NYSE Shariah screener · October 2026

Is Vulcan Materials Company (VMC) Halal?

PASS

Vulcan Materials Company · NYSE: VMC · Materials

The short answer

Vulcan Materials passes all three Shariah gates: it produces permissible construction aggregates, asphalt and concrete, carries about $4.36 billion of interest-bearing debt (13.6% of its ~$32.17 billion market cap), and interest income of about 0.17% of revenue is far under the 5% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. Vulcan Materials Company, headquartered in Birmingham, AL, is the largest US producer of construction aggregates — crushed stone, sand and gravel — and also produces asphalt mix and ready-mixed concrete. Per its FY2025 Form 10-K (filed February 19, 2026, audited by Deloitte), it operates quarries, mines and yards across the United States and Mexico, supplying materials for infrastructure, commercial and residential construction. The company is not an interest-based lender and is not involved in tobacco, gambling, pork or weapons. No haram business segments are disclosed, so it passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (13.6%, ceiling 33%). Per Vulcan Materials' FY2025 Form 10-K, long-term debt was $4,361.7 million and current maturities of long-term debt were $0.4 million at December 31, 2025 — total interest-bearing debt of about $4.36 billion. Operating lease liabilities are excluded — they are not interest-bearing debt.

Against a market capitalization of about $32.17 billion (Finnhub, October 2, 2026), that is 13.6%, well under the 33% ceiling. Cash and cash equivalents of $183.3 million at December 31, 2025 represent about 0.6% of market cap.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (0.17%, ceiling 5%). Vulcan Materials' FY2025 Form 10-K separately discloses interest income as its own line item on the consolidated statements of comprehensive income: interest income of $13.4 million against FY2025 total revenue of $7,941.1 million is about 0.17%, far under the 5% ceiling.

Key figures used

Business: largest US producer of construction aggregates (crushed stone, sand, gravel) plus asphalt mix and ready-mixed concrete; quarries, mines and yards across the US and Mexico; HQ Birmingham, AL
Haram assessment: no interest-based lending; no tobacco/gambling/pork/weapons segments disclosed in the FY2025 Form 10-K
Debt: $4,361.7M long-term debt + $0.4M current maturities at Dec 31, 2025 = ~$4.36B interest-bearing debt - 13.6% of ~$32.17B market cap (Finnhub, Oct 2, 2026) - well under the 33% ceiling
Cash: $183.3M cash and cash equivalents at Dec 31, 2025 (~0.6% of market cap)
Interest income: $13.4M in FY2025 (separate income-statement line) vs $7,941.1M revenue = 0.17% - far under the 5% ceiling
Corporate actions: divested Houston construction businesses in 2025; California ready-mix concrete divestiture expected in 2026
Market data: NYSE-listed; still listed on NYSE (confirmed October 2, 2026; live quotes, no delisting)
Third-party: Zoya flags VMC as Shariah-compliant (Sept 2026); Musaffa classifies VMC as halal (Oct 2026); no verifiable ShariaPortfolio rating found

Frequently asked questions

What does Vulcan Materials do?

Vulcan Materials Company (NYSE: VMC) is headquartered in Birmingham, Alabama and is the largest US producer of construction aggregates - crushed stone, sand and gravel - also producing asphalt mix and ready-mixed concrete. Per its FY2025 Form 10-K (filed February 19, 2026 and audited by Deloitte), it operates aggregates quarries, mines and yards across the United States and Mexico, supplying materials used in infrastructure and commercial and residential construction.

Is Vulcan Materials' business Shariah compliant?

Vulcan Materials produces construction aggregates (crushed stone, sand, gravel), asphalt mix and ready-mixed concrete - materials used to build roads, bridges and buildings. Its FY2025 Form 10-K describes no interest-based lending, tobacco, gambling, pork or weapons businesses. The company divested its Houston construction businesses in 2025 and expects to divest its California ready-mix concrete operations in 2026, keeping its focus on core aggregates. The business passes this screener's first gate.

How much interest-bearing debt does Vulcan Materials have?

Vulcan Materials' FY2025 Form 10-K reports long-term debt of $4,361.7 million and current maturities of long-term debt of $0.4 million at December 31, 2025, for total interest-bearing debt of about $4.36 billion. Operating lease liabilities are excluded as they are not interest-bearing debt. Against a market capitalization of about $32.17 billion (Finnhub, October 2, 2026), that is about 13.6% - well under the 33% ceiling. Cash and cash equivalents of $183.3 million at December 31, 2025 represent about 0.6% of market cap.

How much interest income does Vulcan Materials earn?

Vulcan Materials' FY2025 Form 10-K separately discloses interest income as its own line item on the consolidated statements of comprehensive income: $13.4 million of interest income against FY2025 total revenue of $7,941.1 million is about 0.17% - far under the 5% non-compliant income ceiling.

What do third-party Shariah screeners say about Vulcan Materials?

Zoya publishes a Vulcan Materials (VMC) page and currently flags the stock as Shariah-compliant (as of September 2026). Musaffa also covers VMC and classifies it as halal under its AAOIFI-based methodology (as of October 2026). I could not verify a ShariaPortfolio rating page for VMC from public sources. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

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).