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

U.S. Alternative Carriers Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies28
  • 7D12.5%
  • 3M14.7%
  • 1Y183.1%
  • YTDn/a

In the last week, the Alternative Carriers industry is up 11%, with AST SpaceMobile up 15%. In the last 12 months, the industry was up 208%. Looking forward, earnings are forecast to grow by 92% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026US$58.1bUS$12.5b-US$8,088,336,960.6632x-7.2x4.7x
Sat, 07 Mar 2026US$56.0bUS$12.5b-US$8,083,773,389.2622x-6.9x4.5x
Mon, 02 Feb 2026US$60.0bUS$12.3b-US$2,939,016,502.9516.6x-20.4x4.9x
Wed, 31 Dec 2025US$46.0bUS$12.3b-US$2,937,902,210.2914.6x-15.7x3.7x
Fri, 28 Nov 2025US$38.5bUS$12.3b-US$2,933,942,631.6313.7x-13.1x3.1x
Sun, 26 Oct 2025US$43.6bUS$12.1b-US$4,797,031,788.6815.2x-9.1x3.6x
Tue, 23 Sep 2025US$31.4bUS$12.1b-US$4,806,293,338.4217x-6.5x2.6x
Thu, 21 Aug 2025US$30.0bUS$12.1b-US$4,806,191,042.5022.6x-6.2x2.5x
Sat, 19 Jul 2025US$34.1bUS$11.9b-US$1,332,629,826.2053.3x-25.6x2.9x
Mon, 16 Jun 2025US$25.2bUS$11.9b-US$1,351,914,047.6748.3x-18.6x2.1x
Wed, 14 May 2025US$20.7bUS$11.7b-US$1,344,830,292.4247x-15.4x1.8x
Fri, 11 Apr 2025US$22.5bUS$12.5bUS$563.5m23.3x39.8x1.8x
Sun, 09 Mar 2025US$27.2bUS$12.1bUS$627.6m29.6x43.4x2.2x
Tue, 04 Feb 2025US$22.3bUS$15.4b-US$4,987,476,996.1492.8x-4.5x1.4x
Thu, 02 Jan 2025US$25.8bUS$15.4b-US$4,983,708,756.2173.5x-5.2x1.7x
Sat, 30 Nov 2024US$25.9bUS$15.4b-US$4,980,842,851.8881.9x-5.2x1.7x
Mon, 28 Oct 2024US$28.4bUS$15.3b-US$2,233,742,854.5174.2x-12.7x1.9x
Wed, 25 Sep 2024US$27.5bUS$15.3b-US$2,262,974,798.4877x-12.2x1.8x
Fri, 23 Aug 2024US$29.5bUS$15.3b-US$2,262,670,495.8574.9x-13x1.9x
Sun, 21 Jul 2024US$22.6bUS$15.2b-US$1,804,731,867.98116.7x-12.5x1.5x
Tue, 18 Jun 2024US$19.9bUS$15.2b-US$1,779,777,373.33109.4x-11.2x1.3x
Thu, 16 May 2024US$19.0bUS$15.2b-US$1,774,195,617.42109.6x-10.7x1.3x
Sat, 13 Apr 2024US$18.9bUS$15.6b-US$3,035,250,766.9680.3x-6.2x1.2x
Mon, 11 Mar 2024US$19.5bUS$15.6b-US$3,012,312,014.0480.3x-6.5x1.3x
Wed, 07 Feb 2024US$24.7bUS$32.0b-US$15,453,227,882.0212.8x-1.6x0.8x
Fri, 05 Jan 2024US$27.5bUS$32.0b-US$15,448,940,286.0027.3x-1.8x0.9x
Sun, 03 Dec 2023US$24.0bUS$32.0b-US$15,448,992,126.0010.5x-1.6x0.7x
Tue, 31 Oct 2023US$23.2bUS$32.8b-US$13,168,093,531.007.8x-1.8x0.7x
Thu, 28 Sep 2023US$25.4bUS$32.8b-US$13,163,141,490.008.9x-1.9x0.8x
Sat, 26 Aug 2023US$26.3bUS$32.8b-US$13,163,093,919.0010.9x-2x0.8x
Mon, 24 Jul 2023US$26.6bUS$33.1b-US$3,285,874,936.0042.9x-8.1x0.8x
Wed, 21 Jun 2023US$25.7bUS$33.1b-US$3,284,507,232.0021.7x-7.8x0.8x
Fri, 19 May 2023US$25.8bUS$33.1b-US$3,310,694,442.0019x-7.8x0.8x
Sun, 16 Apr 2023US$26.4bUS$34.0b-US$1,332,774,319.0018x-19.8x0.8x
Price to Earnings Ratio

