Two Harbors Investment (TWO) EBITDA (2009 - 2026)
Two Harbors Investment (TWO) posted quarterly EBITDA of $157.8 million for Q2 2026, up 230.72% year-over-year from $47.7 million in Q2 2025, and down 5.83% quarter-over-quarter from $167.5 million in Q1 2026.
Two Harbors Investment (TWO) EBITDA (2009 - 2026) Analysis & Trends
Two Harbors Investment's EBITDA history runs 18 years deep, the most recent figure standing at $157.8 million for Q2 2026.
- In Q2 2026, EBITDA rose 230.72% year-over-year to $157.8 million; the TTM figure through Jun 2026 stood at $403.1 million (up 41.61% YoY), while the FY2025 annual figure was $45.5 million, down 95.28% from the prior year.
- EBITDA for Q2 2026 stood at $157.8 million, down from $167.5 million in the prior quarter.
- The five-year high for EBITDA was $515.7 million in Q3 2023, with the low at -$352.3 million in Q4 2023.
- The 5-year median for EBITDA is $122.6 million (2025), against an average of $135.7 million.
- The sharpest annual moves came in 2022 and 2023: EBITDA plunged 913.56% in 2022, then surged 4105.38% in 2023.
- Two Harbors Investment's EBITDA stood at -$146.1 million in 2022, then tumbled by 141.11% to -$352.3 million in 2023, then soared by 226.67% to $446.3 million in 2024, then slumped by 80.41% to $87.4 million in 2025, then surged by 80.42% to $157.8 million in 2026.
- Business Quant data shows TWO's EBITDA at $157.8 million in Q2 2026, $167.5 million in Q1 2026, and $87.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 2.16 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 365.81 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 288.38 Mn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 148.42 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 145.66 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 55.05 Mn |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | 157.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 157.75 Mn |
| Mar 31, 2026 | 167.51 Mn |
| Dec 31, 2025 | 87.44 Mn |
| Sep 30, 2025 | -9.60 Mn |
| Jun 30, 2025 | -120.68 Mn |
| Mar 31, 2025 | 53.09 Mn |
| Dec 31, 2024 | 446.27 Mn |
| Sep 30, 2024 | -94.01 Mn |
| Jun 30, 2024 | 224.74 Mn |
| Mar 31, 2024 | 430.90 Mn |
| Dec 31, 2023 | -352.30 Mn |
| Sep 30, 2023 | 515.65 Mn |
| Jun 30, 2023 | 376.79 Mn |
| Mar 31, 2023 | -27.44 Mn |
| Dec 31, 2022 | -146.12 Mn |
| Sep 30, 2022 | 381.99 Mn |
| Jun 30, 2022 | -9.41 Mn |
| Mar 31, 2022 | 359.82 Mn |
| Dec 31, 2021 | 17.96 Mn |
| Sep 30, 2021 | 88.53 Mn |