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

U.S. Alternative Carriers Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies29
  • 7D-1.2%
  • 3M3.8%
  • 1Y183.9%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has dropped 1.2%, driven by a pullback from AST SpaceMobile of 9.9%. On the other hand Lumen Technologies is actually up 21%. Over the past 12 months, the industry was up 184%. Earnings are forecast to grow by 93% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026US$60.5bUS$12.5b-US$8,086,443,830.1533.4x-7.5x4.8x
Sat, 14 Mar 2026US$52.9bUS$12.5b-US$8,082,461,961.5522.8x-6.5x4.2x
Mon, 09 Feb 2026US$56.2bUS$12.3b-US$2,938,901,259.8816.6x-19.1x4.6x
Wed, 07 Jan 2026US$52.3bUS$12.3b-US$2,936,920,450.9515.4x-17.8x4.3x
Fri, 05 Dec 2025US$45.8bUS$12.3b-US$2,934,438,508.7014.6x-15.6x3.7x
Sun, 02 Nov 2025US$47.2bUS$12.2b-US$3,442,169,241.2415.9x-13.7x3.8x
Tue, 30 Sep 2025US$32.9bUS$12.1b-US$4,805,710,638.1716.2x-6.8x2.7x
Thu, 28 Aug 2025US$32.7bUS$12.1b-US$4,806,581,248.8823.5x-6.8x2.7x
Sat, 26 Jul 2025US$33.8bUS$12.0b-US$1,346,962,557.8551.3x-25.1x2.8x
Mon, 23 Jun 2025US$28.3bUS$11.9b-US$1,351,118,870.6548.2x-20.9x2.4x
Wed, 21 May 2025US$19.9bUS$11.6b-US$1,343,458,788.0147x-14.8x1.7x
Fri, 18 Apr 2025US$21.9bUS$12.6bUS$562.7m22.9x38.9x1.7x
Sun, 16 Mar 2025US$26.0bUS$12.5bUS$661.8m18.5x39.3x2.1x
Tue, 11 Feb 2025US$24.4bUS$15.4b-US$4,987,465,084.3099.2x-4.9x1.6x
Thu, 09 Jan 2025US$24.8bUS$15.4b-US$4,983,714,880.7171.8x-5x1.6x
Sat, 07 Dec 2024US$25.4bUS$15.4b-US$4,980,844,651.0679.1x-5.1x1.7x
Mon, 04 Nov 2024US$28.2bUS$15.4b-US$4,321,499,468.3771.4x-6.5x1.8x
Wed, 02 Oct 2024US$28.1bUS$15.3b-US$2,262,969,459.8377.6x-12.4x1.8x
Fri, 30 Aug 2024US$26.8bUS$15.3b-US$2,263,124,571.3972.6x-11.8x1.7x
Sun, 28 Jul 2024US$24.9bUS$15.2b-US$975,985,274.8738.9x-25.6x1.6x
Tue, 25 Jun 2024US$19.6bUS$15.2b-US$1,779,777,058.03109.4x-11x1.3x
Thu, 23 May 2024US$19.8bUS$15.2b-US$1,779,775,739.07109.6x-11.1x1.3x
Sat, 20 Apr 2024US$18.3bUS$15.6b-US$3,025,375,579.2080.3x-6.1x1.2x
Mon, 18 Mar 2024US$19.2bUS$15.6b-US$3,012,313,014.2480.6x-6.4x1.2x
Wed, 14 Feb 2024US$21.9bUS$15.4b-US$4,174,017,179.8544.5x-5.2x1.4x
Fri, 12 Jan 2024US$26.8bUS$32.0b-US$15,448,929,491.0014.5x-1.7x0.8x
Sun, 10 Dec 2023US$23.7bUS$32.0b-US$15,448,796,839.0011.8x-1.5x0.7x
Tue, 07 Nov 2023US$23.5bUS$32.1b-US$15,340,859,327.009.6x-1.5x0.7x
Thu, 05 Oct 2023US$24.8bUS$32.8b-US$13,163,138,015.008.7x-1.9x0.8x
Sat, 02 Sep 2023US$27.6bUS$32.8b-US$13,163,103,360.0011.4x-2.1x0.8x
Mon, 31 Jul 2023US$24.8bUS$33.2b-US$5,758,494,445.0014x-4.3x0.7x
Wed, 28 Jun 2023US$26.0bUS$33.1b-US$3,283,735,669.0024.8x-7.9x0.8x
Fri, 26 May 2023US$24.9bUS$33.1b-US$3,311,188,553.0019.8x-7.5x0.8x
Sun, 23 Apr 2023US$27.2bUS$34.1b-US$1,325,847,184.0017.5x-20.5x0.8x
Price to Earnings Ratio

