Disclosed herein are an apparatus for analyzing a transmitter identification (TxID) signal and a method using the apparatus. The apparatus for analyzing the TxID signal includes a demodulator for decoding the bootstrap of a received signal; a cancellation unit for performing a host signal cancellation process for the received signal, thereby generating a host-signal-cancelled received signal; a correlator for calculating a correlation value between a signal corresponding to the host-signal-cancelled received signal and a signal corresponding to a TxID sequence; and a TxID profile analyzer for generating information about a channel between a transmitter corresponding to the TxID signal and a receiver using the correlation value.