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Most larger trucking companies sell to another carrier or a private equity fund. Profit sets the price, and buyers check the safety record, the fleet and your drivers first. Below, every size from $10,000,000 to $300,000,000 in sales gets its own section.
Figures: IRS tax year 2023Census 2022NYU Stern January 2026Market Pulse through Q2 2026Read November 12, 2026
The short answer: truck transportation S corporations kept 2.9%[1] of sales as business profit in tax year 2023, by our math on IRS figures for every size. Before interest, depreciation and amortization it was about 8.3%. Most of that gap is the trucks wearing out.
The first figure is the profit truck transportation S corporations put on their tax returns, as a share of what they took in, before the owners paid their own income tax. It counts all 199,157 returns together, losing carriers included.
The second figure adds interest, depreciation and amortization back, by our math. It sits close to EBITDA: yearly profit before interest, taxes, depreciation and amortization. That's the profit a larger buyer prices a carrier on.
Depreciation took 5.5% of receipts here, against 1.3% for all S corporations with $10,000,000 to $50,000,000 in sales. A buyer adds it back to price you, then asks what you spend on new trucks each year. Trucking companies also booked gains on selling old equipment of about 1.1% of receipts. We leave those out, as the size rows do.
Most of these returns are small carriers. They took in about $1,321,810 each, on average, by our math. A carrier with $10,000,000 in sales is far bigger than this row's average company.
| Industry or size | Business profit on tax returns | Before interest, depreciation and amortization |
|---|---|---|
| Truck transportation all sizes | 2.9% | 8.3% |
| $10,000,000 to $50,000,000 | 7.3% | 9.1% |
| $50,000,000 to $250,000,000 | 6.1% | 8.0% |
| $250,000,000 or more | 5.9% | 8.2% |
| All S corporations | 7.5% | 9.7% |
Sorted by business receipts, which this page calls sales. Before interest, depreciation and amortization = (business profit + interest + depreciation + amortization − net gains on selling equipment) ÷ total receipts, by our math on IRS figures.[1][3]
Source: IRS Statistics of Income, Tax Year 2023[1]; IRS Statistics of Income, Tax Year 2023, released September 2026[3]. The trucking row covers every size of company. Size rows are all industries.
The IRS sorts the size rows by business receipts, which this page calls sales. Its trucking row is truck transportation only. Freight brokers and warehouses file under other IRS rows, which this page doesn't print. Census counted 9,738[2] transportation and warehousing firms with $10,000,000 to $99,999,999 in sales in 2022.
A made-up carrier at the IRS trucking rate of 8.3% earns $830,000 a year on $10,000,000 of sales, and $24,900,000 on $300,000,000. Our calculator's sold-deal data ends with companies that sold for $50,000,000, so the two largest carriers get no figure of ours.
| Sales | IRS size row | EBITDA at 8.3% | Our sold-deal range |
|---|---|---|---|
| $10,000,000 | 9.1% | $830,000 | $2,570,475 to $4,241,283 |
| $20,000,000 | 9.1% | $1,660,000 | $6,158,559 to $8,862,403 |
| $30,000,000 | 9.1% | $2,490,000 | $9,960,000 to $14,442,000 |
| $50,000,000 | 8.0% | $4,150,000 | $16,600,000 to $24,070,000 |
| $100,000,000 | 8.0% | $8,300,000 | $33,200,000 to $48,140,000 |
| $200,000,000 | 8.0% | $16,600,000 | Past our data |
| $300,000,000 | 8.2% | $24,900,000 | Past our data |
Source: IRS Statistics of Income, Tax Year 2023[1]; IRS Statistics of Income, Tax Year 2023, released September 2026[3]; IBBA and M&A Source, Second quarter of 2026[4]. Made-up examples. The rate is truck transportation S corporations of every size. Ranges are the sold-deal data behind our calculator, all industries together, checked November 2, 2026.
The size row is every S corporation that size, before interest, depreciation and amortization. The trucking rate sits under it below $50,000,000 of sales and above it from there.
