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Two Harbors Investment Corp

Two Harbors Investment Corp

TWO-PA · NYSE · Real Estate / REIT - Mortgage

25.33USD+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close25.33
Open25.33
Day Range25.33 – 25.33
52-Week Range21.59 – 25.34
Volume0
Market Cap3.21B
P/E (TTM)45.97
Forward P/E0.00
EPS0.551
Dividend Yield8.02%
Beta1.05
50-Day Avg25.17
200-Day Avg24.75

About

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, comprising non-agency securities and non-hedging transactions. It qualifies as a REIT for federal income tax purposes. The company was incorporated in 2009 and is headquartered in Saint Louis Park, Minnesota. As of August 25, 2026, Two Harbors Investment Corp. operates as a subsidiary of CrossCountry Mortgage, LLC.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. William Ross Greenberg Ph.D.
  • Employees486
  • Headquarters1601 Utica Avenue South, Saint Louis Park, MN, United States, 55416, USA
  • Websitehttps://www.twoinv.com

Leadership

  • Mr. William Ross Greenberg Ph.D.President & CEO · b. 1969

Financials

Income Statement

Currency: USD2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.47M4.44M3.20M53.40M264.91M538.88M500.38M591.62M732.02M498.75M838.62M185.73M427.56M-1.56B255.22M12.61M-556.75M845.84M605.61M
Growth (%)-+201.33%-27.92%+1567.82%+396.05%+103.42%-7.14%+18.24%+23.73%-31.87%+68.14%-77.85%+130.21%-465.34%+116.34%-95.06%-4516.55%+251.92%-28.40%
Cost of Revenue--325.65K2.99M14.24M3.46M48.82M76.34M81.12M73.95M76.73M61.14M57.05M66.35M63.80M94.12M115.18M-38.46M12.73M
Gross Profit1.47M4.44M2.88M50.41M250.67M535.41M451.56M515.28M650.90M424.80M761.89M185.73M370.50M-1.63B191.42M-81.51M-671.93M884.29M592.88M
Gross Margin100.00%100.00%89.83%94.40%94.62%99.36%90.24%87.10%88.92%85.17%90.85%100.00%86.66%104.25%75.00%-646.62%120.69%104.55%97.90%
Operating Expense141.00K1.06M11.94M15.34M119.24M279.26M-209.55M421.48M174.65M89.75M113.16M-331.48M60.10M37.44M0-664.36M-542.90M-66.78M177.07M
Operating Income1.33M3.38M-9.06M35.07M131.43M256.15M661.11M93.79M476.25M335.05M648.73M517.20M310.40M-1.67B191.42M582.85M-129.03M951.08M415.81M
Operating Margin90.44%76.15%-283.03%65.67%49.61%47.53%132.12%15.85%65.06%67.18%77.36%278.47%72.60%106.64%75.00%4623.57%23.18%112.44%68.66%
EBITDA1.33M3.15M-8.50M39.49M149.07M319.04M761.53M202.47M619.27M544.80M648.91M517.20M310.40M-1.67B191.42M582.85M-129.03M952.56M45.52M
EBITDA Margin90.44%70.84%-265.32%73.95%56.27%59.20%152.19%34.22%84.60%109.23%77.38%278.47%72.60%106.64%75.00%4623.57%23.18%112.62%7.52%
Net Income714.57K2.06M-8.84M35.76M127.43M291.91M579.04M167.14M492.21M353.28M348.57M-44.29M323.96M-1.63B187.23M220.24M-152.00M298.17M-454.30M
Net Income Margin48.47%46.35%-275.99%66.95%48.10%54.17%115.72%28.25%67.24%70.83%41.56%-23.85%75.77%104.36%73.36%1747.10%27.30%35.25%-75.02%
R&D--1.35M-----00.660.3600.161.931.3425.740.13--
R&D as % of Total Revenue--42.07%-----0.00%0.00%0.00%0.00%0.00%-0.00%0.00%0.00%-0.00%--
Interest Expense00131.00K4.42M22.71M72.11M100.41M107.45M142.19M221.90M350.19M519.67M714.33M281.25M89.17M258.39M643.23M607.81M490.94M
Interest Expense % of Total Revenue0.00%0.00%4.09%8.28%8.57%13.38%20.07%18.16%19.42%44.49%41.76%279.80%167.07%-18.01%34.94%2049.78%-115.53%71.86%81.07%

