Two Harbors Investment (FRA:2H2) FCF Margin %: 64.80% (As of Mar. 2026)


FRA:2H2 Two Harbors Investment Corp FRA:2H2
31 GF Score
Price €10.88
! 6 Warning Signs
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What is Two Harbors Investment FCF Margin %?

Two Harbors Investment FRA:2H2 +0.55% 31 FCF Margin % is 64.80% as of Mar. 2026. GuruFocus rates FRA:2H2 with a GF Score™ of 31/100. The stock has 6 warning signs investors should review. Among 936 REITs companies, Two Harbors Investment ranks worse than 90.38% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Two Harbors Investment's Free Cash Flow for the three months ended in Mar. 2026 was €48.1 Mil. Two Harbors Investment's Revenue for the three months ended in Mar. 2026 was €74.2 Mil. Therefore, Two Harbors Investment's FCF Margin % for the quarter that ended in Mar. 2026 was 64.80%.

As of today, Two Harbors Investment's current FCF Yield % is -5.38%.

The historical rank and industry rank for Two Harbors Investment's FCF Margin % or its related term are showing as below:

FRA:2H2' s FCF Margin % Range Over the Past 10 Years
Min: -147.27   Med: -1.08   Max: 103.61
Current: -29.37


During the past 13 years, the highest FCF Margin % of Two Harbors Investment was 103.61%. The lowest was -147.27%. And the median was -1.08%.

FRA:2H2's FCF Margin % is ranked worse than
90.38% of 936 companies
in the REITs industry
Industry Median: 40.025 vs FRA:2H2: -29.37


Two Harbors Investment FCF Margin % Related Terms


Two Harbors Investment FCF Margin % Historical Data

* Premium members only.

The historical data trend for Two Harbors Investment's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Two Harbors Investment FCF Margin % Chart

Two Harbors Investment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -124.85 -1.57 97.13 17.01 -13.10

Two Harbors Investment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -350.15 -52.54 -267.39 167.33 64.80

FRA:2H2 vs LADR, ORC, CIM: FCF Margin % Comparison

For the REIT - Mortgage subindustry, Two Harbors Investment's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Two Harbors Investment FCF Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Two Harbors Investment's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Two Harbors Investment's FCF Margin % falls into.


FRA:2H2
31GF Score
Two Harbors Investment Corp FRA:2H2
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Two Harbors Investment FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Two Harbors Investment's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-12.869/98.261
=-13.10 %

Two Harbors Investment's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=48.09/74.216
=64.80 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 64.80% mean?
Two Harbors Investment (FRA:2H2) has a FCF Margin % of 64.80% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Two Harbors Investment and its competitors. According to the industry distribution chart, Two Harbors Investment ranks #846 out of 936 companies in the REITs industry, placing it in the top 90.4%.
Is Two Harbors Investment's FCF Margin % too high?
Two Harbors Investment's current FCF Margin % is 64.80%. The REITs industry median FCF Margin % is 40.03. Two Harbors Investment's value of 64.80% is 61.9% above this industry median. Based on the distribution chart, Two Harbors Investment ranks #846 out of 936 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Two Harbors Investment has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Two Harbors Investment's FCF Margin % compare to LADR and ORC?
According to the REITs industry distribution chart, Two Harbors Investment ranks #846 out of 936 companies for FCF Margin %. This places Two Harbors Investment in the lower half of its industry. The industry median FCF Margin % is 40.03. Two Harbors Investment's value of 64.80% is 61.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 40.03, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Two Harbors Investment's current FCF Margin % of 64.80% is 61.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Two Harbors Investment and its competitors. For the REITs industry, the median FCF Margin % is 40.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Two Harbors Investment's current FCF Margin % is 64.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Two Harbors Investment stock overvalued right now?
Two Harbors Investment (FRA:2H2) has a current FCF Margin % of 64.80%. The current FCF Margin % is 64.80% and 61.9% above the REITs industry median of 40.03. Two Harbors Investment's overall GF Score™ is 31/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Two Harbors Investment (FRA:2H2), the current FCF Margin % is 64.80% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Two Harbors Investment Business Description

Industry Real EstateREITs
Address 1601 Utica Avenue South, Suite 900, St. Louis Park, MN, USA, 55416
Two Harbors Investment Corp is a real estate investment trust focused on investing in, financing, and managing residential mortgage-backed securities, residential mortgage loans, mortgage servicing rights, and commercial real estate. The majority of its investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. The company derives revenues mainly from its MSR and Agency RMBS portfolio, including servicing fee income, float income, and interest income, as well as mortgage loan origination activities established to support the MSR portfolio. Its investment portfolio is subject to market risks, mainly interest rate, basis, and prepayment risk. The majority of income is generated by available-for-sale securities.
31GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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