TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) Stock Fundamental Analysis

NYSE:TWOD • US90187B8871

25.565 USD
+0.03 (+0.1%)
Last: Feb 13, 2026, 08:04 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall TWOD gets a fundamental rating of 3 out of 10. We evaluated TWOD against 70 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. TWOD has a bad profitability rating. Also its financial health evaluation is rather negative. TWOD is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • TWOD had positive earnings in the past year.
  • In the past year TWOD has reported a negative cash flow from operations.
  • In multiple years TWOD reported negative net income over the last 5 years.
  • TWOD had a positive operating cash flow in 4 of the past 5 years.
TWOD Yearly Net Income VS EBIT VS OCF VS FCFTWOD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B -1.5B

1.2 Ratios

  • TWOD has a Return On Assets of -2.23%. This is amonst the worse of the industry: TWOD underperforms 81.43% of its industry peers.
  • Looking at the Return On Equity, with a value of -13.70%, TWOD is doing worse than 84.29% of the companies in the same industry.
  • TWOD has a worse Return On Invested Capital (0.23%) than 70.00% of its industry peers.
Industry RankSector Rank
ROA -2.23%
ROE -13.7%
ROIC 0.23%
ROA(3y)0.75%
ROA(5y)-1.08%
ROE(3y)4.44%
ROE(5y)-7.45%
ROIC(3y)N/A
ROIC(5y)N/A
TWOD Yearly ROA, ROE, ROICTWOD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40

1.3 Margins

  • TWOD's Profit Margin has improved in the last couple of years.
  • TWOD has a Operating Margin of 2.96%. This is in the lower half of the industry: TWOD underperforms 72.86% of its industry peers.
  • In the last couple of years the Operating Margin of TWOD has grown nicely.
  • The Gross Margin of TWOD (42.34%) is better than 81.43% of its industry peers.
  • TWOD's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 2.96%
PM (TTM) N/A
GM 42.34%
OM growth 3Y-12.76%
OM growth 5Y2.83%
PM growth 3Y-8.93%
PM growth 5Y1.71%
GM growth 3Y-9.32%
GM growth 5Y7.66%
TWOD Yearly Profit, Operating, Gross MarginsTWOD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 100 150

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • TWOD has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
TWOD Yearly Shares OutstandingTWOD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
TWOD Yearly Total Debt VS Total AssetsTWOD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • TWOD has an Altman-Z score of -1.03. This is a bad value and indicates that TWOD is not financially healthy and even has some risk of bankruptcy.
  • TWOD has a Altman-Z score of -1.03. This is amonst the worse of the industry: TWOD underperforms 95.71% of its industry peers.
  • A Debt/Equity ratio of 4.76 is on the high side and indicates that TWOD has dependencies on debt financing.
  • The Debt to Equity ratio of TWOD (4.76) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 4.76
Debt/FCF N/A
Altman-Z -1.03
ROIC/WACCN/A
WACCN/A
TWOD Yearly LT Debt VS Equity VS FCFTWOD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

  • TWOD has a Current Ratio of 0.17. This is a bad value and indicates that TWOD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TWOD has a Current ratio of 0.17. This is comparable to the rest of the industry: TWOD outperforms 55.71% of its industry peers.
  • TWOD has a Quick Ratio of 0.17. This is a bad value and indicates that TWOD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of TWOD (0.17) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.17
Quick Ratio 0.17
TWOD Yearly Current Assets VS Current LiabilitesTWOD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 107.27% over the past year.
  • The earnings per share for TWOD have been decreasing by -18.24% on average. This is quite bad
EPS 1Y (TTM)107.27%
EPS 3Y-23.03%
EPS 5Y-18.24%
EPS Q2Q%30%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%55.61%

3.2 Future

  • The Earnings Per Share is expected to grow by 13.99% on average over the next years. This is quite good.
  • Based on estimates for the next years, TWOD will show a quite strong growth in Revenue. The Revenue will grow by 10.63% on average per year.
EPS Next Y24.42%
EPS Next 2Y13.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.76%
Revenue Next 2Y10.63%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
TWOD Yearly Revenue VS EstimatesTWOD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 500M -500M 1B -1B
TWOD Yearly EPS VS EstimatesTWOD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4 6 8

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.43, the valuation of TWOD can be described as rather expensive.
  • TWOD's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of TWOD to the average of the S&P500 Index (27.19), we can say TWOD is valued inline with the index average.
  • A Price/Forward Earnings ratio of 18.02 indicates a rather expensive valuation of TWOD.
  • TWOD's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. TWOD is more expensive than 64.29% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of TWOD to the average of the S&P500 Index (28.06), we can say TWOD is valued slightly cheaper.
Industry RankSector Rank
PE 22.43
Fwd PE 18.02
TWOD Price Earnings VS Forward Price EarningsTWOD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
TWOD Per share dataTWOD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • TWOD's earnings are expected to grow with 13.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.92
PEG (5Y)N/A
EPS Next 2Y13.99%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • TWOD has a Yearly Dividend Yield of 9.61%, which is a nice return.
  • TWOD's Dividend Yield is comparable with the industry average which is at 10.46.
  • TWOD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 9.61%

