Record: 43-25-3, .627 W-L% (3rd of 9) (Schedule and Results)
SRS: 6.27 (3rd of 9) ▪ SOS: 1.75 (3rd of 9)
Conference Champion: Southern Methodist
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
|---|---|---|---|---|---|---|---|---|
| 1 | Oct 10, 1931 | Sat | Rice | 7 | @ | Texas | 0 | |
| 2 | Oct 10, 1931 | Sat | Southern Methodist | 42 | @ | Arkansas | 6 | |
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 3 | Oct 17, 1931 | Sat | Baylor | 19 | Arkansas | 7 | ||
| 4 | Oct 17, 1931 | Sat | Southern Methodist | 21 | @ | Rice | 12 | |
| 5 | Oct 17, 1931 | Sat | Texas Christian | 6 | Texas A&M | 0 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 6 | Oct 24, 1931 | Sat | Texas A&M | 33 | Baylor | 7 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 7 | Oct 31, 1931 | Sat | Texas Christian | 7 | @ | Arkansas | 0 | |
| 8 | Nov 1, 1931 | Sun | Southern Methodist | 9 | Texas | 7 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 9 | Nov 7, 1931 | Sat | Southern Methodist | 8 | @ | Texas A&M | 0 | |
| 10 | Nov 7, 1931 | Sat | Texas | 25 | Baylor | 0 | ||
| 11 | Nov 7, 1931 | Sat | Texas Christian | 7 | Rice | 6 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 12 | Nov 14, 1931 | Sat | Southern Methodist | 6 | Baylor | 0 | ||
| 13 | Nov 14, 1931 | Sat | Texas | 10 | Texas Christian | 0 | ||
| 14 | Nov 14, 1931 | Sat | Texas A&M | 7 | @ | Rice | 0 | |
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 15 | Nov 21, 1931 | Sat | Rice | 26 | Arkansas | 12 | ||
| 16 | Nov 21, 1931 | Sat | Texas Christian | 19 | @ | Baylor | 6 | |
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 17 | Nov 26, 1931 | Thu | Texas A&M | 7 | Texas | 6 | ||
| 18 | Nov 28, 1931 | Sat | Rice | 20 | Baylor | 0 | ||
| 19 | Nov 28, 1931 | Sat | Southern Methodist | 0 | Texas Christian | 0 |