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Two Harbors Investment Corp TWO

Set alert

Price alert · TWO

All alert types
12.18 USD +0.13 +1.08%

At close · Aug 24

12.42 +0.24 +1.97%

After hours · Aug 24, 4:00 PM ET

Bid
12.39 × 35,400
Ask
12.41 × 14,700
12.17 Day range 12.19
8.78 52-week range 14.17
YTD
+16.00%
1 year
+13.83%
Open
12.18
Prev close
12.05
Mkt cap
1.28B
Vol
19.38M
Avg vol
2.29M
EPS
-0.74
P/E
13.54
Div yield
4.05%
More statistics
Low
12.17
High
12.19
Forward P/E
10.34
Beta
1.05
Short ratio
1.71
Inst. own
87.72%
Dividend
1.36
Ex-div date
Aug 23, 2026
Earnings
Oct 26, 2026
50-d avg
12.14
200-d avg
11.40
1y target
11.91

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Financial health

Altman Z-Score

-1.06 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

Valuation

P/E -2.4×
FY 2016: 7.1×FY 2017: 8.7×FY 2018: -59.7×FY 2019: 15.7×FY 2020: -1.1×FY 2021: 13.4×FY 2022: 7.3×FY 2023: -8.7×FY 2024: 4.9×FY 2025: -2.4×
FY 2016 5y median 4.9× FY 2025
P/S 1.8×
FY 2016: 5.0×FY 2017: 3.3×FY 2018: 3.7×FY 2019: 2.1×FY 2020: -2.0×FY 2021: -12.0×FY 2022: 120×FY 2023: 2.1×FY 2024: 1.4×FY 2025: 1.8×
FY 2016 5y median 1.8× FY 2025
P/B 0.6×
FY 2016: 0.7×FY 2017: 0.8×FY 2018: 0.6×FY 2019: 0.8×FY 2020: 0.6×FY 2021: 0.6×FY 2022: 0.7×FY 2023: 0.6×FY 2024: 0.6×FY 2025: 0.6×
FY 2016 5y median 0.6× FY 2025
P/FCF -72.6×
FY 2016: -31.8×FY 2017: 22.9×FY 2018: -9.7×FY 2019: 8.8×FY 2020: 190×FY 2021: -5.4×FY 2022: -236×FY 2023: 43.2×FY 2024: 14.1×FY 2025: -72.6×
FY 2016 5y median -5.4× FY 2025
EV/EBITDA 194×
FY 2016: 16.9×FY 2017: 6.0×FY 2018: 7.1×FY 2019: 4.4×FY 2020: -1.0×FY 2021: 33.4×FY 2022: 19.3×FY 2023: 18.8×FY 2024: 10.3×FY 2025: 194×
FY 2016 5y median 19.3× FY 2025
EV/Sales 14.5×
FY 2016: 18.4×FY 2017: 4.7×FY 2018: 5.2×FY 2019: 2.4×FY 2020: -1.5×FY 2021: -66.2×FY 2022: 891×FY 2023: 16.4×FY 2024: 11.6×FY 2025: 14.5×
FY 2016 5y median 14.5× FY 2025
FCF Yield -1.4%
FY 2016: -3.1%FY 2017: 4.4%FY 2018: -10.3%FY 2019: 11.3%FY 2020: 0.5%FY 2021: -18.5%FY 2022: -0.4%FY 2023: 2.3%FY 2024: 7.1%FY 2025: -1.4%
FY 2016 5y median -0.4% FY 2025

Profitability

Gross Margin 97.9%
FY 2016: 85.2%FY 2017: 90.9%FY 2018: 87.1%FY 2019: 92.9%FY 2020: 114.6%FY 2021: 160.4%FY 2022: -646.6%FY 2023: 88.4%FY 2024: 104.5%FY 2025: 97.9%
FY 2016 5y median 97.9% FY 2025
Operating Margin 68.7%
FY 2016: 67.2%FY 2017: 77.4%FY 2018: 86.5%FY 2019: 54.7%FY 2020: 159.9%FY 2021: -196.3%FY 2022: 4623.6%FY 2023: 87.4%FY 2024: 112.4%FY 2025: 68.7%
FY 2016 5y median 87.4% FY 2025
Net Margin -75.0%
FY 2016: 70.8%FY 2017: 41.6%FY 2018: -6.3%FY 2019: 17.1%FY 2020: 189.0%FY 2021: -131.0%FY 2022: 1747.1%FY 2023: -16.6%FY 2024: 35.3%FY 2025: -75.0%
FY 2016 5y median -16.6% FY 2025
ROE -25.4%
FY 2016: 10.4%FY 2017: 9.8%FY 2018: -1.0%FY 2019: 6.5%FY 2020: -52.8%FY 2021: 6.8%FY 2022: 10.1%FY 2023: -4.8%FY 2024: 14.0%FY 2025: -25.4%
FY 2016 5y median 6.8% FY 2025
ROIC 4.0%
FY 2016: 1.2%FY 2017: 1.4%FY 2018: 1.1%FY 2019: 1.6%FY 2020: -4.2%FY 2021: 2.3%FY 2022: 3.1%FY 2023: 4.5%FY 2024: 7.2%FY 2025: 4.0%
FY 2016 5y median 4.0% FY 2025
ROA -4.2%
FY 2016: 1.8%FY 2017: 1.4%FY 2018: -0.1%FY 2019: 0.9%FY 2020: -8.4%FY 2021: 1.5%FY 2022: 1.6%FY 2023: -0.8%FY 2024: 2.4%FY 2025: -4.2%
FY 2016 5y median 1.5% FY 2025

