CACI
CACI International Inc.
Is CACI Halal?
Defense and intelligence contractor with 79.88% of Q1 revenue from DoD and Intelligence Community customers; the qualitative business screen fails and debt/assets is 44.65%.
What You Should Know
CACI International's March 31, 2026 Form 10-Q reports $11,602.847M total assets, $5,180.577M of interest-bearing debt, $157.996M cash, $1,506.780M accounts receivable and $2,351.002M quarterly revenue. ZakatInvest calculates debt/assets 44.65%, cash plus identifiable interest-bearing securities/assets 1.36% and receivables plus cash/assets 14.35%; no interest-income numerator is separately disclosed. DoD revenue was $1,295.628M and Intelligence Community revenue was $582.235M, or 79.88% combined. CACI's defense, intelligence, electronic-warfare, signals-intelligence and cyber-operations work is the binding qualitative screen failure.
⚠️ Concerns
- •DoD and Intelligence Community revenue was $1,877.863M, or 79.88% of Q1 revenue
- •Signals intelligence, electronic warfare, cyber operations and mission systems are direct national-security capabilities
- •Debt/assets is 44.65%, above the examined FTSE Yasaar, MSCI and Malaysia SAC asset-based limits
- •CACI acquired ARKA for approximately $2.64B and added term-loan and notes capacity in March 2026
- •Federal-civilian and commercial revenue is a minority and does not change the dominant defense-and-intelligence profile
- •The filing reports interest expense and other, net rather than a reproducible interest-income numerator
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
5,180.577 / 11,602.847
157.996 / 11,602.847
1,664.776 / 11,602.847
- Financial
- Fails
- Overall
- Fails
Debt is 44.65% of assets, above the examined 33.333% limit; liquidity is 1.36% and receivables plus cash are 14.35%. The business-activity screen also fails because defense and intelligence are dominant.
- Financial
- Fails
- Overall
- Fails
Debt is 44.65% of assets, above the examined 33.33% MSCI limit; liquidity and receivables plus cash pass their known asset-based limits, but the dominant defense and intelligence business fails the qualitative screen. This is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 44.65% of assets, above the examined 33% Malaysia SAC limit. DoD and Intelligence Community revenue is 79.88% of the quarter, so the qualitative business-activity screen also fails; this is not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so no unsupported market-cap percentage is substituted for the filing-backed asset-based calculation.
Business-activity disclosure
CACI provides expertise and technology primarily to the U.S. Department of Defense and Intelligence Community, including mission support, intelligence analysis, cyber operations, signals intelligence, electronic warfare, secure communications and mission-systems integration. The dominant customer and capability mix is defense and intelligence rather than general-purpose commercial IT.
Limitation: The filing quantifies customer type but does not allocate every contract dollar between defensive, offensive, dual-use, administrative and civilian activities. The $1,877.863 million DoD-plus-IC figure is a conservative disclosed lower-bound proxy for the dominant defense-and-intelligence activity, not a claim that every contract dollar has one universal ruling.
Purification
CACI reports interest expense and other, net of $52.267 million but does not separately disclose interest income. No fixed purification percentage is calculated; the qualitative business-activity failure is the binding screen.
Inputs, assumptions and primary sources
- Inputs use CACI International's March 31, 2026 Form 10-Q; amounts are USD millions after converting the filing's thousands presentation.
- Interest-bearing debt uses $5,180.577 million of total long-term debt, including the $46.750 million current portion and $5,133.827 million net long-term portion. Operating leases, retirement-plan obligations and other liabilities are excluded.
- Cash uses $157.996 million of cash and cash equivalents. No separately identified interest-bearing securities balance is reported and none is added.
- Receivables use $1,506.780 million of net accounts receivable, which includes billed and current unbilled contract receivables. Noncurrent contract assets and other current assets are excluded.
- Quarterly revenue was $2,351.002 million. The statement reports $52.267 million of interest expense and other, net; it does not provide a reproducible interest-income numerator, so non-compliant income is unavailable rather than estimated.
- Customer revenue was $1,295.628 million from DoD, $582.235 million from the Intelligence Community, $373.582 million from federal civilian agencies and $99.557 million from commercial and other customers. DoD plus IC were 79.88% of quarterly revenue.
- CACI acquired ARKA Group for approximately $2,642.7 million net of cash on March 9, 2026 and financed the transaction with additional term-loan and notes capacity. The filing reports $33.4 billion of total backlog and $12.3 billion of remaining performance obligations.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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