Two Harbors Investment Past Earnings Performance
Past criteria checks 3/6
Two Harbors Investment has been growing earnings at an average annual rate of 42.2%, while the Mortgage REITs industry saw earnings growing at 5.9% annually. Revenues have been growing at an average rate of 4.7% per year. Two Harbors Investment's return on equity is 12.2%, and it has net margins of 37.1%.
Key information
42.2%
Earnings growth rate
43.9%
EPS growth rate
| Mortgage REITs Industry Growth | 4.6% |
| Revenue growth rate | 4.7% |
| Return on equity | 12.2% |
| Net Margin | 37.1% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Two Harbors Investment makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 616 | 228 | 65 | 0 |
| 31 Dec 23 | 257 | -153 | 53 | 0 |
| 30 Sep 23 | 340 | 29 | 39 | 0 |
| 30 Jun 23 | 339 | -1 | 40 | 0 |
| 31 Mar 23 | 11 | -274 | 43 | 0 |
| 31 Dec 22 | 79 | 186 | 41 | 0 |
| 30 Sep 22 | 392 | 432 | 40 | 0 |
| 30 Jun 22 | 180 | 222 | 39 | 0 |
| 31 Mar 22 | 436 | 176 | 39 | 0 |
| 31 Dec 21 | 456 | 128 | 35 | 0 |
| 30 Sep 21 | 533 | 335 | 40 | 0 |
| 30 Jun 21 | 615 | 466 | 47 | 0 |
| 31 Mar 21 | 690 | 405 | 55 | 0 |
| 31 Dec 20 | -532 | -1,706 | 69 | 0 |
| 30 Sep 20 | -580 | -1,782 | 103 | 0 |
| 30 Jun 20 | -214 | -1,679 | 106 | 0 |
| 31 Mar 20 | -246 | -1,596 | 102 | 0 |
| 31 Dec 19 | 1,200 | 248 | 93 | 0 |
| 30 Sep 19 | 664 | -441 | 64 | 0 |
| 30 Jun 19 | 255 | -711 | 43 | 0 |
| 31 Mar 19 | 209 | -476 | 42 | 0 |
| 31 Dec 18 | 316 | -110 | 66 | 0 |
| 30 Sep 18 | 850 | 614 | 38 | 0 |
| 30 Jun 18 | 822 | 681 | 52 | 0 |
| 31 Mar 18 | 749 | 546 | 49 | 0 |
| 31 Dec 17 | 519 | 283 | 40 | 0 |
| 30 Sep 17 | 554 | 439 | 42 | 0 |
| 30 Jun 17 | 578 | 473 | 43 | 0 |
| 31 Mar 17 | 572 | 465 | 45 | 0 |
| 31 Dec 16 | 551 | 318 | 47 | 0 |
| 30 Sep 16 | 572 | 223 | 54 | 0 |
| 30 Jun 16 | 457 | 70 | 55 | 0 |
| 31 Mar 16 | 620 | 308 | 54 | 0 |
| 31 Dec 15 | 718 | 492 | 54 | 0 |
| 30 Sep 15 | 531 | 245 | 55 | 0 |
| 30 Jun 15 | 758 | 473 | 55 | 0 |
| 31 Mar 15 | 597 | 291 | 56 | 0 |
| 31 Dec 14 | 357 | 167 | 55 | 0 |
| 30 Sep 14 | 598 | 443 | 55 | 0 |
| 30 Jun 14 | 125 | 56 | 54 | 0 |
| 31 Mar 14 | 504 | 404 | 53 | 0 |
| 31 Dec 13 | 695 | 575 | 44 | 0 |
| 30 Sep 13 | 712 | 518 | 40 | 0 |
| 30 Jun 13 | 934 | 741 | 36 | 0 |
Quality Earnings: 2H2 has high quality earnings.
Growing Profit Margin: 2H2 became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 2H2 has become profitable over the past 5 years, growing earnings by 42.2% per year.
Accelerating Growth: 2H2 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 2H2 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-6.2%).
Return on Equity
High ROE: 2H2's Return on Equity (12.2%) is considered low.