Growth (YoY)

Revenue -28.4%
FY 2016: -31.9%FY 2017: 68.1%FY 2018: -15.6%FY 2019: 168.1%FY 2020: -145.4%FY 2021: 83.4%FY 2022: 108.8%FY 2023: 4980.8%FY 2024: 32.1%FY 2025: -28.4%
FY 2016 FY 2025
Operating Income -56.3%
FY 2016: -29.6%FY 2017: 93.6%FY 2018: -5.6%FY 2019: 69.6%FY 2020: -232.7%FY 2021: 120.3%FY 2022: 107.7%FY 2023: -3.9%FY 2024: 69.9%FY 2025: -56.3%
FY 2016 FY 2025
EPS (diluted) -284.0%
FY 2016: -25.2%FY 2017: -10.4%FY 2018: -111.9%FY 2019: 532.6%FY 2020: -740.6%FY 2021: 107.2%FY 2022: 23.8%FY 2023: -175.1%FY 2024: 248.1%FY 2025: -284.0%
FY 2016 FY 2025
Free Cash Flow -117.3%
FY 2016: 96.2%FY 2017: 257.0%FY 2018: -323.2%FY 2019: 262.0%FY 2020: -97.9%FY 2021: -3564.6%FY 2022: 98.0%FY 2023: 581.8%FY 2024: 181.4%FY 2025: -117.3%
FY 2016 FY 2025

Financial Health

Current Ratio 0.1×
FY 2016: 137×FY 2017: 209×FY 2018: 55.8×FY 2019: 72.0×FY 2020: 53.1×FY 2021: 1.1×FY 2022: 0.9×FY 2023: 0.9×FY 2024: 0.9×FY 2025: 0.1×
FY 2016 5y median 0.9× FY 2025
Quick Ratio 0.1×
FY 2016: 137×FY 2017: 209×FY 2018: 55.8×FY 2019: 72.0×FY 2020: 53.1×FY 2021: 1.1×FY 2022: 0.9×FY 2023: 0.9×FY 2024: 0.9×FY 2025: 0.1×
FY 2016 5y median 0.9× FY 2025
Debt / Equity 4.8×
FY 2016: 2.1×FY 2017: 0.4×FY 2018: 0.3×FY 2019: 0.2×FY 2020: 0.3×FY 2021: 3.2×FY 2022: 4.8×FY 2023: 4.5×FY 2024: 4.3×FY 2025: 4.8×
FY 2016 5y median 4.5× FY 2025
Net Debt / EBITDA 170×
FY 2016: 12.3×FY 2017: 1.7×FY 2018: 2.0×FY 2019: 0.6×FY 2020: 0.3×FY 2021: 27.3×FY 2022: 16.7×FY 2023: 16.4×FY 2024: 9.0×FY 2025: 170×
FY 2016 5y median 16.7× FY 2025
Interest Coverage 0.8×
FY 2016: 1.5×FY 2017: 1.9×FY 2018: 1.2×FY 2019: 1.5×FY 2020: -4.9×FY 2021: 3.1×FY 2022: 2.3×FY 2023: 0.9×FY 2024: 1.6×FY 2025: 0.8×
FY 2016 5y median 1.6× FY 2025

Dividends

Dividend Yield 20.3%
FY 2016: 13.4%FY 2017: 15.5%FY 2018: 12.4%FY 2019: 13.8%FY 2020: 15.8%FY 2021: 15.0%FY 2022: 19.2%FY 2023: 18.5%FY 2024: 19.2%FY 2025: 20.3%
FY 2016 5y median 19.2% FY 2025
Payout Ratio -49.0%
FY 2016: 93.9%FY 2017: 125.1%FY 2018: -742.9%FY 2019: 166.4%FY 2020: -16.9%FY 2021: 137.3%FY 2022: 131.8%FY 2023: -231.8%FY 2024: 78.8%FY 2025: -49.0%
FY 2016 5y median 78.8% FY 2025

Annual · latest fiscal year ends 2025-12-31