Two Harbors Investment (TWO) FCF Payout Ratio (2010 - 2026)
Two Harbors Investment's (TWO) quarterly FCF Payout Ratio came in at 0.63 in Q1 2026, up 50.22% year-on-year from 0.42 in Q1 2025, and up 108.08% quarter-over-quarter from 0.3 in Q4 2025.
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 0.63 for Q1 2026.
- On a quarterly basis, FCF Payout Ratio rose 50.22% year-over-year to 0.63 in Q1 2026; TTM through Mar 2026 was 4.41, a 654.82% increase from a year earlier, with the FY2025 full-year figure at 1.92, up 105.55% from the prior year.
- FCF Payout Ratio advanced to 0.63 in Q1 2026 per TWO's latest filing, from 0.3 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 453.38 in Q1 2023 and bottomed at 5.41 in Q1 2024.
- The 5-year median for FCF Payout Ratio is 0.35 (2023), against an average of 26.44.
- Across the five-year window, FCF Payout Ratio soared 39781.12% in 2023 and tumbled 741.25% in 2024, its largest moves.
- Year by year, FCF Payout Ratio stood at 0.22 in 2022, then jumped by 56.13% to 0.35 in 2023, then tumbled by 741.25% to 2.23 in 2024, then surged by 113.68% to 0.3 in 2025, then surged by 108.08% to 0.63 in 2026.
- Per Business Quant, the three latest TWO FCF Payout Ratio figures stand at 0.63 (Q1 2026), 0.3 (Q4 2025), and 0.15 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | -0.06 |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | 1.17 |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 0.17 |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | -0.28 |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 0.01 |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | -1.83 |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | 1.47 |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | 0.46 |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 0.63 |
| 10 | Ladder Capital | 1.20 Bn | 1.17 Bn | - | -3.50 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.63 |
| 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 | -5.41 |
| Dec 31, 2023 | 0.35 |
| Sep 30, 2023 | 0.36 |
| Jun 30, 2023 | 0.39 |
| Mar 31, 2023 | 453.38 |
| Dec 31, 2022 | 0.22 |
| 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 |
| Jun 30, 2021 | 0.22 |