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U.S. Alternative Carriers Industry Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies29
  • 7D-12.1%
  • 3M29.3%
  • 1Y123.7%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has dropped 12%, driven by a pullback from AST SpaceMobile of 17%. This takes the industry's 12 month performance to a gain of 124%. 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
Wed, 11 Feb 2026US$56.6bUS$12.3b-US$2,939,747,242.8116.9x-19.3x4.6x
Fri, 09 Jan 2026US$50.0bUS$12.3b-US$2,936,536,144.9815.4x-17x4.1x
Sun, 07 Dec 2025US$46.8bUS$12.3b-US$2,935,475,987.8514.8x-15.9x3.8x
Tue, 04 Nov 2025US$47.1bUS$12.2b-US$3,442,035,869.1015.2x-13.7x3.8x
Thu, 02 Oct 2025US$33.2bUS$12.1b-US$4,805,606,259.7416.5x-6.9x2.7x
Sat, 30 Aug 2025US$32.3bUS$12.1b-US$4,806,798,097.7123.3x-6.7x2.7x
Mon, 28 Jul 2025US$32.1bUS$12.0b-US$1,346,962,557.8551.3x-23.8x2.7x
Wed, 25 Jun 2025US$30.7bUS$11.9b-US$1,351,260,777.9648.4x-22.7x2.6x
Fri, 23 May 2025US$19.5bUS$11.6b-US$1,343,640,199.9052.3x-14.5x1.7x
Sun, 20 Apr 2025US$22.3bUS$12.6bUS$562.7m22.9x39.6x1.8x
Tue, 18 Mar 2025US$26.0bUS$12.5bUS$661.9m18.1x39.3x2.1x
Thu, 13 Feb 2025US$25.3bUS$15.4b-US$4,979,234,902.4098.6x-5.1x1.6x
Sat, 11 Jan 2025US$24.2bUS$15.4b-US$4,983,719,993.5971.2x-4.9x1.6x
Mon, 09 Dec 2024US$26.5bUS$15.4b-US$4,980,844,651.0679.1x-5.3x1.7x
Wed, 06 Nov 2024US$29.1bUS$15.4b-US$4,321,500,230.7473.8x-6.7x1.9x
Fri, 04 Oct 2024US$27.6bUS$15.3b-US$2,262,968,209.3978.2x-12.2x1.8x
Sun, 01 Sep 2024US$27.1bUS$15.3b-US$2,263,125,042.9072.4x-12x1.8x
Tue, 30 Jul 2024US$24.9bUS$15.2b-US$975,984,905.4438.5x-25.5x1.6x
Thu, 27 Jun 2024US$19.9bUS$15.2b-US$1,779,777,883.14109.4x-11.2x1.3x
Sat, 25 May 2024US$18.8bUS$15.2b-US$1,779,774,331.21109.6x-10.6x1.2x
Mon, 22 Apr 2024US$18.6bUS$15.6b-US$3,025,374,249.9380.3x-6.2x1.2x
Wed, 20 Mar 2024US$18.7bUS$15.6b-US$3,012,313,930.3980.6x-6.2x1.2x
Fri, 16 Feb 2024US$22.2bUS$15.4b-US$4,165,621,801.7529x-5.3x1.4x
Sun, 14 Jan 2024US$26.3bUS$32.0b-US$15,448,916,881.0014.5x-1.7x0.8x
Tue, 12 Dec 2023US$24.0bUS$32.0b-US$15,448,791,006.0011.5x-1.6x0.7x
Thu, 09 Nov 2023US$22.8bUS$32.1b-US$15,340,860,574.009.6x-1.5x0.7x
Sat, 07 Oct 2023US$24.6bUS$32.8b-US$13,163,130,719.008.6x-1.9x0.8x
Mon, 04 Sep 2023US$27.7bUS$32.8b-US$13,163,103,360.0011.4x-2.1x0.8x
Wed, 02 Aug 2023US$24.9bUS$33.2b-US$5,758,501,968.0014.1x-4.3x0.8x
Fri, 30 Jun 2023US$25.7bUS$33.1b-US$3,283,747,188.0025.8x-7.8x0.8x
Sun, 28 May 2023US$25.0bUS$33.1b-US$3,311,076,042.0023.7x-7.5x0.8x
Tue, 25 Apr 2023US$27.1bUS$34.1b-US$1,325,829,584.0016.9x-20.4x0.8x
Thu, 23 Mar 2023US$26.6bUS$34.0b-US$1,330,594,215.0019.7x-20x0.8x
Sat, 18 Feb 2023US$31.0bUS$34.1bUS$3.0b28.9x10.3x0.9x
Price to Earnings Ratio

