Two Harbors Investment (TWO) Free Cash Flow (2010 - 2026)
Two Harbors Investment (TWO) posted quarterly Free Cash Flow of $192.7 million for Q2 2026, up 94.47% year-over-year from $99.1 million in Q2 2025, and up 240.66% quarter-over-quarter from $56.6 million in Q1 2026.
Two Harbors Investment (TWO) Free Cash Flow (2010 - 2026) Analysis & Trends
Two Harbors Investment's Free Cash Flow history runs 17 years deep, the most recent figure standing at $192.7 million for Q2 2026.
- In Q2 2026, Free Cash Flow rose 94.47% year-over-year to $192.7 million; the TTM figure through Jun 2026 stood at $127.2 million (down 54.08% YoY), while the FY2025 annual figure was $88.9 million, down 55.76% from the prior year.
- Free Cash Flow for Q2 2026 stood at $192.7 million, up from $56.6 million in the prior quarter.
- The five-year high for Free Cash Flow was $369.2 million in Q3 2022, with the low at -$239.2 million in Q3 2025.
- The 5-year median for Free Cash Flow is $104.4 million (2023), against an average of $83.7 million.
- The sharpest annual moves came in 2024 and 2025: Free Cash Flow tumbled 7639.13% in 2024, then jumped 1390.81% in 2025.
- Two Harbors Investment's Free Cash Flow stood at $236.0 million in 2022, then plunged by 53.5% to $109.7 million in 2023, then slumped by 119.19% to -$21.1 million in 2024, then surged by 656.2% to $117.1 million in 2025, then surged by 64.55% to $192.7 million in 2026.
- Business Quant data shows TWO's Free Cash Flow at $192.7 million in Q2 2026, $56.6 million in Q1 2026, and $117.1 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | -6.03 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 218.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 170.66 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 64.17 Mn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 84.15 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 65.21 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 210.18 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | -19.14 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 81.61 Mn |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | 192.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 192.74 Mn |
| Jun 30, 2026 | 192.74 Mn |
| Mar 31, 2026 | 56.58 Mn |
| Mar 31, 2026 | 56.58 Mn |
| Dec 31, 2025 | 117.13 Mn |
| Dec 31, 2025 | 117.13 Mn |
| Sep 30, 2025 | -239.24 Mn |
| Sep 30, 2025 | -239.24 Mn |
| Jun 30, 2025 | 99.11 Mn |
| Jun 30, 2025 | 99.11 Mn |
| Mar 31, 2025 | 111.91 Mn |
| Mar 31, 2025 | 111.91 Mn |
| Dec 31, 2024 | -21.06 Mn |
| Dec 31, 2024 | -21.06 Mn |
| Sep 30, 2024 | 87.08 Mn |
| Sep 30, 2024 | 87.08 Mn |
| Jun 30, 2024 | 143.65 Mn |
| Jun 30, 2024 | 143.65 Mn |
| Mar 31, 2024 | -8.67 Mn |
| Mar 31, 2024 | -8.67 Mn |