Two Harbors Investment (TWOD) EBT Margin (2009 - 2026)
Two Harbors Investment's EBT Margin came in at 55.99% for Q2 2026, up 297.76 percentage points from -241.77% a year earlier and up 24.33 percentage points from the prior quarter.
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Analysis
Two Harbors Investment (TWOD) EBT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Two Harbors Investment reported EBT Margin of -1.01%, up 58.55 percentage points year-over-year; for FY2025, it came in at -97.99%, down 168.97 percentage points from FY2024.
- EBT Margin carries a four-year change of -125.90 percentage points (FY2021 to FY2025).
- Going back by year, EBT Margin was 70.98% in FY2024 (+91.62 pp), -20.64% in FY2023 (-834.66 pp), 814.02% in FY2022 (+786.12 pp) and 27.90% in FY2021.
- The Q2 2026 figure represents the highest quarterly EBT Margin since Q4 2024.
- Year-over-year, EBT Margin increased in four of the last eight quarters, with an average year-over-year change of +51.25 percentage points.
- The fastest year-over-year change in EBT Margin over five years came in Q4 2024 (a gain of 1167.53 percentage points), and the weakest in Q1 2023 (a drop of 601.67 percentage points).
- Business Quant data shows TWOD's EBT Margin at 31.66% (Q1 2026), 14.79% (Q4 2025) and -98.50% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.45 Bn | 29.13 Bn | - | 10.09% |
| 2 | Orix | 41.46 Bn | 10.67 Bn | 12.74 Bn | 18.79% |
| 3 | Royalty Pharma | 37.27 Bn | 37.19 Bn | - | 12.09% |
| 4 | Affirm Holdings | 24.72 Bn | 18.41 Bn | - | 14.50% |
| 5 | Federal National Mortgage Association Fannie Mae | 23.76 Bn | 23.76 Bn | - | 61.04% |
| 6 | Synchrony Financial | 23.45 Bn | -44.18 Bn | - | 24.03% |
| 7 | Royal Gold | 20.49 Bn | 19.71 Bn | 390.45 Mn | 65.65% |
| 8 | Annaly Capital Management | 14.34 Bn | 5.37 Bn | - | -114.70% |
| 9 | Ares Capital | 13.38 Bn | 11.13 Bn | - | - |
| 10 | Two Harbors Investment | 2.69 Bn | -37.29 Mn | - | 55.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 55.99% |
| Mar 31, 2026 | 31.66% |
| Dec 31, 2025 | 14.79% |
| Sep 30, 2025 | -98.50% |
| Jun 30, 2025 | -241.77% |
| Mar 31, 2025 | -75.80% |
| Dec 31, 2024 | 245.07% |
| Sep 30, 2024 | -191.52% |
| Jun 30, 2024 | 60.93% |
| Mar 31, 2024 | 190.39% |
| Dec 31, 2023 | -922.46% |
| Sep 30, 2023 | 265.07% |
| Jun 30, 2023 | 166.97% |
| Mar 31, 2023 | -281.39% |
| Sep 30, 2022 | 166.99% |
| Mar 31, 2022 | 320.28% |
| Dec 31, 2021 | 0.57% |
| Sep 30, 2021 | 42.26% |
| Jun 30, 2021 | -92.98% |
| Mar 31, 2021 | 96.55% |
API Access
Two Harbors Investment EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=TWOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "TWOD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=TWOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();