Balance Sheet

Currency: USD2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets260.30M262.10M538.37M1.80B8.10B16.81B17.17B21.02B14.58B20.11B24.79B30.13B35.92B19.52B12.11B13.47B13.14B12.20B10.86B
Total Liabilities78.20M77.93M416.64M1.41B6.83B13.36B13.32B16.96B11.00B16.71B21.22B25.88B30.95B16.43B9.37B11.28B10.94B10.08B9.07B
Total Equity182.10M184.16M121.72M382.45M1.27B3.45B3.85B4.07B3.58B3.40B3.57B4.25B4.97B3.09B2.74B2.18B2.20B2.12B1.79B
Cash461.48K2.78M26.11M163.90M360.02M301.98M1.03B1.01B737.83M406.88M419.16M409.76M558.14M1.38B1.15B683.48M729.73M504.61M842.32M
Total Debt--411.89M--12.62B12.09B13.05B5.79B7.11B1.52B1.46B1.19B965.62M8.90B10.40B9.91B9.09B8.56B
Net Debt-461.48K-2.78M385.79M-163.90M-360.02M12.32B-385.76M2.70B5.05B6.70B1.10B1.05B631.32M-419.14M7.74B9.72B9.18B8.58B7.71B

Cash Flow

Currency: USD2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.39M1.76M-16.24M33.11M151.64M163.13M-454.67M-764.15M-1.94B239.68M606.78M702.87M1.06B631.60M423.51M623.40M343.51M201.00M88.92M
Investing Cash Flow-259.82M554.15K-245.30M-861.38M-6.33B-6.91B512.76M-2.70B7.99B-5.82B-9.48B4.79B-6.08B14.90B6.31B-2.75B-195.78M895.28M911.61M
Financing Cash Flow258.89M-511284.87M966.07M6.38B7.21B146.29M3.44B-6.32B5.25B9.12B-5.45B5.54B-14.51B-7.30B1.17B-479.40M-1.07B-756.22M
Capital Expenditure00000293.75M499.02M65.70M123.67M317.71M484.26M976.39M613.66M622.41M742.15M629.81M312.64M114.12M103.99M
Free Cash Flow1.39M1.76M-16.24M33.11M151.64M163.13M-953.70M-829.85M-2.06B-78.03M122.52M-273.52M442.97M9.20M-318.64M-6.41M30.87M86.88M-15.07M
Dividends Paid--86.12M27.12M119.80M335.31M591.45M285.55M381.59M331.87M436.06M329.02M538.95M275.29M257.15M290.36M246.60M235.05M222.39M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%209.75%108.60%106.39%-32.56%20.19%-38.92%41.92%1.46%-75.24%-1.03%8.99%43.22%-16.95%
Dividend Paid to FCF---530.26%81.90%79.00%205.54%-62.02%-34.41%-18.52%-425.30%355.91%-120.29%121.67%2993.25%-80.70%-4531.21%798.78%270.54%-1475.82%

Key Statistics & Ratios

Market Cap3.21B
Enterprise Value9.04B
Trailing P/E45.97
Forward P/E0.00
Price / Sales8.69
Price / Book0.00
EPS0.551
Book Value10.88
Revenue (TTM)640.21M
Gross Profit (TTM)628.01M
Profit Margin-3.39%
Operating Margin48.13%
Return on Equity-1.19%
Return on Assets-0.20%
Shares Outstanding248.08M
Shares Float105.13M
Beta1.05
Dividend Yield8.02%
Dividend Rate2.03
Payout Ratio0.00%

Ownership Breakdown

Institutions
12.89%
Insiders
0.00%
Retail / Other
87.11%

Top Institutional Holders

  • Connectus Wealth, LLC
    102.60K0.00%

Dividends

20263×
0.51Jul 10, 20260.51Apr 10, 20260.51Jan 12, 2026
20254×
0.51Oct 10, 20250.51Jul 11, 20250.51Apr 11, 20250.51Jan 10, 2025
20244×
0.51Oct 11, 20240.51Jul 12, 20240.51Apr 11, 20240.51Jan 11, 2024
20234×
0.51Oct 11, 20230.51Jul 11, 20230.51Apr 11, 20230.51Jan 11, 2023
20224×
0.51Oct 11, 20220.51Jul 11, 20220.51Apr 11, 20220.51Jan 11, 2022
20214×
0.51Oct 12, 20210.51Jul 9, 20210.51Apr 9, 20210.51Jan 11, 2021
20201×
0.51Oct 8, 2020