Two Harbors Investment Corp. is a Maryland corporation founded in 2009 that invests in, finances and manages mortgage servicing rights ( MSR ) and Agency residential mortgage-backed securities ( RMBS ) and, through its operational platform, RoundPoint Mortgage Servicing LLC ( RoundPoint ), is one of the largest servicers of conventional loans in the country. Agency refers to a U.S. gov…
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue
N/A
Net Income (TTM)
-$343M
▼ -252.4% YoY
Op. Margin
–
ROIC
–
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$34M
▼ -55.8% YoY
Net Debt
$7.81B
Cash & Equiv.
$476M
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Peers
Real Estate Investment Trusts · Pick stocks to compare with TWO
Held by ETFs
TWO is in 15 US ETFs. The largest of them, with TWO's weight in each:
Invesco Variable Rate Preferred ETFVRP0.23%of the fund
Invesco RAFI US 1500 Small-Mid ETFPRFZ0.10%of the fund
Fidelity MSCI Financials Index ETFFNCL0.01%of the fund
Invesco S&P SmallCap 600 Revenue ETFRWJ0.06%of the fund
Global X Russell 2000 ETFRSSL0.04%of the fund
Global X SuperDividend ETFSDIV1.06%of the fund
Two Harbors Investment (TWO) in four numbers
Questions about Two Harbors Investment
Is Two Harbors Investment (TWO) overvalued?
At $25.33, Two Harbors Investment's price is 20% above the $21.07 a share fair value that Intrinsiqq's calculator gets from its dividends. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.
What is Two Harbors Investment's fair value?
Intrinsiqq's calculator puts Two Harbors Investment's fair value at $21.07 a share. It grows dividend per share 0% a year for 5 years, ends at a 5.6% dividend yield, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of $15.81. Every input can be changed on the Intrinsic Value tab.
Is Two Harbors Investment a high-quality business?
Two Harbors Investment scores 6 out of 100 on Intrinsiqq's quality score, which makes it a lower-quality business on these measures. The score blends 6 checks computed from SEC filings. Its best check is FFO growth at -62.2%. The Quality tab shows every check against its target.
Does Two Harbors Investment (TWO) pay a dividend, and how much?
Yes. Two Harbors Investment (TWO) pays a dividend: $1.41 per share over the last twelve months, a dividend yield of 6.00% at the latest close. Its dividend per share has shrunk at 12.2% a year over the last 5 years. The Dividends tab has the full payment history and the safety score.
Source: 10-Q filed 29 Apr 2026 (period ending 31 Mar 2026), SEC. Price: last close 29 Sept 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.
Spot a number that looks wrong? Check it in TWO's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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