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Two Harbors Investment Corp
NYSE:TWO

Watchlist Manager
Two Harbors Investment Corp Logo
Two Harbors Investment Corp
NYSE:TWO
Watchlist
Price: 12 USD 4.62% Market Closed
Market Cap: $1.2B
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-
5Y
-
10Y
+98%
Investing Cash Flow
+
3Y
-
5Y
-78%
10Y
-31%
Financing Cash Flow
+
3Y
-
5Y
+81%
10Y
-29%

Cash Flow Statement
Two Harbors Investment Corp

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Cash Flow Statement
Currency: USD
Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 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 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
0
(9)
(3)
2
13
36
53
48
93
127
157
182
154
292
384
749
529
579
406
57
444
167
291
473
245
492
308
70
223
318
465
504
452
308
585
702
672
(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
133
(412)
298
16
(300)
(189)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
2
2
3
3
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
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
0
0
0
0
Change in Deffered Taxes
0
0
(0)
(1)
(1)
(1)
0
(4)
5
(6)
(6)
(21)
(37)
(38)
(34)
35
65
84
37
(29)
(57)
(80)
(50)
(31)
(34)
(13)
6
(9)
(18)
14
(18)
5
17
(11)
18
3
46
42
28
26
(26)
(25)
(59)
(57)
(42)
(40)
28
14
14
6
30
77
98
105
50
43
56
15
30
24
(23)
34
21
9
12
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
1
1
0
0
1
1
1
7
10
12
15
11
10
10
9
9
11
13
15
16
16
16
11
10
10
9
13
13
11
10
9
10
9
10
10
9
12
11
11
14
13
12
12
14
12
11
11
11
11
11
11
11
12
12
Other Non-Cash Items
0
0
1
4
4
5
(8)
28
12
69
46
42
121
96
(219)
(1 381)
(1 265)
(1 212)
(533)
462
(456)
(630)
(1 608)
(2 160)
(1 921)
(2 075)
(1 614)
(999)
(1 018)
(212)
(132)
38
639
238
10
(109)
(155)
312
693
1 143
1 388
1 034
1 783
1 537
1 466
1 464
292
410
382
269
37
(365)
(516)
(349)
272
218
(14)
392
(34)
170
681
(19)
219
491
89
Cash Taxes Paid
2
0
0
0
(1)
(1)
(1)
(1)
0
1
5
5
5
4
0
(4)
(4)
(4)
(4)
4
4
6
7
4
4
3
1
(5)
(5)
(5)
(6)
0
(1)
(1)
(1)
(1)
1
0
0
6
17
28
28
23
21
10
10
9
(22)
(23)
(23)
(23)
(2)
(2)
(2)
1
5
7
7
8
5
9
13
15
19
Cash Interest Paid
0
0
0
1
2
4
6
7
10
17
24
23
22
12
27
52
75
99
106
104
104
79
78
75
71
92
87
89
96
116
131
158
209
228
288
347
359
420
535
582
701
720
742
690
531
404
199
111
84
81
76
79
102
153
281
370
516
566
628
663
617
619
529
500
533
Change in Working Capital
0
(3)
(2)
(2)
(3)
(7)
(5)
(9)
(10)
(39)
(14)
(9)
(12)
(188)
(34)
(9)
166
91
108
(11)
(178)
(223)
(368)
(340)
(401)
(343)
(256)
(204)
(162)
118
217
212
225
70
35
93
146
394
350
338
37
(276)
787
804
867
838
(332)
(329)
(163)
(38)
136
301
360
647
595
428
370
43
65
40
85
(112)
65
77
39
Cash from Operating Activities
0
N/A
(11)
N/A
(5)
+57%
3
N/A
13
+428%
33
