Two Harbors Investment (TWO-PB) FCF Payout Ratio (2010 - 2026)

Two Harbors Investment (TWO-PB) recorded quarterly FCF Payout Ratio of 0.07 in Q1 2026, up 24.82% quarter-over-quarter from 0.1 in Q4 2025, and down 107.87% on a YoY basis from 0.94 in Q1 2025.

Two Harbors Investment (TWO-PB) FCF Payout Ratio (2010 - 2026) Analysis & Trends

Two Harbors Investment's FCF Payout Ratio history runs 17 years deep, the most recent figure standing at 0.07 for Q1 2026.

  • In Q1 2026, FCF Payout Ratio fell 107.87% year-over-year to 0.07; the TTM figure through Mar 2026 stood at 0.07 (down 425.16% YoY), while the FY2025 annual figure was 0.06, down 311.15% from the prior year.
  • FCF Payout Ratio was 0.07 for Q1 2026 at Two Harbors Investment, up from 0.1 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 0.13 in Q4 2024 to a low of 0.29 in Q4 2023.
  • Historically, FCF Payout Ratio has averaged 0.09 across 5 years, with a median of 0.07 in 2026.
  • The sharpest annual moves came in 2023 and 2024: FCF Payout Ratio sank 409.27% in 2023, then soared 143.98% in 2024.
  • A 5-year view of FCF Payout Ratio shows it stood at 0.06 in 2022, then tumbled by 409.27% to 0.29 in 2023, then jumped by 143.98% to 0.13 in 2024, then tumbled by 177.08% to 0.1 in 2025, then increased by 24.82% to 0.07 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.07 (Q1 2026), 0.1 (Q4 2025), and 0.03 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - -0.01
2 AGNC Investment 11.42 Bn 10.75 Bn - 1.17
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 1.91
4 Rithm Capital 5.08 Bn 4.78 Bn - 2.83
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 0.47
6 Dynex Capital 2.58 Bn 1.80 Bn - 1.47
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 0.80
8 Ellington Financial 1.67 Bn 1.39 Bn - 0.00
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -0.07
10 Two Harbors Investment - - - -0.07

Historic Data

Download Data
DateValue
Mar 31, 2026 -0.07
Dec 31, 2025 -0.10
Sep 30, 2025 -0.03
Jun 30, 2025 -0.16
Mar 31, 2025 -0.04
Dec 31, 2024 0.13
Sep 30, 2024 -0.05
Jun 30, 2024 -0.07
Mar 31, 2024 -0.04
Dec 31, 2023 -0.29
Sep 30, 2023 -0.11
Jun 30, 2023 -0.19
Mar 31, 2023 -0.05
Dec 31, 2022 -0.06
Sep 30, 2022 -0.13
Jun 30, 2022 -0.09
Mar 31, 2022 -0.14
Dec 31, 2021 -0.04
Sep 30, 2021 -0.76
Jun 30, 2021 1.22