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U.S. Alternative Carriers Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies27
  • 7D-5.8%
  • 3M11.0%
  • 1Y118.0%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has dropped 5.8%, driven by a pullback from AST SpaceMobile of 9.1%. Over the past 12 months, the industry was up 118%. 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
Wed, 25 Mar 2026US$53.8bUS$12.5b-US$8,081,329,673.4824.6x-6.7x4.3x
Fri, 20 Feb 2026US$51.3bUS$12.4b-US$8,082,273,847.6921.2x-6.3x4.1x
Sun, 18 Jan 2026US$61.4bUS$12.3b-US$2,936,733,823.2015.8x-20.9x5x
Tue, 16 Dec 2025US$48.6bUS$12.3b-US$2,935,959,458.2614.6x-16.6x4x
Thu, 13 Nov 2025US$42.7bUS$12.3b-US$3,001,098,204.8214x-14.2x3.5x
Sat, 11 Oct 2025US$46.4bUS$12.1b-US$4,805,291,575.2817.2x-9.7x3.8x
Mon, 08 Sep 2025US$30.6bUS$12.1b-US$4,806,162,666.5923.6x-6.4x2.5x
Wed, 06 Aug 2025US$30.7bUS$12.2b-US$4,461,540,969.9049.8x-6.9x2.5x
Fri, 04 Jul 2025US$29.6bUS$11.9b-US$1,333,399,340.7749.7x-22.2x2.5x
Sun, 01 Jun 2025US$16.6bUS$11.7b-US$1,344,337,395.9150.3x-12.3x1.4x
Tue, 29 Apr 2025US$22.4bUS$12.6bUS$566.3m21.2x39.6x1.8x
Thu, 27 Mar 2025US$26.1bUS$12.6bUS$660.6m18.5x39.5x2.1x
Sat, 22 Feb 2025US$25.3bUS$12.1bUS$910.2m63.1x27.8x2.1x
Mon, 20 Jan 2025US$23.1bUS$15.4b-US$4,987,486,771.9387.4x-4.6x1.5x
Wed, 18 Dec 2024US$25.2bUS$15.4b-US$4,980,849,003.4875x-5.1x1.6x
Fri, 15 Nov 2024US$29.5bUS$15.4b-US$4,822,132,073.8471.5x-6.1x1.9x
Sun, 13 Oct 2024US$27.3bUS$15.3b-US$2,262,966,229.9783.3x-12.1x1.8x
Tue, 10 Sep 2024US$19.3bUS$7.7b-US$210,368,607.6573.8x-91.5x2.5x
Thu, 08 Aug 2024US$24.0bUS$15.3b-US$1,043,342,240.3936x-23x1.6x
Sat, 06 Jul 2024US$21.2bUS$15.2b-US$1,804,730,179.55118.5x-11.7x1.4x
Mon, 03 Jun 2024US$20.3bUS$15.2b-US$1,779,776,723.39109.4x-11.4x1.3x
Wed, 01 May 2024US$18.9bUS$15.6b-US$3,025,323,265.3680.3x-6.2x1.2x
Fri, 29 Mar 2024US$19.2bUS$15.6b-US$3,010,916,811.0083.9x-6.4x1.2x
Sun, 25 Feb 2024US$20.8bUS$15.5b-US$3,156,333,832.07134.9x-6.6x1.3x
Tue, 23 Jan 2024US$25.7bUS$32.0b-US$15,452,205,514.0013.2x-1.7x0.8x
Thu, 21 Dec 2023US$25.4bUS$32.0b-US$15,448,782,142.0012.4x-1.6x0.8x
Sat, 18 Nov 2023US$23.2bUS$32.0b-US$15,448,994,376.0010.3x-1.5x0.7x
Mon, 16 Oct 2023US$24.2bUS$32.8b-US$13,163,143,432.008.3x-1.8x0.7x
Wed, 13 Sep 2023US$26.9bUS$32.8b-US$13,163,111,420.0010.7x-2x0.8x
Fri, 11 Aug 2023US$28.5bUS$32.8b-US$13,167,634,381.0011.1x-2.2x0.9x
Sun, 09 Jul 2023US$26.0bUS$33.1b-US$3,283,795,569.0028.6x-7.9x0.8x
Tue, 06 Jun 2023US$25.5bUS$33.1b-US$3,311,117,630.0021.1x-7.7x0.8x
Thu, 04 May 2023US$26.6bUS$33.2b-US$1,405,779,253.0014.1x-18.9x0.8x
Sat, 01 Apr 2023US$27.9bUS$34.0b-US$1,330,632,322.0019.8x-21x0.8x
Price to Earnings Ratio

