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U.S. Alternative Carriers Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies27
  • 7D6.9%
  • 3M38.4%
  • 1Y138.4%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has risen 6.9%, driven by gains from AST SpaceMobile of 9.3%. This means that the industry has gained 138% over the past year. As for the next few years, earnings are expected to grow by 98% per annum.

Industry Valuation and Performance

Has the U.S. Alternative Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026US$54.0bUS$12.5b-US$8,082,751,115.9024.1x-6.7x4.3x
Fri, 13 Feb 2026US$54.7bUS$12.3b-US$2,939,246,012.9318.7x-18.6x4.4x
Sun, 11 Jan 2026US$54.6bUS$12.3b-US$2,936,060,378.2116.1x-18.6x4.4x
Tue, 09 Dec 2025US$46.7bUS$12.3b-US$2,935,203,087.1414.8x-15.9x3.8x
Thu, 06 Nov 2025US$42.0bUS$12.2b-US$3,479,589,551.5815x-12.1x3.4x
Sat, 04 Oct 2025US$39.9bUS$12.1b-US$4,805,533,941.8617.6x-8.3x3.3x
Mon, 01 Sep 2025US$32.5bUS$12.1b-US$4,806,798,097.7123.3x-6.8x2.7x
Wed, 30 Jul 2025US$31.6bUS$12.0b-US$1,355,529,544.2050.8x-23.3x2.6x
Fri, 27 Jun 2025US$30.1bUS$11.9b-US$1,333,099,185.9148.7x-22.6x2.5x
Sun, 25 May 2025US$19.5bUS$11.7b-US$1,344,380,596.9749x-14.5x1.7x
Tue, 22 Apr 2025US$22.3bUS$12.6bUS$555.6m22.4x40.2x1.8x
Thu, 20 Mar 2025US$25.4bUS$12.5bUS$661.8m17.9x38.4x2x
Sat, 15 Feb 2025US$26.0bUS$15.4b-US$4,980,924,009.6298.7x-5.2x1.7x
Mon, 13 Jan 2025US$23.6bUS$15.4b-US$4,983,719,993.5971.2x-4.7x1.5x
Wed, 11 Dec 2024US$26.3bUS$15.4b-US$4,980,848,463.5777.4x-5.3x1.7x
Fri, 08 Nov 2024US$32.4bUS$15.4b-US$4,817,003,424.5874.6x-6.7x2.1x
Sun, 06 Oct 2024US$27.9bUS$15.3b-US$2,262,967,483.8378.7x-12.3x1.8x
Tue, 03 Sep 2024US$27.1bUS$15.3b-US$2,262,969,654.1272.4x-12x1.8x
Thu, 01 Aug 2024US$25.5bUS$15.2b-US$975,985,475.2038.4x-26.2x1.7x
Sat, 29 Jun 2024US$21.0bUS$15.2b-US$1,804,729,695.25118.6x-11.6x1.4x
Mon, 27 May 2024US$19.2bUS$15.2b-US$1,779,774,331.21109.6x-10.8x1.3x
Wed, 24 Apr 2024US$18.9bUS$15.6b-US$3,025,321,869.8680.3x-6.3x1.2x
Fri, 22 Mar 2024US$19.3bUS$15.6b-US$3,012,320,319.3180.3x-6.4x1.2x
Sun, 18 Feb 2024US$21.3bUS$15.5b-US$2,919,834,754.6745.2x-7.3x1.4x
Tue, 16 Jan 2024US$26.3bUS$32.1b-US$15,448,915,417.0014.5x-1.7x0.8x
Thu, 14 Dec 2023US$23.8bUS$32.0b-US$15,448,784,619.0011.5x-1.5x0.7x
Sat, 11 Nov 2023US$22.4bUS$32.1b-US$15,460,059,264.009.2x-1.5x0.7x
Mon, 09 Oct 2023US$24.6bUS$32.8b-US$13,163,130,719.008.6x-1.9x0.8x
Wed, 06 Sep 2023US$27.4bUS$32.8b-US$13,163,129,794.0011.8x-2.1x0.8x
Fri, 04 Aug 2023US$24.3bUS$32.3b-US$14,798,336,529.0013.9x-1.6x0.8x
Sun, 02 Jul 2023US$25.9bUS$33.1b-US$3,283,747,988.0027.3x-7.9x0.8x
Tue, 30 May 2023US$25.0bUS$33.1b-US$3,311,123,042.0023.7x-7.5x0.8x
Thu, 27 Apr 2023US$26.1bUS$34.1b-US$1,328,202,993.0016x-19.7x0.8x
Sat, 25 Mar 2023US$26.5bUS$34.0b-US$1,330,658,226.0018.7x-19.9x0.8x
Price to Earnings Ratio

-19.9x


Total Market Cap: US$26.5bTotal Earnings: -US$1,330,658,226.00Total Revenue: US$34.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -6.6x202420252026
Current Industry PE
  • Investors are optimistic on the American Alternative Carriers industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Alternative Carriers industry have deteriorated over the last three years.
  • Revenues have also declined 28% per year.
  • This means overall sales from these companies are declining and losses are subsequently expanding as well.

