Two Harbors Investment (TWO) Enterprise Value (2009 - 2026)
Two Harbors Investment's (TWO) quarterly Enterprise Value came in at -$283.8 million in Q1 2026, down 129.2% year-on-year from $972.2 million in Q1 2025, and down 29.23% quarter-over-quarter from -$219.6 million in Q4 2025.
Two Harbors Investment (TWO) Enterprise Value (2009 - 2026) Analysis & Trends
Two Harbors Investment's Enterprise Value history runs 18 years deep, the most recent figure standing at -$283.8 million for Q1 2026.
- On a quarterly basis, Enterprise Value fell 129.2% year-over-year to -$283.8 million in Q1 2026; TTM through Mar 2026 was -$283.8 million, a 129.2% decrease from a year earlier, with the FY2025 full-year figure at -$219.6 million, up 29.84% from the prior year.
- Enterprise Value slipped to -$283.8 million in Q1 2026 per TWO's latest filing, from -$219.6 million in the prior quarter.
- Across five years, Enterprise Value topped out at -$65.1 million in Q4 2023 and bottomed at -$855.9 million in Q1 2022.
- The 5-year median for Enterprise Value is -$219.6 million (2025), against an average of -$328.8 million.
- Across the five-year window, Enterprise Value jumped 86.29% in 2023 and sank 380.83% in 2024, its largest moves.
- Year by year, Enterprise Value stood at -$443.0 million in 2022, then surged by 85.31% to -$65.1 million in 2023, then sank by 380.83% to -$313.0 million in 2024, then climbed by 29.84% to -$219.6 million in 2025, then fell by 29.23% to -$283.8 million in 2026.
- Per Business Quant, the three latest TWO Enterprise Value figures stand at -$283.8 million (Q1 2026), -$219.6 million (Q4 2025), and -$116.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | -1.86 Bn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | -493.00 Mn |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | -50.01 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | -546.06 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | -125.37 Mn |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | -516.50 Mn |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | -83.68 Mn |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | -283.84 Mn |
| 10 | Ladder Capital | 1.20 Bn | 1.17 Bn | - | -33.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -283.84 Mn |
| Dec 31, 2025 | -219.63 Mn |
| Sep 30, 2025 | -116.39 Mn |
| Jun 30, 2025 | -140.48 Mn |
| Mar 31, 2025 | -123.84 Mn |
| Dec 31, 2024 | -313.03 Mn |
| Sep 30, 2024 | -89.13 Mn |
| Jun 30, 2024 | -162.62 Mn |
| Mar 31, 2024 | -72.18 Mn |
| Dec 31, 2023 | -65.10 Mn |
| Sep 30, 2023 | -644.18 Mn |
| Jun 30, 2023 | -699.08 Mn |
| Mar 31, 2023 | -117.35 Mn |
| Dec 31, 2022 | -443.03 Mn |
| Sep 30, 2022 | -732.48 Mn |
| Jun 30, 2022 | -511.89 Mn |
| Mar 31, 2022 | -855.93 Mn |
| Dec 31, 2021 | -934.81 Mn |
| Sep 30, 2021 | -783.97 Mn |
| Jun 30, 2021 | -1.28 Bn |