TWO HARBORS INVESTMENT CORP.
TWODNYSE
$25.69
↓ -0.1%Jul 17 close · end-of-day
Price
1Y↑ +9.1%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$2.7B
Enterprise Value
$10.5B
P/E
—
P/S
—
P/B
1.6
EV/EBITDA
—
PEG
—
FCF Yield
—
Dividend Yield
5.5%
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
+8.5%
Earnings
TWOD 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
Coming soonHeadlines for TWOD will appear here once the news feed is connected.
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
No insider transactions in the last 12 months.
No insider transactions on file.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.