Price (delayed)
$13.74
Market cap
$1.42B
P/E Ratio
20.82
Dividend/share
$1.8
EPS
$0.66
Enterprise value
$10.61B
Two Harbors Investment Corp. is a Maryland corporation focused on investing, financing and managing residential mortgage-backed securities (RMBS) and related investments. Its objective is to provide attractive risk-adjusted returns to
Highlights
TWO's debt is down by 11% year-on-year and by 3% since the previous quarter
Two Harbors Investment's revenue has soared by 96% YoY but it has decreased by 30% from the previous quarter
Two Harbors Investment's gross profit has surged by 96% YoY but it has decreased by 30% QoQ
Two Harbors Investment's EPS has plunged by 70% from the previous quarter
Two Harbors Investment's net income has shrunk by 51% QoQ
Key stats
What are the main financial stats of TWO
Market
Valuations
Earnings
Shares outstanding
103.62M
Market cap
$1.42B
Enterprise value
$10.61B
Price to earnings (P/E)
20.82
Price to book (P/B)
0.65
Price to sales (P/S)
4.63
EV/EBIT
63.84
EV/EBITDA
63.84
EV/Sales
34.53
Revenue
$307.27M
EBIT
$166.19M
EBITDA
$166.19M
Free cash flow
$367.06M
Per share
Balance sheet
Liquidity
EPS
$0.66
Free cash flow per share
$3.54
Book value per share
$21.21
Revenue per share
$2.97
TBVPS
$124.09
Total assets
$12.85B
Total liabilities
$10.65B
Debt
$9.97B
Equity
$2.2B
Working capital
N/A
Debt to equity
4.54
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
55.28
Margins
Efficiency
Dividend
EBITDA margin
54.1%
Gross margin
100%
Net margin
43.3%
Operating margin
66.5%
Return on assets
0.7%
Return on equity
3.9%
Return on invested capital
0.7%
Return on capital employed
N/A
Return on sales
54.1%
Dividend yield
13.1%
DPS
$1.8
Payout ratio
272.7%
TWO stock price
How has the Two Harbors Investment stock price performed over time
Intraday
-0.22%
1 week
-2.97%
1 month
2.16%
1 year
2.23%
YTD
-1.36%
QTD
4.01%
Financial performance
How have Two Harbors Investment's revenue and profit performed over time
Revenue
$307.27M
Gross profit
$307.27M
Operating income
$204.45M
Net income
$132.92M
Gross margin
100%
Net margin
43.3%
TWO's net margin has soared by 142% year-on-year but it is down by 31% since the previous quarter
Two Harbors Investment's revenue has soared by 96% YoY but it has decreased by 30% from the previous quarter
Two Harbors Investment's gross profit has surged by 96% YoY but it has decreased by 30% QoQ
The operating income has soared by 77% YoY but it has contracted by 42% from the previous quarter
Growth
What is Two Harbors Investment's growth rate over time
Valuation
What is Two Harbors Investment stock price valuation
P/E
20.82
P/B
0.65
P/S
4.63
EV/EBIT
63.84
EV/EBITDA
63.84
EV/Sales
34.53
Two Harbors Investment's EPS has plunged by 70% from the previous quarter
The P/B is 8% higher than the 5-year quarterly average of 0.6 and 8% higher than the last 4 quarters average of 0.6
Two Harbors Investment's revenue has soared by 96% YoY but it has decreased by 30% from the previous quarter
The P/S is 67% below the last 4 quarters average of 13.9
Efficiency
How efficient is Two Harbors Investment business performance
Two Harbors Investment's return on invested capital has surged by 133% YoY but it has decreased by 46% QoQ
Two Harbors Investment's ROE has plunged by 63% from the previous quarter
TWO's ROA has shrunk by 59% QoQ
Two Harbors Investment's ROS has decreased by 24% from the previous quarter but it has increased by 15% YoY
Dividends
What is TWO's dividend history
DPS
$1.8
Dividend yield
13.1%
Payout ratio
272.7%
Recent dividends
Special dividends are included in TTM DPS and yield
Financial health
How did Two Harbors Investment financials performed over time
Two Harbors Investment's total assets is 21% more than its total liabilities
The total liabilities has contracted by 10% YoY and by 2.4% from the previous quarter
Two Harbors Investment's total assets has decreased by 8% YoY and by 2.4% from the previous quarter
TWO's debt is down by 11% year-on-year and by 3% since the previous quarter
TWO's debt to equity is down by 10% year-on-year
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.