Usually to another carrier that runs your lanes, or to one buyer with a bank loan. The first thing a buyer asks is who runs dispatch after you leave. A made-up carrier at the IRS trucking rate of 8.3% earns about $830,000 a year. Our calculator puts that at $2,570,475 to $4,241,283, on owner's earnings.[1][4]
IRS size row: $10,000,000 to $50,000,000 in sales, 9.1% before interest, depreciation and amortization, all industries[3]. Trucking, all sizes: 8.3%. Our sold-deal data: reaches this example.
Our trucking calculator asks whether you do the service work yourself: yes, most jobs; sometimes; or no. In a carrier this size the owner often still runs dispatch and the biggest accounts. A buyer asks who does that the week after you leave.
At this size our calculator uses owner's earnings, called SDE: the profit plus the owner's own pay. The whole range fits inside one SBA 7(a) loan, a bank loan the U.S. Small Business Administration backs, which tops out at $5,000,000[5].
Your USDOT number, safety record and insurance history belong to the company. In a sale of its shares they go with it. In a sale of its assets the buyer may need its own. Ask your lawyer early which kind of sale keeps them.
Across every industry: what a company with $10,000,000 in sales is worth.
Often to a regional carrier, or to a private equity fund adding a carrier to one it owns. At this size the price is past what one SBA loan covers. A made-up carrier at the IRS trucking rate of 8.3% earns about $1,660,000 a year. Our calculator puts that at $6,158,559 to $8,862,403, on a blend of owner's earnings and EBITDA.[1][4]
IRS size row: $10,000,000 to $50,000,000 in sales, 9.1% before interest, depreciation and amortization, all industries[3]. Trucking, all sizes: 8.3%. Our sold-deal data: reaches this example.
Here our calculator blends owner's earnings and EBITDA. From $2,000,000 of owner's earnings it prices on EBITDA alone, the profit left after paying a manager to run the company.
A private equity fund buys with its investors' money, and most of its buys join a company it already owns. Those are add-ons. In the second quarter of 2026, PitchBook counted about three of every four U.S. buyouts as add-ons[6].
Even the low end of this range is past one SBA loan's cap, so a buyer here brings other money. Our view: buyers this size ask for driver turnover by month. Drivers who stay keep the trucks moving and the claims down.
Across every industry: what a company with $20,000,000 in sales is worth.
To bigger carriers and funds, who price a carrier on EBITDA from this size up. Part of the price may be paid later, tied to keeping your big shippers. A made-up carrier at the IRS trucking rate of 8.3% earns about $2,490,000 a year. Our calculator puts that at $9,960,000 to $14,442,000, priced on EBITDA.[1][4]
IRS size row: $10,000,000 to $50,000,000 in sales, 9.1% before interest, depreciation and amortization, all industries[3]. Trucking, all sizes: 8.3%. Our sold-deal data: reaches this example.
An earnout is part of the price paid later, if the business hits targets. In SRS Acquiom's deals closed through 2025, 35% of those paying $25,000,000 or less at closing had one[7]. This range is under that line. In its 2024 study, 65% of earnouts were measured on revenue[8]. For a carrier, that usually means keeping your big shippers.
The range also crosses $10,000,000[9] of company value, the size from which Lockton says reps and warranties insurance is often on offer. The policy pays the buyer if a promise in the contract turns out wrong, so less of your price has to be held back.
Our view: buyers count freight under contract above spot loads, which are booked one at a time at the day's rate. Have your revenue split both ways, by customer, before the first call.
Across every industry: what a company with $30,000,000 in sales is worth.
Through a sale run for several buyers at once, where the buyer's accountants test your profit before the final contract. What customers owe you on closing day, less the bills you owe, starts to move the price. A made-up carrier at the IRS trucking rate of 8.3% earns about $4,150,000 a year. Our calculator puts that at $16,600,000 to $24,070,000.[1][4]
IRS size row: $50,000,000 to $250,000,000 in sales, 8.0% before interest, depreciation and amortization, all industries[3]. Trucking, all sizes: 8.3%. Our sold-deal data: reaches this example.
At $50,000,000 a carrier moves into the IRS's next size band, $50,000,000 to $250,000,000. That band ran 8.0% before interest, depreciation and amortization, a little under trucking's 8.3%.
Expect the buyer to order a quality of earnings report: an outside accountant's test of whether your profit holds up. PKF O'Connor Davies says these reports have been part of deals of $10,000,000 to $1,000,000,000[10] in company value for decades.
