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U.S. Alternative Carriers Industry Analysis

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies27
  • 7D0.6%
  • 3M5.2%
  • 1Y116.5%
  • YTDn/a

The Alternative Carriers industry has stayed flat over the last week. The past year has been better, since the industry has gained 116% in that time. Earnings are forecast to grow by 96% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026US$53.6bUS$12.5b-US$8,081,774,916.6723.3x-6.6x4.3x
Wed, 18 Feb 2026US$50.0bUS$12.3b-US$2,965,228,622.5721.6x-16.9x4.1x
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
Price to Earnings Ratio

-20.6x


Total Market Cap: US$27.4bTotal Earnings: -US$1,330,643,072.00Total 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-2.61%
Telecom-2.74%
Telecom Services and Carriers-0.68%
Alternative Carriers0.63%
Integrated Telecom Services-0.82%
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$89.930.9%
+US$240.0m		206.9%PS371.1x
ATEX AnterixUS$39.348.1%
+US$55.1m		3.1%PE9.1x
IRDM Iridium CommunicationsUS$25.401.6%
+US$43.0m		-9.9%PE23.3x
SIFY Sify TechnologiesUS$13.892.7%
+US$26.0m		205.9%PS2.2x
TSAT TelesatUS$37.064.4%
+US$24.8m		71.7%PS1.8x

Latest News

CCOI
US$18.05
Cogent Communications Holdings
7D
-6.6%
1Y
-73.5%
IRDM
US$25.40
Iridium Communications
7D
1.6%
1Y
-9.9%

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$37.06
Telesat
7D
4.4%
1Y
71.7%
GSAT
US$58.73
Globalstar
7D
-0.2%
1Y
150.8%

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$6.49
Lumen Technologies
7D
-3.0%
1Y
33.5%

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.
LBTY.A
US$11.69
Liberty Global
7D
-3.9%
1Y
1.2%

LBTY.A: Future Fiber Deals And Cash Returns Will Support Upside

Narrative Update on Liberty Global Analysts have nudged their price target on Liberty Global higher to $14 from $13, reflecting updated forecasts and valuation work following the latest company results. Analyst Commentary Analyst research around the new US$14 price target centers on updated forecasts and valuation work after the latest company results, with views divided between potential upside and execution risk.
LILA
US$7.81
Liberty Latin America
7D
0.6%
1Y
17.4%

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$89.93
AST SpaceMobile
7D
0.9%
1Y
206.9%
BAND
US$15.46
Bandwidth
7D
3.5%
1Y
1.3%
ATEX
US$39.34
Anterix
7D
8.1%
1Y
3.1%
IQST
US$1.72
iQSTEL
7D
-10.4%
1Y
-85.2%
IOTR
US$1.56
iOThree
7D
-24.6%
1Y
n/a
NXPL
US$0.49
NextPlat
7D
3.5%
1Y
-47.3%

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
SIFY
US$13.89
Sify Technologies
7D
2.7%
1Y
205.9%
ELWT
US$6.67
Elauwit Connection
7D
-4.0%
1Y
n/a