The 1938 Sul Ross Lobos football team was an
American football team that represented The Sul Ross State Teachers College, at Alpine (now known as
Sul Ross State University) as a member of the
Alamo Conference during the
1938 college football season. Led by
B. C. Graves in his 12th season as head coach, the Lobos compiled an overall record of 4–3–1, with a mark of 1–1 in conference play, and finished second in the Alamo.