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Company Analysis

Two Harbors Investment Corp TWO

A comprehensive view of key metrics, scores, and financial health for Two Harbors Investment Corp

Overview of Two Harbors Investment Corp.

TWO NYQ
Real Estate REIT - Mortgage Small Cap
Two Harbors Investment Corp. (TWO), is a Small Cap company, in the REIT - Mortgage industry, last closed at $8.97, about 0.0% overvalued vs fair value, -35.3% 1Y return, ranked 284/330 in sector.
$8.97
-2.61%
As of March 13, 2026
Previous close • Vol 90d: 55.7%
Market Cap
$972.70M
Enterprise Value
$8.69B
Overall Score
Scores locked

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Top Beats
No strong beats yet

Quick Facts

Website https://www.twoinv.com
HQ Saint Louis Park, MN
Employees 486
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$0
$0
$0
Current: $8.97

Engine Room Money Flow™

Small Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps
Total Revenue
$952.4M
86.5%%
Net Operating Income
$420.5M
-55.8%%
Net Income
$250.0M
-252.4%%
FFO (Funds From Operations)
$224.7M
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Real Estate Investment Trust

Quality & Reliability Indicators

FFO Payout Ratio
99.0%
Fair

Dividends / FFO - basic dividend safety

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$224.1M
122.4% of AFFO

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
5
Active Leaks
1/5
Improving
0
High Impact
4
Critical
Locked Leak
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Moat Analysis REIT Specialized

Competitive Advantage Assessment

Evaluating Two Harbors Investment Corp's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
33
/100
Developing
Scores based on quantitative metrics and qualitative factors

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Rent Pricing Power

Developing
27
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 91% Coverage
Trade-Off Triangle Visualization A ternary plot showing TWO's balance between Growth (40.1%), Profitability (28.4%), and Safety (31.5%). Growth 40% Safety 31% Profitability 28%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

54th percentile vs peers
55
Key Signals
Revenue CAGR 3Y 32.7% 89p Rev Growth YoY 86.5% 49p TSR 6.8% 66p EPS Growth YoY -2.85 13p
Strengths
  • Revenue Cagr 3Y in top 20% of peers (32.7%, 89th percentile)
  • Superior capital returns - 2 return metrics above peer median
  • Roic in top 20% of peers (9.2%, 83th percentile)
  • Conservative leverage compared to industry peers
Risks
  • Eps Growth Yoy in bottom 20% of peers (-2.85)

Profitability

38th percentile vs peers
39
Key Signals
Strengths
Risks
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Safety

42th percentile vs peers
43
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Two Harbors Investment Corp.

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Fair Value Range Current: $-
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