Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Howmet Aerospace Inc. (HWM) Halal?

FAIL

Howmet Aerospace Inc. · NYSE: HWM · Industrials

The short answer

No - Howmet Aerospace Inc. (HWM) fails this Shariah stock screen on the business gate (strict reading). Howmet, the Pittsburgh-based engineered-metals manufacturer, earns its revenue from engine products, fastening systems, engineered structures, and forged wheels (FY2025 revenues $8,252M) - but defense aerospace is 17% of 2025 revenue (~$1.4B), a substantial named segment (F-35 Lightning II and fighter jet parts; missiles, drones, and collaborative combat aircraft as growth drivers). AAOIFI-based screens treat weapons/defense manufacturing as a core-haram activity, outside the 5% tolerance that applies to incidental income - and 17% is nearly 3x the 6% defense share at Eaton, which Zoya rates compliant. This strict reading is a judgment call, stated not hidden. The financial ratios pass: debt of $3,050M is about 3.32% of its ~$92B market cap ($228.38/share, October 2026), below the ~33% ceiling, and interest income of $20M is about 0.24% of revenue, below the 5% ceiling. Diverging view disclosed prominently: ShariaPortfolio rates Howmet Shariah Compliant (3/5 Shariah standards). This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: FAIL

Howmet Aerospace Inc. (NYSE: HWM), headquartered in Pittsburgh, PA (Delaware corporation), is an engineered-metals manufacturer for aerospace and industrial markets. Per its Form 10-K for the fiscal year ended December 31, 2025 (published February 12, 2026; Commission File No. 1-3610; figures from the filing text via stocklight.com reproduction), 2025 segments: Engine Products ($4,320M, 54%), Fastening Systems ($1,745M), Engineered Structures ($1,148M), Forged Wheels ($1,039M) - total $8,252M. The 2025 Annual Report discloses revenue by market: commercial aerospace 53%, DEFENSE AEROSPACE 17%, commercial transportation 15%, gas turbines 11%, other 4%. The company supplies parts for the F-35 Lightning II and other fighter jets; Q2 2026 commentary flags missiles, drones, and collaborative combat aircraft as growth drivers. The 2026 acquisitions (Consolidated Aerospace Manufacturing ~$1.8B; Brunner Manufacturing ~$120M) are explicitly 'precision fasteners... for demanding aerospace and defense applications.' Business-screen implication (factual): defense aerospace is 17% of 2025 revenue (~$1.4B) - a substantial, named segment. AAOIFI-based screens treat weapons/defense manufacturing as a core-haram activity, outside the 5% tolerance that applies to incidental income. Compare the Eaton precedent in this pipeline (Defense Aerospace = 6% of sales, rated compliant by Zoya): Howmet's 17% is nearly 3x Eaton's and is a core segment, not a footnote. This is a strict reading - the judgment call is stated, not hidden. Gate 1 fails on strict reading. Facts only.

Gate 2 — Debt and cash: PASS

Per Howmet Aerospace's Form 10-K for the fiscal year ended December 31, 2025 (published February 12, 2026; figures from the filing text via stocklight.com reproduction; $ millions), total debt at December 31, 2025 was: long-term debt due within one year $191M + long-term debt, less amount due within one year $2,859M = $3,050M. Against a market cap of about $92B ($228.38 per share, Finnhub, October 2026; sanity check: 400,940,063 shares outstanding at Feb 9, 2026 x $228.38 = about $91.57B - within ~1%), debt / market cap is about 3.32% - below the ~33% ceiling. Footnote: the 2026 CAM acquisition (closed Apr 6, 2026, ~$1.8B) added ~$1.65B of new debt - a post-period fact that does not change the gate result. Cash and cash equivalents of $742M ($462M held by non-U.S. subsidiaries) is about 0.81% of market cap. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Per Howmet Aerospace's Form 10-K for the fiscal year ended December 31, 2025 (published February 12, 2026; $ millions), NO separate interest-income line is disclosed - interest is netted into 'Interest expense, net' ($151M FY2025; $182M in 2024). Zoya's parse of Howmet's FY2025 figures records interest income of $20,000,000 on revenue of $8,252,000,000 = about 0.24% of revenue - below the 5% non-compliant income ceiling. So interest income is effectively ~0.24% on the evidence available. Gate 3 passes. Facts only - no interest-income figure is asserted beyond Zoya's parse; the filing nets interest into 'Interest expense, net.'

Key figures used

Frequently asked questions

What does Howmet Aerospace do?

