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Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, Sustainable & Green Buildings, and Circular Economy & Recycling. Themes include Green Building Materials, Show more.

0 Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, Sustainable & Green Buildings, and Circular Economy & Recycling. Themes include Green Building Materials, Show more.

RMIX in ETFs

Weight = RMIX's share of each fund

SCHA0.02%
SCHB0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 7/9/2026

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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Updated on 7/9/2026

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
ReturnCorrelation
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
ReturnCorrelation
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
ReturnCorrelation
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
ReturnCorrelation
RMIX  
Market (SPY)75.6%21.9%
Sector (XLB)28.0%19.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RMIX Return-----73%73%
Peers Return47%-21%57%26%5%-2%135%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
RMIX Win Rate-----75% 
Peers Win Rate75%40%62%57%62%43% 
S&P 500 Win Rate75%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.

EventXLBS&P 500
2025 US Tariff Shock
  % Loss-17.0%-18.8%
  % Gain to Breakeven20.5%23.1%
  Time to Breakeven84 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-12.5%-9.5%
  % Gain to Breakeven14.3%10.5%
  Time to Breakeven52 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-23.5%-24.5%
  % Gain to Breakeven30.7%32.4%
  Time to Breakeven456 days427 days
2020 COVID-19 Crash
  % Loss-36.2%-33.7%
  % Gain to Breakeven56.8%50.9%
  Time to Breakeven114 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-18.3%-19.2%
  % Gain to Breakeven22.4%23.8%
  Time to Breakeven101 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-17.9%-12.2%
  % Gain to Breakeven21.7%13.9%
  Time to Breakeven52 days62 days

Compare to VMC, MLM, EXP, KNF, CRH

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.

RMIX has limited trading history. Below is the Materials sector ETF (XLB) in its place.

EventXLBS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-23.5%-24.5%
  % Gain to Breakeven30.7%32.4%
  Time to Breakeven456 days427 days
2020 COVID-19 Crash
  % Loss-36.2%-33.7%
  % Gain to Breakeven56.8%50.9%
  Time to Breakeven114 days140 days
2014-2016 Oil Price Collapse
  % Loss-23.8%-6.8%
  % Gain to Breakeven31.2%7.3%
  Time to Breakeven171 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-28.2%-17.9%
  % Gain to Breakeven39.3%21.8%
  Time to Breakeven459 days123 days
2008-2009 Global Financial Crisis
  % Loss-56.6%-53.4%
  % Gain to Breakeven130.3%114.4%
  Time to Breakeven701 days1085 days

Compare to VMC, MLM, EXP, KNF, CRH

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.

AI Analysis | Feedback

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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The addressable markets for Suncrete's (symbol: RMIX) main products and services in the U.S. are as follows:

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.

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The public company Suncrete (symbol: RMIX) recently completed its business combination with Haymaker Acquisition Corp. 4 and began trading on Nasdaq on April 9, 2026. Therefore, a full 3-5 year history of capital allocation as a public company is not available. However, capital allocation decisions made by Suncrete as a private entity (Concrete Partners Holding, LLC, a portfolio company of SunTx Capital Partners) leading up to its public listing, and during its initial period as a public company within the requested timeframe (roughly 2021-2025), include:

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.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

RMIXVMCMLMEXPKNFCRHMedian
NameSuncrete Vulcan M.Martin M.Eagle Ma.Knife Ri.CRH  
Mkt Price19.77288.73571.90205.6278.31104.36154.99
Mkt Cap-37.734.56.44.469.834.5
Rev LTM-8,0626,5522,3093,20338,0616,552
Op Inc LTM-1,6141,4875632825,3071,487
FCF LTM-1,1161,034197-52,9991,034
FCF 3Y Avg-881838331932,770838
CFO LTM-1,8031,7946143455,6681,794
CFO 3Y Avg-1,5931,6135763195,2291,593

Growth & Margins

RMIXVMCMLMEXPKNFCRHMedian
NameSuncrete Vulcan M.Martin M.Eagle Ma.Knife Ri.CRH  
Rev Chg LTM-7.4%9.6%2.1%9.6%6.3%7.4%
Rev Chg 3Y Avg-2.9%1.7%2.5%8.2%7.8%2.9%
Rev Chg Q-7.4%17.2%1.9%16.0%9.1%9.1%
QoQ Delta Rev Chg LTM-1.5%3.1%0.4%1.8%1.6%1.6%
Op Inc Chg LTM-11.6%1,856.6%-6.0%-1.7%8.2%8.2%
Op Inc Chg 3Y Avg-15.9%616.5%-1.1%15.4%53.1%15.9%
Op Mgn LTM-20.0%22.7%24.4%8.8%13.9%20.0%
Op Mgn 3Y Avg-19.0%22.9%26.2%9.6%13.5%19.0%
QoQ Delta Op Mgn LTM-0.3%-0.9%-0.2%-0.3%-0.3%-0.3%
CFO/Rev LTM-22.4%27.4%26.6%10.8%14.9%22.4%
CFO/Rev 3Y Avg-20.5%26.4%25.3%10.7%14.4%20.5%
FCF/Rev LTM-13.8%15.8%8.6%-0.2%7.9%8.6%
FCF/Rev 3Y Avg-11.3%13.7%14.6%3.2%7.6%11.3%

