Is Great Lakes Dredge & Dock CORP (GLDD) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 39.7% / 30% | 1.2% / 30% | 13.1% / 30% | 0.95% / 5% | ✗ NOT HALAL |
| DJIM | 39.7% / 33% | 1.2% / 33% | 13.1% / 33% | 0.95% / 5% | ✗ NOT HALAL |
| MSCI | 35.6% / 33% | 1.0% / 33% | 11.8% / 33% | 0.95% / 5% | ✗ NOT HALAL |
| S&P | 39.7% / 33% | 1.2% / 33% | 13.1% / 33% | 0.95% / 5% | ✗ NOT HALAL |
| FTSE | 35.6% / 33% | 1.0% / 33% | 11.8% / 50% | 0.95% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 22.9% | |
| Operating Margin | 11.8% | |
| Net Margin | 8.3% | |
| Return on Equity (ROE) | 15.2% | |
| Return on Assets (ROA) | 6.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $247M |
| Free Cash Flow | $99M |
| Total Debt | $458M |
| Debt-to-Equity | 88.6 |
| Current Ratio | 1.0 |
| Total Assets | $1.3B |
Price & Trading
| Last Close | $16.97 |
| 50-Day MA | $16.33 |
| 200-Day MA | $13.11 |
| Avg Volume | 1.6M |
| Beta | 1.4 |
|
52-Week Range
$7.51
| |
About Great Lakes Dredge & Dock CORP (GLDD)
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company offers capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It is also involved in coastal protection projects comprising moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. In addition, the company operates hydraulic dredges, hopper dredges, mechanical dredges, scows, and multi cats equipment. It serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns comprising utilities, oil and gas, and other energy companies. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.
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Frequently Asked Questions
Is Great Lakes Dredge & Dock CORP (GLDD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Great Lakes Dredge & Dock CORP 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 Great Lakes Dredge & Dock CORP's debt ratio?
Great Lakes Dredge & Dock CORP's debt ratio is 39.7% 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 35.6%.
What are Great Lakes Dredge & Dock CORP's key financial metrics?
Great Lakes Dredge & Dock CORP has a market capitalization of $1.1B, trailing P/E ratio of 15.7, and revenue of $888M. The company maintains a gross margin of 22.9% and a net margin of 8.3%. Return on equity stands at 15.2%.
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.