Working capital carries real money at this size. In a carrier it's mostly the freight bills customers owe you. Against them sit fuel cards, repair bills and what you owe owner-operators. There's little inventory beyond parts, tires and fuel.
Lincoln International says the target is usually set from your average over the last 3 to 12 months[11]. Freight is seasonal, so ask which months the average covers. The working capital peg, step by step.
Across every industry: what a company with $50,000,000 in sales is worth.
To a fund buying its first carrier, or to a large carrier. Expect to be asked to keep part of the price as shares in the new company. A made-up carrier at the IRS trucking rate of 8.3% earns about $8,300,000 a year. That's near the top of the sold-deal data behind our calculator, which puts it at $33,200,000 to $48,140,000.[1][4]
IRS size row: $50,000,000 to $250,000,000 in sales, 8.0% before interest, depreciation and amortization, all industries[3]. Trucking, all sizes: 8.3%. Our sold-deal data: reaches this example.
Our data reaches $8,620,690 of EBITDA. On $100,000,000 of sales that's a margin of about 8.6%, just above the IRS trucking rate. A carrier a point above that rate would be past our data.
A platform is a fund's first company in a field; add-ons join it later. A fund that buys a carrier as its platform often asks the owner to keep a stake. That's rollover equity: part of the price kept as shares. GF Data counted it in 63.6%[12] of 2024 private equity deals of $10,000,000 to $500,000,000. How rollover equity works.
Our view: some buyers this size run logistics without owning many trucks. They may price your brokerage desk and your dedicated fleet apart. A dedicated fleet runs for one shipper under a contract.
Across every industry: what a company with $100,000,000 in sales is worth.
Through a sale run in rounds, where large carriers and logistics groups bid and your lessors and big shippers may need to consent. A made-up carrier at the IRS trucking rate of 8.3% earns about $16,600,000 a year. That's past the sold-deal data behind our calculator, so we don't put a figure on it. The place to start is a call with a dedicated advisor.[1]
IRS size row: $50,000,000 to $250,000,000 in sales, 8.0% before interest, depreciation and amortization, all industries[3]. Trucking, all sizes: 8.3%. Our sold-deal data: stops short of it.
Past our sold-deal data. The group behind our calculator stops at companies that sold for $50,000,000, so we don't put a figure on this one. Other publishers' figures are beside it.
Other publishers' figures, not ours
| Company value | Multiple of EBITDA | Statistic | Buyers | Period | Publisher |
|---|---|---|---|---|---|
| $50,000,000 to $100,000,000 | 8.7x | Average | Private equity, platform buyouts | Through the third quarter of 2025 | GF Data[13] |
| $100,000,000 to $250,000,000Near yours | 10.0x | Average | Private equity, platform buyouts | Through the third quarter of 2025 | GF Data[13] |
| $100,000,000 to $500,000,000 | 9.8x against 7.0x under $100,000,000 | Average | Private equity, platform buyouts | Through the third quarter of 2025 | GF Data[13] |
| $50,000,000 to $200,000,000Near yours | 9.0x | Median | All buyers | Twelve months to March 31, 2026 | TagniFi[14] |
| $200,000,000 to $500,000,000 | 11.4x | Median | All buyers | Twelve months to March 31, 2026 | TagniFi[14] |
These figures come from outside reports, not from BridgeBook's own data: each one counts different deals in its own way, so read them as a guide to the market, not as a price for your company.
Source: GF Data, Through the third quarter of 2025[13]; TagniFi, Twelve months to March 31, 2026[14].
The marked rows are the bands nearest $16,600,000 of EBITDA, this carrier's made-up profit. They're the publishers' figures, not a price for your company.
Leases on tractors, trailers and terminals can need the other side's consent to a new owner. So can some shipper contracts. Have your lawyer list every one before you sign a letter of intent, the buyer's written offer that comes before its full checks.
After closing, part of the price usually sits in escrow, held to pay any claims under the contract. SRS Acquiom's 2024 median was 10.0%[8] of deal value without reps and warranties insurance, and 0.35% with it. Talk it through with a dedicated advisor.
