Two Harbors Investment Statistics
Total Valuation
TWO has a market cap or net worth of $1.01 billion. The enterprise value is $8.39 billion.
Important Dates
The last earnings date was Monday, October 27, 2025, after market close.
| Earnings Date | Oct 27, 2025 |
| Ex-Dividend Date | Oct 3, 2025 |
Share Statistics
TWO has 104.16 million shares outstanding. The number of shares has increased by 1.90% in one year.
| Current Share Class | 104.16M |
| Shares Outstanding | 104.16M |
| Shares Change (YoY) | +1.90% |
| Shares Change (QoQ) | +0.06% |
| Owned by Insiders (%) | 0.75% |
| Owned by Institutions (%) | 70.43% |
| Float | 103.33M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | 6.90 |
| PS Ratio | 1.88 |
| Forward PS | n/a |
| PB Ratio | 0.86 |
| P/TBV Ratio | 0.87 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | n/a |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | n/a |
| EV / Sales | 15.76 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 0.25, with a Debt / Equity ratio of 4.76.
| Current Ratio | 0.25 |
| Quick Ratio | 0.22 |
| Debt / Equity | 4.76 |
| Debt / EBITDA | n/a |
| Debt / FCF | n/a |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is -9.61%.
| Return on Equity (ROE) | -9.61% |
| Return on Assets (ROA) | -1.59% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Revenue Per Employee | $1.12M |
| Profits Per Employee | -$508,629 |
| Employee Count | 477 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, TWO has paid $34.17 million in taxes.
| Income Tax | 34.17M |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has decreased by -18.01% in the last 52 weeks. The beta is 1.23, so TWO's price volatility has been higher than the market average.
| Beta (5Y) | 1.23 |
| 52-Week Price Change | -18.01% |
| 50-Day Moving Average | 9.85 |
| 200-Day Moving Average | 11.13 |
| Relative Strength Index (RSI) | 50.52 |
| Average Volume (20 Days) | 1,580,870 |
Short Selling Information
The latest short interest is 9.76 million, so 9.37% of the outstanding shares have been sold short.
| Short Interest | 9.76M |
| Short Previous Month | 7.47M |
| Short % of Shares Out | 9.37% |
| Short % of Float | 9.44% |
| Short Ratio (days to cover) | 5.21 |
Income Statement
In the last 12 months, TWO had revenue of $532.21 million and -$242.62 million in losses. Loss per share was -$2.33.
| Revenue | 532.21M |
| Gross Profit | 518.29M |
| Operating Income | 228.15M |
| Pretax Income | -155.12M |
| Net Income | -242.62M |
| EBITDA | n/a |
| EBIT | n/a |
| Loss Per Share | -$2.33 |
Full Income StatementBalance Sheet
The company has $1.06 billion in cash and $8.44 billion in debt, giving a net cash position of -$7.37 billion or -$70.80 per share.
| Cash & Cash Equivalents | 1.06B |
| Total Debt | 8.44B |
| Net Cash | -7.37B |
| Net Cash Per Share | -$70.80 |
| Equity (Book Value) | 1.77B |
| Book Value Per Share | 11.24 |
| Working Capital | -5.38B |
Full Balance SheetCash Flow
| Operating Cash Flow | -49.27M |
| Capital Expenditures | n/a |
| Free Cash Flow | n/a |
| FCF Per Share | n/a |
Full Cash Flow StatementMargins
Gross margin is 97.38%, with operating and profit margins of 42.87% and -35.57%.
| Gross Margin | 97.38% |
| Operating Margin | 42.87% |
| Pretax Margin | -29.15% |
| Profit Margin | -35.57% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | n/a |
Dividends & Yields
This stock pays an annual dividend of $1.36, which amounts to a dividend yield of 13.96%.
| Dividend Per Share | $1.36 |
| Dividend Yield | 13.96% |
| Dividend Growth (YoY) | -9.44% |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | -1.90% |
| Shareholder Yield | 12.06% |
| Earnings Yield | -23.92% |
| FCF Yield | n/a |
Dividend DetailsAnalyst Forecast
The average price target for TWO is $12.43, which is 27.62% higher than the current price. The consensus rating is "Buy".
| Price Target | $12.43 |
| Price Target Difference | 27.62% |
| Analyst Consensus | Buy |
| Analyst Count | 8 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsFair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | n/a |
| Lynch Upside | n/a |
| Graham Number | n/a |
| Graham Upside | n/a |
Stock Splits
The last stock split was on November 2, 2022. It was a reverse split with a ratio of 1:4.
| Last Split Date | Nov 2, 2022 |
| Split Type | Reverse |
| Split Ratio | 1:4 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 4 |
