TWO Real EstateBeta data

Two Harbors Investment Corp

$12.18Unavailable

Price as of close on Aug 24, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Real Estate
Industry: REIT - Mortgage
Country: United States
Market cap: 1.3B USD
Enterprise value: 7.7B USD
Full-time employees: 486

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.05 vs a peer median of 0.75), less short-term liquidity (current ratio 0.22 vs a peer median of 1.20) and more debt relative to equity (3.79× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.05 vs peers 0.75), less liquidity (current ratio 0.22 vs peers 1.20) and more debt vs equity (3.79× vs peers 0.80×)

Ranks #614 of 632 real estate companies (bottom 4%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 3.8× equity vs a peer median of 0.8×.Debt is 3.8× equity vs peers 0.8×.
Debt is 3.8× shareholders' equity, against a peer median of 0.8×, among the highest 10% of its peer group.Debt is 3.8× shareholders' equity, vs peers 0.8×, among the highest 10% of its peer group.
Valuation signals disagree. Cheaper than 64% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Two Harbors Investment looks cheaper than 64% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss over the last 12 months.
Two Harbors Investment reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Revenue is falling. Revenue fell 77% in the fiscal year to Dec 2025 vs the year before.
Two Harbors Investment's revenue fell 77% in the fiscal year to Dec 2025 vs the year before.

StockQuotient Score

14/ 100

Oct 5 14 → Nov 4 14

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

27/100

Weak▼ 1 since Aug 24 close

2/3 inputs reported · Partial data

Why it changed since the Aug 24, 2026 close: Score 28 → 27

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-5.9%

Yahoo Finance · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.10Sector median: 0.0535 · MAD: 0.0484

EBITDA yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0536 · MAD: 0.0204

Free cash flow yield8.9%

Yahoo Finance · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score 0.53Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield89.3%

Yahoo FinanceReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

0/100

Weak

2/3 inputs reported · Partial data

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.1117 · MAD: 0.3101

3-year revenue growth-34.4%

Yahoo Finance · 3 fiscal years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.69Sector median: 0.0378 · MAD: 0.0744

Revenue growth-77.5%

Yahoo Finance · fiscal year to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -6.11Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

26/100

Weak▲ 1 since Aug 24 close

2/3 inputs reported · Partial data

Why it changed since the Aug 24, 2026 close: Score 25 → 26

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating marginUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.2683 · MAD: 0.2257

Return on assets-0.2%

Yahoo Finance · trailing 12 monthsReported value33% base weight · Z-score -1.72Sector median: 0.0211 · MAD: 0.0134

Return on invested capital3.5%

Yahoo Finance · trailing 12 monthsReported value33% base weight · Z-score 0.06Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin98.1%

Yahoo Finance · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity-1.2%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.05

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.92Sector median: 0.7490 · MAD: 0.3270

Current ratio0.22×

Yahoo FinanceReported value33% base weight · Z-score -1.35Sector median: 1.1950 · MAD: 0.7210

Debt / equity3.79×

Yahoo FinanceReported value33% base weight · Z-score -7.68Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Two Harbors Investment

Is Two Harbors Investment getting weaker?: Filing-by-filing changes are tracked only for companies that file with the US SEC. Its overall score is unchanged at 14/100 since Oct 28, 2026.
How is Two Harbors Investment valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 762 real estate peers. Free cash flow yield 8.9% vs a peer median of 6.5% (stronger than 64% of peers).Free cash flow yield 8.9% vs peers 6.5% (stronger than 64% of peers). Earnings yield -5.9% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -5.9% vs peers 5.3% (weaker than 100% of peers).
Is Two Harbors Investment growing?: More slowly than most of its peers. Growth scores 0/100 against 762 real estate peers. 3-year revenue growth -34.4% vs a peer median of 3.8% (weaker than 100% of peers).3-year revenue growth -34.4% vs peers 3.8% (weaker than 100% of peers).
How profitable is Two Harbors Investment?: Less profitable than most of its peers. Profitability scores 26/100 against 762 real estate peers. Return on assets -0.2% vs a peer median of 2.1% (weaker than 84% of peers).Return on assets -0.2% vs peers 2.1% (weaker than 84% of peers).
How risky is Two Harbors Investment?: Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Debt / equity 3.79× vs a peer median of 0.80× (weaker than 93% of peers).Debt / equity 3.79× vs peers 0.80× (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few REIT - Mortgage companies have a long enough history of their own.

Financials

Detailed annual statements come from structured SEC filing data, which most US companies and some foreign filers provide. They aren’t available for this company yet.

TWO price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Millrose Properties, Inc.MRP94/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.05 vs a peer median of 0.75), less short-term liquidity (current ratio 0.22 vs a peer median of 1.20) and more debt relative to equity (3.79× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.05 vs peers 0.75), less liquidity (current ratio 0.22 vs peers 1.20) and more debt vs equity (3.79× vs peers 0.80×)

Ranks #614 of 632 real estate companies (bottom 4%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 3.8× equity vs a peer median of 0.8×.Debt is 3.8× equity vs peers 0.8×.

Debt is 3.8× shareholders' equity, against a peer median of 0.8×, among the highest 10% of its peer group.Debt is 3.8× shareholders' equity, vs peers 0.8×, among the highest 10% of its peer group.

Valuation signals disagree. Cheaper than 64% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Two Harbors Investment looks cheaper than 64% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Not profitable yet. Reported a loss over the last 12 months.

Two Harbors Investment reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Revenue is falling. Revenue fell 77% in the fiscal year to Dec 2025 vs the year before.

Two Harbors Investment's revenue fell 77% in the fiscal year to Dec 2025 vs the year before.

Questions investors ask about Two Harbors Investment

Is Two Harbors Investment getting weaker?

Filing-by-filing changes are tracked only for companies that file with the US SEC. Its overall score is unchanged at 14/100 since Oct 28, 2026.

How is Two Harbors Investment valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 762 real estate peers. Free cash flow yield 8.9% vs a peer median of 6.5% (stronger than 64% of peers).Free cash flow yield 8.9% vs peers 6.5% (stronger than 64% of peers). Earnings yield -5.9% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -5.9% vs peers 5.3% (weaker than 100% of peers).

Is Two Harbors Investment growing?

More slowly than most of its peers. Growth scores 0/100 against 762 real estate peers. 3-year revenue growth -34.4% vs a peer median of 3.8% (weaker than 100% of peers).3-year revenue growth -34.4% vs peers 3.8% (weaker than 100% of peers).

How profitable is Two Harbors Investment?

Less profitable than most of its peers. Profitability scores 26/100 against 762 real estate peers. Return on assets -0.2% vs a peer median of 2.1% (weaker than 84% of peers).Return on assets -0.2% vs peers 2.1% (weaker than 84% of peers).

How risky is Two Harbors Investment?

Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Debt / equity 3.79× vs a peer median of 0.80× (weaker than 93% of peers).Debt / equity 3.79× vs peers 0.80× (weaker than 93% of peers). A relative measure, not a bankruptcy probability.