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STOCKS

Two Harbors (TWO)

NYSE:TWO

TWO

Two Harbors

RESEARCH TOOLSreports

Two Harbors (TWO) Ratios

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2,434 Followers

Two Harbors Ratios

TWO's free cash flow for Q4 2025 was $0.98. For the 2025 fiscal year, TWO's free cash flow was decreased by $ and operating cash flow was $0.68. See a summary of the company’s cash flow.

Ratios	TTM	Dec 25	Dec 24	Dec 23	Dec 22
Liquidity Ratios
Current Ratio	0.97	0.19	0.06	0.74	7.22
Quick Ratio	0.97	0.19	0.06	0.74	7.22
Cash Ratio	0.11	0.11	0.06	0.50	0.56
Solvency Ratio	-0.05	-0.05	0.03	>-0.01	0.02
Operating Cash Flow Ratio	0.01	0.01	0.02	0.23	0.51
Short-Term Operating Cash Flow Coverage	0.01	0.01	0.20	0.26	0.56
Net Current Asset Value	$ -1.69B	$ -7.60B	$ -9.58B	$ -9.85B	$ -2.53B
Leverage Ratios
Debt-to-Assets Ratio	0.79	0.79	0.11	0.14	0.13
Debt-to-Equity Ratio	4.79	4.79	0.60	0.86	0.82
Debt-to-Capital Ratio	0.83	0.83	0.38	0.46	0.45
Long-Term Debt-to-Capital Ratio	0.35	0.35	0.11	0.20	0.24
Financial Leverage Ratio	6.07	6.07	5.75	5.96	6.17
Debt Service Coverage Ratio	0.05	0.05	0.55	0.27	0.35
Interest Coverage Ratio	0.86	0.86	1.56	0.87	2.26
Debt to Market Cap	7.98	7.83	1.05	1.42	1.19
Interest Debt Per Share	86.84	86.91	18.25	26.51	21.42
Net Debt to EBITDA	18.36	18.36	0.82	2.08	1.91
Profitability Margins
Gross Profit Margin	136.52%	98.66%	104.55%	88.43%	-646.62%
EBIT Margin	110.45%	44.15%	112.44%	87.49%	4623.57%
EBITDA Margin	110.45%	44.15%	112.44%	87.52%	4623.57%
Operating Profit Margin	110.45%	44.15%	112.44%	87.41%	4623.57%
Pretax Profit Margin	-116.99%	-46.77%	40.76%	-13.02%	2573.79%
Net Profit Margin	-119.32%	-47.70%	35.25%	-16.61%	1747.10%
Continuous Operations Profit Margin	-119.32%	-47.70%	35.25%	-16.61%	1747.10%
Net Income Per EBT	101.99%	101.99%	86.49%	127.55%	67.88%
EBT Per EBIT	-105.92%	-105.92%	36.25%	-14.90%	55.67%
Return on Assets (ROA)	-4.18%	-4.18%	2.44%	-0.81%	1.64%
Return on Equity (ROE)	-23.93%	-25.41%	14.05%	-4.83%	10.09%
Return on Capital Employed (ROCE)	12.91%	12.91%	26.39%	4.80%	4.76%
Return on Invested Capital (ROIC)	5.69%	3.87%	17.78%	4.54%	2.04%
Return on Tangible Assets	-5.38%	-5.38%	3.24%	-1.05%	2.10%
Earnings Yield	-42.69%	-41.54%	24.34%	-7.98%	14.54%
Efficiency Ratios
Receivables Turnover	27.93	69.88	2.01	1.79	0.04
Payables Turnover	0.00	0.16	0.00	0.52	1.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00
Asset Turnover	0.04	0.09	0.07	0.05	<0.01
Working Capital Turnover Ratio	-0.10	-0.13	-0.20	0.18	<0.01
Cash Conversion Cycle	13.07	-2.34K	181.15	204.34	259.41
Days of Sales Outstanding	13.07	5.22	181.15	204.34	259.41
Days of Inventory Outstanding	0.00	0.00	0.00	0.00	0.00
Days of Payables Outstanding	0.00	2.35K	0.00	0.00	0.00
Operating Cycle	13.07	5.22	181.15	204.34	259.41
Cash Flow Ratios
Operating Cash Flow Per Share	0.85	0.85	1.94	3.59	6.49
Free Cash Flow Per Share	-0.12	0.85	0.84	0.32	-0.07
CapEx Per Share	1.00	1.00	1.10	3.27	6.56
Free Cash Flow to Operating Cash Flow	-0.14	1.00	0.43	0.09	-0.01
Dividend Paid and CapEx Coverage Ratio	0.27	0.27	0.58	0.61	0.68
Capital Expenditure Coverage Ratio	0.86	0.86	1.76	1.10	0.99
Operating Cash Flow Coverage Ratio	0.01	0.01	0.16	0.18	0.35
Operating Cash Flow to Sales Ratio	0.23	0.09	0.24	0.54	49.45
Free Cash Flow Yield	-1.18%	8.13%	7.09%	2.32%	-0.42%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	-2.34	-2.41	4.11	-12.53	6.88
Price-to-Sales (P/S) Ratio	2.82	1.15	1.45	2.08	120.19
Price-to-Book (P/B) Ratio	0.60	0.61	0.58	0.60	0.69
Price-to-Free Cash Flow (P/FCF) Ratio	-84.78	12.30	14.10	43.17	-236.44
Price-to-Operating Cash Flow Ratio	11.97	12.30	6.10	3.88	2.43
Price-to-Earnings Growth (PEG) Ratio	0.02	<0.01	-0.02	0.07	0.28
Price-to-Fair Value	0.60	0.61	0.58	0.60	0.69
Enterprise Value Multiple	20.91	20.96	2.11	4.45	4.51
Enterprise Value	8.79B	8.81B	2.00B	2.50B	2.63B
EV to EBITDA	20.91	20.96	2.11	4.45	4.51
EV to Sales	23.09	9.25	2.37	3.90	6.46
EV to Free Cash Flow	-694.93	99.11	23.05	80.85	-410.58
EV to Operating Cash Flow	98.87	99.11	9.96	7.27	4.22
Tangible Book Value Per Share	-6.08	-6.09	-8.42	-8.87	-8.34
Shareholders’ Equity Per Share	17.15	17.16	20.49	23.03	22.73
Tax and Other Ratios
Effective Tax Rate	-0.02	-0.02	0.14	-0.28	0.32
Revenue Per Share	3.65	9.14	8.17	6.69	0.13
Net Income Per Share	-4.36	-4.36	2.88	-1.11	2.29
Tax Burden	1.02	1.02	0.86	1.28	0.68
Interest Burden	-1.06	-1.06	0.36	-0.15	0.56
Research & Development to Revenue	0.00	0.00	0.00	0.00	0.00
SG&A to Revenue	0.30	0.00	0.11	0.08	0.10
Stock-Based Compensation to Revenue	<0.01	0.00	0.01	0.02	0.03
Income Quality	7.59	-0.20	0.67	-3.23	2.83

Currency in USD