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U.S. Alternative Carriers Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies27
  • 7D7.1%
  • 3M21.0%
  • 1Y137.2%
  • 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%. In the last 12 months, the industry was up 137%. As for the next few years, earnings are expected to grow by 95% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026US$53.3bUS$12.5b-US$8,080,944,482.6327.2x-6.6x4.3x
Sat, 21 Feb 2026US$52.0bUS$12.4b-US$8,083,657,216.1421x-6.4x4.2x
Mon, 19 Jan 2026US$61.4bUS$12.3b-US$2,936,733,823.2015.8x-20.9x5x
Wed, 17 Dec 2025US$44.6bUS$12.3b-US$2,936,051,722.0914x-15.2x3.6x
Fri, 14 Nov 2025US$42.1bUS$12.3b-US$2,934,545,236.0313.9x-14.3x3.4x
Sun, 12 Oct 2025US$46.1bUS$12.1b-US$4,805,291,575.2817.2x-9.6x3.8x
Tue, 09 Sep 2025US$30.6bUS$12.1b-US$4,806,425,834.3920.1x-6.4x2.5x
Thu, 07 Aug 2025US$31.3bUS$12.1b-US$4,472,221,671.8549.4x-7x2.6x
Sat, 05 Jul 2025US$29.6bUS$11.9b-US$1,333,261,456.7849.7x-22.2x2.5x
Mon, 02 Jun 2025US$19.2bUS$11.7b-US$1,344,337,395.9150.3x-14.3x1.7x
Wed, 30 Apr 2025US$22.8bUS$12.6bUS$566.4m21.1x40.2x1.8x
Fri, 28 Mar 2025US$25.7bUS$12.5bUS$565.0m28.5x45.5x2.1x
Sun, 23 Feb 2025US$25.3bUS$12.1bUS$910.2m63.1x27.8x2.1x
Tue, 21 Jan 2025US$23.1bUS$15.4b-US$4,987,488,963.3487.4x-4.6x1.5x
Thu, 19 Dec 2024US$24.9bUS$15.4b-US$4,980,852,225.8774.2x-5x1.6x
Sat, 16 Nov 2024US$25.6bUS$15.4b-US$4,973,168,002.4573x-5.2x1.7x
Mon, 14 Oct 2024US$27.3bUS$15.3b-US$2,262,966,229.9783.3x-12.1x1.8x
Wed, 11 Sep 2024US$26.6bUS$15.3b-US$2,262,968,609.3774.3x-11.7x1.7x
Fri, 09 Aug 2024US$23.9bUS$15.3b-US$1,059,241,718.5736.7x-22.6x1.6x
Sun, 07 Jul 2024US$21.4bUS$15.2b-US$1,804,730,179.55118.5x-11.8x1.4x
Tue, 04 Jun 2024US$20.3bUS$15.2b-US$1,779,774,796.76109.4x-11.4x1.3x
Thu, 02 May 2024US$19.0bUS$15.6b-US$3,025,322,948.7880.3x-6.3x1.2x
Sat, 30 Mar 2024US$19.4bUS$15.6b-US$3,010,916,396.1083.9x-6.4x1.2x
Mon, 26 Feb 2024US$20.8bUS$15.5b-US$3,156,333,832.07134.9x-6.6x1.3x
Wed, 24 Jan 2024US$25.7bUS$32.0b-US$15,453,228,565.0013.7x-1.7x0.8x
Fri, 22 Dec 2023US$25.3bUS$32.0b-US$15,448,782,385.0012.7x-1.6x0.8x
Sun, 19 Nov 2023US$23.2bUS$32.0b-US$15,448,994,376.0010.3x-1.5x0.7x
Tue, 17 Oct 2023US$24.7bUS$32.8b-US$13,163,136,790.008.7x-1.9x0.8x
Thu, 14 Sep 2023US$27.3bUS$32.8b-US$13,163,120,560.0010.6x-2.1x0.8x
Sat, 12 Aug 2023US$28.6bUS$32.8b-US$13,167,483,001.0010.9x-2.2x0.9x
Mon, 10 Jul 2023US$26.0bUS$33.1b-US$3,283,795,569.0028.6x-7.9x0.8x
Wed, 07 Jun 2023US$25.9bUS$33.1b-US$3,311,116,541.0022.4x-7.8x0.8x
Fri, 05 May 2023US$26.2bUS$33.2b-US$1,405,776,077.0014.1x-18.6x0.8x
Sun, 02 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-0.15%
Telecom-2.96%
Telecom Services and Carriers3.08%
Alternative Carriers7.11%
Integrated Telecom Services2.69%
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$96.065.9%
+US$1.6b
252.0%PS396.4x
GSAT GlobalstarUS$67.3814.8%
+US$1.1b
192.3%PS31.7x
IRDM Iridium CommunicationsUS$29.6816.3%
+US$436.6m
0.5%PE27.2x
LUMN Lumen TechnologiesUS$6.976.3%
+US$420.0m
67.1%PS0.6x
LBTY.A Liberty GlobalUS$12.283.5%
+US$137.4m
5.0%PS0.8x

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