Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Alternative Carriers Industry Analysis

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies30
  • 7D-18.2%
  • 3M33.5%
  • 1Y77.5%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has dropped 18%, driven by pullbacks from every company within the industry. Over the past 12 months, the industry was up 78%. As for the next few years, earnings are expected to grow by 75% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Dec 2025US$43.8bUS$12.3b-US$2,935,917,391.8713.8x-14.9x3.6x
Sat, 15 Nov 2025US$40.7bUS$12.3b-US$2,934,581,727.5513.8x-13.9x3.3x
Mon, 13 Oct 2025US$46.1bUS$12.1b-US$4,805,291,575.2817.2x-9.6x3.8x
Wed, 10 Sep 2025US$28.9bUS$12.1b-US$4,806,111,824.7618x-6x2.4x
Fri, 08 Aug 2025US$31.3bUS$12.1b-US$4,472,243,674.3149.3x-7x2.6x
Sun, 06 Jul 2025US$29.6bUS$11.9b-US$1,333,261,456.7849.7x-22.2x2.5x
Tue, 03 Jun 2025US$19.2bUS$11.7b-US$1,344,464,430.2547.1x-14.3x1.7x
Thu, 01 May 2025US$22.6bUS$12.6bUS$566.1m21.1x39.8x1.8x
Sat, 29 Mar 2025US$24.9bUS$12.5bUS$565.0m26.6x44.1x2x
Mon, 24 Feb 2025US$25.0bUS$12.1bUS$910.2m63.1x27.5x2.1x
Wed, 22 Jan 2025US$23.1bUS$15.4b-US$4,987,489,552.6488.6x-4.6x1.5x
Fri, 20 Dec 2024US$24.2bUS$15.4b-US$4,980,853,180.3972.4x-4.9x1.6x
Sun, 17 Nov 2024US$24.6bUS$15.4b-US$4,980,832,655.4573x-4.9x1.6x
Tue, 15 Oct 2024US$27.3bUS$15.3b-US$2,262,966,229.9783.3x-12.1x1.8x
Thu, 12 Sep 2024US$26.7bUS$15.3b-US$2,262,968,305.5172.5x-11.8x1.7x
Sat, 10 Aug 2024US$24.7bUS$15.3b-US$2,225,191,668.0874x-11.1x1.6x
Mon, 08 Jul 2024US$19.9bUS$15.2b-US$1,804,730,179.55118.5x-11x1.3x
Wed, 05 Jun 2024US$20.1bUS$15.2b-US$1,779,778,086.95109.4x-11.3x1.3x
Fri, 03 May 2024US$19.2bUS$15.7b-US$1,793,922,480.3370.6x-10.7x1.2x
Sun, 31 Mar 2024US$19.4bUS$15.6b-US$3,010,916,436.0183.9x-6.4x1.2x
Tue, 27 Feb 2024US$20.8bUS$15.5b-US$3,156,333,838.58135.2x-6.6x1.3x
Thu, 25 Jan 2024US$25.9bUS$32.0b-US$15,453,228,390.0013.3x-1.7x0.8x
Sat, 23 Dec 2023US$26.4bUS$32.0b-US$15,448,939,237.0012.9x-1.7x0.8x
Mon, 20 Nov 2023US$23.3bUS$32.0b-US$15,448,994,376.0010.3x-1.5x0.7x
Wed, 18 Oct 2023US$24.9bUS$32.8b-US$13,163,140,915.009x-1.9x0.8x
Fri, 15 Sep 2023US$27.3bUS$32.8b-US$13,163,128,531.0010.2x-2.1x0.8x
Sun, 13 Aug 2023US$28.6bUS$32.8b-US$13,167,483,001.0010.9x-2.2x0.9x
Tue, 11 Jul 2023US$25.8bUS$33.1b-US$3,283,784,937.0029.6x-7.9x0.8x
Thu, 08 Jun 2023US$25.9bUS$33.1b-US$3,311,127,765.0022.1x-7.8x0.8x
Sat, 06 May 2023US$26.7bUS$33.2b-US$1,388,792,432.0014.4x-19.2x0.8x
Mon, 03 Apr 2023US$27.8bUS$34.0b-US$1,335,406,143.0019.8x-20.8x0.8x
Wed, 01 Mar 2023US$29.6bUS$34.0b-US$1,357,837,983.0020.7x-21.8x0.9x
Fri, 27 Jan 2023US$32.1bUS$35.2bUS$6.6b30.5x4.9x0.9x
Sun, 25 Dec 2022US$28.6bUS$35.1bUS$6.6b17.7x4.3x0.8x
Price to Earnings Ratio

