← TWO HARBORS INVESTMENT CORP. TWO
Market Price
$12.02
Market Cap
$1.26B
P/E Ratio
N/A
Revenue (FY 2025)
↓-18.5% YoY
$496.14M
3-Yr CAGR: 137.3%
Net Income
↓-252.4% YoY
-$454.30M
Net Margin: -91.6%
Free Cash Flow
-$25.21M
FCF Yield: -2.00%
EPS (Diluted)
↓-305.9% YoY
$-4.88
Basic: $-4.88
Return on Equity
Efficiency
-14.7%
ROA: -4.2%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (TWO)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $411.6M | — | $189.7M | $353.3M | — | $1.01 | — | $239.7M | — | — |
| FY 2017 | $394.9M | -4.1% | $44.7M | $348.6M | -1.3% | $1.81 | +79.2% | $606.8M | — | — |
| FY 2018 | $350.4M | -11.3% | $3.0M | $-44.3M | -112.7% | $-0.53 | -129.3% | $702.9M | — | — |
| FY 2019 | $280.4M | -20.0% | $0.3M | $324.0M | +831.5% | $0.93 | +275.5% | $1,056.6M | — | — |
| FY 2020 | $243.8M | -13.0% | $1.4M | $-1,630.1M | -603.2% | $-6.24 | -771.0% | $631.6M | — | — |
| FY 2021 | $79.4M | -67.4% | $3.8M | $187.2M | +111.5% | $0.43 | +106.9% | $423.5M | $-318.6M | — |
| FY 2022 | $37.1M | -53.2% | $0.0M | $220.2M | +17.6% | $2.13 | +395.3% | $623.4M | $-6.4M | +98.0% |
| FY 2023 | $648.3M | +1,645.4% | $5.1M | $-106.4M | -148.3% | $-1.60 | -175.1% | $343.5M | $30.9M | +581.8% |
| FY 2024 | $609.0M | -6.1% | $1.2M | $298.2M | +380.3% | $2.37 | +248.1% | $201.0M | $86.9M | +181.4% |
| FY 2025 | $496.1M | -18.5% | $5.2M | $-454.3M | -252.4% | $-4.88 | -305.9% | $88.9M | — | — |
Valuation
Market Price
$12.02
Market Cap
$1.26B
Enterprise Value
$8.98B
P/E Ratio
N/A
P/B Ratio
0.41
FCF Yield
-2.00%
Dividend Yield
12.65%
Shares Outstanding
Profitability & Margins
Gross Margin
1.05%
Operating Margin
1.05%
Net Margin
-91.57%
Return on Equity (ROE)
-14.71%
Return on Assets (ROA)
-4.18%
Asset Turnover
0.05x
Revenue 3-Yr CAGR
137.27%
Financial Health & Liquidity
Current Ratio
N/A
Cash Ratio
34.05
Debt / Equity
2.770
Debt / Assets
0.788
Cash & Equivalents
$842.32M
Total Debt
$8.56B
Book Value / Share
$29.41
Cash Flow Efficiency
Operating Cash Flow
$88.92M
Capital Expenditures (CapEx)
$114.12M
Free Cash Flow
-$25.21M
OCF / Revenue
17.92%
FCF / Revenue
-5.08%
FCF 3-Yr CAGR
N/A
Per Share Metrics
EPS (Diluted)
$-4.88
EPS (Basic)
$-4.88
Dividends / Share
$1.52
Book Value / Share
$29.41
EPS YoY Growth
-305.91%
Balance Sheet (FY 2025)
Total Assets
$10.86B
Total Liabilities
$92.47M
Stockholders' Equity
$3.09B
Current Assets
N/A
Current Liabilities
$24.74M