Two Harbors [TWO] vs Ellington Financial [EFC] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 19 vital metrics comparison: Two Harbors Investment Corp. wins in 10 metrics, Ellington Financial Inc. wins in 9 metrics, with 0 ties. Two Harbors Investment Corp. appears stronger overall.

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Vital Metrics Comparison

Metric Two Harbors Investment Corp. Ellington Financial Inc. Better
P/E Ratio (TTM) 5.26 10.92 Two Harbors Investment Corp.
Price-to-Book Ratio 0.97 0.98 Two Harbors Investment Corp.
Debt-to-Equity Ratio 478.85 909.66 Two Harbors Investment Corp.
PEG Ratio -0.05 -0.25 Two Harbors Investment Corp.
Profit Margin (TTM) -122.78% 44.59% Ellington Financial Inc.
Operating Margin (TTM) 15.68% 32.09% Ellington Financial Inc.
EBITDA Margin (TTM) 15.68% 32.09% Ellington Financial Inc.
Return on Equity -23.24% 8.71% Ellington Financial Inc.
Return on Assets (TTM) -3.94% 0.85% Ellington Financial Inc.
Free Cash Flow (TTM) $-15.07M $-925.46M Two Harbors Investment Corp.
Dividend Yield 14.60% 13.62% Two Harbors Investment Corp.
1-Year Return 16.43% 7.96% Two Harbors Investment Corp.
Price-to-Sales Ratio (TTM) 3.12 4.92 Two Harbors Investment Corp.
Enterprise Value $9.23B $18.20B Ellington Financial Inc.
EV/Revenue Ratio 24.95 55.27 Two Harbors Investment Corp.
Revenue per Share (TTM) $4 $3 Two Harbors Investment Corp.
Earnings per Share (Diluted) $-4.88 $1.19 Ellington Financial Inc.
Beta (Stock Volatility) 1.11 0.94 Ellington Financial Inc.
Short % of Float 6.09% 0.00% Ellington Financial Inc.

Two Harbors Investment Corp. vs Ellington Financial Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Two Harbors Investment Corp.-0.40%-1.04%1.47%21.55%23.61%17.30%
Ellington Financial Inc.-1.76%0.07%4.53%9.15%-0.07%-0.58%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Two Harbors Investment Corp.16.43%-6.73%-58.18%-78.07%-80.99%-79.14%
Ellington Financial Inc.7.96%4.95%-28.43%-21.74%-38.60%-37.61%

Performance & Financial Health Analysis: Two Harbors Investment Corp. vs Ellington Financial Inc.

MetricTWOEFC
Market Information
Market Cap i$1.16B$1.63B
Market Cap CategorySmall capSmall cap
10 Day Avg. Volume i1,635,2601,101,175
90 Day Avg. Volume i4,051,1631,678,432
Last Close$12.36$13.36
52 Week Range$8.78 - $14.17$11.28 - $14.12
% from 52W High-12.77%-5.38%
All-Time High$85.53 (Mar 18, 2013)$26.99 (Feb 25, 2013)
% from All-Time High-85.55%-50.50%
Growth Metrics
Quarterly Revenue Growth-0.49%-0.01%
Quarterly Earnings Growth-0.96%-0.28%
Financial Health
Profit Margin (TTM) i-1.23%0.45%
Operating Margin (TTM) i0.16%0.32%
Return on Equity (TTM) i-0.23%0.09%
Debt to Equity (MRQ) i478.85909.66
Cash & Liquidity
Book Value per Share (MRQ)$11.32$13.28
Cash per Share (MRQ)$10.35$6.40
Operating Cash Flow (TTM) i$88.92M$-925,460,992
Levered Free Cash Flow (TTM) i$-508,400,000$118.74M
Dividends
Last 12-Month Dividend Yield i14.60%13.62%
Last 12-Month Dividend i$1.52$1.69

Valuation & Enterprise Metrics Analysis: Two Harbors Investment Corp. vs Ellington Financial Inc.

MetricTWO (Apr 26, 2026)EFC (Apr 23, 2026)
Price Ratios
P/E Ratio (TTM) i5.2610.92
Forward P/E i9.356.82
PEG Ratio i-0.05-0.25
Price to Sales (TTM) i3.124.92
Price to Book (MRQ) i0.970.98
Market Capitalization
Market Capitalization i$1.16B$1.63B
Enterprise Value i$9.23B$18.20B
Enterprise Value Metrics
Enterprise to Revenue i24.9555.27
Enterprise to EBITDA iN/AN/A
Risk & Other Metrics
Beta i1.110.94
Book Value per Share (MRQ) i$11.32$13.28

Financial Statements Comparison: Two Harbors Investment Corp. vs Ellington Financial Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricTWO (2025)EFC (2025)
Revenue/Sales i115.06M306.51M
Cost of Goods Sold iN/AN/A
COGS % of Revenue i0.0%0.0%
Gross Profit iN/AN/A
Gross Margin i0.0%0.0%
Research & Development iN/AN/A
Operating Income (EBIT) iN/AN/A
Operating Margin i0.0%0.0%
EBITDA iN/AN/A
EBITDA Margin i0.0%0.0%
Pre-Tax Income i-445.43M97.91M
Pre-Tax Income % of Revenue i-387.1%31.9%
Income Tax i8.87M3.79M
Income Tax % of Revenue i7.7%1.2%
Net Income (Profit) i-454.30M150.77M
Profit Margin i-394.8%49.2%

Balance Sheet & Liquidity Metrics

MetricTWO (2025)EFC (2025)
Cash & Equivalents i842.32M201.89M
Total Current Assets iN/AN/A
Total Current Assets % of Revenue i0.0%0.0%
Total Current Liabilities iN/AN/A
Total Current Liabilities % of Revenue i0.0%0.0%
Long-Term Debt i372.87M16.96B
Long-Term Debt % of Revenue i324.1%5,534.5%
Total Shareholders Equity i1.79B1.87B
Retained Earnings i-4.76B-412.96M
Retained Earnings % of Revenue i-4,139.6%-134.7%
Property, Plant & Equipment iN/AN/A

Cash Flow Statement Comparison

MetricTWO (2025)EFC (2025)
Operating Cash Flow i-207.09M-715.26M
Operating Cash Flow % of Revenue i-180.0%-233.4%
Capital Expenditures iN/AN/A
Free Cash Flow i-15.07M-925.46M
FCF Margin i-13.1%-301.9%
Debt Repayment i-641.25M-48.09B
Common Stock Repurchase i00

Short Interest & Institutional Ownership Analysis

MetricTWOEFC
Shares Short i4.68M1,228
Short Ratio i0.980.00
Short % of Float i6.09%0.00%
Shares Outstanding i104.81M113.14M
Float Shares i103.92M123.14M
% Held by Insiders i1.07%2.66%
% Held by Institutions i74.14%46.62%
% Held by Public i24.79%50.72%

Dividend Analysis & Yield Comparison: Two Harbors Investment Corp. vs Ellington Financial Inc.

MetricTWOEFC
Last 12-Month Dividend i$1.52$1.69
Last 12-Month Dividend Yield i14.60%13.62%
3-Year Avg Annual Dividend i$1.76$1.64
3-Year Avg Dividend Yield i3.66%1.05%
3-Year Total Dividends i$5.27$4.92
Ex-Dividend DateJan 05, 2026Feb 27, 2026