GGG
Graco Inc.
Is GGG Halal?
Fluid-handling equipment for industrial, contractor, and process end markets — permissible specialty-industrial business with clean financial screen.
What You Should Know
Graco is a US designer, manufacturer, and marketer of fluid-handling equipment organized into three reporting segments: Industrial (precision-dispense equipment, sealants and adhesives, lubrication for industrial assembly), Contractor (paint sprayers, texture sprayers, and accessories for professional painting contractors), and Process (pumps and valves for chemical, oil-and-gas, food-and-beverage, pharmaceutical, and water-treatment end markets). Graco serves industrial OEMs, professional contractors, and distributors globally. Fluid-handling equipment for general-purpose industrial and process end markets is unambiguously permissible at the activity level. Graco operates a high-quality industrial balance sheet with cash exceeding debt and strong free-cash-flow generation; the debt-to-market-cap ratio sits well below the 33% Sharia threshold across the cycle. The qualitative screen passes cleanly across major Sharia advisory boards. Muslim investors should verify the current ratios at their preferred screening platform.
⚠️ Concerns
- •Some end-market exposure to oil-and-gas process customers via the Process segment (general-purpose pumps and valves, not the hydrocarbon product)
- •Latest total-assets debt screen passes at 0.82%; market-cap denominator is not calculated without a licensed historical series
- •Gross interest income is not separately disclosed
- •Cyclical exposure to the industrial-capital-spending and construction-paint cycle (business-quality consideration rather than Sharia screen concern)
- •Distribution-channel concentration with a small group of professional paint and industrial distributors
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-27; calculated 2026-07-13.
27.311 / 3,334.768
712.171 / 3,334.768
1,102.538 / 3,334.768
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 0.82%, liquidity/assets is 21.36% and receivables plus cash/assets is 33.08%; gross interest income and screened business revenue remain unavailable.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables plus cash/assets are below the examined total-assets limits; this is not an index-membership claim and income disclosure remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable conventional cash and instruments are below the examined Malaysia SAC limits; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
No licensed historical market-cap series is stored.
Business-activity disclosure
Graco designs and manufactures fluid-handling equipment for industrial, contractor and process end markets. General-purpose pumps, valves, dispensing equipment and paint systems are generally permissible; oil-and-gas customers remain an end-market context rather than the product itself.
Limitation: The filing does not separately disclose gross interest income or a universal prohibited-activity revenue numerator.
Purification
Gross interest income is not separately quantified; ZakatInvest does not assert a purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Graco's March 27, 2026 Form 10-Q.
- Interest-bearing debt is notes payable to banks of $26.189 million plus current portion of long-term debt of $1.122 million; no noncurrent long-term debt was separately presented.
- Cash is $712.171 million and accounts receivable are $390.367 million.
- Quarterly net sales are $540.144 million. Interest expense is disclosed, but gross interest income is not separately disclosed.
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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