TOTAL REV $75.24M
TOTAL EXP $56.92M
NET $18.32M

Investment Profile · FY 2019

North Carolina State University at Raleigh

Raleigh, North Carolina · NCAA Division I-FBS · Public, 4-year or above · Enrollment 22,622

ZIP 276957001 · IPEDS unitid 199193

Revenue Percentile (Division)
70th

Key Financial Metrics · 2019

Total Revenue
$75.24M

Total Expenses
$56.92M

Net Result
$18.32M

Unique Athletes
192

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 90.2%Women’s programs 9.8%

$67.85M
$7.39M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 1,728 (8.3%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$47.56M

Basketball

$16.44M

All Track Combined

$2.33M

Soccer

$1.86M

Swimming and Diving

$1.6M

Baseball

$919.7K

Volleyball

$846.4K

Tennis

$837K

Wrestling

$772K

Softball

$746.3K

Expense by sport

Football

$23.33M

Basketball

$13.61M

All Track Combined

$2.95M

Soccer

$3.08M

Swimming and Diving

$2.67M

Baseball

$2.62M

Volleyball

$1.4M

Tennis

$1.92M

Wrestling

$1.44M

Softball

$1.33M

Sport-by-sport profile table

Sport Men Women Coed (M/W) Revenue Expense Net
Football 7 118 0 $47.56M $23.33M $24.23M
Basketball 2 15 14 $16.44M $13.61M $2.83M
All Track Combined 3 43 74 $2.33M $2.95M $-619.8K
Soccer 15 26 27 $1.86M $3.08M $-1.22M
Swimming and Diving 18 33 35 $1.6M $2.67M $-1.07M
Baseball 1 35 0 $919.7K $2.62M $-1.7M
Volleyball 26 0 19 $846.4K $1.4M $-557.9K
Tennis 22 10 9 $837K $1.92M $-1.08M
Wrestling 28 35 0 $772K $1.44M $-665.9K
Softball 16 0 20 $746.3K $1.33M $-585K
Golf 8 10 10 $717.3K $1.53M $-816.2K
Gymnastics 9 0 19 $608.4K $1.03M $-425.8K
Rifle 12 0 0 3 / 5 $0 $0 $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$391.9K

Athletes Tracked
192

Top Sport Share
Football · 63.2%

Program Count
13

Unique men
118

Unique women
74

Per-sport slots
552

Multi-sport coeff
2.88x

Coed men
3

Coed women
5

The program has 192 unique athletes filling 552 sport roster slots — a 2.88x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FBS
Sector
Public, 4-year or above
Total Enrollment
22,622
Revenue Tier
Above-median (70th pct.)
Peers in Division
127 schools
Peers in North Carolina
68 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
University of Utah UT $75.62M $14.61M $381.1K
University of Kentucky KY $76.3M $-433.6K $1.06M
Vanderbilt University TN $73.46M $4.38M $-1.78M
Northwestern University IL $70.77M $643.7K $-4.46M
Rutgers University-New Brunswick NJ $69.73M $0 $-5.51M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $3.3K Athletic revenue per enrolled student
Expense Ratio 75.7% Expenses as % of revenue
Top Sport Share 63.2% Revenue concentration in top program
Division Percentile 70th 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.