Red Hat has benefited from previous contributors, but then added a ton of open source work of their own.
RH are open source contributors; Rocky Linux are mere users.
Second, the sole direct beneficiary of this hypothesis, IBM, apparently thinks it isn't true, and from what little comments they have released appears to have come to this conclusion after quite a bit of analysis.
Third, from my position of ignorance, I think IBM is probably correct. Why? Because the free burger in your analogy isn't Alma/Rocky, it's Fedora. A user who runs Fedora on workstations or small production servers is very likely to consider RHEL when choosing an enterprise distribution for large deployments, because they are already familiar with the ecosystem but they want stronger stability guarantees than Fedora Server. But a user who is running Alma/Rocky has much less reason to move to RHEL: they gain nothing but the license hassle.
Looking at their GH profile https://github.com/rocky-linux seems to show some public repos with code in them?
https://old.reddit.com/r/redhat/comments/14jq5i7/red_hats_co...
Those Rocky Linux repos are either not code (website, wiki, etc.), and a few are tools for repackaging/rebranding an existing Linux distro's source code bug-for-bug - an activity which, by definition, does not and cannot offer anything more than the original code already did.
https://old.reddit.com/r/redhat/comments/14jq5i7/red_hats_co...
(Which is only what I, an ignoramus, would expect - if the project aims for "bug-for-bug compatibility", then it doesn't really gain much value from fixing bugs, while a fork would.)
If you think his evaluation of Alma/Rocky contributions is incorrect or incomplete, I'd be interested in hearing your POV as a Rocky engineer.