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Two Harbors Investment Corp

Two Harbors Investment Corp

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

25.39USD+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close25.39
Open25.39
Day Range25.39 – 25.39
52-Week Range21.86 – 25.39
Volume0
Market Cap3.76B
P/E (TTM)6.95
Forward P/E0.00
EPS3.65
Dividend Yield9.14%
Beta1.05
50-Day Avg25.21
200-Day Avg24.89

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--325.65K2.99M14.24M3.46M48.82M76.34M81.12M73.95M76.73M91.41M57.05M66.35M63.80M94.12M115.18M-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----000.660.3600.161.931.3425.740.13--
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%-0.00%--
Interest Expense--131.00K4.42M22.71M72.11M100.41M107.45M142.19M221.90M350.19M519.67M714.33M281.25M89.17M258.39M643.23M607.81M490.94M
Interest Expense % of Total Revenue--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 Cap3.76B
Enterprise Value9.04B
Trailing P/E6.95
Forward P/E0.00
Price / Sales10.16
Price / Book0.00
EPS3.65
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 Outstanding248.07M
Shares Float105.13M
Beta1.05
Dividend Yield9.14%
Dividend Rate2.32
Payout Ratio0.00%

Ownership Breakdown

Institutions
30.42%
Insiders
0.00%
Retail / Other
69.58%

Top Institutional Holders

  • CURIO WEALTH, LLC
    00.00%

Dividends

20263×
0.57Jul 10, 20260.56Apr 10, 20260.58Jan 12, 2026
20254×
0.61Oct 10, 20250.60Jul 11, 20250.60Apr 11, 20250.45Jan 10, 2025
20244×
0.45Oct 11, 20240.45Jul 12, 20240.45Apr 11, 20240.45Jan 11, 2024
20234×
0.45Oct 11, 20230.45Jul 11, 20230.45Apr 11, 20230.45Jan 11, 2023
20224×
0.45Oct 11, 20220.45Jul 11, 20220.45Apr 11, 20220.45Jan 11, 2022
20214×
0.45Oct 12, 20210.45Jul 9, 20210.45Apr 9, 20210.45Jan 11, 2021
20201×
0.45Oct 8, 2020