And, it is not close per SB Nation:
Conference Avg. Revenue Avg. Expenses Avg. Profit/Loss
SEC $122,517,029 $105,609,195 $16,907,834
Big Ten $108,498,429 $106,604,255 $1,894,174
Big 12 $103,336,579 $98,491,826 $4,844,753
ACC $90,416,823 $87,753,344 $2,663,479
Pac-12 $81,255,208 $82,774,493 ($1,519,285)
School Conference Revenue Expenses Profit/Loss
Texas A&M SEC $192,608,876 $109,313,651 $83,295,225
Texas Big 12 $183,521,028 $173,248,133 $10,272,895
Ohio State Big Ten $167,166,065 $154,033,208 $13,132,857
Michigan Big Ten $152,477,026 $151,144,964 $1,332,062
Alabama SEC $148,911,674 $132,354,913 $16,556,761
Florida SEC $147,105,242 $125,384,443 $21,720,799
LSU SEC $138,642,237 $121,947,775 $16,694,462
Oklahoma Big 12 $134,269,349 $123,017,251 $11,252,098
Tennessee SEC $126,584,033 $113,413,325 $13,170,708
Penn State Big Ten $125,720,619 $122,271,407 $3,449,212
The first thing you'll notice here is the distance between Texas A&M's revenue and profits and everyone else's. This is likely due to an influx of donations related to the renovation of Kyle Field and will subside in the same way Oregon's did after getting a massive donation from Phil Knight last year.
Conference Avg. Revenue Avg. Expenses Avg. Profit/Loss
SEC $122,517,029 $105,609,195 $16,907,834
Big Ten $108,498,429 $106,604,255 $1,894,174
Big 12 $103,336,579 $98,491,826 $4,844,753
ACC $90,416,823 $87,753,344 $2,663,479
Pac-12 $81,255,208 $82,774,493 ($1,519,285)
School Conference Revenue Expenses Profit/Loss
Texas A&M SEC $192,608,876 $109,313,651 $83,295,225
Texas Big 12 $183,521,028 $173,248,133 $10,272,895
Ohio State Big Ten $167,166,065 $154,033,208 $13,132,857
Michigan Big Ten $152,477,026 $151,144,964 $1,332,062
Alabama SEC $148,911,674 $132,354,913 $16,556,761
Florida SEC $147,105,242 $125,384,443 $21,720,799
LSU SEC $138,642,237 $121,947,775 $16,694,462
Oklahoma Big 12 $134,269,349 $123,017,251 $11,252,098
Tennessee SEC $126,584,033 $113,413,325 $13,170,708
Penn State Big Ten $125,720,619 $122,271,407 $3,449,212
The first thing you'll notice here is the distance between Texas A&M's revenue and profits and everyone else's. This is likely due to an influx of donations related to the renovation of Kyle Field and will subside in the same way Oregon's did after getting a massive donation from Phil Knight last year.