| Rk | Team | Record | Rating | Conference | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | (12-0-0) | 0.7784 | Independent | |
| 2 | Dartmouth | (7-0-1) | 0.6790 | Independent | |
| 3 | Yale | (10-1-0) | 0.6575 | Independent | |
| 4 | Auburn | (6-0-0) | 0.6559 | SIAA | |
| 5 | Harvard | (7-2-1) | 0.5980 | Independent | |
| 6 | Princeton | (8-2-0) | 0.5956 | Independent | |
| 7 | Amherst | (9-1-0) | 0.5339 | Independent | |
| 8 | Army | (7-2-0) | 0.5312 | Independent | |
| 9 | Sewanee | (7-1-0) | 0.5260 | SIAA | |
| 10 | Chicago | (10-1-1) | 0.5251 | Western | |
| 11 | Minnesota | (13-0-0) | 0.5138 | Western | |
| 12 | Michigan | (10-0-0) | 0.5020 | Western | |
| 13 | Vanderbilt | (9-0-0) | 0.4954 | SIAA | |
| 14 | Haskell | (8-1-0) | 0.4897 | Independent | |
| 15 | Carlisle | (10-2-0) | 0.4869 | Independent | |
| 16 | Navy | (7-2-1) | 0.4813 | Independent | |
| 17 | Illinois | (9-2-1) | 0.4394 | Western | |
| 18 | Georgetown | (7-1-0) | 0.4285 | Independent | |
| 19 | Virginia | (6-3-0) | 0.3951 | Independent | |
| 20 | Columbia | (7-3-0) | 0.3796 | Independent | |
| 21 | Lafayette | (8-2-0) | 0.3704 | Independent | |
| 22 | Georgia Tech | (8-1-1) | 0.3636 | SIAA | |
| 23 | Swarthmore | (6-3-0) | 0.3406 | Independent | |
| 24 | Texas | (6-2-0) | 0.3333 | SIAA | |
| 25 | Northwestern | (8-2-0) | 0.3318 | Western | |
| 26 | Clemson | (3-3-1) | 0.3291 | SIAA | |
| 27 | North Carolina State | (3-1-2) | 0.3233 | Independent | |
| 28 | Nebraska | (9-3-0) | 0.3107 | Independent | |
| 29 | Brown | (6-5-0) | 0.2964 | Independent | |
| 30 | Kansas | (8-1-1) | 0.2903 | Independent | |
| 31 | Tulane | (5-2-0) | 0.2883 | SIAA | |
| 32 | Cornell | (7-3-0) | 0.2858 | Independent | |
| 33 | Alabama | (7-3-0) | 0.2839 | SIAA | |
| 34 | Iowa State | (7-2-0) | 0.2778 | Independent | |
| 35 | Wisconsin | (5-3-0) | 0.2715 | Western | |
| 36 | Massachusetts | (5-2-1) | 0.2689 | Independent | |
| 37 | Purdue | (9-3-0) | 0.2678 | Western | |
| 38 | Dickinson | (8-3-1) | 0.2542 | Independent | |
| 39 | North Carolina | (5-2-2) | 0.2466 | Independent | |
| 40 | Iowa | (7-4-0) | 0.2449 | Western | |
| 41 | Texas A&M | (4-2-0) | 0.2329 | Independent | |
| 42 | Virginia Tech | (5-3-0) | 0.2270 | Independent | |
| 43 | Penn State | (6-4-0) | 0.1720 | Independent | |
| 44 | Bowdoin | (5-4-0) | 0.1482 | Independent | |
| 45 | Bucknell | (3-3-0) | 0.1446 | Independent | |
| 46 | Mississippi | (4-3-0) | 0.1429 | SIAA | |
| 47 | Holy Cross | (2-5-2) | 0.1427 | Independent | |
| 48 | Indiana | (6-4-0) | 0.1164 | Western | |
| 49 | Maine | (4-4-0) | 0.1122 | Independent | |
| 50 | Notre Dame | (5-3-0) | 0.0810 | Independent | |
| 51 | Wabash | (4-4-0) | 0.0791 | Independent | |
| 52 | Ohio State | (6-5-0) | 0.0719 | Independent | |
| 53 | Bates | (4-3-1) | 0.0656 | Independent | |
| 54 | Williams | (3-7-1) | 0.0340 | Independent | |
| 55 | Gettysburg | (1-3-0) | 0.0268 | Independent | |
| 56 | Drake | (5-4-0) | 0.0248 | Independent | |
| 57 | Tennessee | (3-5-1) | -0.0018 | SIAA | |
| 58 | Virginia Military Institute | (3-5-1) | -0.0273 | Independent | |
| 59 | Louisiana State | (3-4-0) | -0.0416 | SIAA | |
| 60 | Wesleyan | (3-7-0) | -0.0453 | Independent | |
| 61 | Georgia | (1-5-0) | -0.0491 | SIAA | |
| 62 | Beloit | (4-4-1) | -0.0636 | Independent | |
| 63 | Colby | (2-4-1) | -0.0815 | Independent | |
| 64 | Washington (Missouri) | (4-7-0) | -0.0823 | Independent | |
| 65 | Tennessee Medical | (2-4-0) | -0.1862 | Independent | |
| 66 | Mississippi State | (2-5-0) | -0.1876 | SIAA | |
| 67 | Baylor | (2-5-1) | -0.2260 | Independent | |
| 68 | Springfield | (0-4-0) | -0.2330 | Independent | |
| 69 | Nashville | (1-7-1) | -0.2564 | SIAA | |
| 70 | Lehigh | (1-8-0) | -0.2698 | Independent | |
| 71 | Texas Christian | (1-4-1) | -0.2719 | Independent | |
| 72 | Tufts | (2-10-1) | -0.2877 | Independent | |
| 73 | Missouri | (3-6-0) | -0.2990 | Independent | |
| 74 | Grinnell | (1-6-1) | -0.2991 | Independent | |
| 75 | Simpson | (1-3-0) | -0.3017 | Independent | |
| 76 | Vermont | (1-5-1) | -0.3704 | Independent | |
| 77 | New Hampshire | (2-5-0) | -0.3764 | Independent | |
| 78 | Florida | (0-5-0) | -0.5797 | Independent | |
| 79 | Franklin & Marshall | (0-10-0) | -0.6222 | Independent |
Average Ratings by Conference (1904)
| Rk | Conference | Rating | |
|---|---|---|---|
| 1 | Western | 0.3570 | |
| 2 | SIAA | 0.2058 | |
| 3 | Independent | 0.1293 |