Two Harbors Investment Statistics
Total Valuation
TWO has a market cap or net worth of $1.32 billion. The enterprise value is $8.90 billion.
Important Dates
The last earnings date was Tuesday, April 28, 2026, after market close.
| Earnings Date | Apr 28, 2026 |
| Ex-Dividend Date | Apr 2, 2026 |
Share Statistics
TWO has 105.05 million shares outstanding. The number of shares has increased by 0.61% in one year.
| Current Share Class | 105.05M |
| Shares Outstanding | 105.05M |
| Shares Change (YoY) | +0.61% |
| Shares Change (QoQ) | +58.98% |
| Owned by Insiders (%) | 1.02% |
| Owned by Institutions (%) | 71.73% |
| Float | 103.93M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | 10.59 |
| PS Ratio | 2.67 |
| Forward PS | n/a |
| PB Ratio | 1.18 |
| P/TBV Ratio | 1.17 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | 39.32 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | n/a |
| EV / Sales | 18.02 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 0.21, with a Debt / Equity ratio of 4.79.
| Current Ratio | 0.21 |
| Quick Ratio | 0.16 |
| Debt / Equity | 4.79 |
| Debt / EBITDA | n/a |
| Debt / FCF | n/a |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is -17.69% and return on invested capital (ROIC) is 0.55%.
| Return on Equity (ROE) | -17.69% |
| Return on Assets (ROA) | -2.83% |
| Return on Invested Capital (ROIC) | 0.55% |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 1.37% |
| Revenue Per Employee | $1.02M |
| Profits Per Employee | -$816,280 |
| Employee Count | 486 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, TWO has paid $12.51 million in taxes.
| Income Tax | 12.51M |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has increased by +7.65% in the last 52 weeks. The beta is 1.04, so TWO's price volatility has been similar to the market average.
| Beta (5Y) | 1.04 |
| 52-Week Price Change | +7.65% |
| 50-Day Moving Average | 10.93 |
| 200-Day Moving Average | 10.57 |
| Relative Strength Index (RSI) | 75.64 |
| Average Volume (20 Days) | 2,482,985 |
Short Selling Information
The latest short interest is 4.68 million, so 4.46% of the outstanding shares have been sold short.
| Short Interest | 4.68M |
| Short Previous Month | 8.27M |
| Short % of Shares Out | 4.46% |
| Short % of Float | 4.51% |
| Short Ratio (days to cover) | 0.98 |
Income Statement
In the last 12 months, TWO had revenue of $493.78 million and -$396.71 million in losses. Loss per share was -$3.80.
| Revenue | 493.78M |
| Gross Profit | 482.40M |
| Operating Income | 55.58M |
| Pretax Income | -330.45M |
| Net Income | -396.71M |
| EBITDA | n/a |
| EBIT | n/a |
| Loss Per Share | -$3.80 |
Full Income StatementBalance Sheet
The company has $718.38 million in cash and $8.30 billion in debt, with a net cash position of -$7.58 billion or -$72.15 per share.
| Cash & Cash Equivalents | 718.38M |
| Total Debt | 8.30B |
| Net Cash | -7.58B |
| Net Cash Per Share | -$72.15 |
| Equity (Book Value) | 1.73B |
| Book Value Per Share | 10.76 |
| Working Capital | -6.01B |
Full Balance SheetCash Flow
| Operating Cash Flow | 33.58M |
| Capital Expenditures | n/a |
| Depreciation & Amortization | n/a |
| Net Borrowing | -2.66B |
| Free Cash Flow | n/a |
| FCF Per Share | n/a |
Full Cash Flow StatementMargins
Gross margin is 97.70%, with operating and profit margins of 11.26% and -69.46%.
| Gross Margin | 97.70% |
| Operating Margin | 11.26% |
| Pretax Margin | -66.92% |
| Profit Margin | -69.46% |
| 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 10.80%.
| Dividend Per Share | $1.36 |
| Dividend Yield | 10.80% |
| Dividend Growth (YoY) | -21.67% |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | -0.61% |
| Shareholder Yield | 10.14% |
| Earnings Yield | -30.04% |
| FCF Yield | n/a |
Dividend DetailsAnalyst Forecast
The average price target for TWO is $12.33, which is -1.83% lower than the current price. The consensus rating is "Hold".
| Price Target | $12.33 |
| Price Target Difference | -1.83% |
| Analyst Consensus | Hold |
| Analyst Count | 6 |
| 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 |
