Two Harbors Investment Corp. (TWO)

Two Harbors Investment Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 22, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	1,157	1,100	1,227	1,438	1,363	1,984
Market Cap Growth	0.80%	-10.28%	-14.69%	5.48%	-31.31%	13.82%
Enterprise Value	8,631	2,075	2,088	2,615	2,674	3,509
Last Close Price	11.01	10.50	11.83	13.93	15.77	23.08
PE Ratio	-	-2.15	4.99	-8.71	7.40	13.42
Forward PE	10.85	7.40	6.93	7.49	6.91	6.96
PEG Ratio	-	1.85	1.85	1.85	1.85	1.85
PS Ratio	3.13	1.33	1.01	2.08	0.90	3.11
PB Ratio	0.97	0.62	0.58	0.65	0.62	0.72
P/TBV Ratio	0.64	0.61	0.63	0.61	0.69	0.63
P/FCF Ratio	-	12.38	6.10	4.19	2.19	4.69
P/OCF Ratio	13.01	12.38	6.10	4.19	2.19	4.69
EV/Sales Ratio	23.33	2.51	1.72	3.78	1.76	5.50
EV/FCF Ratio	-	23.33	10.39	7.61	4.29	8.28
Debt / Equity Ratio	0.21	0.21	0.12	0.26	0.31	0.30
Debt / FCF Ratio	4.19	4.19	1.30	1.64	1.09	1.94
Net Debt / Equity Ratio	0.21	0.21	0.12	0.26	0.31	0.30
Net Debt / FCF Ratio	4.19	4.19	1.30	1.64	1.09	1.94
Asset Turnover	0.07	0.07	0.10	0.05	0.12	0.04
Return on Equity (ROE)	24.43%	-23.24%	13.79%	-4.85%	8.94%	-6.42%
Earnings Yield	-43.96%	-46.48%	20.03%	-11.49%	13.51%	7.45%
FCF Yield	-	8.08%	16.39%	23.89%	45.74%	21.34%
Dividend Yield	12.35%	15.63%	15.32%	14.83%	17.32%	11.26%
Payout Ratio	-	-33.69%	74.57%	-130.02%	126.01%	150.26%
Buyback Yield / Dilution	7.94%	7.94%	-18.21%	0.42%	-28.94%	-8.93%
Total Shareholder Return	20.29%	23.57%	-2.89%	15.25%	-11.62%	2.33%

Updated Feb 2, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q