Valuation

RMIXVMCMLMEXPKNFCRHMedian
NameSuncrete Vulcan M.Martin M.Eagle Ma.Knife Ri.CRH  
Mkt Cap-37.734.56.44.469.834.5
P/S-4.75.32.81.41.82.8
P/Op Inc-23.423.211.415.713.115.7
P/EBIT-22.623.210.815.512.515.5
P/E-33.913.615.230.319.119.1
P/CFO-20.919.210.512.912.312.9
Total Yield-3.6%7.3%6.8%3.3%5.6%5.6%
Dividend Yield-0.7%0.0%0.3%0.0%0.4%0.3%
FCF Yield 3Y Avg-2.6%2.4%4.3%2.0%4.4%2.6%
D/E-0.10.20.30.30.30.3
Net D/E-0.10.20.20.30.20.2

Returns

RMIXVMCMLMEXPKNFCRHMedian
NameSuncrete Vulcan M.Martin M.Eagle Ma.Knife Ri.CRH  
1M Rtn5.7%3.5%-0.1%-5.3%2.6%0.6%1.6%
3M Rtn81.2%-1.3%-8.4%4.3%-8.4%-9.3%-4.8%
6M Rtn81.2%-3.1%-10.1%-6.7%1.1%-15.7%-4.9%
12M Rtn81.2%7.7%1.4%-5.9%-3.6%9.7%4.6%
3Y Rtn81.2%34.6%31.0%14.4%80.0%106.0%57.3%
1M Excs Rtn12.0%5.1%1.4%-2.3%6.7%0.9%3.2%
3M Excs Rtn70.0%-12.3%-19.5%-6.0%-17.0%-19.2%-14.7%
6M Excs Rtn72.6%-12.0%-19.9%-13.5%-5.0%-27.1%-12.7%
12M Excs Rtn60.0%-12.0%-18.3%-25.2%-22.6%-9.4%-15.2%
3Y Excs Rtn11.9%-37.1%-41.8%-57.0%4.7%33.3%-16.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2023
Single Segment144
Total144


Net Income by Segment
$ Mil2023
Single Segment27
Total27


Price Behavior

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RMIX Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta1.551.420.00-0.12-0.89-0.05
Up Beta0.94-0.012.671.57-1.88-0.56
Down Beta1.841.291.711.201.311.80
Up Capture360%352%264%162%71%7%
Bmk +ve Days11244067140429
Stock +ve Days152835353535
Down Capture41%93%-42%-17%-12%-6%
Bmk -ve Days10172358112321
Stock -ve Days61320202020

[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
RMIX81.6%80.3%3.35-
Sector ETF (XLB)11.8%17.6%0.4819.0%
Equity (SPY)22.3%12.5%1.3321.9%
Gold (GLD)24.4%27.8%0.770.1%
Commodities (DBC)23.6%18.7%1.005.4%
Real Estate (VNQ)13.2%13.9%0.65-10.8%
Bitcoin (BTCUSD)-42.8%42.8%-1.187.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RMIX
RMIX12.6%80.3%3.35-
Sector ETF (XLB)6.1%19.1%0.2119.0%
Equity (SPY)13.4%17.1%0.6121.9%
Gold (GLD)18.0%18.3%0.800.1%
Commodities (DBC)7.5%19.5%0.285.4%
Real Estate (VNQ)2.9%18.9%0.06-10.8%
Bitcoin (BTCUSD)12.3%53.5%0.427.2%

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
RMIX6.1%80.3%3.35-
Sector ETF (XLB)10.6%20.6%0.4519.0%
Equity (SPY)15.8%17.9%0.7521.9%
Gold (GLD)11.7%16.1%0.590.1%
Commodities (DBC)6.1%18.0%0.275.4%
Real Estate (VNQ)5.2%20.7%0.22-10.8%
Bitcoin (BTCUSD)58.0%66.2%0.987.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity0.4 Mil
Short Interest: % Change Since 531202678.5%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity70.6 Mil
Short % of Basic Shares0.6%

Earnings Returns History

Updated 7/7/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/15/20260.8%-8.3%30.1%
SUMMARY STATS   
# Positive101
# Negative010
Median Positive0.8% 30.1%
Median Negative -8.3% 
Max Positive0.8% 30.1%
Max Negative -8.3% 
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/15/20260.8%-8.3%30.1%
SUMMARY STATS   
# Positive101
# Negative010
Median Positive0.8% 30.1%
Median Negative -8.3% 
Max Positive0.8% 30.1%
Max Negative -8.3% 

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202502/13/2026424B3
06/30/202511/12/2025S-4
Collapse to Preview
Report DateFiling DateFiling
09/30/202502/13/2026424B3
06/30/202511/12/2025S-4

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Harraden, Circle Investments, Llc See RemarksSell415202612.9817,184223,09363,687,585Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Harraden, Circle Investments, Llc See RemarksSell415202612.9817,184223,09363,687,585Form
Core Cache Last Updated: 7/9/2026