5.2 History

  • The dividend of TWOD decreases each year by -22.81%.
  • TWOD is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)-22.81%
Div Incr YearsN/A
Div Non Decr YearsN/A

5.3 Sustainability

  • TWOD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-95.7%
EPS Next 2Y13.99%
EPS Next 3YN/A
TWOD Yearly Income VS Free CF VS DividendTWOD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B -1.5B

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TWO HARBORS INV CORP - TWO 9 3/8 08/15/30

NYSE:TWOD (2/13/2026, 8:04:00 PM)

25.565

+0.03 (+0.1%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-02
Earnings (Next)04-27
Inst Owners70.4%
Inst Owner ChangeN/A
Ins Owners1.14%
Ins Owner ChangeN/A
Market Cap2.68B
Revenue(TTM)N/A
Net Income(TTM)-242.81M
Analysts69.23
Price Target26.04 (1.86%)
Short Float %0%
Short Ratio0.02
Dividend
Industry RankSector Rank
Dividend Yield 9.61%
Yearly Dividend2.27
Dividend Growth(5Y)-22.81%
DP-95.7%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-12.86%
Min EPS beat(2)-24.05%
Max EPS beat(2)-1.67%
EPS beat(4)0
Avg EPS beat(4)-26.75%
Min EPS beat(4)-44.22%
Max EPS beat(4)-1.67%
EPS beat(8)0
Avg EPS beat(8)-49.08%
EPS beat(12)0
Avg EPS beat(12)-61.9%
EPS beat(16)2
Avg EPS beat(16)-46.7%
Revenue beat(2)2
Avg Revenue beat(2)12.53%
Min Revenue beat(2)5.25%
Max Revenue beat(2)19.81%
Revenue beat(4)3
Avg Revenue beat(4)6.94%
Min Revenue beat(4)-30.77%
Max Revenue beat(4)33.5%
Revenue beat(8)5
Avg Revenue beat(8)477.35%
Revenue beat(12)8
Avg Revenue beat(12)44113.3%
Revenue beat(16)12
Avg Revenue beat(16)33397.5%
PT rev (1m)3.84%
PT rev (3m)-13.74%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.36%
EPS NY rev (1m)0.14%
EPS NY rev (3m)-3.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.43%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)11.68%
Valuation
Industry RankSector Rank
PE 22.43
Fwd PE 18.02
P/S 2.87
P/FCF N/A
P/OCF N/A
P/B 1.51
P/tB 1.51
EV/EBITDA N/A
EPS(TTM)1.14
EY4.46%
EPS(NY)1.42
Fwd EY5.55%
FCF(TTM)-0.47
FCFYN/A
OCF(TTM)-0.47
OCFYN/A
SpS8.9
BVpS16.9
TBVpS16.9
PEG (NY)0.92
PEG (5Y)N/A
Graham Number20.82
Profitability
Industry RankSector Rank
ROA -2.23%
ROE -13.7%
ROCE 0.84%
ROIC 0.23%
ROICexc 0.25%
ROICexgc 0.26%
OM 2.96%
PM (TTM) N/A
GM 42.34%
FCFM N/A
ROA(3y)0.75%
ROA(5y)-1.08%
ROE(3y)4.44%
ROE(5y)-7.45%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y18.48%
ROICexgc growth 5Y28.02%
ROICexc growth 3Y18.89%
ROICexc growth 5Y27.71%
OM growth 3Y-12.76%
OM growth 5Y2.83%
PM growth 3Y-8.93%
PM growth 5Y1.71%
GM growth 3Y-9.32%
GM growth 5Y7.66%
F-Score4
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 4.76
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 0.05
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.17
Quick Ratio 0.17
Altman-Z -1.03
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)107.27%
EPS 3Y-23.03%
EPS 5Y-18.24%
EPS Q2Q%30%
EPS Next Y24.42%
EPS Next 2Y13.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%55.61%
Revenue Next Year8.76%
Revenue Next 2Y10.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y113.47%
EBIT growth 3Y19.75%
EBIT growth 5Y1.25%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-110.47%
FCF growth 3Y-22%
FCF growth 5Y-28.24%
OCF growth 1Y-110.47%
OCF growth 3Y-22%
OCF growth 5Y-28.24%

TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 / TWOD FAQ

Can you provide the ChartMill fundamental rating for TWO HARBORS INV CORP - TWO 9 3/8 08/15/30?

ChartMill assigns a fundamental rating of 3 / 10 to TWOD.


What is the valuation status of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) stock?

ChartMill assigns a valuation rating of 2 / 10 to TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD). This can be considered as Overvalued.


How profitable is TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) stock?

TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) has a profitability rating of 3 / 10.


What is the financial health of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) stock?

The financial health rating of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) is 1 / 10.


How sustainable is the dividend of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) stock?

The dividend rating of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) is 3 / 10 and the dividend payout ratio is -95.7%.