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U.S. Alternative Carriers Industry Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies27
  • 7D2.7%
  • 3M27.7%
  • 1Y132.7%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has risen 6.9%, driven by gains from AST SpaceMobile of 2.9%. This takes the industry's 12 month performance to a gain of 138%. 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
Thu, 19 Mar 2026US$57.3bUS$12.5b-US$8,081,836,942.1423.4x-7.1x4.6x
Sat, 14 Feb 2026US$49.7bUS$12.3b-US$2,964,999,251.5421.3x-16.8x4x
Mon, 12 Jan 2026US$54.6bUS$12.3b-US$2,936,060,378.2116.1x-18.6x4.4x
Wed, 10 Dec 2025US$46.8bUS$12.3b-US$2,935,297,049.6114.8x-15.9x3.8x
Fri, 07 Nov 2025US$42.8bUS$12.2b-US$3,040,398,977.8214.1x-14.1x3.5x
Sun, 05 Oct 2025US$41.0bUS$12.1b-US$4,805,533,941.8617.6x-8.5x3.4x
Tue, 02 Sep 2025US$32.5bUS$12.1b-US$4,806,798,097.7123.3x-6.8x2.7x
Thu, 31 Jul 2025US$30.8bUS$12.0b-US$1,355,154,505.3750.9x-22.7x2.6x
Sat, 28 Jun 2025US$30.6bUS$11.9b-US$1,332,804,769.5948.9x-22.9x2.6x
Mon, 26 May 2025US$19.5bUS$11.7b-US$1,344,380,596.9749x-14.5x1.7x
Wed, 23 Apr 2025US$21.0bUS$12.6bUS$566.3m19x37x1.7x
Fri, 21 Mar 2025US$25.4bUS$12.5bUS$661.9m17.7x38.4x2x
Sun, 16 Feb 2025US$26.6bUS$15.4b-US$4,980,866,880.6298.7x-5.3x1.7x
Tue, 14 Jan 2025US$23.6bUS$15.4b-US$4,983,729,349.8470.8x-4.7x1.5x
Thu, 12 Dec 2024US$26.1bUS$15.4b-US$4,980,847,589.7777.1x-5.2x1.7x
Sat, 09 Nov 2024US$31.4bUS$15.4b-US$4,807,261,950.9680.7x-6.5x2x
Mon, 07 Oct 2024US$27.9bUS$15.3b-US$2,262,967,483.8378.7x-12.3x1.8x
Wed, 04 Sep 2024US$27.1bUS$15.3b-US$2,262,968,772.5171.5x-12x1.8x
Fri, 02 Aug 2024US$25.5bUS$15.2b-US$975,985,390.5738.6x-26.2x1.7x
Sun, 30 Jun 2024US$21.0bUS$15.2b-US$1,804,729,695.25118.6x-11.6x1.4x
Tue, 28 May 2024US$19.2bUS$15.2b-US$1,779,774,700.45109.6x-10.8x1.3x
Thu, 25 Apr 2024US$18.9bUS$15.6b-US$3,025,322,228.5380.3x-6.3x1.2x
Sat, 23 Mar 2024US$18.8bUS$15.6b-US$3,012,322,602.2780.3x-6.2x1.2x
Mon, 19 Feb 2024US$21.3bUS$15.5b-US$2,919,834,754.6745.2x-7.3x1.4x
Wed, 17 Jan 2024US$26.3bUS$32.0b-US$15,448,931,587.0015.8x-1.7x0.8x
Fri, 15 Dec 2023US$24.5bUS$32.0b-US$15,448,787,939.0012.4x-1.6x0.8x
Sun, 12 Nov 2023US$22.5bUS$32.1b-US$15,460,059,264.009x-1.5x0.7x
Tue, 10 Oct 2023US$24.9bUS$32.8b-US$13,163,142,281.008.6x-1.9x0.8x
Thu, 07 Sep 2023US$27.4bUS$32.8b-US$13,163,139,620.0011.7x-2.1x0.8x
Sat, 05 Aug 2023US$24.1bUS$32.3b-US$14,800,967,185.0014.2x-1.6x0.7x
Mon, 03 Jul 2023US$25.9bUS$33.1b-US$3,283,747,988.0027.3x-7.9x0.8x
Wed, 31 May 2023US$25.0bUS$33.1b-US$3,311,138,022.0021.4x-7.5x0.8x
Fri, 28 Apr 2023US$26.8bUS$34.1b-US$1,328,199,028.0016x-20.2x0.8x
Sun, 26 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-2.19%
Telecom-2.06%
Telecom Services and Carriers-1.54%
Alternative Carriers2.69%
Integrated Telecom Services-1.98%
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$90.742.9%
+US$740.4m		253.8%PS374.4x
GSAT GlobalstarUS$58.681.9%
+US$140.1m		170.4%PS27.6x
LILA Liberty Latin AmericaUS$7.755.9%
+US$86.0m		12.8%PS0.3x
TSAT TelesatUS$40.4015.6%
+US$80.5m		82.9%PS2x
IRDM Iridium CommunicationsUS$25.522.9%
+US$75.6m		-7.5%PE23.4x

Latest News

TSAT
US$40.40
Telesat
7D
15.6%
1Y
82.9%
GSAT
US$58.68
Globalstar
7D
1.9%
1Y
170.4%

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$6.56
Lumen Technologies
7D
-1.4%
1Y
31.5%

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$11.87
Liberty Global
7D
-2.8%
1Y
-0.2%

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$25.52
Iridium Communications
7D
2.9%
1Y
-7.5%
LILA
US$7.75
Liberty Latin America
7D
5.9%
1Y
12.8%

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$90.74
AST SpaceMobile
7D
2.9%
1Y
253.8%
CCOI
US$19.33
Cogent Communications Holdings
7D
-9.4%
1Y
-72.6%

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$14.98
Bandwidth
7D
-4.5%
1Y
-0.7%
ATEX
US$38.11
Anterix
7D
-1.7%
1Y
-1.3%
IQST
US$1.87
iQSTEL
7D
-2.1%
1Y
-83.9%
IOTR
US$1.85
iOThree
7D
-9.3%
1Y
n/a
NXPL
US$0.50
NextPlat
7D
10.0%
1Y
-47.5%

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$14.56
Sify Technologies
7D
2.4%
1Y
222.1%
ELWT
US$6.36
Elauwit Connection
7D
-6.7%
1Y
n/a