TOTAL REV $21.64M
TOTAL EXP $21.64M
NET $0

Investment Profile · FY 2019

New Mexico State University-Main Campus

Las Cruces, New Mexico · NCAA Division I-FBS · Public, 4-year or above · Enrollment 9,708

ZIP 880038001 · IPEDS unitid 188030

Revenue Percentile (Division)
20th

Key Financial Metrics · 2019

Total Revenue
$21.64M

Total Expenses
$21.64M

Net Result
$0

Unique Athletes
227

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 66.4%Women’s programs 33.6%

$14.37M
$7.27M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment contracted by 590 (-5.7%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$9.23M

Basketball

$4.91M

Volleyball

$1.17M

All Track Combined

$1.08M

Swimming and Diving

$913.4K

Baseball

$913.3K

Softball

$857.1K

Tennis

$807.3K

Golf

$776.3K

Soccer

$760.7K

Expense by sport

Football

$9.23M

Basketball

$4.91M

Volleyball

$1.17M

All Track Combined

$1.08M

Swimming and Diving

$913.4K

Baseball

$913.3K

Softball

$857.1K

Tennis

$807.3K

Golf

$776.3K

Soccer

$760.7K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 120 0 $9.23M $9.23M $0
Basketball 2 20 13 $4.91M $4.91M $0
Volleyball 26 0 25 $1.17M $1.17M $0
All Track Combined 3 0 107 $1.08M $1.08M $0
Swimming and Diving 18 0 36 $913.4K $913.4K $0
Baseball 1 40 0 $913.3K $913.3K $0
Softball 16 0 24 $857.1K $857.1K $0
Tennis 22 11 9 $807.3K $807.3K $0
Golf 8 13 9 $776.3K $776.3K $0
Soccer 15 0 31 $760.7K $760.7K $0
Track and Field, X-Country 25 13 0 $223K $223K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$95.3K

Athletes Tracked
227

Top Sport Share
Football · 42.6%

Program Count
11

Unique men
120

Unique women
107

Per-sport slots
471

Multi-sport coeff
2.07x

Coed men

Coed women

The program has 227 unique athletes filling 471 sport roster slots — a 2.07x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FBS
Sector
Public, 4-year or above
Total Enrollment
9,708
Revenue Tier
Lower-tier (20th pct.)
Peers in Division
127 schools
Peers in New Mexico
12 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Western Michigan University MI $21.9M $0 $260.7K
University of Hawaii at Manoa HI $21.25M $-9.36M $-386.1K
Marshall University WV $22.32M $0 $680.4K
University of North Texas TX $22.36M $0 $722K
Ohio University-Main Campus OH $20.9M $0 $-744.1K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $2.2K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 42.6% Revenue concentration in top program
Division Percentile 20th 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.