-20.5x


Total Market Cap: US$27.2bTotal Earnings: -US$1,325,847,184.00Total Revenue: US$34.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -6.2x202420252026
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 1.9x is lower than the industry's current PS ratio of 4.8x.
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 Market4.44%
Telecom4.51%
Telecom Services and Carriers-5.19%
Alternative Carriers-1.17%
Integrated Telecom Services-5.68%
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
LUMN Lumen TechnologiesUS$8.5921.2%
+US$1.5b		161.9%PS0.7x
GSAT GlobalstarUS$80.647.6%
+US$736.8m		314.3%PS38x
IRDM Iridium CommunicationsUS$38.009.7%
+US$356.8m		59.4%PE35.1x
CCOI Cogent Communications HoldingsUS$23.5319.3%
+US$181.9m		-54.9%PS1.3x
TSAT TelesatUS$46.996.6%
+US$42.9m		171.6%PS2.3x

Latest News

CCOI
US$23.53
Cogent Communications Holdings
7D
19.3%
1Y
-54.9%
GSAT
US$80.64
Globalstar
7D
7.6%
1Y
314.3%
BAND
US$19.19
Bandwidth
7D
6.3%
1Y
58.1%
LUMN
US$8.59
Lumen Technologies
7D
21.2%
1Y
161.9%
SIFY
US$13.14
Sify Technologies
7D
-4.8%
1Y
220.5%
IQST
US$1.67
iQSTEL
7D
-6.7%
1Y
-84.6%

Digital Health And Cybersecurity Expansion Will Reshape This Telecom And Fintech Platform

Catalysts About iQSTEL iQSTEL operates a global telecom and fintech platform that connects more than 600 operators and reaches an estimated 2.3 billion end users across 21 countries. What are the underlying business or industry changes driving this perspective?
LBTY.A
US$12.39
Liberty Global
7D
-1.7%
1Y
18.2%

LBTY.A: Fiber Expansion Deals And Buybacks Will Support Future Upside Potential

Liberty Global's updated analyst price target ticks higher to about $15.89, with analysts citing refreshed forecasts around revenue growth, profit margins, and expected future P/E levels following recent company results and revised research assumptions. Analyst Commentary Recent research updates frame Liberty Global as a name where analysts are fine tuning expectations rather than making wholesale changes, with modestly higher price targets tied to refreshed models after the latest results.
LILA
US$8.28
Liberty Latin America
7D
0.4%
1Y
60.5%

LILA: Future Cash Returns Will Reflect Buybacks And P/E Margin Trade Off

Analysts have raised their price target on Liberty Latin America to $8.00 from $8.00, citing updated assumptions for slightly higher revenue growth, modestly improved profit margins, and a lower future P/E multiple. What's in the News From October 1, 2025 to December 31, 2025, Liberty Latin America repurchased 300,000 shares for US$2.51 million, equal to 0.15% of its shares.
IRDM
US$38.00
Iridium Communications
7D
9.7%
1Y
59.4%
ELWT
US$6.50
Elauwit Connection
7D
0.9%
1Y
n/a
ASTS
US$86.91
AST SpaceMobile
7D
-9.9%
1Y
288.2%

AST SpaceMobile: Navigating Competition From Starlink And Bezos

Apr 06
NXPL
US$5.24
NextPlat
7D
-2.8%
1Y
10.1%
TSAT
US$46.99
Telesat
7D
6.6%
1Y
171.6%
ATEX
US$37.67
Anterix
7D
-9.2%
1Y
16.6%
IOTR
US$2.64
iOThree
7D
-15.1%
1Y
-85.7%