-21x


Total Market Cap: US$27.9bTotal Earnings: -US$1,330,632,322.00Total 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-2.29%
Telecom-5.02%
Telecom Services and Carriers0.40%
Alternative Carriers-5.81%
Integrated Telecom Services1.09%
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
LILA Liberty Latin AmericaUS$8.254.0%
+US$64.0m		25.6%PS0.4x
IRDM Iridium CommunicationsUS$26.832.2%
+US$61.9m		-7.5%PE24.6x
BAND BandwidthUS$16.499.6%
+US$45.5m		9.6%PS0.7x
GSAT GlobalstarUS$61.090.5%
+US$39.9m		163.4%PS28.8x
ATEX AnterixUS$38.522.0%
+US$14.1m		3.1%PE8.9x

Latest News

LBTY.A
US$12.17
Liberty Global
7D
-0.08%
1Y
5.6%
CCOI
US$18.27
Cogent Communications Holdings
7D
-10.1%
1Y
-71.4%
IRDM
US$26.83
Iridium Communications
7D
2.2%
1Y
-7.5%

IRDM: Spectrum Optionality And Early Business Pivot Will Shape Future Returns

Iridium Communications' analyst price target has been reset to $26, while the intrinsic value estimate edges to $29.00 from $29.75 as analysts factor in slightly lower revenue growth assumptions, higher profit margin expectations, and updated views on spectrum optionality and the timing of a potential business pivot. Analyst Commentary Recent research on Iridium centers on how investors should weigh a refreshed outlook on spectrum opportunities against more tempered medium term guidance and a still early business pivot.
TSAT
US$39.34
Telesat
7D
-7.1%
1Y
85.4%
GSAT
US$61.09
Globalstar
7D
0.5%
1Y
163.4%

GSAT: De Risked Satellite Services And Spectrum Optionality Will Drive Upside Potential

Analysts have lifted Globalstar's price target to $71 from $66, citing a combination of a "de-risked" Apple supported satellite services business, underused terrestrial spectrum assets, and improved government services expectations related to XCOM Radio Access Network's commercial progress. Analyst Commentary Analysts lifting the price target to $71 frame Globalstar as a hybrid story, combining its satellite services with underused terrestrial spectrum and potential government work tied to XCOM Radio Access Network.
LUMN
US$6.79
Lumen Technologies
7D
-0.3%
1Y
54.3%

LUMN: Balance Sheet Repair Will Not Resolve Ongoing Revenue Execution Concerns

Analysts have raised the Lumen Technologies price target by $1 to a new fair value estimate of $6.00. This reflects a combination of higher applied multiples, ongoing balance sheet repair, asset sale proceeds, and cost cutting, partially offset by a higher discount rate and continued caution around revenue trends.
LILA
US$8.25
Liberty Latin America
7D
4.0%
1Y
25.6%

LILA: Future Cash Returns Will Be Balanced By Margin And P/E Uncertainty

Analysts have maintained their price target on Liberty Latin America at $8.00, reflecting slightly updated views on revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: Kept steady at $8.00 per share, indicating no change in the overall valuation anchor.
ASTS
US$86.98
AST SpaceMobile
7D
-9.1%
1Y
204.7%
BAND
US$16.49
Bandwidth
7D
9.6%
1Y
9.6%
ATEX
US$38.52
Anterix
7D
2.0%
1Y
3.1%
IQST
US$1.84
iQSTEL
7D
-3.2%
1Y
-84.1%
IOTR
US$1.71
iOThree
7D
-8.1%
1Y
n/a
NXPL
US$0.54
NextPlat
7D
12.1%
1Y
-41.7%

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
SIFY
US$13.87
Sify Technologies
7D
-1.2%
1Y
209.6%
ELWT
US$6.87
Elauwit Connection
7D
0.3%
1Y
n/a