Two Harbors Investment (TWO-PC) FCF Payout Ratio (2010 - 2026)
Two Harbors Investment's FCF Payout Ratio was 0.19 in Q2 2026, down 60.7% from 0.48 a year earlier and down 70.5% from the prior quarter.
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Analysis
Two Harbors Investment (TWO-PC) FCF Payout Ratio (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Two Harbors Investment's FCF Payout Ratio was 1.17 through Jun 30, 2026, up 72.1% year-over-year; for FY2025, it was 1.92, up 105.8% from FY2024.
- FCF Payout Ratio has now increased for three consecutive years.
- In earlier years, FCF Payout Ratio was 0.93 in FY2024 (+62.3%), 0.58 in FY2023 (+52.4%), 0.38 in FY2022 (-17.4%) and 0.46 in FY2021 (+44.7%).
- The Q2 2026 figure marks the lowest quarterly FCF Payout Ratio since Q3 2022.
- Compared with a year earlier, FCF Payout Ratio was higher in three of the last four quarters, with growth averaging 21.9%.
- The best year-over-year quarter for FCF Payout Ratio over five years was Q4 2021 (growth of 714.3%); the worst was Q4 2022 (a decline of 79.7%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 43.85 Bn | 44.35 Bn | - | - |
| 2 | Rocket Companies | 43.67 Bn | 29.35 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.48 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | - |
| 5 | Synchrony Financial | 23.24 Bn | -44.73 Bn | - | 0.04 |
| 6 | Affirm Holdings | 22.66 Bn | 16.35 Bn | - | - |
| 7 | Royal Gold | 20.35 Bn | 19.57 Bn | 390.45 Mn | 0.12 |
| 8 | Annaly Capital Management | 15.27 Bn | 6.37 Bn | - | - |
| 9 | Ares Capital | 13.74 Bn | 11.17 Bn | - | - |
| 10 | Two Harbors Investment | 2.67 Bn | -63.57 Mn | - | 0.19 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.19 |
| Mar 31, 2026 | 0.63 |
| Dec 31, 2025 | 0.30 |
| Jun 30, 2025 | 0.48 |
| Mar 31, 2025 | 0.42 |
| Sep 30, 2024 | 0.54 |
| Jun 30, 2024 | 0.33 |
| Dec 31, 2023 | 0.40 |
| Sep 30, 2023 | 0.36 |
| Jun 30, 2023 | 0.52 |
| Mar 31, 2023 | 453.38 |
| Dec 31, 2022 | 0.25 |
| Sep 30, 2022 | 0.16 |
| Jun 30, 2022 | 0.85 |
| Dec 31, 2021 | 1.23 |
| Sep 30, 2021 | 0.20 |
| Jun 30, 2021 | 0.22 |
| Dec 31, 2020 | 0.15 |
| Sep 30, 2020 | 0.17 |
| Jun 30, 2020 | 0.26 |
API Access
Two Harbors Investment FCF Payout Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=TWO-PC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-payout-ratio", "ticker": "TWO-PC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=TWO-PC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();