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U.S. Alternative Carriers Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies27
  • 7D6.2%
  • 3M12.5%
  • 1Y101.4%
  • YTDn/a

In the last week, the Alternative Carriers industry is up 7.2%, with AST SpaceMobile up 13%. Meanwhile, Globalstar actually underperformed within the industry, shrinking 9.4% in the last week. This takes the industry's 12 month performance to a gain of 118%. As for the next few years, earnings are expected to grow by 96% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 14 Mar 2023US$26.9bUS$34.0b-US$1,340,522,984.0018.4x-20x0.8x
Price to Earnings Ratio

-20x


Total Market Cap: US$26.9bTotal Earnings: -US$1,340,522,984.00Total Revenue: US$34.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -6.7x202420252026
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 4.9x.
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-2.31%
Telecom-1.96%
Telecom Services and Carriers2.63%
Alternative Carriers6.17%
Integrated Telecom Services2.27%
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$89.4813.0%
+US$3.4b		167.9%PS369.2x
CCOI Cogent Communications HoldingsUS$23.0723.0%
+US$205.6m		-67.8%PS1.2x
BAND BandwidthUS$16.5511.7%
+US$54.3m		9.4%PS0.7x
ATEX AnterixUS$39.607.3%
+US$50.4m		0.9%PE9.1x
LILA Liberty Latin AmericaUS$7.981.8%
+US$28.0m		15.8%PS0.4x

Latest News

BAND
US$16.55
Bandwidth
7D
11.7%
1Y
9.4%
ATEX
US$39.60
Anterix
7D
7.3%
1Y
0.9%
IRDM
US$24.01
Iridium Communications
7D
0.3%
1Y
-21.7%

IRDM: Spectrum Optionality And Counter Drone Role Will Support Future Rebound

Analysts have raised their price targets for Iridium Communications to $26, citing growing interest in the company’s spectrum optionality despite softer guidance, and viewing it as a secondary beneficiary of rising demand for low cost, scalable counter-drone solutions. Analyst Commentary Bullish analysts are highlighting Iridium as a secondary beneficiary of rising interest in low cost, scalable counter drone solutions, especially in light of recent geopolitical events that have put drone and missile defense back in focus.
ASTS
US$89.48
AST SpaceMobile
7D
13.0%
1Y
167.9%
GSAT
US$56.44
Globalstar
7D
-9.4%
1Y
144.4%

GSAT: Future Will Depend On De Risked Satellites And Underused Spectrum Balance

Analysts have increased their fair value estimate for Globalstar from $60.00 to $63.00, citing a higher $71 Street price target and the view that the company offers a compelling mix of "de-risked" satellite services supported by Apple and underutilized terrestrial spectrum assets. Analyst Commentary Recent research highlights a mixed but generally constructive stance toward Globalstar.
LUMN
US$6.62
Lumen Technologies
7D
-6.9%
1Y
24.9%

LUMN: Balance Sheet Repair And Cost Cuts Will Support Re Rating

Our updated Lumen Technologies price target moves modestly higher by a few dollars, as analysts balance mixed rating changes with expectations for slightly less severe revenue contraction, a similar margin profile, and a higher assumed future P/E multiple, supported by recent balance sheet repair and cost cutting progress. Analyst Commentary Recent Street research around Lumen paints a mixed but generally constructive picture, as several bullish analysts lift their price targets while one firm takes a more cautious stance with a downgrade.
LBTY.A
US$12.54
Liberty Global
7D
-1.6%
1Y
7.5%

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

Analysts have nudged their price target for Liberty Global up by $1 to $14, citing refreshed forecasts and valuation work following the latest company results. Analyst Commentary Bullish analysts see the updated US$14 price target as a reflection of refreshed modeling work after the latest results, rather than a major shift in view.
TSAT
US$30.84
Telesat
7D
-1.8%
1Y
73.2%
IQST
US$1.88
iQSTEL
7D
-20.0%
1Y
-84.3%
LILA
US$7.98
Liberty Latin America
7D
1.8%
1Y
15.8%

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

Analysts have adjusted their price target on Liberty Latin America modestly, reflecting updated assumptions on discount rate, revenue growth, profit margins and future P/E. However, the underlying fair value estimate remains at $8.00.
CCOI
US$23.07
Cogent Communications Holdings
7D
23.0%
1Y
-67.8%
NXPL
US$0.44
NextPlat
7D
-21.4%
1Y
-55.9%

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$14.16
Sify Technologies
7D
-9.6%
1Y
193.2%
ELWT
US$7.15
Elauwit Connection
7D
-6.4%
1Y
n/a