Howmet Aerospace Inc. (NYSE: HWM), headquartered at 201 Isabella Street, Pittsburgh, PA (Delaware corporation), is an engineered-metals manufacturer for aerospace and industrial markets. Per its Form 10-K for the fiscal year ended December 31, 2025 (published February 12, 2026; Commission File No. 1-3610; EIN 25-0317820; figures from the filing text via stocklight.com reproduction), 2025 segments: Engine Products ($4,320M, 54%), Fastening Systems ($1,745M), Engineered Structures ($1,148M), Forged Wheels ($1,039M) - total $8,252M. Products: investment castings for jet engines (airfoils, nickel superalloys/titanium), seamless rolled rings, fastening systems, forged jet engine components/disks, machined aircraft parts, forged aluminum truck wheels. The 2025 Annual Report discloses revenue by market: commercial aerospace 53%, defense aerospace 17%, commercial transportation 15%, gas turbines 11%, other 4%. Its common stock trades on the New York Stock Exchange (ticker HWM). FY2025 revenues were $8,252M. (A 'Robinhood token HWM' crypto asset exists - that is not this company.)

Why does Howmet Aerospace fail this Shariah stock screen?

Howmet Aerospace fails this Shariah stock screen on the business gate (strict reading). Gate 1 (business activity): the 2025 Annual Report discloses defense aerospace as 17% of 2025 revenue (~$1.4B) - a substantial, named segment (the company supplies parts for the F-35 Lightning II and other fighter jets; CEO commentary flags missiles, drones, and collaborative combat aircraft as growth drivers). AAOIFI-based screens treat weapons/defense manufacturing as a core-haram activity, outside the 5% tolerance that applies to incidental income - compare Eaton (6% defense aerospace, rated compliant by Zoya); Howmet's 17% is nearly 3x Eaton's and is a core segment, not a footnote - fails on a strict reading. Gate 2 (debt): total debt of $3,050M is about 3.32% of its ~$92B market cap (October 2026) - passes. Gate 3 (non-compliant income): interest income of $20M is about 0.24% of FY2025 revenues ($8,252M) - passes. Diverging view disclosed prominently: ShariaPortfolio rates Howmet 'Shariah Compliant ... passes 3/5 Shariah standards' (notably lower than other ratings in this pipeline); Zoya's page leans 'not Shariah-compliant' (garbled - no clean rating quoted). Result: FAIL - the defense-segment judgment call is stated, not hidden. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Howmet Aerospace's interest-bearing debt ratio?

Per Howmet Aerospace's Form 10-K for the fiscal year ended December 31, 2025 (published February 12, 2026; figures from the filing text via stocklight.com reproduction; $ millions), total debt at December 31, 2025 was: long-term debt due within one year $191M + long-term debt, less amount due within one year $2,859M = $3,050M. Against a market cap of about $92B ($228.38 per share, Finnhub, October 2026; sanity check: 400,940,063 shares outstanding at Feb 9, 2026 x $228.38 = about $91.57B - within ~1%), debt / market cap is about 3.32% - below the ~33% ceiling. Footnote: the 2026 CAM acquisition (closed Apr 6, 2026, ~$1.8B) added ~$1.65B of new debt - a post-period fact that does not change the gate result. Cash and cash equivalents of $742M is about 0.81% of market cap. Gate 2 passes. Facts only.

How much interest income does Howmet Aerospace earn?

Per Howmet Aerospace's Form 10-K for the fiscal year ended December 31, 2025 (published February 12, 2026; $ millions), NO separate interest-income line is disclosed - interest is netted into 'Interest expense, net' ($151M FY2025). Zoya's parse of Howmet's FY2025 figures records interest income of $20,000,000 on revenue of $8,252,000,000 = about 0.24% of revenue - below the 5% non-compliant income ceiling. So interest income is effectively ~0.24% on the evidence available. Gate 3 passes. Facts only - no interest-income figure is asserted beyond Zoya's parse; the filing nets interest into 'Interest expense, net.'

Do Zoya, Musaffa, or ShariaPortfolio cover Howmet Aerospace?

Zoya covers Howmet at zoya.finance/stocks/hwm, but its auto-generated FAQ text is garbled/contradictory (renders 'HWM is not Shariah-compliant and therefore considered halal to invest in' AND 'not Shariah-compliant and therefore not considered halal' fragments simultaneously) - no clean Zoya rating can be quoted, and none is quoted here. The consistent headline leaning across fragments is 'not Shariah-compliant' - since the financial gates pass on Zoya's own data (interest income 0.24%), the lean is evidently driven by the defense segment. Musaffa: no HWM stock page found in web searches - honestly reported as no coverage found, not invented. ShariaPortfolio covers HWM at spscreener.mxcorporate.com/stock/hwm-howmet-aerospace-inc-2/: 'Howmet Aerospace Inc. is Shariah Compliant. It passes 3/5 Shariah standards we screen against' - disclosed prominently as the diverging third-party view (3/5 is notably lower than other ratings in this pipeline).

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).