10.3x


Total Market Cap: US$31.0bTotal Earnings: US$3.0bTotal Revenue: US$34.1bTotal 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 1.7x is lower than the industry's current PS ratio of 4.6x.
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 Market0.99%
Telecom-2.35%
Telecom Services and Carriers1.37%
Alternative Carriers-12.06%
Integrated Telecom Services3.12%
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
LBTY.A Liberty GlobalUS$11.564.9%
+US$181.9m		4.0%PS0.8x
CCOI Cogent Communications HoldingsUS$26.368.7%
+US$100.1m		-67.8%PS1.4x
IRDM Iridium CommunicationsUS$20.313.5%
+US$72.3m		-27.0%PE16.9x
LILA Liberty Latin AmericaUS$8.174.3%
+US$68.1m		18.6%PS0.4x
ATEX AnterixUS$28.828.5%
+US$42.5m		-20.3%PE5.6x

Latest News

ASTS
US$96.27
AST SpaceMobile
7D
-16.8%
1Y
239.0%
LUMN
US$7.78
Lumen Technologies
7D
-8.0%
1Y
61.1%
CCOI
US$26.36
Cogent Communications Holdings
7D
8.7%
1Y
-67.8%

CCOI: Trimmed Price Outlook And Margin Assumptions Will Shape Fairly Balanced Thesis

Analysts have trimmed their price target on Cogent Communications Holdings by US$4, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Bearish analysts trimming their price targets on Cogent Communications Holdings are signaling a more cautious stance on how the current valuation lines up with the company’s execution and growth profile.
IRDM
US$20.31
Iridium Communications
7D
3.5%
1Y
-27.0%

IRDM: Index Shift And Sector P E Will Support Future Rebound Potential

Analysts have maintained their fair value estimate for Iridium Communications at $40.00, making slight adjustments to assumptions for the discount rate, revenue growth, profit margin, and future P/E after incorporating recent Street research, including a downgrade and updated views on sector peers. Analyst Commentary Street research on Iridium Communications has recently included a downgrade alongside updated views on sector peers.
ATEX
US$28.82
Anterix
7D
8.5%
1Y
-20.3%
GSAT
US$58.78
Globalstar
7D
-5.2%
1Y
141.6%

GSAT: Apple Partnership And Underused Spectrum Will Drive Bullish Repricing

Analysts lifted their price target on Globalstar to US$71 from US$66, pointing to what they see as a more resilient satellite services business supported by Apple, as well as the potential value of the company's underused terrestrial spectrum and expanding government services opportunities. Analyst Commentary Recent research points to a more constructive stance on Globalstar, with bullish analysts highlighting a mix of core satellite services, spectrum assets, and government related opportunities as key pieces of the story.
IOTR
US$2.90
iOThree
7D
-3.0%
1Y
n/a
BAND
US$13.56
Bandwidth
7D
1.5%
1Y
-27.2%
NXPL
US$0.56
NextPlat
7D
-11.4%
1Y
-44.9%

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
IQST
US$2.15
iQSTEL
7D
-13.7%
1Y
-85.7%
LILA
US$8.17
Liberty Latin America
7D
4.3%
1Y
18.6%

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$28.07
Telesat
7D
-0.4%
1Y
33.4%

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
LBTY.A
US$11.56
Liberty Global
7D
4.9%
1Y
4.0%

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$14.59
Sify Technologies
7D
-5.3%
1Y
282.9%
ELWT
US$5.52
Elauwit Connection
7D
10.0%
1Y
n/a