-19.8x


Total Market Cap: US$26.4bTotal Earnings: -US$1,332,774,319.00Total Revenue: US$34.0bTotal 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 1.9x is lower than the industry's current PS ratio of 4.7x.
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 Market2.97%
Telecom4.96%
Telecom Services and Carriers-1.15%
Alternative Carriers12.54%
Integrated Telecom Services-2.52%
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$96.4614.8%
+US$3.6b		299.6%PS398x
GSAT GlobalstarUS$74.919.3%
+US$822.9m		274.2%PS35.3x
IRDM Iridium CommunicationsUS$34.6221.4%
+US$666.6m		40.4%PE32x
TSAT TelesatUS$44.1027.1%
+US$139.7m		141.6%PS2.2x
LBTY.A Liberty GlobalUS$12.602.9%
+US$120.6m		19.2%PS0.9x

Latest News

IRDM
US$34.62
Iridium Communications
7D
21.4%
1Y
40.4%
ELWT
US$6.44
Elauwit Connection
7D
-0.2%
1Y
n/a
CCOI
US$19.72
Cogent Communications Holdings
7D
3.8%
1Y
-61.1%

CCOI: Future Data Center Sales And Refinancing Will Support Balance Sheet Recovery

Narrative Update on Cogent Communications Holdings The consolidated analyst price target for Cogent Communications Holdings has moved lower by several dollars into a mid $20s range, as analysts factor in softer Q4 results, continued pressure from off net revenue decay, slower waves growth, and uncertainty around data center sale execution and balance sheet moves. Analyst Commentary Recent research updates cluster around a common theme, with most price targets moving into a mid to high $20s range and a few outliers higher.
ASTS
US$96.46
AST SpaceMobile
7D
14.8%
1Y
299.6%

AST SpaceMobile: Navigating Competition From Starlink And Bezos

Apr 06
GSAT
US$74.91
Globalstar
7D
9.3%
1Y
274.2%

Amazon Vs. Starlink: The $9 Billion Globalstar Deal That Could Change Everything

Apr 04
LUMN
US$7.09
Lumen Technologies
7D
0.3%
1Y
88.6%

Lumen Under Pressure As Turnaround Story Concludes (Rating Downgrade)

Apr 02
LBTY.A
US$12.60
Liberty Global
7D
2.9%
1Y
19.2%

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

Analysts recently raised their price target on Liberty Global to $14 from $13, reflecting updated forecasts and valuation work following the latest company results, along with modest adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts view the move to a US$14 price target as aligned with updated valuation work that reflects the latest company results, suggesting that current pricing screens as broadly in line with their fair value range.
LILA
US$8.25
Liberty Latin America
7D
-1.2%
1Y
55.7%

LILA: Higher Assumed P/E Multiple Will Support Future Share Rebound

Analysts have adjusted their price target on Liberty Latin America to $11.90, reflecting updated views on slightly higher revenue growth expectations, a lower projected profit margin, and a higher assumed future P/E multiple. What's in the News Completed share repurchases of 300,000 shares between October 1, 2025 and December 31, 2025 for US$2.51 million, representing 0.15% of the company under the buyback program announced on May 8, 2023 (Key Developments).
TSAT
US$44.10
Telesat
7D
27.1%
1Y
141.6%
ATEX
US$41.49
Anterix
7D
6.1%
1Y
25.8%