MARKETSnap
  • Market Snapshots
    • Gainers & Losers
    • Most Active & More
    • 52-Week High/Low
    • Dividends
    • P/E Ratios
      • Large Caps
      • Absolute
      • Total Market PE
    • Stocks Performance
      • Large Caps
      • Absolute
    • Industries Performance
      • Industry
      • Sector
  • Analyze Stock
    • Analyze a stockAnalyze TWO →
    • FindStock Picks / Stock Screener
    • Value · TWOIntrinsic Value Calculator
    • Invest · TWOInvestment Case
    • Hold · TWO5-Year Outlook
  • Learn
  • Calendar
  • Investment Compounding
    Calculator
  • Investing Philosophy
  • More
    • Charts
    • Commodities
    • Currencies
    • Economic Indicators
      • Inflation
      • Consumer Sentiment
      • Recession Probability
      • Treasury Rates
      • GDP
TWO stock logo

TWO

Two Harbors Investment Corp.

$12.18
0.13
 (1.08%)
Exchange:  NYSE
Market Cap:  1.281B
Shares Outstanding:  1.45M
Delayed data
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Real EstateView sector performance
Industry:  REIT – MortgageView industry performance
   
CEO:  William Ross Greenberg
Full Time Employees:  486
Address: 
1601 Utica Avenue South
Saint Louis Park
MN
55416
US
Website:  https://www.twoinv.com
Two Harbors Investment Corp. (TWO) operates as a Real Estate Investment Trust (REIT) with a strategic focus on the U.S. mortgage market. The firm is actively involved in acquiring, funding, and overseeing a diverse portfolio of financial instruments, primarily residential mortgage-backed securities (RMBS). This portfolio encompasses both agency RMBS – which are often backed by fixed-rate, adjustable-rate, and hybrid adjustable-rate mortgage loans – as well as non-agency securities, mortgage servicing rights (MSRs), and other related financial assets. Being structured as a REIT grants the company specific federal income tax advantages, contingent on distributing a minimum of 90% of its annual taxable earnings to its shareholders. Established in 2009, Two Harbors Investment Corp. maintains its corporate headquarters in Minnetonka, Minnesota.

Click to read more…

Revenue Segmentation

🔒 You are currently logged out

Login

It’s free

Industry Peers

TICKERCOMPANYMKT CAPP/EFWD P/EROIC
TWTWO logoTWOTwo Harbors Investment Corp.1.3B—10.24.4%
SCSCCF logoSCCFSachem Capital Corp. 7.125% Not1.2B—41031.0%
SCSCCG logoSCCGSachem Capital Corp. 8.00% Note1.2B—40931.0%
EFEFC-PD logoEFC-PDEllington Financial Inc.1.4B7.110.9204.3%
EFEFC-PC logoEFC-PCEllington Financial Inc.1.4B7.112.1204.3%
LALADR logoLADRLadder Capital Corp1.2B20.88.72.7%

EPS

Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.

Log in to continue

Log in for the full EPS chart and links to analyst estimates.

Login — it's free
View full analyst estimates

Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/04/29 — Q1 quarter 2026

Log in to continue

Log in to read the full transcript and AI-generated earnings summaries.

Login — it's free
Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue640,485845,837605,609
Gross Profit566,355884,295592,881
EBITDA559,832952,56045,515
Operating Income559,832951,078415,810
Net Income-106,371298,168-454,300

Log in to continue

Log in to see the income statement and 10 historical years.

Login — it's free

(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets13,138,80012,204,31910,859,217
Total Liabilities10,935,41010,081,8109,071,290
Total Stockholders Equity2,203,3902,122,5091,787,927
Total Debt9,934,7379,112,386261,810
Cash and Cash Equivalents729,732504,613842,319

Log in to continue

Log in to see the balance sheet and 10 historical years.

Login — it's free

(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow343,509201,0040
Capital Expenditure0-114,1240
Free Cash Flow30,87286,8800
Net Income-106,371297,119-454,300
Net Change in Cash-331,67222,808-817,641

Log in to continue

Log in to see the cash flow statement and 10 historical years.

Login — it's free

(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2027Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)15,592.998Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)69,553.500Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)44,200Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)19,454.281Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)214,109.586Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)136,295.330Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)0Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)0Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)0Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)1.180Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)2.060Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)0.190Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)2Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)2Research AccessResearch AccessResearch AccessResearch Access

Log in to continue

Log in and subscribe to Full Access to see up to 5 years of analyst estimates.

Login — it's free

(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
845.837M  ?P/S
 (TTM)
: 
1.49
?Net Income
 (TTM)
: 
297.119M  ?P/E
 (TTM)
: 
-16.79
?Enterprise Value
 (TTM)
: 
7.256B  ?EV/FCF
 (TTM)
: 
63.98
?Dividend Yield
 (TTM)
: 
11.17%  ?Payout Ratio
 (TTM)
: 
-927.62%
?ROE
 (TTM)
: 
-1.23%  ?ROIC
 (TTM)
: 
4.41%
?Net Debt
 (TTM)
: 
8.27B  ?Debt/Equity
 (TTM)
: 
3.79
?P/B
 (TTM)
: 
0.73  ?Current Ratio
 (TTM)
: 
0.18

Log in to continue

Log in to see all key valuation metrics and ratios for this symbol.

