TWO HARBORS INVESTMENT CORP.
TWONYSE
$12.09
↓ -0.1%Jul 17 close · end-of-day
Price
1Y↑ +35.2%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$1.3B
Enterprise Value
$9.1B
P/E
—
P/S
—
P/B
0.7
EV/EBITDA
—
PEG
—
FCF Yield
—
Dividend Yield
11.7%
Revenue (TTM)
—
Net Income (TTM)
-$343.0M
Free Cash Flow (TTM)
—
Gross Margin
—
Operating Margin
—
Net Margin
—
ROE
-19.8%
ROIC
—
Debt / Equity
4.8
Net Cash
-$7.8B
Return 1Y
+37.0%
Company profile
Two Harbors Investment Corp. focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS) The company qualifies as a REIT for federal income tax purposes. The company must distribute at least 90% of annual taxable income to its stockholders.
- CEO
- William Greenberg
- Sector
- Finance, Insurance, And Real Estate
- Industry
- Trading
- Employees
- 100
- Headquarters
- Minnesota
- Website
- twoharborsinvestment.com
Management & directors
- Halm JillianChief Accounting Officer
- Boucher NathanEVP General Counsel RoundPoint
- Campbell James DEVP Servicing Ops RoundPoint
- Dellal WilliamChief Financial Officer
- Hanson AleciaChief Administrative Officer
- Letica NicholasChief Investment Officer
- Rush RobertChief Risk Officer
- Sandberg Rebecca BChief Legal Officer
- Greenberg William RossChief Executive Officer
Roles derived from SEC Form 4 filings.
Earnings
TWO Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue——
Diluted EPS$0.18↓ -120.2%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | -$1.6B | $187.2M | $220.2M | -$106.4M | $298.2M | -$454.3M |
| Diluted EPS | -$24.94 | $1.72 | $2.13 | -$1.60 | $2.37 | -$4.88 |
| Operating cash flow | $631.6M | $423.5M | $623.4M | $343.5M | $201.0M | $88.9M |
| Free cash flow | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — |
| Net margin | — | — | — | — | — | — |
| Line item | Q3 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q3 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| Net income | $56.3M | -$238.5M | $276.7M | -$79.1M | -$259.0M | -$127.9M | $11.7M | $32.3M |
| Diluted EPS | $0.43 | -$2.42 | $2.63 | -$0.89 | -$2.62 | -$1.36 | -$0.01 | $0.18 |
| Operating cash flow | $143.7M | $87.1M | -$21.1M | $111.9M | $99.1M | -$239.2M | $117.1M | $56.6M |
| Free cash flow | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | — | — | — | — | — | — | — | — |
Company news
Jul 15, 2026
Jul 11, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-05-15 | KASNET STEPHEN G | Sale | 7,034 | $12.57 | $88,417.38 | filing |
| 2026-05-15 | Abraham Spencer | Sale | 4,522 | $12.58 | $56,864.15 | filing |
| 2026-01-15 | Halm Jillian· Chief Accounting Officer | Sale | 379 | $13.18 | $4,995.22 | filing |
| 2026-01-12 | Halm Jillian· Chief Accounting Officer | Sale | 1,744 | $12.25 | $21,364.00 | filing |
| 2026-01-12 | Campbell James D· EVP Servicing Ops RoundPoint | Sale | 1,692 | $12.39 | $20,963.88 | filing |
| 2026-01-12 | BOUCHER NATHAN· EVP General Counsel RoundPoint | Sale | 666 | $12.25 | $8,158.50 | filing |
| 2026-01-12 | Halm Jillian· Chief Accounting Officer | Award | 1,847 | $0.00 | $0.00 | filing |
| 2026-01-09 | BOUCHER NATHAN· EVP General Counsel RoundPoint | Sale | 601 | $12.37 | $7,434.37 | filing |
| 2026-01-07 | Campbell James D· EVP Servicing Ops RoundPoint | Award | 24,089 | $0.00 | $0.00 | filing |
| 2026-01-07 | Sandberg Rebecca B· Chief Legal Officer | Award | 81,699 | $0.00 | $0.00 | filing |
| 2026-01-07 | RUSH ROBERT· Chief Risk Officer | Award | 44,351 | $0.00 | $0.00 | filing |
| 2026-01-07 | LETICA NICHOLAS· Chief Investment Officer | Award | 151,727 | $0.00 | $0.00 | filing |
| 2026-01-07 | HANSON ALECIA· Chief Administrative Officer | Award | 32,679 | $0.00 | $0.00 | filing |
| 2026-01-07 | Halm Jillian· Chief Accounting Officer | Award | 9,337 | $0.00 | $0.00 | filing |
| 2026-01-07 | Dellal William· Chief Financial Officer | Award | 46,685 | $0.00 | $0.00 | filing |
| 2026-01-07 | BOUCHER NATHAN· EVP General Counsel RoundPoint | Award | 14,705 | $0.00 | $0.00 | filing |
| 2025-12-30 | GREENBERG WILLIAM ROSS· Chief Executive Officer | Tax withholding | 154,593 | $11.32 | $1.7M | filing |
| 2025-12-22 | Dellal William· Chief Financial Officer | Sale | 7,087 | $11.44 | $81,099.38 | filing |
| 2025-12-19 | GREENBERG WILLIAM ROSS· Chief Executive Officer | Sale | 103,893 | $11.42 | $1.2M | filing |
| 2025-12-19 | LETICA NICHOLAS· Chief Investment Officer | Sale | 55,488 | $11.42 | $633,722.90 | filing |
| 2025-12-19 | Sandberg Rebecca B· Chief Legal Officer | Sale | 27,370 | $11.43 | $312,787.10 | filing |
| 2025-12-19 | RUSH ROBERT· Chief Risk Officer | Sale | 23,594 | $11.43 | $269,561.45 | filing |
| 2025-12-19 | HANSON ALECIA· Chief Administrative Officer | Sale | 10,768 | $11.41 | $122,913.49 | filing |
| 2025-12-18 | GREENBERG WILLIAM ROSS· Chief Executive Officer | Award | 309,187 | $0.00 | $0.00 | filing |
| 2025-12-17 | GREENBERG WILLIAM ROSS· Chief Executive Officer | Award | 103,948 | $0.00 | $0.00 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.