Across every industry: what a company with $200,000,000 in sales is worth.
To a short list of large carriers, logistics groups and big funds. They often want your managers to stay and part of the price kept as shares. A made-up carrier at the IRS trucking rate of 8.3% earns about $24,900,000 a year. That's in the IRS top size band and past our data. The next step is a call with a dedicated advisor.[1]
IRS size row: $250,000,000 or more in sales, 8.2% before interest, depreciation and amortization, all industries[3]. Trucking, all sizes: 8.3%. Our sold-deal data: stops short of it.
This is the IRS's top band, $250,000,000 or more, and a carrier at exactly $250,000,000 falls in it too. Those S corporations ran 8.2% before interest, depreciation and amortization. The average one took in $715,078,611, so a $300,000,000 carrier sits near the band's small end.
Exhibit 4 keeps only the publishers' rows nearest this carrier's $24,900,000 of EBITDA. None of them is a price for yours.
Other publishers' figures, not ours
| Company value | Multiple of EBITDA | Statistic | Buyers | Period | Publisher |
|---|---|---|---|---|---|
| $100,000,000 to $250,000,000Near yours | 10.0x | Average | Private equity, platform buyouts | Through the third quarter of 2025 | GF Data[13] |
| $200,000,000 to $500,000,000Near yours | 11.4x | Median | All buyers | Twelve months to March 31, 2026 | TagniFi[14] |
These figures come from outside reports, not from BridgeBook's own data: each one counts different deals in its own way, so read them as a guide to the market, not as a price for your company.
Source: GF Data, Through the third quarter of 2025[13]; TagniFi, Twelve months to March 31, 2026[14].
For scale, NYU Stern puts public trucking companies at 15.6%[15] of sales as EBITDA, in data as of January 2026. They're much bigger companies, and the IRS trucking rate sits well under them.
A fund that buys your carrier will sell it again one day. PitchBook put the median hold before that sale at 6.4 years[6] in 2025. If you keep shares, that later sale is usually when they're paid out. More on who buys a company your size, or book a call with a dedicated advisor.
Across every industry: what a company with $300,000,000 in sales is worth.
The safety record, the insurance and the fleet. This is what buyers ask for, in the order they usually ask.
Fuel comes up too. A buyer reads your contracts for a fuel surcharge, the extra a shipper pays when diesel rises.
Profit first, then what the fleet will cost to keep. Our trucking calculator asks two questions after your sales and profit: how much revenue comes from your biggest customer, and whether you do the service work yourself.
The biggest-customer question has three answers: less than 15%, 15% to 30%, or more than 30%. A carrier that hauls mostly for one shipper carries that risk into the price.
Then the freight and the trucks. Our calculator's notes for trucking say the top of its range needs contracted freight, drivers in place and a newer fleet. Most offers at this size assume the company comes without debt. So the loans on your trucks are paid from the price at closing.
Type in your own sales and margin. The tool opens at the trucking rate and tells you if your carrier is past our sold-deal data.
Industry: Trucking
IRS, trucking S corporations of every size, tax year 2023, our math. Change it to yours.
A made-up example at the IRS rate
A made-up example: 8.3% of $30,000,000 in yearly sales. EBITDA is yearly profit before interest, taxes, depreciation and amortization.
Our sold-deal data puts that EBITDA at
$9,960,000 to $14,442,000
Typical $12,201,000, priced on EBITDA.
IBBA and M&A Source Market Pulse, closed deals of $5,000,000 to $50,000,000. Typical is the middle of its recent readings. Our figures checked November 2, 2026.
Other publishers' figures, not ours
| Company value | Multiple of EBITDA | Publisher |
|---|---|---|
| $10,000,000 to $25,000,000Near yours | 5.9x | GF Data, average, through the third quarter of 2025 |
| $25,000,000 to $50,000,000 | 6.6x | GF Data, average, through the third quarter of 2025 |
| $50,000,000 to $100,000,000 | 8.7x | GF Data, average, through the third quarter of 2025 |
| $100,000,000 to $250,000,000 | 10.0x | GF Data, average, through the third quarter of 2025 |
| $1,000,000 to $10,000,000 | 5.5x | TagniFi, median, twelve months to March 31, 2026 |
| $10,000,000 to $50,000,000Near yours | 7.3x | TagniFi, median, twelve months to March 31, 2026 |
| $50,000,000 to $200,000,000 | 9.0x | TagniFi, median, twelve months to March 31, 2026 |
| $200,000,000 to $500,000,000 | 11.4x | TagniFi, median, twelve months to March 31, 2026 |
These figures come from outside reports, not from BridgeBook's own data: each one counts different deals in its own way, so read them as a guide to the market, not as a price for your company.
