Two Harbors Investment (TWO-PC) Free Cash Flow (2010 - 2026)
Two Harbors Investment (TWO-PC) reported Free Cash Flow of $192.74 million for Q2 2026, up 94.5% from $99.11 million a year earlier and up 240.7% from the prior quarter.
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Analysis
Two Harbors Investment (TWO-PC) Free Cash Flow (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Two Harbors Investment's Free Cash Flow came in at $127.22 million, down 54.1% year-over-year; for FY2025, it came in at $88.92 million, down 55.8% from FY2024.
- Free Cash Flow has declined for three consecutive years, with a five-year compound annual growth rate of -32.4% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $201 million in FY2024 (-41.5%), $343.51 million in FY2023 (-44.9%), $623.4 million in FY2022 (+47.2%) and $423.51 million in FY2021 (-32.9%).
- The Q2 2026 figure ranks as the highest quarterly Free Cash Flow since Q4 2022.
- Year over year, Free Cash Flow gained in 1 of the last four quarters, with an average decline of 3.7%.
- The high point for year-over-year Free Cash Flow in five years was Q4 2022 (growth of 442.9%); the low point was Q4 2021 (a decline of 82.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $56.58 million (Q1 2026), $117.13 million (Q4 2025) and -$239.24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | -1.25 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 728.46 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 9.25 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 229.29 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 2.42 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 335.15 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.62 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 336.00 Mn |
| 10 | Two Harbors Investment | 2.67 Bn | -62.52 Mn | - | 192.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 192.74 Mn |
| Mar 31, 2026 | 56.58 Mn |
| Dec 31, 2025 | 117.13 Mn |
| Sep 30, 2025 | -239.24 Mn |
| Jun 30, 2025 | 99.11 Mn |
| Mar 31, 2025 | 111.91 Mn |
| Dec 31, 2024 | -21.06 Mn |
| Sep 30, 2024 | 87.08 Mn |
| Jun 30, 2024 | 143.65 Mn |
| Mar 31, 2024 | -8.67 Mn |
| Dec 31, 2023 | 109.74 Mn |
| Sep 30, 2023 | 122.34 Mn |
| Jun 30, 2023 | 111.32 Mn |
| Mar 31, 2023 | 115,000.00 |
| Dec 31, 2022 | 235.98 Mn |
| Sep 30, 2022 | 369.23 Mn |
| Jun 30, 2022 | 69.54 Mn |
| Mar 31, 2022 | -51.35 Mn |
| Dec 31, 2021 | 43.46 Mn |
| Sep 30, 2021 | 229.63 Mn |
API Access
Two Harbors Investment Free Cash Flow 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=free-cash-flow&ticker=TWO-PC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=TWO-PC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();