Two Harbors Investment (TWOD) Invested Capital (2013 - 2026)
Two Harbors Investment's Invested Capital was $1.86 billion in Q2 2026, down 7.3% from $2.01 billion a year earlier but up 0.3% from the prior quarter.
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Analysis
Two Harbors Investment (TWOD) Invested Capital (2013 - 2026) Analysis & Trends
For FY2025, Invested Capital at Two Harbors Investment came in at $1.91 billion, down 10.2% from FY2024.
- Invested Capital has now declined for six consecutive years, with a five-year compound annual growth rate of -11.3% (FY2020 to FY2025).
- In earlier years, Invested Capital was $2.12 billion in FY2024 (-15.0%), $2.5 billion in FY2023 (-3.2%), $2.58 billion in FY2022 (-17.8%) and $3.14 billion in FY2021 (-9.9%).
- Quarterly Invested Capital has moved between $1.86 billion (Q1 2026) and $3.14 billion (Q4 2021) over five years.
- Compared with a year earlier, Invested Capital has declined for 16 straight quarters, with an average decline of 11.6% over the last eight quarters.
- The year-over-year decline in Invested Capital has ranged between 0.0% (Q2 2022) and 18.8% (Q3 2022) over the last five years.
- Per Business Quant data, TWOD's Invested Capital in the three quarters before Q2 2026 was $1.86 billion (Q1 2026), $1.91 billion (Q4 2025) and $1.89 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 42.38 Bn | 31.20 Bn | - | 49.21 Bn |
| 2 | Orix | 41.38 Bn | 10.10 Bn | 12.74 Bn | 68.55 Bn |
| 3 | Royalty Pharma | 29.79 Bn | 26.75 Bn | - | 18.75 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 29.16 Bn | 29.16 Bn | - | 4,288.89 Bn |
| 5 | Affirm Holdings | 25.73 Bn | 19.42 Bn | - | 8.82 Bn |
| 6 | Synchrony Financial | 23.81 Bn | -43.82 Bn | - | 24.66 Bn |
| 7 | Royal Gold | 20.91 Bn | 20.09 Bn | 390.45 Mn | 8.03 Bn |
| 8 | Federal Home Loan Mortgage | 14.78 Bn | -3.90 Bn | - | 247.50 Bn |
| 9 | Annaly Capital Management | 14.45 Bn | 5.41 Bn | - | 54.27 Bn |
| 10 | Two Harbors Investment | 2.67 Bn | -64.63 Mn | - | 1.86 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.86 Bn |
| Mar 31, 2026 | 1.86 Bn |
| Dec 31, 2025 | 1.91 Bn |
| Sep 30, 2025 | 1.89 Bn |
| Jun 30, 2025 | 2.01 Bn |
| Mar 31, 2025 | 2.15 Bn |
| Dec 31, 2024 | 2.12 Bn |
| Sep 30, 2024 | 2.17 Bn |
| Jun 30, 2024 | 2.20 Bn |
| Mar 31, 2024 | 2.54 Bn |
| Dec 31, 2023 | 2.50 Bn |
| Sep 30, 2023 | 2.41 Bn |
| Jun 30, 2023 | 2.61 Bn |
| Mar 31, 2023 | 2.64 Bn |
| Dec 31, 2022 | 2.58 Bn |
| Sep 30, 2022 | 2.54 Bn |
| Jun 30, 2022 | 2.88 Bn |
| Mar 31, 2022 | 3.03 Bn |
| Dec 31, 2021 | 3.14 Bn |
| Sep 30, 2021 | 3.13 Bn |
API Access
Two Harbors Investment Invested Capital 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=invested-capital&ticker=TWOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=TWOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();