Two Harbors Investment Corp
NYSE:TWO

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Two Harbors Investment Corp Logo
Two Harbors Investment Corp
NYSE:TWO
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Price: 11.66 USD -2.02% Market Closed
Market Cap: 1.2B USD
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

839.8m
-43%
Revenue
Growth Rates:
1 Year
-8%
3 Years
+26%
5 Years
+56%
7 Years
-7%
10 Years
+35%
-204.7m
Operating Income
Growth Rates:
1 Year
-
3 Years
-
5 Years
+43%
7 Years
-
10 Years
-
-267.1m
Net Income
Growth Rates:
1 Year
-
3 Years
-
5 Years
+39%
7 Years
-
10 Years
-

Earnings Waterfall
Two Harbors Investment Corp

Revenue
839.8m USD
Cost of Revenue
-831.9m USD
Gross Profit
7.9m USD
Operating Expenses
-212.7m USD
Operating Income
-204.7m USD
Other Expenses
-62.4m USD
Net Income
-267.1m USD

Income Statement
Two Harbors Investment Corp

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Income Statement
Currency: USD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
623
N/A
337
-46%
498
+48%
710
+43%
489
-31%
761
+56%
602
-21%
375
-38%
542
+45%
683
+26%
819
+20%
887
+8%
905
+2%
779
-14%
1 044
+34%
1 197
+15%
1 327
+11%
767
-42%
466
-39%
339
-27%
537
+58%
1 231
+129%
(564)
N/A
(652)
-16%
(1 058)
-62%
(1 128)
-7%
817
N/A
681
-17%
666
-2%
440
-34%
516
+17%
621
+20%
920
+48%
762
-17%
376
-51%
765
+103%
909
+19%
770
-15%
1 186
+54%
1 462
+23%
840
-43%
Gross Profit
Cost of Revenue
(181)
(187)
(198)
(211)
(218)
(228)
(237)
(255)
(278)
(291)
(312)
(344)
(380)
(426)
(433)
(458)
(504)
(611)
(684)
(775)
(837)
(849)
(855)
(730)
(566)
(407)
(253)
(199)
(181)
(175)
(175)
(192)
(253)
(353)
(476)
(601)
(700)
(739)
(735)
(876)
(832)
Gross Profit
442
N/A
150
-66%
299
+99%
498
+67%
271
-46%
533
+97%
365
-32%
120
-67%
264
+120%
392
+48%
507
+29%
542
+7%
525
-3%
353
-33%
611
+73%
739
+21%
824
+11%
156
-81%
(218)
N/A
(436)
-100%
(300)
+31%
382
N/A
(1 420)
N/A
(1 382)
+3%
(1 623)
-17%
(1 535)
+5%
564
N/A
482
-14%
486
+1%
265
-45%
342
+29%
429
+26%
666
+55%
410
-38%
(100)
N/A
163
N/A
210
+28%
31
-85%
451
+1 343%
586
+30%
8
-99%
Operating Income
Operating Expenses
(54)
(56)
(58)
(59)
(63)
(57)
(56)
(57)
(56)
(57)
(55)
(55)
(54)
(54)
(47)
(45)
(49)
(63)
(64)
(63)
(59)
(57)
(57)
(56)
(62)
(66)
(67)
(72)
(69)
(64)
(67)
(69)
(73)
(83)
(83)
(76)
(70)
(89)
(116)
(188)
(213)
Selling, General & Administrative
(42)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(38)
(46)
(57)
(66)
(35)
(39)
(39)
(40)
(41)
(43)
(41)
(39)
(53)
(65)
(104)
(116)
Other Operating Expenses
(13)
(56)
(58)
(59)
(63)
(57)
(56)
(57)
(56)
(57)
(55)
(55)
(54)
(54)
(47)
(45)
(49)
(63)
(64)
(63)
(59)
(57)
(57)
(56)
(62)
(29)
(21)
(14)
(3)
(29)
(28)
(30)
(33)
(42)
(41)
(36)
(31)
(36)
(51)
(84)
(97)
Operating Income
388
N/A
94
