All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2026-08-25.
From the record
Two Harbors Investment Corp.'s filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2026-08-25) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-3.6% a year over 10 filed years; profitable in 6 of 10.
From the record
Two Harbors Investment Corp.'s 10 filed years say what it did: revenue went from $575 million in fiscal 2016 to $412 million in fiscal 2025, down 3.6% a year; it rose in 5 of 9 years; the deepest fall was 83% from fiscal 2019 to fiscal 2021; net income was positive in 6 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 6.5% a year. 89% of cash flow returned. Insiders: 13 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Two Harbors Investment Corp.'s diluted share count grew about 6.5% a year, and dividends and buybacks returned about 89% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 13 sales (13 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE -28%: lost 28¢ per shareholder dollar. Leverage 84%: owes 84¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Two Harbors Investment Corp. lost about 28 cents for every dollar of shareholders' money. Leverage: it owed about 84 cents per dollar of assets, and net share issuance: its share count grew 0.5% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 40% of 157 in its family; net margin -123.4%.
From the record
Two Harbors Investment Corp.'s standing among 157 graded names in its industry family: revenue of $412 million in fiscal 2025 ranks in the bottom 41% by size; a net margin of -123.4% ranks in the bottom 1%; revenue growth of 11.7% a year over the last 3 filed years ranks in the top 23% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 28% of 160 in its family for leadership; chief executive since 2021.
From the record
Two Harbors Investment Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Greenberg, William Ross (Chief Executive Officer, as filed), filing under that title since 2021-02-02, 5.8 years (bottom 42% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 4.6 years (bottom 11%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (bottom 29%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 21% of 146 in its family for room to expand.
From the record
Two Harbors Investment Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $842 million against debt of $8.6 billion leaves -71% of its assets as net cash, bottom 6% of its family; cash from operations less capital spending is 21.6% of revenue (bottom 36%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 46% of 153 in its family for growth drivers.
From the record
Two Harbors Investment Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 11.7% a year over the last three filed years against -3.6% over all 10, speeding up (top 5% of its family); the newest year grew -8.5% (bottom 13%) (its annual reports). Two Harbors Investment Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 3% of 150 in its family for expectations against reality.
From the record
Two Harbors Investment Corp.'s newest year against its own record: revenue of $412 million in fiscal 2025 came in 25.8% below the $555 million its prior three years' pace pointed to (bottom 6% of its family); net income of $508 million against a prior three-year average of $94 million (bottom 2%); a net margin of a loss larger than its revenue against 28.8% before (bottom 2%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made