Two Harbors Investment Corp. (TWO)

NYSE: TWO · Real-Time Price · USD

12.09

-0.02 (-0.17%)

At close: Jul 31, 2026, 4:00 PM EDT

12.10

+0.01 (0.08%)

After-hours: Jul 31, 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	1,026	825.23	1,212	692.04	1,521	637.38
Revenue Growth	23.19%	-31.93%	75.19%	-54.50%	138.62%	-
Net Income	-73.71	-507.09	251.68	-152.01	186.78	128.77
Earnings Per Share	-0.74	-4.88	2.37	-1.60	2.13	1.72
EPS Growth	-	-	-	-	23.84%	-

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 & Equivalents	865.07	1,062	817.64	794.83	1,127	2,089
Total Debt	111.35	372.87	260.23	563.85	680.51	821.6
Net Cash (Debt)	-111.35	-372.87	-260.23	-563.85	-680.51	-821.6
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.06	-3.58	-2.30	-5.89	-7.08	-11.03

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
Pretax Margin	-0.48%	-53.98%	28.44%	-12.05%	21.33%	30.03%
Profit Margin	6.40%	-55.05%	24.59%	-15.37%	14.48%	-29.37%
FCF Margin	12.40%	10.77%	16.58%	49.64%	40.99%	66.45%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 2, 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	11.25%	15.63%	15.32%	14.83%	17.32%	11.26%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 2, 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	-	-	4.99	-	7.40	13.42
Forward PE	9.26	7.40	6.93	7.49	6.91	6.96
P/FCF Ratio	-	12.38	6.10	4.19	2.19	4.69
PS Ratio	1.99	1.33	1.01	2.08	0.90	3.11