Two Harbors Investment (TWO-PC) Return on Invested Capital [ROIC] (2014 - 2026)
Two Harbors Investment (TWO-PC) reported Return on Invested Capital [ROIC] of 21.76% for Q2 2026, up 15.13 percentage points from the prior quarter.
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Analysis
Two Harbors Investment (TWO-PC) Return on Invested Capital [ROIC] (2014 - 2026) Analysis & Trends
For FY2025, Two Harbors Investment posted Return on Invested Capital [ROIC] of 2.26%, down 33.39 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +32.88 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 35.65% in FY2024 (+13.61 pp), 22.04% in FY2023 (+8.21 pp), 13.83% in FY2022 (+5.54 pp) and 8.28% in FY2021 (+38.91 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q4 2024.
- Year over year, Return on Invested Capital [ROIC] gained in two of the last four quarters, with an average year-over-year change of -3.74 percentage points.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q3 2021 (a gain of 55.15 percentage points); the low point was Q4 2025 (a drop of 35.98 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 6.62% (Q1 2026), 2.41% (Q4 2025) and 19.03% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.94 Bn | 29.62 Bn | - | 3.08% |
| 2 | Orix | 41.70 Bn | 42.20 Bn | - | 2.93% |
| 3 | Royalty Pharma | 32.87 Bn | 32.78 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | - |
| 5 | Affirm Holdings | 23.86 Bn | 17.55 Bn | - | 5.55% |
| 6 | Synchrony Financial | 23.33 Bn | -44.64 Bn | - | 26.91% |
| 7 | Royal Gold | 19.87 Bn | 19.09 Bn | 390.45 Mn | 9.67% |
| 8 | Annaly Capital Management | 13.89 Bn | 4.98 Bn | - | 16.56% |
| 9 | Ares Capital | 13.54 Bn | 10.98 Bn | - | - |
| 10 | Two Harbors Investment | 2.67 Bn | -62.52 Mn | - | 21.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.76% |
| Mar 31, 2026 | 6.62% |
| Dec 31, 2025 | 2.41% |
| Sep 30, 2025 | 19.03% |
| Dec 31, 2024 | 38.39% |
| Sep 30, 2024 | 9.40% |
| Jun 30, 2024 | 27.76% |
| Mar 31, 2024 | 33.86% |
| Dec 31, 2023 | 22.80% |
| Sep 30, 2023 | 13.58% |
| Jun 30, 2023 | 8.34% |
| Mar 31, 2023 | 7.20% |
| Dec 31, 2022 | 15.44% |
| Sep 30, 2022 | 23.05% |
| Jun 30, 2022 | 12.10% |
| Mar 31, 2022 | 10.08% |
| Dec 31, 2021 | 8.75% |
| Sep 30, 2021 | 16.30% |
| Jun 30, 2021 | 21.06% |
| Mar 31, 2021 | 18.67% |
API Access
Two Harbors Investment Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=TWO-PC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=TWO-PC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();