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U.S. Alternative Carriers Industry Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies28
  • 7D0.4%
  • 3M32.2%
  • 1Y167.9%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has remained flat, although notably Lumen Technologies gained 16%. The past year has been better, since the industry has gained 168% in that time. As for the next few years, earnings are expected to grow by 60% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026US$57.5bUS$12.3b-US$2,939,353,794.5717.6x-19.6x4.7x
Sat, 27 Dec 2025US$47.5bUS$12.3b-US$2,938,134,752.8114.3x-16.2x3.9x
Mon, 24 Nov 2025US$36.1bUS$12.3b-US$2,933,420,244.8613.4x-12.3x2.9x
Wed, 22 Oct 2025US$46.8bUS$12.1b-US$4,805,308,635.9317.8x-9.7x3.9x
Fri, 19 Sep 2025US$30.0bUS$12.1b-US$4,806,455,579.7817.6x-6.2x2.5x
Sun, 17 Aug 2025US$31.4bUS$12.1b-US$4,806,455,852.3523.5x-6.5x2.6x
Tue, 15 Jul 2025US$29.6bUS$11.9b-US$1,332,785,024.9253.1x-22.2x2.5x
Thu, 12 Jun 2025US$24.5bUS$11.9b-US$1,351,589,947.4048.3x-18.1x2.1x
Sat, 10 May 2025US$20.1bUS$11.6b-US$1,318,852,985.8348.9x-15.2x1.7x
Mon, 07 Apr 2025US$21.0bUS$12.5bUS$564.6m23.7x37.2x1.7x
Wed, 05 Mar 2025US$24.4bUS$12.1bUS$627.7m29x38.9x2x
Fri, 31 Jan 2025US$21.8bUS$15.4b-US$4,987,486,314.1790.1x-4.4x1.4x
Sun, 29 Dec 2024US$26.5bUS$15.4b-US$4,983,705,515.6875.5x-5.3x1.7x
Tue, 26 Nov 2024US$23.2bUS$15.4b-US$4,980,837,162.4682.3x-4.7x1.5x
Thu, 24 Oct 2024US$29.2bUS$15.3b-US$2,233,798,152.2975.4x-13.1x1.9x
Sat, 21 Sep 2024US$28.0bUS$15.3b-US$2,262,976,884.9274.8x-12.4x1.8x
Mon, 19 Aug 2024US$27.6bUS$15.3b-US$2,262,671,879.7176x-12.2x1.8x
Wed, 17 Jul 2024US$23.0bUS$15.2b-US$1,804,730,626.59118.1x-12.7x1.5x
Fri, 14 Jun 2024US$20.1bUS$15.2b-US$1,779,777,647.63109.4x-11.3x1.3x
Sun, 12 May 2024US$18.9bUS$15.2b-US$1,774,116,849.7870.6x-10.6x1.2x
Tue, 09 Apr 2024US$18.7bUS$15.6b-US$3,034,492,629.7880.3x-6.2x1.2x
Thu, 07 Mar 2024US$19.7bUS$15.6b-US$3,012,479,421.74225.6x-6.5x1.3x
Sat, 03 Feb 2024US$24.9bUS$32.0b-US$15,453,227,435.0013.1x-1.6x0.8x
Mon, 01 Jan 2024US$27.1bUS$32.0b-US$15,448,938,976.0015x-1.8x0.8x
Wed, 29 Nov 2023US$23.2bUS$32.0b-US$15,449,001,641.009.7x-1.5x0.7x
Fri, 27 Oct 2023US$23.0bUS$32.8b-US$13,168,094,094.007.9x-1.7x0.7x
Sun, 24 Sep 2023US$26.7bUS$32.8b-US$13,163,125,206.009.1x-2x0.8x
Tue, 22 Aug 2023US$26.8bUS$32.8b-US$13,163,129,744.0010.5x-2x0.8x
Thu, 20 Jul 2023US$26.5bUS$33.1b-US$3,283,738,907.0038.6x-8.1x0.8x
Sat, 17 Jun 2023US$26.0bUS$33.1b-US$3,284,498,225.0021.9x-7.9x0.8x
Mon, 15 May 2023US$25.6bUS$33.1b-US$3,312,387,312.0019x-7.7x0.8x
Wed, 12 Apr 2023US$27.3bUS$34.0b-US$1,332,797,990.0018.5x-20.5x0.8x
Fri, 10 Mar 2023US$27.8bUS$34.0b-US$1,340,477,441.0019.6x-20.7x0.8x
Sun, 05 Feb 2023US$32.4bUS$35.1bUS$6.6b30.4x4.9x0.9x
Price to Earnings Ratio

