Two Harbors Investment (TWO-PC) Non Operating Interest Expenses (2009 - 2025)
Two Harbors Investment's Non Operating Interest Expenses was $117.12 million in Q3 2025, down 24.4% from $154.93 million a year earlier and down 14.3% from the prior quarter.
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Analysis
Two Harbors Investment (TWO-PC) Non Operating Interest Expenses (2009 - 2025) Analysis & Trends
On a trailing twelve-month basis, Two Harbors Investment's Non Operating Interest Expenses was $524.2 million through Sep 30, 2025, down 17.7% year-over-year; for FY2024, it was $607.81 million, down 5.5% from FY2023.
- Non Operating Interest Expenses shows a five-year compound annual growth rate of -3.2% (FY2019 to FY2024).
- In earlier years, Non Operating Interest Expenses was $643.23 million in FY2023 (+148.9%), $258.4 million in FY2022 (+189.8%), $89.17 million in FY2021 (-68.3%) and $281.25 million in FY2020 (-60.6%).
- The Q3 2025 figure marks the lowest quarterly Non Operating Interest Expenses since Q4 2022.
- Compared with a year earlier, Non Operating Interest Expenses has declined for six straight quarters, with an average decline of 3.4% over the last eight quarters.
- The best year-over-year quarter for Non Operating Interest Expenses over five years was Q1 2023 (growth of 538.5%); the worst was Q4 2020 (a decline of 86.5%).
- Per Business Quant data, TWO-PC's Non Operating Interest Expenses in the three quarters before Q3 2025 was $136.7 million (Q2 2025), $131.71 million (Q1 2025) and $138.67 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 374.00 Mn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 281.69 Mn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 93.62 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 118.51 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 10.01 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.32 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 214.00 Mn |
| 10 | Two Harbors Investment | 2.67 Bn | -62.52 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 117.12 Mn |
| Jun 30, 2025 | 136.70 Mn |
| Mar 31, 2025 | 131.71 Mn |
| Dec 31, 2024 | 138.67 Mn |
| Sep 30, 2024 | 154.93 Mn |
| Jun 30, 2024 | 154.21 Mn |
| Mar 31, 2024 | 160.00 Mn |
| Dec 31, 2023 | 168.08 Mn |
| Sep 30, 2023 | 173.09 Mn |
| Jun 30, 2023 | 159.56 Mn |
| Mar 31, 2023 | 142.49 Mn |
| Dec 31, 2022 | 115.63 Mn |
| Sep 30, 2022 | 83.35 Mn |
| Jun 30, 2022 | 37.10 Mn |
| Mar 31, 2022 | 22.32 Mn |
| Dec 31, 2021 | 20.16 Mn |
| Sep 30, 2021 | 21.88 Mn |
| Jun 30, 2021 | 24.41 Mn |
| Mar 31, 2021 | 22.73 Mn |
| Dec 31, 2020 | 22.64 Mn |
API Access
Two Harbors Investment Non Operating Interest Expenses 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=non-operating-interest-expenses&ticker=TWO-PC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-interest-expenses", "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=non-operating-interest-expenses&ticker=TWO-PC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();