Two Harbors (TWO) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
510.7M
Net Income
298.2M
58.38%
EPS (Diluted)
$2.37
Balance Sheet Metrics
Total Assets
12.2B
Total Liabilities
10.1B
Shareholders Equity
2.1B
Debt to Equity
4.75
Cash Flow Metrics
Operating Cash Flow
258.2M
Free Cash Flow
86.9M
Revenue & Profitability Trend
Two Harbors Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 510.7M | 31.2M | 409.9M | 255.2M | -1.6B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Expenses | 89.8M | 52.9M | 40.7M | 35.0M | 37.7M |
| Operating Income | - | - | - | - | - |
| Pre-tax Income | 344.8M | -83.4M | 324.5M | 191.4M | -1.7B |
| Income Tax | 46.6M | 23.0M | 104.2M | 4.2M | -35.7M |
| Net Income | 298.2M | -106.4M | 220.2M | 187.2M | -1.6B |
| EPS (Diluted) | $2.37 | -$1.60 | $2.13 | $1.72 | -$24.96 |
Income Statement Trend
Two Harbors Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | - | - | - | - | - |
| Non-Current Assets | - | - | - | - | - |
| Total Assets | 12.2B | - | - | - | - |
| Liabilities | |||||
| Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 10.1B | - | - | - | - |
| Equity | |||||
| Total Shareholders Equity | 2.1B | 2.2B | 2.2B | 2.7B | 3.1B |
Balance Sheet Composition
Two Harbors Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 298.2M | -106.4M | 220.2M | 187.2M | -1.6B |
| Operating Cash Flow | 258.2M | -57.6M | 277.7M | 225.9M | -1.7B |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | 971.5M | -799.9M | -1.5B | 7.1B | 15.4B |
| Financing Activities | |||||
| Dividends Paid | -235.0M | -246.6M | -290.4M | -257.1M | -275.3M |
| Financing Cash Flow | -906.0M | -90.3M | 197.2M | 32.7M | -670.3M |
| Free Cash Flow | 86.9M | 30.9M | -6.4M | -318.6M | 9.2M |
Cash Flow Trend
Two Harbors Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
5.26
Forward P/E
7.09
Price to Book
0.71
Price to Sales
2.95
PEG Ratio
7.09
Profitability Ratios
Profit Margin
4.19%
Operating Margin
-995.41%
Return on Equity
0.71%
Return on Assets
0.12%
Financial Health
Current Ratio
0.22
Debt to Equity
509.86
Beta
1.31
Per Share Data
EPS (TTM)
-$0.33
Book Value per Share
$14.86
Revenue per Share
$3.57
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| two | 1.1B | 5.26 | 0.71 | 0.71% | 4.19% | 509.86 |
| Rithm Capital | 13.3B | - | 2.06 | 9.55% | 20.40% | 403.39 |
| Arbor Realty Trust | 1.9B | 9.83 | 0.82 | 7.99% | 38.70% | 318.89 |
| Apollo Commercial | 1.4B | 177.80 | 0.74 | 0.56% | 3.93% | 366.28 |
| Ladder Capital | 1.4B | 13.12 | 0.91 | 6.75% | 39.91% | 184.02 |
Financial data is updated regularly. All figures are in the company's reporting currency.