Two Harbors Investment (TWO) FCF Payout Ratio (2010 - 2026)
Two Harbors Investment (TWO) posted quarterly FCF Payout Ratio of 0.19 for Q2 2026, down 54.69% year-over-year from 0.41 in Q2 2025, and down 70.65% quarter-over-quarter from 0.64 in Q1 2026.
Two Harbors Investment (TWO) FCF Payout Ratio (2010 - 2026) Analysis & Trends
Two Harbors Investment's FCF Payout Ratio history runs 17 years deep, the most recent figure standing at 0.19 for Q2 2026.
- In Q2 2026, FCF Payout Ratio fell 54.69% year-over-year to 0.19; the TTM figure through Jun 2026 stood at 1.13 (up 71.74% YoY), while the FY2025 annual figure was 1.92, up 105.55% from the prior year.
- FCF Payout Ratio for Q2 2026 stood at 0.19, down from 0.64 in the prior quarter.
- The five-year high for FCF Payout Ratio was 453.38 in Q1 2023, with the low at 5.43 in Q1 2024.
- The 5-year median for FCF Payout Ratio is 0.34 (2023), against an average of 24.98.
- The sharpest annual moves came in 2023 and 2024: FCF Payout Ratio soared 39781.12% in 2023, then plunged 661.47% in 2024.
- Two Harbors Investment's FCF Payout Ratio stood at 0.25 in 2022, then jumped by 58.62% to 0.4 in 2023, then sank by 661.47% to 2.23 in 2024, then jumped by 113.68% to 0.3 in 2025, then sank by 38.58% to 0.19 in 2026.
- Business Quant data shows TWO's FCF Payout Ratio at 0.19 in Q2 2026, 0.64 in Q1 2026, and 0.3 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | -0.09 |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 2.10 |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 1.05 |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 2.18 |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 1.35 |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 1.22 |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 0.46 |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | -2.60 |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 0.78 |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | 0.19 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.19 |
| Mar 31, 2026 | 0.64 |
| Dec 31, 2025 | 0.30 |
| Sep 30, 2025 | -0.15 |
| Jun 30, 2025 | 0.41 |
| Mar 31, 2025 | 0.42 |
| Dec 31, 2024 | -2.23 |
| Sep 30, 2024 | 0.54 |
| Jun 30, 2024 | 0.33 |
| Mar 31, 2024 | -5.43 |
| Dec 31, 2023 | 0.40 |
| Sep 30, 2023 | 0.36 |
| Jun 30, 2023 | 0.39 |
| Mar 31, 2023 | 453.38 |
| Dec 31, 2022 | 0.25 |
| Sep 30, 2022 | 0.16 |
| Jun 30, 2022 | 0.85 |
| Mar 31, 2022 | -1.14 |
| Dec 31, 2021 | 1.23 |
| Sep 30, 2021 | 0.23 |