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U.S. Alternative Carriers Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies27
  • 7D-4.2%
  • 3M17.6%
  • 1Y130.9%
  • YTDn/a

The Alternative Carriers industry is up 7.1% in the last week, with AST SpaceMobile up 5.9%. During this same period, the Cogent Communications Holdings underperformed, falling 5.1%. This means that the industry has gained 137% over the past year. Earnings are forecast to grow by 95% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026US$58.0bUS$12.5b-US$8,080,546,251.1426x-7.2x4.7x
Sun, 22 Feb 2026US$49.9bUS$12.4b-US$8,083,657,216.1421x-6.2x4x
Tue, 20 Jan 2026US$61.4bUS$12.3b-US$2,936,733,823.2015.8x-20.9x5x
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
Price to Earnings Ratio

-20.8x


Total Market Cap: US$27.8bTotal Earnings: -US$1,335,406,143.00Total Revenue: US$34.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -6.5x202420252026
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-1.62%
Telecom-4.94%
Telecom Services and Carriers1.77%
Alternative Carriers-4.21%
Integrated Telecom Services2.48%
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
IRDM Iridium CommunicationsUS$28.317.6%
+US$208.9m
-4.0%PE26x
LILA Liberty Latin AmericaUS$8.324.5%
+US$72.0m
22.2%PS0.4x
BAND BandwidthUS$17.2411.9%
+US$57.4m
21.2%PS0.7x
LBTY.A Liberty GlobalUS$12.061.3%
+US$53.6m
2.9%PS0.8x
NXPL NextPlatUS$0.5419.3%
+US$2.4m
-41.9%PS0.3x

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