The 1946 New Mexico State Teachers Mustangs football team represented New Mexico State Teachers College of Silver City, New Mexico, during the 1946 college football season. Led by head coach Raymond J. Brancheau, the Mustangs compiled a 4–5 record (3–1 against NMC opponents), finished second in the NMC, and were outscored by a total of 121 to 75.
The 1946 New Mexico Military Broncos football team represented New Mexico Military Institute of Roswell, New Mexico, during the 1946 college football season. Led by head coach Major L.T. Godfrey, the Broncos compiled a 3–4 record (2–2 against NMC opponents), finished third in the NMC, and were outscored by a total of 149 to 107.
The 1946 Eastern New Mexico Greyhounds football team represented Eastern New Mexico University of Portales, New Mexico, during the 1946 college football season. Led by head coach Al Garten, the Greyhounds compiled a 1–7–1 record (1–3 against NMC opponents), finished fourth in the NMC, and were outscored by a total of 209 to 46.
^W.J. Bingham, ed. (1947). The Official National Collegiate Athletic Association Football Guide including the Official Rules 1947. A.S. Barnes and Company. p. 144.