Industry Comparison

How does U.S. Alternative Carriers compare with similar industries?

US Market-0.97%
Telecom-0.90%
Telecom Services and Carriers0.0035%
Alternative Carriers6.89%
Integrated Telecom Services-0.66%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ASTS AST SpaceMobileUS$95.709.3%
+US$2.4b		264.6%PS394.9x
GSAT GlobalstarUS$60.783.4%
+US$258.4m		192.5%PS28.6x
IRDM Iridium CommunicationsUS$26.245.7%
+US$148.0m		-4.1%PE24.1x
LUMN Lumen TechnologiesUS$6.811.6%
+US$112.7m		39.5%PS0.6x
TSAT TelesatUS$42.3421.7%
+US$111.6m		84.5%PS1.9x

Latest News

TSAT
US$42.34
Telesat
7D
21.7%
1Y
84.5%
GSAT
US$60.78
Globalstar
7D
3.4%
1Y
192.5%

GSAT: De Risked Satellite Services And Spectrum Optionality Will Drive Upside Potential

Analysts have lifted Globalstar's price target to $71 from $66, citing a combination of a "de-risked" Apple supported satellite services business, underused terrestrial spectrum assets, and improved government services expectations related to XCOM Radio Access Network's commercial progress. Analyst Commentary Analysts lifting the price target to $71 frame Globalstar as a hybrid story, combining its satellite services with underused terrestrial spectrum and potential government work tied to XCOM Radio Access Network.
LUMN
US$6.81
Lumen Technologies
7D
1.6%
1Y
39.5%

LUMN: Balance Sheet Repair Will Not Resolve Ongoing Revenue Execution Concerns

Analysts have raised the Lumen Technologies price target by $1 to a new fair value estimate of $6.00. This reflects a combination of higher applied multiples, ongoing balance sheet repair, asset sale proceeds, and cost cutting, partially offset by a higher discount rate and continued caution around revenue trends.
LBTY.A
US$12.18
Liberty Global
7D
-2.4%
1Y
3.7%

LBTY.A: Future Fiber Deals And Cash Returns Will Support Upside

Narrative Update on Liberty Global Analysts have nudged their price target on Liberty Global higher to $14 from $13, reflecting updated forecasts and valuation work following the latest company results. Analyst Commentary Analyst research around the new US$14 price target centers on updated forecasts and valuation work after the latest company results, with views divided between potential upside and execution risk.
IRDM
US$26.24
Iridium Communications
7D
5.7%
1Y
-4.1%
LILA
US$7.93
Liberty Latin America
7D
3.5%
1Y
18.2%

LILA: Future Cash Returns Will Be Balanced By Margin And P/E Uncertainty

Analysts have maintained their price target on Liberty Latin America at $8.00, reflecting slightly updated views on revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: Kept steady at $8.00 per share, indicating no change in the overall valuation anchor.
ASTS
US$95.70
AST SpaceMobile
7D
9.3%
1Y
264.6%
CCOI
US$20.33
Cogent Communications Holdings
7D
-7.6%
1Y
-71.1%

CCOI: Future Data Center Sales And Refinancing Plans Will Support Recovery

Our updated narrative price target for Cogent Communications Holdings moves lower by about $2.40 to $26.27. This reflects analysts' recent target cuts into the low $20s to $40 range after softer Q4 results, slower waves growth, and uncertainty around planned data center sales and balance sheet outcomes.
BAND
US$15.04
Bandwidth
7D
-7.8%
1Y
1.5%
ATEX
US$37.77
Anterix
7D
-4.2%
1Y
-3.1%
IOTR
US$1.86
iOThree
7D
-7.9%
1Y
n/a
NXPL
US$0.48
NextPlat
7D
0.8%
1Y
-49.5%

NextPlat Corp (NASDAQ:NXPL) Stock Rockets 25% But Many Are Still Ignoring The Company

Jan 29
NextPlat Corp (NASDAQ:NXPL) Stock Rockets 25% But Many Are Still Ignoring The Company
SIFY
US$14.04
Sify Technologies
7D
-2.6%
1Y
193.7%
ELWT
US$6.85
Elauwit Connection
7D
1.6%
1Y
n/a