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U.S. Alternative Carriers Industry Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies31
- 7D-12.7%
- 3M12.8%
- 1Y54.7%
- YTDn/a
Over the last 7 days, the Alternative Carriers industry has dropped 7.4%, driven by AST SpaceMobile declining 17%. On the other hand Elauwit Connection is actually up 11%. This takes the industry's 12 month performance to a gain of 69%. Earnings are forecast to grow by 75% annually.
Industry Valuation and Performance
Has the U.S. Alternative Carriers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 21 Nov 2025 | US$39.3b | US$12.3b | -US$2,933,874,990.64 | 13.5x | -13.4x | 3.2x |
| Sun, 19 Oct 2025 | US$46.7b | US$12.1b | -US$4,805,330,425.85 | 17.4x | -9.7x | 3.9x |
| Tue, 16 Sep 2025 | US$28.2b | US$12.1b | -US$4,806,602,348.07 | 17x | -5.9x | 2.3x |
| Thu, 14 Aug 2025 | US$32.1b | US$12.1b | -US$4,809,996,174.59 | 23.4x | -6.7x | 2.6x |
| Sat, 12 Jul 2025 | US$28.6b | US$11.9b | -US$1,332,971,051.90 | 49.8x | -21.5x | 2.4x |
| Mon, 09 Jun 2025 | US$22.5b | US$11.9b | -US$1,351,416,187.76 | 47.9x | -16.6x | 1.9x |
| Wed, 07 May 2025 | US$22.6b | US$12.6b | -US$1,388,809,770.20 | 81.5x | -16.3x | 1.8x |
| Fri, 04 Apr 2025 | US$23.2b | US$12.5b | US$564.0m | 24.7x | 41.2x | 1.9x |
| Sun, 02 Mar 2025 | US$24.4b | US$12.1b | US$642.2m | 30.5x | 38.1x | 2x |
| Tue, 28 Jan 2025 | US$23.7b | US$15.4b | -US$4,987,491,548.63 | 89.4x | -4.8x | 1.5x |
| Thu, 26 Dec 2024 | US$26.4b | US$15.4b | -US$4,980,857,112.31 | 74.4x | -5.3x | 1.7x |
| Sat, 23 Nov 2024 | US$25.2b | US$15.4b | -US$4,980,839,988.23 | 81.6x | -5.1x | 1.6x |
| Mon, 21 Oct 2024 | US$30.1b | US$15.3b | -US$2,236,878,712.76 | 87.9x | -13.5x | 2x |
| Wed, 18 Sep 2024 | US$28.1b | US$15.3b | -US$2,262,971,686.09 | 72.8x | -12.4x | 1.8x |
| Fri, 16 Aug 2024 | US$24.6b | US$15.3b | -US$2,262,670,242.88 | 76.1x | -10.9x | 1.6x |
| Sun, 14 Jul 2024 | US$22.6b | US$15.2b | -US$1,804,730,378.24 | 117x | -12.5x | 1.5x |
| Tue, 11 Jun 2024 | US$19.9b | US$15.2b | -US$1,779,777,573.29 | 109.4x | -11.2x | 1.3x |
| Thu, 09 May 2024 | US$19.4b | US$15.1b | -US$1,692,916,114.15 | 70.6x | -11.4x | 1.3x |
| Sat, 06 Apr 2024 | US$18.6b | US$15.6b | -US$3,034,492,540.85 | 80.3x | -6.1x | 1.2x |
| Mon, 04 Mar 2024 | US$20.7b | US$15.7b | -US$3,012,479,623.73 | 236x | -6.9x | 1.3x |
| Wed, 31 Jan 2024 | US$25.9b | US$32.0b | -US$15,453,228,278.00 | 12.9x | -1.7x | 0.8x |
| Fri, 29 Dec 2023 | US$26.9b | US$32.0b | -US$15,448,934,668.00 | 14.5x | -1.7x | 0.8x |
| Sun, 26 Nov 2023 | US$23.3b | US$32.0b | -US$15,449,001,572.00 | 10x | -1.5x | 0.7x |
| Tue, 24 Oct 2023 | US$23.3b | US$32.8b | -US$13,168,081,150.00 | 7.5x | -1.8x | 0.7x |
| Thu, 21 Sep 2023 | US$27.2b | US$32.8b | -US$13,163,128,625.00 | 9.5x | -2.1x | 0.8x |
| Sat, 19 Aug 2023 | US$27.3b | US$32.8b | -US$13,163,136,380.00 | 10.6x | -2.1x | 0.8x |
| Mon, 17 Jul 2023 | US$25.9b | US$33.1b | -US$3,283,741,510.00 | 37x | -7.9x | 0.8x |
| Wed, 14 Jun 2023 | US$25.8b | US$33.1b | -US$3,311,096,609.00 | 22.4x | -7.8x | 0.8x |
| Fri, 12 May 2023 | US$25.7b | US$33.1b | -US$3,312,373,633.00 | 18.9x | -7.8x | 0.8x |
| Sun, 09 Apr 2023 | US$27.1b | US$34.0b | -US$1,332,770,988.00 | 18.6x | -20.3x | 0.8x |
| Tue, 07 Mar 2023 | US$29.4b | US$34.0b | -US$1,340,450,212.00 | 21x | -21.9x | 0.9x |
| Thu, 02 Feb 2023 | US$32.8b | US$35.2b | US$6.6b | 29.7x | 5x | 0.9x |
| Sat, 31 Dec 2022 | US$28.9b | US$35.1b | US$6.6b | 18.2x | 4.4x | 0.8x |
| Mon, 28 Nov 2022 | US$32.0b | US$35.1b | US$6.6b | 23.1x | 4.9x | 0.9x |
Price to Earnings Ratio
4.9x
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 1.5x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- Total earnings for the Alternative Carriers industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 29% per year, which is driving profits down.
Industry Comparison
How does U.S. Alternative Carriers compare with similar industries?
| US Market | -3.20% | |
| Telecom | -0.50% | |
| Telecom Services and Carriers | -2.15% | |
| Alternative Carriers | -12.68% | |
| Integrated Telecom Services | -0.88% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ELWT Elauwit Connection | US$7.69 | 11.3% +US$5.2m | n/a | PS3x | |
| IOTR iOThree | US$3.05 | 3.4% +US$256.5k | n/a | PS0.7x |
