Two Harbors Investment Corp
Research Two Harbors Investment Corp (TWO) on Bullrun: market cap USD 1.28B, dividend yield 11.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerTWO
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Mortgage
- CurrencyUSD
- Market capUSD 1.28B
- Dividend yield11.2%
- Financial periodQ2 2026
- RevenueUSD 119.59M
- Net incomeUSD 62.25M
- Free cash flowUSD 190.98M
Valuation Snapshot
latest market cap is USD 1.28B; dividend yield is 11.2%.
Peer valuation comparison
Latest dividend yield is 11.17% versus a Real Estate sector median of 4.71% (137.4% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 115.06M | -USD 454.30M | -USD 15.07M | n/a | -4.88 | USD 842.32M | USD 8.56B | USD 1.79B |
| FY2024 | USD 510.75M | USD 298.17M | USD 86.88M | n/a | 2.37 | USD 504.61M | USD 1.28B | USD 2.12B |
| FY2023 | n/a | -USD 106.37M | n/a | n/a | -1.6 | USD 729.73M | USD 1.89B | USD 2.20B |
| FY2022 | n/a | USD 220.24M | n/a | n/a | 2.13 | USD 683.48M | USD 1.80B | USD 2.18B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-24 | USD 1.28B | n/a | 11.2% | 1.36 |
| 2025 | 2025-12-31 | USD 1.10B | n/a | 15.5% | 1.63 |
| 2024 | 2024-12-31 | USD 1.23B | 5.7 | 15.2% | 1.8 |
| 2023 | 2023-12-29 | USD 1.34B | n/a | 15.1% | 2.1 |
| 2022 | 2022-12-30 | USD 1.36B | 3.6 | 12.9% | 2.04 |
| 2021 | 2021-12-31 | USD 1.98B | 16.8 | 11.8% | 2.72 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.36 USD, yield 11.2%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.52 USD |
| FY2024 | 1.8 USD |
| FY2023 | 1.95 USD |
| FY2022 | 2.64 USD |
About Two Harbors Investment Corp
Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, comprising non-agency securities and non-hedging transactions.
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Frequently asked questions
What is Two Harbors Investment Corp's market cap?
Two Harbors Investment Corp's market capitalization is USD 1.28B.
Does Two Harbors Investment Corp pay a dividend?
Two Harbors Investment Corp has a dividend yield of 11.2%.
What does Two Harbors Investment Corp do?
Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, comprising non-agency securities and non-hedging transactions. It qualifies as a REIT for federal income tax purposes.