Two Harbors Investments Corp (TWO) — Free Cash Flow Generation Index
Two Harbors Investments Corp (TWO) has a Free Cash Flow Generation Index of 0.98x as of March 2026. Free cash flow of $55.59 Million represents 1% of operating cash flow ($56.58 Million). Explore TWO capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Two Harbors Investments Corp Free Cash Flow Generation Index (2007–2025)
Historical FCF Generation Index trend for Two Harbors Investments Corp across 15 annual periods. For the full cash flow conversion analysis, see TWO cash flow metrics.
Annual Free Cash Flow Generation for Two Harbors Investments Corp (2007–2025)
Year-by-year Free Cash Flow Generation Index for Two Harbors Investments Corp. Check Two Harbors Investments Corp (TWO) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.17x | $-15.07 Million | $88.92 Million | $103.99 Million | ▼ -139.2% |
| 2024 | 0.43x | $86.88 Million | $201.00 Million | $114.12 Million | ▲ +380.9% |
| 2023 | 0.09x | $30.87 Million | $343.51 Million | $312.64 Million | ▲ +974.3% |
| 2022 | -0.01x | $-6.41 Million | $623.40 Million | $629.81 Million | ▲ +98.6% |
| 2021 | -0.75x | $-318.64 Million | $423.51 Million | $742.15 Million | ▼ -5267.0% |
| 2020 | 0.01x | $9.20 Million | $631.60 Million | $622.41 Million | ▼ -96.5% |
| 2019 | 0.42x | $442.97 Million | $1.06 Billion | $613.66 Million | ▲ +207.7% |
| 2018 | -0.39x | $-273.52 Million | $702.87 Million | $976.39 Million | ▼ -292.7% |
| 2017 | 0.20x | $122.52 Million | $606.78 Million | $484.26 Million | ▲ +162.0% |
| 2016 | -0.33x | $-78.03 Million | $239.68 Million | $317.71 Million | ▼ -132.6% |
| 2012 | 1.00x | $163.13 Million | $163.13 Million | $293.75 Million | ▲ +0.0% |
| 2011 | 1.00x | $151.64 Million | $151.64 Million | $0.00 | ▲ +0.0% |
| 2010 | 1.00x | $33.11 Million | $33.11 Million | $0.00 | ▲ +0.0% |
| 2008 | 1.00x | $1.76 Million | $1.76 Million | $0.00 | ▲ +0.0% |
| 2007 | 1.00x | $1.39 Million | $1.39 Million | $0.00 | — |