Two Harbors Investment Corp. (TWO) Earnings History
Annual and quarterly earnings data from 2007 to 2025
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TWO EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
TWO Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 97.9% | 68.7% | -75.0% |
| 2024 | 104.5% | 112.4% | 35.3% |
| 2023 | 88.4% | 87.4% | -16.6% |
| 2022 | -646.6% | 4623.6% | 1747.1% |
| 2021 | - | - | - |
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Two Harbors Investment Corp. (TWO) Earnings Overview
As of May 6, 2026, Two Harbors Investment Corp. (TWO) reported trailing twelve-month net income of -$343M, reflecting -284.0% year-over-year growth. The company earned $-3.17 per diluted share over the past four quarters, with a net profit margin of -75.0%.
Looking at the long-term picture, TWO's historical earnings data spans multiple years. The company achieved its highest annual net income of $579M in fiscal 2013.
Two Harbors Investment Corp. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including AGNC ($838M net income, 17.7% margin), NLY ($2.03B net income, 30.3% margin), DX ($319M net income, 75.9% margin), TWO has room to improve margins relative to the peer group. Compare TWO vs AGNC →
TWO Earnings vs Peers
Earnings metrics vs comparable public companies
TWO Historical Earnings Data (2007–2025)
19 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$454M | -252.4% | $416M | $-4.36 | -75.0% | 68.7% |
| 2024 | $298M | +380.3% | $951M | $2.37 | 35.3% | 112.4% |
| 2023 | -$106M | -148.3% | $560M | $-1.60 | -16.6% | 87.4% |
| 2022 | $220M | +17.6% | $583M | $2.13 | 1747.1% | 4623.6% |
| 2021 | $187M | +111.5% | $281M | $1.72 | - | - |
| 2020 | -$1.63B | -603.2% | -$1.38B | $-23.83 | - | - |
| 2019 | $324M | +831.5% | $1.04B | $3.72 | 17.1% | 54.7% |
| 2018 | -$44M | -112.7% | $613M | $-0.86 | -6.3% | 86.5% |
| 2017 | $349M | -1.3% | $649M | $7.24 | 41.6% | 77.4% |
| 2016 | $353M | -28.2% | $335M | $8.08 | 70.8% | 67.2% |
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Start ComparisonTWO — Frequently Asked Questions
Quick answers to the most common questions about buying TWO stock.
Is TWO growing earnings?
TWO EPS fell to $-3.17, with earnings declining -284.0%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $-343M.
What are TWO's profit margins?
Two Harbors Investment Corp. net margin is -75.0%, with operating margin at +68.7%. Below-average margins reflect competitive or cost pressures.
How consistent are TWO's earnings?
TWO earnings data spans 2007-2025. The declining earnings trend is -284.0% YoY. Historical data enables comparison across business cycles.