Login — it's free

Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
10.15Research AccessResearch AccessResearch AccessResearch Access

Log in to continue

Log in with Full Access for forward P/E high/low estimates and the full multi-year table.

Login — it's free

SWOT Analysis

🔒 You are currently logged out

Login

It's free

At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MarketSnap estimates TWO intrinsic value between $4.37 – $6.20 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate TWO Intrinsic Value

Common questions about TWO valuation

Is Two Harbors Investment Corp. (TWO) overvalued or undervalued right now?

MarketSnap estimates intrinsic value for Two Harbors Investment Corp. (TWO) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is TWO a buy, hold, or sell for long-term investors?

MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TWO trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is TWO’s P/E ratio?

You can see TWO’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for TWO?

MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is TWO a good long-term investment?

Whether TWO fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

Research tools for Two Harbors Investment Corp.

  • Two Harbors Investment Corp. intrinsic value calculatorEstimate what the business is worth
  • Two Harbors Investment Corp. 5-year outlookWhat has to go right, and what could go wrong
TWO

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

1.08
MarketSnap

Trading Metrics:

Open: 12.18   Previous Close: 12.05
Day Low: 12.17   Day High: 12.19
Year Low: 8.78   Year High: 14.17
Price Avg 50: 12.14   Price Avg 200: 11.4
Volume: 19.379M   Average Volume: 2.562M

Log in to continue

Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.

Login — it's free
See in Nexus

Relevant news

T2 Metals Advances Its Sherridon Copper-Zinc-Gold-Silver Project in Manitoba, Canada, with Robust Historical Metallurgical Test Results
07-10-2026 06:30
T2 Metals Advances Its Sherridon Copper-Zinc-Gold-Silver Project in Manitoba, Canada, with Robust Historical Metallurgical Test Results
T2 Metals Commences First-Ever Surface Diamond Drill Program at the Shanghai Project, Yukon, Canada
16-09-2026 06:30
T2 Metals Commences First-Ever Surface Diamond Drill Program at the Shanghai Project, Yukon, Canada
TWO Announces Intention to Voluntarily Delist and Deregister 9.375% Senior Notes due 2030 from the New York Stock Exchange
14-09-2026 17:30
TWO Announces Intention to Voluntarily Delist and Deregister 9.375% Senior Notes due 2030 from the New York Stock Exchange
TWO Announces Offer to Repurchase 9.375% Senior Notes due 2030 and Satisfaction and Discharge of the Related Indenture
11-09-2026 17:05
TWO Announces Offer to Repurchase 9.375% Senior Notes due 2030 and Satisfaction and Discharge of the Related Indenture
T2 Metals Engages Geomorphic AI to Advance Drill Targeting at the Cora Copper Project, Arizona, USA
09-09-2026 06:30
T2 Metals Engages Geomorphic AI to Advance Drill Targeting at the Cora Copper Project, Arizona, USA
T2 Metals Discovers High-Grade Gold and Defines New Targets at Aurora Gold Project, Yukon, Canada
02-09-2026 06:30
T2 Metals Discovers High-Grade Gold and Defines New Targets at Aurora Gold Project, Yukon, Canada

DISCLAIMER: The stock market data provided on this website is for informational purposes only and is not intended for trading purposes. While we strive to provide accurate and timely information, we cannot guarantee that the information is accurate at the moment it is received or that it will continue to be accurate in the future. We are not responsible for any actions taken based on the information provided on this website. Always consult with a licensed financial professional before making any investment decisions.
Terms of Service

Copyright © 2025 MarketSnap. All rights reserved.

Contact Us

Privacy Policy

Cookie Policy

Terms of Service

Hover Image
MARKETSnap

Market

🇺🇸 United States

Language

    • Gainers & Losers
    • Most Active & More
    • 52-Week High/Low
    • Dividends
      • Large Caps
      • Absolute
      • Total Market PE
      • Large Caps
      • Absolute
      • Industry
      • Sector
    • Analyze a stockAnalyze TWO →
    • FindStock Picks / Stock Screener
    • Value · TWOIntrinsic Value Calculator
    • Invest · TWOInvestment Case
    • Hold · TWO5-Year Outlook
  • Learn
  • Calendar
  • Investment Compounding Calculator
    • Charts
    • Commodities
    • Currencies
      • Inflation
      • Consumer Sentiment
      • Recession Probability
      • Treasury Rates
      • GDP
  • Investing Philosophy
  • Nexus
    • Recent Activity
      • Overview
      • My Valuations
      • My Investment Journal
      • Watchlists & Portfolio
    • Settings
    • Public profile ↗
  • Log in

Media

Watch Listen Read