Two Harbors Investment Corp. (TWO)

NYSE: TWO · Real-Time Price · USD

12.05

+0.01 (0.08%)

At close: Aug 21, 2026, 4:00 PM EDT

12.20

+0.15 (1.24%)

After-hours: Aug 21, 2026, 7:41 PM EDT

Two Harbors Investment Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	640.21	370.01	593.25	236.69	75.92	456.41
Revenue Growth	179.65%	-37.63%	150.64%	211.75%	-83.36%	-
Operating Income	197.75	-59.29	345.27	-84.29	325.25	191.42
Net Income	-75.11	-508.4	249.98	-153.23	185.58	128.04
Earnings Per Share	-0.72	-4.88	2.37	-1.60	2.13	1.72
EPS Growth	-	-	-	-	24.03%	-

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	849	1,087	870.7	1,099	1,777	1,369
Total Debt	6,620	8,561	9,112	9,935	10,436	8,952
Net Cash (Debt)	-5,771	-7,474	-8,242	-8,836	-8,660	-7,584
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-55.20	-71.79	-72.88	-92.35	-90.13	-101.78

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	127.22	88.92	201	343.51	623.4	423.51
Free Cash Flow	127.22	88.92	201	343.51	623.4	423.51
Free Cash Flow Growth	-54.08%	-55.76%	-41.48%	-44.90%	47.20%	-32.95%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Margin	30.89%	-16.02%	58.20%	-35.61%	428.40%	41.94%
Pretax Margin	-0.76%	-120.38%	58.11%	-35.23%	427.34%	41.94%
Profit Margin	-11.73%	-137.40%	42.14%	-64.74%	244.43%	28.05%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 23, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	1.360	1.520	1.800	1.950	2.640	2.720
Dividend Per Share Growth	-21.84%	-15.56%	-7.69%	-26.14%	-2.94%	36.00%
Dividend Yield	11.29%	15.86%	19.25%	20.29%	28.10%	22.22%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 23, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	4.91	-	7.34	15.50
Forward PE	9.23	7.40	6.93	7.49	6.91	6.96
PS Ratio	1.98	2.96	2.07	5.66	17.94	4.35