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U.S. Alternative Carriers Industry Analysis

UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies27
  • 7D-12.7%
  • 3M25.5%
  • 1Y88.4%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has dropped 13%, driven by a pullback from AST SpaceMobile of 14%. On the other hand Lumen Technologies is actually up 7.8%. This takes the industry's 12 month performance to a gain of 88%. As for the next few years, earnings are expected to grow by 61% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026US$49.9bUS$12.3b-US$2,965,407,164.5421.3x-16.8x4.1x
Fri, 16 Jan 2026US$54.2bUS$12.3b-US$2,936,946,093.7316x-18.5x4.4x
Sun, 14 Dec 2025US$48.8bUS$12.3b-US$2,936,024,906.5515.6x-16.6x4x
Tue, 11 Nov 2025US$41.8bUS$12.2b-US$3,050,035,525.6313.7x-13.7x3.4x
Thu, 09 Oct 2025US$44.0bUS$12.1b-US$4,805,513,735.2318.5x-9.2x3.6x
Sat, 06 Sep 2025US$30.2bUS$12.1b-US$4,806,162,666.5923.6x-6.3x2.5x
Mon, 04 Aug 2025US$30.7bUS$12.2b-US$4,465,313,412.1250.6x-6.9x2.5x
Wed, 02 Jul 2025US$30.2bUS$11.9b-US$1,333,159,989.2848.9x-22.7x2.5x
Fri, 30 May 2025US$19.9bUS$11.6b-US$1,343,967,557.2850.4x-14.8x1.7x
Sun, 27 Apr 2025US$22.4bUS$12.6bUS$566.5m20.3x39.5x1.8x
Tue, 25 Mar 2025US$25.1bUS$12.6bUS$660.5m18x38.1x2x
Thu, 20 Feb 2025US$26.6bUS$15.4b-US$4,980,862,072.72100.4x-5.3x1.7x
Sat, 18 Jan 2025US$23.0bUS$15.4b-US$4,984,668,549.5896x-4.6x1.5x
Mon, 16 Dec 2024US$25.1bUS$15.4b-US$4,980,847,900.3176.8x-5x1.6x
Wed, 13 Nov 2024US$33.0bUS$15.4b-US$4,807,291,311.2976.2x-6.9x2.1x
Fri, 11 Oct 2024US$27.1bUS$15.3b-US$2,262,968,760.4982.7x-12x1.8x
Sun, 08 Sep 2024US$26.9bUS$15.3b-US$2,262,968,420.5175.7x-11.9x1.8x
Tue, 06 Aug 2024US$24.0bUS$15.3b-US$968,035,094.2636.3x-24.8x1.6x
Thu, 04 Jul 2024US$20.8bUS$15.2b-US$1,804,730,265.93119.1x-11.5x1.4x
Sat, 01 Jun 2024US$20.5bUS$15.2b-US$1,779,776,723.39109.4x-11.5x1.3x
Mon, 29 Apr 2024US$19.2bUS$15.6b-US$3,025,322,691.0580.3x-6.4x1.2x
Wed, 27 Mar 2024US$19.0bUS$15.6b-US$3,012,320,952.2483.9x-6.3x1.2x
Fri, 23 Feb 2024US$20.8bUS$15.5b-US$2,919,833,832.0745.1x-7.1x1.3x
Sun, 21 Jan 2024US$25.9bUS$32.0b-US$15,452,205,335.0013.9x-1.7x0.8x
Tue, 19 Dec 2023US$25.1bUS$32.0b-US$15,448,777,389.0012.5x-1.6x0.8x
Thu, 16 Nov 2023US$22.9bUS$32.0b-US$15,458,491,766.0010.3x-1.5x0.7x
Sat, 14 Oct 2023US$24.2bUS$32.8b-US$13,163,143,432.008.3x-1.8x0.7x
Mon, 11 Sep 2023US$26.3bUS$32.8b-US$13,163,119,669.0010.7x-2x0.8x
Wed, 09 Aug 2023US$25.0bUS$32.2b-US$14,803,690,017.0017.8x-1.7x0.8x
Fri, 07 Jul 2023US$25.8bUS$33.1b-US$3,283,806,400.0028.2x-7.8x0.8x
Sun, 04 Jun 2023US$25.5bUS$33.1b-US$3,311,101,830.0022.4x-7.7x0.8x
Tue, 02 May 2023US$26.8bUS$34.1b-US$1,328,204,384.0015.9x-20.2x0.8x
Thu, 30 Mar 2023US$27.4bUS$34.0b-US$1,330,643,072.0019.6x-20.6x0.8x
Sat, 25 Feb 2023US$29.5bUS$34.0b-US$1,357,871,356.0019.9x-21.7x0.9x
Price to Earnings Ratio

