| Rk | Team | Record | Rating | Conference | |
|---|---|---|---|---|---|
| 1 | Princeton | (11-0-0) | 0.8529 | Independent | |
| 2 | Dartmouth | (9-1-0) | 0.7228 | Independent | |
| 3 | Yale | (11-1-0) | 0.6769 | Independent | |
| 4 | Columbia | (9-1-0) | 0.5843 | Independent | |
| 5 | Harvard | (9-3-0) | 0.5332 | Independent | |
| 6 | Nebraska | (11-0-0) | 0.5232 | Independent | |
| 7 | Carlisle | (11-2-1) | 0.5206 | Independent | |
| 8 | Minnesota | (14-0-1) | 0.5175 | Western | |
| 9 | Michigan | (11-0-1) | 0.5079 | Western | |
| 10 | Pennsylvania | (9-3-0) | 0.4877 | Independent | |
| 11 | Vanderbilt | (6-1-1) | 0.4873 | SIAA | |
| 12 | Cumberland | (4-1-1) | 0.4813 | Independent | |
| 13 | Sewanee | (7-1-0) | 0.4684 | SIAA | |
| 14 | Holy Cross | (8-2-0) | 0.4512 | Independent | |
| 15 | Chicago | (12-2-1) | 0.4398 | Western | |
| 16 | Lehigh | (9-2-1) | 0.4285 | Independent | |
| 17 | Iowa | (9-2-0) | 0.4116 | Western | |
| 18 | Iowa State | (8-1-0) | 0.4019 | Independent | |
| 19 | Haskell | (7-2-0) | 0.4015 | Independent | |
| 20 | Texas | (5-1-2) | 0.4007 | SIAA | |
| 21 | Army | (6-2-1) | 0.3918 | Independent | |
| 22 | Amherst | (7-3-0) | 0.3750 | Independent | |
| 23 | Clemson | (4-1-1) | 0.3584 | SIAA | |
| 24 | Northwestern | (10-1-3) | 0.3506 | Western | |
| 25 | Virginia Tech | (5-1-0) | 0.3346 | Independent | |
| 26 | Georgetown | (7-3-0) | 0.3198 | Independent | |
| 27 | Virginia | (7-2-1) | 0.3014 | Independent | |
| 28 | Cornell | (6-3-1) | 0.2812 | Independent | |
| 29 | Wisconsin | (6-3-1) | 0.2698 | Western | |
| 30 | North Carolina | (6-3-0) | 0.2621 | Independent | |
| 31 | Brown | (5-4-1) | 0.2588 | Independent | |
| 32 | Swarthmore | (6-4-0) | 0.2570 | SIAA | |
| 33 | Williams | (6-4-1) | 0.2382 | Independent | |
| 34 | Massachusetts | (5-4-0) | 0.2326 | Independent | |
| 35 | South Carolina | (8-2-0) | 0.2313 | Independent | |
| 36 | Drake | (5-3-0) | 0.2273 | SIAA | |
| 37 | Kansas | (6-3-0) | 0.2201 | Independent | |
| 38 | Lafayette | (7-3-0) | 0.2093 | Independent | |
| 39 | Penn State | (5-3-0) | 0.1985 | Independent | |
| 40 | Dickinson | (7-5-0) | 0.1911 | Independent | |
| 41 | Illinois | (8-6-0) | 0.1850 | Western | |
| 42 | Wesleyan | (3-6-1) | 0.1523 | Independent | |
| 43 | Lombard | (5-3-0) | 0.1256 | Independent | |
| 44 | Texas A&M | (7-3-1) | 0.1158 | Independent | |
| 45 | Purdue | (4-2-0) | 0.0988 | Western | |
| 46 | Grinnell | (5-4-0) | 0.0890 | Independent | |
| 47 | Baylor | (4-3-1) | 0.0855 | Independent | |
| 48 | Oklahoma | (5-4-3) | 0.0747 | Independent | |
| 49 | Washington (Missouri) | (4-4-1) | 0.0729 | Independent | |
| 50 | Vermont | (4-5-0) | 0.0666 | Independent | |
| 51 | Bucknell | (4-5-0) | 0.0661 | Independent | |
| 52 | Auburn | (4-3-0) | 0.0398 | SIAA | |
| 53 | Alabama | (3-4-0) | 0.0324 | SIAA | |
| 54 | Indiana | (4-4-0) | 0.0111 | Western | |
| 55 | Springfield | (0-3-1) | 0.0078 | Independent | |
| 56 | Georgia | (3-4-0) | -0.0099 | SIAA | |
| 57 | Tufts | (5-9-0) | -0.0362 | Independent | |
| 58 | Lawrence | (1-3-0) | -0.0504 | Independent | |
| 59 | Tennessee | (4-5-0) | -0.0530 | SIAA | |
| 60 | Gettysburg | (0-4-0) | -0.0732 | Independent | |
| 61 | Navy | (4-7-1) | -0.1009 | Independent | |
| 62 | Franklin & Marshall | (0-4-0) | -0.1839 | Independent | |
| 63 | Simpson | (1-4-0) | -0.2095 | Independent | |
| 64 | Coe | (1-4-0) | -0.2118 | Independent | |
| 65 | Knox | (4-7-0) | -0.2383 | Independent | |
| 66 | Beloit | (3-7-0) | -0.2403 | Independent | |
| 67 | Missouri | (1-7-1) | -0.2437 | Independent | |
| 68 | Maryland-Baltimore | (0-3-1) | -0.2769 | Independent | |
| 69 | Georgia Tech | (2-5-0) | -0.2939 | SIAA | |
| 70 | Cornell (Iowa) | (1-8-0) | -0.3052 | Independent | |
| 71 | Davidson | (0-4-0) | -0.3778 | SIAA | |
| 72 | Trinity (Connecticut) | (0-4-0) | -0.3800 | Independent | |
| 73 | Texas Christian | (0-7-0) | -0.4698 | Independent | |
| 74 | Utah | (0-4-0) | -0.7002 | Independent |
Average Ratings by Conference (1903)
| Rk | Conference | Rating | |
|---|---|---|---|
| 1 | Western | 0.3102 | |
| 2 | Independent | 0.1556 | |
| 3 | SIAA | 0.1281 |