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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Mar 2026 | US$53.3b | US$12.5b | -US$8,080,944,482.63 | 27.2x | -6.6x | 4.3x |
| Sat, 21 Feb 2026 | US$52.0b | US$12.4b | -US$8,083,657,216.14 | 21x | -6.4x | 4.2x |
| Mon, 19 Jan 2026 | US$61.4b | US$12.3b | -US$2,936,733,823.20 | 15.8x | -20.9x | 5x |
| Wed, 17 Dec 2025 | US$44.6b | US$12.3b | -US$2,936,051,722.09 | 14x | -15.2x | 3.6x |
| Fri, 14 Nov 2025 | US$42.1b | US$12.3b | -US$2,934,545,236.03 | 13.9x | -14.3x | 3.4x |
| Sun, 12 Oct 2025 | US$46.1b | US$12.1b | -US$4,805,291,575.28 | 17.2x | -9.6x | 3.8x |
| Tue, 09 Sep 2025 | US$30.6b | US$12.1b | -US$4,806,425,834.39 | 20.1x | -6.4x | 2.5x |
| Thu, 07 Aug 2025 | US$31.3b | US$12.1b | -US$4,472,221,671.85 | 49.4x | -7x | 2.6x |
| Sat, 05 Jul 2025 | US$29.6b | US$11.9b | -US$1,333,261,456.78 | 49.7x | -22.2x | 2.5x |
| Mon, 02 Jun 2025 | US$19.2b | US$11.7b | -US$1,344,337,395.91 | 50.3x | -14.3x | 1.7x |
| Wed, 30 Apr 2025 | US$22.8b | US$12.6b | US$566.4m | 21.1x | 40.2x | 1.8x |
| Fri, 28 Mar 2025 | US$25.7b | US$12.5b | US$565.0m | 28.5x | 45.5x | 2.1x |
| Sun, 23 Feb 2025 | US$25.3b | US$12.1b | US$910.2m | 63.1x | 27.8x | 2.1x |
| Tue, 21 Jan 2025 | US$23.1b | US$15.4b | -US$4,987,488,963.34 | 87.4x | -4.6x | 1.5x |
| Thu, 19 Dec 2024 | US$24.9b | US$15.4b | -US$4,980,852,225.87 | 74.2x | -5x | 1.6x |
| Sat, 16 Nov 2024 | US$25.6b | US$15.4b | -US$4,973,168,002.45 | 73x | -5.2x | 1.7x |
| Mon, 14 Oct 2024 | US$27.3b | US$15.3b | -US$2,262,966,229.97 | 83.3x | -12.1x | 1.8x |
| Wed, 11 Sep 2024 | US$26.6b | US$15.3b | -US$2,262,968,609.37 | 74.3x | -11.7x | 1.7x |
| Fri, 09 Aug 2024 | US$23.9b | US$15.3b | -US$1,059,241,718.57 | 36.7x | -22.6x | 1.6x |
| Sun, 07 Jul 2024 | US$21.4b | US$15.2b | -US$1,804,730,179.55 | 118.5x | -11.8x | 1.4x |
| Tue, 04 Jun 2024 | US$20.3b | US$15.2b | -US$1,779,774,796.76 | 109.4x | -11.4x | 1.3x |
| Thu, 02 May 2024 | US$19.0b | US$15.6b | -US$3,025,322,948.78 | 80.3x | -6.3x | 1.2x |
| Sat, 30 Mar 2024 | US$19.4b | US$15.6b | -US$3,010,916,396.10 | 83.9x | -6.4x | 1.2x |
| Mon, 26 Feb 2024 | US$20.8b | US$15.5b | -US$3,156,333,832.07 | 134.9x | -6.6x | 1.3x |
| Wed, 24 Jan 2024 | US$25.7b | US$32.0b | -US$15,453,228,565.00 | 13.7x | -1.7x | 0.8x |
| Fri, 22 Dec 2023 | US$25.3b | US$32.0b | -US$15,448,782,385.00 | 12.7x | -1.6x | 0.8x |
| Sun, 19 Nov 2023 | US$23.2b | US$32.0b | -US$15,448,994,376.00 | 10.3x | -1.5x | 0.7x |
| Tue, 17 Oct 2023 | US$24.7b | US$32.8b | -US$13,163,136,790.00 | 8.7x | -1.9x | 0.8x |
| Thu, 14 Sep 2023 | US$27.3b | US$32.8b | -US$13,163,120,560.00 | 10.6x | -2.1x | 0.8x |
| Sat, 12 Aug 2023 | US$28.6b | US$32.8b | -US$13,167,483,001.00 | 10.9x | -2.2x | 0.9x |
| Mon, 10 Jul 2023 | US$26.0b | US$33.1b | -US$3,283,795,569.00 | 28.6x | -7.9x | 0.8x |
| Wed, 07 Jun 2023 | US$25.9b | US$33.1b | -US$3,311,116,541.00 | 22.4x | -7.8x | 0.8x |
| Fri, 05 May 2023 | US$26.2b | US$33.2b | -US$1,405,776,077.00 | 14.1x | -18.6x | 0.8x |
| Sun, 02 Apr 2023 | US$27.9b | US$34.0b | -US$1,330,632,322.00 | 19.8x | -21x | 0.8x |
Price to Earnings Ratio
-21x
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 Carriers | 3.08% | |
| Alternative Carriers | 7.11% | |
| Integrated Telecom Services | 2.69% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ASTS AST SpaceMobile | US$96.06 | 5.9% +US$1.6b | 252.0% | PS396.4x | |
| GSAT Globalstar | US$67.38 | 14.8% +US$1.1b | 192.3% | PS31.7x | |
| IRDM Iridium Communications | US$29.68 | 16.3% +US$436.6m | 0.5% | PE27.2x | |
| LUMN Lumen Technologies | US$6.97 | 6.3% +US$420.0m | 67.1% | PS0.6x | |
| LBTY.A Liberty Global | US$12.28 | 3.5% +US$137.4m | 5.0% | PS0.8x |
