TWO Two Harbors Investment Corp
$12.52
Price · May 20, 2026
Fundamentals as of Apr 29, 2026
52W Range
$9–$14
69% of range
Analyst Rating
HOLD
16 analysts
Price Target
$11
P/E (TTM)
-2.2
ROE
—
Net Profit Margin
—
TWO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$12.52
Market Cap
—
P/E (TTM)
-2.2
EPS (TTM)
—
Revenue (TTM)
—
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$9 – $14
TWO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
—
Free Cash Flow
—
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
TWO
Peer Median
P/E (TTM)
-2.2
9.2
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
TWO
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
TWO
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
TWO
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
TWO
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| April 2, 2026 | $0.3400 |
| Jan. 5, 2026 | $0.3400 |
| Oct. 3, 2025 | $0.3400 |
| July 3, 2025 | $0.3900 |
| April 4, 2025 | $0.4500 |
| Jan. 3, 2025 | $0.4500 |
| Oct. 1, 2024 | $0.4500 |
| July 5, 2024 | $0.4500 |
| April 3, 2024 | $0.4500 |
| Jan. 11, 2024 | $0.4500 |
| Oct. 2, 2023 | $0.4500 |
| July 3, 2023 | $0.4500 |
| April 3, 2023 | $0.6000 |
| Jan. 4, 2023 | $0.6000 |
| Sept. 30, 2022 | $0.6800 |
| July 1, 2022 | $0.6800 |
| April 1, 2022 | $0.6800 |
| Dec. 28, 2021 | $0.6800 |
| Sept. 30, 2021 | $0.6800 |
| June 28, 2021 | $0.6800 |
TWO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
16 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 10 62.5%
- Sell 5 31.2%
- Strong Sell 1 6.2%
12-Month Price Target
4 analysts · 2026-05-14
Median
$11.25
Above all targets →
$12.52
Low
$11.00
High
$11.60
Median target
$11.25
-10.1%
Mean target
$11.28
-9.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.05%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $0.34 | $0.26 | 0.08% |
| Dec. 31, 2025 | $0.26 | $0.37 | -0.11% |
| Sept. 30, 2025 | $0.36 | $0.37 | -0.01% |
| June 30, 2025 | $0.28 | $0.37 | -0.09% |
| March 31, 2025 | $0.24 | $0.38 | -0.14% |
Peer Comparison Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TWO | — | -2.2 | — | — | — | — |
| DX | $2.45B | 5.7 | 1845.8% | 279.0% | 15.7% | — |
| ARR | $1.98B | 5.4 | 490.8% | 203.8% | 16.5% | — |
| EFC | $1.54B | 11.4 | 10.1% | 35.3% | 7.0% | — |
| ARI | — | 12.0 | -10.6% | — | — | — |
| ORC | $1.31B | — | 1944.3% | 146.9% | 13.9% | — |
| LADR | $1.40B | 21.5 | -32.9% | 69.2% | 4.2% | — |
| ABR | $1.52B | 13.9 | -18.0% | 30.9% | 5.3% | — |
| CIM | — | — | — | — | — | — |
| MFA | $946M | 7.2 | 14.0% | 76.5% | 9.7% | — |
| PMT | $1.09B | 12.7 | — | -656.4% | 6.8% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Balance Sheet 9
| Metric | Trend | 2025 |
|---|---|---|
| Cash & Equivalents | $842M | |
| Total Assets | $10.86B | |
| Total Liabilities | $9.07B | |
| Common Stock | $1M | |
| Paid-in Capital | $5.95B | |
| AOCI | $-87.0K | |
| Stockholders' Equity | $1.79B | |
| Liabilities + Equity | $10.86B | |
| Shares Outstanding | 104,806,311 |
Valuation (TTM) 5
| Metric | Trend | 2025 |
|---|---|---|
| Revenue TTM | $-79M | |
| Net Income TTM | $-454M | |
| P/E | -2.2 | |
| Earnings Yield | -46.5% | |
| Annual Payout | $171M |
Income Statement 10
| Metric | Trend | Q1 2026 | Q1 2025 |
|---|---|---|---|
| Operating Expenses | $49M | $47M | |
| Interest Income | $89M | $111M | |
| Other Non-op | $1M | $761.0K | |
| Pretax Income | $36M | $-79M | |
| Income Tax | $4M | $431.0K | |
| Net Income | $32M | $-79M | |
| EPS (Basic) | $0.18 | $-0.89 | |
| EPS (Diluted) | $0.18 | $-0.89 | |
| Shares (Basic) | 104,876,645 | 103,976,437 | |
| Shares (Diluted) | 105,323,173 | 103,976,437 |
Balance Sheet 10
| Metric | Trend | Q1 2026 | Q1 2025 |
|---|---|---|---|
| Cash & Equivalents | $476M | · | |
| Total Assets | $10.53B | · | |
| Total Liabilities | $8.80B | · | |
| Long-term Debt | $8.29B | · | |
| Common Stock | $1M | · | |
| Paid-in Capital | $5.95B | · | |
| AOCI | $-44M | · | |
| Stockholders' Equity | $1.73B | · | |
| Liabilities + Equity | $10.53B | · | |
| Shares Outstanding | 105,044,253 | · |
Cash Flow 9
| Metric | Trend | Q1 2026 | Q1 2025 |
|---|---|---|---|
| Stock-based Comp | $4M | $7M | |
| Operating Cash Flow | $57M | $112M | |
| Investing Cash Flow | $-38M | $-2.03B | |
| Stock Issued | $41.0K | $82.0K | |
| Net Stock Activity | $41.0K | · | |
| Dividends Paid | $36M | $47M | |
| Financing Cash Flow | $-320M | $1.80B | |
| Net Change in Cash | $-302M | $-120M | |
| Taxes Paid | $-777.0K | $4M |
Profitability 4
| Metric | Trend | Q1 2026 | Q1 2025 |
|---|---|---|---|
| Net Margin | -495.8% | · | |
| Pretax Margin | -558.3% | · | |
| ROA | 0.27% | · | |
| ROE | 1.7% | · |
Efficiency 1
| Metric | Trend | Q1 2026 | Q1 2025 |
|---|---|---|---|
| Asset Turnover | -0.0 | · |
Valuation (TTM) 10
| Metric | Trend | Q1 2026 | Q1 2025 |
|---|---|---|---|
| Revenue TTM | $-70M | · | |
| Net Income TTM | $-434M | · | |
| Market Cap | $1.20B | · | |
| P/E | -2.4 | · | |
| P/S | -17.1 | · | |
| P/B | 0.7 | · | |
| P / Tangible Book | 0.7 | · | |
| P / Cash Flow | 21.2 | · | |
| Earnings Yield | -41.1% | · | |
| Payout Ratio | 111.2% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
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