers → |
| Great Plains National Bank 7(a) 2024 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $62K | 5 |
| 1/26/2021 | second | $62K | 4 |
Public records
| Apr 2024 | 7(a) | $1.0M |
| Mar 2024 | 7(a) | $403K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Workhorse Industries LLC
Workhorse Industries LLC is an instruments and related products manufacturing for measuring, displaying, and controlling industrial process variables company in El Reno, Oklahoma. Its estimated annual revenue is about $2.5M, with roughly $310K of EBITDA. It has about 7 employees. Its estimated business value is $992K (likely range $522K–$1.4M).
Common questions
- Who owns Workhorse Industries LLC?
- The owner of Workhorse Industries 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 Workhorse Industries LLC make?
- SeeBITDA estimates Workhorse Industries LLC's annual revenue at about $2.5M (likely between $1.6M and $2.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Workhorse Industries LLC worth?
- About $992K, roughly 3.2× its estimated EBITDA of $310K, typical for a instruments and related products manufacturing for measuring, displaying, and controlling industrial process variables company its size. Likely range: $522K–$1.4M.
- How many employees does Workhorse Industries LLC have?
- About 7, from its 2025 retirement-plan filing.