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TWO HARBORS INVESTMENT CORP. TWO
TWO HARBORS INVESTMENT CORP. statistics & valuation
Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
TWO HARBORS INVESTMENT CORP. trades at about 5.1× earnings — below its 10-year norm (10-year range 5.4×–147×, median 32.6×).
Shaded band = 10-year range (5.4×–147×); dot = today's 5.1×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on assets | -4.2% | 2.4% | -0.8% | 1.6% | 1.5% | -8.4% | 0.9% | -0.1% | 1.4% | 1.8% |
| Return on equity | -25.4% | 14.0% | -4.8% | 10.1% | 6.8% | -52.8% | 6.5% | -1.0% | 9.8% | 10.4% |
| Debt / equity | 4.79× | — | — | — | — | — | — | — | — | — |
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.