At this profit you can book a call with a dedicated advisor.
The valuation asks your sales and profit again, then your name, email and cell phone, and shows a range.
A first call with a dedicated advisor starts with your numbers. For a carrier, we'd ask for four things first.
After that your advisor shows you what the sold-deal data says about a carrier with your profit, and where a buyer will likely push back. Expect a figure lower than you hoped. It's the one the buyer's accountants will test.
Usually to another carrier that runs your lanes, or to one buyer with a bank loan. The first thing a buyer asks is who runs dispatch after you leave. A made-up carrier at the IRS trucking rate of 8.3% earns about $830,000 a year. Our calculator puts that at $2,570,475 to $4,241,283, on owner's earnings.
Often to a regional carrier, or to a private equity fund adding a carrier to one it owns. At this size the price is past what one SBA loan covers. A made-up carrier at the IRS trucking rate of 8.3% earns about $1,660,000 a year. Our calculator puts that at $6,158,559 to $8,862,403, on a blend of owner's earnings and EBITDA.
To bigger carriers and funds, who price a carrier on EBITDA from this size up. Part of the price may be paid later, tied to keeping your big shippers. A made-up carrier at the IRS trucking rate of 8.3% earns about $2,490,000 a year. Our calculator puts that at $9,960,000 to $14,442,000, priced on EBITDA.
Through a sale run for several buyers at once, where the buyer's accountants test your profit before the final contract. What customers owe you on closing day, less the bills you owe, starts to move the price. A made-up carrier at the IRS trucking rate of 8.3% earns about $4,150,000 a year. Our calculator puts that at $16,600,000 to $24,070,000.
To a fund buying its first carrier, or to a large carrier. Expect to be asked to keep part of the price as shares in the new company. A made-up carrier at the IRS trucking rate of 8.3% earns about $8,300,000 a year. That's near the top of the sold-deal data behind our calculator, which puts it at $33,200,000 to $48,140,000.
Through a sale run in rounds, where large carriers and logistics groups bid and your lessors and big shippers may need to consent. A made-up carrier at the IRS trucking rate of 8.3% earns about $16,600,000 a year. That's past the sold-deal data behind our calculator, so we don't put a figure on it. The place to start is a call with a dedicated advisor.
To a short list of large carriers, logistics groups and big funds. They often want your managers to stay and part of the price kept as shares. A made-up carrier at the IRS trucking rate of 8.3% earns about $24,900,000 a year. That's in the IRS top size band and past our data. The next step is a call with a dedicated advisor.
Truck transportation S corporations reported 2.9% as business profit in tax year 2023, and about 8.3% before interest, depreciation and amortization, by our math on IRS figures for every size. Most of the gap is depreciation on the trucks.
It makes next year's revenue easier to count on, which is what buyers pay for. Our calculator's notes for trucking say the top of its range needs contracted freight, drivers in place and a newer fleet.
For larger carriers and owners: what a company sells for, by revenue, average profit margin by company size and from sale price to cash at closing.
The sold-deal data behind our calculator: IBBA and M&A Source Market Pulse, closed deals. Our figures checked November 2, 2026.
Percentages are BridgeBook's arithmetic on the IRS dollar figures.
Outside figures are other publishers', named and dated, and they don't feed our calculator. How we use outside figures
The valuation starts with trucking picked. It asks a few short questions, your sales, profit and biggest customer among them, then your name, email and cell phone, and shows a range, not one number.
Your exit credit comes off our success fee at closing and grows with your yearly sales: $5,000 under $5,000,000 in sales ($2,500 for your valuation report, plus $2,500 for your advisor call or for starting your listing), up to $50,000 at $100,000,000 or more.
Get an initial range and a clearer starting point for your plans.
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