-76%
241
+157%
439
+82%
208
-53%
476
+129%
309
-35%
63
-80%
208
+232%
335
+61%
452
+35%
487
+8%
472
-3%
299
-37%
564
+89%
694
+23%
775
+12%
93
-88%
(282)
N/A
(499)
-77%
(359)
+28%
325
N/A
(1 476)
N/A
(1 438)
+3%
(1 685)
-17%
(1 602)
+5%
497
N/A
410
-17%
416
+1%
201
-52%
275
+36%
360
+31%
593
+65%
327
-45%
(183)
N/A
87
N/A
140
+61%
(58)
N/A
335
N/A
397
+19%
(205)
N/A
Pre-Tax Income
Non-Reccuring Items
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(3)
(5)
(4)
(4)
(2)
(1)
(1)
(1)
(96)
(95)
(96)
(100)
(11)
(14)
(61)
(202)
(63)
(64)
(17)
122
(11)
(10)
(12)
(5)
(6)
(3)
(7)
(14)
(23)
(26)
(22)
(15)
(5)
Pre-Tax Income
387
N/A
93
-76%
241
+157%
439
+82%
208
-53%
476
+129%
308
-35%
62
-80%
205
+232%
330
+61%
448
+36%
483
+8%
470
-3%
298
-37%
563
+89%
693
+23%
679
-2%
(3)
N/A
(377)
-14 984%
(599)
-59%
(370)
+38%
310
N/A
(1 537)
N/A
(1 640)
-7%
(1 748)
-7%
(1 666)
+5%
480
N/A
533
+11%
406
-24%
191
-53%
263
+37%
355
+35%
587
+65%
325
-45%
(190)
N/A
73
N/A
117
+60%
(83)
N/A
313
N/A
382
+22%
(210)
N/A
Net Income
Tax Provision
56
74
51
34
37
17
1
8
17
(12)
18
(6)
(18)
21
(7)
8
(35)
(42)
(28)
(37)
5
14
17
37
42
36
(0)
3
(6)
(4)
(30)
(77)
(98)
(104)
(52)
(45)
(61)
(23)
(39)
(45)
2
Income from Continuing Operations
443
167
291
473
245
492
308
70
223
318
465
477
452
319
556
701
644
(44)
(405)
(635)
(365)
324
(1 520)
(1 603)
(1 707)
(1 630)
480
535
400
187
232
278
489
220
(242)
28
57
(106)
274
337
(208)
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
(3)
(4)
0
(4)
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
444
N/A
167
-62%
291
+74%
473
+62%
245
-48%
492
+101%
309
-37%
70
-77%
223
+218%
353
+59%
514
+46%
536
+4%
511
-5%
323
-37%
573
+77%
694
+21%
618
-11%
(110)
N/A
(476)
-334%
(711)
-49%
(441)
+38%
248
N/A
(1 596)
N/A
(1 679)
-5%
(1 782)
-6%
(1 706)
+4%
405
N/A
466
+15%
336
-28%
128
-62%
176
+38%
222
+26%
432
+95%
186
-57%
(274)
N/A
(0)
+100%
31
N/A
(153)
N/A
228
N/A
278
+22%
(267)
N/A
EPS (Diluted)
9.7
N/A
3.65
-62%
6.36
+74%
10.32
+62%
5.33
-48%
10.78
+102%
7.05
-35%
1.61
-77%
5.11
+217%
8.12
+59%
11.79
+45%
12.28
+4%
10.82
-12%
6.88
-36%
11.87
+73%
14.36
+21%
11.01
-23%
-2.13
N/A
-7.53
-254%
-10.42
-38%
-6.06
+42%
3.71
N/A
-23.32
N/A
-24.54
-5%
-24.41
+1%
-24.94
-2%
5.2
N/A
5.19
0%
3.86
-26%
1.72
-55%
1.93
+12%
2.16
+12%
4.49
+108%
1.93
-57%
-2.87
N/A
0
N/A
0.29
N/A
-1.6
N/A
2.1
N/A
2.67
+27%
-2.57
N/A

See Also

Summary
TWO intrinsic value, competitors valuation, and company profile.
DCF Valuation
TWO stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TWO stock valuation using valuation multiples.
Wall Street Estimates
TWO price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TWO stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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