+151%
40
+21%
63
+57%
99
+57%
152
+54%
183
+21%
194
+6%
226
+17%
162
-28%
98
-40%
(606)
N/A
(504)
+17%
(456)
+10%
21
N/A
481
+2 226%
(245)
N/A
(764)
-213%
(1 734)
-127%
(2 057)
-19%
(2 111)
-3%
(1 937)
+8%
(1 555)
+20%
(1 141)
+27%
(973)
+15%
240
N/A
534
+123%
761
+42%
1 334
+75%
607
-55%
648
+7%
690
+7%
709
+3%
703
-1%
666
-5%
871
+31%
1 033
+19%
1 057
+2%
991
-6%
682
-31%
584
-14%
632
+8%
468
-26%
630
+35%
633
+1%
424
-33%
436
+3%
291
-33%
431
+48%
623
+45%
675
+8%
717
+6%
470
-34%
344
-27%
335
-3%
367
+10%
332
-10%
201
-39%
322
+60%
277
-14%
(49)
N/A
Investing Cash Flow
Capital Expenditures
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(75)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Items
1
(250)
(292)
(771)
(854)
(861)
(2 418)
(4 520)
(7 174)
(6 333)
(7 263)
(6 487)
(7 789)
(6 907)
(5 521)
(5 042)
1 621
514
1 462
2 435
(769)
(2 698)
(2 356)
1 482
3 184
7 914
5 902
(1 128)
(3 080)
(5 670)
(8 075)
(3 916)
(7 065)
(9 484)
(4 708)
(3 710)
2 565
4 790
6 936
(2 522)
(2 251)
(6 078)
2 078
11 954
9 990
14 904
6 998
8 224
8 250
6 314
2 698
(1 234)
(4 108)
(2 751)
(3 110)
(2 396)
(91)
(196)
527
761
449
895
(785)
(230)
2 153
Cash from Investing Activities
1
N/A
(250)
N/A
(292)
-17%
(771)
-164%
(854)
-11%
(861)
-1%
(2 418)
-181%
(4 520)
-87%
(7 174)
-59%
(6 333)
+12%
(7 263)
-15%
(6 487)
+11%
(7 789)
-20%
(6 907)
+11%
(5 521)
+20%
(5 042)
+9%
1 621
N/A
514
-68%
1 462
+184%
2 435
+67%
(769)
N/A
(2 698)
-251%
(2 356)
+13%
1 482
N/A
3 109
+110%
7 914
+155%
5 902
-25%
(1 128)
N/A
(3 005)
-166%
(5 670)
-89%
(8 075)
-42%
(3 916)
+52%
(7 065)
-80%
(9 484)
-34%
(4 708)
+50%
(3 710)
+21%
2 565
N/A
4 790
+87%
6 936
+45%
(2 522)
N/A
(2 251)
+11%
(6 078)
-170%
2 078
N/A
11 954
+475%
9 990
-16%
14 904
+49%
6 998
-53%
8 224
+18%
8 250
+0%
6 314
-23%
2 698
-57%
(1 234)
N/A
(4 108)
-233%
(2 751)
+33%
(3 110)
-13%
(2 396)
+23%
(91)
+96%
(196)
-115%
527
N/A
761
+44%
449
-41%
895
+100%
(785)
N/A
(230)
+71%
2 153
N/A
Financing Cash Flow
Net Issuance of Common Stock
0
(127)
(127)
(20)
(20)
235
523
652
1 135
1 007
1 411
1 254
1 538
1 576
1 711
1 661
880
847
21
(7)
6
1
1
1
(3)
(115)
(176)
(176)
(172)
(61)
139
139
418
703
564
564
286
0
335
335
336
336
0
0
(0)
(1)
(275)
(275)
(18)
176
451
451
200
(45)
133
116
110
254
65
82
82
(11)
0
0
0
Net Issuance of Debt
0
412
450
866
943
758
2 166
3 961
6 358
5 490
6 078
5 611
6 734
5 964
4 750
4 860
(1 606)
(109)
(676)
(2 238)
1 897
3 728
3 950
706
(1 028)
(5 882)
(4 174)
2 534
4 244
5 246
6 999
2 619
3 991
7 704
3 115
1 947
(2 670)
(5 121)
(7 807)
1 628
1 329
5 743
(1 429)
(10 960)
(9 266)
(14 230)
(6 891)
(8 238)
(8 970)
(7 214)
(3 820)
(244)
3 477
1 501
1 934
1 726
(654)
(386)
(671)
(819)
(768)
(532)
953
200
(1 597)
Cash Paid for Dividends
0
0
(4)
(8)