-21.7x


Total Market Cap: US$29.5bTotal Earnings: -US$1,357,871,356.00Total Revenue: US$34.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -6.8x202420252026
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 4.1x.
Past Earnings Growth
  • The earnings for companies in the Alternative Carriers industry have deteriorated over the last three years.
  • Revenues have also declined 29% 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-1.93%
Telecom-4.06%
Telecom Services and Carriers2.14%
Alternative Carriers-12.71%
Integrated Telecom Services3.81%
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$23.5315.9%
+US$342.2m		-27.5%PE21.6x
LUMN Lumen TechnologiesUS$8.094.0%
+US$317.9m		64.1%PS0.7x
ATEX AnterixUS$33.8217.3%
+US$94.1m		-18.2%PE7.8x
GSAT GlobalstarUS$59.060.5%
+US$35.5m		165.0%PS28.6x
SIFY Sify TechnologiesUS$15.182.6%
+US$28.2m		198.8%PS2.3x

Latest News

ATEX
US$33.82
Anterix
7D
17.3%
1Y
-18.2%
LUMN
US$8.09
Lumen Technologies
7D
4.0%
1Y
64.1%
GSAT
US$59.06
Globalstar
7D
0.5%
1Y
165.0%

GSAT: Future Will Hinge On Apple Backing And Terrestrial Spectrum Optionality

Analysts have lifted their price target on Globalstar to $71 from $66, pointing to what they see as a compelling mix of a de-risked Apple-supported satellite services business and valuable, underutilized terrestrial spectrum assets. Analyst Commentary Recent commentary highlights a split view on Globalstar.
LBTY.A
US$11.16
Liberty Global
7D
-3.5%
1Y
0.6%

LBTY.A: Irish Mobile Acquisition Will Strengthen Position And Support Bullish Outlook

Analysts have nudged their price target for Liberty Global higher to about $28.41 from roughly $27.81, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Joint owners of Virgin Media O2, which includes Liberty Global, agreed to purchase UK fiber network operator Netomnia, according to the Financial Times (Periodical, FT).
IRDM
US$23.53
Iridium Communications
7D
15.9%
1Y
-27.5%
LILA
US$7.84
Liberty Latin America
7D
-4.0%
1Y
10.7%
ASTS
US$83.03
AST SpaceMobile
7D
-13.8%
1Y
168.7%
IQST
US$1.86
iQSTEL
7D
-13.5%
1Y
-86.9%
CCOI
US$26.79
Cogent Communications Holdings
7D
1.6%
1Y
-67.9%

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.
IOTR
US$2.59
iOThree
7D
-10.7%
1Y
n/a
BAND
US$12.87
Bandwidth
7D
-5.1%
1Y
-31.3%
NXPL
US$0.55
NextPlat
7D
-2.6%
1Y
-45.3%

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
TSAT
US$27.45
Telesat
7D
2.8%
1Y
32.1%

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
SIFY
US$15.18
Sify Technologies
7D
2.6%
1Y
198.8%
ELWT
US$6.13
Elauwit Connection
7D
11.0%
1Y
n/a