NYSE Shariah screener · October 2026
Is Stanley Black & Decker, Inc. (SWK) Halal?
Stanley Black & Decker, Inc. · NYSE: SWK · Industrials
The short answer
Stanley Black & Decker fails the Shariah screen on debt: $5.86 billion of interest-bearing borrowings (short-term borrowings, current maturities and long-term debt) is 43.8% of its ~$13.40 billion market cap — over the 33% ceiling. Its tools business passes gate 1 and interest income of 1.31% of revenue passes gate 3, but the debt gate fails.
Gate 1 — Business activity: PASS
Gate 1 — business activity: PASS. Stanley Black & Decker, Inc., founded in 1843 and headquartered in New Britain, Connecticut, makes tools and industrial products. Per its FY2025 financials, it operates two segments: Tools & Outdoor ($13,158.2 million of FY2025 net sales — DEWALT, Stanley, Craftsman power and hand tools and outdoor equipment) and Engineered Fastening ($1,972.2 million — fastening and assembly systems for industrial customers). FY2025 net sales were $15,130.4 million.
The company makes tools, not financial products — not interest-based lending, and not involved in tobacco, gambling, pork or alcohol. Its business passes gate 1. Note: in December 2025 the company announced a definitive agreement to sell its Consolidated Aerospace Manufacturing (CAM) business for $1.8 billion in cash (classified as held for sale on the January 3, 2026 balance sheet).
Gate 2 — Debt and cash: FAIL
Gate 2 — interest-bearing debt: FAIL (43.8%, ceiling 33%). Per the FY2025 balance sheet (January 3, 2026), interest-bearing borrowings were: short-term borrowings $605.6 million plus current maturities of long-term debt $554.8 million plus long-term debt $4,703.3 million — a total of $5,863.7 million. Operating lease obligations are not included in these lines.
$5.86 billion of interest-bearing debt against a market capitalization of about $13.40 billion (AmericanBankingNews, September 30, 2026; Finnhub live XNYS quote) is 43.8%, over the 33% ceiling. Cash and cash equivalents of $280.1 million at January 3, 2026 represent about 2.1% of market cap.
Gate 3 — Non-compliant income: PASS
Gate 3 — non-compliant income: PASS (1.31%, ceiling 5%). Stanley Black & Decker's FY2025 Form 10-K separately discloses ‘Interest income’ of $198.4 million against net sales of $15,130.4 million — about 1.31%, under the 5% ceiling — but the screen already fails at gate 2. (Interest expense was $516.3 million — reported here for completeness, not counted in the gate.)
Key figures used
- Business: tools and industrial products, founded 1843, HQ New Britain, CT; segments: Tools & Outdoor ($13,158.2M FY2025 net sales — DEWALT, Stanley, Craftsman) and Engineered Fastening ($1,972.2M); FY2025 net sales $15,130.4M — passes the business screen
- Corporate action (2025): definitive agreement announced December 2025 to sell Consolidated Aerospace Manufacturing (CAM) business for $1.8B cash (held for sale on Jan 3, 2026 balance sheet)
- Debt: $605.6M short-term borrowings + $554.8M current maturities + $4,703.3M long-term debt = $5,863.7M at Jan 3, 2026; 43.8% of ~$13.40B market cap (AmericanBankingNews, Sep 30, 2026; Finnhub live XNYS quote) — over the 33% ceiling
- Cash: $280.1M cash and cash equivalents at Jan 3, 2026 (~2.1% of market cap)
- Interest income: $198.4M in FY2025 vs $15,130.4M net sales = 1.31% — under the 5% ceiling (interest expense $516.3M reported separately)
- Market data: NYSE-listed (confirmed on 8-K covers and Finnhub XNYS); still listed (confirmed October 2, 2026; live quotes, no delisting); FY2025 results published Feb 4, 2026; FY2025 10-K audited by Ernst & Young (Feb 24, 2026)
- Third-party: Zoya flags SWK not Shariah-compliant (page internally contradictory); Musaffa classifies SWK not halal (Oct 2026); no verifiable ShariaPortfolio rating found
Frequently asked questions
What does Stanley Black & Decker do?
Stanley Black & Decker, Inc. (NYSE: SWK), founded in 1843 and headquartered in New Britain, Connecticut, makes tools and industrial products. Per its FY2025 financials it operates two segments: Tools and Outdoor ($13,158.2 million of FY2025 net sales — DEWALT, Stanley and Craftsman power tools, hand tools and outdoor equipment) and Engineered Fastening ($1,972.2 million — fastening and assembly systems for industrial customers). FY2025 net sales were $15,130.4 million. In December 2025 it announced a definitive agreement to sell its Consolidated Aerospace Manufacturing business for $1.8 billion in cash.
Is Stanley Black & Decker's business Shariah compliant?
Yes. Stanley Black & Decker makes power tools, hand tools, outdoor equipment and engineered fastening systems — not interest-based lending, and it is not involved in tobacco, gambling, pork or alcohol. Its business passes this screener's first gate. The December 2025 agreement to sell the Consolidated Aerospace Manufacturing business for $1.8 billion is a divestiture, not a change in its tools business model.
How much interest-bearing debt does Stanley Black & Decker have?
Per its FY2025 balance sheet (January 3, 2026), interest-bearing borrowings were short-term borrowings of $605.6 million plus current maturities of long-term debt of $554.8 million plus long-term debt of $4,703.3 million — $5,863.7 million in total. Against a market cap of about $13.40 billion (AmericanBankingNews, September 30, 2026; Finnhub live XNYS quote) that is 43.8%, over the 33% ceiling — this is why the stock fails the screen. Cash and cash equivalents of $280.1 million are about 2.1% of market cap.
How much interest income does Stanley Black & Decker earn?
Stanley Black & Decker's FY2025 Form 10-K separately discloses 'Interest income' of $198.4 million. Against FY2025 net sales of $15,130.4 million that is about 1.31%, under the 5% non-compliant income ceiling — but the screen already fails at the debt gate.
What do third-party Shariah screeners say about Stanley Black & Decker?
Zoya publishes a Stanley Black & Decker (SWK) page and currently flags the stock as not Shariah-compliant, though the page's FAQ text is internally contradictory about its own answers, so treat its published reasoning with caution. Musaffa also classifies SWK as not halal as of October 2026. No ShariaPortfolio rating could be verified from public sources. All three third-party positions are consistent with this page's FAIL result.
Sources
- Stanley Black & Decker FY2025 Form 10-K (income statement: net sales $15,130.4M, interest income $198.4M, interest expense $516.3M; EY audited Feb 24, 2026)
- Stanley Black & Decker Q4/FY2025 press release financials (balance sheet: ST borrowings $605.6M, current maturities $554.8M, long-term debt $4,703.3M, cash $280.1M at Jan 3, 2026)
- AmericanBankingNews — Stanley Black & Decker price performance (market cap $13.40B, NYSE, Sep 30, 2026)
- Finnhub — Stanley Black & Decker Inc financial market data (XNYS, Oct 2, 2026)
- Zoya — Stanley Black & Decker (SWK) Shariah compliance page
- Musaffa — Stanley Black & Decker (SWK) Shariah compliance page
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).