Two Harbors Investment Corp. (TWO-PC)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | -863 | -143 | 13 | 640 | 846 | 606 | 858 | - |
| Operating profit | $m | 416 | 427 | ||||||
| Net profit | $m | -1,630 | 187 | 220 | -106 | 298 | -454 | - | - |
| EPS reported | $ | -4.36 | -0.21 | ||||||
| Operating cashflow per share | $ | 0.85 | 1.21 | ||||||
| Capex per share | $ | 1.00 | 0.13 | ||||||
| FCF per share | $ | -0.14 | 1.08 | ||||||
| Free cash flow | $m | -15 | 113 | ||||||
| Net debt | $m | 7,715 | 884 | ||||||
| Book value equity | $m | 1,788 | 1,745 | ||||||
| Book value per share | $ | 17.16 | 16.25 | ||||||
| Number of shares | m | 104.16 | 107.35 | ||||||
| DPS (TTM paid) | $ | 2.27 | 2.32 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 0.61 | 0.63 | ||||||
| P/S LTM | x | 1.81 | 1.27 | ||||||
| P/FCF LTM | x | -72.58 | 9.64 | ||||||
| EV/EBITDA LTM | x | 193.53 | 27.68 | ||||||
| EV/Sales LTM | x | 14.54 | 8.43 | ||||||
| Earnings Yield LTM | % | -41.54% | -1.72% | ||||||
| FCF Yield | % | -1.38% | +10.37% | ||||||
| Quality | |||||||||
| ROE | % | -25.41% | -1.23% | ||||||
| ROIC | % | +3.96% | +4.41% | ||||||
| Operating margin | % | +68.66% | +49.79% | ||||||
| Gross margin | % | +97.90% | +78.00% | ||||||
| FCF/Sales | % | -2.49% | +13.21% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | -28.40% | +1.48% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | +30.53% | ||||||
| Operating Profit Growth | % | -56.28% | -55.06% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +20.33% | +11.31% | ||||||
| Dividend Growth | % | +25.11% | +28.00% | ||||||
| Payout Ratio | % | -48.97% | -258.04% | ||||||
| FCF/Debt | x | -0.00 | 0.02 | ||||||
| Net Debt/EBITDA | x | 169.50 | 18.78 | ||||||
| EBIT/Net interest | x | 0.85 | 1.05 | ||||||
| Net debt/market cap | % | +7.82% | +5.24% | ||||||
| Net debt/Equity | x | 4.31 | 0.51 | ||||||
| Gross debt/equity | x | 4.79 | 3.79 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Two Harbors Investment Corp. actively acquires, funds, and oversees a portfolio of financial assets in the United States, operating through its RoundPoint platform. Its primary holdings include mortgage servicing rights (MSRs) and agency-guaranteed residential mortgage-backed securities (RMBS). The firm's target investments consist of agency RMBS collateralized by fixed-rate, adjustable-rate, or hybrid mortgage loans, as well as derivatives. It further diversifies into other financial and mortgage-linked assets, such as non-agency securities and non-hedging transactions. Functioning as a Real Estate Investment Trust (REIT) for federal income tax purposes, the company is required by law to disburse at least 90% of its annual taxable profits to its stockholders. Two Harbors Investment Corp. was founded in 2009 and maintains its corporate headquarters in St. Louis Park, Minnesota.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Two Harbors Investment Corp. (TWO-PC)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Two Harbors Investment Corp. actively acquires, funds, and oversees a portfolio of financial assets in the United States, operating through its RoundPoint platform. Its primary holdings include mortgage servicing rights (MSRs) and agency-guaranteed residential mortgage-backed securities (RMBS). The firm's target investments consist of agency RMBS collateralized by fixed-rate, adjustable-rate, or hybrid mortgage loans, as well as derivatives. It further diversifies into other financial and mortgage-linked assets, such as non-agency securities and non-hedging transactions. Functioning as a Real Estate Investment Trust (REIT) for federal income tax purposes, the company is required by law to disburse at least 90% of its annual taxable profits to its stockholders. Two Harbors Investment Corp. was founded in 2009 and maintains its corporate headquarters in St. Louis Park, Minnesota.
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