NYSE · REIT - Mortgage

TWO (TWO) Stock

$12.12 +0.17% NYSE: TWO Real Estate

Valuation

MetricValue
Price$12.12
Market Cap$1.27B
P/E Ratio10.55
P/B Ratio1.14
P/S Ratio1.68
EPS (TTM)$1.16
52-Week High$14.17
52-Week Low$8.78
Dividend Yield11.53%

Financials & Margins

MetricValue
ROE-17.69%
ROA-2.83%
ROCE23.27%
Gross Margin87.97%
Operating Margin57.27%
Net Margin-44.82%
Debt/Equity4.79
Current Ratio0.13

Annual Financials (USD)

Metric20212022202320242025
Revenue$-143.0M$13.0M$640.0M$846.0M$606.0M
Operating Profit$281.0M$583.0M$560.0M$951.0M$416.0M
Net Profit$187.0M$220.0M$-106.0M$298.0M$-454.0M
EPS$1.72$2.13$-1.60$2.37$-4.36
Op Margin-196.3%4623.6%87.4%112.4%68.7%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$12.1B$13.5B$13.1B$12.2B$10.9B
Total Liabilities$9.4B$11.3B$10.9B$10.1B$9.1B
Cash$1.2B$683.0M$730.0M$505.0M$842.0M
Borrowings$8.9B$10.4B$9.9B$9.1B$8.6B

Latest News

All You Need to Know About Two Harbors Investments (TWO) Rating Upgrade to Strong Buy Zacks · Jul 22, 2026 PennyMac Mortgage (PMT) Earnings Expected to Grow: Should You Buy? Zacks · Jul 22, 2026 TWO: What does Argus have to say about TWO? Argus Research · Jul 22, 2026 Can UWM Holdings (UWMC) Still Look Like A Bargain As Its Two Harbors Bid Fails? Simply Wall St. · Jul 15, 2026 UWM Holdings (UWMC) Stock Has Room To Run Due To Cheap Valuation Insider Monkey · Jul 15, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$424.0M$623.0M$344.0M$201.0M$89.0M
Investing Cash Flow$5.6B$-3.4B$-508.0M$781.0M$808.0M
Financing Cash Flow$-7.8B$895.0M$-605.0M$-226.0M$-551.0M
Net Cash Flow$-558.0M$-962.0M$-332.0M$23.0M$244.0M
Free Cash Flow$-319.0M$-6.0M$31.0M$87.0M$-15.0M

Valuation & Return Ratios

MetricValue
PEG Ratio2.76
EV / EBITDA21.63
FCF Yield-5.44%
Quick Ratio0.09
Interest Coverage0.85
Return 1Y31.53%
Return 3Y34.06%
Return 5Y-5.99%

Ownership

Insiders Held1.04%
Institutions Held79.73%
Institutions Float Held80.57%
Institutional HolderSharesReport Date
Blackrock Inc.16,566,6402026-03-31
Vanguard Portfolio Management LLC6,119,8942026-03-31
Balyasny Asset Management LP4,929,4212026-03-31
Vanguard Capital Management LLC4,651,2802026-03-31
State Street Corporation3,934,5292026-03-31

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
ARR $16.21 -0.37% 4.98 $1.89B 17.43%
CIM $12.69 +1.52% 4.82 $1.06B 11.69%
IVR $7.50 +0.74% 5.17 $536.97M 19.28%
MFA $9.12 -0.22% 10.75 $931.10M 15.21%
NYMTNew York Mortgage Trust, Inc. $7.11 -1.52% 4.80 $642.13M 15.19%

About TWO

TWO is led by CEO William Ross Greenberg, employs 477 people, headquartered in US, publicly traded since 2009.

TWO stock trades at $12.12 with a market capitalization of $1.27B. The stock is valued at a price-to-earnings (P/E) ratio of 10.55, price-to-book of 1.14, price-to-sales of 1.68. Over the past 52 weeks the stock has ranged between $8.78 and $14.17, and currently trades 14.5% below its 52-week high. It pays a dividend yielding 11.53%.

On profitability, TWO generates a return on equity (ROE) of -17.69%, return on capital employed of 23.27%, an operating margin of 57.27%, a net profit margin of -44.82%.

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