TOTAL REV $22.32M
TOTAL EXP $22.32M
NET $0

Investment Profile · FY 2019

Marshall University

Huntington, West Virginia · NCAA Division I-FBS · Public, 4-year or above · Enrollment 7,029

ZIP 25755 · IPEDS unitid 237525

Revenue Percentile (Division)
22th

Key Financial Metrics · 2019

Total Revenue
$22.32M

Total Expenses
$22.32M

Net Result
$0

Unique Athletes
220

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 70.2%Women’s programs 29.8%

$15.68M
$6.64M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment contracted by 904 (-11.4%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$10.18M

Basketball

$4.56M

Soccer

$1.86M

Volleyball

$932.1K

Baseball

$925.7K

Softball

$854.3K

All Track Combined

$850K

Swimming and Diving

$835.5K

Golf

$668.5K

Tennis

$414.5K

Expense by sport

Football

$10.18M

Basketball

$4.56M

Soccer

$1.86M

Volleyball

$932.1K

Baseball

$925.7K

Softball

$854.3K

All Track Combined

$850K

Swimming and Diving

$835.5K

Golf

$668.5K

Tennis

$414.5K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 126 0 $10.18M $10.18M $0
Basketball 2 17 15 $4.56M $4.56M $0
Soccer 15 30 32 $1.86M $1.86M $0
Volleyball 26 0 18 $932.1K $932.1K $0
Baseball 1 36 0 $925.7K $925.7K $0
Softball 16 0 22 $854.3K $854.3K $0
All Track Combined 3 0 94 $850K $850K $0
Swimming and Diving 18 0 21 $835.5K $835.5K $0
Golf 8 12 7 $668.5K $668.5K $0
Tennis 22 0 7 $414.5K $414.5K $0
Track and Field, X-Country 25 15 0 $243.9K $243.9K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$101.5K

Athletes Tracked
220

Top Sport Share
Football · 45.6%

Program Count
11

Unique men
126

Unique women
94

Per-sport slots
452

Multi-sport coeff
2.05x

Coed men

Coed women

The program has 220 unique athletes filling 452 sport roster slots — a 2.05x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FBS
Sector
Public, 4-year or above
Total Enrollment
7,029
Revenue Tier
Lower-tier (22th pct.)
Peers in Division
127 schools
Peers in West Virginia
19 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
University of North Texas TX $22.36M $0 $41.6K
University of Toledo OH $22.46M $0 $141.5K
Western Michigan University MI $21.9M $0 $-419.6K
New Mexico State University-Main Campus NM $21.64M $0 $-680.4K
University of Hawaii at Manoa HI $21.25M $-9.36M $-1.07M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $3.2K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 45.6% Revenue concentration in top program
Division Percentile 22th Revenue rank within NCAA Division I-FBS

Source: U.S. Department of Education — Equity in Athletics Data Analysis (EADA). Fiscal year 2019. Last updated April 18, 2026.