The Short Answer
Carpenter Technology stock (CRS) is generally halal at the activity and known-financial-screen level, with a methodology-dependent status. Specialty-alloy manufacturing is generally permissible, while aerospace, defense and other end-market treatment remains qualitative.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
690.4 / 3,679.1
294.8 / 3,679.1
976.8 / 3,679.1
2 / 811.5
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 18.76%, liquidity/assets is 8.01%, receivables plus cash/assets is 26.55% and interest income/revenue is 0.25%; known financial ratios pass, but activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined total-assets limits; end-market classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known financial ratios pass the examined limits; this is not an official SAC classification and end-market treatment remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and qualitative end-market treatment remains incomplete.
Business-activity disclosure
Carpenter Technology manufactures specialty alloys and high-performance metals for aerospace, defense, medical, energy and industrial markets. Metals manufacturing is generally permissible, while end-market and defense exposure is not completely separated in the filing.
Limitation: The filing reports end markets but does not quantify a scholar-approved prohibited-activity numerator for defense, government or other customer uses.
Purification
Carpenter discloses $2.0 million of interest income, or 0.25% of quarterly net sales, but no scholar-approved fixed purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Carpenter Technology's March 31, 2026 Form 10-Q.
- Long-term debt is $690.4 million; operating leases are excluded.
- Cash and cash equivalents are $294.8 million; no separate interest-bearing securities balance is identified.
- Accounts receivable, net are $682.0 million and quarterly net sales are $811.5 million.
- The filing reports $2.0 million of interest income for the quarter.
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.
What Carpenter Technology Does
Carpenter manufactures specialty alloys and high-performance metals for aerospace, defense, medical, energy and industrial markets. The public filing does not quantify a universal prohibited-activity numerator for those end uses.
Current Quantitative Screen
The March 31, 2026 Form 10-Q reports $3,679.1 million of assets, $690.4 million of long-term debt, $294.8 million of cash and $682.0 million of accounts receivable.
- Debt/assets: 18.76% — below the examined limits.
- Liquidity/assets: 8.01% — below the examined limits.
- Receivables plus cash/assets: 26.55% — below the examined limits.
- Interest income/revenue: 0.25% from $2.0 million of disclosed interest income.
Known financial ratios pass FTSE, MSCI and Malaysia asset-based limits; the overall result remains incomplete for qualitative activity classification.
Purification and Qualitative Review
The disclosed interest-income ratio is below the examined FTSE income limit, but no fixed purification percentage is inferred. Follow the guidance of a qualified scholar or the methodology you use.
Bottom Line
CRS is generally halal at the known-screen level, with a methodology-dependent status. Re-screen after a newer filing or a material end-market, capacity or financing change.