4.9x


Total Market Cap: US$32.4bTotal 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 -6.3x202420252026
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 1.7x is lower than the industry's current PS ratio of 4.7x.
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 Market2.04%
Telecom4.12%
Telecom Services and Carriers-0.00086%
Alternative Carriers0.41%
Integrated Telecom Services-0.054%
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$121.2317.1%
+US$5.0b		584.1%PS1837.2x
GSAT GlobalstarUS$67.5511.1%
+US$854.9m		186.8%PS32.7x
LUMN Lumen TechnologiesUS$9.169.2%
+US$789.7m		82.8%PS0.7x
IRDM Iridium CommunicationsUS$21.198.0%
+US$164.5m		-25.2%PE17.6x
ATEX AnterixUS$27.9116.5%
+US$74.1m		-4.5%PE5.5x

Latest News

IRDM
US$21.19
Iridium Communications
7D
8.0%
1Y
-25.2%
ATEX
US$27.91
Anterix
7D
16.5%
1Y
-4.5%
IQST
US$2.91
iQSTEL
7D
-4.3%
1Y
-81.9%
LILA
US$7.32
Liberty Latin America
7D
-2.9%
1Y
9.7%

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

Analysts have slightly adjusted their average price target on Liberty Latin America from about US$11.97 to around US$11.90, referencing recent Street research that cites a higher US$13 target and notes that recent EBITDA trends are supportive of the current outlook. Analyst Commentary Recent research commentary has centered on the updated US$13 price target, with the 7% Q3 rebased EBITDA growth highlighted as an important data point for assessing both valuation and execution.
TSAT
US$29.86
Telesat
7D
9.0%
1Y
66.0%

Here's Why Telesat (NASDAQ:TSAT) Is Weighed Down By Its Debt Load

Jan 25
Here's Why Telesat (NASDAQ:TSAT) Is Weighed Down By Its Debt Load
CCOI
US$23.39
Cogent Communications Holdings
7D
-1.4%
1Y
-68.6%

CCOI: Dividend Reset And Wavelength Headwinds Will Pressure Future Equity Story

Narrative Update: Cogent Communications Holdings The analyst price target for Cogent Communications Holdings has been reduced by $2 to $21, as analysts factor in recent dividend and buyback changes, a focus on delevering, and rising competitive pressure in the wavelength market. Analyst Commentary Bearish analysts have been trimming their price targets on Cogent Communications Holdings and highlighting a more cautious stance around both capital allocation and competitive positioning.
ASTS
US$121.23
AST SpaceMobile
7D
17.1%
1Y
584.1%

AST SpaceMobile, Inc. (NASDAQ:ASTS) Analysts Are More Bearish Than They Used To Be

Jan 22
AST SpaceMobile, Inc. (NASDAQ:ASTS) Analysts Are More Bearish Than They Used To Be
GSAT
US$67.55
Globalstar
7D
11.1%
1Y
186.8%

GSAT: Hybrid Spectrum And Apple Partnership Will Shape Potential Sale Talks

Narrative Update on Globalstar Analysts have lifted their price target on Globalstar to US$71 from US$66, citing what they see as a de risked satellite services business backed by Apple and underused terrestrial spectrum. They state that these factors, along with expected benefits from U.S. space policy and XCOM Radio Access Network's commercial traction, feed into updated valuation inputs for fair value, discount rate, revenue growth, profit margin and future P/E.
LUMN
US$9.16
Lumen Technologies
7D
9.2%
1Y
82.8%

LUMN: Balance Sheet Repair Will Likely Fail To Sustain Recent Rebound

Analysts have lifted their price targets on Lumen Technologies sharply, with recent moves such as BofA's jump from US$2 to US$7 and RBC Capital's shift from US$4.25 to US$8, citing balance sheet repair, asset sale proceeds, cost reductions, and maintained 2025 guidance as key supports, even as they remain cautious on the company's revenue growth plans and timing. Analyst Commentary Recent Street research on Lumen highlights a split view.
LBTY.A
US$10.72
Liberty Global
7D
1.9%
1Y
-8.8%

Liberty Global (NASDAQ:LBTY.A) Takes On Some Risk With Its Use Of Debt

Jan 14
Liberty Global (NASDAQ:LBTY.A) Takes On Some Risk With Its Use Of Debt
SIFY
US$14.39
Sify Technologies
7D
-1.6%
1Y
379.7%
BAND
US$13.98
Bandwidth
7D
2.6%
1Y
-22.3%

BAND: AI Voice Integrations Will Support Future Upside Potential

Analysts have maintained their Bandwidth fair value target at $23.67 while making small adjustments to their discount rate and future P/E assumptions. This reflects modest changes to their risk and earnings outlook rather than a revision to the headline price target.
ELWT
US$5.25
Elauwit Connection
7D
-15.2%
1Y
n/a
NXPL
US$0.69
NextPlat
7D
-3.0%
1Y
-35.4%

Positive Sentiment Still Eludes NextPlat Corp (NASDAQ:NXPL) Following 28% Share Price Slump

Dec 05
Positive Sentiment Still Eludes NextPlat Corp (NASDAQ:NXPL) Following 28% Share Price Slump