(17)
(27)
(34)
(46)
(74)
(120)
(166)
(235)
(285)
(335)
(443)
(475)
(501)
(592)
(427)
(406)
(387)
(286)
(381)
(381)
(381)
(382)
(378)
(363)
(347)
(332)
(323)
(331)
(346)
(436)
(365)
(374)
(403)
(329)
(452)
(503)
(507)
(539)
(531)
(417)
(346)
(275)
(216)
(244)
(247)
(257)
(261)
(273)
(285)
(290)
(283)
(281)
(264)
(247)
(241)
(229)
(232)
(235)
(235)
(237)
(232)
Other
0
0
0
0
0
0
0
0
0
0
0
(22)
0
0
0
0
0
0
0
0
0
0
0
0
0
59
0
59
59
392
477
574
1 598
1 146
1 061
964
(60)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(101)
(101)
0
(397)
(296)
(296)
0
(0)
0
Cash from Financing Activities
0
N/A
285
N/A
320
+12%
838
+162%
906
+8%
966
+7%
2 655
+175%
4 567
+72%
7 419
+62%
6 377
-14%
7 323
+15%
6 608
-10%
7 987
+21%
7 205
-10%
6 018
-16%
6 069
+1%
(1 227)
N/A
146
N/A
(1 083)
N/A
(2 651)
-145%
1 516
N/A
3 443
+127%
3 570
+4%
326
-91%
(1 412)
N/A
(6 319)
-348%
(4 669)
+26%
2 054
N/A
3 783
+84%
5 245
+39%
7 292
+39%
3 001
-59%
5 661
+89%
9 117
+61%
4 375
-52%
3 101
-29%
(2 847)
N/A
(5 450)
-91%
(7 924)
-45%
1 460
N/A
1 158
-21%
5 540
+379%
(1 961)
N/A
(11 377)
-480%
(9 612)
+16%
(14 506)
-51%
(7 381)
+49%
(8 756)
-19%
(9 235)
-5%
(7 295)
+21%
(3 630)
+50%
(66)
+98%
3 392
N/A
1 166
-66%
1 784
+53%
1 561
-13%
(909)
N/A
(479)
+47%
(948)
-98%
(1 362)
-44%
(1 214)
+11%
(1 073)
+12%
423
N/A
(35)
N/A
(1 827)
-5 049%
Change in Cash
Net Change in Cash
1
N/A
23
+2 813%
23
-2%
70
+204%
65
-7%
138
+112%
277
+101%
110
-60%
344
+211%
196
-43%
244
+24%
315
+29%
424
+35%
461
+9%
595
+29%
421
-29%
(111)
N/A
204
N/A
400
+96%
265
-34%
502
+89%
(20)
N/A
(520)
-2 553%
(249)
+52%
(413)
-66%
(342)
+17%
(321)
+6%
(215)
+33%
(195)
+9%
(185)
+5%
(249)
-35%
(154)
+38%
(70)
+55%
240
N/A
314
+31%
81
-74%
428
+431%
43
-90%
(322)
N/A
(191)
+41%
(61)
+68%
519
N/A
1 109
+114%
1 259
+14%
962
-24%
1 030
+7%
85
-92%
98
+15%
(352)
N/A
(558)
-59%
(496)
+11%
(1 008)
-103%
(285)
+72%
(962)
-237%
(651)
+32%
(118)
+82%
(530)
-349%
(332)
+37%
(87)
+74%
(235)
-170%
(434)
-85%
23
N/A
(41)
N/A
12
N/A
276
+2 268%
Free Cash Flow
Free Cash Flow
0
N/A
(11)
N/A
(5)
+57%
3
N/A
13
+428%
33
+151%
40
+21%
63
+57%
99
+57%
152
+54%
183
+21%
194
+6%
226
+17%
162
-28%
98
-40%
(606)
N/A
(504)
+17%
(456)
+10%
21
N/A
481
+2 226%
(245)
N/A
(764)
-213%
(1 734)
-127%
(2 057)
-19%
(2 186)
-6%
(1 937)
+11%
(1 555)
+20%
(1 141)
+27%
(973)
+15%
240
N/A
534
+123%
761
+42%
1 334
+75%
607
-55%
648
+7%
690
+7%
709
+3%
703
-1%
666
-5%
871
+31%
1 033
+19%
1 057
+2%
991
-6%
682
-31%
584
-14%
632
+8%
468
-26%
630
+35%
633
+1%
424
-33%
436
+3%
291
-33%
431
+48%
623
+45%
675
+8%
717
+6%
470
-34%
344
-27%
335
-3%
367
+10%
332
-10%
201
-39%
322
+60%
277
-14%
(49)
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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