Two Harbors Investment (TWO) Tax Rate (2009 - 2026)
Two Harbors Investment's (TWO) quarterly Tax Rate came in at 11.28% in Q1 2026, up 1179.0% year-on-year from 0.88% in Q1 2025, and down 65.17% quarter-over-quarter from 32.38% in Q4 2025.
Two Harbors Investment (TWO) Tax Rate (2009 - 2026) Analysis & Trends
Two Harbors Investment's Tax Rate history runs 18 years deep, the most recent figure standing at 11.28% for Q1 2026.
- On a quarterly basis, Tax Rate rose 1179.0% year-over-year to 11.28% in Q1 2026; TTM through Mar 2026 was 3.8%, a 7304.0% decrease from a year earlier, with the FY2025 full-year figure at 2.0%, down 1551.0% from the prior year.
- Tax Rate fell to 11.28% in Q1 2026 per TWO's latest filing, from 32.38% in the prior quarter.
- Across five years, Tax Rate topped out at 32.38% in Q4 2025 and bottomed at 55.72% in Q2 2022.
- The 5-year median for Tax Rate is 6.33% (2023), against an average of 4.26%.
- Across the five-year window, Tax Rate sank 26398 bps in 2022 and surged 6482 bps in 2023, its largest moves.
- Year by year, Tax Rate stood at 3.24% in 2022, then soared by 295 bps to 6.33% in 2023, then surged by 59 bps to 10.04% in 2024, then jumped by 223 bps to 32.38% in 2025, then plunged by 65 bps to 11.28% in 2026.
- Per Business Quant, the three latest TWO Tax Rate figures stand at 11.28% (Q1 2026), 32.38% (Q4 2025), and 0.95% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | -0.53% |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | -7.38% |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 29.02% |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | -22.35% |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 1.10% |
| 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 | - | 11.28% |
| 10 | Ladder Capital | 1.20 Bn | 1.17 Bn | - | 17.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.28% |
| Mar 31, 2026 | 11.28% |
| Mar 31, 2026 | 11.28% |
| Dec 31, 2025 | 32.38% |
| Dec 31, 2025 | 32.38% |
| Dec 31, 2025 | 32.38% |
| Sep 30, 2025 | -0.95% |
| Sep 30, 2025 | -0.95% |
| Sep 30, 2025 | -0.95% |
| Jun 30, 2025 | -0.65% |
| Jun 30, 2025 | -0.65% |
| Jun 30, 2025 | -0.65% |
| Mar 31, 2025 | -0.51% |
| Mar 31, 2025 | -0.51% |
| Mar 31, 2025 | -0.51% |
| Dec 31, 2024 | 10.04% |
| Dec 31, 2024 | 10.04% |
| Dec 31, 2024 | 10.04% |
| Sep 30, 2024 | 4.20% |
| Sep 30, 2024 | 4.20% |