Two Harbors Investment Statistics

Total Valuation

TWO has a market cap or net worth of $1.25 billion. The enterprise value is $11.36 billion.

Market Cap	1.25B
Enterprise Value	11.36B

Important Dates

The last earnings date was Monday, April 28, 2025, after market close.

Earnings Date	Apr 28, 2025
Ex-Dividend Date	Apr 4, 2025

Share Statistics

TWO has 104.03 million shares outstanding. The number of shares has increased by 2.91% in one year.

Current Share Class	104.03M
Shares Outstanding	104.03M
Shares Change (YoY)	+2.91%
Shares Change (QoQ)	-6.99%
Owned by Insiders (%)	0.67%
Owned by Institutions (%)	71.18%
Float	103.28M

Valuation Ratios

PE Ratio	n/a
Forward PE	8.35
PS Ratio	3.35
Forward PS	n/a
PB Ratio	0.81
P/TBV Ratio	0.81
P/FCF Ratio	n/a
P/OCF Ratio	3.88
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	30.65
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 0.21, with a Debt / Equity ratio of 5.10.

Current Ratio	0.21
Quick Ratio	0.19
Debt / Equity	5.10
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 0.71%.

Return on Equity (ROE)	0.71%
Return on Assets (ROA)	0.12%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	$777,140
Profits Per Employee	-$70,585
Employee Count	477
Asset Turnover	0.03
Inventory Turnover	n/a

Taxes

In the past 12 months, TWO has paid $35.05 million in taxes.

Income Tax	35.05M
Effective Tax Rate	69.30%

Stock Price Statistics

The stock price has decreased by -6.26% in the last 52 weeks. The beta is 1.37, so TWO's price volatility has been higher than the market average.

Beta (5Y)	1.37
52-Week Price Change	-6.26%
50-Day Moving Average	12.48
200-Day Moving Average	12.66
Relative Strength Index (RSI)	51.89
Average Volume (20 Days)	1,496,404

Short Selling Information

The latest short interest is 3.08 million, so 2.96% of the outstanding shares have been sold short.

Short Interest	3.08M
Short Previous Month	3.17M
Short % of Shares Out	2.96%
Short % of Float	2.98%
Short Ratio (days to cover)	1.64

Income Statement

In the last 12 months, TWO had revenue of $370.70 million and -$33.67 million in losses. Loss per share was -$0.32.

Revenue	370.70M
Gross Profit	354.55M
Operating Income	51.29M
Pretax Income	166.19M
Net Income	-33.67M
EBITDA	n/a
EBIT	n/a
Loss Per Share	-$0.32

Full Income Statement

Balance Sheet

The company has $829.25 million in cash and $10.95 billion in debt, giving a net cash position of -$10.12 billion or -$97.25 per share.

Cash & Cash Equivalents	829.25M
Total Debt	10.95B
Net Cash	-10.12B
Net Cash Per Share	-$97.25
Equity (Book Value)	2.15B
Book Value Per Share	14.86
Working Capital	-7.44B

Full Balance Sheet

Cash Flow

Operating Cash Flow	321.59M
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Full Cash Flow Statement

Margins

Gross margin is 95.64%, with operating and profit margins of 13.84% and 4.19%.

Gross Margin	95.64%
Operating Margin	13.84%
Pretax Margin	13.64%
Profit Margin	4.19%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.80, which amounts to a dividend yield of 15.03%.

Dividend Per Share	$1.80
Dividend Yield	15.03%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-2.91%
Shareholder Yield	12.11%
Earnings Yield	-2.70%
FCF Yield	n/a

Dividend Details

Analyst Forecast

The average price target for TWO is $13.38, which is 11.69% higher than the current price. The consensus rating is "Buy".

Price Target	$13.38
Price Target Difference	11.69%
Analyst Consensus	Buy
Analyst Count	8
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Forecasts

Stock Splits

The last stock split was on November 2, 2022. It was a reverse split with a ratio of 0.25:1.

Last Split Date	Nov 2, 2022
Split Type	Reverse
Split Ratio	0.25:1

Scores

Altman Z-Score	n/a
Piotroski F-Score	4