Suncrete (RMIX)
Market Price (7/10/2026): $19.77 | Market Cap: $1.4 BilSector: Materials | Industry: Construction Materials
Suncrete (RMIX)
Market Price (7/10/2026): $19.77Market Cap: $1.4 BilSector: MaterialsIndustry: Construction Materials
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Sustainable Resource Management, Sustainable & Green Buildings, and Circular Economy & Recycling. Themes include Green Building Materials, Show more. |
| Megatrend and thematic driversMegatrends include Sustainable Resource Management, Sustainable & Green Buildings, and Circular Economy & Recycling. Themes include Green Building Materials, Show more. |
Qualitative Assessment
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Suncrete (RMIX) stock has gained about 80% since it went public on 4/9/2026 because of the following key factors:
1. Successful Business Combination and Capital Infusion: Suncrete’s public listing on April 9, 2026, resulted from a successful business combination with Haymaker Acquisition Corp. 4, which provided approximately $226 million in gross proceeds, including an upsized $167.1 million Private Investment in Public Equity (PIPE) financing. This significant capital raise positioned the company to aggressively pursue its growth and acquisition strategy.
2. Rapid and Strategic Acquisition-Led Expansion: Since its IPO, Suncrete has quickly executed its growth strategy by completing multiple acquisitions that expanded its geographic footprint and operational scale. Key acquisitions include Hope Concrete, LLC in April 2026, which added 10 ready-mix plants and 88 mixer trucks, extending operations into North Texas and Southern Louisiana. The company also completed the acquisition of Nelson Bros. Ready Mix, LLC in Texas in May 2026, and an Arkansas acquisition in June 2026. These strategic moves into the high-growth Sunbelt region are core to its mission as a ready-mix concrete logistics and distribution platform.
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Suncrete (RMIX) stock has gained about 80% since it went public on 4/9/2026 because of the following key factors:
1. Successful Business Combination and Capital Infusion: Suncrete’s public listing on April 9, 2026, resulted from a successful business combination with Haymaker Acquisition Corp. 4, which provided approximately $226 million in gross proceeds, including an upsized $167.1 million Private Investment in Public Equity (PIPE) financing. This significant capital raise positioned the company to aggressively pursue its growth and acquisition strategy.
2. Rapid and Strategic Acquisition-Led Expansion: Since its IPO, Suncrete has quickly executed its growth strategy by completing multiple acquisitions that expanded its geographic footprint and operational scale. Key acquisitions include Hope Concrete, LLC in April 2026, which added 10 ready-mix plants and 88 mixer trucks, extending operations into North Texas and Southern Louisiana. The company also completed the acquisition of Nelson Bros. Ready Mix, LLC in Texas in May 2026, and an Arkansas acquisition in June 2026. These strategic moves into the high-growth Sunbelt region are core to its mission as a ready-mix concrete logistics and distribution platform.
3. Robust Revenue Growth and Optimistic Fiscal 2026 Outlook: Despite reporting a net loss of $1.7 million for fiscal Q1 2026 (ended March 31, 2026), Suncrete announced substantial year-over-year revenue growth of 64%, reaching $61.8 million. The company further fueled investor confidence by issuing a strong fiscal 2026 outlook, projecting revenue between $420 million and $480 million and Adjusted EBITDA between $68 million and $93 million, reflecting expectations for continued organic growth and contributions from recent acquisitions.
