TWO HARBORS INVESTMENT CORP. financial metrics

Professional SEC-based dashboard for profitability, financial health, and growth with transparent scoring logic. Latest period: Q4 2025.

Symbol
TWO, TWO-PC, TWO-PB, TWO-PA, TWOD on NYSE
Location
St. Louis Park, MN
Fiscal year end
31 December
Latest financial report
17 Feb 2026

Quick Takeaways

  • TWO - TWO HARBORS INVESTMENT CORP. financial facts are built from SEC company filings data.
  • Latest metrics period on this page: Q4 2025.
  • Headline metric: Return On Equity -23%.

What Changed

  • Return On Equity YoY change: <span class="text-red-600">-269%</span>.
  • Most recent SEC facts end date: 11 Feb 2026.

Why This Matters

  • This gives a beginner-friendly first read before you inspect detailed formulas and metric tables.
  • Every metric card links to a deeper SEC-backed history page for verification.

Official SEC Source

Based on latest 10-Q/10-K

Facts and ratios are grounded in SEC company facts linked to the latest 10-Q/10-K cycle.

See Original Filing

Latest SEC snapshot (2026-02-11) highlights Return On Equity -23.2%, Return On Assets -3.9%, and Operating Margin 15.7%.

Financial Quality Score

Transparent 0-100 scoring model based on profitability, financial health, and growth factors.

10.7/100

Weak Confidence medium

Return On Equity

-23%

Metric score 0.0/100

Return On Assets

-3.9%

Metric score 0.0/100

Financial Health

Current Ratio
0.24x
Quick Ratio
0.2x
Debt to Equity
4.79x

Strengths

No strong signals yet.

Watchpoints

Return On Equity, Return On Assets, and Current Ratio

Key metrics snapshot

Return On Equity

-23%

YoY: -269%

Industry median: 3.2% (n=249)

View history

Return On Assets

-3.9%

YoY: -267%

Industry median: 1.1% (n=257)

View history

Operating Margin

16%

YoY:

Industry median: 23% (n=112)

View history

Current Ratio

0.24x

YoY:

Industry median: 0.86x (n=16)

View history

Debt-to-equity

4.79x

YoY:

Industry median: 1.59x (n=276)

View history

NetIncomeLoss YoY

-252%

YoY:

Industry median: 0.78% (n=239)

View history

Profitability

Metric Latest value YoY change
Return On Equity -23% -269%
Return On Assets -3.9% -267%
Operating Margin 16%

Financial Health

Metric Latest value YoY change
Current Ratio 0.24x
Quick Ratio 0.2x
Debt-to-equity 4.79x

Growth

Metric Latest value YoY change
NetIncomeLoss YoY -252%

Share Metrics

Metric Latest value YoY change
Entity Common Stock, Shares Outstanding 105,043,188 +0.98%
Common Stock, Shares, Outstanding 104,806,311 +1.1%
Common Stock, Value, Issued $1,048,000 +1.1%
Weighted Average Number of Shares Outstanding, Basic 104,111,993 +0.53%
Weighted Average Number of Shares Outstanding, Diluted 104,111,993 -7.9%

Additional Metrics

Metric Latest value YoY change
Costs and Expenses $560,488,000 +238%
Nonoperating Income (Expense) $419,990,000 -6256%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $445,428,000 -229%
Income Tax Expense (Benefit) $8,872,000 -81%
Earnings Per Share, Basic -4.88 -302%
Earnings Per Share, Diluted -4.88 -306%
Cash and Cash Equivalents, at Carrying Value $842,319,000 +67%
Deferred Income Tax Assets, Net $5,276,000 +11%
Assets $10,859,217,000 -11%
Deferred Income Tax Liabilities, Net $92,470,000 -7.7%
Liabilities $9,071,290,000 -10%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $1,787,927,000 -16%
Liabilities and Equity $10,859,217,000 -11%
Common Stock, Shares Authorized 175,000,000 0%
Common Stock, Shares, Issued 104,806,311 +1.1%
Common Stock, Par or Stated Value Per Share 0.01 0%
Deferred Tax Assets, Valuation Allowance $0
Deferred Tax Assets, Operating Loss Carryforwards $2,351,000 -3.8%
Preferred Stock, Shares Issued 24,870,817 0%
Preferred Stock, Shares Authorized 100,000,000 0%
Additional Paid in Capital $5,948,478,000 +0.2%
Preferred Stock, Shares Outstanding 24,870,817 0%
Share-based Payment Arrangement, Expense $13,400,000 +23%
Preferred Stock, Par or Stated Value Per Share 0.01 0%

How we score

This score is transparent and deterministic. We weight profitability, financial health, and growth metrics, then renormalize weights when SEC data is missing.

Metric Weight V1 threshold
ROIC205% to 20%
ROE158% to 25%
ROA102% to 10%
Operating Margin55% to 25%
Current Ratio121.0x to 2.0x
Quick Ratio80.8x to 1.5x
Debt to Equity100.3x to 2.0x (lower is better)
Revenue YoY10-10% to +20%
Net Income YoY10-10% to +20%

How Calculated (standard_v1)

Metrics are computed with a market-consensus convention designed for cross-portal comparability.

  • TTM Operating Income / TTM Revenues
  • Current Assets / Current Liabilities (latest instant quarter)
  • (Current Assets - Inventory) / Current Liabilities; fallback: (Cash+Short-Term Investments + Accounts Receivable) / Current Liabilities
  • Total Debt / Stockholders Equity (latest instant quarter; shared unit; freshest series)
  • TTM Net Income / Average Equity (current quarter + same quarter previous year) / 2
  • TTM Net Income / Average Assets (current quarter + same quarter previous year) / 2
  • TTM NOPAT / Average Invested Capital, where NOPAT=Operating Income*(1-tax rate), Invested Capital=Equity+Total Debt-Cash & ST Investments
  • TTM Revenues YoY
  • TTM Net Income YoY