4.3x


Total Market Cap: US$28.6bTotal Earnings: US$6.6bTotal Revenue: US$35.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -5.5x202320242025
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 1.5x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • Total earnings for the Alternative Carriers industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 29% per year, which is driving profits down.

Industry Comparison

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

US Market-2.83%
Telecom-2.69%
Telecom Services and Carriers-1.41%
Alternative Carriers-18.24%
Integrated Telecom Services1.15%
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
No data available

Latest News

CCOI
US$22.68
Cogent Communications Holdings
7D
-4.8%
1Y
-69.5%
ASTS
US$61.86
AST SpaceMobile
7D
-21.7%
1Y
164.8%
TSAT
US$27.04
Telesat
7D
-22.8%
1Y
61.0%

Telesat Continues Making Progress, But It Will Take Time

Dec 15
LUMN
US$7.63
Lumen Technologies
7D
-11.7%
1Y
25.9%

LUMN: Rising Debt Costs Will Likely Undermine Recent Free Cash Flow Gains

Analysts have raised their price target on Lumen Technologies to about $2.24 from $2.00 per share, citing stronger than expected Q3 execution, reaffirmed 2025 guidance, and balance sheet tailwinds from debt refinancing and a more favorable interest rate backdrop. Analyst Commentary While recent results and balance sheet actions have prompted upward revisions to price targets, not all market participants view Lumen's trajectory as uniformly positive.
LILA
US$8.15
Liberty Latin America
7D
-3.8%
1Y
26.6%

LILA: Sustained 7% EBITDA Performance Will Drive Continued Share Rebound

Analysts have raised their price target on Liberty Latin America to $13 from $12, citing confidence that the company's recent 7 percent Q3 rebased EBITDA growth reflects sustainably improving performance. Analyst Commentary Analyst feedback on the updated price target highlights both growing confidence in Liberty Latin America's operational trajectory and several areas that still warrant caution from an execution and valuation standpoint.
IRDM
US$16.59
Iridium Communications
7D
-12.0%
1Y
-43.2%

IRDM: Expanding Spectrum Deals And Partnerships Will Drive Long Term Upside Potential

Analysts have trimmed their price target on Iridium Communications to $21 from $26, citing heightened competitive pressure and reduced long term revenue growth expectations amid rival spectrum deals. Analyst Commentary Bullish Takeaways Bullish analysts note that Iridium still retains a differentiated satellite network and entrenched government and enterprise relationships, which they see as supporting a valuation floor despite reduced growth expectations.
LBTY.A
US$10.95
Liberty Global
7D
-2.3%
1Y
-12.5%

Unpleasant Surprises Could Be In Store For Liberty Global Ltd.'s (NASDAQ:LBTY.A) Shares

Dec 09
Unpleasant Surprises Could Be In Store For Liberty Global Ltd.'s (NASDAQ:LBTY.A) Shares
GSAT
US$56.91
Globalstar
7D
-19.0%
1Y
105.1%

GSAT: Hybrid Spectrum And Apple Ties Will Shape Potential Sale Outcomes

Analysts have raised their price target on Globalstar to $66, citing the company’s combination of a de-risked, Apple-backed satellite business and its valuable, underutilized terrestrial spectrum as key drivers of long-term upside in a satellite internet of things market they expect could reach $4.9 billion by 2030. Analyst Commentary Analysts highlight that the upgraded price target is rooted in a view that Globalstar’s business model now combines reduced execution risk with meaningful optionality from its spectrum portfolio, supporting a premium multiple versus traditional satellite peers.