Two Harbors Investment (TWO) Interest Coverage Ratio (2009 - 2026)
Two Harbors Investment's (TWO) quarterly Interest Coverage Ratio came in at 1.28 in Q1 2026, up 216.86% year-on-year from 0.4 in Q1 2025, and up 2.46% quarter-over-quarter from 1.25 in Q4 2025.
Two Harbors Investment (TWO) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Two Harbors Investment's Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 1.28 for Q1 2026.
- On a quarterly basis, Interest Coverage Ratio rose 216.86% year-over-year to 1.28 in Q1 2026; TTM through Mar 2026 was 0.27, a 74.94% decrease from a year earlier, with the FY2025 full-year figure at 0.09, down 94.05% from the prior year.
- Interest Coverage Ratio rose to 1.28 in Q1 2026 per TWO's latest filing, from 1.25 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 13.97 in Q1 2022 and bottomed at 1.47 in Q4 2023.
- The 5-year median for Interest Coverage Ratio is 1.25 (2025), against an average of 1.74.
- Across the five-year window, Interest Coverage Ratio tumbled 221.49% in 2022 and soared 1217.94% in 2024, its largest moves.
- Year by year, Interest Coverage Ratio stood at 1.26 in 2022, then slipped by 16.0% to 1.47 in 2023, then soared by 375.68% to 4.04 in 2024, then slumped by 69.15% to 1.25 in 2025, then gained by 2.46% to 1.28 in 2026.
- Per Business Quant, the three latest TWO Interest Coverage Ratio figures stand at 1.28 (Q1 2026), 1.25 (Q4 2025), and 0.08 (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 1.23 |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 1.16 |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 1.35 |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 0.98 |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 1.93 |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 1.28 |
| 10 | Ladder Capital | 1.20 Bn | 1.17 Bn | - | 1.06 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.28 |
| Dec 31, 2025 | 1.25 |
| Sep 30, 2025 | -0.08 |
| Jun 30, 2025 | -0.88 |
| Mar 31, 2025 | 0.40 |
| Dec 31, 2024 | 4.04 |
| Sep 30, 2024 | -0.61 |
| Jun 30, 2024 | 1.46 |
| Mar 31, 2024 | 2.00 |
| Dec 31, 2023 | -1.47 |
| Sep 30, 2023 | 2.98 |
| Jun 30, 2023 | 2.36 |
| Mar 31, 2023 | -0.18 |
| Dec 31, 2022 | -1.26 |
| Sep 30, 2022 | 4.58 |
| Jun 30, 2022 | -0.25 |
| Mar 31, 2022 | 13.97 |
| Dec 31, 2021 | 1.04 |
| Sep 30, 2021 | 4.05 |
| Jun 30, 2021 | -4.69 |