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
DateValue
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