TWO logo

TWO HARBORS INVESTMENT CORP

TWONYSE
🏆 #2318 by market capEarnings Oct 26 · PostUS Equity
$694.21▲ $29.43 (+4.24%)
Simulated price
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24h▲ 4.2%
7d▲ 5597.3%
14d▲ 5597.3%
30d▲ 5597.3%
ytd▲ 6524.1%
1y▲ 7012.8%
🏦Market Cap
$1.27B
Small Cap
📈Revenue Growth (YoY)
+17.7%
Healthy
📊Gross Margin
46.6%
Healthy
💵FCF Margin
46.6%
Strong
⚖️P/S Ratio
1.6x
Cheap
Otter Score
68
Fair

Trading Snapshot

Day Range
$688.80 – $705.24
52-Week Range
$8.78 – $14.17
Volume
$3.07B
Avg Volume
$3.76B
Shares Outstanding
105.1M
Next Earnings
Nov 7, 2026

Fundamentals Snapshot

Annual Revenue
$606M
Last Q Revenue
$213M
P/E Ratio
—
P/S Ratio
1.6x
EPS (TTM)
$-0.22
Dividend Yield
15.70%
Dilution (1yr)
−6.8%

Why Investors Own TWO

  • ✓High-growth profile — revenue up +18.7% YoY with expanding US Equity exposure.
  • ✓Healthy economics — 27% gross margin and 11% free-cash-flow margin.
  • ✓New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

TWO logo

TWO HARBORS INVESTMENT CORP

TWO
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$606M▼ −28.4% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
97.9%▼ −6.4% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
$416M▼ −56.3% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
−$15M▼ −117.3% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
104.2M▼ −6.8% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
−$7.7B▲ +$868M YoY
StockOtter · stockotter.space

About TWO HARBORS INVESTMENT CORP

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.

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Otter Score Breakdown

How it's scoredFive components, each rated 1–5★ and equally weighted (20%), averaged to a 0–100 score:💎 Quality — gross margin🚀 Growth — revenue YoY⚖️ Valuation — P/S ratio⚡ Momentum — 30-day price change💧 Dilution — 1-yr share issuance (buybacks score higher)
💎Quality★★★★★
🚀Growth★★★★★
⚖️Valuation★★★★★
⚡Momentum★★★★★
💧Dilution★★★★★
Overall Score
Fair
68/100

Analyst Price Target

ⓘ
Average Target
$859.92
▲ +23.9% Upside
High Target$993.15
Low Target$712.42
Based on 28 analysts

Latest News & Updates

🚀
Bloomberg·2h ago

TWO HARBORS INVESTMENT CORP tops quarterly estimates as demand accelerates

Revenue grew double digits with management guiding above consensus; margins continued to expand.

🛰️
CNBC·5h ago

Analysts lift TWO price targets on improving margins

Several firms raised targets, citing stronger free cash flow and a healthier backlog.

🌌
Barron’s·1d ago

TWO HARBORS INVESTMENT CORP announces new agreement to expand its footprint

The move broadens the company’s reach and could add incremental revenue over the next year.