Real Estate
Live Price
Offline$12.32
+0.24% today
1Y Change
+19.00%
Window
Jun 23, 2025 → Jun 5, 2026
Coverage: 240 bars · Jun 23, 2025 → Jun 5, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Two Harbors Investment Corp. (TWO) is a Real Estate stock with a market cap of $1.32B and listed on NYSE. The stock last traded around $12.32 and up 19.0% across the available one-year price window (Jun 23, 2025 → Jun 5, 2026). Baseline metrics include revenue growth of -28.4%, EPS growth of -280.9%, a dividend yield of 11.2%. What stands out right now is revenue -28.4%, EPS -280.9%, free cash flow +2.3% with operating margin 57.3% and ROIC 4.3%. The dividend matters to the case here, with a current yield around 11.2%. Valuation is more restrained than many high-expectation growth names at price/sales 1.7. Overall, the current profile looks closer to a turnaround or cyclical reset than a generic broad-market placeholder. Stock Foundry combines TWO price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Real Estate peers on this page.
Benchmark Comparison
Compare this ticker against a broad index, growth benchmark, or sector ETF using a shared 1Y normalization window.
TWO
—
Normalized return
SPY
—
S&P 500
Excess Return
—
Relative to SPY
TWO Max Drawdown
-36.81%
Trailing 1Y
SPY Max Drawdown
—
Trailing 1Y
Uses the longest available daily history for TWO and SPY.
Financial profile
Profitability, balance sheet stamina, and cash efficiency drawn from the latest filings.
FY Revenue
-$142.9M
-1233.7% YoY
FY Net Income
$187.2M
-15.0% YoY
Free Cash Flow
-$318.6M
-4872.6% YoY
Revenue Growth
-28.4%
EPS Growth
-280.9%
Gross Margin
88.0%
Net Margin
-44.8%
Income statement
USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 606M | 846M | 640M | 13M | -143M |
| Gross Profit | 593M | 884M | 566M | -82M | -229M |
| Operating Income | 416M | 951M | 560M | 583M | 281M |
| EBITDA | 46M | 953M | 560M | 583M | 281M |
| Net Income | -454M | 298M | -106M | 220M | 187M |
| EPS (Diluted) | — | — | — | — | — |
Balance sheet
USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | 842M | 505M | 730M | 683M | 1.2B |
| Total Assets | 10.9B | 12.2B | 13.1B | 13.5B | 12.1B |
| Total Liabilities | 9.1B | 10.1B | 10.9B | 11.3B | 9.4B |
| Shareholder Equity | 1.8B | 2.1B | 2.2B | 2.2B | 2.7B |
| Total Debt | 8.6B | 1.3B | 1.9B | 1.8B | 1.2B |
| Net Debt | 7.7B | 778M | 1.2B | 1.1B | 89M |
Cash flow positioning
Latest Full Year
Operating Cash Flow
424M
-32.1% YoY
Capital Expenditures
742M
-17.8% YoY
Free Cash Flow
319M
-4872.6% YoY
Key ratios
Gross Margin
88.0%
Operating Margin
57.3%
Net Margin
-44.8%
ROE
-19.1%
Debt / Equity
4.79x
Next Step
Use the numbers to decide whether this is a growth candidate, a quality compounder, or just an interesting outlier.