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TW

TWO

Market Closed

Two Harbors Investment Corp.

NYSEReal EstateREIT - Mortgage
US
486 employees
CEO: William Ross Greenberg
Founded: 2009
$12.09
+$0.00(+NaN%)
Market Cap
1.27B
Beta
1.04
52W Range
N/A
Dividend Yield
11.25%
OverviewForecastsFundamentalMarket SentimentValuationOwnership
OverviewForecastsFundamentalMarket SentimentValuationOwnership
Financial Statements
Comprehensive breakdown of financial statements and performance metrics
Gross Margin
97.9%
-33.0%
CAGR: N/A

Profit after direct costs

Operating Margin
68.7%
-56.3%
CAGR: 10.3%

Core business profitability

Net Margin
-75.0%
-252.4%
CAGR: N/A

Bottom line profitability

Revenue Growth
-28.4%
YoY
CAGR: N/A

Top line growth rate

Revenue Flow Analysis
Visual flow showing how TWO allocates revenue across expenses and profit
Fiscal Year 2025

Revenue Distribution

Flow of revenue through cost categories to net income

Gross Margin
97.9%
$592.88M
Operating Margin
68.7%
$415.81M
Net Margin
-75.0%
$-454.30M
Detailed Income Statement
Complete profit and loss breakdown with margin analysis and historical comparison
ItemTrend20212022202320242025YoY Change
Total Revenue
-142.91M12.61M640.49M845.84M605.61M-28.4%
Cost of Revenue
(86.25M)(94.12M)(74.13M)(38.46M)(12.73M)-133.1%
Gross Profit
-229.16M-81.51M566.36M884.29M592.88M-33.0%
Operating Expenses
Research & Development
——————
Selling, General & Administrative
——————
Depreciation & Amortization
——————
Operating Income (EBIT)
280.59M582.85M559.83M951.08M415.81M-56.3%
Non-Operating Items
Interest Income
168.60M295.54M480.36M450.15M412.00M-8.5%
Interest Expense
(89.17M)(258.39M)(643.23M)(607.81M)(490.94M)-19.2%
Other Income/Expenses (Net)
-89.17M-258.39M-643.23M-606.32M-861.24M42.0%
Income Before Tax
191.42M324.45M-83.39M344.75M-445.43M-229.2%
Income Tax Expense
(4.19M)(104.21M)(22.98M)(46.59M)(8.87M)-81.0%
Net Income
187.23M220.24M-106.37M298.17M-454.30M-252.4%
Per Share Metrics
Earnings Per Share (Basic)
$2$2$-2$2$-4-280.9%
Weighted Avg Shares Outstanding
74.44M96.08M95.67M103.56M104.16M0.6%
Weighted Avg Shares Outstanding (Diluted)
74.51M96.08M95.67M113.09M104.16M-7.9%
EBITDA
280.59M582.85M559.83M952.56M45.52M-95.2%

Explore TWO

Overview

Key metrics and AI-powered insights

Forecast

Price targets and earnings estimates

Fundamentals

Income, balance sheet and cash flow

Valuation

P/E, DCF and valuation multiples

Ownership

Institutional and insider holdings

Sentiment

Analyst ratings and news sentiment

TWO in the Real Estate

Small Cap
Real Estate

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