Two Harbors Investment Statistics
Total Valuation
TWO has a market cap or net worth of $1.27 billion. The enterprise value is $7.04 billion.
| Market Cap | 1.27B |
| Enterprise Value | 7.04B |
Important Dates
The last earnings date was Tuesday, July 28, 2026, after market close.
| Earnings Date | Jul 28, 2026 |
| Ex-Dividend Date | Jul 2, 2026 |
Share Statistics
TWO has 105.13 million shares outstanding. The number of shares has increased by 0.69% in one year.
| Current Share Class | 105.13M |
| Shares Outstanding | 105.13M |
| Shares Change (YoY) | +0.69% |
| Shares Change (QoQ) | +0.10% |
| Owned by Insiders (%) | 0.97% |
| Owned by Institutions (%) | 81.18% |
| Float | 96.21M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | 9.23 |
| PS Ratio | 1.98 |
| Forward PS | n/a |
| PB Ratio | 1.11 |
| P/TBV Ratio | 1.11 |
| P/FCF Ratio | 9.96 |
| P/OCF Ratio | 9.96 |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | n/a |
| EV / Sales | 10.99 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 55.32 |
Financial Position
The company has a current ratio of 0.22, with a Debt / Equity ratio of 3.79.
| Current Ratio | 0.22 |
| Quick Ratio | 0.18 |
| Debt / Equity | 3.79 |
| Debt / EBITDA | n/a |
| Debt / FCF | 52.04 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is -1.19% and return on invested capital (ROIC) is 2.15%.
| Return on Equity (ROE) | -1.19% |
| Return on Assets (ROA) | -0.20% |
| Return on Invested Capital (ROIC) | 2.15% |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 1.61% |
| Revenue Per Employee | $1.32M |
| Profits Per Employee | -$154,539 |
| Employee Count | 486 |
| Asset Turnover | 0.06 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, TWO has paid $16.80 million in taxes.
| Income Tax | 16.80M |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has increased by +18.95% in the last 52 weeks. The beta is 1.05, so TWO's price volatility has been similar to the market average.
| Beta (5Y) | 1.05 |
| 52-Week Price Change | +18.95% |
| 50-Day Moving Average | 12.14 |
| 200-Day Moving Average | 11.39 |
| Relative Strength Index (RSI) | 47.54 |
| Average Volume (20 Days) | 3,488,716 |
Short Selling Information
The latest short interest is 4.34 million, so 4.13% of the outstanding shares have been sold short.
| Short Interest | 4.34M |
| Short Previous Month | 3.55M |
| Short % of Shares Out | 4.13% |
| Short % of Float | 4.51% |
| Short Ratio (days to cover) | 1.71 |
Income Statement
In the last 12 months, TWO had revenue of $640.21 million and -$75.11 million in losses. Loss per share was -$0.72.
| Revenue | 640.21M |
| Gross Profit | 628.01M |
| Operating Income | 197.75M |
| Pretax Income | -4.88M |
| Net Income | -75.11M |
| EBITDA | n/a |
| EBIT | n/a |
| Loss Per Share | -$0.72 |
Balance Sheet
The company has $849.00 million in cash and $6.62 billion in debt, with a net cash position of -$5.77 billion or -$54.89 per share.
| Cash & Cash Equivalents | 849.00M |
| Total Debt | 6.62B |
| Net Cash | -5.77B |
| Net Cash Per Share | -$54.89 |
| Equity (Book Value) | 1.74B |
| Book Value Per Share | 10.88 |
| Working Capital | -4.59B |
Cash Flow
| Operating Cash Flow | 127.22M |
| Capital Expenditures | n/a |
| Depreciation & Amortization | n/a |
| Net Borrowing | -3.56B |
| Free Cash Flow | 127.22M |
| FCF Per Share | $1.21 |
Margins
Gross margin is 98.09%, with operating and profit margins of 30.89% and -3.39%.
| Gross Margin | 98.09% |
| Operating Margin | 30.89% |
| Pretax Margin | -0.76% |
| Profit Margin | -3.39% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 19.87% |
Dividends & Yields
This stock pays an annual dividend of $1.36, which amounts to a dividend yield of 11.29%.
| Dividend Per Share | $1.36 |
| Dividend Yield | 11.29% |
| Dividend Growth (YoY) | -21.84% |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | -0.69% |
| Shareholder Yield | 10.60% |
| Earnings Yield | -5.93% |
| FCF Yield | 10.04% |
Analyst Forecast
The average price target for TWO is $11.91, which is -1.16% lower than the current price. The consensus rating is "Hold".
| Price Target | $11.91 |
| Price Target Difference | -1.16% |
| Analyst Consensus | Hold |
| Analyst Count | 8 |
| Revenue Growth Forecast (3Y) | n/a |
| EPS Growth Forecast (3Y) | n/a |
Fair 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 | 5 |