Is ASPEN AEROGELS INC (ASPN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 74.2% / 30% | 83.0% / 30% | 41.0% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 74.2% / 33% | 83.0% / 33% | 41.0% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 22.1% / 33% | 24.7% / 33% | 12.2% / 33% | N/A | ✓ HALAL |
| S&P | 74.2% / 33% | 83.0% / 33% | 41.0% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 22.1% / 33% | 24.7% / 33% | 12.2% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 17.0% | |
| Operating Margin | -114.7% | |
| Net Margin | -143.7% | |
| Return on Equity (ROE) | -91.6% | |
| Return on Assets (ROA) | -4.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $33M |
| Free Cash Flow | -$5M |
| Total Debt | $144M |
| Debt-to-Equity | 61.0 |
| Current Ratio | 3.9 |
| Total Assets | $407M |
Price & Trading
| Last Close | $3.42 |
| 50-Day MA | $3.39 |
| 200-Day MA | $5.29 |
| Avg Volume | 1.7M |
| Beta | 3.0 |
|
52-Week Range
$2.30
| |
About ASPEN AEROGELS INC (ASPN)
Aspen Aerogels, Inc., an aerogel technology company, designs, develops, manufactures, and sells aerogel materials primarily for use in the energy industrial, sustainable insulation materials, and electric vehicle (EV) markets in the United States, Canada, Asia, Europe, and Latin America. It operates through two segments: Thermal Barrier and Energy Industrial. The company offers PyroThin aerogel thermal barriers for use in battery packs in EVs; Pyrogel XTE for refineries and petrochemical facilities; Pyrogel HPS for high temperatures and in demanding thermal applications in refining and chemical processing systems; Pyrogel XTF for protection against fire; Cryogel Z for sub-ambient and cryogenic applications; Spaceloft Subsea for pipe-in-pipe applications in offshore oil production; and Cryogel X201 for cold system designs. It serves EV manufacturers, automotive suppliers, lithium-ion battery manufacturers, and e-mobility and energy storage companies. The company was founded in 2001 and is headquartered in Northborough, Massachusetts.
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Frequently Asked Questions
Is ASPEN AEROGELS INC (ASPN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ASPEN AEROGELS INC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ASPEN AEROGELS INC's debt ratio?
ASPEN AEROGELS INC's debt ratio is 74.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 22.1%.
What are ASPEN AEROGELS INC's key financial metrics?
ASPEN AEROGELS INC has a market capitalization of $273M, and revenue of $271M. The company maintains a gross margin of 17.0% and a net margin of -143.7%. Return on equity stands at -91.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.