Data courtesy Kenneth Massey.
Ratings include all games through 4 April 2004. 1230 game results were used.
Weight of tied games = 0
| Rk | Team | Div. | Z-Rating | BSWP | Record | Pct | Ratio | SOS | Rk | ||||
| 1 | Detroit Red Wings | CN | 180.63 | .6436 | 48-23-11 | .652 | 1.877 | 96.222 | 29 | ||||
| 2 | Toronto Maple Leafs | NE | 159.88 | .6150 | 45-27-10 | .610 | 1.563 | 102.32 | 8 | ||||
| 3 | Tampa Bay Lightning | SE | 149.45 | .5989 | 46-28-8 | .610 | 1.563 | 95.648 | 30 | ||||
| 4 | Boston Bruins | NE | 149.15 | .5985 | 41-26-15 | .591 | 1.448 | 103.02 | 3 | ||||
| 5 | Ottawa Senators | NE | 145.07 | .5917 | 43-29-10 | .585 | 1.412 | 102.76 | 5 | ||||
| 6 | San Jose Sharks | PF | 144.97 | .5916 | 43-27-12 | .598 | 1.485 | 97.635 | 26 | ||||
| 7 | Vancouver Canucks | NW | 144.51 | .5908 | 43-29-10 | .585 | 1.412 | 102.36 | 7 | ||||
| 8 | New Jersey Devils | AT | 143.62 | .5893 | 43-27-12 | .598 | 1.485 | 96.721 | 28 | ||||
| 9 | Dallas Stars | PF | 136.45 | .5769 | 41-28-13 | .579 | 1.377 | 99.105 | 18 | ||||
| 10 | Philadelphia Flyers | AT | 134.94 | .5742 | 40-27-15 | .579 | 1.377 | 98.011 | 23 | ||||
| 11 | Colorado Avalanche | NW | 133.29 | .5711 | 40-29-13 | .567 | 1.310 | 101.76 | 9 | ||||
| 12 | Calgary Flames | NW | 128.24 | .5617 | 42-33-7 | .555 | 1.247 | 102.88 | 4 | ||||
| 13 | Montreal Canadiens | NE | 122.74 | .5509 | 41-34-7 | .543 | 1.187 | 103.43 | 2 | ||||
| 14 | St. Louis Blues | CN | 117.22 | .5395 | 39-32-11 | .543 | 1.187 | 98.783 | 20 | ||||
| 15 | New York Islanders | AT | 111.38 | .5268 | 38-33-11 | .530 | 1.130 | 98.574 | 21 | ||||
| 16 | Nashville Predators | CN | 110.49 | .5248 | 38-33-11 | .530 | 1.130 | 97.786 | 25 | ||||
| 17 | Edmonton Oilers | NW | 108.71 | .5208 | 36-34-12 | .512 | 1.050 | 103.53 | 1 | ||||
| 18 | Buffalo Sabres | NE | 100.06 | .5002 | 37-38-7 | .494 | 0.976 | 102.53 | 6 | ||||
| 19 | Minnesota Wild | NW | 96.403 | .4909 | 30-32-20 | .488 | 0.952 | 101.22 | 10 | ||||
| 20 | Atlanta Thrashers | SE | 79.831 | .4441 | 33-41-8 | .451 | 0.822 | 97.092 | 27 | ||||
| 21 | Los Angeles Kings | PF | 78.090 | .4387 | 28-38-16 | .439 | 0.783 | 99.781 | 17 | ||||
| 22 | Florida Panthers | SE | 74.968 | .4287 | 28-39-15 | .433 | 0.763 | 98.198 | 22 | ||||
| 23 | Carolina Hurricanes | SE | 72.830 | .4217 | 28-40-14 | .427 | 0.745 | 97.801 | 24 | ||||
| 24 | Mighty Ducks of Anaheim | PF | 71.026 | .4156 | 29-43-10 | .415 | 0.708 | 100.27 | 16 | ||||
| 25 | Phoenix Coyotes | PF | 61.311 | .3804 | 22-42-18 | .378 | 0.608 | 100.87 | 13 | ||||
| 26 | New York Rangers | AT | 59.824 | .3746 | 27-48-7 | .372 | 0.592 | 101.02 | 11 | ||||
| 27 | Columbus Blue Jackets | CN | 55.226 | .3561 | 25-49-8 | .354 | 0.547 | 100.93 | 12 | ||||
| 28 | Washington Capitals | SE | 51.369 | .3396 | 23-49-10 | .341 | 0.519 | 99.069 | 19 | ||||
| 29 | Pittsburgh Penguins | AT | 49.357 | .3306 | 23-51-8 | .329 | 0.491 | 100.54 | 15 | ||||
| 30 | Chicago Blackhawks | CN | 45.458 | .3125 | 20-51-11 | .311 | 0.451 | 100.72 | 14 |
| Division | BSWP | Tms | Top Team | |
| 1 | Northeast (NE) | .5827 | 5 | Toronto Maple Leafs (2) |
| 2 | Northwest (NW) | .5546 | 5 | Vancouver Canucks (7) |
| 3 | Pacific (PF) | .4775 | 5 | San Jose Sharks (6) |
| 4 | Atlantic (AT) | .4758 | 5 | New Jersey Devils (8) |
| 5 | Central (CN) | .4714 | 5 | Detroit Red Wings (1) |
| 6 | Southeast (SE) | .4381 | 5 | Tampa Bay Lightning (3) |