4. Favorable Analyst Sentiment and Price Targets: Wall Street analysts initiated coverage with a consensus "Buy" or "Strong Buy" rating for RMIX shortly after its IPO. The average 12-month price targets ranged from $21.75 to $22.00, with a high forecast of $26.00, implying significant upside from its IPO price of $10.91 on April 8, 2026. These positive endorsements highlighted the company's strategic positioning and growth potential, contributing to increased investor interest and stock appreciation.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
3/31/2026 to 7/9/2026| Return | Correlation | |
|---|---|---|
| RMIX | ||
| Market (SPY) | 15.6% | 21.9% |
| Sector (XLB) | 0.6% | 19.0% |
Fundamental Drivers
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Market Drivers
12/31/2025 to 7/9/2026| Return | Correlation | |
|---|---|---|
| RMIX | ||
| Market (SPY) | 10.5% | 21.9% |
| Sector (XLB) | 11.3% | 19.0% |
Fundamental Drivers
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Market Drivers
6/30/2025 to 7/9/2026| Return | Correlation | |
|---|---|---|
| RMIX | ||
| Market (SPY) | 22.7% | 21.9% |
| Sector (XLB) | 16.1% | 19.0% |
Fundamental Drivers
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Market Drivers
6/30/2023 to 7/9/2026| Return | Correlation | |
|---|---|---|
| RMIX | ||
| Market (SPY) | 75.6% | 21.9% |
| Sector (XLB) | 28.0% | 19.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RMIX Return | - | - | - | - | - | 73% | 73% |
| Peers Return | 47% | -21% | 57% | 26% | 5% | -2% | 135% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| RMIX Win Rate | - | - | - | - | - | 75% | |
| Peers Win Rate | 75% | 40% | 62% | 57% | 62% | 43% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| RMIX Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -14% | -36% | -17% | -18% | -27% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VMC, MLM, EXP, KNF, CRH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)
How Low Can It Go
RMIX has limited trading history. Below is the Materials sector ETF (XLB) in its place.
| Event | XLB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.0% | -18.8% |
| % Gain to Breakeven | 20.5% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.5% | -9.5% |
| % Gain to Breakeven | 14.3% | 10.5% |
| Time to Breakeven | 52 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.5% | -24.5% |
| % Gain to Breakeven | 30.7% | 32.4% |
| Time to Breakeven | 456 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.8% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.3% | -19.2% |
| % Gain to Breakeven | 22.4% | 23.8% |
| Time to Breakeven | 101 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -17.9% | -12.2% |
| % Gain to Breakeven | 21.7% | 13.9% |
| Time to Breakeven | 52 days | 62 days |
In The Past
State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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RMIX has limited trading history. Below is the Materials sector ETF (XLB) in its place.
| Event | XLB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.5% | -24.5% |
| % Gain to Breakeven | 30.7% | 32.4% |
| Time to Breakeven | 456 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.8% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.8% | -6.8% |
| % Gain to Breakeven | 31.2% | 7.3% |
| Time to Breakeven | 171 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.2% | -17.9% |
| % Gain to Breakeven | 39.3% | 21.8% |
| Time to Breakeven | 459 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -56.6% | -53.4% |
| % Gain to Breakeven | 130.3% | 114.4% |
| Time to Breakeven | 701 days | 1085 days |
In The Past
State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Suncrete (RMIX)
Suncrete (RMIX) is a U.S.-based producer and supplier of essential building materials and services for the construction industry. The company primarily operates through two core segments: Ready-Mixed Concrete and Aggregate Products, catering to diverse construction needs across the country.
The Ready-Mixed Concrete segment is responsible for the formulation, preparation, and delivery of ready-mixed concrete directly to customer job sites. This includes specialized services such as mixture design for specific uses, on-site and laboratory quality control, and customized delivery programs. Through its Aggregate Products segment, Suncrete provides fundamental raw materials like crushed stone, sand, and gravel, which are crucial for commercial, industrial, and public works construction projects. The company also offers additional products and services, including concrete blocks, specialized concrete technology, and operation of building materials stores.
Suncrete serves a broad spectrum of clients within the construction sector, encompassing concrete sub-contractors, general contractors, governmental agencies, property owners and developers, architects, engineers, and home builders, thereby playing a critical role in various construction endeavors across the United States.
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Here are 1-3 brief analogies for Suncrete (RMIX):
- The Sysco of construction materials.
- An industrial-scale Quikrete.
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- Ready-Mixed Concrete: Formulated, prepared, and delivered concrete to job sites.
- Aggregates: Crushed stone, sand, and gravel for construction projects.
- Concrete Blocks: Standard building units for construction.
- Lime Slurry: A construction material often used for soil stabilization or water treatment.
