Two Harbors Investment Corp.

NYSE:TWO.PRC Stock Report

Market Cap: US$1.3b

Two Harbors Investment Past Earnings Performance

Past criteria checks 3/6

Two Harbors Investment has been growing earnings at an average annual rate of 42.8%, while the Mortgage REITs industry saw earnings growing at 7.4% annually. Revenues have been growing at an average rate of 13.4% per year. Two Harbors Investment's return on equity is 14%, and it has net margins of 42.4%.

Key information

42.8%

Earnings growth rate

45.6%

EPS growth rate

Mortgage REITs Industry Growth4.5%
Revenue growth rate13.4%
Return on equity14.0%
Net Margin42.4%
Last Earnings Update31 Dec 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Two Harbors Investment makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:TWO.PRC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 24593252900
30 Sep 24119-458890
30 Jun 2451985780
31 Mar 24622227650
31 Dec 23257-153530
30 Sep 2334229390
30 Jun 23339-1400
31 Mar 2311-274430
31 Dec 2279186410
30 Sep 22392432400
30 Jun 22180222390
31 Mar 22436176390
31 Dec 21456128350
30 Sep 21533335400
30 Jun 21615466470
31 Mar 21690405550
31 Dec 20-532-1,706690
30 Sep 20-580-1,7821030
30 Jun 20-214-1,6791060
31 Mar 20-246-1,5961020
31 Dec 191,200248930
30 Sep 19664-441640
30 Jun 19255-711430
31 Mar 19209-476420
31 Dec 18316-110660
30 Sep 18850614380
30 Jun 18822681520
31 Mar 18749546490
31 Dec 17519283400
30 Sep 17554439420
30 Jun 17578473430
31 Mar 17572465450
31 Dec 16551318470
30 Sep 16572223540
30 Jun 1645770550
31 Mar 16620308540
31 Dec 15718492540
30 Sep 15531245550
30 Jun 15758473550
31 Mar 15597291560
31 Dec 14357167550
30 Sep 14598443550
30 Jun 1412556540
31 Mar 14504404530

Quality Earnings: TWO.PRC has high quality earnings.

Growing Profit Margin: TWO.PRC became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TWO.PRC's earnings have grown significantly by 42.8% per year over the past 5 years.

Accelerating Growth: TWO.PRC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TWO.PRC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (5.6%).

Return on Equity

High ROE: TWO.PRC's Return on Equity (14%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 21:16
End of Day Share Price 2025/02/07 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Two Harbors Investment Corp. is covered by 30 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bruce HartingBarclays
Merrill RossBGB Securities, Inc.
Kenneth BruceBofA Global Research