- Aridus Rapid-Drying Concrete Technology: Specialized concrete designed for fast drying.
- Concrete Mixture Design & Quality Control: Technical services for specific concrete mixture design uses and product quality assurance.
- Customized Delivery Programs: Tailored logistics for product delivery to job sites.
- Building Materials Retail: Operation of stores selling various construction materials and brokered products.
- Logistics & Recycling Services: Hauling, recycled aggregates operation, and distribution/transportation of cement and aggregates.
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Suncrete (RMIX) primarily sells its products and services to other companies and governmental agencies. The provided description identifies the following categories of major customers:
- Concrete sub-contractors
- General contractors
- Governmental agencies
- Property owners and developers
- Architects
- Engineers
- Home builders
The background information does not provide specific names of customer companies. However, some of these customer categories frequently include publicly traded entities. For example:
- General contractors: While specific names are not provided, public companies such as AECOM (ACM), Fluor Corporation (FLR), or Jacobs Solutions Inc. (J) operate in this space.
- Property owners and developers / Home builders: Public home builders and real estate developers like D.R. Horton, Inc. (DHI), Lennar Corporation (LEN), or PulteGroup, Inc. (PHM) could be representative of customers in these categories.
Governmental agencies do not have public stock symbols.
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The emergence of 3D printing technologies in construction, which could reduce reliance on traditional ready-mixed concrete and aggregates by enabling alternative, more automated building processes.
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Ready-Mixed Concrete
The U.S. ready-mixed concrete manufacturing market size was valued at approximately $46.9 billion in 2024 and is projected to reach $47.8 billion in 2025. The U.S. concrete industry, encompassing ready-mixed concrete production and delivery, was a $68 billion revenue industry in 2024.Aggregates (Crushed Stone, Sand, and Gravel)
The U.S. aggregates market, which includes crushed stone, sand, and gravel, was valued at approximately $164.65 billion in 2024 and is anticipated to reach $170.26 billion in 2025. This market is projected to grow to $222.24 billion by 2033.AI Analysis | Feedback
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Share Issuance
- Suncrete secured an upsized Private Investment in Public Equity (PIPE) financing totaling approximately $167.1 million in common stock in March 2026, ahead of its public listing.
- Prior to this, in October 2025, an initial common stock PIPE commitment of $82.5 million from institutional investors was secured.
- Overall, Suncrete secured approximately $215 million in committed capital through the PIPE financing and non-redemption agreements before going public.
Inbound Investments
- Suncrete operated as a portfolio company of SunTx Capital Partners, a Dallas, TX-based private equity firm, for several years prior to its public listing.
- The business combination with Haymaker Acquisition Corp. 4 provided approximately $226 million in gross proceeds from funds held in trust and the concurrent PIPE financing, after redemptions and forward purchase agreement payments but before transaction expenses.
Outbound Investments
- In October 2025, Suncrete acquired substantially all the assets of SRM, Inc. d.b.a. Schwarz Ready Mix and its affiliates, which significantly expanded its operations in the Oklahoma City metro area.
- This acquisition included the addition of 20 ready-mix plants and over 100 mixer trucks.
- Suncrete's growth strategy is focused on expanding its market share and entering new markets through accretive acquisitions, with plans to use the majority of deal proceeds for future acquisitions and an estimated near-term M&A pipeline of over $100 million in EBITDA.
Capital Expenditures
- Suncrete operates a network of batching plants and a dedicated fleet of owned mixer trucks, implying ongoing capital expenditures for maintaining and expanding this operational infrastructure.
- The acquisition of Schwarz Ready Mix in October 2025 directly increased Suncrete's asset base by adding 20 ready-mix plants and more than 100 mixer trucks.
- The company's expansion strategy throughout the U.S. Sunbelt region also indicates future capital expenditures to support growth in new and existing markets.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 154.99 |
| Mkt Cap | 34.5 |
| Rev LTM | 6,552 |
| Op Inc LTM | 1,487 |
| FCF LTM | 1,034 |
| FCF 3Y Avg | 838 |
| CFO LTM | 1,794 |
| CFO 3Y Avg | 1,593 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 2.9% |
| Rev Chg Q | 9.1% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Inc Chg LTM | 8.2% |
| Op Inc Chg 3Y Avg | 15.9% |
| Op Mgn LTM | 20.0% |
| Op Mgn 3Y Avg | 19.0% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 22.4% |
| CFO/Rev 3Y Avg | 20.5% |
| FCF/Rev LTM | 8.6% |
| FCF/Rev 3Y Avg | 11.3% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.55 | 1.42 | 0.00 | -0.12 | -0.89 | -0.05 |
| Up Beta | 0.94 | -0.01 | 2.67 | 1.57 | -1.88 | -0.56 |
| Down Beta | 1.84 | 1.29 | 1.71 | 1.20 | 1.31 | 1.80 |
| Up Capture | 360% | 352% | 264% | 162% | 71% | 7% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 15 | 28 | 35 | 35 | 35 | 35 |
| Down Capture | 41% | 93% | -42% | -17% | -12% | -6% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 6 | 13 | 20 | 20 | 20 | 20 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RMIX | |
|---|---|---|---|---|
| RMIX | 81.6% | 80.3% | 3.35 | - |
| Sector ETF (XLB) | 11.8% | 17.6% | 0.48 | 19.0% |
| Equity (SPY) | 22.3% | 12.5% | 1.33 | 21.9% |
| Gold (GLD) | 24.4% | 27.8% | 0.77 | 0.1% |
| Commodities (DBC) | 23.6% | 18.7% | 1.00 | 5.4% |
| Real Estate (VNQ) | 13.2% | 13.9% | 0.65 | -10.8% |
| Bitcoin (BTCUSD) | -42.8% | 42.8% | -1.18 | 7.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RMIX | |
|---|---|---|---|---|
| RMIX | 12.6% | 80.3% | 3.35 | - |
| Sector ETF (XLB) | 6.1% | 19.1% | 0.21 | 19.0% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 21.9% |
| Gold (GLD) | 18.0% | 18.3% | 0.80 | 0.1% |
| Commodities (DBC) | 7.5% | 19.5% | 0.28 | 5.4% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.06 | -10.8% |
| Bitcoin (BTCUSD) | 12.3% | 53.5% | 0.42 | 7.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RMIX | |
|---|---|---|---|---|
| RMIX | 6.1% | 80.3% | 3.35 | - |
| Sector ETF (XLB) | 10.6% | 20.6% | 0.45 | 19.0% |
| Equity (SPY) | 15.8% | 17.9% | 0.75 | 21.9% |
| Gold (GLD) | 11.7% | 16.1% | 0.59 | 0.1% |
| Commodities (DBC) | 6.1% | 18.0% | 0.27 | 5.4% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | -10.8% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 7.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 7/7/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/15/2026 | 0.8% | -8.3% | 30.1% |
| SUMMARY STATS | |||
| # Positive | 1 | 0 | 1 |
| # Negative | 0 | 1 | 0 |
| Median Positive | 0.8% | 30.1% | |
| Median Negative | -8.3% | ||
| Max Positive | 0.8% | 30.1% | |
| Max Negative | -8.3% | ||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/15/2026 | 0.8% | -8.3% | 30.1% |
| SUMMARY STATS | |||
| # Positive | 1 | 0 | 1 |
| # Negative | 0 | 1 | 0 |
| Median Positive | 0.8% | 30.1% | |
| Median Negative | -8.3% | ||
| Max Positive | 0.8% | 30.1% | |
| Max Negative | -8.3% | ||
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Harraden, Circle Investments, Llc | See Remarks | Sell | 4152026 | 12.98 | 17,184 | 223,093 | 63,687,585 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Harraden, Circle Investments, Llc | See Remarks | Sell | 4152026 | 12.98 | 17,184 | 223,093 | 63,687,585 | Form |
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Construction Materials Resources |
| Construction Europe |
| Aggregates Business |
| Concrete Products |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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